[$0.35/GH] Bankrupted HashFast Hardware Sale

[MrTeal]

I think HF still has a bunch of Sierra rackmount cases.  Even if they don't, bare boards are much easier to put in rackmount cases than the nonstandard Bitmain chassis.

You are right, and they should be like $50 each. They are in the schedules. However that adds to the complexity, and I guess that shipping it won't be cheap.

The empty cases are bulky, but don't weigh very much.  They are custom cut to accommodate three radiator/fans and two PSU, although I'm not sure if the board mounts work with the new Yoli boards.

They will, though you'll probably be limited to two boards per chassis if you want to run the Yoli boards full out, unless you want to invest in a couple 1200+W ATX supplies to power three.

Great point MrTeal.  And most consumer 1200+W PSU are not up to the task of feeding hungry maxed-out Yoli boards for very long until they fail (sometimes taking a board with them)!  You could get two 1200W Seasonics, but will pay a premium for their server-grade reliability.

It's not worthwhile anyway to try and run as hard as you can. Running at 975-1000MHz (~750GH/s) is a bit hit or miss and can either work reasonably well or require a big bump in voltage to get to that point. Depending on where you are in the chip lottery you could be running from 950W at the wall to well over 1000W to hit that 750GH/s.

Unless you have extremely cheap power, it's better to scale it back to the 600GH/s or so range, where you can keep the power draw at the wall around the 1J/GH mark.

[1715313309]

1715313309

[MrTeal]

I would be interested in a quantity order even given the history and bankruptcy, but the price point would need to be a lot lower to be competitive.

The Bitmain C1 is an almost perfectly comparable product - .80 J/Ghs at the wall, 1 Terahash, liquid cooling included... but unlike the Hashfast, it is a fully enclosed ready to run system and is priced at 1 BTC / Terahash.  The GB here would be for a product that needs work, and at .80 J/Ghs the performance is 500 Ghs... so to compare apples to apples, you need 2x of the Hashfast to achieve the same results (at .80 J/Ghs) as the Bitmain product, plus I would have to spring for an enclosure, controller/rpi and spend time assembling things...

That makes the Hashfast bankruptcy sale 2x++ more costly than the Bitmain product! on a comparable (J/Ghs) finished product basis.  Plus, I get top notch customer service and after-sale support from Bitmaintech that would not be available form a bankrupt company.

As a liquidation specialist, I would think that Hashfast's trustee could do a lot better than this.  Taking out the cost and trouble of assembly, case, standoffs, screw, etc. and the lack of meaningful warranty (assume they would do warranty on DOA basis, but in bankruptcy sales even that is sometimes not done) .. I would imagine the price should be half of what it is now. 

Suggest that you look at the market again, and come back with detailed pricing and terms that make sense.  Larger minimums may be needed, but at the very least you should have an offering that beats the C1 pricing by a good margin.

It's actually the opposite. Mounting the cooler with the Yoli is a bit of a PITA, but it's still simpler than the C1 as it's a closed loop cooler. The C1 you need to source the pump, radiator and coolant and then install and fill your cooling loop. Syscool sells a (super cheap) kit that takes care of a lot of the parts sourcing, but it's still more work to get up and running.

[Syke]

That makes the Hashfast bankruptcy sale 2x++ more costly than the Bitmain product! on a comparable (J/Ghs) finished product basis.  Plus, I get top notch customer service and after-sale support from Bitmaintech that would not be available form a bankrupt company.

The C1 ships in a few days. This HF unassembled pile of parts might ship in a month. That makes the HF offering way more expensive.

[cedivad]

I would imagine the price should be half of what it is now.

I personally have the BOM for the rev3 board, and I would like you to see it. I'm trying to be authorised to share it. Long story short, there is no way the price will halve, and I personally can't understand how they can get this price in the first place. Even by considering the cooling system free, the rest of the components should add up to more than that.

I think that basically HF could make more money off this by selling the cooling systems at $80, that should be below market price. (too bad that the kits are incomplete, and thus can't be sold as retail).

[philipma1957]

so 260 usd  for a kit  so if I run it at 500gh and .8 watts it is the same as an s-3

I have to pay in btc and wait for this kit.

I go to ebay and for  245 I get this

http://www.ebay.com/itm/Bitmain-Antminer-S3-Bitcoin-Miner-/271642550778?pt=US_Virtual_Currency&hash=item3f3f2861fa


Or 259 I get this

http://www.ebay.com/itm/BITMAIN-AntMiner-S3-Bitcoin-Miner-ASIC-IN-HAND-ships-within-24-hrs-/291272899697?pt=US_Virtual_Currency&hash=item43d137bc71

So I just don't see why anyone would want this gear at this price.

[volosator]

Just sell bare chip guys, this is the best bet for you. Nobody wants the boards, just the chips!

[cedivad]

Just sell bare chip guys, this is the best bet for you. Nobody wants the boards, just the chips!

The chips have been on sale for months. However they are quite useless without a board of some kind.

[Syke]

The chips have been on sale for months. However they are quite useless without a board of some kind.

And with a board they aren't competitive. Lose lose.

[whonesta]

LOL More chinese garbage trying to be sold as useful, BLAH! Get LOST with this pre-order our crap, CRAP!

[volosator]

The chips have been on sale for months. However they are quite useless without a board of some kind.

And with a board they aren't competitive. Lose lose.

I'm sure Mr. Teal would mount them on his boards for a small fee.

[eightcylinders]

The chips have been on sale for months. However they are quite useless without a board of some kind.

And with a board they aren't competitive. Lose lose.

I'm sure Mr. Teal would mount them on his boards for a small fee.

I would be interested in 50-100 units (@500 GHS) if someone can figure out a way to get the chips, controller, power, cooling, etc. into a rackmount case for the price at the price and performance point of the C1 or better.  Maybe only bitmaintech has the scale, but just throwing it out there in case anyone (Mr. Teal?) has the ability to source this and maybe we could make an offer for the chips on this basis.  PM me if there is a way and a will.

[schwab]

I'm gonna quote all the giant red flags, so far, in the thread.
Bolds are mine

[$0.35/GH] Bankrupted HashFast Hardware Sale

First up, Hashfast itself. Oi. I mean, are you buying chips? Do you have a board design ready? Is it two years ago? Hashfast could be for you, I guess.

kit

Nothing like DIY. Little elbow grease never hurt. I have some competency.

The price per kit will be $260

Whoa there, I thought you said it was a kit. I mean, hell at 750ghs that isn't so horrible though. Decent electric...

700GH has been easy and 750GH with careful setup

Wait, what? Easy/Careful. Pick one. Doesn't matter without proper community support this kit will be neither. I'd be hopeful to get 600gh/s.

BTW The china manufacturer reports that running the boards at 450GH he measures 0.8J/GH at the wall

Well there is the truth. Get to the good stuff. Ok, but we get the bolster and the foil and it's a kit! J/GH seems a little high ya know.

Daddyfatsax-

pre-order stuff from Hash-fast?

That's what it sorta seems like. Everyone doing a big favor for HF.

Cedivad-

The J/GH ratio is 0.8J/GH at lower speeds (around 450GH). It goes around 1.1J/GH at higher speeds.

The truth! The truth shall set you free from this thread! I'm guessing the, uhh, higher speeds, are the easy 700 or careful 750. It hurts to want to laugh.

iCEBREAKER

I've seen anytime this guy shows up, no go. Not very good. He's weird, a shill. All about the scam and the troll. Just a fucking pain really. Talks out of ass.

Cedivad -

HF decided that they are not interested into this escrow account....HF that would then pay the Chinese supplier completely upfront....that is something I think not to be the case

Yaaa..... bankruptcy sale, wanting preorders, saying no. Step 1. Take money. Step 2. Run.

(too bad that the kits are incomplete)

You even fucking know.

The chips have been on sale for months.

And a couple decent machines came out, for limited use at high dollars. Open Source designs. Release some shit. Sale reference designs. Oh man, just what a cluster.

[iCEBREAKER]

are you buying chips? Do you have a board design ready?

If you had bothered reading the OP before blathering FUD, you would already know the answers to those questions.   

[cedivad]

Guys, I completely understand the hate towards HF. My claim is public. Go look that up if you want to know how many $, or rather how many BTC of hate I have towards them. Just run a whois for cedivad.com for my full name to be used in that search. That doesn't mean that they can't do something right, or at least try to do something right, under the guidance of someone different than their old CEO/CFO, the ones that costed HF's creditors more than $15M.

Is the price right? Yes. Does the J/GH ratio still sucks? Absolutely. Does trusting them with a 20-days preorder window sucks as well? Yes. Will they run away with the preorder money? No, since that it would be easier then to lock them away, and I'm quite sure that they don't like the idea, but that doesn't account for the Chinese supplier, of which I don't know the reputation. Is the price the best you are ever gonna get for this specific hardware? Absolutely.

So, while I agree with the sceptics of this thread, while I completely agree with them, please try not to throw your shit at people that are trying to do their best, possibly with no interest, like me (In my specific case, my net gain from a successful preorder is $0.00 and in the best case scenario I would earn something like a tenth of a cent on the dollar on my clam). Feel free to hate IceBreaker and his following shills, feel free to hate the guy who wrote the emails in the first post for his past lies, but please recognise that you are not dealing with them, not anymore.

That doesn't mean "buy", since that again, I agree that some of the alternatives could be more appealing, and that Bitcoin mining is unprofitable in general, that just means to please, not to accuse people who did nothing - in this case, the current bankrupcy management, of having done anything wrong, since that's not the case, and that with a tiny research you could agree with me on that, instead of blindly following and agreeing with the dominant line of thought.

[iCEBREAKER]

are you buying chips? Do you have a board design ready?

If you had bothered reading the OP before blathering FUD, you would already know the answers to those questions.   

Rather than respond in public, schwab is pestering me with PMs.

LOL, what an idiot.  Makes me miss the newbie jail.

[Syke]

Is the price right? Yes. Does the J/GH ratio still sucks? Absolutely. Does trusting them with a 20-days preorder window sucks as well? Yes.

Sorry cedivad, but the price is horrible for a low efficiency, pre-order, diy kit. Are you sure your BCT account wasn't hacked?

[cedivad]

Is the price right? Yes. Does the J/GH ratio still sucks? Absolutely. Does trusting them with a 20-days preorder window sucks as well? Yes.

Sorry cedivad, but the price is horrible for a low efficiency, pre-order, diy kit. Are you sure your BCT account wasn't hacked?

By the price being right, I mean that it's the lowest possible that can be offered without having the Chinese manufacturer loosing money in this too.
I have no idea of what the right price for hardware is nowadays. I'm not even sure there to be a price. Is $0.01/GH a price? Because that's the price I might be buying at, with tomorrow delivery and 60-days payment.

Unfortunately, it's me. But I'm just a messenger. Again, I don't get a cent off this, I'm only trying to propose what was proposed to me, in the most transparent way possible, since that everyone else decided that proposing this thing to the community was only time lost, so they gave up even before trying.

[Syke]

By the price being right, I mean that it's the lowest possible that can be offered without having the Chinese manufacturer loosing money in this too.

Then it's DOA. There's no place in the market for it.

[iCEBREAKER]

Is the price right? Yes. Does the J/GH ratio still sucks? Absolutely. Does trusting them with a 20-days preorder window sucks as well? Yes.

Sorry cedivad, but the price is horrible for a low efficiency, pre-order, diy kit. Are you sure your BCT account wasn't hacked?

Maybe mounting a cooling head to a bolster plate is hard for you, but many of us find it easy and have lots of practice from overclocking our video cards.

Just because the efficiency isn't the best doesn't make it "low."  1W/GH is better than many other ASICs on the market, and you can always underclock to make it better.

$250 for a 750GH Yoli kit is a great deal.  The price isn't "horrible" just because you can name one supposedly superior Bitmain product which may be shipping soon.

cedivad is doing all of us HF creditors a favor by organizing this group buy, and you fling poo at him like some kind of deranged chimp.   

[Syke]

The price isn't "horrible" just because you can name one supposedly superior Bitmain product which may be shipping soon.

Bitmain is shipping sooner, has better power efficiency, is lower cost, comes fully assembled. HF loses on all accounts. There's no intelligent reason to chose HF over Bitmain. That makes it a horrible choice.