[$0.35/GH] Bankrupted HashFast Hardware Sale

[RoadStress]

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.

icebreaker can't understand how come the fastest chip in the world isn't selling. Everyone must be stupid since they are not buying the worlds fastest chip...

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[iCEBREAKER]

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.

Why not order from both HF and Bitmain?

Have fun with your Bitmain pre-order.  I'm sure you'll get all worked up and emotionally overwrought when they inevitably make a mistake.

Not everyone is a Debbie Downer like you.  Many of us want to place bets on BTC testing and exceeding its previous ATH.

Remember when you were discouraging people from mining with FPGAs?   

Typical performance should be 850 MH/s. (The prototype achieves 870 MH/s.)

Prices are:
1..4 units: 999 EUR (1355 USD)

It's great to see a quad board, but...

850 MH/s @ $5 per btc = $82/month (ignoring power costs).

$1355/82 = 16.5 months to break even...

but it gets worse, in 8 months the btc reward will drop in half. Unless the price of bitcoins doubles when the reward drops, this product will need roughly 2 full years to break even, even without taking into consideration power costs.

LOL, thanks for that great advice Negative Nancy!

[Syke]

Why not order from both HF and Bitmain?

Because you lower your profitability. But hey, if you've got so much money that you don't care about profitability, they go for it! You're the perfect HF customer.

[iCEBREAKER]

Why not order from both HF and Bitmain?

Because you lower your profitability. But hey, if you've got so much money that you don't care about profitability, they go for it! You're the perfect HF customer.

Unless Bitmain has some problem with components, logistics, customs, certifications, firmware, drivers, etc.  (IOW all the things that cause HF and the rest to delay).

I understand that Bitmain currently still enjoys a shiny new reputation, but you need to realize that every new ASIC company was seen as the savior until they inevitably dropped the ball on something.

Your Manichean hero/villain classification system is silly, and just sets you up for repeated disappointments. 

No wonder you gave ztex such awful advice.  You discouraged him from mining hundreds of BTC, because you believed your own FUD about "ZOMG REWARD HALVING ZOMG POWER COSTS ZOMG 2 YEARS TO BREAK EVEN."

It's a good thing that not all of use are so short sighted and obsessed with risk aversion.   

[Grix]

Keep in mind these

1) Doesn't include PSU, shipping, screws or standoffs

2) Comes disassembled

3) No warranty or support because the company doesn't exist any more

4) That price assumes overclocking that not everyone will be able to achieve. Standard performance of 700GHps means over $0.41/GHps

5) Will take *at least* a week before it is shipped, and that is after GB is finalized, I'm guessing these won't be in the customers hands until at least 3 weeks to a month from now


I'd pay no more than $0.2/GHps under these conditions.

[Syke]

Unless Bitmain has some problem with components, logistics, customs, certifications, firmware, drivers, etc.  (IOW all the things that cause HF and the rest to delay).

I understand that Bitmain currently still enjoys a shiny new reputation, but you need to realize that every new ASIC company was seen as the savior until they inevitably dropped the ball on something.

And to think I almost put you on ignore. You are hilarious! There's nothing "new" about Bitmain. They've done multiple generations of chips and shipped so many units you can't comprehend. No one does logistics better than they do. The few times they did drop the ball they fessed up and offered compensation.

[tarmi]

dont put people on ignore, you just miss all the fun.

consider also this when buying old stuff: bitfury is about to make new 28 nm chip.

[iCEBREAKER]

Bitmain are Heroes!  They are our One True ASIC Saviors and will never let us down!  The sun shines out of their asses!

Bitmain forever!  Rah-rah-rah!

See?  There's that Manichean hero/villain classification system I just warned you about.

[Blazed]

LOL at comparing Bitmain to FailFast...

[Unacceptable]

Looking farther down the road,take this into account before buying any mining gear:

http://www.bloomberg.com/news/2014-10-21/bitcoin-miner-ditches-clients-to-chase-2-billion-coding-prize.html

KnC is going to do ANYTHING it can to OWN ALL the bitcoins.............so IMO,BTC mining in any location other than .02 cents kwh colo will be made obsolete very,very soon 

You think they will hold their BTC to keep the price up,not me,they'll dump daily all they make,further suppressing the price of BTC..............

[philipma1957]

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.

this needs to be less then bitmain's s-3 price on ebay.

which is around 240 -265
 More then 6 or 7 sellers will ships an s-3 to you in about 2 days. And you get ebays return policy if they do not run. and you can pay with a cc.

this deal would be okay if it was 200 with a 100 piece minimum.   but 260 and 2000 pieces it is a no go.

[Syke]

See?  There's that Manichean hero/villain classification system I just warned you about.

Since you have no actual arguments, you must be conceding that I was right all along. Thanks.

[iCEBREAKER]

Since you have no actual arguments, you must be conceding that I was right all along. Thanks.

Yes, that was great advice when you told ztex not to mine hundreds of BTC with an FPGA, because of your overweening risk aversion.

Typical performance should be 850 MH/s. (The prototype achieves 870 MH/s.)

Prices are:
1..4 units: 999 EUR (1355 USD)

It's great to see a quad board, but...

850 MH/s @ $5 per btc = $82/month (ignoring power costs).

$1355/82 = 16.5 months to break even...

but it gets worse, in 8 months the btc reward will drop in half. Unless the price of bitcoins doubles when the reward drops, this product will need roughly 2 full years to break even, even without taking into consideration power costs.

You are clearly the master of FUD and we should all listen to your wisdom!   

[warrensgun]

they  might want to reach out to megabigpower or some other company that wants all of it.  If you could put several of these in a case - then surely there should be same way to cut the price of the BOM down so that it makes sense.

[Syke]

Yes, that was great advice when you told ztex not to mine hundreds of BTC with an FPGA, because of your overweening risk aversion.

Typical performance should be 850 MH/s. (The prototype achieves 870 MH/s.)

Prices are:
1..4 units: 999 EUR (1355 USD)

It's great to see a quad board, but...

850 MH/s @ $5 per btc = $82/month (ignoring power costs).

$1355/82 = 16.5 months to break even...

but it gets worse, in 8 months the btc reward will drop in half. Unless the price of bitcoins doubles when the reward drops, this product will need roughly 2 full years to break even, even without taking into consideration power costs.

You are clearly the master of FUD and we should all listen to your wisdom!   

You really wanna go there? Ok. Watch and learn.

1x ztex: $1355 for 850 MH/s in Apr 2012. $1.6/MH
2x Icarus: $1138 for 760 MH/s in Feb 2012. $1.5/MH

Icarus boards were cheaper and started mining months in advance of ztex. Ztex was overpriced and late. Hmm, just like HF now. No wonder you like ztex.

PS: A ztex board would have mined about 100 btc over its life. Had you purchased bitcoins instead you would have had over 200 btc. ztex again was the loser.

PPS: GPUs were getting double the performance for the same price with plenty of resell value afterwards. That's who got all the bitcoins back then.

[iCEBREAKER]

You really wanna go there? Ok. Watch and learn.

1x ztex: $1355 for 850 MH/s in Apr 2012. $1.6/MH
2x Icarus: $1138 for 760 MH/s in Feb 2012. $1.5/MH

Icarus boards were cheaper and started mining months in advance of ztex. Ztex was overpriced and late. Hmm, just like HF now. No wonder you like ztex.

PS: A ztex board would have mined about 100 btc over its life. Had you purchased bitcoins instead you would have had over 200 btc. ztex again was the loser.

PPS: GPUs were getting double the performance for the same price with plenty of resell value afterwards. That's who got all the bitcoins back then.

You do a fantastic job of using FUD to make 'perfect' and 'best' the mortal enemy of 'good enough.'

Any mining back then was well worth it.  You can snivel about how your baby was the cutest, but the point is that we may still be in that situation, so you could well be wrong about HF being a "horrible" choice.

[Syke]

You do a fantastic job of using FUD to make 'perfect' and 'best' the mortal enemy of 'good enough.'

Any mining back then was well worth it.  You can snivel about how your baby was the cutest, but the point is that we may still be in that situation, so you could well be wrong about HF being a "horrible" choice.

Numbers scare you, don't they. Let me make this simple for you.

Buy Bitmain: Get more bitcoins.
Buy bitcoins: Get more bitcoins.
Buy HF: Get less bitcoins.

More bitcoins vs less bitcoins. The choice is yours.

[zhinkk]

Is this basically like giving HashFast another chance? Why would we do that?

[RoadStress]

Is this basically like giving HashFast another chance? Why would we do that?

Not. This is for trying to repay HF's customers since HF was unable to do it and all they could do it to make some millions vanish.

[daddyfatsax]

Is this basically like giving HashFast another chance? Why would we do that?

Not. This is for trying to repay HF's customers since HF was unable to do it and all they could do it to make some millions vanish.

How much do you think the actual markup is? $260 is pretty cheap. 2000 x 260 = $520,000.00  HF has got to be making at least 30% margins. $156,000 is probably not enough to cover their customers.