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Topic: [$0.35/GH] Bankrupted HashFast Hardware Sale - page 2. (Read 5389 times)

legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
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.

you are an idiot. he just laid out in very clear terms why his post about FPGAs (which you dragged up from 2 years ago to prove an incorrect point) was correct, and that FPGAs at the time of his post were not actually a good idea. I can back that up, because the GPU values stayed, and FPGAs all went to worthlessness the second ASICs arrived.

point is that hashfast has a terrible reputation, and a poor price. Bitmain ships on time. You are shilling like crazy for godknowswhy
legendary
Activity: 2128
Merit: 1005
ASIC Wannabe
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.
I think it to be way less than 30%, and CEO, CTO, CRO are still being paid a total of around $50k a month in salaries, there will be priority claims, lawyer expenses, etc, before coming down to standard claims. So basically I won't be seeing even a billionth of that amount.

So it's not about giving money to HF creditors, since that it's not gonna happen.

In the best case scenario it is about building trust so that HF can take another round of preorder in the future when their rev4/rev5 will be ready. We have paid them to work on it for months, but naturally they won't give us status updates.

NOOOOPE
legendary
Activity: 1176
Merit: 1001
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.
I think it to be way less than 30%, and CEO, CTO, CRO are still being paid a total of around $50k a month in salaries, there will be priority claims, lawyer expenses, etc, before coming down to standard claims. So basically I won't be seeing even a billionth of that amount.

So it's not about giving money to HF creditors, since that it's not gonna happen.

In the best case scenario it is about building trust so that HF can take another round of preorder in the future when their rev4/rev5 will be ready. We have paid them to work on it for months, but naturally they won't give us status updates.
legendary
Activity: 2128
Merit: 1119
I am sure if someone was dumb enough to order FailFast would screw it up. How anyone could even consider them blows my mind. They should just sell in hand chips to people like Mr. Teal / TechnoBit and let them handle it.
hero member
Activity: 857
Merit: 1000
Anger is a gift.
They really aren't making any margins, in fact they're almost certainly losing money. It's just about mitigating loss. Right now they have a bunch of stuff with somewhat unknown value (the chips themselves, IP) and some stuff with a known value that's difficult to recover (coolers, fans, cases, long leadtime PSU parts, etc). If (example only, I don't know the numbers so don't take this as a real value) you've paid $200 per kit of stuff and can spend another $150 in order to sell it for $260, you've essentially turned $200 in parts into $110. Yeah you lose money, but it's better than liquidating them for pennies or letting them sit on the shelf for another 6 months.

I get what you are saying with the fans and watercooling stuff. They do have chips and want to use us to make 2000 boards with there chips. So they gotta be making something in there. Nobody is gonna just give chips away. Yeah the price may be slashed, just to get some value, but I doubt HF would get all these boards built if there is not something in there for HF.

I know you have a rough estimate of what these boards cost to get made.  Grin
legendary
Activity: 1274
Merit: 1004
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.
They really aren't making any margins, in fact they're almost certainly losing money. It's just about mitigating loss. Right now they have a bunch of stuff with somewhat unknown value (the chips themselves, IP) and some stuff with a known value that's difficult to recover (coolers, fans, cases, long leadtime PSU parts, etc). If (example only, I don't know the numbers so don't take this as a real value) you've paid $200 per kit of stuff and can spend another $150 in order to sell it for $260, you've essentially turned $200 in parts into $110. Yeah you lose money, but it's better than liquidating them for pennies or letting them sit on the shelf for another 6 months.
legendary
Activity: 1904
Merit: 1007
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.

It's the only way the customers are ever going to see any money from HashFail. Even if it's pennies for the dollars that they've spent it's better than nothing and it seems that this is the legal bankruptcy way after eating 15M$ and producing nothing. (oh yeah lots of failed PCBs and lots of useless and inefficient chips)

Idiot icetard is looking very much like retard Inaba at this point. BFL was claiming that they are a good company just because they have 45k customers, but just like in HF's case everyone is trying to stay away from both companies no matter how much the cock-suckers sock-puppets praise the companies.
hero member
Activity: 857
Merit: 1000
Anger is a gift.
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.
legendary
Activity: 1904
Merit: 1007
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.
sr. member
Activity: 266
Merit: 250
Is this basically like giving HashFast another chance? Why would we do that?
legendary
Activity: 3878
Merit: 1193
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.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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.
legendary
Activity: 3878
Merit: 1193
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!   Cheesy

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.
full member
Activity: 195
Merit: 100
Mining since bitcoin was $1
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.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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!   Cheesy
legendary
Activity: 3878
Merit: 1193
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.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
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.
legendary
Activity: 2212
Merit: 1001
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  Roll Eyes

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..............

legendary
Activity: 2128
Merit: 1119
LOL at comparing Bitmain to FailFast...
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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.

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