Topic: all finished - page 19. (Read 44823 times)
I think too that a refund would be the best atm
Aha! Found it - https://hashfast.com/official-update-on-the-miner-protection-program/
The MPP will provide "modules" (i.e. chips on boards) to all those covered by the MPP, which does kind of give away that their initial plan was to send bare chips.
As for when they'll ship... your guess is as good as mine. The hashfast announcement thread (https://bitcointalk.org/index.php?topic=270384.1120) is full of people saying mid-December, Hashfast themselves promised on October 23 to post a "live schedule" that they will "updating in real time" but I sure can't find it anywhere... I'm still hoping for a simple refund, honestly.
Sorry waldohoover, I'd love to be part of your group mining effort, but at this point the delays (even with the MPP) make a refund the preferable outcome.
The MPP will provide "modules" (i.e. chips on boards) to all those covered by the MPP, which does kind of give away that their initial plan was to send bare chips.
As for when they'll ship... your guess is as good as mine. The hashfast announcement thread (https://bitcointalk.org/index.php?topic=270384.1120) is full of people saying mid-December, Hashfast themselves promised on October 23 to post a "live schedule" that they will "updating in real time" but I sure can't find it anywhere... I'm still hoping for a simple refund, honestly.
Sorry waldohoover, I'd love to be part of your group mining effort, but at this point the delays (even with the MPP) make a refund the preferable outcome.
Right on! Let's hope this proves true.
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
Do we know how many GH/s we get for the MPP?
The MPP, as I remember it, was triggered on reaching 90 days post-delivery and not breaking even. You would then be provided with the amount of GH/s required for you to have reached the break even point in that original 90 days. I may have that confused, though.
The other thing is there was some discussion about what would be shipped, if it would be raw chips or assembled boards. I think the ultimate conclusion was shipped boards, but I'm not sure if you can just plug those into the existing miner, or build a new miner with a PSU and just those boards, or how it works.
Break even in the currency we paid the miner for right? In this case our break even is in BTC.
Is there any MPP of MPP? let's say after x days the MPP still does not help reaching break even point.
* I don't know and not ware of what x is (if there is any). They don't mention this anywhere.
After reading up on the MPP page at Hashfast's site (https://hashfast.com/miner-protection-program/):
Break even is calculated in BTC no matter what you paid in. It "activates" 90 days after shipping (not receipt) and will give you 2x the mining power it would have taken for you to break even during the 90 day post-shipping period, up to a maximum of 400% of original hashing speed of the machine.
That one-time activation is it, if things change to the point where it's not possible to break even even with the inclusion of the new hashing power we're just out of luck.
I can't find the confirmation that what would be shipped under the MPP is boards and not just bare chips, but I DO seem to remember seeing that at some point, so maybe take that with a grain of salt or see if you can dig up the confirmation for all of us where I failed to.
And if for some reason the boards shipped can't be simply added to the miners there's always the option of selling them and recouping our costs that way too, I suppose. But there'd be quite a glut of them on the market at that point, since an awful lot of people would be getting MPP boards at the same time.
Right on! Let's hope this proves true.
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
Do we know how many GH/s we get for the MPP?
The MPP, as I remember it, was triggered on reaching 90 days post-delivery and not breaking even. You would then be provided with the amount of GH/s required for you to have reached the break even point in that original 90 days. I may have that confused, though.
The other thing is there was some discussion about what would be shipped, if it would be raw chips or assembled boards. I think the ultimate conclusion was shipped boards, but I'm not sure if you can just plug those into the existing miner, or build a new miner with a PSU and just those boards, or how it works.
Break even in the currency we paid the miner for right? In this case our break even is in BTC.
Is there any MPP of MPP? let's say after x days the MPP still does not help reaching break even point.
* I don't know and not ware of what x is (if there is any). They don't mention this anywhere.
Right on! Let's hope this proves true.
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
Do we know how many GH/s we get for the MPP?
The MPP, as I remember it, was triggered on reaching 90 days post-delivery and not breaking even. You would then be provided with the amount of GH/s required for you to have reached the break even point in that original 90 days. I may have that confused, though.
The other thing is there was some discussion about what would be shipped, if it would be raw chips or assembled boards. I think the ultimate conclusion was shipped boards, but I'm not sure if you can just plug those into the existing miner, or build a new miner with a PSU and just those boards, or how it works.
Hi waldohoover,
reading OP I see:
Thanks
Bye
Piero
reading OP I see:
- 1 Share @ ฿2.5 = 20GH/s hashing power + 3% hosting fee
- Each share entitles the owner to 1/40 of the BTC proceeds from a HashFast Baby Jet
Thanks
Bye
Piero
Right on! Let's hope this proves true.
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
Do we know how many GH/s we get for the MPP?
Right on! Let's hope this proves true.
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
"All Batch 1 BabyJets include MPP. We initialized the MPP early (Oct 31) to make up for the time lost."
https://bitcointalksearch.org/topic/m.3632887
Ship baby, ship!!!
On one hand this bums me out, but on the other hand this means that my KnC Jupiter shares are still cranking out a nice return. But in all honesty, if we don't see anything by next week, we should seriously consider asking them for a refund.
Unfortunately, the only way we're getting a refund is if they do not ship by Dec 31.
Well then we should hope that their chips do indeed start shipping and that the difficulty goes up just enough to trigger some MPP chips coming our way. You're so close to them that we would have a jump on everybody else
On one hand this bums me out, but on the other hand this means that my KnC Jupiter shares are still cranking out a nice return. But in all honesty, if we don't see anything by next week, we should seriously consider asking them for a refund.
That 200 order was proved to be false, HF rep said they were not aware of any orders of that size.
Maybe it was the marketing dept. 
At least we didn't order 200 of them, like someone else out there did. Ouch!
That 200 order was proved to be false, HF rep said they were not aware of any orders of that size.
At least we didn't order 200 of them, like someone else out there did. Ouch!
Maybe it's just me but I have a hard time believing that HF will refund the exact amount of BTC that was paid for the miners. I'm thinking, if they don't push back on refunds to begin with, that they would refund the USD ammount in BTC based on current prices. He'res to hoping for a resolution soon. This is my last endeavor i'm a part of and I'm kicking myself I didn't just hold the BTC.
Thanks Wald for all your hard work and updates.
Thanks Wald for all your hard work and updates.
+1 on both paragraphs.
Maybe it's just me but I have a hard time believing that HF will refund the exact amount of BTC that was paid for the miners. I'm thinking, if they don't push back on refunds to begin with, that they would refund the USD ammount in BTC based on current prices. He'res to hoping for a resolution soon. This is my last endeavor i'm a part of and I'm kicking myself I didn't just hold the BTC.
Thanks Wald for all your hard work and updates.
Thanks Wald for all your hard work and updates.
A refund is starting to sound good - Hope we hear something by Thanksgiving.
Apparently someone in the official Hashfast thread looked into getting a refund....perhaps we should monitor what's going to happen with that? Let's not forget that KNC is going to start shipping a whole bunch of miners in the middle of November which will cause the difficulty to skyrocket again, and if Hashfast fails to deliver then we're going to be in a load of pain even with the MPP and the upgrade kit.
Link to thread: https://bitcointalk.org/index.php?topic=262052.2760
Link to thread: https://bitcointalk.org/index.php?topic=262052.2760
Yeah, I seen that as well.. I'm keeping an eye on it. Still haven't heard back from HF.
Refund option looks prettier with each week passing, but unfortunately I think it's unrealistic. HF explicitly offers no refunds if they deliver before Dec 31st, and if they break that deadline (which they very probably won't) they will have hard time surviving as a company and again realistically no full refunds. I'm not saying we should accept refunds if they would be offered at this moment, just discussing the options. There are two factors against the refunds:
- They would be very probably offered in US$ and not in BTC which makes them useless with current exchange rates,
- It's hard to properly calculate the impact of MPP since the difficulty increase is anybody's guess. It's very probable MPP means 4 more Beby-Jet-hashing-power boards per Baby Jet. MPP ends at end of January, but when these additional boards will be delivered and how much BTC can they mine? I would very much like to see Waldo's estimate how much it will additionally cost per share to put these boards to work since they come bare-bone.
Just want to clarify something. Due to the late delivery, am i safe to assume that the additional Ghash from the MMP will be distributed to shareholders.
Apparently someone in the official Hashfast thread looked into getting a refund....perhaps we should monitor what's going to happen with that? Let's not forget that KNC is going to start shipping a whole bunch of miners in the middle of November which will cause the difficulty to skyrocket again, and if Hashfast fails to deliver then we're going to be in a load of pain even with the MPP and the upgrade kit.
Link to thread: https://bitcointalk.org/index.php?topic=262052.2760
Link to thread: https://bitcointalk.org/index.php?topic=262052.2760
What's your read on the company waldo?
Are you as confident in them as you were when we started the group buy?
I'm really jealous of all the guys with KNC mining shares....
I really hope these guys are serious and not like TerraHash/BFL.
Are you as confident in them as you were when we started the group buy?
I'm really jealous of all the guys with KNC mining shares....
I really hope these guys are serious and not like TerraHash/BFL.
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