Topic: Another HashFast delay (Read 2581 times)

I think those that bought MPP should be crying hard.  what good is the protection when it takes 3 months after delivery?  You were better off buying cheaper units without MPP and get more up front.  3 months + mid December delivery is about 12-14 difficulty changes away.

bad news for baby faps.

@ dbbit:

Where is this information from?? I don´t reveived this in my newsletter and found nothing like that on the official hashfast blog!?

Is this delivery date for Batch 1 Sierras or Batch 2? If it is for Batch 2 (November Shipping) 14 days should not be a problem. Even KNC got 14 days delay...

Oh man, another BFL in the making? Maybe if they ship in december its still not as bad as BFL but still it sucks....

I really feel sorry for those who spent their entire saving to pre-order the miners hoping to make 5 figure income in a few months...  Now the machines will produce some coins but not enough to pay off what they invested in.

More and more are listed on Ebay and sad part is, many people are falling for it with the ads saying it's a pre-orderred item in the top que and when they get the machine it will produce $100-$1000 a day depends on the ads

Poor guys..

If they are reasonable GH/S rate, I will give them some $$$ back for the machines they have no intentions of using but, so far, everyone want to sell them with premium price.  I wander if those guys thought about charge backs and Paypal&Ebay disputes after the buyers actually realized, the sellers pulled the same scams on the new buyers?

The companies may have enough money to defend themselves from the crazy profits they made from non-refundable BTC payments,but the sellers who are unfaithfully selling the bad investment to unsuspected buyers can afford their own lawyer to defend themselves?  The poor buyers on ebay or craigslist who spend their chunk of savings on the false advertisement thinking they can make $10,000 investment into $20,000 when the machine may return $1,000 - $3,000 with the current difficulties and for sure the increased difficulties in the very near future.  Is it worth trashing your own decently rated ebay accounts to resell your loss?

but I guess that is the consequence of the capitalist free worlds!  Strong eat weak to survive

I do agree that hashing increases can't keep on indefinitely, however any miner acquired at todays prices and received in the months time will be nothing more then expensive coffee tables in 7 months.

It will be interesting to who was more accurate on this I hope you right and I am wrong ofc.

And you can read my post of why that can't happen...
https://bitcointalksearch.org/topic/dollars-spent-in-increasing-network-speed-327448


However, let's leave the typical "I should be the only person to be allowed mining and all your other f*****s should stop buying miners and increasing my difficulty" comments for other threads. This is just about the HashFast delivery.

Very unlucky, mining really is becoming a fools game.

You can read my post on the destruction of GH/s values, a decrease of a 1000% in 7 months.

https://bitcointalksearch.org/topic/ghs-value-to-halve-every-month-ghs-traded-independently-of-value-on-cex-327604

"Fixed that for you" lol, I just adjusted your statement a little bit.

if it deliver the MPP after 90 days, the difficulty might have gone up 10 times... Its as good as not giving....

What FTFY means??

Cant stop being a conspiracy theorist but isnt it uncanny that this announcement comes after the huge spike in btc/usd increases the past few days?

FTFY

Oh no, not again.. those without miners protection is going to cry hard.....

Yeah I'm not exactly sure how the miner protection plan is going to help recoup losses based from delayed shipping either.

Hopefully the protection would kick in immediately at the end of January instead of actual delivery date + 90 days.   But it's not 100% clear from the email.


Though, come to think of it, the protection at the end of January will still require that you buy 4 rigs in order to host the MPP chips they'll send you. The rigs looks like they'll be around $1000 each, so another $4000 to get you up to 2TB at the end of January (at best).

Or you can buy 400ghs of hashing power today for $4000 (cex.io), or even more GHS with physical hardware that's in-stock, and you'll most likely be better off.

I see the protection, but when you wait for that 90 days, then getting 400% more hashing power at that time will not do much good either.  The protection seems better than anyone else on the market, but I would say it would be a true protection if you get that hashing power at the time of the delayed shipping time.

What do you think?  I might be wrong in math.

BFL is starting to look good...


PRODUCTION UPDATE — 11/07/2013
We want to update our customers on the progress of our machine production.
 
Producing a rig as powerful as the Baby Jet or Sierra requires coordination with a host of fabricators and designers — like the machines themselves, it's a lot of moving parts, and fluid timelines.
 
This is the situation:
 
Silicon Wafer Fabbed Out Successfully
The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are en route to San Jose, where they will be cut into individual die. We’ll get photos for you soon.
 
Substrate Update
When we designed our substrates, we knew they'd be one of the most unpredictable segments of the chip's production. Substrate production has a lot of risk — at high power, a substrate can overheat, causing a rig to underperform. While rerunning simulations in Cadence, we saw some concerning currents in some of the vias in the substrate. In order to address that, we've been working closely - every day - with both our substrate designers and our manufacturing house. We’ve made key improvements to the design that can be incorporated even into those substrates that are already in manufacturing. Even so, the latest delivery estimates for the modified, improved substrate design are three weeks from today. This means that we would be shipping our first rigs mid-December.
 
Obviously this is an incredible concern to us, and to you. So for the last several weeks, we've been engaged with an additional team to work on an additional substrate, simultaneous with our existing fabricator. Essentially, we now have two teams racing to produce the best and fastest substrate. As soon as that is done, we'll marry the substrates to the finished wafer and begin assembly of the rigs.
 
Miner Protection Program
For those of you covered under the Miner Protection Program™ (https://hashfast.com/miner-protection-program/), this delay will not affect the starting point from which benefits are calculated. For First Batch Baby Jets, the start date of the program will be retroactive to October 30th. We want to make sure a delayed ship date does not reduce the value of the program.
 
A lot of smart, hardworking people are working incredibly long hours to improve our production schedule. If we are able to ship rigs sooner than expected, we'll do so. And, of course, we'll let you know as we receive further information from our production line.

- The HashFast Team