Topic: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 58. (Read 378562 times)
January 01, 2014, 12:33:03 PM
Icedrill has probably a different contract than the one we have.
January 01, 2014, 11:17:10 AM
...I can confirm that this exact unit is en-route ...
Only one? Wow, what an enormous hashing power 
January 01, 2014, 11:07:38 AM
I can confirm that this exact unit is en-route (via Fedex International Priority) to the IceDrill research/engineering facility where it will undergo rigorous evaluation. ETA: Friday 3 Jan.
December 31, 2013, 11:10:00 PM
Yep, shipping IceDrill ASICS to their customers to save face. Unfortunate
IceDrill was the earliest HF customer, so it makes sense for them to get the first units.
December 31, 2013, 06:12:50 PM
Yep, shipping IceDrill ASICS to their customers to save face. Unfortunate
December 31, 2013, 06:09:40 PM
December 31, 2013, 06:03:52 PM
December 31, 2013, 01:13:26 PM
Will, appreciate the update pulse. Thank you.
Good luck with all your efforts in keeping HF to their word: http://www.reddit.com/r/Bitcoin/comments/1u2a3m/running_timeline_of_hashfasts_actions_lies_and/cee2gn7
Good luck with all your efforts in keeping HF to their word: http://www.reddit.com/r/Bitcoin/comments/1u2a3m/running_timeline_of_hashfasts_actions_lies_and/cee2gn7
December 31, 2013, 12:50:35 PM
Thanks will, keep at 'em.
December 31, 2013, 11:06:32 AM
Hi All
An update from our side:
1. We've not yet started mining.
2. We're still in daily contact with Hashfast regarding our order, its delivery and any accommodation(s) for possibly missing the guaranteed delivery date.
3. We do not expect to start mining in the current difficulty period (http://allchains.info/ estimates the next difficulty retarget in ~ 1d 15h).
Apologies for not being able to say more at this time, publically sharing sensitive information now would probably adversely affect our position. We can confirm that we will not take actions that would waive our statutory or contractual rights.
An update from our side:
1. We've not yet started mining.
2. We're still in daily contact with Hashfast regarding our order, its delivery and any accommodation(s) for possibly missing the guaranteed delivery date.
3. We do not expect to start mining in the current difficulty period (http://allchains.info/ estimates the next difficulty retarget in ~ 1d 15h).
Apologies for not being able to say more at this time, publically sharing sensitive information now would probably adversely affect our position. We can confirm that we will not take actions that would waive our statutory or contractual rights.
December 31, 2013, 02:12:39 AM
I'm waiting as well...please
December 31, 2013, 01:47:50 AM
Icedrill should give us official update on latest status. Don't make us guessing.
+1 Yes please.
December 31, 2013, 01:45:59 AM
Icedrill should give us official update on latest status. Don't make us guessing.
December 30, 2013, 12:58:32 PM
No it is not.
Peta?If we guess right, will you say so?
Nope, if the owner or owner(s) of the address wants to come out they can but I'm just trying to cut the guessing out. 
December 30, 2013, 12:56:00 PM
No it is not.
Peta?If we guess right, will you say so?
December 30, 2013, 11:11:18 AM
Could this be the IceDrill? http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX
No it is not.
December 30, 2013, 10:36:49 AM
Could this be the IceDrill? http://eligius.st/~wizkid057/newstats/userstats.php/1Nbq2XZaRsKknf5fcT2wTXvBS31PaUWSeX
December 30, 2013, 12:00:43 AM
Well we have clarification somewhat now.
I have no idea if IceDrill did receive their units yet (Assuming no because no mining) They will be missing the shipping deadline from HashFast and be entitled to a refund but it would only be available in USD.
Hopefully there will be an update from IceDrill soon regarding this latest information.
Looks like IceDrill is now missing about 2months worth of mined bitcoins of reduced difficulty (Nov+Dec) -- based on the promised availability of HashFash's Hardware.Quote
Hi Everyone,
We will be kicking off Batch 1 shipments in the next few days. Stay tuned for more updates from HashFast engineering on twitter.
Batch 1 customers who would like to initiate a voluntary refund request, can do so by sending the following information to: [email protected]. Please note this is a request only and not a guarantee of refund eligibility. As orders were priced in USD, refunds will be issued in the equivalent amount of USD. If a refund is to be paid in BTC, the USD to BTC market exchange rate on the date of refund will be used to calculate the amount of BTC to be refunded.
Batch 1 Order number
Product & Quantities for your order. If you have multiple orders please group by order number.
Full Name
Shipping Address
Method of Payment (wire transfer, direct BTC transfer, bitpay)
Confirmation that you understand USD order totals that were originally paid with BTC can be refunded in BTC at the USD to BTC market exchange rate on the date of refund.
Next, our customer service team will deliver you the necessary documents to complete the refund request, which you will need to sign and return to us.
Please direct questions regarding this process and items 1-6 to [email protected] Subject line: REFUND QUESTION.
ONLY EMAIL [email protected] if you are sure you want to request a refund and can provide the information specified in #1-5 above plus your confirmation to #6 also above.
We hope everyone is enjoying the holidays. Again please visit us on twitter for the latest HashFast engineering updates.
Happy Holidays!
The HashFast Team
We will be kicking off Batch 1 shipments in the next few days. Stay tuned for more updates from HashFast engineering on twitter.
Batch 1 customers who would like to initiate a voluntary refund request, can do so by sending the following information to: [email protected]. Please note this is a request only and not a guarantee of refund eligibility. As orders were priced in USD, refunds will be issued in the equivalent amount of USD. If a refund is to be paid in BTC, the USD to BTC market exchange rate on the date of refund will be used to calculate the amount of BTC to be refunded.
Batch 1 Order number
Product & Quantities for your order. If you have multiple orders please group by order number.
Full Name
Shipping Address
Method of Payment (wire transfer, direct BTC transfer, bitpay)
Confirmation that you understand USD order totals that were originally paid with BTC can be refunded in BTC at the USD to BTC market exchange rate on the date of refund.
Next, our customer service team will deliver you the necessary documents to complete the refund request, which you will need to sign and return to us.
Please direct questions regarding this process and items 1-6 to [email protected] Subject line: REFUND QUESTION.
ONLY EMAIL [email protected] if you are sure you want to request a refund and can provide the information specified in #1-5 above plus your confirmation to #6 also above.
We hope everyone is enjoying the holidays. Again please visit us on twitter for the latest HashFast engineering updates.
Happy Holidays!
The HashFast Team
I have no idea if IceDrill did receive their units yet (Assuming no because no mining) They will be missing the shipping deadline from HashFast and be entitled to a refund but it would only be available in USD.
Hopefully there will be an update from IceDrill soon regarding this latest information.
Can anyone calculate how much that is?
Anyhow, here's will's post, I believe refunds will be in BTC:
...
Working with Hashfast is ongoing, I'm in touch with them at least twice a week, and will share what information I can when I can.
I can confirm that there is a guaranteed delivery date (refund date). And that we did pay in BTC. Both these points are public knowledge.
Working with Hashfast is ongoing, I'm in touch with them at least twice a week, and will share what information I can when I can.
I can confirm that there is a guaranteed delivery date (refund date). And that we did pay in BTC. Both these points are public knowledge.
December 29, 2013, 07:42:19 PM
Well we have clarification somewhat now.
I have no idea if IceDrill did receive their units yet (Assuming no because no mining) They will be missing the shipping deadline from HashFast and be entitled to a refund but it would only be available in USD.
Hopefully there will be an update from IceDrill soon regarding this latest information.
Quote
Hi Everyone,
We will be kicking off Batch 1 shipments in the next few days. Stay tuned for more updates from HashFast engineering on twitter.
Batch 1 customers who would like to initiate a voluntary refund request, can do so by sending the following information to: [email protected]. Please note this is a request only and not a guarantee of refund eligibility. As orders were priced in USD, refunds will be issued in the equivalent amount of USD. If a refund is to be paid in BTC, the USD to BTC market exchange rate on the date of refund will be used to calculate the amount of BTC to be refunded.
Batch 1 Order number
Product & Quantities for your order. If you have multiple orders please group by order number.
Full Name
Shipping Address
Method of Payment (wire transfer, direct BTC transfer, bitpay)
Confirmation that you understand USD order totals that were originally paid with BTC can be refunded in BTC at the USD to BTC market exchange rate on the date of refund.
Next, our customer service team will deliver you the necessary documents to complete the refund request, which you will need to sign and return to us.
Please direct questions regarding this process and items 1-6 to [email protected] Subject line: REFUND QUESTION.
ONLY EMAIL [email protected] if you are sure you want to request a refund and can provide the information specified in #1-5 above plus your confirmation to #6 also above.
We hope everyone is enjoying the holidays. Again please visit us on twitter for the latest HashFast engineering updates.
Happy Holidays!
The HashFast Team
We will be kicking off Batch 1 shipments in the next few days. Stay tuned for more updates from HashFast engineering on twitter.
Batch 1 customers who would like to initiate a voluntary refund request, can do so by sending the following information to: [email protected]. Please note this is a request only and not a guarantee of refund eligibility. As orders were priced in USD, refunds will be issued in the equivalent amount of USD. If a refund is to be paid in BTC, the USD to BTC market exchange rate on the date of refund will be used to calculate the amount of BTC to be refunded.
Batch 1 Order number
Product & Quantities for your order. If you have multiple orders please group by order number.
Full Name
Shipping Address
Method of Payment (wire transfer, direct BTC transfer, bitpay)
Confirmation that you understand USD order totals that were originally paid with BTC can be refunded in BTC at the USD to BTC market exchange rate on the date of refund.
Next, our customer service team will deliver you the necessary documents to complete the refund request, which you will need to sign and return to us.
Please direct questions regarding this process and items 1-6 to [email protected] Subject line: REFUND QUESTION.
ONLY EMAIL [email protected] if you are sure you want to request a refund and can provide the information specified in #1-5 above plus your confirmation to #6 also above.
We hope everyone is enjoying the holidays. Again please visit us on twitter for the latest HashFast engineering updates.
Happy Holidays!
The HashFast Team
I have no idea if IceDrill did receive their units yet (Assuming no because no mining) They will be missing the shipping deadline from HashFast and be entitled to a refund but it would only be available in USD.
Hopefully there will be an update from IceDrill soon regarding this latest information.
December 27, 2013, 11:19:51 AM
A statement from IceDrill management would be very welcome.
Certainly.And can the management please keep this in mind -- and find some VERY GOOD lawyers to tackle the disaster:
Quote
This is a reminder to everyone to not enter into any new agreement with HashFast without consulting your lawyer. Their strategy is likely to roll-over old contracts into new ones, containing better protection for HashFast against legal action and remove more and more rights from customers.
For the same reason the MPP has to be viewed with scrutiny, as it is an independent contract not necessarily connected to the original purchase (dependent on the circumstance on acquiring it) and potentially subject to different TOS.
HashFast is likely preparing a wealth transfer scheme from new customers to old customers. They have to do this because they created a huge liability with their failure to deliver as promised (which they most likely deliberately took into account) and they do not want to cover the bill. Note that this scheme can be sustained as long as the market for mining equipment is expanding and HashFast can sufficiently scale the customer base. Eventually they need to collapse the Ponzi and leave some customers damaged.. but at that time those customers will have no repercussions against HashFast (since their TOS and communications are cured by that time).
This sounds like an awful thing to say but early customers are best off in case their Ponzi works and they can strip enough wealth from later customers to compensate earlier customers. HashFast will get rich in the process.
Don't expect to get much help from the legal system if you do not sufficiently protect yourself. Early customers have enough of a case to make it difficult for HashFast to defend themselves, which provides them with an incentive to simply pay early customers off in terms of additional hardware over long periods of time, but anyone who is entering a contract now will have a hard time fighting anything.
For the same reason the MPP has to be viewed with scrutiny, as it is an independent contract not necessarily connected to the original purchase (dependent on the circumstance on acquiring it) and potentially subject to different TOS.
HashFast is likely preparing a wealth transfer scheme from new customers to old customers. They have to do this because they created a huge liability with their failure to deliver as promised (which they most likely deliberately took into account) and they do not want to cover the bill. Note that this scheme can be sustained as long as the market for mining equipment is expanding and HashFast can sufficiently scale the customer base. Eventually they need to collapse the Ponzi and leave some customers damaged.. but at that time those customers will have no repercussions against HashFast (since their TOS and communications are cured by that time).
This sounds like an awful thing to say but early customers are best off in case their Ponzi works and they can strip enough wealth from later customers to compensate earlier customers. HashFast will get rich in the process.
Don't expect to get much help from the legal system if you do not sufficiently protect yourself. Early customers have enough of a case to make it difficult for HashFast to defend themselves, which provides them with an incentive to simply pay early customers off in terms of additional hardware over long periods of time, but anyone who is entering a contract now will have a hard time fighting anything.
https://bitcointalksearch.org/topic/m.4163764
Jump to: