Topic: CoinTerra announces its first ASIC - Hash-Rate greater than 500 GH/s - page 73. (Read 231002 times)

Allow me to introduce you to the concept of PARAPHRASING:

That's a nice term you made up, but that was never HashFast's claim.

You're talking as if it's six months from now.

HashFast just got their first machine hashing today.

This isn't over, it's just begun!

Do you really think HashFast isn't going to make up for their delay?

Do you really think HashFast doesn't want to reclaim the enthusiasm and popularity they enjoyed before suffering a couple of normal, entirely predictable delays?

Give them a chance to get the production line rolling and have some solid figures to work with.

They can't tell us how the delay compensation will work until those variables are evaluated.

The fact that you are attacking them makes you no better than crybabies like cedavid.   

HashFast blatantly lied about delivery schedule.  They didn't even have the chips from the foundry until after their "anticipated ship date".  HashFast 100% knew from day 1 there is no possible way they could ship in October.  Period.  They could have been honest and sold rigs for late Dec delivery and a much lower price.  But they LIED to their customers so they could charge $12+ per GH/s rather than $3 per GH/s.


There was no mention of 31 DEC anywhere on their website, their TOS, the contract, the order form, or the invoice prior to 15 AUG.  I have an entire copy of their pre August 15th website and TOS.  HashFast lied to customers and then changed the terms after the fact when they realized the existing terms didn't give them an "out" on that lie.  They lied because they wanted to sell "Oct delivery" units at Oct delivery prices.  They "could" have sold Dec delivery units but that would have required much lower prices.

It is fraud, no ifs, ands, or buts about it.

fraud (noun)
1. wrongful or criminal deception intended to result in financial or personal gain.

They criminally deceived their customers using false claims in order to gain from that deception.  Oct delivery was not possible.  It wasn't that it was too optimistic, it is IMPOSSIBLE.  They knew that, made the claim anyways because $12 per GH/s means a lot more millions in their pocket then $3 per GH/s.


However if you provide an anticipated delivery date which is AFTER your contracted delivery date from the foundry then you have lied.  Not meeting a deadline is a different thing than promising a deadline which is utterly impossible.  The terms prior to 15 AUG had no mention of 31 DEC.  Period.  I have filed for arbitration.  I will never profit from that, the cost will only mean a larger losss but it is the principal of the matter.  They committed fraud to enrich themselves at the expense of their customers. 


Doesn't change the fact that HashFast lied to their customers to overcharge for products they had no ability to deliver.  They increased their selling price 400% at the expense of the customers they lied to.  The fact that you defend them makes you a tool.

"Stealing?"

When you voluntarily give someone something in exchange for their money, it's called 'selling' not "stealing."

You made the decision to fixate on the earliest possible ship date.

You made the decision to stubbornly insist the earliest possible ship date was some kind of deadline.

You made the decision to start calling hardware not delivered on the earliest possible date 'late.'

Those are *YOUR* mistakes.  Please own them, and stop whining like a little girl.

In other words, no, you don't understand the definition of "generation" in the context of integrated circuits.

$6/GH from a real HashFast chip is a much better value than $3/GH from Cointerra's vaporware.  Being months behind HashFast doesn't magically make CoinTerra's chip any more next-gen than LabKen's.    

BTW, I responded to your PM requesting my wallet address.  Are you going to send me a Xmas present?  

So how do you classify stealing by promising delivery times they knew would have not been met even in the best case scenario?

Calm down D&T.  This is just an internet forum and you should lighten up.   

HashFast hasn't done anything to its early customers except work their asses off to make us the best Bitcoin mining ASIC ever created.

No product is late until it fails to ship by Dec 31.

You of all people know better than to fixate on the most optimistic earliest physically possible (IE initially "anticipated") ship date.

Man up and take some personal responsibility.  You don't get huge potential reward without commensurate risk.

Stop whining and demanding HashFast put you in a win-win situation at their expense.   

Right now I'm looking at Cost/$ and I see $6/GH for Hashfast and $3/GH for Cointerra.
With a doubling network hash rate every month, HASHFAST would HAVE to be a month earlier than Cointerra just to compete on the same level. 

Comparing the two companies' 3rd gen 28nm ASICs is a perfectly valid exercise.  Friedcat is irrelevant, because his blades are 1st gen.

Please provide factual evidence to support your opinion that "Hashfast is a generation behind Cointerra."

Oh wait, you can't.  Do you even understand what a "generation" means in the context of ASICs?

HashFast is much further along with their 4th gen, sub-28nm chip than Cointerra:

Cointerra has barely hired the team for theirs, while HashFast should tape-out in a month or two.  

?  Both use 28nm, both use large multi-GH dies, both use watercooling (made by the same company) to handle the thermal load, both have comparable power efficiency.
That is a generation behind?  

That being said iCEBREAKER is just a tool.  HF completely fucked over its early customers (himself included) and it remains to be seen exactly when any customer will get product in their hands producing revenue. So the idea that he holds them out as some kind of superior champion is well ... just stupid.

Hashfast is also a generation behind Cointerra..
Hashfast SHOULD be out faster, since the cost/GH is much much higher. 
Anyways, I want Hashfast to succeed because I"m invested in Icedrill, but this comparison is dumb.. they aren't competing in the same market. 

You don't see us waving around eruptor blades, "hey look, friedcat delivered wayyy before you guys!"
 

You guys are so delusional.

There will be no December Cointerra deliveries.

Their chips won't be done until mid January.

The earliest I expect to see them in the wild is mid February.

Meanwhile, HashFast is showing the entire world their WORKING BABY JET!!!

I'm also interested in hearing what the plan is for January orders compared to December orders.

+1

I guess thats a little better than two weeks 

If they want to be in it for the long haul then they better make their current customers happy because with the price going up like this their major target customers will be bitcoin holders

If anybody is still trying to get a refund for January units I'll just buy the orders off of you.  Doubt many people want to sell at this point though.
My real question is if the December units don't show up I till he second week of January and it cost me 3x as much as a January unit...then is cointerra going to delay shipment of our January units?  There has to be a gap but then if they wait and gap it other manufacturers will be dumping hash rate like crazy at that time.  If they decide to ship back to back maybe they should just ship more hash rate to the December orders or something so December orders don't feel extra stupid.  In retrospect I would have likely been better off getting only January units.

you're giving them excuses... go away

Ummm...I like to think about worst case scenario so:
end of DEC = the 31st
7-10 days = 10 days
So JAN 10th at the soonest + 2 or more days for shipping = Jan 12th arriving on customers doorsteps.
I don't imagine that they'll be getting out all the orders on days one, which is why I speculated the 2nd & 3rd week of January......it's not rocket science.