Topic: HashFast announces specs for new ASIC: 400GH/s - page 125. (Read 880461 times)

The boards are not $750 each, that's the ripoff price VMC is gonna make you pay. It's way less.
You could get full miners (psu, cooling included) for less than 1$/GH. Yes, less than the antminers people compares everything against and with half the power usage.
You could get them within 10 days. If you accept to take longer than that you could lower the board costs by another $100-150.

That's why I've tried the impossible to accept that chip settlement.

It would have helped me, It would have helped HashLabs, It would have helped other customers.

What HashLabs needs to do is start selling the complete package on their webshop. If you are a current customer, and you have a liability against them, they need to sell you the board (and the ASICs for free) for around $450. As a preorder, but you would known exactly where that money goes and what the delivery times where. If HL was under Chapter 11 it would be even better.

So, you get 700GH for $450. You either mine with it or sell it for twice that price. You flood the market with it, and as long as people are able to pay the board manufacturing costs, HL can put thousands of this out in no time.

You really need to flood the market with them, so that HF could possibly have a future, and you need to do it in no time.

This is the only real way to get value out of the company. If they only have chips, this is the only damn way. I don't say that we need to help the scammers. I say that if the situation is really that bad, we need to cooperate with the scammers that will have anyway their book triple checked during the bankruptcy proceedings that I hope they will accept.

Every "f u" post is really not helping and depressing.

You've thrown thousands of dollars at Hashfast, and now you would accept payment in the form of $100 chips, to which your must further add $749 each in components and assembly, plus power supplies, cooling, shipping, etc.... in order to mine on network that's so big now that that all your calculations about profitability have been thrown out the window several times?

Unless you are a huge customer with huge price leverage on the boards, taking the chips sounds like throwing good money after bad to me.

Nope, the truth and a check for our shares of what little is left is probably best.  And who knows what new information the truth may reveal.

The fundamental mistake that was made was Eddie's arrogance in late 2013, when the company should have come forward with honesty to negotiate with its customers.  Instead, all the way through April 2014, they acted like little pricks.  And even if you believe the recent coming to Jesus, untucked shirt and burn victim routine, it's just too little, too late.

What if??   On another note.  Hashfast may consider some sort of merger with KNC.  Of course HF would get the short end of any such deal but think about HF's customers and what KNC could possibly offer HF customers.  HF may even appeal to KNC to deliver to each HF customer a 4TH machine powered by Yoli's.  Just a thought on my part.  Thought creates reality:-)

Sell chips that are now in stock.  New customers get their chips.  Hashfast pays off the refunds they owe.  We call it a night.

Yes, they need to respect the pyramid scheme!

So at this point, the difficulty is 20x that of what it was in late October.
So lets say I hypothetically get 20 GN chips from hashfast...
I would have to purchase 20 boards (+assebly) for them.

Thats 20x$750.
That means I would have to put in another $15,000 to get a comparable amount of hashrate to what I should have gotten back in October.  And that's not taking account that I'll be needing 20x the energy.

FUCK NO.

Hashfast needs to sell their chips to new customers and use that money to pay back all the early batch customers who funded them.

Another delay now, all batch 3 fucking on pending.

You are talking about 4 ASICs and a substrate in this case (that I guess to be cheap). You have to add the development costs and a profit. $100/chip is cheap.
Yes, no one is buying and the offer/demand shifted completely during the last year. That's one of the reason why everything related to this HashLabs odyssey is so interesting

It has nothing to do for how much GH/s is sold, of course you can not buy it for 0.15$/GH when somebody else is willing to pay more. It's weak supply/strong demand that has shifted BTC hardware to unrealistic territories.

I was not talking about BTC mining hardware value, I was talking about the retail value of custom ASICs. There was an expert here in the forum that claimed that custom ASICs go from 0.1US$ a chip to US$10 a chip, depending on technology and quantities to disperse the development phase on them. Anything above US$10 per ASIC is just degeneration of low market supply. It only shows how immature BTC hardware market is.

Please show me where you can buy chips of any kind for 0.15$/GH and you will have a point
$100 is cheap.

However I've yet to understand if they have chips or wafers in hand. I hope tens of thousands of chips, and then containers of wafers, but I'm daydreaming.

$100 would be a steal, I would love to purchase them at that price.

More likely is that VMC is selling the cards out of their farm, and the price is subsidized already by the self-mining.

What was your estimate the chip is worth? US$100 is rather expensive IMHO.

fucking, they are fucking stealing my fcking money

Because they are filing a gap in the market, the gap being people who have chips and want boards. They could find some desperate. If there is enough demand, I would organise a batch so that you don't have to trust them and pay their extra profits.

I was told the same about my poor chip settlement. It only means that they want to stop, not that the petition forced them to. It's a legal BS, if you are interested in my opinion.

However, now that the value of the chip is public, you can do a little calculation:

"tens of thousands" =~ 50k. 50k chips * $100/chip = $5M. It's a stock that loses value daily, approximately 1% daily.

So every day they waste in legal BS equals to $50k evaporating. Cheers.

To be fair, I was told they are only stopping until they have come up with how they are going to respond to the petition.

VMC's phone number is no good and emails I send bounce, why would anyone place an order on their website?

HashFast is still completely in charge of everything. If they told you anything different, they were lying. If they fail to respond to the petition within 21 days, only then, things will change.

If they really wanted to ship you your batch 3 sierra before the end of the month, they will still do so.

VMC is taking advantage of the market being flooded by HF chips. Unsurprising for (what many define?) a scammer. They have a really big profit for every board they sell.

If there are enough little customers with chips (and enough cash to pay for the manufacturing) I would be happy to do my best to organise a "group buy" for placing those chips into their boards.

Nothing will happen now.  Amy told me yesterday that they expected to have finished shipping batch 3 before the end of the month, but with the filing everything stops.  And they can't talk about what they would have done before the filing.  So it seems my order would have been shipped in the next 2 weeks, except someone decided to slow things down even more with the petition.

At this point I pretty much give up on ever getting anything, my single Sierra order won't get even 50% of it's value, I'll be lucky to get 10% if HF is forced into insolvency. 

Wait so the chip is only valued at 849-749 = $100 ? lol.

Find X, where X is the value of a chip.