Author

Topic: HashFast announces specs for new ASIC: 400GH/s - page 166. (Read 880461 times)

donator
Activity: 686
Merit: 519
It's for the children!
I haven't received anything.
Me as well.

No refund in the mail, no shipment, no answer.

Nothing.
Posted from Bitcointa.lk - #RV3QwqULud9IYexL


So it's likely just that hashfast is trying to sell more vaporware to raise capital and pay some legal bills?

At least they got up the balls to post to the forums again.
legendary
Activity: 1176
Merit: 1001

Posted from Bitcointa.lk - #RPDW0KTcrEmvx5KI
sr. member
Activity: 392
Merit: 250
This dude says that he received his upgrade:

https://bitcointalksearch.org/topic/m.5642683

I'm sure they have sent out 1 or 2 of each category (except maybe MPP) so they can say they are shipping everything... that seems to be their M.O. judging from that picture of Amy with 2 boxes.

Haven't even heard them claim that they've sent upgrade boards.   I guess they've sent one now.  And yes, that does seem to be their MO.

Some people concluded that the guy a couple weeks ago who sold a couple of BJs with 2 boards on ebay got his upgrades, but what I think was going on there was that he had several BJs and put two boards into one machine... leaving him with a couple of shells.... as he was probably trying to max income from selling hardware earlier while anticipating arrival of MPP and/or upgrade boards.


full member
Activity: 216
Merit: 100
Don't let the nam-shub in your operating system.
This dude says that he received his upgrade:

https://bitcointalksearch.org/topic/m.5642683

I'm sure they have sent out 1 or 2 of each category (except maybe MPP) so they can say they are shipping everything... that seems to be their M.O. judging from that picture of Amy with 2 boxes.
full member
Activity: 155
Merit: 100
This dude says that he received his upgrade:

https://bitcointalksearch.org/topic/m.5642683
newbie
Activity: 11
Merit: 0
but on a serious note... isn't the other 60TH - RMA machines (faulty and returned, waiting on replacements?) I read somewhere that they had initiated the RMA process. i may be wrong but it looks like icedrill's returns will be processed before any batch 2.  Undecided shucks.

It's obvious that Hashfast can't deliver the products they sold. The BabyJet (and Sierra) boards have a finished design, the chips have long been ordered (at least they told us so) and they use the super high-tech fast high quality assembly plant (as Hashfast_CL retardedly stated) from Ciara.

So where is the holdup?

Lack of funding? Hard to believe as they keep selling new batches of their latest vaporware board, the 750 (or was it 800) GH/s EVO

Why has the Batch #1 MPP not shipped? Nor have the Upgrade kits. Nor have the Sierras (Batch #2)

In the mean time, the time keeps ticking

In one of the threads that hit Reddit last week when gmaxwell called them out one of the comments said they were overdue on paying their bills to suppliers.  Granted it's reddit so who knows what the truth is but makes you wonder what the heck is going on over there.  The profit margin on these things should have been huge and based on the info in the response from their lawyer to ninjarobot's consumer complaint they have only refunded 30k of customer orders which is like a total of 5 BabyJets.  They still have the vast majority of customer's Bitcoins.  Sounds like they are the ones trying to hang onto "windfall" profits, what a bunch of dirt bags.    We need to spread the word outside the bitcoin community so these clowns are blackballed in the wider valley as well for their sleazy behavior.
legendary
Activity: 1904
Merit: 1007
there is a lot of saying 'cointerra didnt meet 500GH' while saying 'we can achieve 800GH!'

Cointerr has units in customers hands - lots of units. hashfast has a massive line of customers still waiting on the MPP (which was a protection against late delivery - ohh the irony)

They then go on to flail wildly about having a 2.1TH miner using 3 chips. That means that the miraculous 800GH chips are actually running at about 700GH, or almost 15% under spec. I could shove 20 antminers into a server cabinet and call it a 4TH machine - would that make it a better product then hashfast's pathetic 2TH?

..the answer is yes. I would have those 20 antminers in a cabinet in less than a week from today. Hashfast might ship something in a month or two or three. Obviously my 4TH antminer system is now the greatest bitcoin ASIC of all time by hashfast standards

The wild flailing (and OP) are about HashFast's new world record holding 750+ GH/s ASIC.

The 2.1TH Sierra EVO using only 3 chips is just one possible configuration and it comes in a 4U box, unlike a 4TH antminer (which would take up about 6 times as much space).

If HashFast's spec-smashing 2TH is pathetic, then what are CT's 20% power and performance misses?  

Trust: -16: -4 / +0(0)
Warning: Trade with extreme caution!

Don't worry HashTard! You delete them there, i re-post here.
legendary
Activity: 1112
Merit: 1000
but on a serious note... isn't the other 60TH - RMA machines (faulty and returned, waiting on replacements?) I read somewhere that they had initiated the RMA process. i may be wrong but it looks like icedrill's returns will be processed before any batch 2.  Undecided shucks.

It's obvious that Hashfast can't deliver the products they sold. The BabyJet (and Sierra) boards have a finished design, the chips have long been ordered (at least they told us so) and they use the super high-tech fast high quality assembly plant (as Hashfast_CL retardedly stated) from Ciara.

So where is the holdup?

Lack of funding? Hard to believe as they keep selling new batches of their latest vaporware board, the 750 (or was it 800) GH/s EVO

Why has the Batch #1 MPP not shipped? Nor have the Upgrade kits. Nor have the Sierras (Batch #2)

In the mean time, the time keeps ticking
sr. member
Activity: 434
Merit: 250
Icedrill paid 20,000 BTC for 235TH, for October delivery (without MPP), and have only recieved 175TH
https://bitcointalksearch.org/topic/m.5406668
http://ozco.in/content/user-top-20

 Cry

i used to be in that top 20

 Cry

but on a serious note... isn't the other 60TH - RMA machines (faulty and returned, waiting on replacements?) I read somewhere that they had initiated the RMA process. i may be wrong but it looks like icedrill's returns will be processed before any batch 2.  Undecided shucks.
hero member
Activity: 692
Merit: 500
Icedrill paid 20,000 BTC for 235TH, for October delivery (without MPP), and have only recieved 175TH
https://bitcointalksearch.org/topic/m.5406668
http://ozco.in/content/user-top-20
legendary
Activity: 1112
Merit: 1000
What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).

Actually the Second Batch machine, the first Sierra, is 1.2 TH/s, not 2 TH/s

None of them have been shipped

They should come with MPP that would increase the performance beyond 1.2 TH/s but they did not even ship out any MPP even for the Batch #1 BabyJet customers, so I would not count on it
hero member
Activity: 991
Merit: 500
What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).


Good idea but HIGHLY doubt that will happen. But wishful thinking.

If they didn't compensate us B1 customers that helped them get off the ground, I highly doubt they will be there for anyone else.
newbie
Activity: 17
Merit: 0
What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).


Good idea but HIGHLY doubt that will happen. But wishful thinking.
newbie
Activity: 21
Merit: 1
What if Hashfast Sierra Batch 2 customers received 2 TH rigs?  Would we be a little bit (not a lot) less perturbed.  Looking for that activity required by Hashfast that would create a sea change of in our collective mind sets:-).
newbie
Activity: 17
Merit: 0
This is getting ridiculous..

Where is our MPP + Upgrades?..


Getting ridiculous? It's been ridiculous!!.  Grin
hero member
Activity: 605
Merit: 500
They don't care about us.
hero member
Activity: 991
Merit: 500
This is getting ridiculous..

Where is our MPP + Upgrades?..
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
These guys are pathetic.

Glad I did not order from them.

They over promised and under delivered. Now denying that that happened. Typical scammers.  Roll Eyes
sr. member
Activity: 378
Merit: 250
Update: My post just got deleted by HF on the other thread so reposting here.

I’d like to address some of that statements HF made in the response to my customer complaint @ http://hashfast.org/HashFast_consumer_complaint_response.pdf



Code:
Complainant pre-ordered his Baby Jet unit in order to secure his status as a “Batch 1” customer,
meaning he would receive a unit from HashFast’s first batch of production.
All HashFast Batch 1 customers were offered a final shipment deadline of December 31, 2013.

I did pre-order a Batch 1 BJ stated as ‘in-stock’ and ‘Shipping Oct 20-30’ on the HashFast order site. The December 31st deadline was not part of the Terms of Sale I agreed to at the time of the sale. Nor did it appear on my BitPay and HashFast order receipts. The final shipment deadline was added after the fact. It was added to the 'order confirmation' that I receive a week after I completed the transaction.

Aug 9 ToS:
http://pastebin.com/EfS9vmRf

References:
https://bitcointalksearch.org/topic/m.3209063
https://bitcointalksearch.org/topic/m.2949502
https://bitcointalksearch.org/topic/m.3405970



Code:
Complainant alleges that the only option HashFast gave it’s customers to pay for its products was in Bitcoin.
In reality, besides Bitcoin, HashFast accepted (and still accepts) most traditional methods of payment such as checks and wire-transfers,
and Complainant was free to pay for his equipment by these means if he so chose.
It was not until online purchasers made it all the way to the “checkout” page that they were
offered the additional option of paying in Bitcoin, in addition to payment in USD.
HashFast accepted payment in Bitcoin as a convenience to its customers.

At the time of my order (Aug 9), payment in Bitcoin via BitPay was the only payment option available to me on the website. It was only after the widget broke that HashFast accepted alternative methods of payment.

- Shipments begin: October 20th-30th, in order of purchase
 - Payments to be made in BTC with the help of BitPay

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.
-Cara

In fact, John Skrodenis from HashFast did make that promise to me in person during my visit to the HF office in SF on October 30.

HashFast will issue a full refund the payment for the units that Buyer purchased but did not receive and cancelled.

But it also states (at least in my order confirmation):

For every day HashFast misses their target shipping date, a partial automatic refund should be made based on what a 400 GH/s unit would have mined at the difficulty at that date.This would continue until either the refund is complete or the unit is delivered.

And on Aug 17:
Quote
I expect refunds to made in accordance to the Bitpay receipt of payment.

References:
https://bitcointalksearch.org/topic/m.2901489
https://bitcointalksearch.org/topic/m.2907958
https://bitcointalksearch.org/topic/m.2949898

In addition, I filed a refund request within 10 days after HF defaulting on their advertised shipment date of October 30.
My refund request was ignored by HF and closed without response (see: https://i.imgur.com/qPrxhmE.png).
To say I was motivated by the USD value at the time of the complaint is baseless. If any party was motivated by the USD value it was HF as is apparent from their actions that are contrary to their earlier statements and terms.

I have already given up and accepted my losses. I'm making this post simply to set the record straight. I wish those that are taking legal action against HF all the best.

We know they lied, and the quotes in that response are all irrelevant when you consider the direct promises made by hashfast during the selling phase of the scam. They are treating customers like shit, and you need to get a lawyer and sue them, not just sit back and accept the loss. Someone needs to stand up against them. 
legendary
Activity: 1904
Merit: 1007
Don't worry. HashTard can't delete messages here. So

True or False: HashFast failed to deliver on time and actually delivered 3 months later and screwed all of their customers?

Failing to deliver is not their major sin. If they've only failed to deliver it would not be such a problem if they've issued refunds, like Avalon for instance. Failing to deliver *and* keeping customers money is a daylight robbery.

Well I don't want to waste all my red statements right away Smiley Too bad tard HashTard_CL can't do anything about it.

BTW does thermos bans clones? What if Icetard is the same person as HashTard? Can they get banned for clones?
Jump to: