Topic: HashFast announces specs for new ASIC: 400GH/s - page 227. (Read 880461 times)

Ok, you are right. Yet to failed to show up, and you should have received some certified mail that notified you of what was gonna happen. Right? So how is it possible that you didn't show up by accident?

Maybe they sued the wrong BFL? Like HF that already has at least 3 different companies?

I don't think that's possible cedivad.  A judge won't decide who's wrong or right in the case you outline, they will just issue a default judgement, which is what happened.

Hey Josh,

Care to share how is it possible that someone sues you and you don't receive the proper paperwork to be there when a judge will decide if they are wrong or right?

Dude... seriously, stop posting the same BS over and over. Nobody has taken BFL to court and won. There is one default judgement against BFL because we were never actually served the papers or knew about the case. You can rest assured that will not happen again. Beyond that, there has been no legal action to speak of, and certainly no court cases or judgement or people failing to collect.

of course it will be pre-orders too!

Hardware Wallet Protection Plan (HWPM): you will get the USD eq back if your wallet gets hacked, in a non better defined moment in the future (but after the first of February 2014 (that email if someone remembers it)) and only if the BTC price goes up 10 times in the meanwhile.

Really? Now they are asking customers to just straight up give them direct access to their wallets.  I suppose it would save a lot of time and effort in donating to BFL.

Hi, I'm not from the US and so I don't know how close their company law is to it's UK equivalent. but I think that your chances of getting any 'consequential' damages out of them, ie losses you think you have incurred as a result of their non delivery of your rig, are next to zero. Most courts wouldn't consider such a claim unless there were very specific clauses in the purchase agreement (like the ones for Boeing's Dreamliner from the airlines).

For anyone that paid in Bitcoins, there's another complication as bitcoin isn't recognised as a currency (yet) so a court might not actually recognise that a 'legal' payment had taken place, unless you got a confirmation that your order had been received and that the full amount due in US dollars, not bitcoin, had been paid.

Has anyone actually received a rig yet?

Unrelated but related:
http://www.butterflylabs.com/bitcoin-hardware-wallet/

Hello Erin,

Please can you confirm if my case 6615, order 3951 will be refunded?

When can I expect to receive the money by?

I have sent a few emails already asking these same questions, I know you are busy but I would appreciate a reply.

Thank you

Kind regards

Ilan


On 13 Jan 2014, at 21:47, "HashFast Refunds" <[email protected]> wrote:

Good Afternoon,

We have received your request.

Sincerely,

Erin

Customer Service Manager

--
HashFast Refunds
[email protected]
---------------------------------------------------------------------------
Check out the latest from HashFast twitter.com/hashfast

-----Original Message-----

Date: Sun, 12 Jan 2014 20:14:10 -0000
To: [email protected]
Subject: REFUND REQUEST AND RELEASE FORM ORDER #3951

Dear Madam / Sir,

Please find attached a 'revised' Refund and Release request form for your attention.

I understand that I am a batch 4 customer and as such according to your Terms and Conditions do not qualify for a refund until after 31st March 2014. However given recent events concerning delayed Batch 1 BabyJet shipments etc. I am kindly requesting that you also agree to refund my order as a batch 4 customer.

I fully appreciate that this would be granted purely on a "goodwill basis", however please understand that since the ongoing shipping delays have occurred I have lost a great deal of confidence in your company.

I am also somewhat concerned about all of the bad publicity your are receiving and the pending lawsuits that are imminent with respect to Bitcoin refunds to Batch 1 customers.

I am naturally worried about what the implications would be if Hashfast were to lose these legal battles with your Batch 1 customers, and what that would mean for Hashfast and its remaining customers.

Please understand that I never intended to request a refund and I sincerely wanted the product I ordered (and still do) however I can not simply ignore what has happened since ordering on Dec 11th 2013.

Therefore please kindly consider my application for a refund and I would appreciate it if you could process my attached refund request ASAP.

I have amended your form to reflect my refund request as a Batch 4 customer, and I trust my revisions to your form are all in order.

I hope this emails reaches you well, as I have attempted to contact you over the last 2 weeks, sending emails, phone calls and written letters but I have yet to receive a response.

I am sure you are extremely busy trying to fulfil batch 1 orders in time for your next promised deadline, however I would appreciate it if you could also find the time to review and respond to my refund request.

I hope to hear from you soon.

Yours sincerely

Ilan

I've calculated the 50% loss basing on a 5 board delivery per BJ and an hashrate per board of 550GH/s (and an avg of 90%/month of difficulty increases, the default now at mining.tgb)
However since that HF should start shipping sometime like today for that to happen, we are talking about dreams.

The loss is closer to +60%.. but that is better than the 90%+tax hit we are looking at now with the current situation. 

https://docs.google.com/spreadsheet/ccc?key=0Auya3iRE6az1dGtKTGZDXzVDeFVjbHl3VmNsT216dHc&usp=sharing

To get to a 50% loss, they would need to provide the initial order + MPP + refund by Jan. 28th.  I think most folks would accept that 50% loss as acceptable.

Maybe it's because BFL had a lot of customers that invested a small amount of money compared to HF who has less people who invested a large amount of money. BFL customers can accept a small loss while HF ones can't accept a big loss.

1. At least one person has taken BFL to court and won a default judgment against them because they failed to show up to the trial. I've verified via a court records search that the below linked Reddit story is accurate

http://www.reddit.com/r/Bitcoin/comments/1u4v0o/i_sued_bfl_in_kansas_jurisdiction_and_won/

2. BFL accepted payment via paypal and similar forms which have a dispute resolution process.  This provided a recourse for customers to get their payment back w/o having to resort to the courts.

I'm not going to comment on your assertions about HF except to say that I don't think you have a full understanding of the facts.

lots of folks have taken bfl to court and won in small claims etc..but enforcement is not there mainly because FTC and the law treats BFL products like a consumer product if you get it even 1 year late..the enforcement types are like "why are you bothering us"

also why no lawyer will YET take a class action suit...they sent a product....

so they are using this loophole in enforcement..bfl that is to slide

don't have any HF myself but looks like the same road if they are sending refunds back w/o notice in usd to you guys

anyway...i went thru it all and got no place with bfl and ftc/paypal executive board/county attorney/BBB (no power but sympathetic) etc

if i'm wrong point me someplace..but if you GET an item at least from BFL even 1 year late...tough......they seem only interested in true vaporware scams

as far as an 'evil genius plan goes it seems flawless....hopefully HF will not go down this road.....)

wish you all the best of luck been there it sucks

Searing

https://bitcointalksearch.org/topic/public-record-case-13la09619-won-against-bfl-394015

So guys, Re: What does Several means:




4 sierras, working, and at least 8 empty racks waiting to be filled.

So i think that we can now start to believe that HF has the hardware ready to go. And that maybe they could have something to do with the last difficulty increase. And that maybe it means that they are mining 1000 BTC per day, and it's a good enough reason not to give a duck about your customers anymore. Yet, the penal side of things will make them act straight, instead of keeping the hardware for themselves and issue USD refunds to everyone (but maybe they could do it with batch 4).

I'm just going to add another thing to the discussion.

The MPP. If they delivered the MPP __before__ the end of the month, to batch 1 customers, along with the original order, exactly like they said that maybe they would have done, they would kill the majority of the liabilities they are facing, because batch 1 customers would be looking at an almost acceptable loss, it being 50%. Gallo will be taking 40% of what he is able to recover. That would for example instantaneously kill all of the claim of his customers, that could be in the million(s?) dollar range.

I personally wouldn't accept it, because they are scammer and all, i would need some real guarantees. But it could be as simple as that.

They are real idiots if they think that ignoring us and sending us USD refunds instead of the promised hardware or the promised refund will save them. And they are real idiots again if they think that trying to kill the company will stop us.

I've spent months saying this, i've spent months being pointed at like the one that makes things up, "you are not even gonna pay for the lawyer, come on". Now i will spend months making shit real for HF.

Because it's just the right thing to do.

It's the 16th of January here. They didn't even tried to contact my lawyer, a possibility that i was rating at 5%. Let's see how they ignore me during the next steps.

Given what has happened with BFL most likely precipitates what is going on with HashFast as well as other companies that fail to uphold their contracts. There are probably many former BFL now HF customers holding the HashFast CEO and others to their word. Neither frankly seem to understand basic ethics given what has been posted irregardless of the time it took to devolve. Also note they are FORCING refunds in an effort to do what exactly? It seems they are trying to lock people into taking USD in exchange for their BTC and that was not the deal as clearly stated here in this thread by many rightfully upset customers. The deal and I read it as well was that you got BTC for BTC... I can't believe they are actually going to try and screw over people. Sickening.