Topic: HashFast announces specs for new ASIC: 400GH/s - page 377. (Read 880461 times)

99.999% that they will deliver by the end of the year. We should have had our address changed to Antarctica to hope that DHL couldn't reach us in time.

3.       DELIVERY AND QUANTITIES.

(a)     Guaranteed Baby Jet Delivery Dates – Batch 1.  All of the 550 Baby Jet units from Hashfast’s first production batch are guaranteed for delivery by December 31, 2013.  If Buyer ordered one or more units of such Baby Jets, and Hashfast does not deliver such units by that date, then Buyer may cancel the undelivered portion of the order at Buyer’s request and Hashfast will provide a refund for the units that Buyer purchased but did not receive and cancelled.  This cancellation and refund is Buyer’s sole and exclusive remedy for Hashfast failing to deliver by the December 31, 2013 guaranteed delivery date.  To avail itself of this remedy, Buyer must cancel the order before such unit(s) are delivered by Hashfast, and in any case before March 31, 2014.[/quote]

Thats from the current Tos, but its the same in the older ones as well.
So please pass on to John and Eddie if they haven't posted my rig by the 19th express shipping to Aus i wont get it before January 2014


[/quote]

Then you are in a better position then most of us.. because since the TOS clearly states that it must be delivered by dec31, then you will be able to  request a refund on Jan 1st.  AND  IF you paid btc directly to HF's wallet, then you will be able to get your btc back.

question is, if they come to your door with the equipment on Jan 2nd, will you accept delivery?

Hasfast_CL id like to point out Hashast's TOS clearly states Failure to deliver by the 31st not ship.

[/quote] 3.       DELIVERY AND QUANTITIES.

(a)     Guaranteed Baby Jet Delivery Dates – Batch 1.  All of the 550 Baby Jet units from Hashfast’s first production batch are guaranteed for delivery by December 31, 2013.  If Buyer ordered one or more units of such Baby Jets, and Hashfast does not deliver such units by that date, then Buyer may cancel the undelivered portion of the order at Buyer’s request and Hashfast will provide a refund for the units that Buyer purchased but did not receive and cancelled.  This cancellation and refund is Buyer’s sole and exclusive remedy for Hashfast failing to deliver by the December 31, 2013 guaranteed delivery date.  To avail itself of this remedy, Buyer must cancel the order before such unit(s) are delivered by Hashfast, and in any case before March 31, 2014.[/quote]

Thats from the current Tos, but its the same in the older ones as well.
So please pass on to John and Eddie if they haven't posted my rig by the 19th express shipping to Aus i wont get it before January 2014

I don't know, but this is how i see it:
If a company screws it's customers and then closes shop, customers can go against what the company owns. The company can't give what he owns away to it's shareholders, because the shareholders are part of the company and are part of the people that have to pay for the company screwing customers.

I mean, you can't stole the candies and then says that you can't get the candies back because i you to give them to the people who sent you to stole candies.

Worst case scenarios (from worst to least worst):
1) They don't ship at all and close shop selling their IP to stakeholders with a real legal contract on assets
2) They refund in USD at current exchange rate (locking in a 90% loss)
3) They ship initial B1s before deadline but are very late on MPP (>50% loss?)
4) They ship initial B1s before deadline but get MPP out end of Jan. (~30% loss)
5) They miss their initial shipment date and refund the original currency at original rate (0% loss)

Kind of sad that the best case scenario is just that they refund all of B1 (at original exchange rate) and just make B2 the new first batch... everybody wins.
I would not be happy with scenario 4, but I am an adult and can take some lumps that would come along with it.  Pitchforks and lawyers would probably come out with anything worse than 4.

Ok, then we will organise group buys at costs from TSMC after that we have taken away a little % to recover our HF losses...
Would you mind to expand your answer? Thanks.

Im pretty sure the contract with TSMC will make that impossible.

@jspielberg, if they didn't do everything necessary to have every single component needed by november at the latest, they have lost.

Remeber that the PCB was designed and manufactured and they where gonna send us pictures of it in a few days (back in middle OCTOBER), but that moment never come due to... NDA contracts whose contracts where covered by a NDA as well? It's freking ridiculous, and it's oblivious that this is an incredible starting point for us.

If we are not gonna get every single BTC that we paid back, we are __all__ gonna use __fractions__ of the revenues to pay for first class lawyers to rip them off.

Worst case scenario? We will own the IP of the chip and it will be the first open source RTL (maybe we could just organise group buys directly to the FAB, where every detail is public and we get a % to recover our losses).

What makes me wonder the most about HF? Their stupidity about continuously releasing proofs to use against them. I mean, there must be a reason for that. They must be really self confident. (and that must be john, but don't worry john, we will fix that).

You would need the entire supply chain... chip would be a good start, but substrate manufacturer, assembly house.

I think I have gone through denial, anger, bargaining, and depression and I feel I am now in acceptance.  We aren't going to make our BTC back.

If they deliver quickly and deliver the full MPP 90 days after October 30th, and difficulty enters a linear phase at 100,000,000 daily increment rather than exponential, we could make back a bit better than 70% over the course of a year.

At least according to my model:
https://docs.google.com/spreadsheet/ccc?key=0Auya3iRE6az1dDc0UVgwMU52YVpTazVjSHByOGNiWHc&usp=sharing

Obviously a lot of assumptions.  The exponential difficulty growth may last longer than the 100M daily difficulty rise... HF may be late on the Feb.1 MPPs.  The longer they delay shipping initial and MPP, the worse the numbers get.

Yes, i also think that contract to be our best and easiest way to definitively prove their intentions.
Personally, i think that it will be really easy to have a judge to force them to so, i mean, what's the problem with sharing the delivery date TSMC promised on the contract if they have nothing to hide?
I can't see anyone in good faith denying you to do so, especially after all of the BS they told us that we can prove.

I mean, they have lost even before starting.

+1

That's also true.

So what's the goal of that point in the contract, apart from scaring possible customers from participating in a class action against them and finally have them to be even more angry at you?

*shrugs*

Doubtful, let the lawyers figure it out, that's what they get paid for.

This is so much fun. So the contract says that they can't have any class action against them? Am i reading it correctly? This is really so much fun...
To bad that there are at least 10 customers out there that will happily go on by their own, even if that point had anything legal in it...

Can we sue them for putting illegal points on their terms of sales terms and conditions of sales, too?

Save your money, these guys will do it on contingency.

http://www.bergermontague.com/practice-areas/consumer-protection

Berger & Montague's Consumer Protection Group protects consumers when they are injured by false or misleading advertising, defective products, data privacy breaches, and various other unfair trade practices.

Consumers too often suffer the brunt of corporate wrongdoing, particularly in the area of false or misleading advertising, defective products, and data or privacy breaches. Using class action litigation, consumers can employ economies of scale to confront corporate wrongdoing and obtain a remedy for all those who were harmed. Berger & Montague has successfully obtained many multi-million-dollar consumer class action settlements. View our  Representative Settlements for examples of large recoveries we obtained on behalf of our consumer clients.

No Fees Without Recovery

Berger & Montague's consumer class action cases are typically litigated on a contingent fee basis, so plaintiffs and the class do not pay attorneys' fees or court costs unless there is a recovery.

HF_CL must be a complete idiot.

He thinks that he can calm down the community this way, but the only thing he does is to give the community even more reasons to be afraid of the future. With this rise on the bitcoin price, and with this many customers that ordered several machines, it will be awesome to see how this evolves.

I'd like to clarify that 50 btcs mined per Jupiter as someone mentioned here is more of an exception applicable to select few. I received my Saturn (1/2 of Jupiter) around 20th of October (and I was pretty far from last in the queue). If I didn't spend some btcs on upgrade modules I would've made just about 16 btcs by now.

Still no proof of the single chip running underclocked at 500GH. HashFast_CL you promissed me a blog post with an actual video. Where is it?

That's great that it's underclocked but uhh...isn't it also hitting 300watts per two cores...or 600 watts per 4-core chip right now?  If that's the power draw underclocked (1.2 watts per GH) what's the power use going to be clocked up?

I have the impression they think KnC made a mistake by really shipping products.