HashFast announces specs for new ASIC: 400GH/s - page 449.

niothor

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in defi we trust

Quote from: AussieHash on November 11, 2013, 04:39:53 PM

Quote from: lightlord on November 11, 2013, 01:10:15 PM

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06 Undecided

It's a deflationary currency by design. It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder. I did this for my trezors, as i did not want to be paying "the price of a car" for each.

No it's not , your mining rig from HashFast will just earn the value of a pizza the way things are going =)))))))))))

AussieHash

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Quote from: Paladin69 on November 11, 2013, 06:37:17 PM

Quote from: AussieHash on November 11, 2013, 04:39:53 PM

Quote from: lightlord on November 11, 2013, 01:10:15 PM

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06 Undecided

It's a deflationary currency by design. It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder. I did this for my trezors, as i did not want to be paying "the price of a car" for each.

You're paying twice. How about just keep your BTC and buy another 236 BTC instead?

That's exactly what I mean, either buy the preorder amount of BTC and use that to pay, or spend your existingBTC and immediately replenish what you have spent

minternj

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Activity: 434

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I'm not very optimistic about them having extra chips in the first run since they have said the first run was a engineering run. I was just being extremely wishful. Lets hope they put in the 2nd and 3rd wafer run orders in. Or else we will be waiting some time for MPP chips because of the new years(Chinese).

perezoso

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Activity: 392

Merit: 250

Quote from: minternj on November 11, 2013, 04:01:36 PM

If they want to make it right they really need to just ship us the MPP modules with our equipment since its already guaranteed we will not make roi on BTC as promised. But, judging by what they have posted so far I don't see that happening. They are just going to hide behind the dec 31st date for refunds.

What I wonder is if they have a chip yield higher than the number sold (the waiting list machines can bump to batch two), plus they have a certain number of people demanding a refund (especially very early buyers) ... would it be possible to strike a balance enabling the batch 1 machines to ship with more hashpower?

Of course, as soon as people heard refunds were flowing, a large proportion would rush to refund...

At the same time, if people heard the machines were going to ship with 800 gh/s, plus MPP boards later, fewer might want to refund ... Undecided

Paladin69

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Quote from: AussieHash on November 11, 2013, 04:39:53 PM

Quote from: lightlord on November 11, 2013, 01:10:15 PM

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06 Undecided

It's a deflationary currency by design. It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder. I did this for my trezors, as i did not want to be paying "the price of a car" for each.

You're paying twice. How about just keep your BTC and buy another 236 BTC instead?

DPoS

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Activity: 462

Merit: 250

Quote from: minternj on November 11, 2013, 04:46:55 PM

We know that aussiehash. I'm sure many people did their own risk assessments. We were supposed to get our equipment last month. I counted on it being late maybe 1 month? But 2 months is a lot in the mining world.

The reason I'm truly mad is because its obvious they knew a long time ago they were not going to hit the deadline.

I think everyone should spend a few of their teenage years on the streets to develop their sketchmeter. No one will every save you from sketchy bastards except your own gut.

KNC and Bitfury were the only ones that really passed the 'good intentions' test. Even Avalon seemed they just wanted to beat BFL to the punch and then stop caring

minternj

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Activity: 434

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We know that aussiehash. I'm sure many people did their own risk assessments. We were supposed to get our equipment last month. I counted on it being late maybe 1 month? But 2 months is a lot in the mining world.

The reason I'm truly mad is because its obvious they knew a long time ago they were not going to hit the deadline.

jjiimm_64

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Activity: 1876

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Quote from: AussieHash on November 11, 2013, 04:39:53 PM

Quote from: lightlord on November 11, 2013, 01:10:15 PM

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06 Undecided

It's a deflationary currency by design. It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder. I did this for my trezors, as i did not want to be paying "the price of a car" for each.

This lesson I apparently did not learn when even when waiting a year for BFL to give me asics I paid hundreds of btc each for....

school of hard knocks.... knock hard!!

AussieHash

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Activity: 692

Merit: 500

Quote from: lightlord on November 11, 2013, 01:10:15 PM

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06 Undecided

It's a deflationary currency by design. It used to cost 10,000BTC for a pizza and 11,000BTC for a minirig preorder

The only way to beat deflation is to buy with fiat the same number of BTC as you spend on your preorder. I did this for my trezors, as i did not want to be paying "the price of a car" for each.

Bargraphics

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Activity: 518

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Every man is guilty of all the good he did not do.

Mid-December seems to be just asking for Holiday delays/trouble. Hopefully CIARA works through Christmas.

minternj

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Activity: 434

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They've cost us all at least $10,000 plus all the lost revenue we don't mine with that hash every day. Fucked, in one word. Crude as it might be, that's the perfect word. Fucked.

If they want to make it right they really need to just ship us the MPP modules with our equipment since its already guaranteed we will not make roi on BTC as promised. But, judging by what they have posted so far I don't see that happening. They are just going to hide behind the dec 31st date for refunds.

jjiimm_64

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Activity: 1876

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Quote from: lightlord on November 11, 2013, 01:10:15 PM

More and more I am regretting spending 236.73 BTC on purchasing 5 Hashfast units.

Now that's worth $76,227.06 Undecided

me too.... 4 @ 210btc...... my current projection with the mpp is I will get about 160btc back by may if they ship me 4 units dec15 and give me 400% after feb1st

cedivad

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Activity: 1176

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Quote from: lightlord on November 11, 2013, 01:10:15 PM

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.
Now that's worth $76,227.06 Undecided

+1
Damned bitcoins! Why don't you lose your value?

Quote from: jjiimm_64 on November 11, 2013, 01:12:21 PM

me too.... 4 @ 210btc...... my current projection with the mpp is I will get about 160btc back by may if they ship me 4 units dec15 and give me 400% after feb1st

It all depends on when/if we receive our units (expecially the mpp) in time.

Anyway my initial projection when they announced the delay was 10-20% of the btc back. Now, if they ship the mpp in time, it could be as "good" as 50%+.

lightlord

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★Bitvest.io★ Play Plinko or Invest!

More and more I am regretting the purchase of 236.73 BTC on purchasing 5 Hashfast units batch 1.

Now that's worth $76,227.06 Undecided

perezoso

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Activity: 392

Merit: 250

Quote from: RoadStress on November 10, 2013, 05:20:28 PM

Quote from: ninjarobot on November 10, 2013, 05:03:41 PM

FYI: I just filed a request with HashFast support for a full refund in BTC for my Aug 9 BabyJet order.

Let us know what happens next . Where did you put the popcorn?

Not interested in a refund myself yet, but interested in the response.

RoadStress

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Quote from: ninjarobot on November 10, 2013, 05:03:41 PM

FYI: I just filed a request with HashFast support for a full refund in BTC for my Aug 9 BabyJet order.

Let us know what happens next . Where did you put the popcorn?

ninjarobot

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Activity: 761

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Mine Silent, Mine Deep

FYI: I just filed a request with HashFast support for a full refund in BTC for my Aug 9 BabyJet order.

Paladin69

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Activity: 784

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Quote from: DeathAndTaxes on November 10, 2013, 03:44:31 PM

I PMed HashFast about MPP "formula" and delivery timeline.

I'm quite sure they will have their hands full trying to deliver batch 1, batch 2, and batch 3 before they can even begin thinking about MPP. If they deliver MPP up front right away, that sucks for Batch 2 and sucks even worse for Batch 3.

Honestly anyone that comes out after KnC now is so screwed. It sucks even harder for Cointerra and the Monarch's.

Major refunds and price drops need to happen or December/January/Feb is going to be a bloodbath.

DeathAndTaxes

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Gerald Davis

I PMed HashFast about MPP "formula" and delivery timeline.

Paladin69

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Hopefully people keep pushing for refunds. These Baby Fap's won't be worth crap after KnC finishes out shipping their November orders. At least another 2PH will be added by them alone. The mid-December ship date sounds flakey and not confident at best.

Topic: HashFast announces specs for new ASIC: 400GH/s - page 449. (Read 880816 times)