Topic: HashFast announces specs for new ASIC: 400GH/s - page 455. (Read 880461 times)

You have the option of paying through Bitpay or directly to a HashFast's Bitcoin address when you placed an order.

HashFast kept 3,000 Bitcoins in this address and probably more in other addresses, so yes they can indeed afford to refund BTC for BTC without taking a loss.

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

The worst part is the lack of refunds.  I think that sucks to hold peoples money hostage until Dec 28th.

Another mining company over promising and under delivering. Who'd a guessed.

You're dreaming.  In one month you now need 2TH to make what a 500GH Jupiter was making at the beginning of October.

This is what I wanted to hear. MPP can save us in the long run. When difficulty reduces BTC production to a grind these additional boards can make all the difference between disaster and some ROI.

The shipping dates in the website have been updated.

-The HashFast Team

They are NOT mining with peoples machines... Stop being silly and spreading lies...

you say the same thing over and over.

It's clear they've been lying to us since the beginning.

So now, we do two things:
1) Sue them
2) Make sure to let any possible future buyers know that they are a scam.
We must comment and post the truth on any of their bullshit PR statements that are relayed on blogs,websites,reddit etc.

Again, here's the FTC site to make a complaint.
https://www.ftccomplaintassistant.gov/GettingStarted?NextQID=203&Url=%23%26panel1-6

I think that we should success if we complain to google adwords about how their advertising and their website is misleading.
We need proof, tough.

No adwords = no new customers = old one probably more screwed, but it's always better than being guilty with doing nothing.

Here's a thought. What's worse,  greed or incompetence? I think the latter, because that means there's at least a product here. 

shocker....btc is over $300 now and they announce they need more time to deliver.
hashfast is laughing "ah yes another 4 weeks mining with these suckers machines will do nicely to my wallet, who cares about their investment"

I ordered batch 2. So the best choice is finding a consumer lawyer.

Now they do not upload this update to their webpage ? Or they do not post the same thing in twitter every 2 hours ?

I suppose they will wait to have the photos of the wafers and then upload them and they wont say a word of the delays. This marketing strategies seems quite ilegal to me. There is no somewhere we can go to at least shut down their webpage so they do not engage someone else ?

They could send us more emails if they want, the updates are useless same as the order chain and the hashfast customer help, so the only reason to have the webpage is to catch up more customers

By the way they will post photos soon... I think this sounds familiar to me....

Yes and yes.  HF has stated that they will offer "competitively priced" hardware to go with the MPP boards.  They have also stated that the upgrade boards will require nothing more than "beer and a screwdriver" to install (i.e. come will all necessary hardware).

Doubt my upgrade module will earn much, though...

False. You paid in BTC. You get your money in BTC irrespective of how many dollars it was valued. Period.

Agreed, before id rather seem them go backrupt then give me my machines that make me 1btc.

Also for those interested I submitted my bet to http://bitbet.us/propositions/ as soon as it confirms I will let you know

I'm starting to be scared by the fact that everyone will ask for a refund because they will be unable to ship by the end of this year.
If this happens (at this point i really hope not), they will go bankrupt. (again, this will result in the first open source 28nm bitcoin chip! ftw!).
They won't be able to offer refunds, regardless BTC refunds.

On the other side, having the contract TSMC had with HashFast in hand, should be enough to prove them guilty of fraud.

+1000

They have been lying to us from the begining.

Their schedule has been always for end December and now they are trying to save their ass, but they still have NOTHING. They knew this long time ago but if you asked them they would tell you that they were on schedule for mid November, even the second batch

Aside from the terrible use of English and bad formatting of the update, the key area is of course the substrate information.

"We’ve made key improvements to the design that can be incorporated even into those substrates that are already in manufacturing"

You have substrate in manufacturing and now realise you have an issue with it? Regardless you think you can modify those substrates with the 'improved' design.

"Even so, the latest delivery estimates for the modified, improved substrate design are three weeks from today. This means that we would be shipping our first rigs mid-December."

And you didn't know this 2 days ago when I emailed asking for a shipping update. You didn't know this 2 weeks ago when you were 'on schedule' for October shipping.  

Most importantly you didn't know this 4 weeks ago when I placed a large order. But wait, what is this I see in your email?

"So for the last several weeks, we've been engaged with an additional team to work on an additional substrate"

Ahhh you did know! But knowingly lied to me about it.

So what it boils down to is this:

"Essentially, we now have two teams racing to produce the best and fastest substrate. As soon as that is done, we'll marry the substrates to the finished wafer and begin assembly of the rigs."

Where have I heard this before... that's right... 2 weeks ago.

In reality... you still have NO CONFIRMED SOLUTION and are allegedly working with two teams to try and save your ass and ship something before the end of December.

So the fact remains, you DO NOT have a working substrate and CAN NOT advise when you will thus have NO IDEA when you will ship.

But hey, at least you are building the best quality machine... that will be one hell of a paper weight by January.