Topic: HashFast announces specs for new ASIC: 400GH/s - page 498. (Read 880461 times)

What a lot of bs the post above mine is.
MPP will not save anyones' ass, and i've ordered with that plan already annunced, so don't say that it's a gift to the poor batch 1 customers.

I, batch 1 customer, will lose 75%.

I think it will be a huge mistake to simply upgrade all B1 BJ to Sierra or provide extra MPP hashing modules upfront without any additional cost or consideration.  With all these unexpected additional hashing power (up to 1PH) coming online at once to drive up difficulty even further, nobody is going to win.  What's worse is HashFast will now be pissing off their B2 and B3 customers as well who were only expecting 400TH to 500TH to come online from HashFast B1.  The additional chips given to B1 customers will also meant longer delays for B2/B3 customers to receive their miner as there will be less chips, materials and resources to go around.

How would you feel if you intentionally skip B1 knowing it was high risk/high reward.  You anticipated there would most likely be a delay and the difficulty will skyrock.  So you ended up ordering a B2 Sierra early (first 10) because it is less expensive (per Gh) and you figure the production delay will be caught up within the 1 month between B1 and B2.  Long and behold, the anticipated delay is a reality and you congratulate yourself for making a smart choice....  But wait, what?  Instead of being #10 to receive one of the first 10 Sierra, you are now #610 (or 1010 if including IceDrill)?!?  What's worse than the delay is now there is an additional 1PH that you thought won't appear for another 90 days, if the delay doesn't kill your ROI, the additional difficulty surely will!

So B2 customers are being penalized for B1 buyers' recklessness and greed, who didn't properly anticipate the delay, and they didn't plan for skyrocking difficulty (do you think this is Avalon B1 when there is no other ASIC?.)  If B1 buyers were smart and held out for a better price, they wouldn't have been in this situation.  When there was little to no demand, HashFast was forced to have sales and lower their price on their B2 miners.  The same thing would have happened if B1 customers weren't so eager to hand over their money.

MPP is compensation enough for B1 customers.  Congrat to cypherdoc whose wish is going to come true, who kept mentioning 400% more hashing power in 90 days as if that was a guarantee or given...  Without the delay and if BJ were to ship tomorrow, I believe you will earn back 2/3 of the Bitcoins you paid, so just 50% more hashing power would have been needed in the beginning to make 100% ROI, doubling that would only meant you will get one additional ASIC module.  But now with the delay, it is looking more likely you will end up getting 400% more hashing power (1.6TH) instead of a measly 400GH.  As designed, MPP is rewarding/compensating for the delay and the longer the delay, the more additional hashing power you will receive in 90 days, and yet B1 customers want more because they are greedy, overpaid and naive to believe there won't be any delay when any reasonable person can see that one little thing can throw the incredibly tight schedule off.

Too true!  I'm a KNC owner and that made even me laugh.

But I don't think it's necessarily a reflection on the quality of the units.  I just think the KNC threads are dominated by about 8 or 10 guys with major OCD issues.  I think they spend more time mucking about with their miners than they do hashing with them.

Yes, me, order number #13xx. After some guys started talking about trying to enforce refunds lately, we are now entering phase 7.


Since my order is complete, I eagerly await delivery in the next couple of days. Thank you!

We are all getting screwed, no matter how you look at it. Do you really think a lot of people will be interested in buying KNC's generation 2 products when their 1st products can't even break even? It will be the same story for all the mining manufacturing. They are all trying t act the best to make the most sales and make some kind of profit. Apparently a miner that that puts out 400-500Gh/s has to be pretty dirt cheap for anyone to buy going forward. I keep seeing the BFL advertisements on here for their 600Gh/s card for almost $5,000. And that won't even be available until late in the year or early next year. Who in their right mine would ever buy one or even many of those? It doesn't all boil down to electricity costs.

There's not even going to be any money in making ASICs next year, the margins will be razor thin with so much competition. Hashfast can go out of business after the first few rounds and retire rich.

Agreed. How they treat their first customers who put the most faith in them will have a big impact on repeat sales in the future.

Well, I got an answer from HF saying that the second batch of sierras is expected ship in the last week of november. That means when they ship us a BJ, someone will get at the same time x3 hashing power than you for the same price. Just perfect way to reward the first batch customers...

The only possibility now on the table is to move all the BJ orders into sierras as I suggested. If not HF will have all the first batch customers really angry  I emailed them with the suggestion, lets see how they move next.

For me, or they make this movement or HF is over

My KnC showed up 10 days before the deadline advertised when I ordered it (sometime before the end of October). Oh and I paid for it in USD, so I'll have made a profit if I make a profit in USD.


Which is exactly what I said would happen. Even if they'd shipped on time.


Their delivery guarantee was in January or Feb, or whatever.  It's not like it wasn't in their fine print.

Yes

USB to Cat5/6 extender

Something like this.  http://www.monoprice.com/Product?p_id=6042&format=2

It is still USB just on cat5 wire.   You can't connect it to an ethernet switch.   Cat5/6 is just a cable.  Ethernet is a protocol.  Ethernet runs on cat5 but with the right hardware so can a lot of other things (music, hdmi, usb, etc).

I sent Cara an email
basically saying this delay has blown any chance of any ROI for me and i cant sell my order because their MPP terms state its non transferable
just got the reply.

ROFL
Swing and a miss.

i guess you own a Jupiter too.

Avoided my entire question and instead threw out a mysterious BS PR insider info line.  Yep time to move on.

although the KNC Warriors may be trolls, they're not stupid.  deep down they know HF is a real threat.  in fact, the main threat, as a competing 28 nm company.

altho i disagree with their tactics, i understand what they're trying to do.  

the fact is, the modules Simon has designed, i think, are going to be something special.  i think i know the reason barely any information has been released about them but can't say anything.

Unless they conflict with federal regulations. Your lawyer may not be aware of relevant FTC regulations. Have him read over this: http://business.ftc.gov/documents/bus02-business-guide-mail-and-telephone-order-merchandise-rule. Particularly the section on delays.

Sure but again how does it degrade and if possible destroy the competition so that their Jupiters/Saturns provide the ROI that they never will.  If I personally knew that a company was for real and bought their miners then I'd want most people to buy from the other incompetent company and the company I knew to be a good deal to have to lower prices from bad but known to me to be false publicity so I can buy more of their underpriced miners.  Granted as a paid advertiser you are biased but how do you see it differently?

Surely you are mistaken.   They cannot be KNC trolls.   Anyone with a KNC product is too busy trying to figure out which of the 8 versions of the firmware will actually make their miner work vs. fizzle.   There is no way they could be also posting AND playing russian roulette with firmware.   

this is something i'm interested in as well.

presumably the majority of the distance will be covered by Cat 5e cabling with ethernet jacks at the wall.  at least that's the setup i have. 

what device would one use to connect the USB connector from the Sierra to an ethernet wall jack?