HashFast announces specs for new ASIC: 400GH/s - page 503.

cedivad

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Quote from: Bargraphics on October 23, 2013, 03:51:35 PM

Quote from: cedivad on October 23, 2013, 03:38:59 PM

With a first of December delivery, standing to mining.thegenesisblock.com, we will lose 75% of our "investment".
I can't even tell how i regret my bought.

If it makes you guys feel better, if Hashfast is delayed that means the network hashrate won't increase as much until they do start shipping.

With knc shipping in volumes, i'm not sure that this is correct.

Anyway i'm quite sure that the guy who bought 200+ will come out just fine. And apart from that, i would like to have a proof that the delay is really not depending from them/no hashfast chip will hash before the middle of next month. It wouldn't surprise me if "delaying" the shipment by "2 weeks" was a "decision" taken after the btc price spike.

God, i'm starting to know hardware sellers so well that i should start my own.

Bargraphics

hero member

Activity: 518

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

Quote from: cedivad on October 23, 2013, 03:38:59 PM

With a first of December delivery, standing to mining.thegenesisblock.com, we will lose 75% of our "investment".
I can't even tell how i regret my bought.

If it makes you guys feel better, if Hashfast is delayed that means the network hashrate won't increase as much until they do start shipping.

cedivad

legendary

Activity: 1176

Merit: 1001

With a first of December delivery, standing to mining.thegenesisblock.com, we will lose 75% of our "investment".
I can't even tell how i regret my bought.

DeathAndTaxes

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Activity: 1218

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Gerald Davis

Quote from: Puppet on October 23, 2013, 03:16:25 PM

Yep. Though to be fair, thats exactly how it went with KnC, and I assume they did plenty of testing with an FPGA. Of course its entirely possible (likely even) they will run in to more hickups, like the firmware issues KnC had. If they dont get packaged chips in the next 10 days, I seriously doubt they will ship anything before the tail end of November.

Why 20+ days beyond chip arrival for shipping? Since you reference KNC they went from chip delivery to shipping in 3? 4? days. Granted that was kinda impressive but even a week isn't 3 weeks.

DeathAndTaxes

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Gerald Davis

Quote from: pwnyboy on October 23, 2013, 03:11:57 PM

What are these "substrates"? Are we talking about the silicon substrate of the ASICs themselves? If yes, their statement would make a lot more sense

Just a random googled chip image not HashFast processor.

The shinny metal part is the actual die (produced on wafers at a fab like TMSC, cut into individual dies).
The greenish particle board looking part is the substrate.

The entire thing is what most people call "the chip". For high powered processors the die and substrate will be covered by a metal lid which acts as a heat spreader.

So whatever the issue with the substrate is, they are needed in the step called "packaging" where completed wafers are cut into dies, attached to substrate to form complete packages ("chips").

Processor/chip = silicon die + substrate + package lid + packaging labor

Puppet

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Quote from: pwnyboy on October 23, 2013, 03:11:57 PM

If I understand correctly, the substrate is lost in space, there may be some ETA for it, but they're not telling you what it is.

Its a rather crucial part of the chip package. Its like a mini PCB.

Quote

And whenever they magically receive this substrate, they're going to finish packaging the ASICs and just assume everything went according to plan. I mean specifically that the PCBs and everything else works the way they're supposed to, which they can't possibly know until they have an ASIC in hand. Do I have that right?

Yep. Though to be fair, thats exactly how it went with KnC, and I assume they did plenty of testing with an FPGA. Of course its entirely possible (likely even) they will run in to more hickups, like the firmware issues KnC had. If they dont get packaged chips in the next 10 days, I seriously doubt they will ship anything before the tail end of November.

Puppet

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Quote from: cedivad on October 23, 2013, 02:53:11 PM

Quote from: dopamine on October 23, 2013, 02:48:28 PM

WE WANT ANSWERS you have our bitcoins!

4+ millions of dollars of them.

Out of curiousity, where did you get that number from?
For the record, I suspect its *far* more than that. So far KnC seems on track to ship almost 3000 "boxes" for the "september" orders alone (https://www.kncminer.com/news I counted 2385 boxed and one 'good day' of production to go), that would be well over $10M for just one month, and KnC always seemed like the smaller underdog to me.

pwnyboy

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I don't think enough attention has been paid to the actual update given. And I think Hashfast customers might be letting them off WAY too easily. What are these "substrates"? Are we talking about the silicon substrate of the ASICs themselves? If yes, their statement would make a lot more sense:

Quote from: Hashfast Propaganda

Once the substrates arrive, we can place the silicon and finish production.

If I understand correctly, the substrate is lost in space, there may be some ETA for it, but they're not telling you what it is. And whenever they magically receive this substrate, they're going to finish packaging the ASICs and just assume everything went according to plan. I mean specifically that the PCBs and everything else works the way they're supposed to, which they can't possibly know until they have an ASIC in hand. Do I have that right?

So set sail for more fail. At this point they were supposed to have ASICs in-hand, boards completely tested, and starting to ship. If/when additional problems are encountered with parts external to the ASIC, you can expect more delays. A quick recommendation to Hashfast: perhaps when you have engineering-related issues, rather than sending out a talking head, you should instead send your engineer to update your customers and address their concerns.

Threader

sr. member

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HashFast is looking HashKindaFast but hope it doesn't turn into HashSlow Kiss

cedivad

legendary

Activity: 1176

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I'm contacting a lawyer in CA to see what can be done. PM me if you are interested in sharing the fees.
(it's a preorder, and i'm demanding for a refund)

WastedLTC

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Activity: 778

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Quote from: cedivad on October 23, 2013, 02:53:11 PM

Quote from: dopamine on October 23, 2013, 02:48:28 PM

WE WANT ANSWERS you have our bitcoins!

4+ millions of dollars of them.

expensive way to launder 4 million.. Wink

cedivad

legendary

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Merit: 1001

Quote from: dopamine on October 23, 2013, 02:48:28 PM

WE WANT ANSWERS you have our bitcoins!

4+ millions of dollars of them.

dopamine

hero member

Activity: 486

Merit: 500

WE WANT ANSWERS you have our bitcoins!

Paladin69

hero member

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Merit: 1000

Quote from: itod on October 23, 2013, 02:33:31 PM

The only way that HF can look less bad after today's announcement is the statement that MPP begins November 1st.

That's a minimum they can do.

I feel bad for second batch Sierra's. End of January is light-years away in difficulty changes.

That guy who bought 200 Baby Faps is really screwed on ROI. He spent a boat load of coin for that.

itod

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^ Will code for Bitcoins

The only way that HF can look less bad after today's announcement is the statement that MPP begins November 1st.

That's a minimum they can do.

Visesrion

sr. member

Activity: 826

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GIF by SOCIFI

Quote from: joshv06 on October 23, 2013, 02:25:10 PM

My solution:

Send all batch 1 people 2x-3x the power we ordered in Sierras.

That is what I suggested some pages ago Wink

I have sent them this suggestion to them. I will come back when they answer me

cedivad

legendary

Activity: 1176

Merit: 1001

Quote from: joshv06 on October 23, 2013, 02:25:10 PM

Quote from: cedivad on October 23, 2013, 02:16:42 PM

2 to 3 difficulty adjustments later = 2x to 4x the difficulty. Do i have to say how useless and overpriced these units are at that time? Batch 1 customers, MPP or not, will lose half or more of their investment. Probably more.

Is HashFast gonna do something over this or what?

Yeah, who's picking up the tab? We are basically paying double. November Batch rates.

Anyway, if it's delayed up to (say) 3 years from now, when the hashrate is stable, our return would be sure (thanks to MPP). The only case in where the mpp works, is that one.

joshv06

hero member

Activity: 991

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Quote from: cedivad on October 23, 2013, 02:16:42 PM

2 to 3 difficulty adjustments later = 2x to 4x the difficulty. Do i have to say how useless and overpriced these units are at that time? Batch 1 customers, MPP or not, will lose half or more of their investment. Probably more.

Is HashFast gonna do something over this or what?

Yeah, who's picking up the tab? We are basically paying double. November Batch rates. On top of that, when MPP hits 3 months from now, difficulty will be sky high, and we would have to pay 4x electricity costs.

My solution:

Send all batch 1 people 2x-3x the power we ordered in Sierras.

cedivad

legendary

Activity: 1176

Merit: 1001

2 to 3 difficulty adjustments later = 2x to 4x the difficulty. Do i have to say how useless and overpriced these units are at that time? Batch 1 customers, MPP or not, will lose half or more of their investment. Probably more.

Is HashFast gonna do something over this or what?

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Quote from: HashFast on October 23, 2013, 12:38:19 PM

The majority of the project is on track and, in many cases, ahead of schedule. However, one important component, the substrates, is going to take a few weeks longer than we wanted.

A few weeks delay matters *a lot* when your mining income looks like an asymptotic curve:

Since the MPP timer only kicks in when the units are shipped any delay here will propagate to the additional units. As such it is unlikely that even with full MPP protection customers will ever break even.

Also note that Batch 2 (late Nov) and 3 (Dec) will ship very shortly after Batch 1, putting further pressure on the 'profitability' of Batch 1 customers.

Topic: HashFast announces specs for new ASIC: 400GH/s - page 503. (Read 880461 times)