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Topic: HashFast announces specs for new ASIC: 400GH/s - page 517. (Read 880461 times)

legendary
Activity: 1974
Merit: 1077
^ Will code for Bitcoins
Just throwing this out there

I've just been offered the option to cancel my OCTOBER delivery orders (end of the queue, at this moment still showing "paid") for a full refund. Or i can wait "few more days" to be built and shipped with no further compensations.
Simply because KNC finally dropped that imperative and annoying "NO REFUNDS" made me take a decision.

Hasn't been confirmed but their delivery date was by the 15th, so now that it is after that date and they are opening refunds does that change anything?

There's one logical explanation: They are dead afraid of storm of credit card charge-backs. Company with CC companies on their back is in deep trouble, blocked bank accounts may mean the end. It's better for them to give the refunds at their free will since many, many people threatened to call their CC companies on Oct 16th.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Even if i support and respect KnC i must admit that i really don't understand why are they refusing refunds.

$$$$

Imagine you sold a widget for $5K and tomorrow widgets will only sell for $3K.  Sure you can accept a refund and then sell the unit again for future delivery.  Each refund essentially costs you the difference between the price you were already paid and the price you will be paid.  Now one or two refunds is one thing but given they knew they were going to be days (weeks) late it could have meant hundreds of refund requests.   The cost of each on is the difference between pre-sale prices and future sale prices.
legendary
Activity: 1904
Merit: 1007
I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

KNC "offered" refunds and then refused to honor that agreement in the end.

That is because orders went into production.  You can still get a refund for November.

Yeah come on.  The promise to customers is they could cancel up to the day THEIR ORDER ships.   Some people tried to cancel on the first and were told orders can't be cancelled and it is now 15 days later and they haven't received hardware.  Any way you shake it the promise to cancel ended up being utterly worthless.   They promised one thing and at the last minute changed the terms.  I mean by your logic BFL is A+ business as well.  Production began back in last November so obviously they can't allow any cancellations right?

Even if i support and respect KnC i must admit that i really don't understand why are they refusing refunds. Refunding means more angry people receiving their units a bit faster than normal plus the fact that they still have November orders i think moving up the queue should become an easier thing instead of all this no refunds mess.
hero member
Activity: 518
Merit: 500
Every man is guilty of all the good he did not do.
I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

KNC "offered" refunds and then refused to honor that agreement in the end.

That is because orders went into production.  You can still get a refund for November.

Yeah come on.  The promise to customers is they could cancel up to the day THEIR ORDER ships.   Some people tried to cancel on the first and were told orders can't be cancelled and it is now 15 days later and they haven't received hardware.  Any way you shake it the promise to cancel ended up being utterly worthless.   They promised one thing and at the last minute changed the terms.  I mean by your logic BFL is A+ business as well.  Production began back in last November so obviously they can't allow any cancellations right?

Just throwing this out there

I've just been offered the option to cancel my OCTOBER delivery orders (end of the queue, at this moment still showing "paid") for a full refund. Or i can wait "few more days" to be built and shipped with no further compensations.
Simply because KNC finally dropped that imperative and annoying "NO REFUNDS" made me take a decision.

Hasn't been confirmed but their delivery date was by the 15th, so now that it is after that date and they are opening refunds does that change anything?
donator
Activity: 1218
Merit: 1079
Gerald Davis
I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

KNC "offered" refunds and then refused to honor that agreement in the end.

That is because orders went into production.  You can still get a refund for November.

Yeah come on.  The promise to customers is they could cancel up to the day THEIR ORDER ships.   Some people tried to cancel on the first and were told orders can't be cancelled and it is now 15 days later and they haven't received hardware.  Any way you shake it the promise to cancel ended up being utterly worthless.   They promised one thing and at the last minute changed the terms.  I mean by your logic BFL is A+ business as well.  Production began back in last November so obviously they can't allow any cancellations right?
sr. member
Activity: 826
Merit: 314
GIF by SOCIFI
Oh great, now we are at the 'demanding' stage? We deserve?

Let's take BFL's example in Feb this year, publish a bunch of pictures of a warehouse filled with empty cases with fans and fly in a few competing mining software developers and then still fail to deliver?

The reality is that as a customer, I can only sit back and wait with my fingers crossed.

Sorry, I may have not explained my self too clear as my English is not the best.  I just wanted to say that I wish the best to HF, nothing else.
All the reason with the BFL case and yes , there is nothing a customer can do now apart from waiting for incoming news
legendary
Activity: 1112
Merit: 1000
At least in my case if you read closely I am not demanding photos of the chips, as demanding photos of something that HF don't even have will make no sense. Indeed I just wanted to see photos of the rest of the components to make sure they are ready when they receive the chips. Anyway as a HF customer I deserve them the best so considering myself a spam will make no sense. Any potentiall HF customer that enters their thread or their web page and sees photos of all their components in the factory ready to fill the first batch will convince them more than just words. Again, now we just can wait and deserve HF the best

Oh great, now we are at the 'demanding' stage? We deserve?

Let's take BFL's example in Feb this year, publish a bunch of pictures of a warehouse filled with empty cases with fans and fly in a few competing mining software developers and then still fail to deliver?

The reality is that as a customer, I can only sit back and wait with my fingers crossed.
newbie
Activity: 56
Merit: 0
Wait.. there's no HashFast chips and they ship in 5 days?

The original date they gave was the end of October, so around the 30th. It was later that they moved the date further ahead of that date. So, I am not worried as long as they meet that original deadline.
sr. member
Activity: 462
Merit: 250
Wait.. there's no HashFast chips and they ship in 5 days?
sr. member
Activity: 410
Merit: 250
I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

KNC "offered" refunds and then refused to honor that agreement in the end.

That is because orders went into production.  You can still get a refund for November.
I got my miner from KNC only a week late and under speeds listed on website but still much higher than when ordered so I'm not a KNC hater by any means, however the fact is they did state that refunds were available up until your miner shipped.  Like DT said they didn't honor that agreement in the end.  I appreciate what KNC did and yes their performance even if it gets worse will almost certainly be stellar compared to Avalon or BFL however they still left plenty to be desired.
sr. member
Activity: 826
Merit: 314
GIF by SOCIFI
Ok, fair statement. If you are not HF customer there's no need to red-alert everyone, we already know that every week is crucial. HF already announced that chip shipment may be a week late, which may mean the difference between positive or negative ROI. Does MPP protection program "means squat" as you put it, or not, remains to be seen. I've chosen HF only because of that unique offer, and probably many others did that also. We'll see in the end who made a mistake, but demanding photos of something that is known not to exist and generating pressure will bring nothing but FUD and spam. Let's give them a benefit of a doubt till the end of the month and promised delivery.

At least in my case if you read closely I am not demanding photos of the chips, as demanding photos of something that HF don't even have will make no sense. Indeed I just wanted to see photos of the rest of the components to make sure they are ready when they receive the chips. Anyway as a HF customer I deserve them the best so considering myself a spam will make no sense. Any potentiall HF customer that enters their thread or their web page and sees photos of all their components in the factory ready to fill the first batch will convince them more than just words. Again, now we just can wait and deserve HF the best
hero member
Activity: 784
Merit: 1000
I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

KNC "offered" refunds and then refused to honor that agreement in the end.

That is because orders went into production.  You can still get a refund for November.
newbie
Activity: 56
Merit: 0
How is Hashfast going to handle batch 2 and batch 3 orders? Is there going to be a forced waiting period after they ship all of batch 1 or are they going to start shipping batch 2 right after they finish batch 1?
donator
Activity: 1218
Merit: 1079
Gerald Davis
I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

KNC "offered" refunds and then refused to honor that agreement in the end.
hero member
Activity: 761
Merit: 500
Mine Silent, Mine Deep
don't go out and buy a bunch of Raspis.  you may need far less than even i anticipated.

The most recent version of MinePeon also shows CPU use (in advanced view). I think on my rPi it was ~10% for my 30GH/s BFL unit. If you are on a pool I guess it is mainly a question of setting the difficulty for shares at the appropriate level. The rPi will probably do fine driving multiple HF units simultaneously.
sr. member
Activity: 462
Merit: 250
I am a KnC customer but I'm not really a fan of anyone.  I haven't exactly been posting cheerful things in the KnC thread either...I have a bad board in a Jupiter and am having problems reaching customer service.  Call me a FUD'er if you want, but I am just trying to wake people up to the realization that the difficulty is going to run away from everyone.  Nobody here will be happy.  MPP won't mean squat when they deliver so late.  The difficulty is going to be 3-4 billion by April.  I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

Good luck.

Ok, fair statement. If you are not HF customer there's no need to red-alert everyone, we already know that every week is crucial. HF already announced that chip shipment may be a week late, which may mean the difference between positive or negative ROI. Does MPP protection program "means squat" as you put it, or not, remains to be seen. I've chosen HF only because of that unique offer, and probably many others did that also. We'll see in the end who made a mistake, but demanding photos of something that is known not to exist and generating pressure will bring nothing but FUD and spam. Let's give them a benefit of a doubt till the end of the month and promised delivery.

you mean you don't want this thread to go to 700 800 pages like the KNC one??  Be thankful we got all the BFL refugees to spare you from their mental breakdowns
legendary
Activity: 1974
Merit: 1077
^ Will code for Bitcoins
I am a KnC customer but I'm not really a fan of anyone.  I haven't exactly been posting cheerful things in the KnC thread either...I have a bad board in a Jupiter and am having problems reaching customer service.  Call me a FUD'er if you want, but I am just trying to wake people up to the realization that the difficulty is going to run away from everyone.  Nobody here will be happy.  MPP won't mean squat when they deliver so late.  The difficulty is going to be 3-4 billion by April.  I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

Good luck.

Ok, fair statement. If you are not HF customer there's no need to red-alert everyone, we already know that every week is crucial. HF already announced that chip shipment may be a week late, which may mean the difference between positive or negative ROI. Does MPP protection program "means squat" as you put it, or not, remains to be seen. I've chosen HF only because of that unique offer, and probably many others did that also. We'll see in the end who made a mistake, but demanding photos of something that is known not to exist and generating pressure will bring nothing but FUD and spam. Let's give them a benefit of a doubt till the end of the month and promised delivery.
legendary
Activity: 1112
Merit: 1000
don't go out and buy a bunch of Raspis.  you may need far less than even i anticipated.

I have a box of 50 sitting behind me, we use them in all sorts of projects, they are dirt cheap and easily available


but we'll probably end use using PCEngines APU boards... much more umphf
legendary
Activity: 1176
Merit: 1001
Anyway who would be stupid enough to add point of failures this way?
Since there is a realistic limit on how many modules can be used in a self contained (1 host, 1 chassis, 1 power supply) system I don't see daisy chain OPTION as being anything but good news. [cut]
You made a load of good points, and i have to agree with you. However (taking sierras as examples) i would discourage anyone from setting up a daisy chain between a rack of 20 sierras (there won't be many datacenter providing 30kw per rack, anyway). Having 20 cables from the control unit to the controller of the sierra, that is daisy chained to the other 2 board on the same sierra, makes sense.
hero member
Activity: 784
Merit: 1000
What I think Paladin69 is trying to say is that HF has clearly showed us that is really outstanding from other asic manufactures by having nice contracts with the best factorys out there, the MPP , having the software prepared in andvance...but we are really close to what they marked as "time to ship" the units and we still havent seen any photo. Not the case, not the pcbs, not even any other part as the cooling solution that they have been simulating with. For the moment as a customer I  want to believe

I saw what you wrote earlier so I screamed at them earlier today. They promised me they will have pictures for you soon.

I'm surprised more haven't been screaming for actual photos since you're close to Oct 20th.

We are not screaming for actual photos because we are not KnC FUD-spreaders like you and Puppet. Anyone can click on the "last posts" in the profiles of both of you and see that you are heavily shilling for KnC in their thread, and came here to spread FUD. Unlike KnC who are assembling their products in empty warehouse, HashFast has contracted the factory which will assemble and deliver all 500 batch #1 machines in half a day. Since they have 1200 units capacity a day, they will be probably be over with batch #2 on the first day of production before going home for dinner. Have KnC assembled their batch #1 now, two weeks later? I thought so. Since HF stated it will take 5 days from receiving chips to production day, it makes no sense to ask for pictures of chips since they aren't any, they should be in HF headquarters on 26-27th October for delivery to be in October. Asking for photos before that date makes no sense.

I am a KnC customer but I'm not really a fan of anyone.  I haven't exactly been posting cheerful things in the KnC thread either...I have a bad board in a Jupiter and am having problems reaching customer service.  Call me a FUD'er if you want, but I am just trying to wake people up to the realization that the difficulty is going to run away from everyone.  Nobody here will be happy.  MPP won't mean squat when they deliver so late.  The difficulty is going to be 3-4 billion by April.  I only like KnC a bit more because they offer refunds.  I'm not sure if that is true with HashFast.

Good luck.
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