Author

Topic: HashFast announces specs for new ASIC: 400GH/s - page 558. (Read 880461 times)

legendary
Activity: 1764
Merit: 1002
yes, then don't order.

in fact, you can blame me for advising them not to take cc's.  like i said in my thread, i had orders of 3 Jupiter's in at KNC, and 8 H boards with BitFury.  i never intended to order that many as a whole simply b/c i was playing the Ms. Fickle game of hedging my bets across multiple companies fully intending to cancel all but one order with whom i deemed the winner in my orderbook in the end.  so i artificially inflated the internal expectations at both these companies about what the demand was going to be going forward.

i consider myself a pretty rational actor and i knew if i was doing this that there were a great many of you doing the same thing.  thus, i told HashFast not to take cc's or paypal.  yes, it may decrease orders at the beginning but it will eliminate their internal volatility going into production.  they will be able to plan their expenses much more precisely. HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle.  they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.  

i really think one of those companies taking cc or paypal could undergo a walletectomy by having a darkhorse company like HashFast come out with a superior chip product.  yes, it may be just vaporware right now but tapeout is going to occur within a matter of days which is a significant milestone and they have additional plans in the works.

That's fraud you've just publicly admitted to, I hope you realise that. I've been telling people to use card so they are protected, not manipulate the financial standing of companies and their anticipated cash flow to hedge bets.

I agree, this is pretty messed up. Maybe HashFast reacted too quickly in choosing their "Endorser".

you'd better think a little more carefully about what i said.  you're confusing "result" with "intent". 

i was just doing what everyone else around here IS doing and that is placing multiple orders across all players as early as possible to reserve a place in their order queue.  someone above called using cc's a "put option".  that's not a bad description.  what we're all doing is trying to figure out who is going to come out the winner of this asic race.  we all want a foot in each door, just in case.  and there is no doubt in my mind that somewhere along here, the "result" is going to be that some company is going to run into a cash crunch from a rush to chargebacks.
hero member
Activity: 778
Merit: 563
We are not talking about a high volume here,  if you can't make a website that can handle a few hundred users-- just give up.   The price should be around $3k.  At the current price, BTC only, and bad exchange rate why would u buy one?   KNC has done a much better job and when they released pricing it blew away the competition.  It was unheard of...    this should have been the same thing since we now all know where the difficulty will be.

I was interested and when I got the email that orders have begun I jumped up to check it out.   Completely disappointing.  Good luck with your business.

legendary
Activity: 1764
Merit: 1002
yes, then don't order.

in fact, you can blame me for advising them not to take cc's.  like i said in my thread, i had orders of 3 Jupiter's in at KNC, and 8 H boards with BitFury.  i never intended to order that many as a whole simply b/c i was playing the Ms. Fickle game of hedging my bets across multiple companies fully intending to cancel all but one order with whom i deemed the winner in my orderbook in the end.  so i artificially inflated the internal expectations at both these companies about what the demand was going to be going forward.

i consider myself a pretty rational actor and i knew if i was doing this that there were a great many of you doing the same thing.  thus, i told HashFast not to take cc's or paypal.  yes, it may decrease orders at the beginning but it will eliminate their internal volatility going into production.  they will be able to plan their expenses much more precisely. HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle.  they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.  

i really think one of those companies taking cc or paypal could undergo a walletectomy by having a darkhorse company like HashFast come out with a superior chip product.  yes, it may be just vaporware right now but tapeout is going to occur within a matter of days which is a significant milestone and they have additional plans in the works.

That's fraud you've just publicly admitted to, I hope you realise that. I've been telling people to use card so they are protected, not manipulate the financial standing of companies and their anticipated cash flow to hedge bets.

are you really that much of an idiot?

let's look at what you just accused me of.  do you really think i was trying to manipulate upwards the financial standing of KNC by making one 3 Jupiter order of $21000 in the midst of the hundreds of orders they have on the books amounting to in the $millions of USD's?  only to then turn on them and "yank" that $21000 out from underneath them and topple their entire enterprise?   

do you really think i was trying to manipulate upwards the financial standing of Megabig by making one 8 H board order of $40000 in the midst of the hundreds of orders they have on the books amounting to in the $millions of USD's?  only to then turn on them and "yank" that $40000 out from underneath them and topple their entire enterprise?   

we should all laugh at such childish accusations coming from the KNC hooter. 
newbie
Activity: 41
Merit: 0
getting the same error here from their website

Availability has been stuck at "455 in stock" for the past 6 hours or so.

So 95 Baby Jets sold before their WooCommerce cart / CloudFlare died. They may be making nice hardware, but I think HashFast needs a proper web designer and hosting solution...
hero member
Activity: 826
Merit: 500
Crypto Investor ;) @ Farmed Account Hunter
there are so many red flags in this offering.

If you look at the first couple pages, you will see a mysterious twitter account was closed. No explanation.

Private policy that sounded like you are opting in to a marketing list.

Amateurish mailing list. Such as (Hello! New entry was published on Hash Fast. Visit it by following next link: Privacy Policy Regards, Hash Fast team. )

Now wouldn't you send out a short email with the privacy policy information instead of 10 words and a link. You know, be kind of professional about it?

An offering for 500K by some partner. For some great deal, lol.

Shipping costs to the US $600. Knc miner charged $138.

Payment only in BTC, no CC's.

Lack of specifics, but more information will be released soon. Shouldn't you have all the information ready right now when you're selling a product?

I'm sure I missed the few things. But that's a pretty good summary.

You've got to be kidding me. wow
legendary
Activity: 1121
Merit: 1003
there are so many red flags in this offering.

If you look at the first couple pages, you will see a mysterious twitter account was closed. No explanation.

Private policy that sounded like you are opting in to a marketing list.

Amateurish mailing list. Such as (Hello! New entry was published on Hash Fast. Visit it by following next link: Privacy Policy Regards, Hash Fast team. )

Now wouldn't you send out a short email with the privacy policy information instead of 10 words and a link. You know, be kind of professional about it?

An offering for 500K by some partner. For some great deal, lol.

Shipping costs to the US $600. Knc miner charged $138.

Payment only in BTC, no CC's.

Lack of specifics, but more information will be released soon. Shouldn't you have all the information ready right now when you're selling a product?

I'm sure I missed the few things. But that's a pretty good summary.
hero member
Activity: 532
Merit: 500
yes, then don't order.

in fact, you can blame me for advising them not to take cc's.  like i said in my thread, i had orders of 3 Jupiter's in at KNC, and 8 H boards with BitFury.  i never intended to order that many as a whole simply b/c i was playing the Ms. Fickle game of hedging my bets across multiple companies fully intending to cancel all but one order with whom i deemed the winner in my orderbook in the end.  so i artificially inflated the internal expectations at both these companies about what the demand was going to be going forward.

i consider myself a pretty rational actor and i knew if i was doing this that there were a great many of you doing the same thing.  thus, i told HashFast not to take cc's or paypal.  yes, it may decrease orders at the beginning but it will eliminate their internal volatility going into production.  they will be able to plan their expenses much more precisely. HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle.  they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.  

i really think one of those companies taking cc or paypal could undergo a walletectomy by having a darkhorse company like HashFast come out with a superior chip product.  yes, it may be just vaporware right now but tapeout is going to occur within a matter of days which is a significant milestone and they have additional plans in the works.

That's fraud you've just publicly admitted to, I hope you realise that. I've been telling people to use card so they are protected, not manipulate the financial standing of companies and their anticipated cash flow to hedge bets.
jr. member
Activity: 40
Merit: 1
getting the same error here from their website
hero member
Activity: 728
Merit: 500
cryptoshark
Code:
Fatal error: Allowed memory size of 103809024 bytes exhausted (tried to allocate 11018523 bytes) in /nfs/c08/h04/mnt/171515/domains/hashfast.com/html/wp-includes/wp-db.php on line 880

Err.. I was just asking for shipping price.. does that take 103Mb?? Tongue


Doesn't work for me either. Looks like they may need to upgrade their hosting plan... CloudFlare hosted? If so, only $200/month for 100% uptime guarantee with business plan.

2 600 000 usd to preorder....
Shop made on wordpress by total amateur...

Come on guys lol.

newbie
Activity: 41
Merit: 0
Code:
Fatal error: Allowed memory size of 103809024 bytes exhausted (tried to allocate 11018523 bytes) in /nfs/c08/h04/mnt/171515/domains/hashfast.com/html/wp-includes/wp-db.php on line 880

Err.. I was just asking for shipping price.. does that take 103Mb?? Tongue


Doesn't work for me either. Looks like they may need to upgrade their hosting plan... CloudFlare hosted? If so, only $200/month for 100% uptime guarantee with business plan.
legendary
Activity: 934
Merit: 1000
Code:
Fatal error: Allowed memory size of 103809024 bytes exhausted (tried to allocate 11018523 bytes) in /nfs/c08/h04/mnt/171515/domains/hashfast.com/html/wp-includes/wp-db.php on line 880

Err.. I was just asking for shipping price.. does that take 103Mb?? Tongue

Might want to tell php to drop the public errors though...

EDIT: Still doesn't work.. Whats shipping costs to Europe? And will you be offering any hosting options?

Also, will fasthash miners come with valid certifications (CE / FCC) to prevent it from being stuck at customs like some BFL customers unfortunately noticed..?
sr. member
Activity: 490
Merit: 255
yes, then don't order.

in fact, you can blame me for advising them not to take cc's.  like i said in my thread, i had orders of 3 Jupiter's in at KNC, and 8 H boards with BitFury.  i never intended to order that many as a whole simply b/c i was playing the Ms. Fickle game of hedging my bets across multiple companies fully intending to cancel all but one order with whom i deemed the winner in my orderbook in the end.  so i artificially inflated the internal expectations at both these companies about what the demand was going to be going forward.

i consider myself a pretty rational actor and i knew if i was doing this that there were a great many of you doing the same thing.  thus, i told HashFast not to take cc's or paypal.  yes, it may decrease orders at the beginning but it will eliminate their internal volatility going into production.  they will be able to plan their expenses much more precisely. HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle.  they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.  

i really think one of those companies taking cc or paypal could undergo a walletectomy by having a darkhorse company like HashFast come out with a superior chip product.  yes, it may be just vaporware right now but tapeout is going to occur within a matter of days which is a significant milestone and they have additional plans in the works.

This does not compute. So it was ok for you to do it, lol
Isn't HashFast providing ASICs to IceDrill project?
Lets say if a customer decides to cancel their order I am sure somebody else would buy it or it can always be routed the IceDrill way.
HashFast wont be loosing any $ unless there is a special agreement for ID to buy cheaper.
So who is really getting screwed here by not taking CCs?
Keep in mind that some CCs offer price protection also if HF drops price lets say in Jan. my CC would give me a difference.

Just my 2c.

I may be one of the crazy btc-ers here, but the machine is going to make BTC.  I am fine with them charging in BTC.  My prior asic miner orders have been made in BTC, and I have been careful about who I order from. I am taking a risk, but this is BTC-land.  If there is no risk then there is definitely no ROI.  You want to live in the non-BTC land, go shop at walmart and best buy with your creditcard/fiat and buy GPUs.  I am going to need a Baby-Jet to make 60BTC in its lifetime.  It is quite simple.  

Yes, I would like it to be cheaper.  I want it to shoot rainbows and unicorns and swords that shoot lasers.  But its pricing is in-line if a bit cheaper than everything that is scheduled to come onto the market around the same time.  I am hedging my other BTC investments with an investment HashFast.  If they truly are going to provide weekly updates and regular communication, frankly that in an of itself is worth the cost after my Avalon orders.  Everyone who has met with them has been impressed and convinced.  Maybe they have super-strong Kool-aid in San Jose, but the old days of scammers with no intention of delivering (cedartec?) are quickly exposed.  I believe that HashFast (and the Bitfury folks) are trying in good faith to create a products that customers will benefit from owning.

If they deliver when expected, those folks who took the risk will get a the same ROI as other projects delivering in October.  If they don't deliver as expected, then those customers will make a negative ROI.  Again quite simple.  Those taking the risk are gambling that bet.

Edit: just because a company takes BTC doesn't mean that they can't offer refunds/compensation.  It just means that the customer isn't in control of how that compensation/refund is given. I maybe an idealist, but I believe that if the HashFast product isn't viable, there will some kind of compensation for those who took the bet.  Heck, even Avalon has offered some refunds (though still in the process, I have confidence they will deliver on that promise)
hero member
Activity: 826
Merit: 500
Crypto Investor ;) @ Farmed Account Hunter
yes, then don't order.

in fact, you can blame me for advising them not to take cc's.  like i said in my thread, i had orders of 3 Jupiter's in at KNC, and 8 H boards with BitFury.  i never intended to order that many as a whole simply b/c i was playing the Ms. Fickle game of hedging my bets across multiple companies fully intending to cancel all but one order with whom i deemed the winner in my orderbook in the end.  so i artificially inflated the internal expectations at both these companies about what the demand was going to be going forward.

i consider myself a pretty rational actor and i knew if i was doing this that there were a great many of you doing the same thing.  thus, i told HashFast not to take cc's or paypal.  yes, it may decrease orders at the beginning but it will eliminate their internal volatility going into production.  they will be able to plan their expenses much more precisely. HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle.  they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.  

i really think one of those companies taking cc or paypal could undergo a walletectomy by having a darkhorse company like HashFast come out with a superior chip product.  yes, it may be just vaporware right now but tapeout is going to occur within a matter of days which is a significant milestone and they have additional plans in the works.

This does not compute. So it was ok for you to do it, lol
Isn't HashFast providing ASICs to IceDrill project?
Lets say if a customer decides to cancel their order I am sure somebody else would buy it or it can always be routed the IceDrill way.
HashFast wont be loosing any $ unless there is a special agreement for ID to buy cheaper.
So who is really getting screwed here by not taking CCs?
Keep in mind that some CCs offer price protection also if HF drops price lets say in Jan. my CC would give me a difference.

Just my 2c.
sr. member
Activity: 252
Merit: 250
"455 in stock" has not changed in hours.
legendary
Activity: 3878
Merit: 1193
HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle.  they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.  

That sounds about right. As such, with an expected December delivery, this is a disappointing offering.
eve
full member
Activity: 210
Merit: 100
https://bitcointalk.org/index.php?topic=269950.480


Please read the above thread! That is what you get in pre order. Stay Away
legendary
Activity: 1680
Merit: 1014
To order or not to order, that is the question.  Huh

According to their site, "only" 455 out of 550 are available.

To be honest, I am too tired of the preorder games. I managed to get out of BFL; I have a Saturn preorder with KnC, and now this?! My first impulse was "I need to preorder it!", but then, if KnC ship, I, long with many other KnC customers will be driving the difficulty so high up that it will be a big question if HashFast's miner will pay off (not to mention give any profit) even at at its lower price tag.

I think I'll stick with KnC for now and then decide on my next move/upgrade when miners can be bought with next day delivery in sight.

My wallet has voted.
sr. member
Activity: 408
Merit: 250
yes, then don't order.

in fact, you can blame me for advising them not to take cc's.  like i said in my thread, i had orders of 3 Jupiter's in at KNC, and 8 H boards with BitFury.  i never intended to order that many as a whole simply b/c i was playing the Ms. Fickle game of hedging my bets across multiple companies fully intending to cancel all but one order with whom i deemed the winner in my orderbook in the end.  so i artificially inflated the internal expectations at both these companies about what the demand was going to be going forward.

i consider myself a pretty rational actor and i knew if i was doing this that there were a great many of you doing the same thing.  thus, i told HashFast not to take cc's or paypal.  yes, it may decrease orders at the beginning but it will eliminate their internal volatility going into production.  they will be able to plan their expenses much more precisely. HashFast doesn't want fickle customers jumping in and out of the order queue causing all sorts of headache and hassle.  they want committed customers who really understand what they're doing and are willing to wait until the end of December at the latest before they request a refund.  

i really think one of those companies taking cc or paypal could undergo a walletectomy by having a darkhorse company like HashFast come out with a superior chip product.  yes, it may be just vaporware right now but tapeout is going to occur within a matter of days which is a significant milestone and they have additional plans in the works.

No refunds my a$$. We can call the FBI and Best Business Bureau at the first sign of shady practices and I can guarantee you'll get your money back. There's no hiding by avoiding CC or paypal. "Committed customers" doesn't mean stupid customers of leap of faith customers at any cost. In this country there are consumer and commerce rights. This is not in Irak o North Korea.
sr. member
Activity: 266
Merit: 250
Okay great, first i love the future BTC development startups! Great! Keep the bitcoin network running, super, super!

But why the hell choose for this marketing and fabrication? I mean so many competitors these days..
And then offer 400Ghash/s for 5600.. With exspected diff of 150 mil @ Oktober if not more.. if all competitors deliver @ that time.

Again A will i ever make my ROI case? if you ask me.. "Borderline Hardware" Cool

Why not wait if DO you have the technology/company (startup) and make it beter, faster and cheaper on the end.
Like when the first Avalon batch came out. That was a killer strategy and ROI prices for the community. Make the speed 800 or 1200 for that price and announce it two weeks before shipment.
Make it killer hardware, you cant refuse.. But better sell 500 now than 5000 at the end? How many did that already?

Well i think the new Avalon chips and company strategy will be something like that anyway.. They will finish the old chip delivery (soon i hope). Go in development and than when all
is done (knc, klodikes, all other chip/development guys) are online they will come with a chip that brings an offer you cant refuse, just like batch 1/2 machines. Ghash/price ratio that is a killer..

Just my two cents..
member
Activity: 71
Merit: 10
HashFast is an interesting and much aticipated idea but please tell precisely whats Your plan to send working product to clients at the end of October.
To me this plan looks like quite ambitious one. Slightly too ambitious? I dont see any place for errors and delays. None.

So we have known phases - please provide a list of actions with roughly dates.

To have working device we need to:

1. Design a chip : do You have final design, its valid/seems working etc.?
2. Produce Chip : ??Whats You timeline here
3. Design PCB : ??Whats You timeline here
4A. Assembly service : ??Whats You timeline here
4B. BOM - components preorder : ??Whats You timeline here
5. Create software or adapt existing one : ??Whats You timeline here
6. Design/Adapt Case : ??Whats You timeline here
7. Start shipping  : 20-30 October

Above its a quick and dirty estimation of critical minestones of which each one have many intermediate steps. Of course some of them can be done in parallel.

Please provide Your estimations. This will show us how do you approach this project.
Jump to: