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Topic: HashFast announces specs for new ASIC: 400GH/s - page 572. (Read 880461 times)

hero member
Activity: 518
Merit: 500
Hodl!
 Or are you willing to hurt your investors by letting your mining gear lose value by letting it idle?

Sounds like they are committing to the "middle way" as it were, if they sell too much too soon it becomes quickly worthless. It's like putting a swimming pool in your backyard and trying to sell a "share" to everyone in town, by the time you sold a few hundred and people noticed a queue round the block on hot days, the remaining shares would be worthless. If you based your business model on 2x profit on 50,000 shares, you've lost money. If however you had charged more for the shares, $10 vs a dime and sold a few hundred, you'd get your money and occupancy ratio of the pool might be reasonable enough that the shares actually retain value. It's a poor analogy, but not many actually work for the bitcoin situation.
hero member
Activity: 518
Merit: 500
Hodl!
At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.

Good to hear, thanks.
full member
Activity: 210
Merit: 100
The problem with making less chips is that nobody will quite believe that they are not going to make more in the future, so they will be nervous at spending 1000 per chip when they might end up competing with people who paid a third of that in a couple of short months... (AM schooled a lot of people with that methinks)

The problem with making more chips is total market saturation and the whole bitcoin world pissed off at you, because it's practically holding a gun to your head and saying "Buy our chip or give up mining" because it's gonna turn everything else into doorstops in short order.



At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.

How do you defend against "large, centralized secret mines"?  By matching & surpassing their hashrate every step of the way?  Or are you willing to hurt your investors by letting your mining gear lose value by letting it idle?
hero member
Activity: 532
Merit: 500
The problem with making less chips is that nobody will quite believe that they are not going to make more in the future, so they will be nervous at spending 1000 per chip when they might end up competing with people who paid a third of that in a couple of short months... (AM schooled a lot of people with that methinks)

The problem with making more chips is total market saturation and the whole bitcoin world pissed off at you, because it's practically holding a gun to your head and saying "Buy our chip or give up mining" because it's gonna turn everything else into doorstops in short order.



At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.

+1. That's def what we all want to hear.

On a side, Simon can you please put that Twitter account thing to bed, and explain what that was all about? Esp after the Gridfinty hiccup.
full member
Activity: 253
Merit: 101
Anxiously waiting for details on the product lineup.
legendary
Activity: 1680
Merit: 1014
The problem with making less chips is that nobody will quite believe that they are not going to make more in the future, so they will be nervous at spending 1000 per chip when they might end up competing with people who paid a third of that in a couple of short months... (AM schooled a lot of people with that methinks)

The problem with making more chips is total market saturation and the whole bitcoin world pissed off at you, because it's practically holding a gun to your head and saying "Buy our chip or give up mining" because it's gonna turn everything else into doorstops in short order.



At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.

Amen to that. This is the best and the most confidence-building statement so far. Thank you.
newbie
Activity: 56
Merit: 0
The problem with making less chips is that nobody will quite believe that they are not going to make more in the future, so they will be nervous at spending 1000 per chip when they might end up competing with people who paid a third of that in a couple of short months... (AM schooled a lot of people with that methinks)

The problem with making more chips is total market saturation and the whole bitcoin world pissed off at you, because it's practically holding a gun to your head and saying "Buy our chip or give up mining" because it's gonna turn everything else into doorstops in short order.



At Hashfast we know that the best thing for bitcoin is a healthy, strong mining ecosystem. We are working on a pricing and release strategy to make sure miners make money (including the smaller guys), and the ecosystem remains vibrant. Without this bitcoin is damaged, and value is lost for everyone. By releasing capacity at a limited rate and reasonable price we help defend the network against the large, centralized secret mines that are surely coming. This is the best result for everyone.
hero member
Activity: 518
Merit: 500
Hodl!
Now, you'll notice that the jump from the P4 to today is way less then the jump between the first Pentium chip and the 286.  That's because thermal issues are a big deal now compared to when the first Pentium came out.
That's kind of my point, a jump from prescott class technology that the gigahash level tech is on, to current process size shouldn't be worth a 100X performance increase.

There's also the die size issue.  HashFast may simply be making really large chips. That's what KnC plans to do, and they're planning on at least 100Ghash per chip, compared to 0.3 for the Avalon.
I'm not thinking huge chips improve their chances in any way at all with dealing with power and heat issues.

KNC's "device" is odd, filtering what they have said has lead me to believe they are putting 4 dies in one package.
full member
Activity: 238
Merit: 100
Well, if you order a KnC today it should come sometime in October.
sr. member
Activity: 490
Merit: 255
Take it as rumor now... but they could be 1/2 the price according to a newbie post (whom I speculate is a Hashfast sockpuppet).

https://bitcointalksearch.org/topic/m.2834621
It's not a scam. It's a legitimate company - I talked with Mr.Bateman and he confirmed that 400g/h miners will be available November 2013 at $4-5k usd.

This means miners of 1 T/Hs or more will be sold for the price of one 500g/h BFL miner

When you guys get these please do not join BTC-guild that is all
full member
Activity: 173
Merit: 100
Maybe it's just me, as I don't get all the excitement... but why would anyone want to buy a 400 GH/s miner in November when you can get one in September from KNC and October from KNC/Bitfury? From what I can tell, the difficulty will rise a lot in October if everyone delivers. Unless these 400GH/s machines are half the price of a 400 GH/s KNC/Bitfury machine I don't think you'll see much of a return.
full member
Activity: 238
Merit: 100
it's happened recently
AND it's ALMOST (90%+) legal now (JOBS ACT that's taking forever to implement)
general solicitation is legal as of now from what i understand and sec will only be coming after actual cases of fraud.
again, they would probably need to speak to a general counsel regarding this but i'm pretty sure if it's not almost legal it will be soon
they can solicit bitcoins for shares of company i'm pretty sure - not sure about as far as listing them on exchanges. hmm

The JOBS act has restrictions on how much each person can invest, and yeah it hasn't been implemented (And seriously, WTF is taking so long?)

You can always create a real corporation and issue shares to "qualified investors", but in that case you have to have a certain amount of money to be able to legally invest. OTOH, if you had a foreign investor, that investor could then turn around sell portions of their shares on an exchange, but if something went wrong there wouldn't be any legal recourse.

On the other hand, depending on where bitcoin prices end up these companies could very well end up traded on real stock exchanges (the same way you see gold mining stocks)
sr. member
Activity: 434
Merit: 250
Can't remember, are you guys doing pre-orders or no...?

count on it.
hero member
Activity: 602
Merit: 500
will you remain private or "ipo" to bitcoiners

I don't think any US company would ever do an IPO on one of the bitcoin stock exchanges, it's way to legally risky. Maybe in China it's a different story.

it's happened recently
AND it's ALMOST (90%+) legal now (JOBS ACT that's taking forever to implement)
general solicitation is legal as of now from what i understand and sec will only be coming after actual cases of fraud.
again, they would probably need to speak to a general counsel regarding this but i'm pretty sure if it's not almost legal it will be soon
they can solicit bitcoins for shares of company i'm pretty sure - not sure about as far as listing them on exchanges. hmm

anyways, just threw it out there
full member
Activity: 238
Merit: 100
will you remain private or "ipo" to bitcoiners

I don't think any US company would ever do an IPO on one of the bitcoin stock exchanges, it's way to legally risky. Maybe in China it's a different story.
hero member
Activity: 552
Merit: 500
i spent the day there yesterday.  got a chance to meet all the team and spent good time with Eduardo and Simon, the principals.  sitting down with ppl and looking them in the eye speaks volumes.

these guys are legit and the Hashfast office is embedded within Uniquify physically.  their team was hard at work.   was fortunate to also speak to some of the important Uniquify ppl as well.  they truly have the customer in mind first and foremost.  

they are doing extraordinary things and i am looking forward to the next generation of ASIC mining.

Yep I agree..

btw followed your link in your sig, makes my head spin like your avatar coin Smiley
hero member
Activity: 532
Merit: 500
i spent the day there yesterday.  got a chance to meet all the team and spent good time with Eduardo and Simon, the principals.  sitting down with ppl and looking them in the eye speaks volumes.

these guys are legit and the Hashfast office is embedded within Uniquify physically.  their team was hard at work.   was fortunate to also speak to some of the important Uniquify ppl as well.  they truly have the customer in mind first and foremost.  

they are doing extraordinary things and i am looking forward to the next generation of ASIC mining.

Glad to see some Bay Area love on the boards. Keep it up Silicon Valley. Will gladly pre-order when your guys are making those for people. Would prefer to have my system hosted by you guys though instead of in my home.

I think they're outsourcing that, from what they mentioned yesterday, Gridfinity were handling hosting...

https://bitcointalksearch.org/topic/m.2827605
sr. member
Activity: 356
Merit: 250
i spent the day there yesterday.  got a chance to meet all the team and spent good time with Eduardo and Simon, the principals.  sitting down with ppl and looking them in the eye speaks volumes.

these guys are legit and the Hashfast office is embedded within Uniquify physically.  their team was hard at work.   was fortunate to also speak to some of the important Uniquify ppl as well.  they truly have the customer in mind first and foremost.  

they are doing extraordinary things and i am looking forward to the next generation of ASIC mining.

Glad to see some Bay Area love on the boards. Keep it up Silicon Valley. Will gladly pre-order when your guys are making those for people. Would prefer to have my system hosted by you guys though instead of in my home.
sr. member
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
Hi John,
Care to explain the most entertaining twitter account deletion, too, please?
full member
Activity: 154
Merit: 100
Make sure your order queue system is extremely clear and transparent.  Aside from delays, nothing causes more angst on these boards then order queue positioning.  And of course delays just make it worse.

If I were I would make sure the queue system is programmed and automated and clear to the user before you take orders.  (If you don't want to disclose exactly how many units are in the queue, you should do something like show a percentage: i.e. what percentage of orders are in front of you, and what % of orders has already shipped)

We hear you. We intend to be as transparent as possible about sales volume, and order queue.

Also, you probably want hire someone specifically to deal with customer service.

I completely agree with you.  I'm also interested in hearing what kinds of customer service issues you've experienced.

John


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