They can bank with as many banks they want where ever they want. I don't care. LB AND its parent company are US companies, and have been for some years. That's all I would have cared about. There are many btc companies that have banks accounts all over the world in case of problems. This being said: 1. which Bank are you refereing to because I didn't see that anywhere; 2. They did propose to put up cash upfront as part of the deal -- vanish to where? I think the DD on them was pretty thorough, the datacenters they do use are all in the US but the deal was NOT acceptable to the Creditor's council. Period. OK. Fine. If there is better, then it was the right call. 3. Who cares ? The deal is OFF the table and has been for a while now.
Can we know what is going on now? What are the propositions on the table and what is the truth of our outlooks? What better proposition do we have? Why don't we have any updates at all besides everything being Monica's fault?
Topic: HashFast announces specs for new ASIC: 400GH/s - page 65. (Read 880728 times)
Lb parent company banks in an Indian Ocean tax shelter. You still miss the deal now? They can close up and vanish like a fart in the wind.
Are you still blaming Monica because we dont have a cro yet?
Why do I have to beg for updates?
Why do I have to beg for updates?
Agreed. Why? And frankly, blaming Monica is getting really old and annoying. LB deal has been out of the picture for some time now. I am now starting to fear that we might all miss their proposition later on.
I've been slowly catching up on this thread and court tapes. I think I did hear right when Ashley, the lawyer for the Creditor's Council, told the Court that in the Creditor's opinion, the chips were NOT a depreciating asset?! Seriously? What end game does the Creditor's Council want? It is getting very hard to understand and to believe in them. I had previously not taken any claims of conflict of interests at the Creditor's council leadership level seriously. Perhaps this was a mistake and the issue deserves to be revisited. This being said, even if true, it's getting really too late in the exercise to do anything about it. I wonder how much HF's assets left have depreciated with the latest rise in network difficulty.
Are you still blaming Monica because we dont have a cro yet?
Why do I have to beg for updates?
Why do I have to beg for updates?
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks. 850GHs delivered *now* from US address (only local USPS shipping is paid) = 1.04 BTC
https://bitcointalksearch.org/topic/block-erupter-tube-sales-information-thread-round4-price-at-1btc-per-ths-735728
Power consumption just a bit over HashFast.
So 1.1 THs should cost (1.1 / 0.85) * 1.04 = 1.35 BTC = 688 US$
Edit (proof): US buy thread: https://bitcointalksearch.org/topic/asicminer-tube-group-buy-2-735982
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks. 850GHs delivered *now* from US address (only local USPS shipping is paid) = 1.04 BTC
https://bitcointalksearch.org/topic/block-erupter-tube-sales-information-thread-round4-price-at-1btc-per-ths-735728
Power consumption just a bit over HashFast.
So 1.1 THs should cost (1.1 / 0.85) * 1.04 = 1.35 BTC = 688 US$
Exactly.
Edit (proof): US buy thread: https://bitcointalksearch.org/topic/asicminer-tube-group-buy-2-735982
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks. 850GHs delivered *now* from US address (only local USPS shipping is paid) = 1.04 BTC
https://bitcointalksearch.org/topic/block-erupter-tube-sales-information-thread-round4-price-at-1btc-per-ths-735728
Power consumption just a bit over HashFast.
So 1.1 THs should cost (1.1 / 0.85) * 1.04 = 1.35 BTC = 688 US$
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks.
So, whats fair for 1.1TH these days?
We have a definite answer to that question:
850GHs delivered *now* from US address (only local USPS shipping is paid) = 1.04 BTC
https://bitcointalksearch.org/topic/block-erupter-tube-sales-information-thread-round4-price-at-1btc-per-ths-735728
Power consumption just a bit over HashFast.
So 1.1 THs should cost (1.1 / 0.85) * 1.04 = 1.35 BTC = 688 US$
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks.
So, whats fair for 1.1TH these days?
Using low electricity costs and low difficulty increase, it looks like the unit will succumb to electricity costs in January 2015 after earning $728, or 1.99 BTC.
Of course, all of these numbers will turn out to be wrong.
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks.
So, whats fair for 1.1TH these days?
Including PSU, I'd say 1100 USD - 1300 USD (also depends on power consumption ofcourse).
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks.
So, whats fair for 1.1TH these days?
That's some serious marketing effort.
Yep.. They sent a test unit to Dogie and he has a review up. The price sucks.
That's some serious marketing effort.
Bitcrane (http://www.bitcrane.com/) is selling overpriced HF completed miners.
Quote
Notice of HearingOfficial Committee of Unsecured Creditors' Notice of Rescheduled Hearing on Motion for Substantive Consolidation(RE: related document(s) 148Motion to Consolidate CasesOfficial Committee of Unsecured Creditors' Motion for Substantive ConsolidationFiled by Creditor Committee Official Committee Of Unsecured Creditors).Hearing scheduled for 9/10/2014 at 09:30 AM at San Francisco Courtroom 22 - Montali.Filed by Creditor Committee Official Committee Of Unsecured Creditors (McDow, Ashley) (Entered: 08/13/2014)
Not knowing anything is frustrating. With HF before, with the committee now.
Do we know who the CRO is? I cannot seem to find a name anywhere.
The supposed (because no one is updating us) cro name is in the latest audio file I posted. 
Do we know who the CRO is? I cannot seem to find a name anywhere.
Thanks, I am still finding it really hard to get over what has happened, as a Bitcoin miner you take such a risk when buying equipment in the hope that you ROI, but to get totally robbed like this is really sickening! It's going to be really hard for me now as a Bitcoin hobbyist miner to ever earn back the 4.5k Hashfast have stolen from me!
How long realistically do you reckon it will take to get a resolution and some kind of compensation check?
The court's deadline for filing claims is October 6th, 2014. It's my understanding that the earliest that any money would be paid out is some time after that date.
Would also depend on how fast they get funds. Buy out, liquidation or a combo of both. CRO can attempt to get finished product out maybe save the company... they need an infusion of cash to restart.
How long realistically do you reckon it will take to get a resolution and some kind of compensation check?
The court's deadline for filing claims is October 6th, 2014. It's my understanding that the earliest that any money would be paid out is some time after that date.
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