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Topic: HashFast announces specs for new ASIC: 400GH/s - page 84. (Read 880461 times)

legendary
Activity: 1630
Merit: 1000
i received it too but im not sure what to do with it.  i dont want to get charged more.

why would you be charged more?
member
Activity: 62
Merit: 10
i received it too but im not sure what to do with it.  i dont want to get charged more.
legendary
Activity: 1484
Merit: 1005
Has anyone outside of US received a letter from the bankruptcy court regarding the proceedings?

I have not received any so faf although I submitted the creditor's form.
Yes, I've gotten two.
sr. member
Activity: 462
Merit: 250
Has anyone outside of US received a letter from the bankruptcy court regarding the proceedings?

I have not received any so faf although I submitted the creditor's form.
hero member
Activity: 486
Merit: 500

the company is a shit show they have 200000k for payroll and less than 15000 in cash and they failed to produce proper inventory and provide additional info to make a deal... that sums up the hearing... and no reasonable person would make a deal if they dont have all the information to make a judgment call.
legendary
Activity: 1630
Merit: 1000
I gave them bitcoins I want bitcoins back.. But the logical question is this.

If bitcoin crashed. Would you still want your bitcoins? Even tho in the contract they said full bitcoin refund... So if you gave them 6 bitcoins and it crashed, would you be mad if you got your 6 bitcoins back or would you storm the gates for cash refunds even tho you agreed to btc refunds....


I originally bought and payed with bitcoins and was told my refund would be in bitcoins.  If bitcoin crashed, and they gave me back my bitcoins (60 BTC, worth little or nothing) it would be fine.  They kept their end of the deal.  
The fact is, Hashfast never kept their promises.

They lied and had no intent on delivering miners on October 20th.
They lied about giving us our refunds in BTC.
They could not keep their December 31st delivery date.
They could not keep their promise to deliver the MPP.

I payed 60BTC for my miner (1 miner) and I will probably see nothing or very little of that back.

PS. They made promises they new they couldn't keep and cost people millions of dollars.  That is fraud and they deserve jail time.

+ 1000 and don't forget all the batch 2, 3 & 4 customers who did not receive a thing!!!
Good point. In comparision we atleast got a unit even if months late and no mpp. Its more then nothing.
sr. member
Activity: 252
Merit: 250
I gave them bitcoins I want bitcoins back.. But the logical question is this.

If bitcoin crashed. Would you still want your bitcoins? Even tho in the contract they said full bitcoin refund... So if you gave them 6 bitcoins and it crashed, would you be mad if you got your 6 bitcoins back or would you storm the gates for cash refunds even tho you agreed to btc refunds....


I originally bought and payed with bitcoins and was told my refund would be in bitcoins.  If bitcoin crashed, and they gave me back my bitcoins (60 BTC, worth little or nothing) it would be fine.  They kept their end of the deal.  
The fact is, Hashfast never kept their promises.

They lied and had no intent on delivering miners on October 20th.
They lied about giving us our refunds in BTC.
They could not keep their December 31st delivery date.
They could not keep their promise to deliver the MPP.

I payed 60BTC for my miner (1 miner) and I will probably see nothing or very little of that back.

PS. They made promises they new they couldn't keep and cost people millions of dollars.  That is fraud and they deserve jail time.

+ 1000 and don't forget all the batch 2, 3 & 4 customers who did not receive a thing!!!
full member
Activity: 146
Merit: 100
I gave them bitcoins I want bitcoins back.. But the logical question is this.

If bitcoin crashed. Would you still want your bitcoins? Even tho in the contract they said full bitcoin refund... So if you gave them 6 bitcoins and it crashed, would you be mad if you got your 6 bitcoins back or would you storm the gates for cash refunds even tho you agreed to btc refunds....


I originally bought and payed with bitcoins and was told my refund would be in bitcoins.  If bitcoin crashed, and they gave me back my bitcoins (60 BTC, worth little or nothing) it would be fine.  They kept their end of the deal.  
The fact is, Hashfast never kept their promises.

They lied and had no intent on delivering miners on October 20th.
They lied about giving us our refunds in BTC.
They could not keep their December 31st delivery date.
They could not keep their promise to deliver the MPP.

I payed 60BTC for my miner (1 miner) and I will probably see nothing or very little of that back.

PS. They made promises they new they couldn't keep and cost people millions of dollars.  That is fraud and they deserve jail time.
newbie
Activity: 28
Merit: 0
I gave them bitcoins I want bitcoins back.. But the logical question is this.

If bitcoin crashed. Would you still want your bitcoins? Even tho in the contract they said full bitcoin refund... So if you gave them 6 bitcoins and it crashed, would you be mad if you got your 6 bitcoins back or would you storm the gates for cash refunds even tho you agreed to btc refunds....
sr. member
Activity: 252
Merit: 250
I wont be satisfied until these guys go to jail

Jail? seems very harsh. I mean all they did was take money on preorders for a product they delivered months late. I mean bfl is still in business and they shipped over a year late

whats harsh is that EVERYONE would of never bought thier hardware when they promised full BTC refund and promised false delivery dates.. now we got to goto courts to receive what?Huh half or less or nothing depending on what money they have left and how many more people piling up not receiving their hardware?

I have paid 4k+ for nothing, no hardware or anything....they deserve to be punished! They stole my money when they knew they would not be able to ship the product!
sr. member
Activity: 255
Merit: 250
Very interested to know their explanation of totally neglecting customer support too...
legendary
Activity: 1176
Merit: 1001
+1, but a complete explanation of what happened that doesn't contradicts itself would satisfy my wish of seeing them in prison.
sr. member
Activity: 255
Merit: 250
Quote
Hearing held and continued. Debtor to supplement motion by 7/10/14 unless a stipulation is reached. (related document(s): 68Motion to Amend filed by Hashfast Technologies LLC)Hearing scheduled for 07/11/2014 at 03:00 PM at San Francisco Courtroom 22 - Montali.(lp ) Modified on 7/7/2014 (lp). (Entered: 07/07/2014)

What happened? I'm traveling starting tomorrow so I won't be able to listen to the court audio(s) easily. If someone wanted to spend a paragraph to describe it, thank you.

+1 that would be nice. when you get back you should make a simple weekly newsletter to all hashfast creditors that just tells them the latest info.

The committee will have a web site up for all creditors very shortly.  It's very difficult for us right now, there is a lot happening right now, and a lot more under way.  But most of the information is confidential, and what isn't could compromise our ability to make full recovery for the creditors.

Suffice to say that we are all working very hard to get the best outcome possible for all of the creditors.  I personally have been working 7 days a week on this for at least 3 weeks, and don't intend to slow down until the situation is under control.

+1
hero member
Activity: 486
Merit: 500
I wont be satisfied until these guys go to jail

Jail? seems very harsh. I mean all they did was take money on preorders for a product they delivered months late. I mean bfl is still in business and they shipped over a year late

whats harsh is that EVERYONE would of never bought thier hardware when they promised full BTC refund and promised false delivery dates.. now we got to goto courts to receive what?Huh half or less or nothing depending on what money they have left and how many more people piling up not receiving their hardware?
legendary
Activity: 1630
Merit: 1000
I wont be satisfied until these guys go to jail

Jail? seems very harsh. I mean all they did was take money on preorders for a product they delivered months late. I mean bfl is still in business and they shipped over a year late
sr. member
Activity: 476
Merit: 250
Quote
Hearing held and continued. Debtor to supplement motion by 7/10/14 unless a stipulation is reached. (related document(s): 68Motion to Amend filed by Hashfast Technologies LLC)Hearing scheduled for 07/11/2014 at 03:00 PM at San Francisco Courtroom 22 - Montali.(lp ) Modified on 7/7/2014 (lp). (Entered: 07/07/2014)

What happened? I'm traveling starting tomorrow so I won't be able to listen to the court audio(s) easily. If someone wanted to spend a paragraph to describe it, thank you.

+1 that would be nice. when you get back you should make a simple weekly newsletter to all hashfast creditors that just tells them the latest info.

The committee will have a web site up for all creditors very shortly.  It's very difficult for us right now, there is a lot happening right now, and a lot more under way.  But most of the information is confidential, and what isn't could compromise our ability to make full recovery for the creditors.

Suffice to say that we are all working very hard to get the best outcome possible for all of the creditors.  I personally have been working 7 days a week on this for at least 3 weeks, and don't intend to slow down until the situation is under control.

thank you so much!
hero member
Activity: 486
Merit: 500
I wont be satisfied until these guys go to jail
hero member
Activity: 756
Merit: 501
Quote
Hearing held and continued. Debtor to supplement motion by 7/10/14 unless a stipulation is reached. (related document(s): 68Motion to Amend filed by Hashfast Technologies LLC)Hearing scheduled for 07/11/2014 at 03:00 PM at San Francisco Courtroom 22 - Montali.(lp ) Modified on 7/7/2014 (lp). (Entered: 07/07/2014)

What happened? I'm traveling starting tomorrow so I won't be able to listen to the court audio(s) easily. If someone wanted to spend a paragraph to describe it, thank you.

+1 that would be nice. when you get back you should make a simple weekly newsletter to all hashfast creditors that just tells them the latest info.

The committee will have a web site up for all creditors very shortly.  It's very difficult for us right now, there is a lot happening right now, and a lot more under way.  But most of the information is confidential, and what isn't could compromise our ability to make full recovery for the creditors.

Suffice to say that we are all working very hard to get the best outcome possible for all of the creditors.  I personally have been working 7 days a week on this for at least 3 weeks, and don't intend to slow down until the situation is under control.
legendary
Activity: 1176
Merit: 1001
What part do you find interesting?
For normal people like us, that was the most interesting hearing so far.
sr. member
Activity: 479
Merit: 250

That audio is from yesterday's (July 7th) hearing.  What part do you find interesting?
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