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Topic: HashFast announces specs for new ASIC: up to 800GH/s - page 5. (Read 29808 times)

legendary
Activity: 1176
Merit: 1001
-designed, produced, and delivered multiple petahashes of the World's Fastest Bitcoin Mining ASIC
-given 105% refunds to the few who requested them
-given MPP for free as delay compensation
1) FALSE
2) FALSE
3) FALSE

However, good luck with using this kind of arguments to prove your innocence.
Posted from Bitcointa.lk - #Wym0LBVQ4kE5rHw3
hero member
Activity: 991
Merit: 500

-designed, produced, and delivered multiple petahashes of the World's Fastest Bitcoin Mining ASIC
-given 105% refunds to the few who requested them
-given MPP for free as delay compensation


-That doesn't matter when you're months late
-If you would have delivered on time, people would not have needed refunds.
-No one has gotten MPP. I am still waiting on Upgrades..

HashFast_CL, it amazes me how you feel like you actually have a defense..

I mean, come on.. You work for HashFast.

This is more pathetic than when Josh Zerlan would go on his rants against his customers.

You seem to have a whole lot of time on your hands..
full member
Activity: 168
Merit: 100
HashFast Community Liaison
what I should be doing is perusing criminal charges. Your theft is not just a civil matter at this point

Oh brother, could you possibly be more maudlin and self-pitying?   Roll Eyes

A 105% refund is not "nothing" no matter how much you prefer a 600% windfall.

No court is going to ignore the fact you refused a refund in legal tender.

Have you read a Federal Reserve Note lately?  It does what it says on the label (settle all debts, public and private).

Wow, I've been following Hashfast hoping to buy from them after they worked the kinks out of their first batches but after reading the stories in the various threads on here I gotta say I wouldn't go near them.

You contradict yourself and change your story so much it is hard to take you seriously.  It's also pretty incredible that you are here disparaging your customers for asking you to hold up your end of the bargain.

A check isn't legal tender, cash and coin is. You were also apparently forcing people to agree to additional terms and conditions if they accepted that check.  That isn't a refund that is hush money and it appears that no one is buying your crap so now you are on here calling them names!

Hashfast seems to be the one wanting to hold onto ill gotten windfall profits.  You guys look to have been totally incompetent in your execution and when you realized you were sitting on $100 Million+ is USD gains because of Bitcoins price increase you decided to hire a lawyer to try and keep it even though you failed in every respect to provide the products your customers paid you for in a timely fashion even by your own changing definition of on time.  In the mean time you put on a good show of trying your hardest to fix your issues while you fend off the lawsuits from the customers you defrauded and end up with a nice pile of cash/Bitcoin if it all works out in your favor in a few years when all the lawsuits are resolved.  Incredible.

Anyone want to make a BTC bet that someone from Hashfast ends up in prison for fraud before this is all over because I gotta say it's looking more and more like a straight up con.

A check represents legal tender.  If you had a stronger argument, you wouldn't need to delve into such silly semantic games.

A "straight up con" wouldn't have

-designed, produced, and delivered multiple petahashes of the World's Fastest Bitcoin Mining ASIC
-given 105% refunds to the few who requested them
-given MPP for free as delay compensation

Madoff was a "straight up con."
Pirate@40 was a "straight up con."
Labcoin was a ""straight up con."

Maybe you should be more careful with your choice of words, because when you accuse a legitimate business of being a "straight up con" it makes you look unwise and less than credible.
hero member
Activity: 991
Merit: 500
You have time to complain to the forum, bother the State of Californa, and hire a lawyer.

But you don't have time to actually pursue a case in court?

More like, you know your quest for a ~600% gain for doing nothing is doomed to fail if it ever reached a proper venue.

Better stick to the court of public opinion, where your narrative of victimization may fool a few rubes.

"Emotional tolerance?"  IOW, you can't stand the idea of a judge ruling your demand for a free pony named Windfall is ludicrous.  That buyer's remorse is just awful, isn't it?   Sad

Why did you agree to be a windfall?

How can you offer full btc refunds thinking the price will be stable? Are you new to bitcoin? Since the invention of bitcoin, we have yet to see a period longer than a few days let alone months where the price did not swing dramatically. If you did not understand that then you should not be doing business in bitcoin.

Then you create a windfall protection plan by offering possible compensation for delays.

Then you decide to give neither btc refunds or the extra hashing power which was the only reason people decided to go with your company.

Then you complain that it is the customers who are mistakenly looking for a windfall when you sold them a windfall.

Good luck in court.

Thanks for helping make my point, that HashFast's ToS do not provide for windfalls or otherwise create unlimited liability on our part in the event of massive BTC/USD fluctuations.

Any interpretation of the ToS claiming HashFast must provide windfalls or otherwise be infinitely liable for BTC/USD fluctuation is not reasonable, much less enforceable.

MPP is coming SoonTM.  Sit tight and be patient.  Great things come to those who wait!   Wink

How much longer till MPP and upgrades?
full member
Activity: 168
Merit: 100
HashFast Community Liaison
You have time to complain to the forum, bother the State of Californa, and hire a lawyer.

But you don't have time to actually pursue a case in court?

More like, you know your quest for a ~600% gain for doing nothing is doomed to fail if it ever reached a proper venue.

Better stick to the court of public opinion, where your narrative of victimization may fool a few rubes.

"Emotional tolerance?"  IOW, you can't stand the idea of a judge ruling your demand for a free pony named Windfall is ludicrous.  That buyer's remorse is just awful, isn't it?   Sad

Why did you agree to be a windfall?

How can you offer full btc refunds thinking the price will be stable? Are you new to bitcoin? Since the invention of bitcoin, we have yet to see a period longer than a few days let alone months where the price did not swing dramatically. If you did not understand that then you should not be doing business in bitcoin.

Then you create a windfall protection plan by offering possible compensation for delays.

Then you decide to give neither btc refunds or the extra hashing power which was the only reason people decided to go with your company.

Then you complain that it is the customers who are mistakenly looking for a windfall when you sold them a windfall.

Good luck in court.

Thanks for helping make my point, that HashFast's ToS do not provide for windfalls or otherwise create unlimited liability on our part in the event of massive BTC/USD fluctuations.

Any interpretation of the ToS claiming HashFast must provide windfalls or otherwise be infinitely liable for BTC/USD fluctuation is not reasonable, much less enforceable.

MPP is coming SoonTM.  Sit tight and be patient.  Great things come to those who wait!   Wink
member
Activity: 92
Merit: 10

Let's just agree to disagree when it comes to refunds and contractual obligations. I have a feeling this will have to be fought out in court or arbitration. Not here as it has already been discussed ad nauseam. (I do think potential new customers should be warned of the risks though)

Instead, HashFast_CL (As the community liaison and official spokesperson for HashFast on this forum) can you please help to make this thread more constructive by providing useful information including:

* Expected MPP shipments & quantities for Batch 1 customers.
* Upgrades shipment schedule
* Current production/logistical issues (if any)
* Upcoming firmware updates and cgminer improvements.
* Actual 'out-of-box' product specifications
* etc.

Can we just try to make the best out of a bad situation? Together? Show your customers you are willing to work with us, not against us.

that would be great, because support still ignoring my emails...
hero member
Activity: 605
Merit: 500
Let's just agree to disagree when it comes to refunds and contractual obligations. I have a feeling this will have to be fought out in court or arbitration. Not here as it has already been discussed ad nauseam. (I do think potential new customers should be warned of the risks though)

Instead, HashFast_CL (As the community liaison and official spokesperson for HashFast on this forum) can you please help to make this thread more constructive by providing useful information including:

* Expected MPP shipments & quantities for Batch 1 customers.
* Upgrades shipment schedule
* Current production/logistical issues (if any)
* Upcoming firmware updates and cgminer improvements.
* Actual 'out-of-box' product specifications
* etc.

Can we just try to make the best out of a bad situation? Together? Show your customers you are willing to work with us, not against us.


legendary
Activity: 3878
Merit: 1193
No court is going to ignore the fact you refused a refund in legal tender.

Have you read a Federal Reserve Note lately?  It does what it says on the label (settle all debts, public and private).

Wait, you sent gmaxwell Federal Reserve Notes??? If you didn't send Federal Reserve Notes, then it makes absolutely no difference what is written on them, because you didn't send him any.
full member
Activity: 216
Merit: 100
Don't let the nam-shub in your operating system.
Quote
We built the machines we were paid for;

If you actually did then you're using our property to mine for yourselves.  I agree with Micky25, stalling for time, why else would HashFast hire a corporate collections professional to head their customer service department?

legendary
Activity: 974
Merit: 1000
Are you familiar with the concept of 'reducio ad absurdum?"
You probably are very familiar with it, because it seems to be the main principle of HashLast when it comes to customer value.

The way you avoid answers about production numbers and delivery dates makes me think, again, that HashLast has initiated the shutdown sequence and is closing.

And you are only buying time with your pathetic tries to bend reality and business rules, to make them fit to your own delusional paradigms.
newbie
Activity: 11
Merit: 0
what I should be doing is perusing criminal charges. Your theft is not just a civil matter at this point

Oh brother, could you possibly be more maudlin and self-pitying?   Roll Eyes

A 105% refund is not "nothing" no matter how much you prefer a 600% windfall.

No court is going to ignore the fact you refused a refund in legal tender.

Have you read a Federal Reserve Note lately?  It does what it says on the label (settle all debts, public and private).

Wow, I've been following Hashfast hoping to buy from them after they worked the kinks out of their first batches but after reading the stories in the various threads on here I gotta say I wouldn't go near them.

You contradict yourself and change your story so much it is hard to take you seriously.  It's also pretty incredible that you are here disparaging your customers for asking you to hold up your end of the bargain.

A check isn't legal tender, cash and coin is. You were also apparently forcing people to agree to additional terms and conditions if they accepted that check.  That isn't a refund that is hush money and it appears that no one is buying your crap so now you are on here calling them names!

Hashfast seems to be the one wanting to hold onto ill gotten windfall profits.  You guys look to have been totally incompetent in your execution and when you realized you were sitting on $100 Million+ is USD gains because of Bitcoins price increase you decided to hire a lawyer to try and keep it even though you failed in every respect to provide the products your customers paid you for in a timely fashion even by your own changing definition of on time.  In the mean time you put on a good show of trying your hardest to fix your issues while you fend off the lawsuits from the customers you defrauded and end up with a nice pile of cash/Bitcoin if it all works out in your favor in a few years when all the lawsuits are resolved.  Incredible.

Anyone want to make a BTC bet that someone from Hashfast ends up in prison for fraud before this is all over because I gotta say it's looking more and more like a straight up con.
legendary
Activity: 1112
Merit: 1000
There was no breach of contract; HashFast either delivered the goods or issued (5% more than) full refunds to all Batch 1 customers.

You did not replace the broken BBJet I got. It's still underperforming even after a few firmware updates. The initial emails I got said "if this firmware does not fix it, I'll have a replacement board shipped to you on Monday". Lies. Breach of contract.

You did not ship out any of the MPP on the BBJets of Batch #1 you shipped. The MPP calculation started 1st of November, so you could have shipped it out the 1st of Feb. You did not. So yet another breach of contract

Do I need to bring up the still-to-ship upgrade kits? Batch #2 Sierras? The MPP on those Sierras?

How many breaches of contract are you looking at at this point? 5?

Plus the pertinent lies your marketing crew spewed up luring in punters, like "we'll do full BTC refunds"
staff
Activity: 4200
Merit: 8441
Oh brother, could you possibly be more maudlin and self-pitying?   Roll Eyes
A 105% refund is not "nothing" no matter how much you prefer a 600% windfall.
No court is going to ignore the fact you refused a refund in legal tender.
Have you read a Federal Reserve Note lately?  It does what it says on the label (settle all debts, public and private).
You did not offer me a refund, you offered me a settlement— as was plainly stated. The settlement was for a fraction of what you owe me according to our established agreement and had burdensome additional terms which I have never and will never agree to. (If we're to be pedantic: You also did not offer me federal reserve notes, fwiw.)

No court is going to ignore that you ignored a mountain of letters from me and my months long good faith effort to sort this out in a mutually agreeable manner, no court is going to ignore that you've never offered me a _refund_ just an additional contract "settlement" for a fraction of our agreed on terms. No court is going to ignore that you you're now publicly claiming that you're not going to pay me anything at all.

As I pointed out in prior (I believe now deleted) messages: I would happily take alternative compensation for your default and would even prefer alternative compensation if it was mutually beneficial. What I wouldn't accept is a tiny fraction of a refund plus a "disparagement agreement" while you walk away with a huge windfall and leave dozens of other customers screwed over here— while the "disparagement agreement" left me less able to help them.

But speaking of court— you're saying you're so confident about the outcome, OKAY— where is my release from the forced arbitration so we can actually take it to court without a months long dispute over the proper venue?
full member
Activity: 168
Merit: 100
HashFast Community Liaison
what I should be doing is perusing criminal charges. Your theft is not just a civil matter at this point

Oh brother, could you possibly be more maudlin and self-pitying?   Roll Eyes

A 105% refund is not "nothing" no matter how much you prefer a 600% windfall.

No court is going to ignore the fact you refused a refund in legal tender.

Have you read a Federal Reserve Note lately?  It does what it says on the label (settle all debts, public and private).
staff
Activity: 4200
Merit: 8441
You have time to complain to the forum, bother the State of Californa, and hire a lawyer.
I have a standing relationship with an attorney for a multitude of reasons.  I don't know why you keep talking about "bother the state of california", I believe I've not yet ever communicated with the state of California on any matter what-so-ever, and certainly not you or your company. You need to discontinue your lying here.

Quote
More like, you know your quest for a ~600% gain for doing nothing is doomed to fail if it ever reached a proper venue.
Okay, release me from the forced arbitration clause so that there isn't ton of time wasted arguing about the venue— since you're so confident that you'll prevail— and I'll go head with lawsuit now that you've _finally_ admitted that you're planning on actually returning nothing at all— and not leaving me thinking that you just have not been getting my letters.

By taking my funds and giving absolutely nothing, no refund no product you are a thief. And perhaps really what I should be doing is perusing criminal charges. Your theft is not just a civil matter at this point: No theory of law enables you to take peoples funds and give them nothing and then argue that they've somehow forfeit your obligation because you've successfully ignored all their attempts to communicate or negotiate and they wouldn't take a tiny fractional one-sided 'settlement' with onerous additional terms.
yxt
legendary
Activity: 3528
Merit: 1116
Let's just agree to disagree when it comes to refunds and contractual obligations. I have a feeling this will have to be fought out in court or arbitration. Not here as it has already been discussed ad nauseam. (I do think potential new customers should be warned of the risks though)

Instead, HashFast_CL (As the community liaison and official spokesperson for HashFast on this forum) can you please help to make this thread more constructive by providing useful information including:

* Expected MPP shipments & quantities for Batch 1 customers.
* Upgrades shipment schedule
* Current production/logistical issues (if any)
* Upcoming firmware updates and cgminer improvements.
* Actual 'out-of-box' product specifications
* etc.

Can we just try to make the best out of a bad situation? Together? Show your customers you are willing to work with us, not against us.


hero member
Activity: 770
Merit: 509
You have time to complain to the forum, bother the State of Californa, and hire a lawyer.

But you don't have time to actually pursue a case in court?

More like, you know your quest for a ~600% gain for doing nothing is doomed to fail if it ever reached a proper venue.

Better stick to the court of public opinion, where your narrative of victimization may fool a few rubes.

"Emotional tolerance?"  IOW, you can't stand the idea of a judge ruling your demand for a free pony named Windfall is ludicrous.  That buyer's remorse is just awful, isn't it?   Sad

Why did you agree to be a windfall?

How can you offer full btc refunds thinking the price will be stable? Are you new to bitcoin? Since the invention of bitcoin, we have yet to see a period longer than a few days let alone months where the price did not swing dramatically. If you did not understand that then you should not be doing business in bitcoin.

Then you create a windfall protection plan by offering possible compensation for delays.

Then you decide to give neither btc refunds or the extra hashing power which was the only reason people decided to go with your company.

Then you complain that it is the customers who are mistakenly looking for a windfall when you sold them a windfall.

Good luck in court.
full member
Activity: 168
Merit: 100
HashFast Community Liaison
i think you got a chance there.
Sadly, I don't because I simple don't have the time— or emotional tolerance— to see these guys through to court. Fortunately other people are already in the process of suing them, so some amount of justice may still be served.

I started the heavy prodding in public when I saw they were soliciting more rubes to screw over, with only a mild hope that I'd ever see a dollar or a Bitcoin out of them— that maybe if they saw they they were going to be able to get away with the highly profitable task of pulling in more victims without complaint they might try to rescue things with their past customers.  I think that at least the recent noise has been successful at increasing a lot of awareness, and maybe saved some people a $6k loss, so thats all good.

If there is anything someone thinks I can easily do to help them recover please let me know.

You have time to complain to the forum, bother the State of Californa, and hire a lawyer.

But you don't have time to actually pursue a case in court?

More like, you know your quest for a ~600% gain for doing nothing is doomed to fail if it ever reached a proper venue.

Better stick to the court of public opinion, where your narrative of victimization may fool a few rubes.

"Emotional tolerance?"  IOW, you can't stand the idea of a judge ruling your demand for a free pony named Windfall is ludicrous.  That buyer's remorse is just awful, isn't it?   Sad
full member
Activity: 168
Merit: 100
HashFast Community Liaison
There was no breach of contract; HashFast either delivered the goods or issued (5% more than) full refunds to all Batch 1 customers.

Here's the contract.

Quote from: [email protected]
The answer is if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.

"Contract?"

Sorry, but that's just a post on an internet forum, not a contract.  The ToS are binding, not statements made during an extended period of relative BTC/USD stability (just prior to an unpredictable and unprecedented explosion in BTC value).


Who was refunded 105% BTC? No one? That's the breach.

Not many customers took advantage of the full refund provision, but some did, and they have been paid (except for those windfall-seekers who returned the check and now tell lies about how HashFast sent them nothing).

If you refuse a more-than-full refund in legal tender (IE USD) there is no longer a breach to cure.
legendary
Activity: 3878
Merit: 1193
There was no breach of contract; HashFast either delivered the goods or issued (5% more than) full refunds to all Batch 1 customers.

Here's the contract.

Quote from: [email protected]
The answer is if you buy Baby Jet for 51 BitCoins today and it does not ship, you will be refunded the 51 BitCoins you paid.

Who was refunded 105% BTC? No one? That's the breach.
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