Topic: Hashfast Delivery of Baby Jets batch 4 (Read 2451 times)

I'd actually feel sorry for Hashfast if they published a statement giving a breakdown of how much their directors and senior employees have been paid in the past 9 months - or been given 'loans' and other non-salary benefits - and those amounts were reasonable.

Bet we'll never see sight of that. As for offering refund customers chips? The words 'poisoned chalice' spring to mind. Surely if they have a big stock of chips - "tens of thousands" then they could offer them at a knock down price to a Chinese assembler, at $200 each ($1.2 -$1.5/GH as an assembled product) they'd get back a couple of million dollars to help refund their customers and get the company back on the rails.

No more miner sales . Only chips

http://arstechnica.com/tech-policy/2014/05/embattled-ceo-of-bitcoin-miner-firm-we-are-as-poor-as-church-mice/

EDIT:
 MY BAD . Disregard this post . I got an email from the owner of the site . He assured me it is a legit site . The posts that were deleted to make me think it was  just a HF scam site were because it was just not to be a site for selling but one for talking about HF problems .
 It now has a section for your selling needs .
 I apologize  .


Just a note on some new forum that appears to be nothing but a BS scam . http://www.hashfast-forum.com/ Opened account and it had a marketplace . I posted a add along with one other person . The marketplace just disappeared . I posted another post asking where it went and that disappeared .
 Wonder who is trying to get people to talk . could it be someone trying to get people who signed a certain waiver to do some talking so someone would have grounds to sue them ?

Well anyway I would stay away from it .

That is kind of the way i see that agreement . Absolutely enforceable unless it is ruled out by a court or any part of it .
The part I object to as a cash buyer is the attorney fee part . What if they did not pay or something else went wrong to stop payment . Then you would have to go to arbitration as you agreed and would therefore have to pay their attorney fees . That is just not right .
 I think this agreement was actually made up for bitcoin buyers . They seem to think they should be paid back more coin then they gave up because the price of coin has dropped . Well that is the gamble they took when they used bitcoin knowing it could drop in an instant . If you gave 3 coins you get back 3 coins just as if 3 100 dollar bills you would get back 3 bills . That is the disagreement that makes this form go to bitcoin buyers . As such I see no need for a cash buyer to be subjected to this form as there is absolutely no disagreement on cash as long as the refund takes place . I also would not sign it if I used bitcoin .

So how is that Miner Protection Program (MPP) going?

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People really can't read:

That is true . how ever I think that is not money laundering , maybe I am wrong  . It is certainly wrong and could be fraud . I think if they do not straighten up the mess they have made fairly quickly they may have a big legal problem with the feds over their business practices . They seem to have from what i can tell any way , gotten caught up in the making of cool stuff and tried to pull off running a expensive business on our dime and things went wrong . this is I am sure quite an illegal thing to do . They are required to take measures to ensure that our money is safe and I would think they would be required to keep enough cash on hand or at ready to pay customers back if needed. They most likely spent our money trying to fix things as they went wrong and of course digging a deeper hole in the process.
 I am hoping they take care of things and recover . I would like to see them manufacture some asic scrypt rigs as I want to mine some but not with gpu.

Who's making it up? They've taken your money and won't give you it back. They've lied to you, despite having made millions in sales of products that don't exist. Where's the money gone?

They directly lied to me repeatedly.
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yes I got copies of emails that note this behavior . I am just trying to be positive and give them the benefit of doubt . Perhaps it will all be good in the end . maybe not but we will just have to see how it plays out .

well as far as that goes I would not think making stuff up is a good way to go about things . Unless one has proof of such a thing it is not very decent to make accusations of that type . I believe in Karma . What you put out is going to come back and see you again . I have no problem complaining about things but like to keep it fair even though the good guy does finish last a lot of the time . Let us not accuse of money laundering when we all know what we intend to do with bitcoins . Unless everyone is just that honest type that will tell the feds they mined some coin and want to pay taxes o it . HA! Oh wait that is exactly what i planned on doing . that is what I meant to say.
 They seem to have got in over their head a bit . Perhaps just got over zealous about producing really cool stuff and hit a bad spot in production and found they were strapped for cash after that .  Maybe this will pass and things will work out .

They directly lied to me repeatedly.

I just received a nice email from HashFast concerning my complaint. They assured me they are on the ball and trying to take care of this problem . They said people are getting refunds and that it is taking a while but it will happen . I did ask them to think about getting rid of that silly refund form to sign as that makes a person a little paranoid about things .
 they told me they would give complete instructions for setting up the yoli evo boards if I took the upgrade offer . Which was a worry for me since I know nothing about this type of hardware .
 Things are looking up with this response from them . I will be giving them some time to resolve the issue .
 I certainly hope they are moving along in  business as I think they have very talented people on the job and I would like to be checking out their stuff in the future as I think some asic instead of gpu equipment would be a great thing from them for mining them other types of coins which I own some of and would like to mine more but not with a gpu.  Also their prices just can not be beat .

So why doesn't someone throw a wild card into the ring and accuse them of Money Laundering? Believe me, that WILL get the attention of the state and federal authorities. Just a thought.

I can tell you that getting any cash back from HashFast is going to take a law suit . The San Francisco District Attorney consumer fraud office basically says that they could care less if any company in Ca defrauds you it is perfectly fine and they will do nothing about it with the exception of 4 types of businesses . that being electronic repair , home repair , dry cleaners and some other type . WTF ? Anyone else skirts the law . The Attorney General says they will investigate and send them a letter requesting they take care of the problem but other than that they can only sue for Ca residents in general if they find HashFast is screwing the general public but will use any complaints as evidence if they do to bring HashFast to justice.
 So suing is the way to deal with them . How ever dumbasses that signed the refund extortion paper will not have that option . Suing in small claims is a waste so regular court is it . sue for travel expenses to and from Ca , loss of wages while dealing with it , rental car , hotel , loss of expected income from time you could have been mining with their equipment if they had sent it or some one else's if you still had your money and could buy it plus attorney fees and court costs . Could end up costing HashFast a bundle when they could just refund 2600 or a product .
 They choose to even ignore all attempts to communicate with them to resolve the problem which lets me know they are insolvent and can not meet their obligations .
  If the FTC does not resolve the problem then I will be hiring my families attorney in San Diego to sue them . The FTC has tried contacting me but I am hard to get a hold of sometimes . Hopefully I can get them on the phone this week to further my complaint I filed .

yep. sad state of affairs. my babyjet has been written off my accounts as a loss. this does in no way admonish hashfast from their total incompetence, and if I ever see a babyjet, it'll likely only be powered on in winters, to keep my office warm.

Glad to hear you are getting something going despite FuckFast and their fraud . I almost asked for the upgrade but knew it would never be delivered by June and quite possibly not at all . I seriously doubt that they will be in business for much longer . They have obviously squandered away all their money they took from buyers and /or filed their personal bank accounts and being an LLC will simply file bankruptcy and only have to give up their business assets to auction . .

not me, i'm batch 4, still with an order number active. not a happy bunny.
on a lighter note, i will be hashing 1.4TH/s this week, ordered a spondoolies-tech dawson sp10 - ships out tomorrow.

judging from the lack of complaints on any forums that I can find lately most people must have taken the refund option and signed the refund release form that states that you can never post anything negative about scamfast or divulge the contents refund agreement . Morons . they gave up their rights to free speech and the right to take legal action for this and any other problem that may arise in the future and agreed to pay all of court costs and lawyer fees for scamfucks even if they sue the buyers.  This is extortion . ( sign this and give up your rights or we will not refund your money we lawfully owe you ) Same thing as ( hey give us 3 K or we will burn down your house ) No difference .   

see all of the above. you will never see your babyjet. sorry for your loss.

If it seems too good to be true - it may be.