Topic: ► ► ►HashFast Endorsement - page 18. (Read 36924 times)

Always a pleasure to help out an unrepentant shill

Well im in just bought a pre order waiting to make btc payment

thx for continually pushing this thread to the top.  i'm getting paid by page views, didn't you know? 

it will cover all who have already purchased.  as for IceDrill, i don't know.

A prophet is not without honour, but in his own country, and among his own kin, and in his own house, Cypherdoc.  

No, it won't. Seriously, can you do math at all? All that matters right now is the price, $5600, and the speed 400Gh/s. KnC's estimated power draw is 3x HashFast's, but if they ship a month or two earlier then you'll make more money with the KnC. And if HashFast is delayed at all then all the efficiency in the world won't make you any more money.


Uh, no.  We've seen the price crash, but even as the price went from $37 to $2 the difficulty only dipped a tiny amount. Most people kept their miners running.   And the point is: you're screwed either way.  Either difficulty continues to spike and you make no money, or the price of bitcoin crashes, and you make no money.


"Faith" is not a good thing for an investor to have. And there is basically no way to "analyze" the risk.

As far as this "miner protection plan" there's nothing to indicate that anyone who buys a unit now or invests in IceDrill will be covered by it.

waaaah.  Mommy says you can't make me. 

and i'll ask you again; why are you here bashing every asic company around?  if you're so convinced they're all a scam, why are you wasting your valuable time trolling?  don't you have better things to do?

HashFast website: redirect loop https://www . hashfast . com/www . hashfast . com (spaces added by moi)

this is where their Miner Protection Program will kick in.  from what i know, it will basically guarantee you a ROI.  you will need to ask the principals about the details.

ppl can say all they want and so can i.  from what i've seen the HashFast chip is way more advanced and efficient than any competitor.  that is going to more than compensate for any pricing shenanigans that other companies might throw out there.


we've seen crazier things in Bitcoin before, eh?

yeah, yet another thing i'll have to point out to them

yes, i agree.  this is where the faith and risk analysis part comes in.

Now the naivete is simply painful.  Only a dolt would carry over attitudes, mannerisms, idiosyncrasies & writing style.  Would i use a double dash for an em dash?  Would you keep dropping the leading caps?   If you admit that you're a child, i promise to pull more punches.  I'm not cruel.


I'll refresh your memory:
"those asic companies that don't understand what Bitcoin is, what it represents, and how it fits into not only the Bitcoin community but also the global financial system are doomed to fail, imo."
Which companies are those, in bold red font?


My point is they're already in bed with a megaminer, was that done on your advice?  If so, thanks a bunch.  Will HashFast be sending out "Sorry For Your Loss, Lol" cards with their BabyJets to nouveau jetsetters?

The problem is that the line between "scam" and "bad deal" is blurry. BFL clearly had an ASIC design and clearly intended to ship them when they started. Yet, at this point most people are calling them a scam.

It's all about ROI. If enough people pre-order from them then they guarantee themselves a profit on their chip design and production, as long as they can ship before December 31.

But the problem is that with the rate that difficulty is increasing the difference between shipping in late October and shipping in late December is basically the difference between maybe making ROI and never coming close - unless all the other chipmakers also fail.

HashFast is saying they'll ship units just a handful of days after they get their chips in October.  On the other hand, KnC is now saying that their units for November delivery will be less then $5k. And at that point it will have been over 60 days since their first chip deliveries, they'll have had plenty of time to make any changes and adjustments if they need to at that point - even if their first orders are delayed.

Anyway, the problem I see is that you can look at BFL and Avalon and think how easy it is to make millions of dollars off people who don't know WTF is going on with difficulty and all the other potential competitors out there, and you can take pre-order money from people who aren't good investors.

I mean, you yourself said you thought difficulty would look like a stock chart, and go back down, which is bonkers - and could only happen if the price of bitcoin crashes to the point where most miners just turn off and junk their machines.

I especially think it's disingenuous to claim that people will get paid back if their "late" and then only bury the fact that "late" means by dec 31 in the comments after someone notices inconsistencies in the small type on their website.


Well, one problem with amateurishness so far is that it implies they may also be 'amateurish' when i comes to getting their outsourced manufacturer to churn out units as fast as they say they will. We know the company that's designing their chip.  We don't know who their outsource MFG/logistics company is but that's just as important.

sure, but i can tell by the way you talk that you aren't capable of creating anything within Bitcoin that i'd be interested in participating with no matter what name you go by real or not.


sure i can.  i'm doing it right now.


strategic decisions on many things like sell rigs alone, chips alone, both, how many, when, to whom, for how much, wifi, ethernet, or usb.  yes, fortunes to be made

yawn.


lol!

if what you're wondering is this a scam as a result of the above?  i can guarantee it isn't as i've been working with these guys day in and day out as well as having paid them a visit.

if what you're saying is this is so amateurish in it's presentation that this raises the question whether or not they can complete a complex asic assemby project? then that's fair.

i can tell you i'm not getting much sleep as a result of this project.  i worry too.  my reputation is on the line with these guys.  but that is only if they are a scam.  if they fail from a lack of business sense then i can't control that to the extent that i'm not really a member of the company. 

the things you bring up are, imo, pretty minor.  we don't know who did the twitter thing.  Skrodenis explained the privacy policy thing.  the mailing list problem i hadn't even heard of.  he already said the company would refund any excessive shipping costs.  i've explained why they're only taking BTC.  not sure why this is so unheard of.  that's what Avalon did.  any refunds at all should be reassuring, imo.

Well, of course you wouldn't work with Crumbs.  Did you assume the account i buy will also be called "Crumbs"?  Is there anything to suggest that i do not own several other accounts, each perfectly crafted for its purpose?  How naive are you?



But you have just compared HashFast to other companies, you can't compare & contrast without naming names.


Say what?  What does packaging have to do with bitcoin?  Are you talking about the chips or marketing?  They seem to be fine on the marketing front already, a partnership with a tiny miner called IceDrill.  Sure, IceDrill is as real as HashFast, but if it *DOES* by chance become a reality, we can start investing in graveyard plots for small miners.  Fortunes to be made.


You said a mouthful there.  Not easy as in "Not easy for 2+2 to equal five-and-a-half."


I wouldn't *dream* of taking this job from you -- i see you as an *ideal* representative of HashFast.  You do to HashFast in a single post what i couldn't do in a million years

Edit: format

Fair enough. For me it seems that uniquify  has tons of it if Simon doesn't (which i dont know to be the case).

the wisest thing to do at this point would be to cancel sales and regroup. Then come back a bit more organized and more details. Be open to taking credit card, pictures, specifications and details.. As I've mentioned before

there are so many red flags in this offering.

If you look at the first couple pages, you will see a mysterious twitter account was closed. No explanation.

Private policy that sounded like you are opting in to a marketing list.

Amateurish mailing list. Such as (Hello! New entry was published on Hash Fast. Visit it by following next link: Privacy Policy Regards, Hash Fast team. )

Now wouldn't you send out a short email with the privacy policy information instead of 10 words and a link. You know, be kind of professional about it?

An offering for 500K by some partner. For some great deal, lol.

Shipping costs to the US $600. Knc miner charged $138.

Payment only in BTC, no CC's.

Offer refunds only if they miss the deadline by to 2.2 months.

Lack of specifics, but more information will be released soon. Shouldn't you have all the information ready right now when you're selling a product?



I'm sure I missed the few things. But that's a pretty good summary.

ah, but there's where you're wrong.  i would never work with you.  nothing personal.  you have all the wrong viewpoints.  you don't seem to fit into the community at all.  which begs the question; why are you here in the first place?  all i see is you bashing every asic mining company out there.  pray tell us, what is your bias?

Simon, as i understand it, is anything *but* a hardware guy.  Perhaps as a hobby?


Which companies, exactly, are you talking about?  Please name a couple.
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i just told you i'm not here to bash other companies.  i'd rather focus on HashFast's merits.

What does an ASIC designer need to know about the inner workings of bitcoin?  Does knowledge & love of the bitcoin economy help in optimising the hashing algorithm?  Exactly what aspect of ASIC design requires *any* knowledge of bitcoin, beyond the hashing?  You realize that this is exactly the shilling i'm talking about -- meaningless grandstanding and empty verbiage obfuscating the lack of substance.  There is no cat.  There is no cradle.
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you see, this is how you are so narrow minded.  it's not just about the hashing.  it's how they package it, sell it, market it, and to whom.

What does that even mean?  How is their ASIC any different from other ASICs, as far as bitcoin economy as a whole is concerned?


In that case accepting a paid position is simply foolish, as is investing in miners.  You should have simply donated the money to HashFast & volunteered your time.  As it stands, denying you're a paid shill is impossible.   You are heavily biased both by your investment in the miners & are *obligated as a spokesperson* to promote HashFast.  If HashFast is, OTOH, paying you to speak your mind and ask potentially damaging questions, i have to question their sanity & will not invest in a company that spends money so foolishly.
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i just admitted that i have to watch my biases.  not an easy task.  but given who i am, what i have accomplished in Bitcoin, and my lack of financial need for this project makes me much more suitable for this job than someone like you.  i think i can give a more objective opinion than you.  again, nothing personal but just based on how long you've been around.

No, i mean what is his track record in ASIC design?

What are you talking about?