Topic: ► ► ►HashFast Endorsement - page 20. (Read 36908 times)

..so you are promise to deliver you product to the end of October and in case of any fail, you want to hold customer hard earned money for next 2 months?



SPLENDID

Damn that's a good scam. I seriously need to start my own ASIC company lol.

i like you.

AGAIN

SHUT UP AND TAKE MY MONEY

Are you saying cooling isn't a "heat transfer system"? Your distinction doesn't make any sense.

We don't call it copper cooling, but we do call it a copper heatsink, and it does cool the object on which it's attached by transferring the heat away from the object in question.

While a heatsink doesn't reduce the temperature below ambient temperature, that's not a necessary qualifier for "cooling".

So.. No, water cooling is not a misnomer. Water is used to cool the object in question.

i'm glad to see you acknowledge this as it is absolutely true.

also, now that KNC has it's affiliate program running, anyone of you participating in that has an even greater allegiance with KNC and should be held accountable for it.

Uh, you're right... It is two months, plus however many days before the end of October they're supposed to ship.

So really it's like 2.25 months.

Either way, it's total insanity.

I'm sorry, but here's common sense 101:
If pre-order sales are used to fund a project, there is exactly (the expenditures to date) *less* money available for refunds at each step of the way.  Full refunds are out of the question.

More like 2 months. Whole November and entire December.

Yes, this needs to be explained.

One way would be to have contracts with suppliers with performance guarantees - A company like Flextronics might be able to offer that, but in USD obviously.

But right now we don't even know who's going to be assembling units.

Another possibility would be they're planning on running off a massive number of chips themselves and can mine the necessary BTC to do refunds.

Of course, to be fair: everyone who's pre-ordered from a competitor or invested in another IPO has an economic incentive to see these guys fail to raise funding, including me.  If they fail, it means a few PH of chips not out there mining, and it means a few more btc for everyone who's currently mining before difficulty reaches a singularity

How do we get a refund when the money is being used for NRE?  So, the foundry, board maker and assembler all have contracts to give back the advance payments if they do not complete before dec31 so that hashfast can give it back to us?   I would like to see the contract since the mask payment must have been made already if you are getting wafers back in two months.

The Oct-Dec timeframe is when these miners will earn back the vast majority of the investment cost. If anything the Oct 20-30 shipping date is what justifies the high cost of this unit. Take that away and you might end up with an expensive heating element. I don't like it either but that is the reality of an exponentially increasing difficulty. One day it is pure gold, the next a lump of coal.

Also, what happens if the specs of the final product are significantly different from what was sold in the pre-order? E.g. 2+ Watt/GH etc.
 
When it comes to refunds - I expect those to be done in BTC not USD. You take orders in BTC, you refund orders in BTC.

Naturally I hope everything goes well and HashFast meets their announced Oct. shipping date.

LOL wasn't there also a major cluster fuck with B2 Avalon check out as well, seems like BFL and Avalon rolled into one!

Shipping is expected in October, but refunds will be offered if nothing is shipped by Dec 31st...

You can cut the deja vu with a knife.

Hi everyone,

Again, I personally apologize for the difficulty many of you had in placing an order with us yesterday. The integration between BitPay and our shopping cart did not operate smoothly, and the sales volume overwhelmed it.

This is what we are doing to fix it:

 1) We have a record of everyone who attempted to make a purchase. We will individually contact those people to give each one the option of completing their purchase (and preserving their place in line for delivery of the earliest units, as per the timestamp in their order)

 2) Many of you have felt that the shipping costs were too high. We will find a better/cheaper solution, and refund the difference. It is absolutely not our intention to make a profit on shipping costs. If you have completed a transaction, and feel that the shipping costs were too high, please submit a ticket to [email protected].

 3) We are working hard to improve and test the new site and payment processing options. In the meantime, if you would like to make a purchase with us directly, you can email us at [email protected]. Please include your name, address and a phone number where we can reach you. We will work on these purchase requests in the order that they are received (and provide each person with a place in the delivery line,  per the timestamp of their email)

Our team is working diligently to get these issues resolved. We appreciate your patience.

If you have completed an order and have questions, please contact [email protected]
If you have not yet completed an order and would like to do so, please contact [email protected]

Thank you,
John Skrodenis
HashFast

1.5 MONTHS LATE?

So the actual guaranteed shipping date is December 31, not "late october!?!?!?!?"

Also, how exactly are you going to be able to fund these refunds?  Pre-mining through november and december ?  

Come on dude, "technical guys" should be able to create a website that actually works.

If they're only taking bitcoin, all they have to do is create a few thousand addresses and put them in a database table, when someone orders you give them one of the addresses.

Then just query blockchain.info once an hour to see if there are any transactions on those addresses.

I realize chip design is a different skillset from programming, but they should, like know a guy right?   If they don't know a guy who can build a website that works, how are we supposed to trust that they'll know a guy who can manage the physical production and shipping of products?

It was those things, not the production of chips, that Avalon and BFL failed at.

Now that is pure awesome. 

You know the phrase "all this, and a bag of chips"?

The problem isn't the chips, the problem is the "all this".

Can they deliver hundreds of working boxes a few days after their chips leave the fab?

They say they'll refund the money if they're late, but how are they going to afford to do that?  Their website says they have 30 days to deliver the product if it's late. That means they can delay until late november if they feel like it without issuing refunds.

Unfortunately we can't offer any models for home use during initial sales. The reason is FCC certification. To sell a product for home use we [/quote]

THANKS for the clarification!