Topic: HashFast launches sales of the Baby Jet - page 20. (Read 119626 times)

I never saw you such implicated and so vocal on this sub-forum until now. What's going on? I thought you only got one unit from HF.

Thanks taco, hopefully you get a quick response.

Well, I emailed yesterday asking many many questions about the new MPP policy and when the hardware ships, I'll let you guys know when I hear back.

Hi all!

Check out the latest blog post on the HashFast website: https://hashfast.com/silicon-in-silicon-valley/.
...

...Silicon Wafer Fabbed Out Successfully
The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are en route to San Jose, where they will be cut into individual die.
...

The silicon wafers have completed fabrication. The silicon is the core of the chip, and the complicated etching process that creates the circuitry on the silicon is finished. Now the process is starting of taking this silicon, with its complete circuits, and packaging it into finished chips. The wafers are now in Silicon Valley, where they will be sliced into individual die ...

Hi all!

Check out the latest blog post on the HashFast website: https://hashfast.com/silicon-in-silicon-valley/.

Cheers,

The HashFast Team

Taco, could you please pass on the following questions.
1. You stated that the MPP begins Oct 31st. Can you clarify that? Does that mean that the MPP period will be from Oct 31st to Jan 29th, and will the earnings used to calculate the MPP be the 100% PPS rate from delivery (mid-Dec onward) until Jan 29th?
2. What is the estimated timeline for MPP deliveries?
3. Where will Batch 1 MPP deliveries fit into the order queue relative to later batches? Will they ship out only after existing orders are finished, or will the be prioritized over supplying later complete orders?
4. Should you miss the Dec 31st window, will you refund BTC payments with the amount of Bitcoins paid, or the USD amount on the invoice at the time of refund?

I would rather have the official HF account replying. They are here, reading us. So they could do us the courtesy of answering, not by proxy.

Good question for Taco.

Good question for Taco.

I think that we should focus on other things, like the delivery time of the MPP.
It's no-where written that it will be the beginning of February; it just says that you will be entitled to the additional boards, not when you will receive them.

or reasonably insisting on HF servicing the MPP in a manner that facilitates actually using the MPP boards?

You are giving up 1.6TH for Free, it's 4x 400GH Modules

Baby Jets were ~50 BTC when they went up for sale I believe (Can't remember for sure)

That 50 BTC is now $15750 - $315 Exchange price on Coinbase

You could literally buy 3x KnC 500-550 November Jupiters for that and have ~1.5TH in November and you don't think that end of Jan/Beginning of Feb Delivery will get you much much more at that time?

I can't see a scenario where someone in Batch 1 wouldn't get 4 boards.

So if you achieve 33% or less, it would have taken an extra 2x the hashing power to break even, so they double that and send you an extra 4x.
I'm surprised D&T didn't catch that, he/she/it  is usually good with numbers and details.

The calculation for how much you have earned is based on the shipping date.  By the letter of the program it is the first 90 days after shipping, that would mean if it ships 30 days late your MPP window is also extended 30 days which obviously makes the program a worse deal.  Essentially customers are hurt by late shipping and then their compensation is also reduced.  Many people complained it would be fairer if the MPP began when the units should have shipped so customers are not double penalized for late delivery.  Thankfully HashFast seems to have agreed with that logic so the 90 day window starts on 31 OCT.  Obviously for the days from 31 OCT to shipping date the computed revenue would be 0.  You have 0 GH/s and 0 GH/s at any difficulty = 0 BTC produced.    

So the MPP "payout" is based on the total of what a theoretical unit would earn each day between shipping and 28 JAN (90 days after 31 OCT).

They way I read it (and I may be wrong) if you units ships on say 15 DEC and between 15 DEC and 28 JAN you earn*:
>= 100% of purchase price = no additional boards (achieved break even in 90 day window)
>= 66% & <100% of purchase price = 1 additional board (200 additional GH/s needed for break even x2 = 400 GH/s)
>= 50% & <66% of purchase price = 2 additional boards (400 additional GH/s needed for break even x2 = 800 GH/s)
>= 33% & <50% of purchase price = 3 additional boards (600 additional GH/s needed for break even x2 = 1,200 GH/s)
< 33% of purchase price  = 4 additional boards (600 additional GH/s needed for break even x2 = 1,200 GH/s)

On edit: My original numbers were incorrect.  Thanks for the correction minor. The MPP "pays out" DOUBLE the hashrate that would have been required to break even in 90 day window.  I updated numbers above.

I assumed that Hashfast will only pay out in "full board increments" and will round in the customer's favor as less boards won't fulfill the terms of MPP (i.e. if 127 more GH/s would have achieved break even, doubled is 254 GH/s.  Since HF only produces 400 GH/s boards the only options are ship nothing or ship one board).  The cutoffs above assume the number of boards will be rounded up in the customers favor.  Also remember HashFast isn't going to monitor you individual rig.  It is simply a calculated earning.  For a given hashrate & difficulty a miner will earn x BTC per day.  The sum of those earnings over the 90 day window determines the computed earnings and thus the amount of MPP payout.

Maybe Hashfast can confirm or correct me on this.

Agree with your. So now that you are talking in civilized manner, will you please show me what your math says one can do with HF refunded BTC better than free MPP 1.6-2TH? Excluding keeping that BTC in wallet to grow to enormous Fiat currency heights.

You sure do get hung up on the strangest things.

Hopefully even though you appear completely hostile to anything I say you read it and took it in.

Words between us doesn't change the current situation or the math behind it, keep calm and carry on.

Words between us doesn't change the current situation or the math behind it, keep calm and carry on.

Yes, trying with "actual facts" that one can buy the same KnC hashrate with refunds, and when pointed out with fact you actually can't reverting to personal insults. Not to mention stating that KnC is not overclocked from 400 to 500-550 GHs because "they are using normal heatsinks". It's a laugh, here's a video of KnC owners bragging about advertised hashrate (250-400) and actual (500-550):
http://www.youtube.com/watch?v=JFOcI8nK2xI

Please spare me with your arrogant style insulting everyone who doesn't agree with you.