HashFast launches sales of the Baby Jet - page 31.

Melbustus

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Quote from: Puppet on October 25, 2013, 12:13:10 PM

I dont know what math you used...

(2.5 / H) * 3600 * 90 = 50. Solve for H.

Quote from: Puppet on October 25, 2013, 12:13:10 PM

I dont see any delivery date promise for the MPP modules.

Yes, that's obviously key. If it's longer than 90 days, that's a big problem. With the presumed 90 days, it's borderline.

Puppet

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I dont know what math you used, but mine is simple: MPP is 4x the GH/$ 3+ months later. If network doubling continues, 3+ months means 8+x the difficulty. So roughly half the ROI of the original order, which would have been a fat loss otherwise you wouldnt get the full MPP upgrade. Now I know thats not entirely correct, but close enough to illustrate my point. And that is assuming they ship after 3 months, and not 4 or 6 or 9 months. I dont see any delivery date promise for the MPP modules.

Melbustus

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Quote from: Puppet on October 25, 2013, 11:30:06 AM

Quote from: Melbustus on October 25, 2013, 11:19:35 AM

they will do everything they can to make the MPP turn a profit for Batch-1 customers.

You dont seriously believe thats why they launched MPP in the first place, do you? Its a marketing gimmick to secure more preorders for a few months later at still very attractive (for them) prices. Given that the network currently (more than) doubles every month, those MPP modules will make even less of an ROI than the original order.

Here is a little thought experiment for you; assume HF sold 6PH of preorders so far and lets assume everyone ordered MPP along with that. They ship everything instantly in 3 weeks. Obviously, less than 2 weeks after that 6PH hits the network, all customers that didnt understand it before, will understand the situation they are in. Lets assume as a token of goodwill HF releases all the MPP modules immediately. What will that do for your revenue? Almost nothing. Three words for you: zero sum game. If you want to win, dont play.

If the MPP is executed in full, the hashrate to not ROI on batch-1 would have to average 16.2PH or higher over the 90 days following MPP-chip delivery. That doesn't include anything mined prior to MPP delivery, nor does it include anything after those 90 days.

It's gonna be close.

Puppet

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Quote from: Melbustus on October 25, 2013, 11:19:35 AM

they will do everything they can to make the MPP turn a profit for Batch-1 customers.

You dont seriously believe thats why they launched MPP in the first place, do you? Its a marketing gimmick to secure more preorders for a few months later at still very attractive (for them) prices. Given that the network currently (more than) doubles every month, those MPP modules will make even less of an ROI than the original order.

Here is a little thought experiment for you; assume HF sold 6PH of preorders so far and lets assume everyone ordered MPP along with that. They ship everything instantly in 3 weeks. Obviously, less than 2 weeks after that 6PH hits the network, all customers that didnt understand it before, will understand the situation they are in. Lets assume as a token of goodwill HF releases all the MPP modules immediately. What will that do for your revenue? Almost nothing. Three words for you: zero sum game. If you want to win, dont play.

dopamine

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Activity: 486

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Fuck that buying more hashfast gear, they dont even have a working prototype. No to discounts ! The batch 1 orders are the ones who get screwed because they risk more capital excepting delivery at least end of month and now get the same MMP as every other batch that will ship almost the same time. im hoping they dont ship so I can get a refund. How much profit u think Hashfast has made? Without even shipping a product out? And if cyberdoc did sell his preorder good for him for pumping the shit out of hashfast.

Melbustus

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Quote from: DeathAndTaxes on October 24, 2013, 04:53:42 PM

The ball is in HashFast's court. They seem pretty well run and I think they know the market is watching (and thus their ability to secure future sales). Lets see what they do.

Agreed. I believe they're honest in their intentions and well run in general; ie, they will do everything they can to make the MPP turn a profit for Batch-1 customers. It's just an issue of *when* they get enough chips to satisfy the MPP, and what the hashrate is at the time, of course.

I just hope that they'll keep the spirit of the MPP in mind if for some reason it does NOT yield a profit for Batch-1 customers....ie, they could provide discounts on future gear, more chips, even partial refunds... After all, it was Batch-1 customers taking the biggest risks, with the least information, at the highest price points, to provide the initial liquidity/funding that Hashfast needed to actually enter production. I imagine they're decently capitalized at this point.

DeathAndTaxes

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Gerald Davis

Quote from: Bargraphics on October 24, 2013, 09:41:33 AM

Quote from: canth on October 24, 2013, 09:18:16 AM

Quote from: Minor Miner on October 24, 2013, 12:02:14 AM

Quote from: DPoS on October 23, 2013, 10:34:00 PM

thanks guys.. my jupiters jumped up another 40Gh each hearing the news Grin

sounds like they made the right decision to eff over con and kano and just write their own firmware if you have a 5k machine that is that erratic. lol.
karma

Also, when you sell a 350GH/s unit that later changes to a 400GH/s unit and out of the box with the base firmware manages to get 500GH/s for most customers, then that's not exactly a failure.

I got my first unit Oct 4th (4 days late). Sure one of the cards died and took a week to replace, but it STILL hashed at 400GH/s with only 3 cards. My other 2 units shipped shortly afterwards and they've all been solid. I'm not saying that KNC was or is perfect, but damn if they haven't set the highest bar for pre-orders.

I would actually like to see HashFast or any other company keep setting this bar higher as it only helps customers and forces competition to become that much better.

The ball is in HashFast's court. They seem pretty well run and I think they know the market is watching (and thus their ability to secure future sales). Lets see what they do.

canth

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Activity: 1442

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Quote from: Bargraphics on October 24, 2013, 09:41:33 AM

Quote from: canth on October 24, 2013, 09:18:16 AM

Quote from: Minor Miner on October 24, 2013, 12:02:14 AM

Quote from: DPoS on October 23, 2013, 10:34:00 PM

thanks guys.. my jupiters jumped up another 40Gh each hearing the news Grin

sounds like they made the right decision to eff over con and kano and just write their own firmware if you have a 5k machine that is that erratic. lol.
karma

Also, when you sell a 350GH/s unit that later changes to a 400GH/s unit and out of the box with the base firmware manages to get 500GH/s for most customers, then that's not exactly a failure.

I got my first unit Oct 4th (4 days late). Sure one of the cards died and took a week to replace, but it STILL hashed at 400GH/s with only 3 cards. My other 2 units shipped shortly afterwards and they've all been solid. I'm not saying that KNC was or is perfect, but damn if they haven't set the highest bar for pre-orders.

I would actually like to see HashFast or any other company keep setting this bar higher as it only helps customers and forces competition to become that much better.

Agreed. BFL set the low bar, followed by the 200K batch of chips from Avalon. KNC currently has the high bar (delivering nearly on-time and great power/hashrate numbers). It'd be great to see someone else follow their lead and set the bar even higher. Anyone waiting on Sierras or BabyJets - at least you didn't get suckered into the BFL mini-rig, Monarch upgrade cycle. We can all feel pity for the likely outcome those poor bastards will experience.

Bargraphics

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Activity: 518

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Every man is guilty of all the good he did not do.

Quote from: canth on October 24, 2013, 09:18:16 AM

Quote from: Minor Miner on October 24, 2013, 12:02:14 AM

Quote from: DPoS on October 23, 2013, 10:34:00 PM

thanks guys.. my jupiters jumped up another 40Gh each hearing the news Grin

sounds like they made the right decision to eff over con and kano and just write their own firmware if you have a 5k machine that is that erratic. lol.
karma

Also, when you sell a 350GH/s unit that later changes to a 400GH/s unit and out of the box with the base firmware manages to get 500GH/s for most customers, then that's not exactly a failure.

I got my first unit Oct 4th (4 days late). Sure one of the cards died and took a week to replace, but it STILL hashed at 400GH/s with only 3 cards. My other 2 units shipped shortly afterwards and they've all been solid. I'm not saying that KNC was or is perfect, but damn if they haven't set the highest bar for pre-orders.

I would actually like to see HashFast or any other company keep setting this bar higher as it only helps customers and forces competition to become that much better.

canth

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Activity: 1442

Merit: 1001

Quote from: Minor Miner on October 24, 2013, 12:02:14 AM

Quote from: DPoS on October 23, 2013, 10:34:00 PM

thanks guys.. my jupiters jumped up another 40Gh each hearing the news Grin

sounds like they made the right decision to eff over con and kano and just write their own firmware if you have a 5k machine that is that erratic. lol.
karma

Also, when you sell a 350GH/s unit that later changes to a 400GH/s unit and out of the box with the base firmware manages to get 500GH/s for most customers, then that's not exactly a failure.

I got my first unit Oct 4th (4 days late). Sure one of the cards died and took a week to replace, but it STILL hashed at 400GH/s with only 3 cards. My other 2 units shipped shortly afterwards and they've all been solid. I'm not saying that KNC was or is perfect, but damn if they haven't set the highest bar for pre-orders.

BenTuras

hero member

Activity: 826

Merit: 1001

Quote from: Bargraphics on October 24, 2013, 06:54:34 AM

Kano doesn't have a unit (I'm happy about this personally since all he does is beg)

Why throw new oil on the fire ?
Now Kano will have to react on this again(I hope he is wise and doesn't), and then you will react again, ...

Bargraphics

hero member

Activity: 518

Merit: 500

Every man is guilty of all the good he did not do.

Quote from: Minor Miner on October 24, 2013, 12:02:14 AM

Quote from: DPoS on October 23, 2013, 10:34:00 PM

thanks guys.. my jupiters jumped up another 40Gh each hearing the news Grin

sounds like they made the right decision to eff over con and kano and just write their own firmware if you have a 5k machine that is that erratic. lol.
karma

Con has a Unit for testing,

Luke-Jr has a Unit for testing,

Kano doesn't have a unit

Edit: Removed "Oil" Tongue

DPoS

sr. member

Activity: 462

Merit: 250

I just banked over $5000 with them so I'll take the choppy waters Cheesy

Minor Miner

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Be A Digital Miner

Quote from: DPoS on October 23, 2013, 10:34:00 PM

thanks guys.. my jupiters jumped up another 40Gh each hearing the news Grin

sounds like they made the right decision to eff over con and kano and just write their own firmware if you have a 5k machine that is that erratic. lol.
karma

DPoS

sr. member

Activity: 462

Merit: 250

thanks guys.. my jupiters jumped up another 40Gh each hearing the news Grin

pwnyboy

full member

Activity: 125

Merit: 100

Quote from: arorts on October 23, 2013, 09:55:05 PM

Hashfast,

You are NOT ahead of schedule if you or your suppliers f*d up by two weeks.

That's what happens when a marketing bobble-head is allowed to give engineering-related updates. I do hope Hashfast will work out a new deal with those of you in Batch 1. Otherwise, from my vantage point, a missed October 31 deadline (self-imposed, I might add) would trigger the FTC rule requiring either a full refund or a reaffirmation of one's desire to keep waiting.

arorts

sr. member

Activity: 408

Merit: 250

Hashfast,

You are NOT ahead of schedule if you or your suppliers f*d up by two weeks. That's BS. Nobody cares if a mini-stage of your project is "ahead' of others if the end outcome is late.
The bottom-line is that you/your suppliers screwed by almost 2 difficulty jumps or 3 weeks from the lower-bound shipping target (October 20th). That's going to break the ROI for many of us.

Thanks for the update and looking forward to next steps.

cypherdoc

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Activity: 1764

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Quote from: DeathAndTaxes on October 23, 2013, 08:42:22 PM

Quote from: Bargraphics on October 23, 2013, 07:48:21 PM

You get Modules but you would have to purchase the empty rigs.

Or build/expand your own. Other than the processing boards/modules everything else is off the self.

it's a great strategy.

there's going to be alot of great innovation around those modules.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: Bargraphics on October 23, 2013, 07:48:21 PM

You get Modules but you would have to purchase the empty rigs.

Or build/expand your own. Other than the processing boards/modules everything else is off the self.

User705

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Activity: 896

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First 100% Liquid Stablecoin Backed by Gold

Quote from: User705 on August 17, 2013, 01:40:47 AM

Quote from: HashFast on August 16, 2013, 01:14:48 AM

Quote from: minternj on August 15, 2013, 09:22:27 PM

In what dialect of English does "roughly" translate to "exactly"?

This is an excellent question.
Because we are accepting wire transfers, which can take 24 horus or more to clear, it's impossible to know the exact count at a given point in time.

John

I'm glad you think it's an excellent question so how did you come up with the initial number of 550 Super Duper Baby Airplanes? Ouija board? Perhaps you pulled it out of a certain deep anatomical cavity? Anyone who can predict future events months away with such clarity surely can make more money elsewhere or maybe not. I mean if I'm order number 551 you will send my money back right you won't take it? Perhaps a few bets you care to wager about your delivery times of all 550 Super Duper Baby Airplanes roughly somewhat sort of exactly on time. I hear there's this non-reversible internet currency you can use to place such bets. Wouldn't it be great if all these pre-order companies take all the BTC received and place it up as a bet that they will deliver on time. If they do they make many times more profits if they don't they make nothing.

This got no response from John so I guess he didn't want to bet they would deliver on time.

Topic: HashFast launches sales of the Baby Jet - page 31. (Read 119650 times)