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Topic: HashFast launches sales of the Baby Jet - page 4. (Read 119648 times)

hero member
Activity: 991
Merit: 500
December 26, 2013, 11:47:22 AM
Early in the Hashfast saga, shortly after they failed to ship in late October, I disagreed with Cedivad and others, giving Hashfast the benefit of the doubt.  I was a moderate, taking the "reasonable" position that a slight delay was understandable, and that we should bear with them while they ironed out final issues.

Since then, it has become abundantly clear that they never had any ability or serious intent to ship in October. That date was fraudulent from the beginning, and was proffered to a) boost sales to begin with, and b) to boost sales at a higher price.

I think this is an inescapable conclusion now.  And I was a moderate into November.

Same here. I used to keep in close contact with everyone there. They were all cool. Up until 3 days before Oct 20th. They kept telling me they were on schedule for the original ship date. Idk how that's even possible, We are 2 months away from that now. It was an outright lie.

Then I complained about paying a premium while they are shipping late and they kept telling me that it's okay because we are still getting them before anyone else in November.

We are now in December. And don't get any real updates from them.
sr. member
Activity: 392
Merit: 250
December 26, 2013, 11:37:49 AM
Early in the Hashfast delivery saga, shortly after they failed to ship in late October, I disagreed with Cedivad and others, giving Hashfast the benefit of the doubt.  I was a moderate, taking the "reasonable" position that a slight delay was understandable, and that we should bear with them while they ironed out final issues.

Since then, it has become abundantly clear that they never had any ability or serious intent to ship in October. That date was fraudulent from the beginning, and was proffered to a) boost sales to begin with, and b) to boost sales at a higher price.

I think this is an inescapable conclusion now.  And I was a moderate into November.
donator
Activity: 1218
Merit: 1079
Gerald Davis
December 26, 2013, 10:33:56 AM
The mess for batch 1 HF customers is probably not a result of some great evil plot

Of course it is, however the "plot" is very simple.

They designed a chip, a pretty good chip (at least on paper) but the chip wouldn't be ready for delivery until late Dec (possibly January if one was conservative and padded the timeline for possible delays).
Cointerra is charging $3 per GH/s for late Dec delivery, KNC is charging $20 per GH/s for Sept deliver.  $20 is more than $3 and it really is that simple.

HF has a product worth $3 per GH/s but they want more.  By lying (blatantly lying) to customers they got more, a lot more.  That is the "evil plot".  They simply lied to customers, from day 1 they never expected delivery before late Dec.  The one thing they didn't count on was real delays which may cause them to be unable to meet even their fake delivery date. 

Anyway you slice it the premium of prices above $3 per GH/s was simply stolen from customers under false pretenses.  That is an "evil plot".  Now it wouldn't make a good movie because unlike a bond villian it isn't particularly interesting or creative.  It is simply lying for financial gain or as the lawyery type would call it; fraud.
legendary
Activity: 1442
Merit: 1000
Antifragile
December 25, 2013, 12:46:54 PM
From first post, wow, didn't realize they were so far behind:

 - Shipments begin: October 20th-30th, in order of purchase
 

And the difficulty is still skyrocketing, and yet all these failures.
Not poking, I was an Avalon victim and a current BFL one.
sr. member
Activity: 490
Merit: 255
December 25, 2013, 09:18:52 AM

I think hanlon's razor can be applied here...
http://en.wikipedia.org/wiki/Hanlon's_razor

The biggest part of the stupidity may have been the original sale and marketing decision to post the wide eyed optimistic shipping date as the first possible date. 
Setting up a date that doesn't allow for a win-win for you and your customers is not going endear you to them.
staff
Activity: 4284
Merit: 8808
December 25, 2013, 04:40:17 AM
plenty of scoundrels in business..  where ya been?
Incompetence and malice are often darn hard to distinguish. Keep in mind I'm responding to someone who was suggesting that hashfast was actually going to ship a box of rocks.
sr. member
Activity: 462
Merit: 250
December 25, 2013, 04:35:10 AM

If you're trying to guess what might happen, you'd probably be best of imagining a bunch of well intentioned people getting caught behind and making a heroic effort to make it all right. Even if thats not completely true, you can be darn sure they'll do their best to make it appear to be.


plenty of scoundrels in business..  where ya been?

HashFast only had good intentions towards themselves from the get go
full member
Activity: 428
Merit: 100
December 25, 2013, 04:25:29 AM
They will probably get one unit working in a broken state before December 31st so they can claim the deadline was met.
Ha. Some people expressed that kind of pessimism up-thread and it was rapidly pointed out that doing something that overly dishonest would be a Christmas present since it would remove any doubt over if they were acting in good faith or not. There is no way thats going to happen.

Probably the hardest thing to come to grips with is that the world isn't really stuffed full of manically cackling villains— though I suppose there are a few.  The mess for batch 1 HF customers is probably not a result of some great evil plot, and they almost certainly aren't about to ship miners full of kryptonite, regardless of how awesome a scene it would make "Bitcoin: The Movie".

If you're trying to guess what might happen, you'd probably be best of imagining a bunch of well intentioned people getting caught behind and making a heroic effort to make it all right. Even if thats not completely true, you can be darn sure they'll do their best to make it appear to be.


Valid point, but i much prefer to think of Failfast sitting in a boardroom coming up with a plan like this one from Deathandtaxes

https://bitcointalksearch.org/topic/m.3936006
staff
Activity: 4284
Merit: 8808
December 25, 2013, 03:13:29 AM
They will probably get one unit working in a broken state before December 31st so they can claim the deadline was met.
Ha. Some people expressed that kind of pessimism up-thread and it was rapidly pointed out that doing something that overly dishonest would be a Christmas present since it would remove any doubt over if they were acting in good faith or not. There is no way thats going to happen.

Probably the hardest thing to come to grips with is that the world isn't really stuffed full of manically cackling villains— though I suppose there are a few.  The mess for batch 1 HF customers is probably not a result of some great evil plot, and they almost certainly aren't about to ship miners full of kryptonite, regardless of how awesome a scene it would make "Bitcoin: The Movie".

If you're trying to guess what might happen, you'd probably be best of imagining a bunch of well intentioned people getting caught behind and making a heroic effort to make it all right. Even if thats not completely true, you can be darn sure they'll do their best to make it appear to be.
hero member
Activity: 784
Merit: 1000
December 25, 2013, 02:54:08 AM
They will probably get one unit working in a broken state before December 31st so they can claim the deadline was met.
full member
Activity: 182
Merit: 100
December 24, 2013, 08:46:05 PM
This video is no longer available because the uploader has closed their YouTube account.
 Dec 24
??
sr. member
Activity: 490
Merit: 255
December 24, 2013, 01:20:08 PM
Yet another company that flopped on promises? Sad

Depends on how you read their promises.  
They are pulling some of the same plays out of established play books... i.e.  similar to "Shipping after 2 months!" could mean 6 months later and not technically be lying.

Looks like they are geared to do the minimum of what they are legally obligated to provide... time will tell.
legendary
Activity: 1050
Merit: 1000
December 24, 2013, 11:47:56 AM
Yet another company that flopped on promises? Sad
legendary
Activity: 1176
Merit: 1001
December 23, 2013, 10:16:34 AM
So, if hashfast doesn't ship by the Dec 31 deadline they will issue refunds.  Refunds per the ToS will be paid in USD based on USD paid or BTC exchange rate at the time of purchase.
That version of the ToS is now the one we agreed on. Refund will have to be of the same BTC value. BTC in, BTC out.
Sources:
[1] forum posts from HF in August
[2] member visiting HF office two months ago that asked specifically for this point, and was assured that refund would have been in BTC
donator
Activity: 686
Merit: 519
It's for the children!
December 23, 2013, 09:45:53 AM
So, if hashfast doesn't ship by the Dec 31 deadline they will issue refunds.  Refunds per the ToS will be paid in USD based on USD paid or BTC exchange rate at the time of purchase.  If refunds are issued what happens to all the machines?  What if I want to keep my order and have it ship on January 1st or next October like my BFL's.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
December 23, 2013, 05:27:49 AM
Check out the video just posted on how a Golden Nonce Motherboard is assembled.
Enjoy!

https://www.youtube.com/watch?v=lIXMy7LnBeQ

cool optimistic soundtrack. full of energy! is it Caribbean style? Eduardo's idea?  Grin
hero member
Activity: 991
Merit: 500
December 23, 2013, 02:58:53 AM
I wish you guys didn't promise December so we could enjoy that video as much as you do. It's very impressive.

The chip shooter and wave solder are my favorite parts! 

Whatever happened to the Eduardo Tweet? And Saturday shipping?

Can we get some real transparency?
full member
Activity: 168
Merit: 100
HashFast Community Liaison
December 23, 2013, 02:02:37 AM
I wish you guys didn't promise December so we could enjoy that video as much as you do. It's very impressive.

The chip shooter and wave solder are my favorite parts! 
sr. member
Activity: 462
Merit: 250
December 23, 2013, 01:17:00 AM
Check out the video just posted on how a Golden Nonce Motherboard is assembled.
Enjoy!

https://www.youtube.com/watch?v=lIXMy7LnBeQ


not once did that video show any hashing??   
I guess the software ain't shipping but the boards pass the visual test
hero member
Activity: 812
Merit: 502
December 22, 2013, 11:47:06 PM
Check out the video just posted on how a Golden Nonce Motherboard is assembled.
Enjoy!

https://www.youtube.com/watch?v=lIXMy7LnBeQ

Please post more videos for the next 2-3 months, so we KNC customers can mine for longer with almost no competition.
You are doing great  Wink
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