Topic: HashFast launches sales of the Baby Jet - page 41. (Read 119669 times)

and for the mathematically challenged Bragraphics (lol!) 400%=5x.

MPP is fully in BTC.  It based on the theoretical mining rate computed using difficulty.  Essentially if you buy a rig for X BTC and 90 days later using a reverse mining caluclator it says you earned y BTC then you will receive as much additional boards (up to 400% of original purchase) necessary for you to have mined x BTC.  For customers who paid USD/EUR the BTC paid is based on the exchange rate at the day of purchase.

So as an example:

You buy a Babyjet for 50 BTC, 90 days after delivery the theoretical mining revenue based on difficulty over the prior 90 days and 400 GH/s hashrate rate:

10.0 to 12.4 BTC = you would receive 4 MPP boards as compensation.  If 1 board produces 10 BTC then 5 boards (4+1) would produce >=50 BTC.
12.5 to 16.5 BTC = you would receive 3 MPP boards as compensation.  IF 1 board produces 12.5 BTC then 4 boards (3+1) would produce >= 50 BTC.
16.6 to 24.9 BTC = you would receive 2 MPP boards as compensation.  IF 1 board produces 12.5 BTC then 3 boards (2+1) would produce >= 50 BTC.
25.0 to 49.9 BTC = you would receive 1 MPP boards as compensation.  IF 1 board produces 25.0 BTC then 2 boards (1+1) would produce >= 50 BTC.

If the theoretical mining rate is <10 BTC after 90 days you will still only receive 4MPP boards as the MPP maxes out at 400% more than initial order.
If the theoretical mining rates is >50 BTC after 90 days you would receive no MMP "bonus" as you have broken even in the first 90 days.

Given Bragraphics track record, he should be easy to outrun.

First he invested in ActiveScamming, who are taking longer than KnC to get worse chips and issue dividends denominated in dozens of Satoshis.

Then he lost money to TerraScam, who are refunding 50% of BTC taken.

Next he fell for the LABscam fiasco, because of his habit of either ignoring or attacking all those who point out his conceptual/observational/personal shortcomings.

Everything Bragraphics touches turns to shit and dies.

I hope the powerful incompetence field surrounding Bragraphics doesn't hurt IceDrill!  

https://hashfast.com/miner-protection-program/

I believe you are misrepresenting what the MPP ACTUALLY DOES.

It doesn't just kick in and give you 5x the hashrate (Not sure where 5x comes from as it's up to 4 Chips/Modules last I looked which is 4x), it only kicks in enough to let you break even which IS by all means a very good deal as long as the hashrate doesn't explode and you end up needing more than the maximum that the MPP Offers (Which I don't believe you will).

Still my question stands, how do they count the MPP "Break Even"? In terms of exactly what you spent in Bitcoins during the purchase (Same amount of bitcoins mined) or the price in USD of the units based on the bitcoin price at the end of the three months?

Oh and just to let you know, for every 10 KnC Jupiters you purchased you would get a free one so my "ROI" is looking pretty good. Considering each one of my units have already mined ~11 BTC/Each (Roughly $1400/each) Minus the "Free Jupiter" ($7000), making each Jupiter already at about $4760/each right now and only getting lower each day.

believe me, it's mutual but please refrain from personal attacks.  it seems to be your modus operandi.

like i said, i think the MPP is a very generous thing and at the rate the network is growing i don't know anyone around here who doesn't think it won't be needed to its fullest extent come 3 mo and at the rate of 5x.

doesn't matter if you have a 7 mo contract; it might mean you are even locked in further to your losses.  i believe that the sizes of our individual orders is about average for small miners.  once MPP kicks in i, and other HF customers with similar orders, will catapult to 5x this size which could put us in a unique category.  an advantageous one at that.

this is the whole purpose of MPP; to make HF customers the winners of this race.  like i said, i just have to outrun you.

Just to throw some logic in whatever fantasy you are living in,

You only get the MPP enough to make you "Break even" after three months of seeing if you do. (I'm not even sure if this means in Bitcoins from what you paid or if it is in USD based on the bitcoins mined and price at the end of the three months, maybe you can clarify as there is a large difference quite possibly)

HashFast doesn't want to give anyone free chips/modules, they want everyone to at least break even after three months so they don't have to do this. This is common sense.

If they have to give you 4 times the chips/modules as you are claiming, that means somewhere between when you get your miners from hashfast and three months afterwards, someone dumped a TON of hashing power on the network.

By the way, three months is an eternity in Bitcoin Land. There are already pre-orders being sold for less than $2/GH by the end of February "Black Arrow announces 28nm 100Ghash Bitcoin ASIC from $1.49/Ghash"

My KnC machines are hosted for the next 7 months, completely paid for. So there won't be any turning them off as you suggested.

Also I own quite a bit of IceDrill shares which is basically the same thing as ordering from HashFast directly except they buy in bulk so they get those bulk purchase discounts every ASIC company offers, which they pass onto Investors.

I'm not "From KnC", I have KnC Machines and I told John just how many I had when I met with him well before you did. Please refrain from this warefare KnC vs HashFast. As I said in the KnC Thread I dislike you not hashfast.

it took network 4 years to jump up to 1 peta. for the next peta it only took ... 4 weeks. good luck with your pre-orders.

the way i view it is i don't care to outrun the network right now.  i just have to outrun guys like Bargraphics from KNC.

presuming we have roughly the same capacity once i get my initial HF order in the next month or so, i just care to stay with guys like him until the MPP kicks in.  then i'll get 5x the hashing for free to catapult me well past him.  sure, if he wants to go out and buy 5x more capacity to stay with me, he's welcome to.  but do i think he'll do it?  no, i think he'll be forced to turn off his machines.

Just another quote for posterity.

Anyone still think you will get a RIO even with the MPP? Now that we know they are going to be delay, the network just keeps going up and even if after they ship MPP  I dont see it happening...

I can't quite put my finger on why but my feeling is that HashFast is going to end up being the most professional and reliable of the bitcoin miner hardware companies. That is, if they make their deadline.

Of course, they don't have that tough of a competition.

I sent in my NDA form into hashfast today, if it isn't under nda and they hire me I'll try and get you more info

I second jjimm_64 questions.  Some detailed mechanical specs would be nice.

Until HF responds definitely, the "heatsink" is a waterblock.  IIRC it is an off the shelf self cointained waterblock, pump radiator (3x120mm) assembly for cooling Intel CPU so any similar block with matching mounting hole layout should work.   The chip package is 45mm x 45mm so the key thing would simply be a waterblock with the same mounting holes.  

Data is through usb cable.  cypherdoc has stated the boards can be daisy chained   host ----- USB Cable ----->  Board A --- USB CABLE ---> Board B .... etc.  I don't believe HF has confirmed this but it seems likely.  Off the shelf USB hubs are also an option.

I agree it would be nice to have a spec sheet with various details  

3 cheers for the mini boards coming with the chips...AWSOME!

couple of questions.

Does the power for the miniboard come from 2 PCI connections?

Does the data communication happen thru a USB cable?

What type of heat sinks will fit?  will a gpu heat sink screw on it?

Did I miss a spec sheet somewhere?  Any information would be helpful.

Great.  Sorry for my confusion, I missed that it was referring to the blog post and instead though it was referring to the post shortly before on the forum.

How can a company be a leader of anything without delivering something?

Well...not quite now.

I thought the promo upgrade GN module is supposed to ship about a month after delivery, no?

I'd love to find out they just said WTH & just inserted the upgrade chip if we already pre-paid for the upgrade before shipping out on Day 1.    

==

Also, can I get an update from HashFast as to how long that Batch 1 Baby Jet upgrade promo will run? Are quantities getting low or is this deal almost expired?

The reason I ask is that I have a number of Group Buyers that either haven't checked in or paid for their portion of their allotted upgrade shares for 1 of the 2 Baby Jets we bought.

BTW: Great news about the MPP "ease of use." Thanks HashFast.
Although my miners cooperative is hardware diversified, I think you guys/gals still continue to lead the charge as far as best values and best miner protection.

This have been fully answered in the other HF but anyway.

The babyjet can just handle 2 chips because it has no more physical space in the case, not because the controller used ( a raspberry) cannot handle more chips and boards.

Simply install the upgrade or what Bitware refers as expansion board into your babyjet. If the MPP comes in all you have to do is buy some standard parts like the psu, cooling, case and a raspberry or and old pc as a controller and you are ready to go 

I have one BabyJet Order + one BJ upgrade order, prolly others in my situation as well. As fara as I understand, a BJ can only handle 2 chips.

Will I be able to run everything in case MPP hits ? I mean, is it enough to use some commercialy available cooling and PSU for the 'modular board' ?

If yes, what is Bitware's expansion board used for ?