Topic: HashFast launches sales of the Baby Jet - page 47. (Read 119626 times)

At this point, anyone whos trying to convince you this is a great investment has only one agenda:

They're the first batch buyers and they want HF to have enough funds to be on time with their shipment.

The first batch buyers are the only one would have profits at this point.

As much as i like to give you credit, you sound so clueless that i cant see you as a reliable source.

So.... your visit to HF means moot to me.

PS. Solo mining means you mines without a pool. Nothing to do with the cost of hardware.

Lawdy lorks.  You really don't know how to interweb, do u?

They are backing up their stated timelines, but being careful to underpromise and overdeliver.  You should be appreciative, not scornful.

I didn't tell you to buy anything from VMC, but did bring up the possibility for your evaluation.  You said 'no' and I agreed with your reasoning.

HashFast is a different kettle of fish than VMC, as you would know if you'd bother to read up on the facts.  That's why I'm going all Karl Icahn activist investor on you.  

Cypherdoc and I have been very patient trying to spoon feed you like a petulant toddler refusing peas, but it's time for you to do your part and admit that

HashFast != [BFL, VMC]

The grown ups have arrived in the ASIC space.  Put on big boy pants and join us, or stay at the kids' table and fling poo.  Your choice!

have you forgotten?

you're on ignore.

What does that have to do with the nonsense about solo mining, and why have you failed, for the third time, to answer my questions, which i've painted red, just for you?

I will just leave this here so you can see for your self.

http://mining.thegenesisblock.com/a/179c8de46b

Even with 4x hashrate from March you will break even around in June 2014 : http://mining.thegenesisblock.com/a/96b0f483d0

After June 2014, your electrical cost would be higher than your mining earning.


Difficulty increasing rate is set at 80% which is reasonable giving all the 28nm ASICs would be all shipped by December. By March 2014, BFL Monarch will be out and another big jump in difficulty again.

Its not a wise investment at this point.

at $6/GH and more likely $4.8/GH i'd say that's pretty affordable.  at least better than anyone else.

Note the large, red text above.  That's you.
The small red text are the questions you forgot to answer, spindoc.

Edit:  For those who just tuned in & are asking "WTF?", Cypherdoc is an *admitted Paid Shill for Hashfast*.  Please ask me for proof.

Did anyone, and i mean anyone, actually think the ASIC prices would *increase over time*  Who?

And try not to twist your own words, spindoc.  You didn't say hobby mine -- you said "SOLO mine."
Edit:  Bold red text, see?

huh?  this is all you do.

Seriously dood what are you even babbling about? Bitfury *IS* an ASIC vendor. Hashfast is not at this time. You tell me why they aren't comfortable with backing up their own stated timelines. Avalon had actually delivered a product prior to receiving a single coin from me. I've never sent BFL a bitcent, nor will I ever.

If I'd listened to you I'd have sent funds to VMC months ago and have nothing whatsoever to show for it until at least December. You're all over hashfast as your fave of the week, and that's great for you, but I cannot afford to act rashly based on weekly flavor preference.

Did anyone, and i mean anyone, actually think the ASIC prices would *increase over time*  Who?

And try not to twist your own words, spindoc.  You didn't say hobby mine -- you said "SOLO mine."
Edit:  Bold red text, see?

as a matter of fact i did.  

many of my subscribers here can attest to that prediction which i've continually stressed ever since the beginning of this race last year.  i'm not surprised you missed it.

point being, this makes it possible for small players to stay in the game, if not for fat profits, at least to support the network.

ORLY? You predicted the price of ASICs would drop?  The rest of us were thinking that ASIC prices would skyrocket as the difficulty increased exponentially.  But you actually seen this coming, huh...

Goofball:  Prices falling across the board *neither helps nor hurts decentralization*.  That certainly won't make solo mining possible.  I like your soothsayin' and prognosticatin' about falling chip prices & such, but you sure can't infer your way out of a paper bag.

CX, you keep exaggerating because you can't win this argument based on plain facts.

You've let your butthurt from BFL/Avalon turn you against the most promising new ASIC company before they have a chance to proves themselves better than previous ones.  That's not fair, much less intellectually honest and logical.

The HashFast product exists.  It taped out to TSMC a month ago.  The supporting hardware also exists, being mostly off-the self kit anyone may order from Newegg or Amazon.

You ordered Bitfury based products before they were on the self/ready to ship/in-hand, as you complain ASICminer charges too much for in-stock merchandise.

Your Goldilocks approach to hardware worked well for a brief period, and now it doesn't, as has been reflected in BASIC's share price for weeks now.

You lumped all ASIC vendors together, characterizing their merchandise as "rapidly depreciating products that don't exist yet."

You're painting with too broad a brush, as cypherdoc and I have been trying to explain without success.   

Who did that? n/m don't bother explaining.

c) It still works because people continue to foolishly pay months in advance for rapidly depreciating products that don't exist yet.

If this were not the case then the pre-order model would rapidly disappear. Which will happen anyway after enough people are screwed over.

Like I said, I like hashfast's product on paper, I do not like their fine print. Guarantee delivery or give me my money back 15 days after you claim you'll ship it and I'm in. While this looks like a good deal for delivery in November, it will almost surely be a loser if delivered January 27th.

Of course they do BUT there is two reasons why pre-orders (by all companies) will continue:

a) A seller which waits 30-90 days to make the sale when the unit is ready risks having the sales lost to OTHER competitors who offer preorders.  Simple version only so much capital will be thrown into hardware this generation and waiting gives the seller absolutely no advantage.  How much hardware will be sold?  I have no clue but obviously that number is finite (in the near term) and every sale counts towards that total. 

b) you probably won't like the available to ship tomorrow prices.   Say you (personally) owned a bitfury 400 GH/s rig and your estimate (based on difficulty growth) is that it will net 120 BTC over the next year.  Would you sell it for less than 120 BTC?  You might discount it to account for the risk (120 BTC in hand is worth more than projected 120 BTC) but the discount likely will be small.  Maybe you would sell 120 BTC future revenue for 100 BTC today but you certainly wouldn't sell it for 50 BTC or 30 BTC.  The same thing will happen with hardware companies.  They can do their own projection.  So say HF has a 100 Sierras lying around in Dec, and they have some smart people run some projections on future earnings, lets say hypothetically they estimate it will net 200 BTC before falling below break even.  Now they probably aren't going to sell it for 200 BTC.  Buyers can do the same projections and likely will pass so they will need to discount it "some" but the idea that they (or anyone) would discount it so much that it would be massively profitable (i.e. pay 20 BTC, get 200 BTC over next 18 months) is illogical.  They could just use them to mine for themselves.

indeed.  i have met with them, talked with their engineers, and viewed detailed plans.  they are legit.

while this runup in the hashrate is concerning for everyone including HF, they are furiously working hard to deliver on time.  the chips are indeed being rocketed thru TSMC and should be delivered in October.  

i am excited by the Golden Nonce chip design.  thermal controls will help prevent frying of your investment and the cooling system tests have been very positive.  in fact, initial cooling estimates have been exceeded which should allow overclocking to 500GH/s or beyond.  no promises though, of course.

the thing is, the current pricing is dropping as i predicted a long time ago for asics in general which can only be good for miners.  these prices are extraordinary and i myself may have to order more.  this is going to keep the network decentralized and solo mining still affordable.  once the BTC price starts ascending again, which it will, those asic manufacturers with the most efficient chips are going to cause a shakeout in this industry.