HashFast launches sales of the Baby Jet - page 59.

tyrion70

legendary

Activity: 934

Merit: 1000

Quote from: SirWizz on August 11, 2013, 07:25:48 AM

Quote from: tyrion70 on August 11, 2013, 07:17:21 AM

How come your first batch doesn't go to your biggest customer as of yet: DeadTerra with his IceDrill mining company? I'd expect that a 500TH Sales order would be moved to the top of the line?

He said first batch of baby jets, not first batch of chips. If you think they'll only make 550 chips in the first run... well let's just say that probably won't happen.

Yeah I read that.. but DeadTerra is saying the operation is starting in November.. That means he won't receive his miners untill then. Which I find weird considering that 500TH == 1250 BabyJets.. Since DeadTerra says he had contact with Hashfast for a while I would expect his order to be delivered first. Not a full month later.. Especially if with currect difficulties a full month means almost 60% drop of returns..

SirWizz

full member

Activity: 173

Merit: 100

Quote from: tyrion70 on August 11, 2013, 07:17:21 AM

How come your first batch doesn't go to your biggest customer as of yet: DeadTerra with his IceDrill mining company? I'd expect that a 500TH Sales order would be moved to the top of the line?

He said first batch of baby jets, not first batch of chips. If you think they'll only make 550 chips in the first run... well let's just say that probably won't happen.

crumbs

full member

Activity: 210

Merit: 100

Quote from: DeaDTerra on August 11, 2013, 06:57:40 AM

Hi!
We are currently renegotiating the deal with HashFast as it looks like we might not be hitting our goal (though there are still 12 hours left).
At the moment it looks like we will be able to move forward without the full amount, with some changes in the deal.
We will still uphold the commitments made to the investors, we will scale down on the mine but the shares will still be worth 10 mhash each at startup.
The exact details of the deal and what it means for the IPO will be posted in an announcement later.

The lark’s on the wing;
The snail’s on the thorn;
God’s in His heaven --
All’s right with the world! Roll Eyes

tyrion70

legendary

Activity: 934

Merit: 1000

How come your first batch doesn't go to your biggest customer as of yet: DeadTerra with his IceDrill mining company? I'd expect that a 500TH Sales order would be moved to the top of the line?

HashFast

full member

Activity: 154

Merit: 100

Quote from: BitCsByBit on August 10, 2013, 09:06:22 PM

Does this mean it will cost extra for future purchasers?

No, we are selling all of our first batch of Baby Jet's for $5,600.

AussieHash

hero member

Activity: 692

Merit: 500

Quote from: Simon Barber on August 10, 2013, 09:02:01 PM

Quote from: ninjarobot on August 10, 2013, 07:43:12 PM

If you really want to do it right you should provide customer protection by providing refunds based on missed opportunity cost.

For example:

HashFast promises to ship on October 30.
Customer paid ~60 BTC for a pre-oder unit.
Customer registers a refund BTC address at the hashfast.com site.
For every day HashFast misses their target shipping date, a partial automatic refund will be made based on what a 400 GH/s unit would have mined at the difficulty at that date.
This would continue until either the refund is complete or the unit is delivered.

This would:

Prevent a BFL-type pitchfork scenario and alleviate worries that HashFast might be hashing with customer hardware at customers expense.
Give customers peace of mind; At worst they would have provided a free BTC loan to HashFast. At best they get a unit that has already started making some ROI before delivery.
Provide a strong incentive for HashFast to deliver on time.

We are working on finalizing a guarantee program for purchasers that will provide some good coverage in case of late delivery, the text is being perfected now, and we will be publishing it in the next few days. It will be offered free to all existing purchasers.

From Hashfast's website - they hope to tape out in August - shortening a 12 week timeframe to 6 weeks
https://www.hashfast.com/uniquifystatemen/
https://hashfast.com/wp-content/uploads/2013/07/uniquify_statement_about-_HashFast_ASIC_Chip.jpg

From the KnC thread, some time line discussions about else needs to be done POST tape out. Assuming the chips don't get stuck in customs for 2 months.

Quote from: HyperMega on August 03, 2013, 09:30:38 AM

Quote from: sbfree on August 03, 2013, 09:05:48 AM

Yipyip, in other words, according to kncminer, by "tape-out" they mean to say that the chip is beyond theoretical design, and is now actually in the fabrication (or build it stage as you put it) plant where they make ASIC chips?

Anyone know how long it takes to fab 50 wafers?

Wafers are manufactured in lots (e.g. 25 wafer each). A Foundry normally gives you a committed cycle time for the concrete 28nm fab for a wafer lot. That time strongly depends on what priority your run got and which tech options you choose (e.g. how many metal layers). If they were lucky and got a so called "rocket" run it could be as fast as 30 to 45 days. Standard runs take between 60 to 90 days.

After that the wafers must be bumped (prepared for flip-chip packaging, probably at another facility), diced in dies and packaged in the flip-chip package. Don't know how long this takes exactly, but it could be easily "2 more weeks". Wink

http://dot-bit.org/tools/nextDifficulty.php

sneef

member

Activity: 69

Merit: 10

I was not intending to purchase, as the numbers and dates do not work for me.

But i must say, your continued avoiding of questions, to me, seems scammy.

That my 2 Satoshi on this offering.

plasmoske

sr. member

Activity: 308

Merit: 251

The realist

And still you haven't answered most of the questions in this thread. Wat the f?

eve

full member

Activity: 210

Merit: 100

After pestering him , he decides to look into the refund policy and guarantee delivery time. You still do not accept credit cards, and most of your techs specs and are only doable on theory and not proven. Be careful and stay away and stay clear.

BitCsByBit

sr. member

Activity: 252

Merit: 250

Quote from: Simon Barber on August 10, 2013, 09:02:01 PM

Quote from: ninjarobot on August 10, 2013, 07:43:12 PM

If you really want to do it right you should provide customer protection by providing refunds based on missed opportunity cost.

For example:

HashFast promises to ship on October 30.
Customer paid ~60 BTC for a pre-oder unit.
Customer registers a refund BTC address at the hashfast.com site.
For every day HashFast misses their target shipping date, a partial automatic refund will be made based on what a 400 GH/s unit would have mined at the difficulty at that date.
This would continue until either the refund is complete or the unit is delivered.

This would:

Prevent a BFL-type pitchfork scenario and alleviate worries that HashFast might be hashing with customer hardware at customers expense.
Give customers peace of mind; At worst they would have provided a free BTC loan to HashFast. At best they get a unit that has already started making some ROI before delivery.
Provide a strong incentive for HashFast to deliver on time.

We are working on finalizing a guarantee program for purchasers that will provide some good coverage in case of late delivery, the text is being perfected now, and we will be publishing it in the next few days. It will be offered free to all existing purchasers.

Does this mean it will cost extra for future purchasers?

Simon Barber

newbie

Activity: 56

Merit: 0

Quote from: ninjarobot on August 10, 2013, 07:43:12 PM

If you really want to do it right you should provide customer protection by providing refunds based on missed opportunity cost.

For example:

HashFast promises to ship on October 30.
Customer paid ~60 BTC for a pre-oder unit.
Customer registers a refund BTC address at the hashfast.com site.
For every day HashFast misses their target shipping date, a partial automatic refund will be made based on what a 400 GH/s unit would have mined at the difficulty at that date.
This would continue until either the refund is complete or the unit is delivered.

This would:

Prevent a BFL-type pitchfork scenario and alleviate worries that HashFast might be hashing with customer hardware at customers expense.
Give customers peace of mind; At worst they would have provided a free BTC loan to HashFast. At best they get a unit that has already started making some ROI before delivery.
Provide a strong incentive for HashFast to deliver on time.

We are working on finalizing a guarantee program for purchasers that will provide some good coverage in case of late delivery, the text is being perfected now, and we will be publishing it in the next few days. It will be offered free to all existing purchasers.

cryptograd

member

Activity: 112

Merit: 10

Quote from: Vagnavs on August 08, 2013, 07:05:23 PM

Only BTC for payment. how about credit card?

BUY BTC WITH CREDIT CARD

Vagnavs

legendary

Activity: 1121

Merit: 1003

Quote from: plasmoske on August 10, 2013, 07:45:13 PM

Come on John. Plenty of questions that need to be answered and you just keep on.....

I don't know if you're just ignoring everyone or just don't have the answers to the questions people ask.

Getting scammier by the day my friend.

I think it's too late..

plasmoske

sr. member

Activity: 308

Merit: 251

The realist

Come on John. Plenty of questions that need to be answered and you just keep on.....

I don't know if you're just ignoring everyone or just don't have the answers to the questions people ask.

Getting scammier by the day my friend.

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Quote from: Simon Barber on August 10, 2013, 01:08:08 AM

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

This is a step in the right direction.

If you really want to do it right you should provide customer protection by providing refunds based on missed opportunity cost.

For example:

HashFast promises to ship on October 30.
Customer paid ~60 BTC for a pre-order unit.
Customer registers a refund BTC address at the hashfast.com site.
For every day HashFast misses their target shipping date, a partial automatic refund will be made based on what a 400 GH/s unit would have mined at the difficulty at that date.
This would continue until either the refund is complete or the unit is delivered.

This would:

Prevent a BFL-type pitchfork scenario and alleviate worries that HashFast might be hashing with customer hardware at customers expense.
Give customers peace of mind; At worst they would have provided a free BTC loan to HashFast. At best they get a unit that has already started making some ROI before delivery.
Provide a strong incentive for HashFast to deliver on time.

HashFast

full member

Activity: 154

Merit: 100

Hi Everyone,

We are currently processing orders. If you are intersted in a purchase, you can call us at (800) 609-3445 or email us at [email protected].
If you have already submitted an order, please have the order number ready when you call or include it in the email.

Thanks!

John
HashFast.com

cycloid

sr. member

Activity: 434

Merit: 250

Quote from: CoinHoarder on August 10, 2013, 02:53:18 AM

Quote from: eve on August 10, 2013, 01:56:07 AM

Quote from: plasmoske on August 10, 2013, 01:38:24 AM

Quote from: Simon Barber on August 10, 2013, 01:08:08 AM

Quote from: cycloid on August 10, 2013, 12:18:15 AM

Now since the only payment option is in BTC Will I get the same ammount of BTC back should you fail to deliver by December 31st?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

That's a big promise.

A btc rate of $100 is not the same as $150 in 2 months time. What a smoke screen promise.

It would be nice to have a written statement about your funding. If you're promising 1 to 1 BTC refunds, you must be funding the R&D/production yourself? If you explain this I think it will ease a lot of worries.

This promise just steered me away 100%

Too many holes in this venture, biggest one so far is absence of Escrow service IF refunds are 1:1 in BTC
The only logical conclusion they want to have an option on defaulting or USD equivallent refunds in case of failure to deliver, which seem like part of the plan from the start.

Ytterbium

full member

Activity: 238

Merit: 100

Quote from: Seth Otterstad on August 10, 2013, 07:42:15 AM

Quote from: DeathAndTaxes on August 09, 2013, 03:06:42 PM

Quote from: yeemartin on August 09, 2013, 03:00:17 PM

Bet：

http://bitbet.us/bet/507/hashfast-will-deliver-asic-devices-to-spec-before/

Why do people make bets which close at the event. Why would anyone bet now given that there will be a flood of bets seconds before the deadline when the outcome is no longer a gamble.

This blows my mind that people still use that site since the launch of predictious.com. A lot of bitcoiners seem to try very hard to lose all their money.

Especially when the current "odds" are so lopsided, you are basically guaranteed to lose money if KnC doesn't deliver.

crumbs

full member

Activity: 210

Merit: 100

Quote from: eve on August 10, 2013, 01:56:07 AM

Quote from: plasmoske on August 10, 2013, 01:38:24 AM

Quote from: Simon Barber on August 10, 2013, 01:08:08 AM

Quote from: cycloid on August 10, 2013, 12:18:15 AM

Now since the only payment option is in BTC Will I get the same ammount of BTC back should you fail to deliver by December 31st?

Orders are taken in BTC, in the unlikely event we get to refunds they will be given in BTC.

That's a big promise.

A btc rate of $100 is not the same as $150 in 2 months time. What a smoke screen promise.

If HashFast is *using* the pre-order money, refunds of any kind (BTC or current $ value) are out of the question -- you can't refund money that is already spent.
If HashFast is *not using* the pre-order money, why is it being locked in until next year?
Can HashFast make a statement on how pre-order money will be used?

Seth Otterstad

sr. member

Activity: 328

Merit: 250

Quote from: DeathAndTaxes on August 09, 2013, 03:06:42 PM

Quote from: yeemartin on August 09, 2013, 03:00:17 PM

Bet：

http://bitbet.us/bet/507/hashfast-will-deliver-asic-devices-to-spec-before/

Why do people make bets which close at the event. Why would anyone bet now given that there will be a flood of bets seconds before the deadline when the outcome is no longer a gamble.

This blows my mind that people still use that site since the launch of predictious.com. A lot of bitcoiners seem to try very hard to lose all their money.

Topic: HashFast launches sales of the Baby Jet - page 59. (Read 119626 times)