Topic: Have you ordered your HashFast Baby Jet yet? - page 3. (Read 5000 times)

Remember No Pre order. and don't buy if they don't accept credit cards and paypal

What?

I know pre-orders are scary due to all the uncertainties but I think I set up the best Win/Win Group Buy with the lowest purchasing & hosting costs to be found anywhere, on the other forum:

https://bitcointalksearch.org/topic/openr2bhashfast-host-dbl-hashrate-upgrade-43-10-13ghs-mpp-274055

- John K. handles all the funds & ordering details so the Group Buyer (me) can't run off with the funds which has happened with scumbags previously.
- He will be handling any refund requests, if necessary. If a mfg. gives John K. a hard time over a refund, you can bet they'll be banned from this forum forever.
- He has my AM shares currently worth about $500 as collateral for 2-3 months & will have admin access to the HF/CT miner to make me behave during miner payouts until folks get comfortable
- HashFast promises chips up to 4X of your order (1.6 to 2 TH total) if you don't make ROI in 3 months. If you're a miner, their MPP seems to be the best hedge against not meeting ROI from your miner purchase due to possible delays or runaway network difficulty.


Most folks don't have $6K lying around for opportunities like this. I could've just joined a Group Buy & bought a quarter of a Baby Jet, but I also wasn't happy with the lack of a reasonable exit strategy from other listed Group Buys. TGB projections show any miner will be useless in a year; might as well sell it at the 6-7 month mark when most of the annual ROI (90%+) have already been captured and the device still has some resale value.

I thought about all the risks involved for the people taking the plunge, and I've done my best to ameliorate pre-order fraud concerns & set up this Group Buy in a way, that the people involved get access to the best equipment & the best values (found only at the high end) while minimizing their exposure to risk.

I truly think Group Buys like this (and mining shares) will be the only real way hobby miners will be able to keep up in the future. I'm aiming to set myself up as a GB co-ordinator so that I can continue to get access to the best equipment and best values for smaller GBs in 2013/2014.

There's currently 28 share reservations left, if anyone's interested in the least expensive - and safest - method to own part of a Baby Jet with 2.75% hosting fees.

you and me both.  i thank gaud everyday about having made it thru the Avalon gauntlet, ie, Batch 2, unscathed.  my 3 units have worked perfectly too as an added bonus.  i too had the good sense (luck?) to cancel not only a BFL but bASIC units as soon as i detected problems.

this lame brain theory by Bitcoinorama that we have this contractual obligation via cc's to cut off our balls and hand them over to red flagged companies is insane.

so i guess i'm coming at this from a totally different perspective than the burnt ones here. 

Well I held off on pre order on BFL and I did pre ordered avalon, so far I made the right call and now I have a pre ordered for some baby jets.

No more pre-orders for me too!

well, i still have my 8 orders in.  of course.

one day, one of these companies is going to make it thru the pre-order gauntlet in good shape and then go on to do great things in terms of being able to produce a money making machine at their own expense just so everyone who buys it can make guaranteed money.  sounds like a paradox, eh?  it is, b/c then why sell them?

anyways, that is what everyone around here in Bitcoin Asic World seems to think is going to happen.  i really don't think so.  which is why i don't mind the pre-order scenario given that i believe i have done my due diligence.  no risk, no gain.

i want to be involved in asic mining.  but that's just me. we'll see.

Thanks but no, no more pre-orders for me.

And look at where that has gotten miners so far...

KnC is allowing people to cancel their orders. If you read the thread there are a bunch of people who got cold feet, asked for a refund and got it.

So at least with them, if you change your mind before they ship you can back out.  HashFast isn't allowing cancel, they're very BFL like.

Also, they were saying they'd refund your money only if they didn't ship before December 31st. At which point the difficulty could be off the charts if Cointerra ships.

On the other hand they have a "miner protection plan" where you get extra chips if their units don't ROI in 90 days, but it's just chips, you still have to pay for cases/PCBs with that plan.

KnC is already saying their november prices will be lower, so if you want a miner in that price range at that date, it's probably better to just wait until november and buy from them.

I ordered and already paid for one. Got my eggs in multiple ASIC baskets... I guess I haven't learned the BFL lessons :/, but at least the founders and other members aren't convicted felons It's expensive assuming everyone else delivers on time, but I'm betting some/most eggs won't. Plus, they have the Miner protection program which helps if ROI isn't achieved within 90 days.

One thing that threw me off was that they originally said they'd allow Local pick up, but when I ordered they contacted me to say that they won't be allowing it. Meh, maybe they'll reconsider.

Pre-orders are fine when there is adequate consumer protection in place. Unfortunately, most ASIC vendors do not have it.

+1,000,000,000,000

I'm third on this. No more pre-order should go to any vendor before their products are ready to ship / have proof that they can deliver that they are selling. The recent Avalon chip fiasco should be a damn good reason to reconsider pre-ordering anything.

Me too! 

I am hoping to become a distributor or at least host a few Group Buys since they are only a few hours away from me

HERE HERE!  I'm done sending $$ or BTCBTC to companies who have ZERO obligation to me as a customer.

I'm waiting for Cointerra to show us what they can do. In the meantime difficulty will have a change to develop further.
Baby Jet isn't that much of an improvement if any from BitFury. I should get some this month  

I also agree but so far it's been the nature of the best in the bitcoin mining industry so far.. :/

I second that.

+1 101% agree !!! NO MORE PRE-ORDERS !

Same thought crossed my mind.

By the time it ships, they will surely give the price a haircut.