Topic: [**OPEN**]R2B:HashFast + Host, Dbl. HashRate Upgrade, $43, 10-13GH/s MPP (Read 35751 times)

Thanks FTU

Sued again
Lawyers love Hashfast and all the people who pay them to sue.
Something tells me the money is gone never to be seen again but who knows.
I'll take a look.
Hope you are doing well mate.
Best wishes...

D

HashFast is being sued
DZ Group Buyers and Organizers are silent..
 

Did anything ever happen with this?

Hope everyone is safe and well....


Best wishes

Well I do more ltc with gridseed blades then anything else.

reasons are:
 I can buy them with a paypal cc. 
 I know they work. 
 They are not really bad power users. ===  under 90 watts with a plat psu.
 I can make them quiet with a quality Noctua fan.

 I will most likely stay with them for the summer. 
Hold some btc hold some ltc and hope for the best.

Sorry, Phil.

I was so depressed to see this whole model collapse thanks to delay after delay and lies to all of us miners. The trolling made me sick to my stomach to even think of stopping by and the last straw was PG dragging my kid into our pissing match about nada since he never even bought from us. I'm at peace though with the fact that a grown man that would do such a thing and stalk another grown man must have some diagnosed or undiagnosed mental issues.

As for having to deal with the fallout of the delays and flat out lies to us involved with the reassurances coming out of HashFast and Bitmine. I really hate to be in the middle and I still get asked for refunds even though I haven't controlled R17 refunds (or most Round refunds) for a while, in our division of labor, and checks/balances.

Anyway, I'm out of BTC mining entirely. Only mining x11 w/ one GPU and Scrypt with a couple Blizzards.

Trying to be positive after taking some time to recharge...still excited about Bitcoin and the crypto economy in general...not so stoked about how centralized and greedy its become. Cex.io takes 44% annual fees and somehow it's the dominant pool? Wow. I don't get it, sorry.

 Oh well half a loaf is better then none

 It is   good to see you making a post on this thread

 I missed you from this part of the forum.

The latest is the Notice of Chapter 11 Bankruptcy Case, Meeting of Creditors, & Deadlines letter from the US Bankruptcy Court was just received. We dropped the TRO to proceed in CA.

We're going to be an official creditor in this case. Your guess is as good as mine as to what we're going to get out of this. We may be lucky to see 50 cents on the dollar let alone a full BTC refund if the situation's as bad as it looks.

In case you missed the article: http://www.coindesk.com/bitcoin-mining-manufacturer-hashfast-enters-chapter-11-bankruptcy/

http://www.coindesk.com/hashfast-cuts-50-of-staff-denies-bankruptcy-rumors

High Points for the lazy:

• 50% (15 people) of staff layed off
• 2 Federal Cases, 5 Arbitration Cases ongoing
• New CFO: Monica Hushen (former HP, ECS Refining Exec)
• Gallo, attorney representing 3 of the artbitration cases is concerned HF may soon be insolvent
• HF wouldn't talk to ARSTechnica when they visited
• HF Rep Joe Russell did talk to Coindesk however
• HF say they are converting system and board orders to ASICs, even for the people suing them
• HF say they have a large Chip inventory to ship (where did I hear that before?)
• HF claim the conversion will see customers get significantly more hashing power than ordered (sceptic here)

Most would argue their customer service never existed:


There is a timeline website here http://hashfast.org/Timeline for those interested in the sequence of events. From the wiki:

It's hard to be optimistic about any of this but actually it looks like some good news, either way there should be a hearing in June/July . The original amount of BTC to be held by the state TRO (218 BTC correct me if I am wrong) should be safe.  What concerns me is that the court has misgivings about the merit of this case.
But lets see what the lawyers do..

Really interesting, thank you. I was completely wrong and i had no idea that "removing" from state court actually means "moving" to federal courts

Hey Thomas, looks like you missed something.


http://www.plainsite.org/dockets/28bcmv3zn/texas-northern-district-court/cypher-enterprises-llc-v-hashfast-technologies-llc-et-al/


IN THE UNITED STATES DISTR:DCT COURT FILED
NORTHERN DISTRICT OF TtXAS { ~_~.c_~ !
\
FORT WORTH DIVISIO J .22211t4_
CLERK, U.S. DISTR:cr':"'J

CYPHER ENTERPRISES, LLC,  Plaintiff,
VS.  HASHFAST TECHNOLOGIES LLC, Defendants.
 
ET AL.,


 ORDER
Came on for consideration the request for preliminary
injunction hearing, filed in the above action by plaintiff, Cyper
Enterprises, LLC. Although the court has misgivings about the
merit of such motion, the court anticipates setting the matter
for a hearing in the near future.
For the information of the parties, the court does not
intend to try this case twice.

Therefore, a trial on the merits
is to be combined with the preliminary injunction hearing, the
net effect of which is to combine the trial on the merits with a
hearing for a permanent injunction. The court expects the
parties to fully cooperate in their discovery on the assumption
that the trial on the merits will be combined with the hearing on
plaintiff's motion for preliminary injunction. The parties are
expected to cooperate in conducting expedited discovery with that thought in mind.
There is a possibility that the court will set this case for hearing on the trial of the merits as well as on the preliminary injunction sometime around or after late June or
early July 2014.

The parties should bear that possibility in
mind in evaluating and executing their discovery needs. If the
court finds that either side is not fully cooperating in
expedited discovery, the court will take appropriate action. In
other words, the court expects, and hereby ORDERS, the parties to
fully cooperate in conducting discovery on an expedited basis
that would allow it to be completed in advance of a hearing/trial
in this action sometime around or after late June or early July
2014.


Blah blah blah after that but if anyone is interested the full PDF is publicly available at

http://www.plainsite.org/dockets/download.html?id=149147024&z=41085f69

That is the lawsuit for all the Hashfast group buys that the DZMC has put together, unfortunately the update every week until the case is over will be, there is no new information that can be disclosed at this time due to an active lawsuit.

So that was a month ago. Are we part of this law suit? If not where is our law suit or refund?

Also there should be weekly updates even if there is no info. But need more info otherwise I'm assuming you are doing nothing and just not expecting to pay back anything.

You signed upto run a group buy, and hence you need to keep your group buy informed. Currently that link you sent was now 4-5 weeks old, that is not keeping me informed.

http://www.prnewswire.com/news-releases/deans--lyons-lawyers-obtain-a-tro-against-hashfast-technologies-freezing-its-bitcoin-wallets-252963991.html

Hashfast is currently being sued in Texas.

Sorry, but what is the current situation of our refunds. Stop passing around and just get it sorted.

Fed up with this crap don't care about your personal issues, to me it is another excuse. Just get this sorted.

Nothing posted in 2-3 weeks, come on guys......

Thanks JD. Hope all is well in your jungle.

I didn't even go on my computer for days at a time I was so disgusted and creeped out that a grown man would stoop to trawling old threads I'd shared to provide a fun story in a PC gaming subreddit well over a year ago before I was even involved in Bitcoin, and to try to turn around a happy memory about one of my kids that was shared freely with others, just to push a dark agenda/vendetta just plain sucked. And when I did get online, I just couldn't log into here with the new revulsion I felt with anything related to Bitcoin and this forum.

Again: apologizes to you guys/gals that may have got caught in the crossfire. I'm used to fight/flight decisions from dealing with dodging sets (of waves) on the head but in this case: fight was endless/pointless (you can dig the details if you want: they're ugly and I haven't even responded back to him since a scam accusation thread he participated in weeks ago), so I chose the only other option available.

The closest thing I found to a hard rule around here is: don't say something to someone here that you wouldn't say to their face. This line was crossed several times and I basically said screw it: I'm not paying to take this abuse any longer or to deal with trolls with obsessive fabricated vendettas, esp. if one of them is willing to drag my kids into our running electronic beef.

I know I shouldn't let it get to me but I felt a repulsion/aversion to even logging into here after...everything...

In case news: no court this week, looks like it was delayed for some reason but nothing has changed as far as the case we have against them.

Sorry to hear that DZ, thats really low and hard to imagine, as a father I sympathize with you and hope you stay strong through this.
Thanks for giving a full update that really helps your credibility, Im still not happy with the way things worked out but at least you did what you said you would do and I thank you for that.

Good luck with the case and again thanks for the full disclosure.

Stay strong brother.

So sad to see the dark side of this community.

Neo Bee also had a crazy stalker https://bitcointalksearch.org/topic/m.6030319

Another thing the ToS forbids is suing them; you have to go via arbitration. If you don't get kicked to arbitration it's gonna be interesting.

That is basically saying that i could have sued them as well here in Italy.

I suggest you to try the 100 Bush Street address.
Posted from Bitcointa.lk - #B8QrQiQD26xtaysx

Basically: that was spin and mayhaps some desperation from HF to not have a precedent set. We are asking for damages as is normal in cases like this.

==

Also: I want to publicly apologize for going MIA. I'm very sorry if you were caught in the crossfire. I owe you guys a longer explanation.

What you guys may not have known is that one persistent stalker troll w/ a so-called "Hero" membership IIRC managed to drag *my kids* into our ongoing Internet argument in an argument spanning weeks and even multiple threads. My last communication to him was weeks ago after he crossed a line in a Scam Accusation thread. I'm not comfortable engaging in a community - where a stalker/troll (without proof, no less) can engage in behavior that would get you punched in the face IRL - and can get away with it behind the anonymity of the internet.

I was disgusted by this behavior, that a veteran Bitcoin miner/investor would stoop to such levels in an attempt to attempt to besmirch my reputation and the co-op's integrity, while cowardly hiding behind his anonymity...while trying his very, very best to find out my real life name/ID. This, while showing no hesitation at trying to turn a harmless statement made about my daughter playing as a noob PC gamer as a 3 year old on Halo PC into something that somehow brought into question my long history of sales...yes, fucking Creepy Behavior with a capital C & B. This member has a record of digging deep to try to find dirt, oftentimes where there's no smoke, nor fire.

Perhaps, if you're a father, you would understand my disgust and aversion with anything having to do with this place after that. I couldn't even *think* of logging in I was so disgusted and angry. I'm sorry, if your PM is in the big backlog that's in there.


==

In the course of sales, I'm used to defending the co-op's integrity against all comers, but when this stalker/troll brought my kids into it, he crossed that line: this is something that as a Parent, awakens something Primal and angry within me. (FWIW: You must really, really suck at arguing if you have to bring a stranger's kid into your meaningless Internet argument)

I would do anything for my kids, and like the average parent, sacrifice a lot for my kids. I recognize that most people are regular, nice people, but the forum doesn't have a method to really punish a stalker troll that would do something so execrable and I do acknowledge the fact that there are sociopaths and psychopaths that revel in destruction (and some of them may be stalker/trolls). This was the final straw for me.

Why should I pay for abuse when I'm not a masochist? Why should I put my kids at risk if there's even a remote chance - if not this stalker/troll then another one, could find me and actually come to my house unannounced and possibly unhinged (even if they never even bought anything from me/us)?

Our time here is limited. Be nice to one another. Be less quick to throw unfounded accusations. This is *still* the *only* mining co-op that has raised hundreds of dollars of funds on behalf of others, and I'm proud of how co-op members have been quick to help one another.

So again: sorry, but please refer questions to Thomas for now. Perhaps one day I'll open up another GB here but I'm pretty much scarred and sickened by the whole matter, and a still a bit pissed off. Life is just way too short to have to engage in eternal Internet Flame Wars with the possibly unhinged on one side, and nearly every ASIC manufacturers on the other side, failing to meet yet another deadline.

For now, at this point in time: I'm taking a long hiatus from future GBs but will be closing out these GBs along with Thomas, -Redacted-, and bobsag3. Perhaps, I'll return to sales or even escrow here one day, but for now, as a human, and a father, I'm still working through some things.