HashFast announces specs for new ASIC: 400GH/s

[dopamine]

HashFast really needs to clean ship here. They appear to have a good engineering team, but their sales and marketing is the worst I've seen.

Well you got that wrong IMHO. "A good engineering team" which needed a few weeks (a month?) and 3 PCB revisions just to get the device up to nominal hashing speed? They couldn't get it hashing for big Bitcoin events when their sales directly depended on it. KnC did that in a single day. With additional testing for maximum overclocking speed before they went for supper.

On the other hand, they have a sales team which scammed the whole (usually paranoid) Bitcointalk community with ease, even getting that community to send BTC while forgetting to ask for "full BTC refund" in writing.

I think you have to revise your assessment of their teams quality.

In writing? forgetting to ask for "full BTC refund" in writing. the TOS clearly states full refund via payment

2. PURCHASE AND PAYMENT.

(a) Guaranteed Baby Jet Delivery Dates. All of the 550 Baby Jet units from

Hashfast's first production batch are guaranteed for delivery by December 31,

2013. If Buyer ordered one or more units of such Baby Jets, and Hashfast does not

deliver such units by that date, then Buyer may cancel the undelivered portion of

the order at Buyer's request and Hashfast will refund the payment for the units

that Buyer purchased but did not receive and cancelled. This cancellation and

refund is Buyer's sole and exclusive remedy for Hashfast failing to deliver by the

December 31, 2013 guaranteed delivery date, and Buyer must cancel the order by

January 15, 2014 to avail itself of this remedy.

[itod]

In writing? forgetting to ask for "full BTC refund" in writing. the TOS clearly states full refund via payment

2. PURCHASE AND PAYMENT.

(a) Guaranteed Baby Jet Delivery Dates. All of the 550 Baby Jet units from

Hashfast's first production batch are guaranteed for delivery by December 31,

2013. If Buyer ordered one or more units of such Baby Jets, and Hashfast does not

deliver such units by that date, then Buyer may cancel the undelivered portion of

the order at Buyer's request and Hashfast will refund the payment for the units

that Buyer purchased but did not receive and cancelled. This cancellation and

refund is Buyer's sole and exclusive remedy for Hashfast failing to deliver by the

December 31, 2013 guaranteed delivery date, and Buyer must cancel the order by

January 15, 2014 to avail itself of this remedy.

Well, mate, good luck putting that equality sign between these two things in the court. I'm not saying it can't be done, but don't you think it would be a whole lot easier if you would have ""full BTC amount" instead of "payment"?

[ninjarobot]

In writing? forgetting to ask for "full BTC refund" in writing. the TOS clearly states full refund via payment

2. PURCHASE AND PAYMENT.

(a) Guaranteed Baby Jet Delivery Dates. All of the 550 Baby Jet units from

Hashfast's first production batch are guaranteed for delivery by December 31,

2013. If Buyer ordered one or more units of such Baby Jets, and Hashfast does not

deliver such units by that date, then Buyer may cancel the undelivered portion of

the order at Buyer's request and Hashfast will refund the payment for the units

that Buyer purchased but did not receive and cancelled. This cancellation and

refund is Buyer's sole and exclusive remedy for Hashfast failing to deliver by the

December 31, 2013 guaranteed delivery date, and Buyer must cancel the order by

January 15, 2014 to avail itself of this remedy.

Well, mate, good luck putting that equality sign between these two things in the court. I'm not saying it can't be done, but don't you think it would be a whole lot easier if you would have ""full BTC amount" instead of "payment"?

This is not a problem as the ToS clearly defines 'the payment' as:

Payments are due in the amounts, in the currency, and at the time stated in the order or confirmation sent by Hashfast, or if not so stated: (a) paid in Bitcoin

https://hashfast.com/checkout/terms-of-sale/

So I your payment was a certain amount of BTC. A full refund of the payment is the return of same amount of BTC.

[Vagnavs]

In writing? forgetting to ask for "full BTC refund" in writing. the TOS clearly states full refund via payment

2. PURCHASE AND PAYMENT.

(a) Guaranteed Baby Jet Delivery Dates. All of the 550 Baby Jet units from

Hashfast's first production batch are guaranteed for delivery by December 31,

2013. If Buyer ordered one or more units of such Baby Jets, and Hashfast does not

deliver such units by that date, then Buyer may cancel the undelivered portion of

the order at Buyer's request and Hashfast will refund the payment for the units

that Buyer purchased but did not receive and cancelled. This cancellation and

refund is Buyer's sole and exclusive remedy for Hashfast failing to deliver by the

December 31, 2013 guaranteed delivery date, and Buyer must cancel the order by

January 15, 2014 to avail itself of this remedy.

Well, mate, good luck putting that equality sign between these two things in the court. I'm not saying it can't be done, but don't you think it would be a whole lot easier if you would have ""full BTC amount" instead of "payment"?

This is not a problem as the ToS clearly defines 'the payment' as:

Payments are due in the amounts, in the currency, and at the time stated in the order or confirmation sent by Hashfast, or if not so stated: (a) paid in Bitcoin

https://hashfast.com/checkout/terms-of-sale/

So I your payment was a certain amount of BTC. A full refund of the payment is the return of same amount of BTC.

I'm sure it was converted to Fiat right away. That and prices risen tenfold. But good luck in your quest for a refund

[PuertoLibre]

Do I sense a growing battle between Batch 1 customers and Batch 2, 3 and 4?

Batch 1 customers failed to get their hardware on time. Now they are seeking the return of their (substantial) funds. While Batch 2, 3 and 4 are probably worried of the ship sinking before they get theirs. (well not that it matters even if they did)

Someone should start a poll to see how Batch 2, 3 and 4 customers feel about this whole drama. Especially how they feel about Batch 1 customers on their "refund standoff".

We are on day 5 of the new year and there are only 26 days left until the next (Batch 2) deadline. If it goes south for Batch 1, then Batch 2 probably won't hold their complaints to themselves or probably even wait until the deadline.

Quite the Pinch HashFast finds themselves in...

[Phinnaeus Gage]

Has someone done a nice chart yet if its is even possible to get a full ROI. Otherwise im going to start hoping they just dont deliver and refund in full BTC

Not withstanding what was said to one guy in a closed office, do you really think they are going to take a 200% loss refunding essentially every BTC payment batch 1 customer at $300/BTC (if the price stays the same until December) when most of them paid at $100/BTC?

That is a rhetorical question BTW, as this is a company that accepted orders under one set of Terms and Conditions, and then sent out order confirmations a week later with an updates terms link on the bottom that added a new "guaranteed" date to the end of the year all while claiming the new conditions apply retroactively and that refunds are not possible prior to then.

They'll do what they please.

You have the option of paying through Bitpay or directly to a HashFast's Bitcoin address when you placed an order.

HashFast kept 3,000 Bitcoins in this address and probably more in other addresses, so yes they can indeed afford to refund BTC for BTC without taking a loss.

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

A PM bird suggested that I should bump this forward.

[timmah]

Has someone done a nice chart yet if its is even possible to get a full ROI. Otherwise im going to start hoping they just dont deliver and refund in full BTC

Not withstanding what was said to one guy in a closed office, do you really think they are going to take a 200% loss refunding essentially every BTC payment batch 1 customer at $300/BTC (if the price stays the same until December) when most of them paid at $100/BTC?

That is a rhetorical question BTW, as this is a company that accepted orders under one set of Terms and Conditions, and then sent out order confirmations a week later with an updates terms link on the bottom that added a new "guaranteed" date to the end of the year all while claiming the new conditions apply retroactively and that refunds are not possible prior to then.

They'll do what they please.

You have the option of paying through Bitpay or directly to a HashFast's Bitcoin address when you placed an order.

HashFast kept 3,000 Bitcoins in this address and probably more in other addresses, so yes they can indeed afford to refund BTC for BTC without taking a loss.

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

A PM bird suggested that I should bump this forward.

Huh, close to 2/3 of that could be me and my partner's btc... those coins even match very closely to the date that the btc was sent.

[defcon23]

have you seen that ?
http://www.coindesk.com/asic-manufacturer-hashfast-faces-legal-action/

[Witness]

It's funny how they have two units on a Pallet and claim shipment. Making like they was on full production. Fkn idiots. Can someone find out if Amy was in with btc for kinki prostitution. I really want to know, it's lik reading thier resume.

[Witness]

have you seen that ?
http://www.coindesk.com/asic-manufacturer-hashfast-faces-legal-action/

Is this good or bad  I Can't tell
I'm glad we got the point to Coindesk

[AdamT]

So 'Luke', 'Rodrigo' and 'Tico' are in reality the same person?  

¡FUCKING YES!

Lol

[cedivad]

I can't believe that coindesk had the courage of publishing such a misleading article.

They are moderating the comments, and we can't even reply to the people who accuses us to be wanting to stole from HF.

I can't believe this.

[fenwick]

My comments were approved, but that's too little, too late.

[stompix]

Do I sense a growing battle between Batch 1 customers and Batch 2, 3 and 4?

Batch 1 customers failed to get their hardware on time. Now they are seeking the return of their (substantial) funds. While Batch 2, 3 and 4 are probably worried of the ship sinking before they get theirs. (well not that it matters even if they did)

Someone should start a poll to see how Batch 2, 3 and 4 customers feel about this whole drama. Especially how they feel about Batch 1 customers on their "refund standoff".

We are on day 5 of the new year and there are only 26 days left until the next (Batch 2) deadline. If it goes south for Batch 1, then Batch 2 probably won't hold their complaints to themselves or probably even wait until the deadline.

Quite the Pinch HashFast finds themselves in...

A battle?
Probably because the batch 2,3,4 are beginning to fear they will not see no products and no refunds.
At least the customers in batch 1 might get some money back , but for the rest ... adieu

[matthewh3]

You can comment about the article on Facebook too - https://www.facebook.com/coindesk/posts/535717913202516

[perezoso]

Lordy, I step away from here for a few days, and look what Phinnaeus Gage turns up.  Wow.  Thank you.  I'm still trying to piece it all together, but wow, nice job.

Speaking of sex, of course we know that Johnny Scrotum was a marketer for kink.com.  One thing I was planning to do was to try to take a look into his former company, Kt Productions, registered in Dublin, CA:

http://www.wysk.com/index/california/dublin/mpw8t4j/kt-productions-inc/profile

It seems that this may have been a porn production company.  I wonder what they produced.

Scrotum's role at Hashfast seems to make even more sense if Phinnaeus Gage has in fact discovered that the freakish muscle porn prostitute whatever the hell he is dude is a power behind the scenes.  Perhaps they met on the set?

My own rummaging around on Eduardo-san has been limited.  He's easily tracked back to a crummy apartment north of University of Texas campus, where he got an MBA, but I've found little so far after that.  Appears to be either an immigrant (explaining the lack of older records) or another name changer.  Phinnaeus?

[GlapLaw]

Has anyone put together a list of wallet addresses HF used?

The only one I've seen is:

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

[Phinnaeus Gage]

Lordy, I step away from here for a few days, and look what Phinnaeus Gage turns up.  Wow.  Thank you.  I'm still trying to piece it all together, but wow, nice job.

Speaking of sex, of course we know that Johnny Scrotum was a marketer for kink.com.  One thing I was planning to do was to try to take a look into his former company, Kt Productions, registered in Dublin, CA:

http://www.wysk.com/index/california/dublin/mpw8t4j/kt-productions-inc/profile

It seems that this may have been a porn production company.  I wonder what they produced.

Scrotum's role at Hashfast seems to make even more sense if Phinnaeus Gage has in fact discovered that the freakish muscle porn prostitute whatever the hell he is dude is a power behind the scenes.  Perhaps they met on the set?

My own rummaging around on Eduardo-san has been limited.  He's easily tracked back to a crummy apartment north of University of Texas campus, where he got an MBA, but I've found little so far after that.  Appears to be either an immigrant (explaining the lack of older records) or another name changer.  Phinnaeus?

De Castro and Barber's relationship goes back over a dozen years: http://en.wikipedia.org/wiki/Devicescape_Software

Long Dong Johnson and Scrotum have been connected for who knows how long now, but it's been awhile, both together at the onset of kink.com. Some dude in Nashville put together btckink to help facilitate payment to said site, and perhaps that's where Frick and Frack first learnt about Bitcoin, if not earlier.

I may have to fire up my copy of Mt Gox's email dump to see if I can glean any further connections.

[pmorici]

Has anyone put together a list of wallet addresses HF used?

The only one I've seen is:

https://blockchain.info/address/1KFrqkEGy6Yq7X4SYCbYoj8HEwfbWVUDJ9

I don't think so, it would be helpful to know all their addresses though.  They were using this address for direct transfers early on and accepted 33,000+ in Bitcoin but have since moved it.

https://blockchain.info/address/17hCi8apMUkzzLLJgUwfXxRJuykuo5Lcur

[fubly]

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