HashFast announces specs for new ASIC: 400GH/s

[Phinnaeus Gage]

Another "time is everything" quote: http://www.chipestimate.tv/aboutus.php

"Time to market is critical in the fast emerging bitcoin mining market," remarks Josh Lee, founder and CEO of Uniquify, who notes that the design highlights the quality of Uniquify’s work. "First silicon worked as expected, proving Uniquify and HashFast can deliver leading-edge silicon in a short timeframe, and a testament to Uniquify’s expertise and ability to quickly turn a design without sacrificing quality."

I'm still curious if Josh (Jung) Lee is related to Charles Lee.

FYI: http://www.chipestimate.com/dac2008/presentations/cebatech.pdf

Chad Spackman Title or job function CTO, Founder

[Phinnaeus Gage]

Can somebody make a new thread?  This sounds juicy but I can't follow what is going on.  I'm also incredibly tired right now so I apologize if it should be staring me right in the face.  So an employee named Erin is trying to keep her last name a secret?  For what purpose?

If you worked for HashFast, would you want to keep your identity private?

[Paladin69]

Can somebody make a new thread?  This sounds juicy but I can't follow what is going on.  I'm also incredibly tired right now so I apologize if it should be staring me right in the face.  So an employee named Erin is trying to keep her last name a secret?  For what purpose?

If you worked for HashFast, would you want to keep your identity private?

Is it confirmed this whole thing was a scam?  I thought product shipped to luke jr or something?  I remember pics of shit in and out of the box ready to go...

[Easy2Mine]

Who is Charles Lee?

[greenbtc]

Another "time is everything" quote: http://www.chipestimate.tv/aboutus.php

"Time to market is critical in the fast emerging bitcoin mining market," remarks Josh Lee, founder and CEO of Uniquify, who notes that the design highlights the quality of Uniquify’s work. "First silicon worked as expected, proving Uniquify and HashFast can deliver leading-edge silicon in a short timeframe, and a testament to Uniquify’s expertise and ability to quickly turn a design without sacrificing quality."

I'm still curious if Josh (Jung) Lee is related to Charles Lee.

FYI: http://www.chipestimate.com/dac2008/presentations/cebatech.pdf

Chad Spackman Title or job function CTO, Founder

It'd be both Bobby and Charles' brother, then, no? I read an article on them not too long ago, too bad we can't find out the rest of the family.

[greenbtc]

Who is Charles Lee?

Created Litecoin, Bobby Lee is founder of BTC China. They're brothers. If Jung/Josh is in on this, it'd be one hell of a conspiracy.

[Easy2Mine]

Thanks

[CoinHoarder]

Lee is a pretty generic last name.. it doesn't necessarily mean they are related.

[jspielberg]

So. Has anybody re-done the calculations with the new shipping date?
What is the estimated total BTC what can be mined by one BJ unit, without the MPP?

End what would the MPP add, if it's shipped 1,2,3,4 months after shipping the BJs?

I am curious to see what kind of loss would it mean to just accept the shipment.

(These calculations could be crucial for those who still have not decided whether or not to cancel their orders, and demand a full refund.)

So... I have updated my spreadsheet with the latest difficulty data.

https://docs.google.com/spreadsheet/ccc?key=0Auya3iRE6az1dGtKTGZDXzVDeFVjbHl3VmNsT216dHc&usp=sharing

The model says that if they provide the MPP and initial order on 1/28, at documented 425GH/s they will combined generate ~22BTC in their lifetime (60% loss from 60BTC purchase price).
To get close to break even (i.e. within 20% of purchase BTC price), they would need to provide MPP on 1/28 and 10x rather than 4x, which would return ~49BTC for an 18% loss.
If they slip a week and ship Feb. 3rd, it goes to 12x to get close... ~51BTC.  It quickly gets much worse as they miss more deadlines.

You can play with the model yourself by creating your own copy of the spreadsheet and updating the delivery dates and the MPP multiplier.

[greenbtc]

Lee is a pretty generic last name.. it doesn't necessarily mean they are related.

I'm aware--only the #1 populous country on Earth and all, but it would be interesting to know.

[Minor Miner]

Phin STOP.   You are starting to make me paranoid.   Thank god I am not in Colorado or else you would have pushed me over the edge.
Grab the steel bar and wiggle it a bit, your frontal lobe needs a kickstart.
HashFast, post something.   Doesn't even need to be that positive.    Even a video of a board smoking would make me feel better.

[GalaxyASIC]

Who signed receipt of your refund requests?
My FedEx was Signed for by: C.CONTRERAS

Delivered to: Receptionist/Front Desk

Recipient:
Eduardo deCastro
HashFast Technologies LLC
100 Bush Street, Suite 650
SAN FRANCISCO, CA 94104 US

Delivery date: Jan 8, 2014 13:13

[mdbssm]

Who signed receipt of your refund requests?
My FedEx was Signed for by: C.CONTRERAS

'MANNAN' @ reception.

[Phinnaeus Gage]

Phin STOP.   You are starting to make me paranoid.   Thank god I am not in Colorado or else you would have pushed me over the edge.
Grab the steel bar and wiggle it a bit, your frontal lobe needs a kickstart.
HashFast, post something.   Doesn't even need to be that positive.    Even a video of a board smoking would make me feel better.

Whatever you say, bud, but...

https://secure.ibsystems.com/EDA/nbc/articles/1/1107258/Visit-Uniquify-Unique-Impressive

Bob Smith was MAGMA’s first vice president of marketing, and he has enjoyed a long and distinguished career in Silicon Valley. He is also co-proprietor of Jazz Cellars, a San Francisco winery producing handcrafted, small-lot single varietal, single vineyard wines.

Josh sure does look like Charles and Bobby Lee: https://www.youtube.com/watch?v=3MhmxsV6jeo

<humor post>

[PuertoLibre]

@ PG

Lets play six degrees of seperation.

Find me a connection between BFL and HashFast (however indirect).

[Minor Miner]

You are starting to make me paranoid

Whatever you say, bud, but...

I see what you did there.  bud.
what was the wine company that was trying to raise money at the vegas meet?   wasn't it associated with all the guys that seemed to be there pumping up some coin?

[Phinnaeus Gage]

You are starting to make me paranoid

Whatever you say, bud, but...

I see what you did there.  bud.
what was the wine company that was trying to raise money at the vegas meet?   wasn't it associated with all the guys that seemed to be there pumping up some coin?

I have his business card and brochure.

[Phinnaeus Gage]

@ PG

Lets play six degrees of seperation.

Find me a connection between BFL and HashFast (however indirect).

I can do it in two: Josh Lee = Josh Zerlan.  

Remember, I'm the guy who linked Jacob Goldstein to Tom Williams and Freddie Mercury to Pavlov's Dog. https://asktom.cf/index.php?topic=52367.msg723823#msg723823

[jjiimm_64]

Can somebody make a new thread?  This sounds juicy but I can't follow what is going on.  I'm also incredibly tired right now so I apologize if it should be staring me right in the face.  So an employee named Erin is trying to keep her last name a secret?  For what purpose?

If you worked for HashFast, would you want to keep your identity private?

Is it confirmed this whole thing was a scam?  I thought product shipped to luke jr or something?  I remember pics of shit in and out of the box ready to go...

I do not think it is a straight up scam.. just fraudulent marketing and business practices getting us to order something that was impossible to deliver by oct30.. then switching to a USD refund when clearly they told us it would be a btc refund...

what a fukin train wreck

[gmaxwell]

So it appears the certified letter I sent to

HashFast Technologies LLC (“HashFast”)
100 Bush Street, Suite 650
San Francisco, California 94104, United States

Has failed:

Your item was undeliverable as addressed at 11:49 am on January 8, 2014 in SAN FRANCISCO, CA 94104. It is being returned if appropriate information is available.

The San Jose one is still in route, but I had lower expectations of that one being successful.

Time for a process server I guess.