Post
Topic
Board Hardware
Re: HashFast launches sales of the Baby Jet
by
ninjarobot
on 11/08/2013, 00:43:12 UTC
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.