Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
User705
on 31/10/2013, 20:40:06 UTC
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I had collected a number of questions the days before, mainly around how to deal with MPP. HF is acutely aware of the issues a delay is causing and they were certainly interested in exploring what can be done with MPP to help customers succeed as that is the original intent of the program in the first place. I suggested approaches such as starting the timer on Nov 1st and/or accelerating the release of new MPP modules to compensate for delays. etc. They have to operate under an number of constraints so there is no clear solution they could share with me at this point but I'm confident they will work something out.

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The intent of a business is to make more money then expenses as much as possible.  If you think any business has some sort of different charity intent then I got a bridge to sell you.  It might even hash or some thing like that.  There is no solution to their desire to make more money.  They advertised MPP to collect more sales.  It had zero to do with wanting customers to succeed because any ASIC seller wants to sell their ASIC for the maximum amount possible.  Your visit reminds me of in-person accounts of visits to Enron.  Lots of fluff.

Any company that consistently screws their customers will not be a company very long (unless you are a monopoly or BFL apparently).

While I agree that HF is a company and companies will try to maximize their profits I think reality is more nuanced than that. There needs to be a balance. They need to provide value. They need to build a customer base. They need to build a reputation. But thanks for your constructive feedback.


there is a simpler explanation:

Keeping customers happy DOES maximize profits in the long run.


There are no long term profits in ASIC manufacturing because there is no added value in the devices it's only what they could likely mine in their lifetime and with every device sold and every block solved that amount gets less and less.  Once we reach the point where projected lifetime miner income is close to manufacturing cost of the ASIC the only way to sell more is for exchange rate to rise at which point all ASIC makers might as well buy BTC to try to influence the rate to keep on selling devices.