Re: [BitFunder] IceDrill.ASIC IPO (500 Thash Mining Operation powered by HashFast)
If they're delayed past Dec 31 I get a refund in BTC. That's fine with me. Good on IceDrill for wisely forgoing MPP in favor of a bet on BTC appreciation vs fiat.
Sorry again, a nice dose of reality again. IceDrill has already paid quite a bit of money on their datacenter I'm sure. HashFast might not even give them back the exact BTC they paid but instead subsidized at USD level meaning you would get back 1 BTC for every 4 or 5 spent. Be sure that if this were to happen it would be LESS "USD" than you put in at the time due to datacenter costs.
Bargraphics, you are no expert on reality. Must I remind you of your torrid affair with the fantasy that was Terrahash?
You sound like a lunatic denying and discounting the importance of in-hand silicon. I never claimed the chips were hashing, that was your strawman.
Too bad Terrahash never had in-hand silicon!
WRT Icedrill, you fail (as usual) to understand exactly what you're investing in, resulting in you throwing yet another public tantrum. How embarrassing!
7. What guarantees have been provided by the hardware supplier in terms of delivery date? We may not know exactly WHAT the date is, but there's a date after which a refund would be preferable to delivery (as the hardware would never pay for itself from mining). At what date is a full refund of all funds paid to them allowed to be requested? Have they provided sufficient financial disclosure that issuer is confident such a refund could and would be honoured in the event they were unable to deliver the hardware by such a deadline? Estimates of delivery are fine for planning purposes - but a hard deadline beyond which they are in default and must refund (and/or pay penalties) is essential when signing a contract.
From the sales contract:
Estimated delivery date: October 25, 2013. Hashfast will have no liability for early or late delivery; provided, however, if
Hashfast does not deliver by December 31, 2013, Buyer may cancel its order for a full refund of amounts paid to Hashfast.
Rather than cancel its order, Buyer may agree with Hashfast to an accommodation.
We have confirmation from Hashfast that they will refund the amount in BTC (i.e. not USD).
Seriously just stop.. you are clearly putting a lot of effort in to trolling or whatever you call it but please for the sake of everyone here uninstall windows and never return to the internet.
Nobody thinks hashfast will deliver.. We should really stop with this whole preordering thing because clearly it fails. Companies have no incentive to get their products out ASAP as they already have their sales before a product even exists.