Re: HashFast announces specs for new ASIC: 400GH/s

Why would you ask for a refund, they are very close now i think

Seriously?

They charged 50btc for an OCTOBER delivery knowing full well that they wouldn't ship until December.

December units are worth roughly 12btc and they knew that in August when they were happy to take our money. A refund is the only chance we have of at least breaking even.

These people deserve jail time.

lol! a bitcoin refund is just completly out of space. even if you successful sue them, which is very unlikely imho, there just wont be enough $funds to buy back BTC at this horrendous price at the moment.

those funds have been invested in hardware, thats it. learn to deal with it! denying reality wont help you one bit.

Did people really not understand this from the start? How could hashfast afford to pay back everyone after they spend all the money on nre and manufacturing costs? Also how can hashfast be expected to come through on their MPP when hashrate is climbing so rapidly? I think the only way that these 2 programs can work is if hashfast has a money tree/unlimited funds.

imo it was all just a brilliant marketing scheme which worked great apparently.

They sold 4+ batches of orders. If they file for bankrupcy to avoid the lawsuits then they'll forfeit everything they own and will be auctioned off including their IP (mask). I'd be fine having the mask as penance for their blatant and obvious lies.

I didn't order an asic from HF but if I had I would much rather just get an asic even if it is late. I did make the mistake of pre-ordering a bfl product but I was able to sell the asic when I got it for a profit. It is a huge mistake to preorder hardware from a company that has never delivered a product expecting it to be shipped on time.