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

Your amount of refund will be the same as the USD amount shown below and in your order confirmation. Our products were purchased based on the purchase price stated in USD. We accepted payment in Bitcoin and other currencies as a convenience to our customers. For the great majority of our Batch 1 customers, we never received Bitcoin, but instead received USD from our payment processor, BitPay, and used the money to pay our suppliers and costs. Most early customers received a preferable exchange rate that reduced our revenue by 8%-10%. We also have customers that have paid in Bitcoin when the exchange rate was far higher than it is today, so our approach to providing refunds in USD is not a policy designed only to benefit us.

Didn't they provide a bitcoin address for some customers to send direct bitcoin payments not using BitPay? cedivad (or others who will sue their asses) don't forget to tell that to a judge. I don't know how many paid using BitPay, but i'm sure that not all batch 1 customers did it.

I paid with a direct BTC address, not bitpay.

And, don't forget that one can set up their BitPay transactions to go to another wallet oppose to having the funds converted to fiat then deposited into their bank account.

Why an entity may opt to pay the small BitPay fee to do such is because of the ease of the interface. Also, it makes the buyer feel more comfortable, i.e. in HashFast's case, if such is the case, of which I have reason to believe happened. In fact, one can turn on and off the option on a wimb depending on where they desire the funds to go, including changing the final bitcoin wallet address (not the receiving address set by BitPay of which is only good for 15 minutes).