Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: up to 800GH/s
by
Airwhale
on 14/03/2014, 06:51:41 UTC
Hashfast_CL,

Thank you for putting this product to the forums attention.  However,  I'd need to have the following answers,  before I'd even consider your product.

1) You seem to acknowledge that other members of your team did promise that if refunds had to be payed,  it would be payed in the currency,  and amount of payment.  This allowed customers to hedge their risk against Bitcoin massively rising and Hashfast being late.

Now that both of these things have happened,  Hashfast seems to be trying to go back on this promise,  and, to add insult to injury,  seems to be accusing customers of expecting something unresonable when they try to hold hashfast to their word.  After this,  how can I expect to believe anything you say?

One would expect that Hashfast,  making these promises,  would hedge in some way,  either through special situations insurance or more traditional hedging, as is common in companies who make such promises with commodities or who do business in multiple currencies.  Did this not happen?  How could you make these promises if you did not insure your ability to keep them?  Again,  how can I trust any promises you make now?

2) Hashfast seems to be behind in shipping.  Will MPP shipments be delivered before or after these batches?  Will hashfast be able to deliver previous orders and these new orders on time?

3)Why do you believe that your product will produce a higher rate of return than Antminers? From my math,  it seems like the Antminers are much more profitable,  unless you are really, really concerned about power usage.  An Antminer bought today will have returned about 75% of what you pay for it before your product even ships.

4) Are terms of sale binding at the time of sale?  Or can you guys retroactively change them?