Quote from: bitndx on July 19, 2014, 01:38:22 PM

Quote from: Ilan1 on July 19, 2014, 01:26:10 PM

Quote from: bitndx on July 19, 2014, 01:14:17 PM

Quote from: perezoso on July 19, 2014, 03:47:30 AM

Hushen: "I hired an accountant, I've had four turn over in the last two months." (@~2:52:30)

If the average tenure of employment of a new accountant at Hashfast is two weeks, it sounds to me like these guys take a look at the books and say "Get me out of here!"

But, man that's a long exchange between Igor and Monica. Both of them make me want to cringe. Igor for being such a pedant (although I'm on his side!), and Monica for being a condescending jerk.

And who was it, one of the women, who said (earlier), "He's from Europe, he has a different east." It didn't sound like a joke.

Please tell me it was their lawyer, and not ours, who thinks that the cardinal directions vary from continent to continent! Grin

This Guido Ochoa.... $500k... a Venezuelan Socialist politician? One wonders if his plan isn't to evade his own government's currency controls. Do we know if he paid USD cash?

At the very end... if it's "under $20 for the [new] substrate and assembly", and the new substrate is "less than half" the cost of the current one (quoting Simon), do I understand correctly, then, that the original assembled boards (without the chips) probably cost Hashfast something like $45-50 each? They had chips on hand. So chip + $50 = working board? And they had component supplies on hand? Why the hell couldn't they ship more systems? If this was the case, they could have furloughed everybody for a week, taken the salary saved, and had the money to build and ship quite a few machines. What am I missing?

Agree. Igor was hard to listen too, but he stirred them up which was entertaining!

I don't understand it either although I think the materials for the boards cost a little more than what you stated based on what I have seen. Regardless the cost seems low enough that they should have been producing product after product by this point. I wondered if their were no more to make because everyone wanted a refund in BTC due to that MPP debacle.

There were no more to make because they tossed off everyone's money, the expenses they ran up the salaries they were paying out all prioritised before what they should have focused on first and foremost their customers!

It will all come out in the wash, they won't get away with it!! It may take time but barber will probably stay abroad rather than face the music IMO!!

incredible. Given the scale at which they were operating, a 1000 boards would not cost that much...what is that like ~300 machines... I hope you are right and it all comes out in the wash

Well take Bitmain for example they are shipping 3 batches of S3's at the moment all on time and as promised probably with less revenue, that is because they care more about spending money on the right things to get the job done and to put their customers first, it really doesn't need to be made so complicated they were clearly a) Incompetent and B) Having a field day in Silicon Valley spending money like they were Google! Didn't give a shit about their customers or reputation because we already made them rich within the first 3 months of trading! They spent money like no tomorrow moving it around from one company to the other, why not just keep it all under one company, IP and sales if they were expecting to be in this game for years to come etc, it stinks to me all of it, but they will get caught out IMO