Post
Topic
Board Hardware
Re: HashFast announces specs for new ASIC: 400GH/s
by
Jutarul
on 11/11/2014, 02:18:08 UTC
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armyof1ne is correct, there was at least a 20% to 33% chance of us getting something rather than nothing if HF had been allowed to recapitalize and reorganize.  Their existing design was a generation ahead of everyone else except Cointerra, and their next gen 16nm 3d FinFET chip would have destroyed the competition.

Try to put a price tag on removing a bad actor from the mining industry and discouraging other players to follow step. There was never an indication that HashFast would turn around and stop abusing the market. In fact the opposite is true. Old HF customers may get less or close to nothing for their contracts and orders, but overall this should be considered a healthy outcome because it prevents the company from destroying wealth of future miners.

You can start a poll and ask people if they'd rather get 5 cents on a dollar or see their abuser brought to justice.

What lawyers, especially those on contingency, seem to not understand is that legal action is not a business tool. It is a vehicle for stopping abuse. However, in an environment in which the rule of law is increasingly abandoned this confusion is understandable.