Haha man that's cruel.

On behalf of Innosilicon Inc, the proud real owner of A1 BTC ASIC and A2 LTC ASIC, I would like to make it clear that we are very shocked to learn that Bitmine shamelessly pointed their finger to us for their business failure due to a series of their own engineering mishaps and reckless business risk taking. Innosilicon has done nothing wrong here and we continue to deliver our quality product even till this date. We have full evidence (email exchanges, legal contract, shipping record, business plans, apology letters etc) that Bitmine management tried to use Innosilicon as scapegoat to mislead their customers for their failure to fulfill their customer orders. We would like to provide full evidence to assist those who filed lawsuit against Bitmine. Our contact info is listed below and let us suit Bitmine liars. The world deserves to know the truth.


1. A1 chip came out on time and working. Chips were fully delivered at normal 28nm foundry yield to Bitmine with Bitmine CEO email acknowledgement and appreciation. Full amount of ASIC were delivered and tested with clear grade marking and there is no excuse for Bitmine not to deliver their mining machines. It is Bitmine who failed to turn working A1 into good miners to customers. In fact, they received our 1st batch of over 50K A1 chips at cost in early January of 2014 yet failed to produce working miners till April, at that time, BTC market was very hot and miners were in huge demand yet they failed to capitalize. Even then, Bitmine A1 Miner system was reported still not stable which is the biggest reason why they missed market windows. In these two critical months they received another over big batch of low price chips ahead of anyone which were enough to fulfill their customer miner orders. The only reason of their failure to produce miners were their system PCB design and DCDC design flaws. This is due to their poor engineering issues, thus wasted a lot of money by making tons of failed circuit boards, not due to our A1 chip issue. They are the one who is responsible for the failure of customer delivery. In the meantime, another Chinese miner manufacturer Dragon Miner came in after them and started to deliver working miners in late Feb and quickly ramped up very high volume with A1 directly purchasing from us with much higher cost month after month. On the other hand, Bitmine sat with the piles of working A1 chips and could not produce working miners. Yet they shamelessly blamed on all their failure on Innosilicon!

2. Innosilicon never violated any agreement therefore Bitmine knew they could not even think of legal battle. The A1 project became joint investment in Oct 2013 when they could not fund the project by following the previous contract funding terms. So they asked Innosilicon to step in to fund half of the mask fee with a contract amendment where it stated that Innosilicon have the full rights to sell the chips in the open market and Bitmine does not have the exclusive rights of the ASIC. If you read the amendment, you will see that why they absolutely don't deserve the exclusive rights for A1 chip. They were not forced to enter the agreement amendment, they should thank us for the investment to save the whole project.


3. The reason why Bitmine had to apologize to Innosilicon with offical letter is that they themselves later violated the contract amendment by falsely declaring to the whole community that Bitmine own the exclusive rights of A1 and threaten lawsuit against anyone who buy A1 Chip from Innosilicon directly. Obviously this was totally false and the breach of our amendment and they had to apologize or facing lawsuit.


4. We have every evidence to show that Innosilicon developed and own 100% of the A1 ASIC intellectual property and our company is a world renown IP company with excellent ASIC design skills. Innosilicon not only independently developed 28nm A1 BTC ASIC, it also quickly developed A2 LTC ASIC. Both quickly became No. 1 in the market. Our business is all over the world and enjoy stellar reputation with zero complaint from anyone. Protecting IP rights is of paramount importance to our company and we never had any design IP from Bitmine. Bitmine was previously only 2 person company who had zero chip design experience. Can you believe that Bitmine could develop most advanced ASIC with their background? We stated in the contract that any design contribution from each company belongs to each company. Bitmine has zero actual ASIC design contribution in the chip. All they did was to provide us their system input and output files for us to simulate our design.


5. If you ask us, we have a lot to say why Bitmine failed  to keep their promise to us and to their customers. 1st, Bitmine used the pre-order money from customers to build/purchase their own mining farms (tried one in Swissland and one in Iceland) and conducted risky bitcoin trading, in both cases, they lost big money. A1 would have been a lot more successful if they did their job right. I'd to say that the real problem for Bitmine is their weak management on risk and poor technical execution in a market  that is full of competitors and time to market is of great importance. They had 2 months to prepare their miner design before our ASIC came out yet they did a terrible job in that after 4 months, their miner still don't work right and customers were all angry and  they used us as excuses.  I have many facts documented that how they failed so many times before producing a working miners. They made several big mistakes in rushing their production and wasted a lot of materials and chips and made us very very upset. We delivered chips marked with grades according to contract and they knew it. To this date, they still did not pay for some agreed chip shipment fees and we had to cover their unpaid shipment fees.


We are saddened by Bitmine's bankruptcy and failure to fulfill their customer promise. We are shocked that Bitmine management used baseless accusation as excuses to default their refund on their customers and cover up their business risk takig and engineering mistakes. We have every evidence to show that Innosilicon has faithfully followed our contract and contract amendment and it is Bitmine that grossly mishandled their miner design and business in a very unprofessional manner. It is very obvious that A1 chip has been a huge success, on time and with quality , yet A1 miners from Bitmine did not ship on time and with quality to their customers 12 months after. Isn't it clear that who did their job right, who did it wrong?


We reserve every rights to file lawsuit against Bitmine management on spreading baseless rumors to damage Innosilicon reputation. Should anyone need more information and legal help, our legal department is happy to assist.

Best regards,
Joey Jiang
Innosilicon Marketing Director
sales@innosilicon.com

My number is 170 and 311.








Legal wise we have a signed contract with Yes miner and Volker Stuider made by Yesminers and our layers. This is only a test order from us and if they perform as promised they will be our generation 4 miners in our farm.
Still if this is a hoax, its pretty damn good one :-)

Hello Cryptonauts!

Wow, there has been a lot of news recently in the ASIC Scrypt mining world!

Good news is we have our own miners now!  

We have created the "Lunar" series of ASIC Scrypt miners.

These will be simple scalable and modular in design, super easy to use and of course we are working on a very special edition of our CONTROLA firmware that will have some extra features… More on this to come.


UPDATE 17th JUNE 2014:

LUNAR LAUNCHER = 14MH+
LUNAR LAUNCHER WARP 2 = 28MH+
LUNAR LAUNCHER WARP 3 = 42MH+
LUNAR LAUNCHER WARP 5 = 70MH+

Remember we supply you with the goodies to get going including some very special firmware.


Here you can see us testing the case design and early hash rate:
http://youtu.be/znc55b5k_x0

hashra.com
github.com/hashra

I am looking to generate a list of potential buyers who have purchased one of HASHRA's new Moonraker or ASTRO miners. I will be building a case to hopefully begin sometime of litigation process against Simon Bright and his HASHRA organization for defrauding buyers.

I have already filed reports with the following authorities:

United States:

https://complaint.ic3.gov/default.aspx

IC3 Complaint: I1410121225127641

United Kingdom

www.actionfraud.police.uk:

National Crime Reference Number: NFRC141000793999

Submitted by user suresync:         NFRC141000796740

Submitted by user onefix:             NFRC141000801205

Submitted by user dafky2000:       NFRC141000802650

Submitted by user Develop:          NFRC141000801250

Submitted by user kalps:              NFRC141000803431

Hong Kong

http://www.police.gov.hk/ppp_en/02_er_room/

Direct Link
https://secure1.info.gov.hk/police/eforms/report_cyber_crime_en.php

Hong Kong Consumer Council Complaint:

https://www.consumer.org.hk/cc-complaint/index.php?lang=en


I would suggest referencing the above reference numbers as well as including yours in the posting. If we can create a large enough network of these filings it may help trigger some type of action.

Please see this forum thread for reference information regarding Simon Bright's most current contact information:

https://bt.irlbtc.com/view/601217.580

Please reference it when you submit your report.

Here is the bank information that you can reference in the report:

Beneficiary Bank: HSBC Hong Kong
Beneficiary Bank Address: 1 Queens Road Central, Hong Kong
Country: Hong Kong
Name of Account Holder: HASHRA Limited
Account Number (IBAN): 652303793838
Bank Code: 004
Swift Code (BIC): HSBCHKHHHKH

Here is HASHRA's registered Addresses, business ID numbers, and contact information:

HASHRA Limited

London:
1st Floor, 6-8 Bonhill Street
London, EC2A 4BX.
United Kingdom
UK Company Registration Number: 08828755

Hong Kong:
Level 9, Central Building
1-3 Pedder Street, Central
Hong Kong
Hong Kong Company Registration Number: 2041737

Here is Simon A. Bright's Most Recent Contact information:

Simon Bright
39A Prairie Street
London, London SW8 3PL
United Kingdom
+44 7941159485

Email:
info@hashra.com

If you are located in another country other than the ones listed above please file a report with your local authorities and paste a link to the website you used and the ID number of the report so others may reference it.

I understand that he has two more days to 'technically' refund our money but considering the lack of communication for almost a month and no other indications that development of the described products is even occurring it would be safe to presume that willingly sending out refunds is just wishful thinking.

I would like to see Bitcoin succeed and it will have a hard time gaining ground if individuals/companies do not stand by their word. Thank you for your support

EDIT 10/17/2014 I have added a spreadsheet to help track all of the information please update it if you have new information to add.

https://docs.google.com/spreadsheets/d/1_A1m8AhKuQcitLWbAy0SxP7G0j6OUFKSchHyW1tiuUE/edit?usp=sharing

Anybody already read about the BlackArrow Compensation for X1/X3 customers ? : Prospero X36

http://www.blackarrowsoftware.com/store/index.php?dispatch=news.list
23-12-2015: http://www.blackarrowsoftware.com/store/compensation-available.html

--------------------------------

Black Arrow is happy to announce that has finished the design and testing for our latest miner: Prospero X36

Features:

    many times cheaper to manufacture than X3
    based on the 28nm Minion ASIC
    30-40% less power (around 0.6-0.7W/Ghash at the wall)
    3x smaller than X3
    3x lighter than X3
    10-20% faster than X3
    boots in less than 1 second
    more stable
    external PSU

Drawbacks:

    Louder than X3
    No LCD
    No GUI
    Designed with cost in mind therefore it is not very beautiful

Compensation for X1/X3 customers:

With the availability of this new miner we can start providing the promised compensation to most of our X3/X1 customers.

Unfortunately our current financial situation prevents us from building new miners free of charge therefore we cannot offer these miners for free. For this reason we are offering to almost all our X1/X3 customers more hashing power than we have promised initially but they must pay the manufacturing costs for the miners and we will offer the ASICs for free.

Our offer is to build X36 (2.2Thash) for each 1 Thash we have promised in compensation if the customer is paying the manufacturing cost of the miner.

Manufacturing cost to build a miner with 36 chips is 2500 RMB (US$390). They also require 2 x PSUs which cost 200RMB each (2 x US$31). As specified above this cost does not include ASICs cost which is paid by us for almost all customers to which we have promised compensation. Prospero X36 reaches 2.2 to 2.4 Thash at 0.6-0.7W/Ghash at the wall.

We will not be shipping this miner out of China. For foreign customers, in order to use this miner we will be hosting it in our data centre. The customer will have no configuration rights and we will mine towards the pool that we choose. At the moment it costs 19.21 RMB/day of hosting for 2.2 Thash. We will send to the customer periodically (around once or twice per month) the revenue in Bitcoins that remains after we pay the hosting fee. This fee includes maintenance of any failed miners so the customers does not need to worry about repairs. After the first 3 months (which are the warranty period we offer for these miners), we will charge a maintenance fee which is calculated by dividing the repair cost of failed miners between miner owners and their share.

Customers who wish to proceed with this compensation are invited to place the order on our website. In order to benefit of the free ASICs offer, please use the same email address that you have used to place your order for X3/X1 and write in the notes their order number for X3/X1 and the compensation expected.

This is not a preorder, the miners are in stock and will beging hashing within 2 working days.

Please note that at the moment these miners cannot be shipped out of China for these reasons:

    High domestic power fees makes it unprofitable to host the miner at home.
    The 5000 RPM fan generates loud noise which makes it unbearable to host it at home.
    We cannot provide warranty due to high shipping costs and customs fees.
    They require a CE/FC certification.

However, if you still want to have the miner at home or your own datacentre, please let us know. If there are enough customers to make CE/FC certification worthwhile, we will get it and ship the miners.

Legal notes:

    The compensation is being provided by Black Arrow voluntarily as a dedication to our loyal customers.  We are not obliged by our current or previous contract to provide it and we can withdraw this offer at any time, as we see fit, without a reason or any explanation.
    All orders are final, no refunds will be issued after we have sent the first mined coins to the customer.
    The hosting is provided by a 3rd party and they (not us) will be responsible of safekeeping of your miner.
    Power outages can happen from time to time and no compensation can be provided for it.
    This offer is not available to few customers that will be announced in private should they place the order with us.
    Our standard terms and conditions apply.

--------------------------------

Total costs for me (X3): US$ 894
Hosting: US$ 3,-day

https://alloscomp.com/bitcoin/calculator :
difficulty: 93448670796
-> BTC 0.01237776 BTCday = US$ 5,14
after next difficultychange: BTC 0.00973987 = US$ 4,05

US$ 8,10 (2 units) – US$ 6 (hosting) = US$ 2,10 profitday
US$ 894 (2 units) US$ 2,10 (profit/day) = break-even: 426 days = 61 weeks = 14,2 months
(if the next difficultychange and BTC-value remains)

_{calculation edited:
a unit costs more: 2 psu's needed for each unit
1 unit + 2 psu's = US$ 452
however: http://www.blackarrowsoftware.com/store/x36.html : US$ 447}

just quoting from that thread:

Sooooo, 'someone' got a matter that deserves wide interest and general discussion promptly moved to "Scam Accusations" side topic.
https://bt.irlbtc.com/view/1105722.0 even though 5 legendary high-trust members felt fit to comment upon it. It is time to begin a meta discussion about how we deal with known bad actors from inside bitcointalk. Especially now we have clear knowledge of paid disinformation agents covertly running pay-per-topic-pumping schemes on these forum boards.

We cannot tolerate knowingly harboring nascent scammers and paid shills in our midst. Would the moderator who moved the above topic like to explain who contacted him/her and if he was paid to move the topic by cypherdoc to do so?

Here was the original legal document if anyone can't be bothered linking to the revelation. Judge for yourself if this scandal is worthy of general discussion?


Edit: okay, I got a reply from the mod who moved the original post and it seems like he legitimately thought it was a scam accusation, although I didn't intend it like that. I think it is because the court documents show defense claims of $2,274 per bitcointalk.org post seem so outrageous on the face of it that the original post may indeed look like a scam accusation, which it isn't per se.

All HashFast customers appear to have had their email addresses leaked today by the company itself.

Please ensure:
1. Images are turned off in your email client to prevent ip phishing attempts.
2. Reverse email lookups do not reveal your delivery address.
3. You do not open emails that appear to be phishing attempts.

Disclaimer: I am not a paid employee of HashFast but was instead selected to answer questions for them here on bitcointalk -- so please don't emit venom in my direction.