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Topic: 1GH/s, 20w, $500 — Butterflylabs, is it a scam? - page 22. (Read 123107 times)

legendary
Activity: 1449
Merit: 1001
@ the current difficulty - each box will produce about 1btc a day.
@ the current price ( lets say 3$) - it will take ... 7 months to pay for it?

assuming the power usage is what they claim the cost of elec
wont put it in the calculation.

or am I wrong?




hero member
Activity: 518
Merit: 500
@Inaba
Can you try and make some pictures in macro mode that makes the print on the asics readable? Im curious to find out what they are, even though its probably mundane like IO and USB. Id just like to confirm there are no custom asics on there other than what is perhaps under those heatsinks (still standing by my structured asic guess).

@everyone wanting to buy truckloads of thees things
Fair warning; a few months ago almost no one believed this level of performance/w was possible. Do keep in mind its entirely possible in 6 or 12 months something else will be released that blows the socks of this bitforce box. If nothing else, an asic implementation could easily achieve another order of magnitude performance/w jump. You better be breaking even on your purchase by the time that happens. I can see why people would want to take the risk of buying one or a few of these (they do look sexy) , but think twice before you spend your retirement fund on a farm of these boxes.

hero member
Activity: 756
Merit: 500
I would definitely be interested for the smaller boxes in GLBSE, problem with the 26k thingy is if one is spoilt it will wipe out the entire company.
sr. member
Activity: 406
Merit: 250
So should this pan out, who is setting up the GLBSE company for the rig box?  Smiley
Well, it is in pre-order, so it must be a scam, obviously.  Seriously, I don't know is GLBSE can raise that kind of cash.  How long is the pre-order period?  It would be possible to  succeed, risk is incredible, since you really can't predict the long term price of bitcoin. A good project to do with other peoples money!

If nothing else, setting up a small farm of the smaller boxes through GLBSE isn't out of the question.
sr. member
Activity: 349
Merit: 250
So should this pan out, who is setting up the GLBSE company for the rig box?  Smiley
Well, it is in pre-order, so it must be a scam, obviously.  Seriously, I don't know if GLBSE can raise that kind of cash.  How long is the pre-order period?  It would be possible to  succeed, risk is incredible, since you really can't predict the long term price of bitcoin. A good project to do with other peoples money!
full member
Activity: 192
Merit: 100
So should this pan out, who is setting up the GLBSE company for the rig box?  Smiley
hero member
Activity: 756
Merit: 500

Extremely tempting but 26k is not something I can fork out, maybe when my GPUs start dying I will replace them slowly with the smaller version.  But if I really have that spare cash, it seems a good deal for Black Friday Smiley
full member
Activity: 154
Merit: 102
Bitcoin!
I'm loving this thread, this will put and end to bitcoin. I mean scams after scams, bitcoin does show all how good we truly are as human species.


TBH the main uses of BTC for now are  Silk Road and scamming. For all I care, we could rename this forum "Scammers R us" with the amount of scammers on here. Too bad there is no live video feed or something. I am thinking they gave Inaba $5k or $10k to turn to the dark side and we get fed a ton of BS and people rush in to buy etc. this fantastic new magical unicorn technology. Maybe I am just paranoid Smiley but these scams on here are not normal scammer level; they are UBER level and they are doing it very in depth and planning etc. mybitcoin, bitcoin7 etc.
You know there *are* people who wouldn't even think of scamming, even if offered 10k.
hero member
Activity: 756
Merit: 500

Looks great but at $26k kinda high! Smiley .  Would love to get one though.
hero member
Activity: 504
Merit: 500
What's with the etched out portion under the silk-screening?

  Looks like a copyright was etched out. Probably would lead one to be able to inspect where the money for the project came from. *shrug*

  Edit; hard to say though, some of their other boards display 'Sep 2011' there. Posible they would have read Nov 2011 or something and maybe they did not want people to jump to conclusions about the later date. *shrug*  What do you make of it?
sr. member
Activity: 448
Merit: 250
What's with the etched out portion under the silk-screening?
sr. member
Activity: 349
Merit: 250
hero member
Activity: 756
Merit: 500
I guess if they are really that good, I will slowly replace my GPUs with them, but too expensive to replace them full scale, unless you are a professional bitcoin mining outfit.  1 unit is $500, 10 units will be $5000! 
full member
Activity: 180
Merit: 100
Those things look sexy.

It also looks like the pre-orders sold out, and the price jumped to $699 instead of $599.
hero member
Activity: 756
Merit: 500
I prefer their larger ones but is still TBA status, the small ones look messy if you have too many of these together.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
Those things look sexy.
hero member
Activity: 602
Merit: 502
Thanks a lot Inaba. I'm eager to read your review.
legendary
Activity: 1260
Merit: 1000
Okay, so the program at least looks legit, as does the hardware.
Why does it say 0 processors connected, when the one is connected?
Why didn't they let you turn it on?


Not doubting you, but it still doesn't prove that it is real legit.

Edited

I don't know why it says 0.  It wasn't a live test, so I wasn't too concerned, I was more interested in putting into a test loop to see what the power consumption was (which was 17.6W) - I took pictures of the Kill-A-Watt, but my flash blanked out the LCD screen of the Kill-A-Watt - I will get some non-flash pictures of it tomorrow or Sunday.

As for it being kinda rough, I think they are fairly awesome actually... they are tiny.  If they live up to their hash rate claims, they a stack of 10 of those would be pretty awesome looking.
hero member
Activity: 756
Merit: 500
Kinda rough, but I guess it is not the appearance that counts but the hash rates.
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