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Topic: 1GH/s, 20w, $500 — Butterflylabs, is it a scam? - page 46. (Read 123109 times)

legendary
Activity: 980
Merit: 1008
Extending on btc_novice and uck's comments. We have a connection between their claimed address and the "coffee cup" photo on their November blog entry:
http://butterflylabs.com/wp-content/uploads/2011/11/BF-Single-3.jpg
http://butterflylabs.com/november-production-update/

Their address, as claimed by their website, is:

25E 12th Street
Kansas City, Missouri 64106


This is the overview, of the building in Google Maps.

Here we are on the corner of E 12th St and Walnut St, looking at the building they are supposedly in.

Now look down Walnut St, at the building on the left of Walnut St (their building is on the right). Look at the windows, they look at lot like the windows in the "coffee cup" picture. Also, look at the reflection in the windows on the "coffee cup" picture, they look a lot like the windows on the building on the right side of Walnut St in the Google Street View picture above (their supposed address).
A better view of the windows in question is here.
It looks like the coffee cup picture was indeed taken from the building on 25E 12th St through a window across Walnut St.

Of course, this only - seemingly - proves they have been inside the building that corresponds to the address on their site. Not that they've made the product they claimed to have made. Still interesting though.
hero member
Activity: 518
Merit: 500
Hey goat, I want in too!
Either you bet me on bets of bitcoin where you have a 7/5.25 odds advantage, or, if for some reason you dont want that, Ill take those 10-1 2-1 staggered odds with Inaba too. Just tell me how much you want to bet.
legendary
Activity: 1260
Merit: 1000
Sorry, I meant 14, not 12
hero member
Activity: 518
Merit: 500


I think we will be in for a shock Cheesy
hero member
Activity: 504
Merit: 500
Well, I sent 12 coins so I hope that there is a total of 14. And yes, the total of 14 should go to the winner.

  Balance can be confirmed here; http://blockexplorer.com/address/1CzKrTnncqVuviR9iyBBL5KBJkHUtv4Sjp
uck
member
Activity: 94
Merit: 10
legendary
Activity: 1260
Merit: 1000
I received the coins.  There is a total of 14 coins in the bet.  

To confirm: The entire bet of 14 coins goes to the winner, correct?
hero member
Activity: 518
Merit: 500
You guys are getting too worked up over this betting stuff Roll Eyes

We just want to see BFL deliver the said product.
hero member
Activity: 504
Merit: 500
Can you define what you mean by "defaulted" in this context?  My understanding that the bet is won for negative proof if the device fails to live up to the hashrate OR power consumption within 25% of margin OR 2 months and 8 days elapse without a workable unit.  The bet is won for positive proof if and only if the device performs within 25% of it's advertised hashrate AND power consumption, on the low side.  If it out performs there is no upper bound and the bet is considered won for positive proof.

Negative proof win is for Goat
Positive proof win is for Sadpandatech

Is this correct?

   Yes, this is correct.  I had intended for 'default' to mean if we still had nothing to test at stated end time. But, that would not be fair to the other better. So, in hindsight I agree to the terms as amended by you.


  Thank you, Inaba!


       Derek
legendary
Activity: 1260
Merit: 1000
I can confirm there is a 2 BTC bet for:

2 months +8 days left now until bet default end. 25% spread on wattage, 25% spread on hash rate from the stated baseline of 1050MHs and 50w. Bet is met/lost either when BFL provide '*acceptable' proof or disproof of claim, or defaulted at the end of 2 months and 8 days if no unit is provided to verify claim. A total of 6 BTC to be held in escrow and sent in total to the winner or returned to betters if bet default.

Assuming Goat takes you up on it, he should send 4 BTC to 1CzKrTnncqVuviR9iyBBL5KBJkHUtv4Sjp .

Can you define what you mean by "defaulted" in this context?  My understanding that the bet is won for negative proof if the device fails to live up to the hashrate OR power consumption within 25% of margin OR 2 months and 8 days elapse without a workable unit.  The bet is won for positive proof if and only if the device performs within 25% of it's advertised hashrate AND power consumption, on the low side.  If it out performs there is no upper bound and the bet is considered won for positive proof.

Negative proof win is for Goat
Positive proof win is for Sadpandatech

Is this correct?


hero member
Activity: 518
Merit: 500
Any more news from BFL people ? This is taking quite some time to get to market. I want to swap my loud, hot GPUs for some cool, quite FPGAs made out of magic unicorn dust ASAP.
hero member
Activity: 504
Merit: 500
I'd like to point out some syntax here. the website says nowhere the hashes apply to BITCOIN MINING. It just says hashes. "Ghash/sec" is still appropriate terminology for hashing for the purposes of decryption. I wouldn't be surprised if this is in fact a generic hashing FPGA, which can achieve these speeds. Whitepixel (http://blog.zorinaq.com/?e=42) can get 33 Ghash/sec on 4 5970s. That's SHA password hashes, not bitcoin hashes.

I'd expect butterflylabs is correct, but they are selling generic SHA hashing FPGAs. It is the bitcoin people who are unfamiliar with the terminology that assumed they were referring to mining. The page says nothing of the sort.


Click the order button and read on:

Performance: Each pre-order unit performs 1.05 Giga Hash / second (plus or minus 10% running variant) for a two step SHA256 process using Bitcoin block mining as a common measure of reference. Power consumption reaches a maximum of 19.8w under full load.


  Thank you.    Cool
hero member
Activity: 518
Merit: 500
I'd like to point out some syntax here. the website says nowhere the hashes apply to BITCOIN MINING. It just says hashes. "Ghash/sec" is still appropriate terminology for hashing for the purposes of decryption. I wouldn't be surprised if this is in fact a generic hashing FPGA, which can achieve these speeds. Whitepixel (http://blog.zorinaq.com/?e=42) can get 33 Ghash/sec on 4 5970s. That's SHA password hashes, not bitcoin hashes.

I'd expect butterflylabs is correct, but they are selling generic SHA hashing FPGAs. It is the bitcoin people who are unfamiliar with the terminology that assumed they were referring to mining. The page says nothing of the sort.


Click the order button and read on:

Performance: Each pre-order unit performs 1.05 Giga Hash / second (plus or minus 10% running variant) for a two step SHA256 process using Bitcoin block mining as a common measure of reference. Power consumption reaches a maximum of 19.8w under full load.
sr. member
Activity: 283
Merit: 250
Making a better tomorrow, tomorrow.
FPGA is used exclusively with the actual costs of the boards being designed somewhat equivalent. Mhash's are about a quarter of the Butterfly labs card though but wattage is similar, they do say they use a combination of ASIC and FPGA.

The wattage is not "similar".  Other FPGA designs are getting about 20MH/W not 50MH/W. 250% improvement in electrical efficiency is massive.

Versus ~1000 Watts for GPU.
wat
pl0x to be showing me a GPU that noms 1000 watts, k?
Ahem, for GPUs..
I'm just saying it's all in the ballpark especially with 2 ASICs on shared dies?
newbie
Activity: 12
Merit: 0
http://butterflylabs.com/products/

Their claims are not outside the realm of physical possibility like some past hardware miner scams have been— but they also don't appear to be possible, at least with current commercially available parts.

The webpage is very thin on evidence that they aren't a scam. The most compelling thing I've seen is that they're looking to hire someone who speaks mandarin, though while that bodes well for their honesty it doesn't bode well for their product actually existing. Smiley

I understand that a fair number of bitcoiners have sent them money (or, well, that they claim so— but I only know of one).

Anyone have any information?   It would be a pretty good deal if it were true.


I'd like to point out some syntax here. the website says nowhere the hashes apply to BITCOIN MINING. It just says hashes. "Ghash/sec" is still appropriate terminology for hashing for the purposes of decryption. I wouldn't be surprised if this is in fact a generic hashing FPGA, which can achieve these speeds. Whitepixel (http://blog.zorinaq.com/?e=42) can get 33 Ghash/sec on 4 5970s. That's SHA password hashes, not bitcoin hashes.

I'd expect butterflylabs is correct, but they are selling generic SHA hashing FPGAs. It is the bitcoin people who are unfamiliar with the terminology that assumed they were referring to mining. The page says nothing of the sort.

hero member
Activity: 518
Merit: 500
FPGA is used exclusively with the actual costs of the boards being designed somewhat equivalent. Mhash's are about a quarter of the Butterfly labs card though but wattage is similar, they do say they use a combination of ASIC and FPGA.

The wattage is not "similar".  Other FPGA designs are getting about 20MH/W not 50MH/W. 250% improvement in electrical efficiency is massive.

Versus ~1000 Watts for GPU.

He probably has seen the 7xxx series flop just like Bulldozer Smiley

Starting to regret AMD took over ATI Sad
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
FPGA is used exclusively with the actual costs of the boards being designed somewhat equivalent. Mhash's are about a quarter of the Butterfly labs card though but wattage is similar, they do say they use a combination of ASIC and FPGA.

The wattage is not "similar".  Other FPGA designs are getting about 20MH/W not 50MH/W. 250% improvement in electrical efficiency is massive.

Versus ~1000 Watts for GPU.
wat
pl0x to be showing me a GPU that noms 1000 watts, k?
sr. member
Activity: 283
Merit: 250
Making a better tomorrow, tomorrow.
FPGA is used exclusively with the actual costs of the boards being designed somewhat equivalent. Mhash's are about a quarter of the Butterfly labs card though but wattage is similar, they do say they use a combination of ASIC and FPGA.

The wattage is not "similar".  Other FPGA designs are getting about 20MH/W not 50MH/W. 250% improvement in electrical efficiency is massive.

Versus ~1000 Watts for GPU.
hero member
Activity: 504
Merit: 500

Inaba has already approved this and has the address in the thread.


I will willing to bet the other guy the 12 coins he offered to be but he backed down, not me. I will still be that guy and even give him 2 to 1 odds just to show how willing I am to bet.

Thanks,

  The other guy is Sadpandatech, me, I, this guy here.  There is a big difference between no response and 'backing down'. I apologize if my willingness to gamble is not driven by my ego. ;p  I took the time to reflect more on the ground rules after reading your following posts which responded to my '2 week?' with a 2 month time. And then the 10 days you added for others to bet. If you read the entire post of mine you will notice that I stated I was not inclined to having even a small amount of BTC tied up for too long a time frame. Beleive it or not, I have better things to do with my little BTC. =) I am absolutely not a gambler. Therefor, with this extended time frame I am only willing to bet 2BTC on my side against your 4BTC. I am however an avid follower of 'numbers'. I love crunching them. Anyways to the point, as I want to be very certain we are in agreeance of the terms.

  2 to 1 Odds against. Inaba to act as escrow. 2 months +8 days left now until bet default end. 25% spread on wattage, 25% spread on hash rate from the stated baseline of 1050MHs and 50w. Bet is met/lost either when BFL provide '*acceptable' proof or disproof of claim, or defaulted at the end of 2 months and 8 days if no unit is provided to verify claim. A total of 6 BTC to be held in escrow and sent in total to the winner or returned to betters if bet default.


  *acceptable - A 'trusted' member of the community must provide the results of a unit test. Unit to be one stated by BFL to be of the same physical nature as the one the stated numbers are for. Unit shall be operating no less than a period of 24h, while carefully monitored for MH and watt usage over said 24h time period.

  Did I miss anything? Are you going to back out? You will find my transaction of 2BTC to; 1CzKrTnncqVuviR9iyBBL5KBJkHUtv4Sjp
 here; http://blockexplorer.com/address/1CzKrTnncqVuviR9iyBBL5KBJkHUtv4Sjp



    Sincerely,
      Derek (not a gambler)
hero member
Activity: 518
Merit: 500
You sent Inaba 5 coins already? I will give you 10 to 1 odds only one the first bitcoin. The other 4 I will give you 2 to 1. So he will have 18 from me  within 24 hours.

I am very glad to see that you are willing to match my bet on the terms I set!

Thanks for putting your money where your mouth is.

Sadly it is night time for me, I will respond in the morning.

Peace!

Are you that thick? No, I bet on http://betsofbitco.in/item?id=141 where you currently get far better odds than the 10-1. In fact odds are in your favor, so cough up those coin or just shut up. BTW, its hysterical how you have moved from wanting to bet $10.000 no matter the odds to haggling over single digit bitcoin amounts now.
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