1GH/s, 20w, $500 — Butterflylabs, is it a scam? - page 50.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: ?? on ??

I will pay 10% of any ones costs to buy any of this guys products just for the fucking lulz.

This means for you dumb asses who might buy this shit, I will give you 10% back if you prove you buy his product in this thread!

I will pay in bitcoin!!!! buy buy buy!!!!

put up or shut the fuck up

send $51.70 in bitcoin to: 1JEwBWFzoeTBb5D6uamF4UMSVLhgb3wfgJ

i'm waiting.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: P4man on November 07, 2011, 05:19:08 PM

underdelivering on promises is not the same as being a scam.

Yeah, it is. Maybe not in every case, but with regards to a product that fails to perform to advertised standards, it most definitely is.

Inaba

legendary

Activity: 1260

Merit: 1000

I'll escrow any bets, if anyone wants.

BFL just has to give me the word and I'll test a unit out the same day, both on the live pool and on my development site which is not open to the internet (and thus couldn't be pulling any hanky panky as far as hashrate goes.) If it delivers anywhere close under those conditions, I'd say it's pretty conclusive.

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: sadpandatech on November 07, 2011, 06:36:03 PM

Why'd my picture of 'Ninja Queen' get removed? It was a publicly posted pic of theirs and was posted here to show that there was someone in a 'professional' looking environment working on BFL components....

I was wondering this too... it was from off their website...

sadpandatech

hero member

Activity: 504

Merit: 500

Why'd my picture of 'Ninja Queen' get removed? It was a publicly posted pic of theirs and was posted here to show that there was someone in a 'professional' looking environment working on BFL components....

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: P4man on November 07, 2011, 06:29:01 PM

Quote from: DeathAndTaxes on November 07, 2011, 06:19:21 PM

The greater than 10MH/W is easy. Ztek's current board pushes 190MW using 8.5W so that is ~22MH/W.

I know, its just to make sure they wouldnt sell a GPU based solution, which could easily achieve 1MH/$, but at far higher power consumption obviously.

Quote

As far are 1 MH/$. If it gets 50% of their claimed performance it would be $1 per MH for pre-orders and $1.20 per MH for regular orders which would be good but not amazing performance for FPGA.

I would say it is a scam if they don't deliver the performance claimed.

If Butterfly wants to take the bet with the performance as currentlyclaimed, thats their choice, but assuming they havent gotten their software ready and fully optimized yet, think its fair to give them some leeway without labeling it a scam. Remember, half this thread is about fake photo's, non existing business registration what not. If it turns out everything is legit but they miss their performance estimates by 20% or whatever, thats something entirely different as them never shipping a single product and running of with the money never to be heard of again (which is what most here expected).

A lot would depend on how far off their claims our. If company doesn't know the performance they shouldn't report the performance but I agree any product is better than just disappearing with the cash. Then again I doubt we will be seeing a product.

P4man

hero member

Activity: 518

Merit: 500

Quote from: DeathAndTaxes on November 07, 2011, 06:19:21 PM

The greater than 10MH/W is easy. Ztek's current board pushes 190MW using 8.5W so that is ~22MH/W.

I know, its just to make sure they wouldnt sell a GPU based solution, which could easily achieve 1MH/$, but at far higher power consumption obviously.

Quote

As far are 1 MH/$. If it gets 50% of their claimed performance it would be $1 per MH for pre-orders and $1.20 per MH for regular orders which would be good but not amazing performance for FPGA.

I would say it is a scam if they don't deliver the performance claimed.

If Butterfly wants to take the bet with the performance as currentlyclaimed, thats their choice, but assuming they havent gotten their software ready and fully optimized yet, think its fair to give them some leeway without labeling it a scam. Remember, half this thread is about fake photo's, non existing business registration what not. If it turns out everything is legit but they miss their performance estimates by 20% or whatever, thats something entirely different as them never shipping a single product and running of with the money never to be heard of again (which is what most here expected).

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: P4man on November 07, 2011, 06:10:53 PM

Show me a fancy FPGA solution that provides >1 MH/$ (and better than 10MH/W). If you call that a scam, I want to be scammed

The greater than 10MH/W is easy. Ztek's current board pushes 190MW using 8.5W so that is ~22MH/W. As far are 1 MH/$. If it gets 50% of their claimed performance it would be $1 per MH for pre-orders and $1.20 per MH for regular orders which would be good but not amazing performance for FPGA.

I would say it is a scam if they don't deliver the performance claimed.

P4man

hero member

Activity: 518

Merit: 500

Show me a fancy FPGA solution that provides >1 MH/$ (and better than 10MH/W). If you call that a scam, I want to be scammed

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Well, it could just be a fancy fpga miner, delivering a fraction of the said performance, but I would still consider myself scammed if I were a paying costumer.

P4man

hero member

Activity: 518

Merit: 500

Yeah, I wouldnt bet $20.000 there either (or anywhere else for that matter), but Id be surprised Goat would actually put up 100 BTC, let alone 1000 or 10000 and I suspect the butterfly lab guys will gladly match a few 100. Well worth the risk IMO.

Anyway, Ill formulate a bet. How is this as bet:

The Butterfly Labs "Bitforce miner" shown here:
http://butterflylabs.com/
is just a scam, not a real product under development.

Butterfly Labs will not ship a single self designed bitcoin mining "bitforce 256" product in the next 6 months to paying customers

If they ship a single BitForce SHA256 board to a paying customer within this time, and its verified to produce more than 500MH/s while consuming less than 50 Watt, the above statement is deemed false, and Butterfly labs is not a scam.

Butterfly labs will also not let anyone independently verify their custom hardware is real and works. If they do let someone independent, recommended by bitcointalk forum, test and verify their claims, and this person acknowledges the hardware is real and produces results that are roughly inline with the performance claims made on Butterfly's website, it is also not considered a scam and this statement is considered false.

Yes, i cut their projections by half, underdelivering on promises is not the same as being a scam.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: P4man on November 07, 2011, 04:52:37 PM

You can create your own bets.

Who would trust that site to hold $20,000 and still be there when the score is settled? Wordpress ftw.

P4man

hero member

Activity: 518

Merit: 500

You can create your own bets.

P4man

hero member

Activity: 518

Merit: 500

Place your bet here goat:
http://betsofbitco.in/

bulanula

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

i was told i will be banned by an admin of this site unless i put up $10,000 in escrow. please trust the other kc member who runs eclipse mc mining as i am about to be banned.

i would give 10k to a trusted escrow site but i wont give $10 to the admin "maged" who will ban me!

I think you mean Inaba guy ?

bulanula

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

by the way, im a kansas city missouri guy, also, i can pay in silver, gold or us dollars in the kansas city area in 24 hours for any reasonable bet if need be!

god bless!

We need more people like you here with the amount of scammers in this community. Hopefully this turns out to be real

Turbor

legendary

Activity: 1022

Merit: 1000

BitMinter

time for your pills ! Tongue

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Oh god... you guys woke up Goat. Prepare for this thread to dissolve into utter lunacy.

RandyFolds

sr. member

Activity: 448

Merit: 250

Quote from: ?? on ??

I will give 100 US dollar bounty paid in the currant rate of bitcoin to get this scammer, I mean engineer, on tape selling his product. I already have 53 people on tape entering this building and odds are this guy is one of seven.

I will pay out 50$ in bitcoin just to get a confirmation on his ID.

I will pay 250$ in bitcoin if anyone can lead to this guys arrest and if he gets more than 10 days in jail.

If he does a year or more (in jail) I will pay the electricity of an 5970 for a year and the guy who gets him will get all the bitcoin output.

Also, I am still waiting for the penis enlargement pills I ordered/ Offer to video tape your presentation and upload it at my cost!!!

You really don't have anything better to do with your time and money than film people going into a mixed-zoning building? Goddamn, son, start doing something productive with your time.

P4man

hero member

Activity: 518

Merit: 500

Quote from: heavyb on November 07, 2011, 02:35:13 PM

anxiously awaiting to see if this is legit, if it is, I will be buying.

IF it is legit, I will be selling.
My GPU's as fast as I can.

Topic: 1GH/s, 20w, $500 — Butterflylabs, is it a scam? - page 50. (Read 123107 times)