Topic: 1GH/s, 20w, $500 — Butterflylabs, is it a scam? - page 51. (Read 123107 times)
anxiously awaiting to see if this is legit, if it is, I will be buying.
This thread is getting ridiculous. Bottom line is that the claims are bold, but not impossible, and it doesnt look like a simple scam, though until proven otherwise, its clear the claims may be... optimistic.
As for the price being too low; without knowing their fixed and variable costs, or their capacity, you cant conclude anything from it. Its not because "the market would bare more", that their pricing is per se nonsensical; their business plan may require volumes they wouldnt reach at the maximum price "the market would bare". In fact, such an approach makes perfect sense, if you would invest a non trivial amount in such a product, knowing that a competitor with a better product might make your product almost unsellable in 12 or 6 months or less. You would want to sell as much as you can, rather than sell for as much as you can.
So why doesnt everyone just take a deep breath and wait to see what happens.
As for the price being too low; without knowing their fixed and variable costs, or their capacity, you cant conclude anything from it. Its not because "the market would bare more", that their pricing is per se nonsensical; their business plan may require volumes they wouldnt reach at the maximum price "the market would bare". In fact, such an approach makes perfect sense, if you would invest a non trivial amount in such a product, knowing that a competitor with a better product might make your product almost unsellable in 12 or 6 months or less. You would want to sell as much as you can, rather than sell for as much as you can.
So why doesnt everyone just take a deep breath and wait to see what happens.
Would anyone care to act as a trusted 3rd party escrow for this gentleman?
Regards,
BFL
Regards,
BFL
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!!!
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!!!
Not saying it isn't a scam, but how much crow do you promise to eat if it turns out to be true?
I think an appropriate amount would be 10 units at full price.
As real as this seems I would not see anyone doing this simply because there is not much $$$ to be made from this. Even at 100 orders of $ they can only raise about $50 000 which surely would not be enough to pay all the manufacturing and employees etc.
Alright you're off the hook... for now 
Or am I just in it for the long con? I wouldn't want my sockies blown out of the water now, would I?
Alright you're off the hook... for now
RandyFolds seems overly supportive of the whole thing. Could this be a sockpuppet troll of his? 
I still don't believe it, with the original, "Who would price something at a quarter of what the market will bear?"
The answer is either they are scamming, or are business mongoloids.
The answer is either they are scamming, or are business mongoloids.
I would love to buy it when it is out too.
RandyFolds seems overly supportive of the whole thing. Could this be a sockpuppet troll of his?
I still don't believe it, with the original, "Who would price something at a quarter of what the market will bear?"
The answer is either they are scamming, or are business mongoloids.
It's not exactly a clear must-buy even at the current price they're offering it for, though - buying new mining hardware has been hard to justify for a while. If they sold it at a hefty premium to the cost of GPUs then I'm not convinced they'd get that many takers, and if this is genuine then they pretty much need all the volume they can get in order to push their component prices down to non-absurd levels.The answer is either they are scamming, or are business mongoloids.
Everyone knows that ASICs and FPGAs are coming and are going to change the game. These guys are the first ones out the door with a nice clean package (not to detract from the other projects, but they all look like experiments in progress). It is a must buy at that price. 20 - yes, twenty - 10+10 - 5+5+5+5 watts. That beats the hell out of the 670w that I am drawing from the wall for the same speed. You do understand that electricity is the prohibitive cost in mining, right?
I still don't believe it, with the original, "Who would price something at a quarter of what the market will bear?"
The answer is either they are scamming, or are business mongoloids.
It's not exactly a clear must-buy even at the current price they're offering it for, though - buying new mining hardware has been hard to justify for a while. If they sold it at a hefty premium to the cost of GPUs then I'm not convinced they'd get that many takers, and if this is genuine then they pretty much need all the volume they can get in order to push their component prices down to non-absurd levels. The answer is either they are scamming, or are business mongoloids.
Anyone familiar with VIA's newer C7 tech, where they have sha-1, sha-256, and other crypto capabilities designed into the processers?
cpuminer already supports VIA Padlock (http://www.via.com.tw/en/initiatives/padlock/hardware.jsp) extensions. In theory, VIA Padlock should improve performance, but VIA x86 architecture is such crap compared to Intel/AMD that Padlock cannot make up the difference and it ends up being a wash.https://github.com/jgarzik/cpuminer/blob/master/sha256_via.c
Thanks. Yea, I read VIA's info on it. I kinda figured their implentation in their existing ships would be capped by the x86 arch. What I am curious about is if their design methods are known and how usefull it would be if it could be expanded to an entire chip.?
I had no idea jgarzik had done a sha256_via implented into the miner. That is pretty damn nifty. i'll tell you, the hardcore devs, hardware hackers and other brilliant minds around here impress me more every day!
Cheers
+1
Anyone familiar with VIA's newer C7 tech, where they have sha-1, sha-256, and other crypto capabilities designed into the processers?
cpuminer already supports VIA Padlock (http://www.via.com.tw/en/initiatives/padlock/hardware.jsp) extensions. In theory, VIA Padlock should improve performance, but VIA x86 architecture is such crap compared to Intel/AMD that Padlock cannot make up the difference and it ends up being a wash.https://github.com/jgarzik/cpuminer/blob/master/sha256_via.c
Thanks. Yea, I read VIA's info on it. I kinda figured their implementation in their existing chips would be capped by the x86 arch. What I am curious about is if their design methods are known and how usefull it would be if it could be expanded to an entire chip.?
I had no idea jgarzik had done a sha256_via implemented into the miner. That is pretty damn nifty. i'll tell you, the hardcore devs, hardware hackers and other brilliant minds around here impress me more every day!
Cheers
Anyone familiar with VIA's newer C7 tech, where they have sha-1, sha-256, and other crypto capabilities designed into the processers?
cpuminer already supports VIA Padlock (http://www.via.com.tw/en/initiatives/padlock/hardware.jsp) extensions. In theory, VIA Padlock should improve performance, but VIA x86 architecture is such crap compared to Intel/AMD that Padlock cannot make up the difference and it ends up being a wash.https://github.com/jgarzik/cpuminer/blob/master/sha256_via.c
Anyone familiar with VIA's newer C7 tech, where they have sha-1, sha-256, and other crypto capabilities designed into the processers?
25nm tech is not necessary to achieve the numbers BFL is claiming. While their claims are of the extreme, 2 full processors, each a 'stacked' design fpga/asic would be more than capable. The caveat being the usual cost in developing such a chip or chip combo if stacked. Until they pop one out to someone or atleast give some design info or such we really don't know.
Friggin show us one mining already!!! *grovels shamelessly*
Maybe they also have discovered the 25nm process before Intel and co. too ?
? I saw pretty pictures! When can I give my money for the pretty picture?
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If you'd like, I can email you all sorts of pretty pictures of high end elctronics along with an address or wallet to send some money to? ;p
I saw pretty pictures! When can I give my money for the pretty picture?
{hops up an down}
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Relax guys ! Sit back and wait. As long as no one lost money there is no need for hate.
If they can deliver 1GH/s with their device they will be rich soon enough ! I do understand why they won't come up with every detail. It looks like they have something nobody else has. Soon enough the time will come to proove that what they were working at can match their claims. I wish them luck.
If they can deliver 1GH/s with their device they will be rich soon enough ! I do understand why they won't come up with every detail. It looks like they have something nobody else has. Soon enough the time will come to proove that what they were working at can match their claims. I wish them luck.
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