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Topic: 1GH/s, 20w, $700 (was $500) — Butterflylabs, is it for real? (Part 2) - page 42. (Read 146909 times)

legendary
Activity: 1260
Merit: 1000
Why is the lead on devices ordered today the same as when they hadn't even been designed or built?

Because it takes time to get components sent from over seas and assembled.  Perhaps you're not familiar with the concept of NON mass produced items.  

Quote
Why isn't the money they have collected enough to put stock on their shelves, so to speak? Generally, profit taking doesn't begin in a business until the business becomes profitable. So why aren't their margins on the 'singles' already preordered put back into procuring more units, thus reducing lead time?

So why would you put stock on shelves if you don't know what actual demand is going to be?  That would be incredibly stupid from a business standpoint.  I would keep barely enough stock to ship a couple units and order the rest as required until I were comfortable with what demand is for the long term.  It would be ignorant in the extreme to order 1000 units and then have 700 of them sitting around gathering dust.

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If the money isn't enough, why haven't they sought capital elsewhere? VC funds fly around all day, for far stupider plans than this. The fact that they still don't have machines leads me to believe they haven't successfully sought it out.

Why?  Why not?  Why be indebted to someone else?

Quote
Yes, the aforementioned questions that remain unanswered lead me to believe it is unreasonable to still have a 4-6 week (that could turn to 4 months without explanation, apparently) lead time. You are telling me that they are building these as orders come in? Not in batches? Seriously?

I don't know what they are doing... but from my considerable experience, I've already outlined what I would be doing were I in their shoes.
legendary
Activity: 1260
Merit: 1000
Quote
Yes. I think it is unreasonable. It is the way they got into this predicament where they cannot deliver on-spec or on-time.

They took people's money -based upon lies- as capital to build a product (that doesn't exist as of yet) and even with their irresponsible preorders, couldn't finance their endeavor? They are still accepting pre-orders, now for a $25k vapor-box as well. You're telling me they can't find a venture capitalist to kick them a few hundred grand to deliver their products on time? They don't have enough collateral to secure a bank loan?

How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?

Thanks for answering.  So, in a nutshell, your chain of logic is completely non-existent and meanders all over the place, breaking down like a Ford fresh off the showroom floor.  That's kind of what I thought, but I had hoped that maybe you had some sort of logical consistence to your constant haranguing, but my hopes have been dashed, sadly.


Sorry if your opinion isnt fact. Just because you think its not logical , doesnt make it so. Who gives a shiet what you "hoped". Do you care if i "hoped" you're retard?

I troll this thread because of pos like you who thinks their opinion is end of all. I dont support such business tactics of BFL's. You can go fuck yourself.


What's the matter, stud?  Did I piss you off?  Did your little brain overload?  Glad you like my avatar, it looks good on you.  At least you know what it feels like to not look like a douche.  Enjoy it!  Sorry about letting your secrets out, but it happens and I am really sorry if I hurt your feelings, little man.  Your fragile ego is hard to dance around.


hero member
Activity: 518
Merit: 500
How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?
Heh, I'll bet that if anyone actually purchased the Rig Box, they would drop EVERYTHING, including the singles, to do whatever they were/are planning to do with it. (Make something, abscond, buy a car, etc)

The rig box does not have an ETA. The Singles are 4-6 weeks from time of order; the rig box has no such wording on their order page.

I emailed them on Dec 16th about the rig box and got these replies same day:

Quote
Hi Mel.  I just got done speaking with someone else who asked the very same question.  Rig Box orders placed today have an expected delivery of 8 weeks.

Kind regards,
Sonny K
BF Labs Inc.

Quote
The pre-order period will end on public demonstration of the production Rig Box units. Sounds a bit dodgy to me !? First get the fools to pay up for a special price then demo the unit publicly ( which may never happen as they have ran off with 25k easily ) Shocked  The price will go up at that point by a margin not yet determined.

Regards,
Sonny K
BF Labs Inc.

Quote
I think you wanted to know *when* that will be.  Early February. Thought this was before the end of January !?!? Angry

Kind regards,
Sonny K
BF Labs Inc.

Quite revealing ! Thank you very much !
sr. member
Activity: 461
Merit: 251
How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?
Heh, I'll bet that if anyone actually purchased the Rig Box, they would drop EVERYTHING, including the singles, to do whatever they were/are planning to do with it. (Make something, abscond, buy a car, etc)

The rig box does not have an ETA. The Singles are 4-6 weeks from time of order; the rig box has no such wording on their order page.

I emailed them on Dec 16th about the rig box and got these replies same day:

Quote
Hi Mel.  I just got done speaking with someone else who asked the very same question.  Rig Box orders placed today have an expected delivery of 8 weeks.

Kind regards,
Sonny K
BF Labs Inc.

Quote
The pre-order period will end on public demonstration of the production Rig Box units.  The price will go up at that point by a margin not yet determined.

Regards,
Sonny K
BF Labs Inc.

Quote
I think you wanted to know *when* that will be.  Early February.

Kind regards,
Sonny K
BF Labs Inc.
legendary
Activity: 922
Merit: 1003
Weren't the singles supposed to ship by Jan 1?  It is supposed to be another 4-6 weeks?

Well originally they were going to ship Nov. 1 but who's counting.  

Maybe BFL is approaching an event horizon and we are witnessing a time dialation effect.  Relative to the BFL single being crushed by a singularity they are still on track but to us outsides it takes an exponentially increasing amount of time.

LOL. Love those black holes!
donator
Activity: 1218
Merit: 1079
Gerald Davis
Weren't the singles supposed to ship by Jan 1?  It is supposed to be another 4-6 weeks?

Well originally they were going to ship Nov. 1 but who's counting.  

Maybe BFL is approaching an event horizon and we are witnessing a time dialation effect.  Relative to the BFL single being crushed by a singularity they are still on track but to us outsides it takes an exponentially increasing amount of time.
legendary
Activity: 2058
Merit: 1431
Weren't the singles supposed to ship by Jan 1?  It is supposed to be another 4-6 weeks?
they're using valve time.
hero member
Activity: 798
Merit: 1000
Weren't the singles supposed to ship by Jan 1?  It is supposed to be another 4-6 weeks?

No, the pre-orders are shipping this month.
full member
Activity: 168
Merit: 100
Quote
Yes. I think it is unreasonable. It is the way they got into this predicament where they cannot deliver on-spec or on-time.

They took people's money -based upon lies- as capital to build a product (that doesn't exist as of yet) and even with their irresponsible preorders, couldn't finance their endeavor? They are still accepting pre-orders, now for a $25k vapor-box as well. You're telling me they can't find a venture capitalist to kick them a few hundred grand to deliver their products on time? They don't have enough collateral to secure a bank loan?

How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?

Thanks for answering.  So, in a nutshell, your chain of logic is completely non-existent and meanders all over the place, breaking down like a Ford fresh off the showroom floor.  That's kind of what I thought, but I had hoped that maybe you had some sort of logical consistence to your constant haranguing, but my hopes have been dashed, sadly.


Sorry if your opinion isnt fact. Just because you think its not logical , doesnt make it so. Who gives a shiet what you "hoped". Do you care if i "hoped" you're retard?

I troll this thread because of pos like you who thinks their opinion is end of all. I dont support such business tactics of BFL's. You can go fuck yourself.
sr. member
Activity: 308
Merit: 250
Weren't the singles supposed to ship by Jan 1?  It is supposed to be another 4-6 weeks?
sr. member
Activity: 448
Merit: 250
While I have him on ignore, I can still unfortunately see his crap in everyone's quotes.   Please just stop responding to him and I'm sure he'll slink off to annoy something else when he stops getting attention.

You can't control it, you just read what's in front of you whether you want to or not? Go fuck yourself Simon.

If you want to go back 120 pages or so, I was on there saying I would give the benefit of the doubt to BFL. That was before a four month delay and a series of lies and deceptions.
hero member
Activity: 518
Merit: 500

Everyone who mines has a vested interest in a game-changing device such as BFL is claiming to release...

I wouldn't use so dramatic a term for it but, for some people, yes. The BFL product is most advantageous for those with high electricity costs and/or logistical issues with GPU mining side-effects. After all, any efficient GPU has 2x the hashrate/$ ratio as the BFL (5970: $300@800Mhash. BFL: $600@800Mhash. Replace '5970' with 5870, or 5850 or 5830, and the same ratio applies).

You can find used/refurb 5830's for $75 now and they will get ~275Mhash; that's almost a 3x better Mhash/$ ratio than BFL. Yes, I realize that over the longer term (the exact length of that term will be different for everyone) the lower electricity costs of the FPGA will overtake the initial cost savings of the GPU ... but I'm putting that aside for now.

In my case my GPUs run in my home; I've reached the point where I cannot add any more mining capacity without compromising comfort (heat, noise). These BFL boxes will (a) let me add a bit more capacity; and/or (b) replace some GPU capacity with FPGA.

If I had the option of running my GPU rigs outside my living spaces, I'd pick up more cheap GPUs, not BFL Singles, simply because of (a) the lower up-front capital outlay for GPUs; (b) the expected higher resale value of GPUs; (c) the better warranty of GPUs; and (d) my low electrical rate.

Everyone should run their own 'cost/benefit' analysis before deciding what is best for them. I'm sure the BFL boxes will be popular with many people, but they won't be for everyone. Once I see they are shipping and have read some positive reviews, I will buy up one or two myself just to see how well they would work for me.

YMMV.

Thank you for this Epoch. I have now realized that BFL is not an option for people like me with tons of electricity and space !
hero member
Activity: 798
Merit: 1000
While I have him on ignore, I can still unfortunately see his crap in everyone's quotes.   Please just stop responding to him and I'm sure he'll slink off to annoy something else when he stops getting attention.
sr. member
Activity: 448
Merit: 250
Quote
Yes. I think it is unreasonable. It is the way they got into this predicament where they cannot deliver on-spec or on-time.

They took people's money -based upon lies- as capital to build a product (that doesn't exist as of yet) and even with their irresponsible preorders, couldn't finance their endeavor? They are still accepting pre-orders, now for a $25k vapor-box as well. You're telling me they can't find a venture capitalist to kick them a few hundred grand to deliver their products on time? They don't have enough collateral to secure a bank loan?

How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?

Thanks for answering.  So, in a nutshell, your chain of logic is completely non-existent and meanders all over the place, breaking down like a Ford fresh off the showroom floor.  That's kind of what I thought, but I had hoped that maybe you had some sort of logical consistence to your constant haranguing, but my hopes have been dashed, sadly.



I will try and present it in simpler blocks for you:

Why is the lead on devices ordered today the same as when they hadn't even been designed or built?

Why isn't the money they have collected enough to put stock on their shelves, so to speak? Generally, profit taking doesn't begin in a business until the business becomes profitable. So why aren't their margins on the 'singles' already preordered put back into procuring more units, thus reducing lead time?

If the money isn't enough, why haven't they sought capital elsewhere? VC funds fly around all day, for far stupider plans than this. The fact that they still don't have machines leads me to believe they haven't successfully sought it out.

So is it safe to assume that you think it's unreasonable to expect the batch of orders after the pre-orders to take 4 - 6 weeks?

Yes, the aforementioned questions that remain unanswered lead me to believe it is unreasonable to still have a 4-6 week (that could turn to 4 months without explanation, apparently) lead time. You are telling me that they are building these as orders come in? Not in batches? Seriously?


In summation, THIS PRODUCT STILL DOES NOT EXIST.
legendary
Activity: 1260
Merit: 1000
Quote
Yes. I think it is unreasonable. It is the way they got into this predicament where they cannot deliver on-spec or on-time.

They took people's money -based upon lies- as capital to build a product (that doesn't exist as of yet) and even with their irresponsible preorders, couldn't finance their endeavor? They are still accepting pre-orders, now for a $25k vapor-box as well. You're telling me they can't find a venture capitalist to kick them a few hundred grand to deliver their products on time? They don't have enough collateral to secure a bank loan?

How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?

Thanks for answering.  So, in a nutshell, your chain of logic is completely non-existent and meanders all over the place, breaking down like a Ford fresh off the showroom floor.  That's kind of what I thought, but I had hoped that maybe you had some sort of logical consistence to your constant haranguing, but my hopes have been dashed, sadly.
legendary
Activity: 922
Merit: 1003
How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?
Heh, I'll bet that if anyone actually purchased the Rig Box, they would drop EVERYTHING, including the singles, to do whatever they were/are planning to do with it. (Make something, abscond, buy a car, etc)

The rig box does not have an ETA. The Singles are 4-6 weeks from time of order; the rig box has no such wording on their order page.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?
Heh, I'll bet that if anyone actually purchased the Rig Box, they would drop EVERYTHING, including the singles, to do whatever they were/are planning to do with it. (Make something, abscond, buy a car, etc)
sr. member
Activity: 448
Merit: 250
So is it safe to assume that you think it's unreasonable to expect the batch of orders after the pre-orders to take 4 - 6 weeks?  By what logic do you operate, exactly?

I think it is unreasonable to string your customers along with bullshit for nearing four months now and still not have a functional product to show. I operate by the logic of instant gratification...I am american after all.

That's nice, but to be honest, I don't care what your view is as far as that goes.  I asked you a very specific question.  Now how about answering the question instead of avoiding it?

Yes. I think it is unreasonable. It is the way they got into this predicament where they cannot deliver on-spec or on-time.

They took people's money -based upon lies- as capital to build a product (that doesn't exist as of yet) and even with their irresponsible preorders, couldn't finance their endeavor? They are still accepting pre-orders, now for a $25k vapor-box as well. You're telling me they can't find a venture capitalist to kick them a few hundred grand to deliver their products on time? They don't have enough collateral to secure a bank loan?

How can the lead time be the same for a completely undesigned and untested device be the same as one that is already on the production line and due to hit the shelves in a week?
legendary
Activity: 922
Merit: 1003

Everyone who mines has a vested interest in a game-changing device such as BFL is claiming to release...

I wouldn't use so dramatic a term for it but, for some people, yes. The BFL product is most advantageous for those with high electricity costs and/or logistical issues with GPU mining side-effects. After all, any efficient GPU has 2x the hashrate/$ ratio as the BFL (5970: $300@800Mhash. BFL: $600@800Mhash. Replace '5970' with 5870, or 5850 or 5830, and the same ratio applies).

You can find used/refurb 5830's for $75 now and they will get ~275Mhash; that's almost a 3x better Mhash/$ ratio than BFL. Yes, I realize that over the longer term (the exact length of that term will be different for everyone) the lower electricity costs of the FPGA will overtake the initial cost savings of the GPU ... but I'm putting that aside for now.

In my case my GPUs run in my home; I've reached the point where I cannot add any more mining capacity without compromising comfort (heat, noise). These BFL boxes will (a) let me add a bit more capacity; and/or (b) replace some GPU capacity with FPGA.

If I had the option of running my GPU rigs outside my living spaces, I'd pick up more cheap GPUs, not BFL Singles, simply because of (a) the lower up-front capital outlay for GPUs; (b) the expected higher resale value of GPUs; (c) the better warranty of GPUs; and (d) my low electrical rate.

Everyone should run their own 'cost/benefit' analysis before deciding what is best for them. I'm sure the BFL boxes will be popular with many people, but they won't be for everyone. Once I see they are shipping and have read some positive reviews, I will buy up one or two myself just to see how well they would work for me.

YMMV.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
Everyone who mines has a vested interest in a game-changing device such as BFL is claiming to release...

I agree with this. That's why I have purchased said game changing device.

Aside from that, I will troll the fuck out of any company as unprofessional as they have shown themselves to be. Yesterday I wasted fifteen minutes stringing along a credit card consolidation company with fake numbers and names because they called me off the DNC list.

I think you would agree that to come into a thread like this and start defending yourself is like swimming with sharks while you are bleeding from every limb. It showed that they cared to even come and chat with us rather than let the speculation run wild. Have their been mistakes, missteps? Sure their have. I make mistakes everyday. Have they tried to make things right by offering refunds past the 45 day paypal protection guarantee and to lower the device price until the appropriate Mh/s is reached? Yes and yes.

I think their actions to make things right prove their worthiness for my business. I feel it is unfortunate you do not feel the same way.
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