Face it. BFL have fucked over the entire community without even releasing their new ASIC product.
All it took was an announcement to cause enough FEAR to crash the top Security prices on the GLBSE, the mad PANIC SELL-OFF of Bitforce Singles (over 50 for sale currently that I saw in the marketplace here) and the fight over their VAGUE terms of trade-in....not to mention the MEGA-TROLL against their competition.
THEY HAVE EVERY CURRENT CUSTOMER BY THE BALLS.
Those of you who have paid them your money have been hooked, line'd and SUNK....LOL....as in Hook, Line and Sinker.
They left their trade-up program details JUST VAGUE enough to keep the new orders rollin' in...but I wonder how those new orders will proceed after today or even last night ?
They were forced to reveal info that they DIDN'T want YOU to know and that was the fact that regardless of what BFL product you have, you will still have to PAY for your upgrade, FOR EACH ITEM. No trading in '2 old units' straight across for 1 shiny new one etc.
They want your money and NOW you have NO CHOICE but to keep giving it to them if you own a current generation piece of BFL hardware.
Topic: [Archive] BFL trolling museum - page 115. (Read 69394 times)
We have a 60 million dollars of bitcoin mainly mined with GPU video cards.
10 million Bitcoins?
This is why i posted over a week ago that this BFL ASIC thing is going to kill everyone. Yes, ASIC's are good for bitcoin, but they have to be implemented properly as it looks like they have come to market too quickly and cause a double leap. This is NOT CPU to GPU, this is GPU to ASIC, since they have come to market before FPGA's have had any chance to be implemented and mature.
The ASIUC is a different beast because once it is programmed, there is NO secondary market. High initial development cost, then extremely low production cost. Considering that mining is based on difficulty, this causes a HUGE monetary conflict.
Jesus this has been so ridiculous to see people not understand this and fall on half truths and past bullshit to frame their retorts.
THIS IS A NEW BEAST AND IS UNLIKE ANYTHING THAT HAS EVER HIT MINING BEFORE.
It requires a new type of analysis in order to preserve any sense of decentralization in mining.
If miners actually gave a shit about bitcoin they would all stop buying BFL's bullshit and tell them to screw.
Let's all get behind a legit openASIC program and do this OURSELVES in the right way.
Let everyone in the community have a chance to invest on the front end and distribute the mining appliances evenly so people can assess their prospective investment properly and only have to speculate on how much the coins might be worth. Rather than wondering if they will be left in the dust in the blink of an eye.
Get behind companies like enterpoint, nzhang, modminer quad, ztek, and the rest who have shown professionalism and consistency.
The ASIUC is a different beast because once it is programmed, there is NO secondary market. High initial development cost, then extremely low production cost. Considering that mining is based on difficulty, this causes a HUGE monetary conflict.
Jesus this has been so ridiculous to see people not understand this and fall on half truths and past bullshit to frame their retorts.
THIS IS A NEW BEAST AND IS UNLIKE ANYTHING THAT HAS EVER HIT MINING BEFORE.
It requires a new type of analysis in order to preserve any sense of decentralization in mining.
If miners actually gave a shit about bitcoin they would all stop buying BFL's bullshit and tell them to screw.
Let's all get behind a legit openASIC program and do this OURSELVES in the right way.
Let everyone in the community have a chance to invest on the front end and distribute the mining appliances evenly so people can assess their prospective investment properly and only have to speculate on how much the coins might be worth. Rather than wondering if they will be left in the dust in the blink of an eye.
Get behind companies like enterpoint, nzhang, modminer quad, ztek, and the rest who have shown professionalism and consistency.
if you never received the item, you'll win that case every time on getting it reversed.
"its been 75 days n still no item!... "
heard enough....
reversed."
if paypal wont, just call fraud at your bank n they will get that for you.
"its been 75 days n still no item!... "
heard enough....
reversed."
if paypal wont, just call fraud at your bank n they will get that for you.
I've heard they don't allow cancellations on the Mini-Rig orders (just what's been posted around here, though, nothing official). It's just the Singles they'll allow you to cancel if they don't ship within their guaranteed time.
if u pay via paypal or bank transfer u can cancel anytime (to my knowledge just tell pp or your bank to get the money back)
This is a joke?
Kid, go ask your bank to see for yourself.
Good luck reversing a bank transfer !
I've heard they don't allow cancellations on the Mini-Rig orders (just what's been posted around here, though, nothing official). It's just the Singles they'll allow you to cancel if they don't ship within their guaranteed time.
if u pay via paypal or bank transfer u can cancel anytime (to my knowledge just tell pp or your bank to get the money back)
This is a joke?
Kid, go ask your bank to see for yourself.
I've heard they don't allow cancellations on the Mini-Rig orders (just what's been posted around here, though, nothing official). It's just the Singles they'll allow you to cancel if they don't ship within their guaranteed time.
if u pay via paypal or bank transfer u can cancel anytime (to my knowledge just tell pp or your bank to get the money back)
Didnt realize that. Well, not sure if doubling would be fair, I dont think every fpga owner will double his investment. The above will more likely result in mini rig buyers getting shafted big time.
I suppose if they didn't want to do the trade-in, they could mine with them until the ASICs are released, and then sell them used for less than their trade-in value to someone who wanted to buy an ASIC for a bit less and didn't have anything to trade-in.
It's not fun (or cheap) shipping big heavy boxes around, though, especially if the customer is not in the US.
Didnt realize that. Well, not sure if doubling would be fair, I dont think every fpga owner will double his investment. The above will more likely result in mini rig buyers getting shafted big time.
I said this from the start and everyone posted saying I was SPECULATING and was basically full of shit, when I used the Old Item + cash for trade-ups....NOT simply 2x old items for a single new item trade in WITHOUT any cash being involved....
That is why I posted that bullshit thread full of nothing but sarcasm, after I got tired of arguing with everyone about BASIC BUSINESS PRACTICES....
It still boggles me how many IDIOTS thought that simply trading in 2 current mini-rigs would get them a shiny new ASIC mini-rig WITH NO MONEY involved.
Jesus Christ.
I had people posting everything from "Maybe BFL want to make their customers happy" to "Sure it makes sense, trade in $30k of old equipment straight across for new equipment...just like IT says, 100% trade-in value"....
I am not happy to see some undeserving people get the shaft and have to double their initial investments to stay competitive or to protect their investments, but I am more than happy to see alot of people SHUT UP about it finally.
...and I will continue to beat that dead horse, as it makes me smile.
https://bitcointalksearch.org/topic/bfl-trade-up-program-i-have-seen-the-light-88634
I've heard they don't allow cancellations on the Mini-Rig orders (just what's been posted around here, though, nothing official). It's just the Singles they'll allow you to cancel if they don't ship within their guaranteed time.
if i were one of their mini rig byers i would be really angry by now ....
time to cancel orders?
time to cancel orders?
You could probably double those numbers, since it's looking like they'll only allow 50% for trade-in.
(from another thread)
Just got a response from Jody. You have to put up 50% of the cost, the other 50% can be trade in.
Quote
I understand how you are confused. This whole thing has not been explained in detail. If it were a straight trade of old equipment for new our business would fold in a week. Here's how it works: if you buy $599 worth of BFL product--say 4 Jalapenos, you are eligible to send in a Single to exchange for 4 more Jalapenos. You must buy something to be eligible to trade something of equal value. And you don't have to send in your old equipment when you pay for the new--you send it in when you are notified that your ASIC equipment is ready to ship. Does this make sense to you?
Jody
Jody
Didnt realize that. Well, not sure if doubling would be fair, I dont think every fpga owner will double his investment. The above will more likely result in mini rig buyers getting shafted big time.
18.000/3.5=5142 ASICs. Quiet expensive give away...
Food for thought.
If you tally the current publicly known orders of mini rigs :
13 minirigs here: https://bitcointalksearch.org/topic/wait-list-bfl-mini-rig-order-dateship-date-76916
IIRC gigavps has 8 minirigs on order?
If so, thats 21 minirigs, and Im sure there are many more we dont know about. Traded in for half as many SC minirigs, thats ~10 minirig SCs or 10TH.
Then lets look at known singles:
https://bitcointalksearch.org/topic/wait-list-bfl-singles-order-date-ship-date-77796
422 singles that we know about, and Im guessing that thread doesnt even contain half of them, neither GigaVPS nor Inaba's farm are listed.
But even so, traded in for half that many single SCs thats another ~8TH.
So you are looking at, at the very least 18TH that will come online without anyone spending a dime buying those asic, just from trading in already ordered FPGAs. (If you think those fpgas will be scrapped or mothballed you can deduct 10% of that).
!
If you tally the current publicly known orders of mini rigs :
13 minirigs here: https://bitcointalksearch.org/topic/wait-list-bfl-mini-rig-order-dateship-date-76916
IIRC gigavps has 8 minirigs on order?
If so, thats 21 minirigs, and Im sure there are many more we dont know about. Traded in for half as many SC minirigs, thats ~10 minirig SCs or 10TH.
Then lets look at known singles:
https://bitcointalksearch.org/topic/wait-list-bfl-singles-order-date-ship-date-77796
422 singles that we know about, and Im guessing that thread doesnt even contain half of them, neither GigaVPS nor Inaba's farm are listed.
But even so, traded in for half that many single SCs thats another ~8TH.
So you are looking at, at the very least 18TH that will come online without anyone spending a dime buying those asic, just from trading in already ordered FPGAs. (If you think those fpgas will be scrapped or mothballed you can deduct 10% of that).
!
You could probably double those numbers, since it's looking like they'll only allow 50% for trade-in.
(from another thread)
Just got a response from Jody. You have to put up 50% of the cost, the other 50% can be trade in.
Quote
I understand how you are confused. This whole thing has not been explained in detail. If it were a straight trade of old equipment for new our business would fold in a week. Here's how it works: if you buy $599 worth of BFL product--say 4 Jalapenos, you are eligible to send in a Single to exchange for 4 more Jalapenos. You must buy something to be eligible to trade something of equal value. And you don't have to send in your old equipment when you pay for the new--you send it in when you are notified that your ASIC equipment is ready to ship. Does this make sense to you?
Jody
Jody
https://bitcointalksearch.org/topic/bfl-trade-up-program-i-have-seen-the-light-88634
is this true (Second comment quote of an email)?
is this true (Second comment quote of an email)?
Food for thought.
If you tally the current publicly known orders of mini rigs :
13 minirigs here: https://bitcointalksearch.org/topic/wait-list-bfl-mini-rig-order-dateship-date-76916
IIRC gigavps has 8 minirigs on order?
If so, thats 21 minirigs, and Im sure there are many more we dont know about. Traded in for half as many SC minirigs, thats ~10 minirig SCs or 10TH.
Then lets look at known singles:
https://bitcointalksearch.org/topic/wait-list-bfl-singles-order-date-ship-date-77796
422 singles that we know about, and Im guessing that thread doesnt even contain half of them, neither GigaVPS nor Inaba's farm are listed.
But even so, traded in for half that many single SCs thats another ~8TH.
So you are looking at, at the very least 18TH that will come online without anyone spending a dime buying those asic, just from trading in already ordered FPGAs. (If you think those fpgas will be scrapped or mothballed you can deduct 10% of that).
!
If you tally the current publicly known orders of mini rigs :
13 minirigs here: https://bitcointalksearch.org/topic/wait-list-bfl-mini-rig-order-dateship-date-76916
IIRC gigavps has 8 minirigs on order?
If so, thats 21 minirigs, and Im sure there are many more we dont know about. Traded in for half as many SC minirigs, thats ~10 minirig SCs or 10TH.
Then lets look at known singles:
https://bitcointalksearch.org/topic/wait-list-bfl-singles-order-date-ship-date-77796
422 singles that we know about, and Im guessing that thread doesnt even contain half of them, neither GigaVPS nor Inaba's farm are listed.
But even so, traded in for half that many single SCs thats another ~8TH.
So you are looking at, at the very least 18TH that will come online without anyone spending a dime buying those asic, just from trading in already ordered FPGAs. (If you think those fpgas will be scrapped or mothballed you can deduct 10% of that).
!
Quote
..there is that..but they still warm the mugs. I'm surprised USB coffee warmers are a thing, coffee and keyboards and me have a bit of a history.
M2 ..... especially with mug warmers that draw to much power ....
We have a 60 million dollars of bitcoin mainly mined with GPU video cards. To mine these coins has probably cost $40 million dollars in electricity – and came from coal fired power station.
An asic will reduce the waste of electricity and make it easier for everybody to mine
Anyway if BFL asic they only deliver half of what they promise it still will be the best value for money mining rig and most power efficient.
An asic will reduce the waste of electricity and make it easier for everybody to mine
Anyway if BFL asic they only deliver half of what they promise it still will be the best value for money mining rig and most power efficient.
I just realized these mug warmers will be a great gift for family and friends, along with an easy to use wallet like the one at blockchain.info.
screw that! "oh yea, it's a usb mug warmer. cool, huh?" *directs al lthe mining to MY wallet*
I'm surprised USB coffee warmers are a thing, coffee and keyboards and me have a bit of a history. 
if i were buying BFL FPGA's, yea. wasn't gonna. the modminer quad (especially running eldentyrell's bitstream) and the lancelot from ngzhang are the most interesting, personally. $1 for 1 mhash. 
Yeah... and I do recall reading that some of the other FPGA's were more power-friendly than the BFL ones too...If those suppliers have a quick turn-around time, might still be worth picking at least 1 up tho. Think there will be lots of time before the BFL ASIC's will be in anyone's hands... certainly not before the halving...
-- Smoov
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