So, 2 days for the chips to arrive, amirite?
I wouldn't hold your breath.
Topic: [Archive] BFL trolling museum - page 59. (Read 69394 times)
I wouldn't hold your breath.
So, 2 days for the chips to arrive, amirite?
In related speculation thread people screaming on me, proving this scam will not have impact on price. Hehehe
Another variant.
1. Make money on fpga sales
2. Research ASIC technology for that money
3. Open pre-orders, pre-payments
4. Receive 100500 chips from China
5. Get 100500 THashes in chips, say goodbye to all
6. Mine to the end of life on Bahamas
Btw, did anyone sign any legit contract for landing them money for months?
1. Make money on fpga sales
2. Research ASIC technology for that money
3. Open pre-orders, pre-payments
4. Receive 100500 chips from China
5. Get 100500 THashes in chips, say goodbye to all
6. Mine to the end of life on Bahamas
Btw, did anyone sign any legit contract for landing them money for months?
You seem to be missing some steps..
7. Everyone leaves Bitcoin
8. The value of a Bitcoin plummets to 0
9. Mining is suddenly 100% worthless
Another variant.
1. Make money on fpga sales
2. Research ASIC technology for that money
3. Open pre-orders, pre-payments
4. Receive 100500 chips from China
5. Get 100500 THashes in chips, say goodbye to all
6. Mine to the end of life on Bahamas
Btw, did anyone sign any legit contract for landing them money for months?
1. Make money on fpga sales
2. Research ASIC technology for that money
3. Open pre-orders, pre-payments
4. Receive 100500 chips from China
5. Get 100500 THashes in chips, say goodbye to all
6. Mine to the end of life on Bahamas
Btw, did anyone sign any legit contract for landing them money for months?
2) but they will ask to send them singles not far in future
I sincerely hope so. 4. Receive 100 FPGA back, send them to other 100 ppl
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
2 problems with this:
1) BFL has stopped selling the old FPGA Singles, and AFAIK, they don't have any outstanding orders.
2) BFL hasn't received any FPGA Singles to count towards the ASICs. I myself have an upgrade from a Single to a SC Single, but I'm still hashing away on the FPGA Single until the actual hardware is released.
2) but they will ask to send them singles not far in future
Won't they also give you like a week ahead of time to ship your FPGA before they start shipping ASICs? I believe the BTC collateral was more for international customers where 7 days may not be enough time to ship your FPGA to them without costing an arm and a leg.
Yep, they've said they'll give at least a week's notice which is why that should be a good indication that shipping is actually imminent.
It was my impression that you do NOT need to send them any coins to get your upgrade. If you wanted to send them coins as collateral for your upgrade while you ship the old Single back, you can.
No, you don't need to but they won't ship your ASIC until they receive your FPGA if you don't (they obviously don't trust users as much as they expect users to trust them).It was my impression that you do NOT need to send them any coins to get your upgrade. If you wanted to send them coins as collateral for your upgrade while you ship the old Single back, you can.
No, you don't need to but they won't ship your ASIC until they receive your FPGA if you don't (they obviously don't trust users as much as they expect users to trust them).
I didn't even know that I could send them an equivalent amount. This must have been some option that came up recently. I just assumed that when my order was ready I 'd have to send in my FPGA.
Here you go.
Quote
We plan on giving at least a weeks notice. If you want to send us BTC as a deposit while we ship your ASICs, we will do that as well and then refund you back the BTC when we receive the FPGA unit.
https://forums.butterflylabs.com/bfl-forum-miscellaneous/606-shipping-back-fpgas.html
This is why no-one's going to believe delivery of BFL ASICs is imminent until Josh tells people to start sending back their FPGAs.
I believe you meant sending BTC, not the FPGAs, a fair option so that no mining time is lost.
2) BFL hasn't received any FPGA Singles to count towards the ASICs. I myself have an upgrade from a Single to a SC Single, but I'm still hashing away on the FPGA Single until the actual hardware is released.
I know it's been mentioned recently that people are going to need to send BFL an amount equivalent to the value of their FPGA if the want their ASIC shipped before they return their existing hardware, but I'm curious about whether buyers assumed from the outset that this is how upgrades would work.I didn't even know that I could send them an equivalent amount. This must have been some option that came up recently. I just assumed that when my order was ready I 'd have to send in my FPGA.
Here you go.
Quote
We plan on giving at least a weeks notice. If you want to send us BTC as a deposit while we ship your ASICs, we will do that as well and then refund you back the BTC when we receive the FPGA unit.
https://forums.butterflylabs.com/bfl-forum-miscellaneous/606-shipping-back-fpgas.html
This is why no-one's going to believe delivery of BFL ASICs is imminent until Josh tells people to start sending back their FPGAs.
2) BFL hasn't received any FPGA Singles to count towards the ASICs. I myself have an upgrade from a Single to a SC Single, but I'm still hashing away on the FPGA Single until the actual hardware is released.
I know it's been mentioned recently that people are going to need to send BFL an amount equivalent to the value of their FPGA if the want their ASIC shipped before they return their existing hardware, but I'm curious about whether buyers assumed from the outset that this is how upgrades would work.
I didn't even know that I could send them an equivalent amount. This must have been some option that came up recently. I just assumed that when my order was ready I 'd have to send in my FPGA.
Good profit ponzi scheme
Having: 100 FPGA and 200 ppl wiling to buy it.
1. Sell 100 FPGA to 100 ppl
2. Announce super-puper ASIC
3. Accept pre-payment, offer FPGA -> ASIC upgrade
4. Receive 100 FPGA back, send them to other 100 ppl
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
...
PROFIT: 100 FPGA + 200 FPGA payments + over 200 ASIC payments
Having: 100 FPGA and 200 ppl wiling to buy it.
1. Sell 100 FPGA to 100 ppl
2. Announce super-puper ASIC
3. Accept pre-payment, offer FPGA -> ASIC upgrade
4. Receive 100 FPGA back, send them to other 100 ppl
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
...
PROFIT: 100 FPGA + 200 FPGA payments + over 200 ASIC payments
Simpler scheme:
1. Announce ASIC and take pre orders
2. ??
3. Profit
2) BFL hasn't received any FPGA Singles to count towards the ASICs. I myself have an upgrade from a Single to a SC Single, but I'm still hashing away on the FPGA Single until the actual hardware is released.
I know it's been mentioned recently that people are going to need to send BFL an amount equivalent to the value of their FPGA if the want their ASIC shipped before they return their existing hardware, but I'm curious about whether buyers assumed from the outset that this is how upgrades would work.
I wonder why 
Yeah, the trade-in program doesn't work like that and as was already mentioned, that big orange bar is the EclipseMC pool run by Inaba/BFL Josh. It's been one of the largest pools since before Josh had any connection to BFL.
4. Receive 100 FPGA back, send them to other 100 ppl
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
2 problems with this:
1) BFL has stopped selling the old FPGA Singles, and AFAIK, they don't have any outstanding orders.
2) BFL hasn't received any FPGA Singles to count towards the ASICs. I myself have an upgrade from a Single to a SC Single, but I'm still hashing away on the FPGA Single until the actual hardware is released.
Good profit ponzi scheme
Having: 100 FPGA and 200 ppl wiling to buy it.
1. Sell 100 FPGA to 100 ppl
2. Announce super-puper ASIC
3. Accept pre-payment, offer FPGA -> ASIC upgrade
4. Receive 100 FPGA back, send them to other 100 ppl
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
...
PROFIT: 100 FPGA + 200 FPGA payments + over 200 ASIC payments
Not near as much profit as actually running a legitimate business, funnily enough. Which is why BFL is running a legitimate business, not a ponzi scheme. Having: 100 FPGA and 200 ppl wiling to buy it.
1. Sell 100 FPGA to 100 ppl
2. Announce super-puper ASIC
3. Accept pre-payment, offer FPGA -> ASIC upgrade
4. Receive 100 FPGA back, send them to other 100 ppl
5. Offer them update, take money
6. Receive back 100 FPGA, dissapear
...
PROFIT: 100 FPGA + 200 FPGA payments + over 200 ASIC payments
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