Topic: [Archive] BFL trolling museum - page 60. (Read 69394 times)

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

I'm confused as to what you're trying to imply. You do know that Inaba maintains a pool (that has nothing to do with BFL)? https://bitcointalksearch.org/topic/1200-th-emc-0-fee-dgm-anonymous-pps-us-eu-servers-no-registration-16385

Yeah, the first half of the first batch is supposed to sum up to 6Th/s, with the second half being another 6TH/s.

After that it's on to full wafer production to scale up to 50Th/s (or beyond), which I'm speculating has already been set into motion.  I would at this point if I were them.

From memory, they way they did this run was to fully complete half the chips in the batch - so there's already a similar amount of chips which is half-way through production and which now only need the second half of layers added (because they know the first lot worked they don't need to make any changes to the process).

By the way, the posts above are talking about ASICMiner, not BFL.

BFL is still in a holding pattern for the next delay (very likely IMO).

Presumably that means they have now given the go-ahead to make of a new maskset for full-wafer production, in order to reach their planned 50TH/s capacity.

If these ASIC vendors don't get their production moving along quickly, we may see a significant (> 50%) consolidation of network hashing power.

Whether it's abused or not, the mere potential will undermine confidence in the security of the network and the currency it supports, IMO.

Just gonna drop this here:

Yes, the speculation reference was about you, but not the second one about the cry-babies posting open questions about the status of their pre-orders, complaining loudly that someone has scammed them and it was not their fault for making the mistake of placing the pre-order (well, if they understand the difference between an order and a pre-order)...

"Mom, honestly, I am going to pay the money that I borrowed from you back, I promise...If it was not of these bad guys at XXX and YYY and ZZZ that took my money, I did not read the fine print, there must be a contract that I've entered into with them when I placed that order, they let me believe that they promise to send me the product before the reward-halving-day, if they had, I could have made a killing before Christmas, but now they scammed me, and I hate them, and I want to see them dead, and where is my product, but I also want to keep my pre-order in, just in case they are not as bad as I thought they were and they eventually deliver, and if I cancel my pre-orders now, I would see others making the killing and I will look even bigger looser to my friends, boo-hoo!"

I hope the speculation crack wasn't at me. I worked out what I could have made. Actually far less I am sure with the patterns and the like. Just a flat difference from when I wanted to order a single and where I am now. December of 2011 to Jan 2013. Several doubles in there etc.

I wasn't dissapointed. I just noted what I could have made. Realistically I could have made nothing or lost money in the same period. I could have made more in the New years 2012 doubling sold blah blah blah.... and made more that way.

I wasn't even surpised. I knew the numbers, the time frame and what I actually made. Now I could have placed my order in december 2011 as well and made some more coin in the dec 2011 to jan 2013 period. I didn't. I waited until a product shipped and people had them. Was it safer, sure. Did I do ok, You bet. Did I lose anything, not at all. I could have made more many different ways. The price to difficulty ratio was far better then I calculated for my worse case scenerio so far.

My point was I didn't view my purchase of hardware as an investment. I didn't view my XBOX 360 as one or a TV. Sure they could be concidered that way. To me I paid for a piece of hardware. Unlike other hardware I have owned over the years this one paid me for using it. I didn't invest in the hardware I purchased it was my point. At the end of the day I have made some bitcoins, have a hashing unit, and am happy with where I am.

@jddebug, you've got it right!

I meant long term ROI.

Let me give a first hand experience example. I start mining with GPUs in June 2011. My friend joined with his GPU farm in October 2011. I've calculated the ROI when we switched off our farms in September 2012. There was not a concernable difference in the rate of BTCs mined over the same period by two different GPU farms with two different hashing capacities. Sure, the value of Bitcoin varied greatly over that period, and we earned different number of BTC, but that was to be expected. That's what the hoarding is about, (hoping) to hedge the value of BTC. But then I also speculated, first on Tradehill, and then on Mt.Gox. Over the same period of time, I've made more money speculating that mining.

Someone mentioned earlier how disappointed he was for not speculating and deciding to buy FPGA equipment instead and mine with it. That's what ordinary people do - they either mine or speculate. The brighter ones do both - when it makes sense to do so - and swiftly move their riches across the network, causing secondary effect on the Bitcoin network, multiple transactions. And the most bright ones do that even better - they do not leave it to the last day to decide what to do, but prepare themselves well in advance, set themselves to be ready to seize each opportunity as it presents itself.

But one thing for sure, they do not make fools of themselves by posting publicly that they've placed a pre-order with a new-start-up company that has a proven track-record of missing their delivery times, but now it comes as a huge surprise to them that the products they desperately needed at a certain time has not been shipped, or has not been even produced. Oh, what a shame!

To those, here is a message from me - show some respect to the trolls, stop feeding them with rubbish! And if you feel you've made a mistake, take it like a man, learn from it, but do not try to find someone else to blame it on. You are not the first one who has lost something and you are not going to be the last one. Live with it.

I haven't heard anything racist on any of these threads, really.  Usually when someone says racist, they're just stepping in it themselves    Any examples, mem? 

Colour me surprised.


No no no smoothie, Inaba has also been busy making generalized racist comments regarding the Chinese.
Dont minimize his efforts, its a lot of work being a massive cock hole like Inaba is on a daily basis.


How about a nice racist rant from Inaba ? would that suffice.
Maybe a childish tantrum in the form of a wall of text ?
Why not a few shills to say your an idiot for not having blind faith in Inaba ?
Possibly you would be satisfied with some insulting arrogance directed at you ?......

if not, why even bother with this man child, Inaba is BFL's lightning rod - he is here to draw your very real concerns away from the convicted ex con Sonny and their numerous unanswered questions surrounding this dodgy company.


Thats Inaba in a nutshell, all noise and zero content.


Most likely they dont exist in working state or at all.

I brought that up @ BFL,about the march 1st tradein expiration date.Josh said he will try to extend it,they ought to,it wasn't our (customers) fault that the devices weren't ready in oct/nov 

That alone would be a nice surprise to get 8 weeks more at least to tradein the Ole Singles 

https://forums.butterflylabs.com/bfl-forum-miscellaneous/606-shipping-back-fpgas.html#post9086

That's good to know, though it looks like I will be preordering sooner than March 1st.

Am I the only one that senses (sees) some potential there ......

Nope,you gotta send BTC in to cover your FPGA for them to ship the ASIC first,otherwise you send your FPGA in then get your ASIC 

https://forums.butterflylabs.com/bfl-forum-miscellaneous/606-shipping-back-fpgas.html

I read somewhere that they ship your ASIC and when u recieved it (working
; if ever; after 4-6weeks;)) you are supposed to send it in.

I would advise nobody to send their precious fpga first   .....

Given that BFL has neither flown the two guys out to inspect their production facilities or notified FPGA customers that they should send in their units for upgrade yet I don't think you can expect much "good news sometime during the week of the 13th (probably before that, though)."