BFL Announces 600GH/s 28nm PCIe Mining Card - page 3.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: NWO on August 17, 2013, 07:24:18 PM

The BFL scammers have opened new pre-orders when they haven't even completed their current crop of orders Cheesy

This is why it is wrong for them to do this. They opened started something, didn't finish it then start something else and not finish it either before starting a third set of BS preorders.

Essentially customer preorders are funding R&D for their next gen chips etc

Bullshit in my view.

Essentially this is how a ponzi scheme works. Find new investors to pay off old investors and the cycle continues until no more investors can be found or a large sums of existing investors pull their investment out which is what they can't do given "no refunds".

vulgartrendkill

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I`d like them to say

"this product isn`t ready yet, so pre orders will not be available"

Still, this is BFL. Imagine what a buch of these actually getting into peoples hands will do to difficulty.....

lajz99

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I love this: "Butterfly Labs has shipped more ASIC products than all competitors combined ".

What a bunch of BULLSHIT.

farlack

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I love the 1/4 cost, but better than their next best.

razorfishsl

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The page also Highlights WHY they are basically shipping nothing.......

Quote

Our facility in Kansas has the largest production capacity of all Bitcoin hardware manufacturers.

If 6-8 people is their Idea of a production facility... then I'd rather not be buying their product.

WAY more interesting is this:

Quote

Pre-Order Terms
Bitcoin, Dwolla or
Bank Transfer only

Basically anything that removes any consumer protection you might have had

Bicknellski

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Quote from: enmaku on August 17, 2013, 03:19:31 PM

It's call the "Monarch"

http://codinginmysleep.com/bfl-introduces-28nm-asic-and-its-a-pcie-card/

The Monarch is a poisonous butterfly so a great choice in name. AVOID IT.

Suggest that the community boycott this product and let BFL die and save everyone years of more drama and lost days hashing.

🏰 TradeFortress 🏰

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👻

What happened to BFL's hardware chips? Roll Eyes

LudwigDG

newbie

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BFL is probably not capable of getting new money / to many refund requests and that is why they are launching this new product. To make sure all the late orders are still keeping their money at BFL instead of pulling it out.

At the other hand if this product is launched and shipping then the 65nm chips will be worthless very soon and this monarch will be the best even money offer that they can make.

User705

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Forget about all the tech mumbo jumbo it all boils down to a very simple statement. By now most ASIC manufactures can self fund since they collected plenty of money over and above their costs on these 1st batches. Also they have plenty of information regarding hash rates, possible sales price points, wholesaler demands, consumer demands and prices they are willing to pay in relation to all the other factors, etc... So the only reason to do pre-orders now is because they think what they are getting now will be a lot more then what they possible can get if they simply built it and sold it as it is coming in. And that's the nice business version. The nasty version is we collect pre-order money build it and if it is worth more then what we collected we will sell a bunch out the back door or give out to friends and relatives first before starting to ship. I would love to hear a different argument.

crazyates

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Proposed question:

I pre-ordered multiple FPGA Single, and I received them all.

I pre-ordered multiple ASIC SCs, and I've received most of them. The rest were ordered later, and they haven't gotten to them yet.

I will admit that I was contemplating ordering from KNC or BitFury, but now I'll have to reevaluate that position.

Out of all the hardware being offered, this new Monarch's claimed specs seem to be the most profitable, and I don't imagine any new hardware coming along and changing that. (KNC is also 28nm, but it's not a full-custom chip. BitFury is a fully-custom chip, but it's only 45nm, not 28nm. Both are just starting to roll out, and neither has any units in customer's hands. Avalon or ASICMiner could die-shrink, but I don't think that will help. They'd have to redo everything to accommodate a larger, multiple-hashing-core design.)

So they have a spotty track record, but they've always delivered. They seem to have the best product for sale (or pre-order, depending on how you look at it). Why shouldn't I buy one? Or 10?

User705

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Quote from: razorfishsl on August 17, 2013, 07:11:39 PM

From the site...

Quote

Hey you Jerks, what are you doing announcing 28nm gear while you're still shipping 65nm? I want my Single

Quote

65nm products are shipping in great volume, but will be out of production long before the first 28nm Monarch cards are through development and ready to be shipped. If you haven't already received your 65nm product, you will very shortly. The ASIC engineering team finished 65nm development long ago and turned it over to production. Chip development is traditionally a 12 month process, so ASIC engineering teams have to be forward thinking in order to provide the best technology to the market. 28nm development began a long time ago. Please don't think that this means production of your singles ever lost a second of focus. They are different teams and we've put enormous resources into building our supply chain & production capacity. Nothing is more important than shipping your order as fast as possible.

Problem is.... IF you transfer your order, there is even less chance of getting your money back, because it adds another 3 months to the time since you paid.

So what another year of no shipping at all. Notice how the set-up for next round of excuses but we told you it will be really long time begins already on 1st day.

NWO

sr. member

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The BFL scammers have opened new pre-orders when they haven't even completed their current crop of orders Cheesy

razorfishsl

sr. member

Activity: 399

Merit: 250

From the site...

Quote

Hey you Jerks, what are you doing announcing 28nm gear while you're still shipping 65nm? I want my Single

Quote

65nm products are shipping in great volume, but will be out of production long before the first 28nm Monarch cards are through development and ready to be shipped. If you haven't already received your 65nm product, you will very shortly. The ASIC engineering team finished 65nm development long ago and turned it over to production. Chip development is traditionally a 12 month process, so ASIC engineering teams have to be forward thinking in order to provide the best technology to the market. 28nm development began a long time ago. Please don't think that this means production of your singles ever lost a second of focus. They are different teams and we've put enormous resources into building our supply chain & production capacity. Nothing is more important than shipping your order as fast as possible.

Problem is.... IF you transfer your order, there is even less chance of getting your money back, because it adds another 3 months to the time since you paid.

RChevalier

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I'm still in the process of trying to get a refund on my august 2012 order for a single. While there are those of you who have your products in hand, you are in the minority. For the rest of us, I think it's a matter of principle, and maybe a touch of spite even. People don't like being lied to and led on. Personally, it's gonna take something extraordinary for me to consider buying another BFL product again. Especially now, with other options available.

razorfishsl

sr. member

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Yep last time we didn't give you a reach round...
But for a paltry 10% they are now available.

aoshea

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Xian01

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Christian Antkow

Quote from: OmegaNemesis28 on August 17, 2013, 03:34:05 PM

Anyone who falls for this is fucking out of their mind.

crazyates

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Quote from: John Self on August 17, 2013, 04:54:55 PM

Have they shipped anything yet?

Uhh, fuck ya. People all over these forums have their ASICs, from the 5GH/s Jalapenos to the 500GH/s MRs. I've gotten 3 different units already.

John Self

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Have they shipped anything yet?

Justin00

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★YoBit.Net★ 350+ Coins Exchange & Dice

Im not into mining and don't care to discuss the negatives about BFL but that card looks pretty cool. I'd def be getting a few of them (even if they were slower) if I was into mining.

Topic: BFL Announces 600GH/s 28nm PCIe Mining Card - page 3. (Read 5669 times)