Topic: BFL ASIC is bogus (Read 22392 times)
Enough BFL threads. The discussion became irrelevant on this thread's topic a long time ago. Locking thread.
If the FTC belived they had a solid consumer fraud case they would have taken BFL's website down not under temporary receivership. You can still go to their website and order miners so I don't believe this will end the way everyone, including the judge hearing the case, hopes it will. BFL's will be forced to pay a fine and their company will almost certainly not be disolved and they will be back up and running as soon as the case is decided. I know that sucks a fat one but ultimately the law is the law it's difficult to prove what people's intentions are/were.
Assuming your scenario comes true, who is going to continue doing business with Butterfly Labs in the future after their unscrupulous behavior has come to light ?Either way this FTC investigation shakes out, they are done for as a business. Consumer confidence has been (rightfully) utterly destroyed.
I suspect the FTC action is "just the tip" for what's to come.
They have a solid case.
They will reimburse whatever they recently got control of.
Sonny V. broke probation and is going to go to Jail. Do not pass go. Do not collect 200 bucks.
I think you might not realize the depth of the fraud and the potential for the IRS and FBI to be involved. The FTC is just the start.
That is funny. However besides that appointed receiver assuming command BFL appears to be unaffected. A judge has already said he believes there was foul play but due to lack of evidence and a star "silver tounged" witness for the defense was unable to give them the 24 months in jail they were facing. Who knew stealing multi millions of dollars would get you less jail time than stealing $1000 from a store or bank :/ so BFL may face a fine for the misuse of company funds charge but they won't get any jail time and the consumers they hustled will be lucky if they get the outdated cards they paid for but any financial settlement to customers is extremely unlikely.
Jail time for Sonny V.
FTC will refund people as much as they can given BFL made millions go poof in a cloud of smoke.
Cards? Really I think people that requested a refund months ago are glad this is over don't you?
There will be no more units shipped. Monarchs are dead for ROI. Refunds are the only way to recoup anything.
If the FTC belived they had a solid consumer fraud case they would have taken BFL's website down not under temporary receivership. You can still go to their website and order miners so I don't believe this will end the way everyone, including the judge hearing the case, hopes it will. BFL's will be forced to pay a fine and their company will almost certainly not be disolved and they will be back up and running as soon as the case is decided. I know that sucks a fat one but ultimately the law is the law it's difficult to prove what people's intentions are/were.
That is funny. However besides that appointed receiver assuming command BFL appears to be unaffected. A judge has already said he believes there was foul play but due to lack of evidence and a star "silver tounged" witness for the defense was unable to give them the 24 months in jail they were facing. Who knew stealing multi millions of dollars would get you less jail time than stealing $1000 from a store or bank :/ so BFL may face a fine for the misuse of company funds charge but they won't get any jail time and the consumers they hustled will be lucky if they get the outdated cards they paid for but any financial settlement to customers is extremely unlikely.
Jail time for Sonny V.
FTC will refund people as much as they can given BFL made millions go poof in a cloud of smoke.
Cards? Really I think people that requested a refund months ago are glad this is over don't you?
There will be no more units shipped. Monarchs are dead for ROI. Refunds are the only way to recoup anything.
That is funny. However besides that appointed receiver assuming command BFL appears to be unaffected. A judge has already said he believes there was foul play but due to lack of evidence and a star "silver tounged" witness for the defense was unable to give them the 24 months in jail they were facing. Who knew stealing multi millions of dollars would get you less jail time than stealing $1000 from a store or bank :/ so BFL may face a fine for the misuse of company funds charge but they won't get any jail time and the consumers they hustled will be lucky if they get the outdated cards they paid for but any financial settlement to customers is extremely unlikely.
No love for shills ITT.
Sure, I re-affirm it. Our devices would literally melt if they came in at 114w or more.
Thanks for reminding me... I think I have another bet for a more substantial amount with someone but bugger all if I remember who. I guess I will have to dig back in my posts.
What kind of FC package are you using? Not that I don't believe you, but it seems like 14W per chip shouldn't be that dangerous if you can keep the temperature at the interface reasonable. Or do you mean with the stock HS and fan in the case? Thanks for reminding me... I think I have another bet for a more substantial amount with someone but bugger all if I remember who. I guess I will have to dig back in my posts.
OOOOOOOOOOOOOOOOOOOOOOOH
It's on now ya'll!
It's on now ya'll!
Sure, I re-affirm it. Our devices would literally melt if they came in at 114w or more.
Thanks for reminding me... I think I have another bet for a more substantial amount with someone but bugger all if I remember who. I guess I will have to dig back in my posts.
Thanks for reminding me... I think I have another bet for a more substantial amount with someone but bugger all if I remember who. I guess I will have to dig back in my posts.
Quote
At 500:1 odds I, runeks, bet 2 BTC that the first line of ASIC-chips shipped by Butterfly Labs (ie. not any later series/revision) in their 'SC' line of products will have an efficiency of less than 350 Mhash/Joule. This figure pertains only to the chip itself, so any inefficiency in the power supply will allow for a higher power usage of the device in which the chip resides. So, power supply inefficiencies are excluded, but other components on the board that are required for the device to work will be included in the power efficiency measurement, as the power efficiency figure is irrelevant if the device - under ideal conditions - can't operate at that efficiency anyway.
At the odds of 500:1 that are in effect for this bet I will win 1000 BTC if I am correct (power efficiency is less 350 Mhash/Joule), and lose 2 BTC if I am incorrect (power efficiency is greater than or equal to 350 Mhash/Joule).
Power efficiency shall be measured over a 24 hour period.
Inaba, if you agree then quote this post and say you agree, or suggest a revision of the terms if you think I'm missing something or being unfair.
At the odds of 500:1 that are in effect for this bet I will win 1000 BTC if I am correct (power efficiency is less 350 Mhash/Joule), and lose 2 BTC if I am incorrect (power efficiency is greater than or equal to 350 Mhash/Joule).
Power efficiency shall be measured over a 24 hour period.
Inaba, if you agree then quote this post and say you agree, or suggest a revision of the terms if you think I'm missing something or being unfair.
I agree with this bet.
Happy new years from 2012 because this forum is 2 hours ahead of my local time so, hello from the past!
Also, ASICS are a conspiracy by reptilians to mine all the coins and reimburse the suckers that funded it with peanuts.
Also, ASICS are a conspiracy by reptilians to mine all the coins and reimburse the suckers that funded it with peanuts.
anyway just posting that so I can bump it next year with "I told you so."
It's 01.01.2013 00:16 CEST
Happy 2013 suckers!
I told you so.
+1
Happy New Year also
Happy New Year 
and he was right !
and he was right ! anyway just posting that so I can bump it next year with "I told you so."
It's 01.01.2013 00:16 CEST
Happy 2013 suckers!
I told you so.
If they had a rev 1 that performed they would have bragged about their working prototype. There is no prototype because they never had a working chip.
I believe the first story
I believe the first story
I think the bragging about it part is so true they even bragged with dummychips so ...
But time will tell and i am glad i have no money in ASIC as today....
I am still confused about halving day..yet excited en also 50% incom loss....
so now we will just be talking ASIC 
If they had a rev 1 that performed they would have bragged about their working prototype. There is no prototype because they never had a working chip.
I believe the first story
I believe the first story
Bumping, alas I told you so #1.
Fun fact numero uno: Nobody got asics before the block reward drop.
Fun fact numero uno: Nobody got asics before the block reward drop.
I guess in all technicality Tom and BFL did. Tom doesn't have PCBs to put them on from what I understand. And BFL rev1 ASICs were made but needed a change.
A white lie.
Nobody has proven the Riemann Conjecture either. I might have a proof around here somewhere.... Its only rev. 0.001 and has one error.
Bumping, alas I told you so #1.
Fun fact numero uno: Nobody got asics before the block reward drop.
Fun fact numero uno: Nobody got asics before the block reward drop.
I guess in all technicality Tom and BFL did. Tom doesn't have PCBs to put them on from what I understand. And BFL rev1 ASICs were made but needed a change.
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