BFL Monarch, in the Cloud.. (600GHs) - page 2.

philipma1957

legendary

Activity: 4172

Merit: 8075

'The right to privacy matters'

Quote from: zcline on July 02, 2014, 04:19:37 PM

What a mess, I feel terrible for people that lost their money to this company. Yes, it is lost, getting 600gh at this point is a joke. It's an expensive but very important lesson we can all learn from. My guess is BFL has no choice but to scam their customers at this point. I doubt they have the money left to provide refunds.

not to defend bfl. as they have not done well by me,but 600gh hashing will earn something maybe 1 coin.
still looks like a big loss.

zcline

newbie

Activity: 25

Merit: 0

What a mess, I feel terrible for people that lost their money to this company. Yes, it is lost, getting 600gh at this point is a joke. It's an expensive but very important lesson we can all learn from. My guess is BFL has no choice but to scam their customers at this point. I doubt they have the money left to provide refunds.

guitarplinker

legendary

Activity: 1694

Merit: 1024

You probably won't ever see your initial investment back, but at least you have 600GH/s mining for you right now that is hosted and looks like it has excellent uptime.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: InwardContour on June 30, 2014, 11:03:57 PM

Quote from: DrG on June 30, 2014, 01:45:45 AM

Quote from: InwardContour on June 30, 2014, 12:00:26 AM

Quote from: ALToids on June 27, 2014, 06:05:32 AM

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped. FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500. You can buy 3 S1s for $500 that do the same thing.

There have been several articles/reports that BFL would use their customer's miners to mine at their pool for their own account. It is almost like they were secretly charging their customers higher prices in the form of delayed shipments.

That's last year's news (which sadly is repeated this year).

I think the issue smoothie brought up is why cloud mine 600GH/s for a customer when they could ship the device. The reason being that they don't have a device doing 600, or if they do it's not a Monarch (might even be a KNC Jup they bought second hand). They could have some Neptunes and have a program to split the hashes between different accounts, allocating 600GH/s worth of WU to each account - which is most likely what is happening.

They probably did this to commit the customer to the purchase rather than acknowledging that they should refund the pre-order.

I don't think it is the fact that they don't have a 600 GHs device, it is that the device is not as efficient in terms of electric usage as what they advertised. The delays have essentially made it so the machines might have ROI to they will def not every come anywhere near to ROI

Trust me, their efficiency is not the issue this time (that was the 2013 failed promise). The issue currently is their boards are pulling too much power and burning out. Apparently their engineers at the zoo are busy throwing poo.

BFL advertised a 600GH/s device. Unlike their last go around they can't just give you smaller units like they did with the minirig. Most people only have 1 PCIe slot per machine that could handle that much heat. So they are forced to try to cram 600GH/s onto a PCIe card. It is doable if done by professional. But BFL would have to find some professionals since they can't even handle their own PR mascot correctly.

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: DrG on June 30, 2014, 01:45:45 AM

Quote from: InwardContour on June 30, 2014, 12:00:26 AM

Quote from: ALToids on June 27, 2014, 06:05:32 AM

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped. FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500. You can buy 3 S1s for $500 that do the same thing.

There have been several articles/reports that BFL would use their customer's miners to mine at their pool for their own account. It is almost like they were secretly charging their customers higher prices in the form of delayed shipments.

That's last year's news (which sadly is repeated this year).

I think the issue smoothie brought up is why cloud mine 600GH/s for a customer when they could ship the device. The reason being that they don't have a device doing 600, or if they do it's not a Monarch (might even be a KNC Jup they bought second hand). They could have some Neptunes and have a program to split the hashes between different accounts, allocating 600GH/s worth of WU to each account - which is most likely what is happening.

They probably did this to commit the customer to the purchase rather than acknowledging that they should refund the pre-order.

I don't think it is the fact that they don't have a 600 GHs device, it is that the device is not as efficient in terms of electric usage as what they advertised. The delays have essentially made it so the machines might have ROI to they will def not every come anywhere near to ROI

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: smoothie on June 30, 2014, 03:52:37 AM

Quote from: xstr8guy on June 29, 2014, 08:39:24 PM

Quote from: smoothie on June 29, 2014, 08:10:13 PM

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

He's mining on Eligius with cloudhashing provided by BFL. I'm mining with my BFL cloudhashing compensation on BTCGuild. Please explain how BFL can "simulate" non-affiliated pools accepting shares from mining equipment that doesn't really exist? Obviously BFL has access to real mining hardware or it wouldn't be possible.

Tell me how it makes sense if they have the hardware to mine bitcoins for their customers in the cloud that they couldn't just ship the hardware to their customers?

Apparently BFL is mining with substandard monarchs that don't meet the advertised specs.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: xstr8guy on June 29, 2014, 08:39:24 PM

Quote from: smoothie on June 29, 2014, 08:10:13 PM

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

He's mining on Eligius with cloudhashing provided by BFL. I'm mining with my BFL cloudhashing compensation on BTCGuild. Please explain how BFL can "simulate" non-affiliated pools accepting shares from mining equipment that doesn't really exist? Obviously BFL has access to real mining hardware or it wouldn't be possible.

Tell me how it makes sense if they have the hardware to mine bitcoins for their customers in the cloud that they couldn't just ship the hardware to their customers?

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

The existing hardware still isn't even performing at this rate so I suspect it's a mock up of the total hashrate, so I guess you should be happy.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: InwardContour on June 30, 2014, 12:00:26 AM

Quote from: ALToids on June 27, 2014, 06:05:32 AM

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped. FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500. You can buy 3 S1s for $500 that do the same thing.

There have been several articles/reports that BFL would use their customer's miners to mine at their pool for their own account. It is almost like they were secretly charging their customers higher prices in the form of delayed shipments.

That's last year's news (which sadly is repeated this year).

I think the issue smoothie brought up is why cloud mine 600GH/s for a customer when they could ship the device. The reason being that they don't have a device doing 600, or if they do it's not a Monarch (might even be a KNC Jup they bought second hand). They could have some Neptunes and have a program to split the hashes between different accounts, allocating 600GH/s worth of WU to each account - which is most likely what is happening.

They probably did this to commit the customer to the purchase rather than acknowledging that they should refund the pre-order.

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: ALToids on June 27, 2014, 06:05:32 AM

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped. FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500. You can buy 3 S1s for $500 that do the same thing.

There have been several articles/reports that BFL would use their customer's miners to mine at their pool for their own account. It is almost like they were secretly charging their customers higher prices in the form of delayed shipments.

xstr8guy

hero member

Activity: 784

Merit: 1004

Glow Stick Dance!

Quote from: smoothie on June 29, 2014, 08:10:13 PM

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

He's mining on Eligius with cloudhashing provided by BFL. I'm mining with my BFL cloudhashing compensation on BTCGuild. Please explain how BFL can "simulate" non-affiliated pools accepting shares from mining equipment that doesn't really exist? Obviously BFL has access to real mining hardware or it wouldn't be possible.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

data55

member

Activity: 112

Merit: 10

Quote from: DrG on June 27, 2014, 01:19:01 AM

Even better. I ordered a SC Single from them on 6/22/2012 for 209 BTC. It arrived 53 weeks later in 2013. I was able to mine a total of 17BTC until I shut them off earlier this month. A loss of 192BTC.

Never order anything from BFL... not even a coffee mug.

Ouch that hurt me just reading it! Sorry for your loss man. Cry

ALToids

hero member

Activity: 519

Merit: 500

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped. FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500. You can buy 3 S1s for $500 that do the same thing.

QuiveringGibbage

hero member

Activity: 617

Merit: 543

http://idontALT.com

I guess i should post the rest of the email before people draw too many conclusions..

Code:

Dear Jason,

Thanks for being a Butterfly Labs customer. Your patience and loyalty are 
greatly appreciated.

While we wait for the 1TH revision of the PCB to make it through manufacturing, 
we have a supply of boards that do not meet the desired specs and thus are not 
suitable to be shipped directly to customers. However, with this limited 
quantity of boards, we can deliver processing power remotely to some customers.

Although we are under no legal obligation to do so, as a courtesy to customers 
who have been waiting the longest, we will provision these boards in a hosted 
environment (BFL Cloud Mining facilities), equal to the original processing 
power you ordered. Cloud Mining will be deployed in queue order and since you 
are receiving this email, you are eligible at no cost to you (we pick up the tab 
for hosting and electricity). Once the new 1TH boards arrive and assembly and 
delivery has begun, we will ship your full original order plus previously 
announced upgrade, and free Cloud Mining will be terminated.

If you are interested in receiving Cloud Mining while we wait for board 
revisions, click the link below to activate your free temporary Cloud Mining 
account.

Activate Cloud Mining 


BFL Cloud Mining

Quote from: Chopperman on June 26, 2014, 08:16:38 PM

Question: Did you decide to post about it on this forum from your own idea or did BFL ask you to post about it??
Chopperman wonders because BFL asked early 65nm customers to post when their order came, and many did.

my own idea.

QG

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Syke on June 27, 2014, 12:29:51 AM

Quote from: QuiveringGibbage on June 26, 2014, 07:12:25 AM

http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW
http://i.imgur.com/7pvnzcXl.png
"... a courtesy to customers who have been waiting the longest, we will provision these boards in a hosted environment (BFL Cloud Mining facilities), equal to the original processing power you ordered. ..." - BFL Cloud Mining

BFL delivered me a cloud..?!

QG

EDIT: You can find pictures of my real physical miners here: http://imgur.com/a/mRbMZ

BTC was at about $100 when you ordered, making your order cost nearly 50 BTC. Now you can earn back .02 BTC per day (and dropping), making your RoI 2500 days assuming no further difficulty increases. Ouch!

Even better. I ordered a SC Single from them on 6/22/2012 for 209 BTC. It arrived 53 weeks later in 2013. I was able to mine a total of 17BTC until I shut them off earlier this month. A loss of 192BTC.

Never order anything from BFL... not even a coffee mug.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: QuiveringGibbage on June 26, 2014, 07:12:25 AM

http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW
http://i.imgur.com/7pvnzcXl.png
"... a courtesy to customers who have been waiting the longest, we will provision these boards in a hosted environment (BFL Cloud Mining facilities), equal to the original processing power you ordered. ..." - BFL Cloud Mining

BFL delivered me a cloud..?!

QG

EDIT: You can find pictures of my real physical miners here: http://imgur.com/a/mRbMZ

BTC was at about $100 when you ordered, making your order cost nearly 50 BTC. Now you can earn back .02 BTC per day (and dropping), making your RoI 2500 days assuming no further difficulty increases. Ouch!

Chopperman

member

Activity: 68

Merit: 10

Quote from: QuiveringGibbage on June 26, 2014, 07:12:25 AM

http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW

"... a courtesy to customers who have been waiting the longest, we will provision these boards in a hosted environment (BFL Cloud Mining facilities), equal to the original processing power you ordered. ..." - BFL Cloud Mining

BFL delivered me a cloud..?!

QG

EDIT: You can find pictures of my real physical miners here: http://imgur.com/a/mRbMZ

Question: Did you decide to post about it on this forum from your own idea or did BFL ask you to post about it??
Chopperman wonders because BFL asked early 65nm customers to post when their order came, and many did.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

lol deliver a cloud...almost the equivalent of delivering air! Cheesy

emu512

newbie

Activity: 28

Merit: 0

BFL still has issues like before.I wonder if they will ever ship on time with quality hardware.

Topic: BFL Monarch, in the Cloud.. (600GHs) - page 2. (Read 4513 times)