Topic: BFL Monarch, in the Cloud.. (600GHs) (Read 4544 times)
this are 4 numbers you should know about BFL:
https://www.fairlay.com/event/category/bitcoin/butterflylabs/
https://www.fairlay.com/event/category/bitcoin/butterflylabs/
so... looks like the Cloud is unstable:
http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW
QG
http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW
QG
While I agree with Searing, you have to wonder what will happen WHEN (not if) BFL goes bankrupt. Clearly it's not a shock to them that so many people hate the company. Their forums magically go down for a couple days and posts critical of them are thoroughly expunged.
If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
I don't think there is very much risk of them going bankrupt. The cost to produce the miners is very small, their major expense is R&D. I would expect everyone to receive the miners they ordered and paid for eventually. The key work is eventually as the miners will be worth much less by the time they are received. If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
going bankrupt is the end game plan by BFL..let BFL corp take the fall .show all nice paid recipts to internal company mining pool (hey legal even if equip gotten before us) and personal miners (also legal testing by employees) also salaries inflated other personal assets loans to them that will get wiped when BFL goes down
if they planned this correctly they will be protected by BFL corp taking the fall and be golden
and you don't have to tell me about class action suits my pension fund which went bankrupt 'day trading' my fund (was a AAA fund scudder flag was the name) I lost 14,000 usd
got a class action check from gov't and etc for 10.38 usd framed it check is still attached life lesson
so yeah BFL is probably gonna walk and Josh will stay rich ..it is an unfair world (and BCP19 will get 99 weeks of extened unemployment to yell that BFL an't so bad on these forums
when he loses his job at BFL he has stated he works for)
the fickle finger of fate having 'f*c*ed" moves on!
http://www.youtube.com/watch?v=aYG6L9jcFOE
Searing
not saying they are smart enough to pull this off but I'd have taken all this 'not suitable too hot chips equip" for the monarch and sold it to EMC the sep
PH mining farm BFL owns..and equip sold in house to investors/individuals and or GH hosting etc on the same claim....
they had to get some kinda $$$ to keep the doors open for 10 months w/o shipping a monarch
so imho BFL is now a shell corp to take the fall in bankruptcy to shield the investors/etc personal miners/assets and EMC the mining pool
from personal $$$ loses...that is why you make a corp so they can't come after your stuff if it all goes boom
if they did it right they could again claim they used equip (not suitable too hot chips) for the monarch products (like that 1st batch
of monarch chips too hot to coold not up to speck where did they go..EMC i bet)
they can just sigh and claim that the monarch was too ambitious the stuff to EMC (paid recipts ) was a way to keep the doors
open alas BFL the corp is going bankrupt
they have an end game this is the only one I can see if they are smart enough which is doubtful ...but hey .it is not like
anybody has stopped BFL from getting its way yet!
they likely are too dumb thought they could get away with such stunts and mine and not get caught with EMC in the mix
and actually get a working monarch to get them out of this say last feb/march
I see no other way for them to either 1) not go to jail or 2) not get their personal assets seized
only play I can see BFL is toast takes the hit on all legal/$$$ stuff ...firewalled EMC and personal assets protected
they walk rofllao at all us suckers
Searing
While I agree with Searing, you have to wonder what will happen WHEN (not if) BFL goes bankrupt. Clearly it's not a shock to them that so many people hate the company. Their forums magically go down for a couple days and posts critical of them are thoroughly expunged.
If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
I don't think there is very much risk of them going bankrupt. The cost to produce the miners is very small, their major expense is R&D. I would expect everyone to receive the miners they ordered and paid for eventually. The key work is eventually as the miners will be worth much less by the time they are received. If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
going bankrupt is the end game plan by BFL..let BFL corp take the fall .show all nice paid recipts to internal company mining pool (hey legal even if equip gotten before us) and personal miners (also legal testing by employees) also salaries inflated other personal assets loans to them that will get wiped when BFL goes down
if they planned this correctly they will be protected by BFL corp taking the fall and be golden
and you don't have to tell me about class action suits my pension fund which went bankrupt 'day trading' my fund (was a AAA fund scudder flag was the name) I lost 14,000 usd
got a class action check from gov't and etc for 10.38 usd framed it check is still attached life lesson
so yeah BFL is probably gonna walk and Josh will stay rich ..it is an unfair world (and BCP19 will get 99 weeks of extened unemployment to yell that BFL an't so bad on these forums
when he loses his job at BFL he has stated he works for)
the fickle finger of fate having 'f*c*ed" moves on!
http://www.youtube.com/watch?v=aYG6L9jcFOE
Searing
Well that's the same crap that General Motors tried to pull with the recent car recalls and lawsuits from death. They stated that the current GM is not responsible because the old GM was responsible and they are a new company. Feel like buying GM?
BFL will try to keep EMC and their private farms as separate from this shell game. A good corporate lawyer or AG can easily dispatch that - time will tell.
BFL will try to keep EMC and their private farms as separate from this shell game. A good corporate lawyer or AG can easily dispatch that - time will tell.
As Searing said BFL's end game is to file brankruptcy and hope they can just say sorry we failed. They will have to cook the books and make it look like they paid for parts and fabrication when in fact they would be sending payment to themselves and could easily purchase some BTC and hide it from investigators.
As noted by Searing's paltry $10 check, the compensation will not be worth it. Knowing Josh can never drop a bar of soap is what the customers should be hoping for.
As noted by Searing's paltry $10 check, the compensation will not be worth it. Knowing Josh can never drop a bar of soap is what the customers should be hoping for.
If they were smart (doubtful) everything that went early to a big ph farm investor (say 65mm chips to them first) or to the eclipse PH farm (sep corp)
would all be noted..verified and paid at the time they 'bumped us in line' to get the equip first.....ie it ran to hot for consumer use only could be used
in a data center thus we sold it to eclipse or to our employees for personal use etc
they likely an't that smart but if the corp takes the fall and you really did simply get stuff as an insider as an employee or investor and have records to
show you paid etc the correct prices...with a little book shuffling would be hard to tell if fraud or just an attempt to keep the bfl corp as a working
business in that they (at the time) could say 'we have not moved a product for 10-12 months and could not get the monarch to work for consumers
so this was our fudge plan...see sold to PH farms and eclipse but all on the up and up cause needed revenue to keep doors open to finish consumer
products etc
likely they an't that smart (now KNC said they were not gonna make modules to let their users mine from nov to feb w/o driving difficulty up..but they
were really using $$ made from 28mm jupiter/saturn sales to build a big PH farm (also diff corp) and paid etc..but was internal and not offered to
t he public...flat out lied...w/o any consequences
anyway they 'could' pull something like this and claim they needed to due to ineptness in getting a product out and desperate
but likely they are not smart enough to have done so...just saying this is my 'end game' nightmare ..i get on here one day and they settle for some $$$
keep eclipse and all personal assets w/o having to claim any fraud/etc and bankrupt BFL and walk roflao at us ..their supposed customers
again I got a refund not sure why I get so wound up......must be PTSD from the 1 year and 20 day wait and mind games
but yeah again they likely are too stupid to pull the above off (I mean they have Josh as a spokesperson) but my nightmare vision of BFL walking and
getting away with it
Searing
As Searing said BFL's end game is to file brankruptcy and hope they can just say sorry we failed. They will have to cook the books and make it look like they paid for parts and fabrication when in fact they would be sending payment to themselves and could easily purchase some BTC and hide it from investigators.
As noted by Searing's paltry $10 check, the compensation will not be worth it. Knowing Josh can never drop a bar of soap is what the customers should be hoping for.
As noted by Searing's paltry $10 check, the compensation will not be worth it. Knowing Josh can never drop a bar of soap is what the customers should be hoping for.
While I agree with Searing, you have to wonder what will happen WHEN (not if) BFL goes bankrupt. Clearly it's not a shock to them that so many people hate the company. Their forums magically go down for a couple days and posts critical of them are thoroughly expunged.
If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
I don't think there is very much risk of them going bankrupt. The cost to produce the miners is very small, their major expense is R&D. I would expect everyone to receive the miners they ordered and paid for eventually. The key work is eventually as the miners will be worth much less by the time they are received. If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
going bankrupt is the end game plan by BFL..let BFL corp take the fall .show all nice paid recipts to internal company mining pool (hey legal even if equip gotten before us) and personal miners (also legal testing by employees) also salaries inflated other personal assets loans to them that will get wiped when BFL goes down
if they planned this correctly they will be protected by BFL corp taking the fall and be golden
and you don't have to tell me about class action suits my pension fund which went bankrupt 'day trading' my fund (was a AAA fund scudder flag was the name) I lost 14,000 usd
got a class action check from gov't and etc for 10.38 usd framed it check is still attached life lesson
so yeah BFL is probably gonna walk and Josh will stay rich ..it is an unfair world (and BCP19 will get 99 weeks of extened unemployment to yell that BFL an't so bad on these forums
when he loses his job at BFL he has stated he works for)
the fickle finger of fate having 'f*c*ed" moves on!
http://www.youtube.com/watch?v=aYG6L9jcFOE
Searing
While I agree with Searing, you have to wonder what will happen WHEN (not if) BFL goes bankrupt. Clearly it's not a shock to them that so many people hate the company. Their forums magically go down for a couple days and posts critical of them are thoroughly expunged.
If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
I don't think there is very much risk of them going bankrupt. The cost to produce the miners is very small, their major expense is R&D. I would expect everyone to receive the miners they ordered and paid for eventually. The key work is eventually as the miners will be worth much less by the time they are received. If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
While I agree with Searing, you have to wonder what will happen WHEN (not if) BFL goes bankrupt. Clearly it's not a shock to them that so many people hate the company. Their forums magically go down for a couple days and posts critical of them are thoroughly expunged.
If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
If Josh did a good job of playing hide the sausage, which is all he is good for, then you will not be getting anything in a class action other than vindication of know you were scammed. BFL's creditors will get first pickings at any assets they have, the lawyers will get paid, and you will get a $7 check.
If you think the class action will succeed in procuring funds the reject the cloud mining.
I did pause before accepting the offer, I was wondering what the consequences were. c'mon? No commercial entity would willingly give away free "money" unless there are commercial gains. By accepting the 12 months 600GHs Cloud contract, what options have I limited my self to??
My original purchase was not the Monarch. I took the upgraded option from 50GHs BFL Singles (x2) to a 600GHs Monarch. Due to further h/w delays, BFL doubled my order as compensation. An additional Monarch was put at the back of the delivery que. I wonder if I'll get the physical h/w before BFL offers me the 2nd Monarch, as another 1 year Cloud contract.
So, what happens after my one year contract ends and BFL still hasn't delivered? Hey, maybe there will be an option for Monarch owners to upgrade to the 1THs Imperial Monarch, but by having accepted the Cloud, have I excluded my self?
Not 'happy',
QG
My original purchase was not the Monarch. I took the upgraded option from 50GHs BFL Singles (x2) to a 600GHs Monarch. Due to further h/w delays, BFL doubled my order as compensation. An additional Monarch was put at the back of the delivery que. I wonder if I'll get the physical h/w before BFL offers me the 2nd Monarch, as another 1 year Cloud contract.
So, what happens after my one year contract ends and BFL still hasn't delivered? Hey, maybe there will be an option for Monarch owners to upgrade to the 1THs Imperial Monarch, but by having accepted the Cloud, have I excluded my self?
Not 'happy',
QG
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
After 1 year pretty much any mining eq will be near obsolete. The singles they shipped last year are now near useless just like the Avalons from last year. Just take the cloud mining for 1 year and be happy you don't have to pay for electricity. That is sadly your best option with BFL.
so you have no chance of getting the refund like me for asking after the 6 month and 1 day not delivered option anymore? or if you are not at 6 months and 1 day how close are you...could you squeak under the wire?
me I'd go the class action suit before anything i mean we are talking at todays rates 625 usd for 1 btc which if you got the unit in the mail on monday and/or they suddenly let you cloud hash 600gh to get off the hook. I currently have an oct 2013 570gh knc jupiter and i'm looking at best i can figure less then 1 BTC left to get....i'd gamble that last 1 BTC at 625 bucks on the class action suit or the FTC or the 6 month and 1 day deadline not being met..before I'd take any deal where I might get 1 frigging BTC back ..better to lose it all in a spectacular manner then bend my knee to those assholes...shoot for the refund...keep your pride...again imho
I sure would not let them take all that $$$ I paid in the past for 1 BTC now I'd rather go down swinging and lose that last BTC I MIGHT make if equip magically appeared or they suddenly offered you more vaporware and/or GH hashing at 600gh at their last year prices..but wait and resist might also be an option ..stuff may move on the FTC front or the class action
Better imho opinion to go down with dignity in the following manner...........you'd be screwed but you'd have your pride!
http://www.youtube.com/watch?v=8xN-bgcjp0g
BFL no man's land indeed...
Searing
I did pause before accepting the offer, I was wondering what the consequences were. c'mon? No commercial entity would willingly give away free "money" unless there are commercial gains. By accepting the 12 months 600GHs Cloud contract, what options have I limited my self to??
My original purchase was not the Monarch. I took the upgraded option from 50GHs BFL Singles (x2) to a 600GHs Monarch. Due to further h/w delays, BFL doubled my order as compensation. An additional Monarch was put at the back of the delivery que. I wonder if I'll get the physical h/w before BFL offers me the 2nd Monarch, as another 1 year Cloud contract.
So, what happens after my one year contract ends and BFL still hasn't delivered? Hey, maybe there will be an option for Monarch owners to upgrade to the 1THs Imperial Monarch, but by having accepted the Cloud, have I excluded my self?
Not 'happy',
QG
My original purchase was not the Monarch. I took the upgraded option from 50GHs BFL Singles (x2) to a 600GHs Monarch. Due to further h/w delays, BFL doubled my order as compensation. An additional Monarch was put at the back of the delivery que. I wonder if I'll get the physical h/w before BFL offers me the 2nd Monarch, as another 1 year Cloud contract.
So, what happens after my one year contract ends and BFL still hasn't delivered? Hey, maybe there will be an option for Monarch owners to upgrade to the 1THs Imperial Monarch, but by having accepted the Cloud, have I excluded my self?
Not 'happy',
QG
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
After 1 year pretty much any mining eq will be near obsolete. The singles they shipped last year are now near useless just like the Avalons from last year. Just take the cloud mining for 1 year and be happy you don't have to pay for electricity. That is sadly your best option with BFL.
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.
what are the people hosting now 1st batch paid 4695.00 usd if i remember right then like 50 bucks for the wire xfer if you went that route...for a 'cloud mining' 600gh now that will make 'less" at this point in time then 1 BTC (guess but a close guess)
also from an august 2013 it is july 2014 and they STILL can't get a product out
and right now out the door in to the wilds of shipping in 48hrs an antminer S3 at a 'easily' obtainable in my view 504gh at say 375 watts for the fine price of 0.074 btc last I looked or as of now exactly that is in usd $464.07 with supposed arrival no later then July 20th er this is 2nd batch me thinks....does not include shipping i think
but still compare that to your 'cloud hashing till we ship offer' from BFL likely in lieu of a real refund
so that means right now (if you managed to get a refund from BFL) you could get $4695.00 plus $50 wire xfer so total ant miners you could get at 504gh (w/o shipping trying to be exact and fair here) exactly 10.22 504 antminer units by July 20th for a total of 5.04TH of course elec would be 3750 watts plus you need say sep power supplies say 5 1200i's maybe at 350 each (guessing)
so there are expenses...but they options above WOULD EXIST IF YOU COULD ONLY GET THAT DAMN REFUND AS PROMISED
(which again in my view me thinks will not be an option when they get to your spot in the 'we will GH host for you" part of the order line....
what a farce
you can go further if you simply just bought coin with the BFL GH hosting option maybe you'd make 1 BTC (guess)
buying coin with your initial 1st in line above w/wire xfer $50 fee of $4745.00 above in just coin again that IF YOU ACTUALLY COULD GET YOUR REFUND would be
at this point in time a flat out @462.22 again 10.26 BTC
heh so you'd be better off buying btc at this point but any I mean any any any option is better then BFL's lame cloud hashing 600gh offer (or maybe only option not sure) at the price you paid at the front of the line of $4745.00 for an original (we taped out in aug 2013 heh) 600gh monarch
that still has not shipped and again it is July 2014
man it is nice I got my 8.5k back more by fluke/luck then any skill on my part ..and I hope you guys get your refund...but i suspect you are as likley to get an email that you got 600gh of hashing as their fufillment of the the promised hashing (10 months late) rather then them giving you any more $$$ heck it makes more sense for them to do antminer s3 they bought and hash for you till they get the junk out that don't work then keep or resell the antminers...then refund your $$$
again consumer protection in the usa is dead this shoulda been taken care of last year if our laws had any clout imho
anyway hope I'm wrong or the pressure is intense on BFL from someone to give refunds...but I see this as a way for them to wiggle out of you ever getting equip
Searing
soooooo screwed.....
I did pause before accepting the offer, I was wondering what the consequences were. c'mon? No commercial entity would willingly give away free "money" unless there are commercial gains. By accepting the 12 months 600GHs Cloud contract, what options have I limited my self to??
My original purchase was not the Monarch. I took the upgraded option from 50GHs BFL Singles (x2) to a 600GHs Monarch. Due to further h/w delays, BFL doubled my order as compensation. An additional Monarch was put at the back of the delivery que. I wonder if I'll get the physical h/w before BFL offers me the 2nd Monarch, as another 1 year Cloud contract.
So, what happens after my one year contract ends and BFL still hasn't delivered? Hey, maybe there will be an option for Monarch owners to upgrade to the 1THs Imperial Monarch, but by having accepted the Cloud, have I excluded my self?
Not 'happy',
QG
My original purchase was not the Monarch. I took the upgraded option from 50GHs BFL Singles (x2) to a 600GHs Monarch. Due to further h/w delays, BFL doubled my order as compensation. An additional Monarch was put at the back of the delivery que. I wonder if I'll get the physical h/w before BFL offers me the 2nd Monarch, as another 1 year Cloud contract.
So, what happens after my one year contract ends and BFL still hasn't delivered? Hey, maybe there will be an option for Monarch owners to upgrade to the 1THs Imperial Monarch, but by having accepted the Cloud, have I excluded my self?
Not 'happy',
QG
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
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.
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.
Assuming it draws 1W/Ghash, there is no way they are going to be able to cool in in the PCI-E form-factor without liquid cooling. They may have 600Ghash/second boards that can't be run in open-air cases
The problem lies in that their "engineers" have enough training to be able to do some basic design but not enough common sense to work on a project. They had the same problem for 65nm where they estimated and advertised 1Watt/GH/s and then they came out with 4-5Watt/GH/s. The SC Single was supposed to be the 60 watt coffee warmer and the Jalapenos were supposed to be USB drives. The end result was almost 1/2 a magnitude off.
It's a vicious cycle of incompetence at the top (management) feeding incompetence at the base (production and design).
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.
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.
Assuming it draws 1W/Ghash, there is no way they are going to be able to cool in in the PCI-E form-factor without liquid cooling. They may have 600Ghash/second boards that can't be run in open-air cases
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.
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.
Assuming it draws 1W/Ghash, there is no way they are going to be able to cool in in the PCI-E form-factor without liquid cooling. They may have 600Ghash/second boards that can't be run in open-air cases
They would need to run close to 0.5W/GH/s to get close to the level where they can use video card style blower fans. Know them they're running well over 1W/GH/s so the only way to dump that much heat that quickly is through water or oil.
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.
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.
Assuming it draws 1W/Ghash, there is no way they are going to be able to cool in in the PCI-E form-factor without liquid cooling. They may have 600Ghash/second boards that can't be run in open-air cases
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. 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.
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.
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.
Miners could potentially house the cards in a milkcrate fashion similar to how GPU rigs were setup
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.
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.
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.
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. 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.
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.
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.
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. 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.
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.
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.
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.
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.
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?
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.
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. 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.
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 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. 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.
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.
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.
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.
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.
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.
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.
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.
I guess i should post the rest of the email before people draw too many conclusions..
QG
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
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.Chopperman wonders because BFL asked early 65nm customers to post when their order came, and many did.
QG
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
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.
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
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!
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
"... 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.
lol deliver a cloud...almost the equivalent of delivering air! 
BFL still has issues like before.I wonder if they will ever ship on time with quality hardware.
If it's like the Monarch they showed at the conference 2 days ago it's not the one hashing at 600GH/s. They probably are using somebody else's miner's and allocating 600 or they made a non pcie card based design so they wouldn't have the space confine issues.
Someday we may even see whole computers being in cloud,who knows.Its the way of the future surely.
That's the great thing about a cloud. Nothing to actually grab hold of, and almost no way to see what's inside, or on the other side. You just take it on faith! Clouds are so comforting and ephemeral..... 
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
"... 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
Jump to: