Topic: BFL RIP OFF... price up 90%, 50GH/s for 2499$. - page 6. (Read 13858 times)

Is the BFL warranty meaningless since according to them, they are coming out with a new redesigned product and the "lifetime" warranty according to them is only good until the product stops shipping.

You can count on that. I just don't like spending time on forum reading and debating, while there's no confirmation, and from what I can see they still have many issues to solve. Heck, I'm gonna order as soon as first batch starts shipping.

I'm pretty sure it will stop once there IS confirmation of a working device. Why should it stop until then?

That's more likely to be a mining software problem than an ASIC problem.

1 satoshi says that people will still be posting this even after all the pre orders have been shipped.

Did they ever take BTC directly?

Are you implying that they now speculating  with the preorder money to raise more funds?

For what it's worth that unit in BFL recent pics is still going, although with some big dips, and quite a few rejected shares, four days and 4.84BTC, about 3 BTC behind @ 25Gh/s

http://eligius.st/~wizkid057/newstats/userstats.php/1CdcYVP4T4hjHwt353pEnGHrigeDLvuvZL

My educated guess this is one of the first working per-production units, once they got 3 full days @ 25GH/s confirmed, pricing and power were adjusted accordingly on their web-site. Before April 1 there were no functional prototypes, hence a baseline for a SC was 30GH/s all this time up till today.

What was the wafer yield again? If I were to guess current 32000+ orders will take anywhere from 6 to 12 months to fill, maybe next year anyone who buys anything now will get something, that is if they start shipping and won't fold the business, pun intended.

Art

I cannot believe that I actually have to quote myself here....

Furthermore, it is abundantly clear that this forum, and perhaps the community as a whole has a very narrow technical and personal indignation focus.

Are there ANY business people in this forum? DO YOU REALLY UNDERSTAND THE FINANCIAL AND ACCOUNTING IMPLICATIONS of what I have pointed out here?

If what I have said is true, it simply needs to be confirmed by BFL to completely eradicate the massive pile of tolling energy directed at them. Hey, don't get me wrong here - BFL has every appearance of being an operational and PR nightmare. BUT from a balance sheet perspective they could be sitting very pretty on a BTC arbitrage basis. Yes, the community has forfeited their BTC vs USD gain by 'investing' in a BFL preorder - but what is the correlation to a 'real world' rate of return on invested capital. Anyone here remember the "tech bubble"? It is impossible to divorce the flow of capital from the metrics of comparative returns and the underlying fundamentals associated with them. If you think crypto currencies are immune from the effects you are sorely mistaken and your lunch is being served to others, now.

Like it or not you have few choices. If you are a seasoned stock picker you might realize a 20% cash on cash return - if you rely on investment counsel you *should* be happy with 6 - 8%. If you buy and operate a business the ROIC is 35 - 43% on a risk adjusted basis. Am I speaking English here? If this sounds like a foreign language YOU ARE OUT OF YOUR DEPTH. GO BACK TO WOW or whatever gaming chat room or newsfeed you heard about crypto currency in.

WAKE UP BTC community. Big money and interests are taking a very hard look at BTC and crypto currency in general right now. It won't take many billionaires to dominate this market in a hurry. Stop pissing in the pool we all have to swim in.

The bet didn't stipulate how long the shipped item had to run, so they let Luke's rig burn itself out since it was under warrantee.

This just in: Luke is upgrading his Single to a ? to be diversified.

hehehehe

Still no confirmation of working bfl ASIC device!

I will also This this.

I would guess that they're still hoping to resolve the issues and offer the product.  Having the most powerful Bitcoin mining rig in your product line but out of stock makes you look superior to your competitors who only offer products similar to your low end units.  It's a marketing thing.

I'm kind of surprised that they haven't dropped the jalapeno and that they're still offering the little single.  The jalapeno's going to be pretty much a stillborn product very soon and the BFL wait list shows very few people as having ordered the little single (although that may become their new entry level product with the price rise).

One of the greatest ironies here is that BFL increased their specs to compete with bASIC and bASIC never delivered.  If they'd stuck with their original specs, they could probably have delivered months ago and had plenty of happy customers mining away at 40 GH and waiting to order a gen 2 product which did 50 GH (and happy to pay the new price because they could trade in their gen 1 units).

Laziness most likely. Or optimism they might fix their power issues and sell it in the future.

Yes, I agree with that reasoning. 

But what I meant was, what legitimate reason could they have for continuing to show the product on the site and to list it as "out of stock"?  As you point out, the product does not even exist.

this cant be the same bfl.. say it isnt soo.. lol

omg, the last fleece before the run to mexico

They don't want to accept any more mini-rig orders at this stage because shipping multiple other units to make up the 1500 GH is too expensive.

When these issues first arose, they said that they'd ship multiple units to meet promised hash rates on existing orders no matter what it cost them.  They were clearly hoping they'd only have to do that for Batch 1 orders and that they'd have resolved the issues by the time the next 6 wafers rolled out of the fab.  Now it's pretty obvious that these issues aren't going to be quickly resolved, they don't want to have to commit to shipping multiple singles (almost certainly more expensive to BFL than working mini-rig would have been) to achieve the 1500 GH on future mini-rig orders so they need to pull the product until they can resolve the issues.

I don't really know.  It could be because changing the site IMPLIES that they have their shit together without actually having to verbally commit to claiming as much.

Also, by suddenly changing the site it locks the old customers into thinking "well in the end I got a real bargain, I can't back out now".

What do you think about them listing the Mini Rig as "out of stock"?  I can't think of any legitimate reason for them to do that.

I cannot believe that true -- they have the money in the bank- so bank account should be just fine-- ie everyone prepaid  ---anyone wanting to get there money back will need to pay more for a minning rig ---so someone will buy the order to jump the que --- delays are great if you have a minning rig

This.