Pages:
Author

Topic: BitForce SC - Pre order delay (Read 9544 times)

hero member
Activity: 616
Merit: 500
Portland Bitcoin Group Organizer
June 29, 2012, 06:14:17 PM
Also worth pointing out for anyone interested in participating tomorrow, orders will be taken only via Bit-Pay initially.  This is a special promotion with Bit-Pay to promote their BTC merchant account service and may give existing miners a bit of an upper hand in first wave delivery.  (alternate payment methods will be added within a few days).

Regards,
BFL

I would like to see some alternate payment methods please... not just yet, but in exactly 4 business days. *(once some funds are moved around)
sr. member
Activity: 364
Merit: 250
June 28, 2012, 04:57:10 PM
I got my wire transfer request and paid today.

Order
#.

I got an earlier order in the #1866 or something, but couldn't get BTC in time. Sad
full member
Activity: 169
Merit: 100
Green Mining 85% Cheaper
June 27, 2012, 01:00:48 PM
TL;DR, "bitcoiners" wanting non-bitcoin payment options.
Oh the irony.

It is ironic I guess, but most people bought their GPUs with $$$. I bought my hardware from BFL with cash, cash they still have, and I have no hardware to have generated the BTC they require for payment. If I had gotten my hardware, I could probably have BTC to buy something.

I just want BFL to take the cash they already have of mine, and give me hardware. Or give me my cash back so I can buy BTC so I can finally order their new product.
hero member
Activity: 576
Merit: 500
June 27, 2012, 09:15:57 AM
I've placed a large order to be paid by bank wire several days ago.  Email sent by BFL states that I will be contacted with bank wire information within 1 business day.
That was 4 days ago.  Has anyone else attempted to place an order with bank wire?

Yeah, they haven't sent out the email yet. You won't be placed at the very end of the line though. See here:
https://bitcointalksearch.org/topic/bitforce-sc-bankwire-instructions-delay-policy-90044

Also, they still haven't answered my emails from 5 days ago and my other one from 4 days ago.
hero member
Activity: 956
Merit: 1001
June 27, 2012, 09:05:45 AM
I've placed a large order to be paid by bank wire several days ago.  Email sent by BFL states that I will be contacted with bank wire information within 1 business day.
That was 4 days ago.  Has anyone else attempted to place an order with bank wire?
newbie
Activity: 17
Merit: 0
June 27, 2012, 07:55:50 AM
It will be the biggest scam in history SmileySmiley

Who will be the first to give a CNN interview?Huh

 Grin Grin Grin
hero member
Activity: 686
Merit: 500
Wat
June 27, 2012, 07:49:31 AM
Its been cold here lately. I want to sticj a jaapeno under each foot and keep my toes warm. In b4 asic powered electric blanket.
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
June 27, 2012, 07:42:17 AM
TL;DR, "bitcoiners" wanting non-bitcoin payment options.
Oh the irony.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
June 27, 2012, 02:04:51 AM
Only accepting BTC and wire transfer is weird.  This has yet to be answered.  Why are they not accepting Dwolla and Paypal anymore?

I don't remember where I read it, but I seem to recall BFL's reason for accepting only bitcoins at first was to 'support bitcoin', but then the wire transfer option ended up being on the form anyway.
full member
Activity: 196
Merit: 100
June 26, 2012, 07:51:45 PM
Only accepting BTC and wire transfer is weird.  This has yet to be answered.  Why are they not accepting Dwolla and Paypal anymore?

Obvious to me the former are non-reversible the later reversible charges are possible.
hero member
Activity: 784
Merit: 1000
June 26, 2012, 07:29:51 PM
As many have said, I think the BTC-only payment option is unfair. While I definitely understand the reasoning behind it, it means that people (myself included) are going to be waiting around for funds to clear before being able to order any product. If I could order with PayPal using credit card I could order immediately and be done with it. But to open pre-orders in BTC only with only one day notice (and a weekend at that) means that only die-hard BTC fanatics from day one (or people who are so rich they can have 4-5 figures in BTC at all times) are going to be able to order these items. I think while BFL intentions are good this is going to completely go the opposite way and have the opposite of what they intended occur.

Right now, unless this changes, I'm considering not even bothering ordering anything. If I have to wait 3-5 days to move my funds so that I can buy the product so many pre-orders may have already been placed by the "bitcoin millionaires" that I may not even make any profit at all. I strongly believe that this needs to be reconsidered by BFL and them at least allow a credit card option via PayPal on the same day that the bit-pay option hits. I already have thousands of dollars tied up in Singles that are late and it's quite ridiculous for me to be punished as a loyal, paying customer who wants to buy even more. I have the money available and would be able to pay the credit card in full within a couple of weeks easily but I just don't have the money this instant.

I would bet that very few of us in the mining community have so much BTC available to buy these units, and the few that do have so much sitting around that they could buy out 6 months of production if they wished.  If there's even a perception that the mining network is going to be dominated by a few ASIC supermining operations, the average bitcoin miner is not going to want to take the risk to buy any ASICs when they may never break even. Please reconsider this situation for the sake of your current loyal customers who don't have money in their account at this very moment because they've already spent it all on the soon to be obsolete Singles (which is me and many others voicing their concerns in this thread).

Only accepting BTC and wire transfer is weird.  This has yet to be answered.  Why are they not accepting Dwolla and Paypal anymore?
sr. member
Activity: 466
Merit: 250
June 26, 2012, 03:23:45 PM
Dear BFL,

If you find the time in the next few weeks, think about this. Let us know how many different customers have ordered SC Singles and how many SC Jalapenos. Order number doesn't tell much at this point since Singles and Jalapenos are coming from different production lines.

This would give everyone a clear estimate how many orders there are before theirs.
full member
Activity: 169
Merit: 100
Green Mining 85% Cheaper
June 26, 2012, 10:56:36 AM
Its not like they don't know who they haven't delivered their product too. Why did they not have a communication drafted and prepared to be emailed to those of us waiting on thousands of dollars of product?

They probably could have even paid to have someone build in a "trade in" order form type thing to let them know what users wanted to do with their current orders. Its just really poor planning and now those of us with thousands tied up or even tens of thousands are just sitting on the sidelines waiting to hear something, anything, from them in regards to why they can hold $10k of my money with no product and my options are:

1. Cancel. Pre-order with the same cash.(They have yet to refund me or even reply to my email.)
2. Wait and not pre-order, then order and return the equipment they send to me 2 months from now.

I think I just want my money back at this point. I can invest the cash for 5% between now and when people start seeing product come October.
legendary
Activity: 1400
Merit: 1005
June 26, 2012, 10:18:57 AM
I don't see this advantage, 'you' have the option of completely withdrawing your order, 'we' MUST pay more or lose the initial investment. Remembering that the profitability of this additional investment is by no means assured. Lucky?  Undecided

The message posted from Jody indicates anyone that paid with BTC cannot cancel their order.  You've got hardware.  You can sell it in 3 months for $599, but can earn coins on it right now.  The people waiting on old orders can also sell in 3 months for $599, but they don't have the luxury of mining on it.  So if they sell, they've essentially been out of their money for 3-6 months and have nothing to show for it.
This was later clarified to the fact that you will receive a USD equivalent number of Bitcoins in the event of a refund.  If you paid 125 Bitcoins for a single, and wanted a refund, you might only get 90 today, but you'll still get a refund.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
June 26, 2012, 09:57:07 AM
I don't see this advantage, 'you' have the option of completely withdrawing your order, 'we' MUST pay more or lose the initial investment. Remembering that the profitability of this additional investment is by no means assured. Lucky?  Undecided

The message posted from Jody indicates anyone that paid with BTC cannot cancel their order.  You've got hardware.  You can sell it in 3 months for $599, but can earn coins on it right now.  The people waiting on old orders can also sell in 3 months for $599, but they don't have the luxury of mining on it.  So if they sell, they've essentially been out of their money for 3-6 months and have nothing to show for it.
legendary
Activity: 1666
Merit: 1000
June 26, 2012, 06:09:18 AM

Of course, we did the only thing we could, give them more of our money and hope to land far enough towards the front of the order queue to make anything back.

Its a shit sandwich for (nearly) everyone.

Sad but true...
sr. member
Activity: 392
Merit: 250
June 26, 2012, 04:48:53 AM
Most seem to agree that people who already have money tied up in orders, should not be forced to the end of the line. We can't even get a hold of Butterfly to get our money back and place a order. I bought 4 just because they announced they were letting us trade them in at 100% value. Which turned out to be only part of the story. Basically who ever paid them first should receive their units first. The longer they hold our money the more it costs us.

While I sympathize, how is yours different to the situation those of us holding BFL kit find ourselves in? We parted with our money well before you, for products that now may not pay for themselves.

Of course, we did the only thing we could, give them more of our money and hope to land far enough towards the front of the order queue to make anything back.

Its a shit sandwich for (nearly) everyone.

At least with you holding BFL kit, you're getting to generate with it.  Not all of us are that lucky.

I don't see this advantage, 'you' have the option of completely withdrawing your order, 'we' MUST pay more or lose the initial investment. Remembering that the profitability of this additional investment is by no means assured. Lucky?  Undecided

I have some units already, its not a real bad position to be in. You can either upgrade, or sell half and upgrade. Then earn 70 a month per unit while you wait for a upgrade. With their track record it might just pay for itself by the time they get the upgrades delivered. They met their obligation by delivering so there is not much to do about it.

If you have already been waiting 3 months and then are forced to wait for a refund to place your order. That will probably move you about 3 months behind the people that just ordered. That's 6 months of extra waiting simply because they failed to delivery the products on time. They should have put a option on the order form or called everyone that was over the 6 weeks and asked them if they wanted to cancel or upgrade before taking new ASIC orders..
member
Activity: 75
Merit: 10
June 26, 2012, 02:15:53 AM
Most seem to agree that people who already have money tied up in orders, should not be forced to the end of the line. We can't even get a hold of Butterfly to get our money back and place a order. I bought 4 just because they announced they were letting us trade them in at 100% value. Which turned out to be only part of the story. Basically who ever paid them first should receive their units first. The longer they hold our money the more it costs us.

While I sympathize, how is yours different to the situation those of us holding BFL kit find ourselves in? We parted with our money well before you, for products that now may not pay for themselves.

Of course, we did the only thing we could, give them more of our money and hope to land far enough towards the front of the order queue to make anything back.

Its a shit sandwich for (nearly) everyone.

At least with you holding BFL kit, you're getting to generate with it.  Not all of us are that lucky.

I don't see this advantage, 'you' have the option of completely withdrawing your order, 'we' MUST pay more or lose the initial investment. Remembering that the profitability of this additional investment is by no means assured. Lucky?  Undecided
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
June 26, 2012, 01:11:54 AM
Most seem to agree that people who already have money tied up in orders, should not be forced to the end of the line. We can't even get a hold of Butterfly to get our money back and place a order. I bought 4 just because they announced they were letting us trade them in at 100% value. Which turned out to be only part of the story. Basically who ever paid them first should receive their units first. The longer they hold our money the more it costs us.

While I sympathize, how is yours different to the situation those of us holding BFL kit find ourselves in? We parted with our money well before you, for products that now may not pay for themselves.

Of course, we did the only thing we could, give them more of our money and hope to land far enough towards the front of the order queue to make anything back.

Its a shit sandwich for (nearly) everyone.

At least with you holding BFL kit, you're getting to generate with it.  Not all of us are that lucky.
member
Activity: 75
Merit: 10
June 26, 2012, 12:18:13 AM
Most seem to agree that people who already have money tied up in orders, should not be forced to the end of the line. We can't even get a hold of Butterfly to get our money back and place a order. I bought 4 just because they announced they were letting us trade them in at 100% value. Which turned out to be only part of the story. Basically who ever paid them first should receive their units first. The longer they hold our money the more it costs us.

While I sympathize, how is yours different to the situation those of us holding BFL kit find ourselves in? We parted with our money well before you, for products that now may not pay for themselves.

Of course, we did the only thing we could, give them more of our money and hope to land far enough towards the front of the order queue to make anything back.

Its a shit sandwich for (nearly) everyone.
Pages:
Jump to: