I think they are Legit, Yes there have been delays but this is fairly difficult to do otherwise there would be loads of companies doing it. Yes Avalon beat them to it it terms of delivering the first working unit but they are not exactly flooding the market and the latest batch price is 5 times the original price point.
I considered ordering some of Butterfly products but decided to purchase coins instead, short term this has been great, long term who knows. If these units do ship then those lucky enough to be in the first orders will do very well indeed.
For me there were just too many unknowns. For instance 60 Gh/s sounds great but what if the total Hashing power just expands to make this below average? Then there were the delays and now the teething problems. I do hope they get it sorted but I am waiting to see how it turns out before investing in ASIC.
Topic: Butterfly labs are legit. (Read 5653 times)
Just curious how much bigger is Bitcoin than Litecoin?
lol wtf.
Just curious how much bigger is Bitcoin than Litecoin?
About this much:
Just curious how much bigger is Bitcoin than Litecoin?
::)There are still uses for outdated ASICs....by mining litecoins instead. Methinks Bitcoin is a victim of Gresham's law...there is so much speculation into BTC that it no longer will function as a currency...rather more like "digital gold".
asics don't mine for litecoins whatsoever, different algorythm. litecoin runs on script. asics SUCK on litecoins
I hope BFL is legit and ships soon, I've been waiting for quite a while.
Let me know how that works out for you, when you get your BFL asic in 2017 (if you're lucky since you probably won't get one at all)
and really, mainstream media is your source? Oh wait, this is an april fools day joke isn't it? You got me you bastard
and really, mainstream media is your source? Oh wait, this is an april fools day joke isn't it? You got me you bastard
I'm surprised BFL didn't come out as a scam on April 1st. God can you imagine? Greatest prank ever.
Why come out as a prank, when there are still tons of blind greedy people that ignore all warning signs and just "really hope it is true that I can get rich"?
::)There are still uses for outdated ASICs....by mining litecoins instead.
Yeah, except no.
if i were the asic maker, i would use the devices to mine coins first, and not ship out the devices until the hashing difficulty is much much higher.
why sell the gold egg laying hens?
Avalon have decided to do exactly that with their next batch afaik...why sell the gold egg laying hens?
And even if BFL was shipping in the near future, they would be much less profitable than what the "buyers"(pre-orderers) anticipated, considering their exaggerated power consumption.
It's called 'testing'. We're 'testing' your unit, yeah that's the ticket.
if i were the asic maker, i would use the devices to mine coins first, and not ship out the devices until the hashing difficulty is much much higher.
why sell the gold egg laying hens?
why sell the gold egg laying hens?
I'm surprised BFL didn't come out as a scam on April 1st. God can you imagine? Greatest prank ever.
::)There are still uses for outdated ASICs....by mining litecoins instead. Methinks Bitcoin is a victim of Gresham's law...there is so much speculation into BTC that it no longer will function as a currency...rather more like "digital gold".
Before we go proclaiming them "legit" check out the date on that news article...
Now check your watch...
9 Months later, this is how far they got...
http://www.youtube.com/watch?v=4C4bgho5JSI&list=HL1364777092
it returns 15 test nonces and uses 3x as much power as it was designed to use.
This mean the Jalapeno, SC Single 60Gh/s, and Mini Rig SC are all foobared outside their heat/power levels!
If you're lucky they might be able to produce some Hot Power Hungry Little Singles 30Gh/s.
But we've still not seen it able to mine anything yet!
Quote
Butterfly Labs Announces Next Generation ASIC Lineup
PRWeb – Sat, Jun 16, 2012
PRWeb – Sat, Jun 16, 2012
Now check your watch...
9 Months later, this is how far they got...
http://www.youtube.com/watch?v=4C4bgho5JSI&list=HL1364777092
it returns 15 test nonces and uses 3x as much power as it was designed to use.
This mean the Jalapeno, SC Single 60Gh/s, and Mini Rig SC are all foobared outside their heat/power levels!
If you're lucky they might be able to produce some Hot Power Hungry Little Singles 30Gh/s.
But we've still not seen it able to mine anything yet!
exactly
Before we go proclaiming them "legit" check out the date on that news article...
Now check your watch...
9 Months later, this is how far they got...
http://www.youtube.com/watch?v=4C4bgho5JSI&list=HL1364777092
it returns 15 test nonces and uses 3x as much power as it was designed to use.
This mean the Jalapeno, SC Single 60Gh/s, and Mini Rig SC are all foobared outside their heat/power levels!
If you're lucky they might be able to produce some Hot Power Hungry Little Singles 30Gh/s.
But we've still not seen it able to mine anything yet!
Quote
Butterfly Labs Announces Next Generation ASIC Lineup
PRWeb – Sat, Jun 16, 2012
PRWeb – Sat, Jun 16, 2012
Now check your watch...
9 Months later, this is how far they got...
http://www.youtube.com/watch?v=4C4bgho5JSI&list=HL1364777092
it returns 15 test nonces and uses 3x as much power as it was designed to use.
This mean the Jalapeno, SC Single 60Gh/s, and Mini Rig SC are all foobared outside their heat/power levels!
If you're lucky they might be able to produce some Hot Power Hungry Little Singles 30Gh/s.
But we've still not seen it able to mine anything yet!
they are legit some uses might where there at the company
It seems like their intentions are good but until I see a working product in the hands of at least 10 members my opinion about bfl will stay neutral.
bfl laughing at us all "haha, they ain't getting shit, we keep taking their btc, when do you think they will get it, that we are scamming all these ppl?" Will be the biggest bitcoin heist of all time.
well as a community we should have some sort of pressure on shit like this, because gigantic bitcoin heists hurt the bitcoin economy and youregoing to feel it in your own investment.
there should be some kind of mechanism implemented. and dude who is annoyed sorry buut fuck ignore me, this thread was misleading so I had to cap it off
really just publicity and maybe lawsuits might do the trick
the fact that we all know about it and its still going on blows my mind. what a bunch of pussies. nerds need to grow some balls and stop this nonsense
bfl laughing at us all "haha, they ain't getting shit, we keep taking their btc, when do you think they will get it, that we are scamming all these ppl?" Will be the biggest bitcoin heist of all time.
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