Yeah BFL is about to end up dead in the water. As lots of us said before, the Monarch was likely a pump for cashflow to keep them going until they could figure something else out. They claimed their unit was in R&D far longer than KNC's, but all theyv'e done are give super loose estimates and a generic 3D rendering. Sounds like it hasn't been in R&D that long at all, or their engineering team sucks ass.
While it's always been possible to physically fit 600GH into a PCIe card factor, cooling has always been the issue. With monster heat pipe setups such as is on the Jupiter, I would love to see what BFL is coming up with to solve this.
Cash pump.. cash pump.. and they're hoping they can figure out a product for delivery. No refunds possible, no product available, proof they're changing the terms/conditions on current preorders and adding on fees after they've been fully paid.. who's to say they won't do this for the Monarch?
Anyone with this knowledge who willingly gives money to BFL with any expectation of honest business practice has to be beyond salvation mentally. I look forward to buying my Monarch second hand for super cheap. Another coffee-table relic.
Topic: -- Butterfly Labs New 600GH "Mining Card" - RED FLAGS?!?! - page 18. (Read 47795 times)
Sorry if this has already been pointed out, but if you order a Monarch today, and BFL somehow manages to ship on time (e.g. January), this unit will not even make 50% of it's cost.
Of course, the units delivered in November (wink, wink) will not ROI either. You'd have to be insane to pre-order a Monarch. Difficulty has been doubling every month, and I don't see any reason to expect it to slow over the next month or 3.
Sorry, BFL, but the ASIC business is already over.
Of course, the units delivered in November (wink, wink) will not ROI either. You'd have to be insane to pre-order a Monarch. Difficulty has been doubling every month, and I don't see any reason to expect it to slow over the next month or 3.
Sorry, BFL, but the ASIC business is already over.
So I'd heard that BFL was charging folks more money to receive order transfers, and have seen it with my own eyes now, so that's no longer just a rumor. Wonder if they'll provide actual receipt/money-transaction proof of the inrease. They're filing it under 'additional shipping charges'. Despite the fact shipping is flat rate and prepaid in the original order.
Add that to the many methods BFL uses to shove golf clubs up folks' rear.
Anyone else see this too? I've heard of it in a few cases, verified one with my own eyes.
Add that to the many methods BFL uses to shove golf clubs up folks' rear.
Anyone else see this too? I've heard of it in a few cases, verified one with my own eyes.
I have done 2 transfers and didn't have to pay anything extra for the shipping. Granted $34 to ship a Jally is fucking outrageous and borderline criminal.
You paid for increased shipping and were not aware of it. Jally prepaid shipping is $7 per unit (at some point it went to $14 for up to 2 jallys), flat rate USPS. It's on the original order form.
They're charging $20 extra for jally orders, and more for larger units, despite the fact USPS isn't charging them more.
If I were you, I would contact BFL about it. You're right, it is outrageous, because they defrauded you. $14 (original price) + $20 = $34. You got shanked.
So I'd heard that BFL was charging folks more money to receive order transfers, and have seen it with my own eyes now, so that's no longer just a rumor. Wonder if they'll provide actual receipt/money-transaction proof of the inrease. They're filing it under 'additional shipping charges'. Despite the fact shipping is flat rate and prepaid in the original order.
Add that to the many methods BFL uses to shove golf clubs up folks' rear.
Anyone else see this too? I've heard of it in a few cases, verified one with my own eyes.
Add that to the many methods BFL uses to shove golf clubs up folks' rear.
Anyone else see this too? I've heard of it in a few cases, verified one with my own eyes.
I have done 2 transfers and didn't have to pay anything extra for the shipping. Granted $34 to ship a Jally is fucking outrageous and borderline criminal.
So I'd heard that BFL was charging folks more money to receive order transfers, and have seen it with my own eyes now, so that's no longer just a rumor. Wonder if they'll provide actual receipt/money-transaction proof of the inrease. They're filing it under 'additional shipping charges'. Despite the fact shipping is flat rate and prepaid in the original order.
Add that to the many methods BFL uses to shove golf clubs up folks' rear.
Anyone else see this too? I've heard of it in a few cases, verified one with my own eyes.
Add that to the many methods BFL uses to shove golf clubs up folks' rear.
Anyone else see this too? I've heard of it in a few cases, verified one with my own eyes.
Did that idiot Josh actually make that analogy? Man, these Scammers are so Madoff-ish. Lol
https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html
Quote
Week of February 10th
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
Hahhaahaahaa. Josh: What a fucking idiot.
Yes, I can say that, it's my thread. Lol.
I said that from about 10+ months back and i still do today, Even if it aint my thread
Hes a spunk bubble! Man, I could write a million lines of stuff about him and still have a million to go! If i lived in kansas.....
Lol, well, this thread, like all my threads, are never censored. Unleash the KRAKEN! Ha!
On the bright side a Bitcoin fund for institutional investors just launched today. It's not the public ETF, but this tells me that my feeling will probably prove correct and Bitcoin will get that ETF license, probably this year.
Did that idiot Josh actually make that analogy? Man, these Scammers are so Madoff-ish. Lol
https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html
Quote
Week of February 10th
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
Hahhaahaahaa. Josh: What a fucking idiot.
Yes, I can say that, it's my thread. Lol.
I said that from about 10+ months back and i still do today, Even if it aint my thread
Hes a spunk bubble! Man, I could write a million lines of stuff about him and still have a million to go! If i lived in kansas.....
Did that idiot Josh actually make that analogy? Man, these Scammers are so Madoff-ish. Lol
https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html
Quote
Week of February 10th
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
Hahhaahaahaa. Josh: What a fucking idiot.
Yes, I can say that, it's my thread. Lol.
Did that idiot Josh actually make that analogy? Man, these Scammers are so Madoff-ish. Lol
https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html
Quote
Week of February 10th
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
Actually Josh wasn't too much off base with his analogy but what actually happened was...
BFL pre-order clients descended upon Paypal and their CC banks like a horde of angry locusts asking for forced Chargebacks and Refunds against BFL for non-delivery.
In all seriousness, a good proof that they were sitting on their components and mining, would be if mining suddenly became much harder and BFL products started flying out the door.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
Numerous times the network saw a massive spike in hashrate with no known massive shipments of units. So someone had their private farm of ASICS. It could have been a rich millionaire or the Chinese government or the NSA, who knows.
But you could mine with customer's rigs and not let on. Say you have 100 mini rigs mining. It's not like you flipped them on all at once. It was gradual, like say a couple per day. The wouldn't look odd as many various ASICS were being shipped all around the world.
Now say Sonny has 100 mini rigs mining in his basement. It's not like he's gonna shut them all off at once and ship them. No, he's gonna shut down a couple per day and ship them and most likely replace them with newer orders so there will always only be a gradual scaling up of the network so it will not look obvious at all.
ABSOULTELY. Why that's a paltry net of $26k PER DAY @ $.1/kWh. Who'd bother with that?!?
Psh.. some of us make that hourly.
These miners are headed to Josh's basement for burn in 
I lol'd hard..
In all seriousness, a good proof that they were sitting on their components and mining, would be if mining suddenly became much harder and BFL products started flying out the door.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
Numerous times the network saw a massive spike in hashrate with no known massive shipments of units. So someone had their private farm of ASICS. It could have been a rich millionaire or the Chinese government or the NSA, who knows.
But you could mine with customer's rigs and not let on. Say you have 100 mini rigs mining. It's not like you flipped them on all at once. It was gradual, like say a couple per day. The wouldn't look odd as many various ASICS were being shipped all around the world.
Now say Sonny has 100 mini rigs mining in his basement. It's not like he's gonna shut them all off at once and ship them. No, he's gonna shut down a couple per day and ship them and most likely replace them with newer orders so there will always only be a gradual scaling up of the network so it will not look obvious at all.
ABSOULTELY. Why that's a paltry net of $26k PER DAY @ $.1/kWh. Who'd bother with that?!?
In all seriousness, a good proof that they were sitting on their components and mining, would be if mining suddenly became much harder and BFL products started flying out the door.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
Numerous times the network saw a massive spike in hashrate with no known massive shipments of units. So someone had their private farm of ASICS. It could have been a rich millionaire or the Chinese government or the NSA, who knows.
But you could mine with customer's rigs and not let on. Say you have 100 mini rigs mining. It's not like you flipped them on all at once. It was gradual, like say a couple per day. The wouldn't look odd as many various ASICS were being shipped all around the world.
Now say Sonny has 100 mini rigs mining in his basement. It's not like he's gonna shut them all off at once and ship them. No, he's gonna shut down a couple per day and ship them and most likely replace them with newer orders so there will always only be a gradual scaling up of the network so it will not look obvious at all.
Did that idiot Josh actually make that analogy? Man, these Scammers are so Madoff-ish. Lol
https://forums.butterflylabs.com/announcements/692-bfl-asic-status.html
Quote
Week of February 10th
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
We implement the 1/3 shipping plan en mass
1/3 of our assembled units will go to new orders in FIFO
1/3 of our assembled units will go to upgrade orders
1/3 will be randomly selected from both groups
We descend upon the Post Office, DHL, UPS and FedEx like a horde of angry locust
These miners are headed to Josh's basement for burn in
I'm still waiting for the dam to break unleashing the waves of 18 wheelers loaded with miners
What ever happened to that Biblical swarm of locusts descending on the post office ?
I hope someone warns USPS to be prepared to handle upwards of 5x their annual volume at the local BFL facility. They're about to burst at the seams with hashingness.
Hahahahahahhaa.
Did that idiot Josh actually make that analogy? Man, these Scammers are so Madoff-ish. Lol
I saw a truck full of minors heading for the Post office yesterday!!
I'm still surprised nobody has gone over there and stolen what they've been waiting for. Or do other mean stuff.
I heard someone took a propane torch to the back door and set off the fire alarm... but that could just be a rumor...It wasn't me, I was home watching TV. Here is a picture of me watching TV
In all seriousness, a good proof that they were sitting on their components and mining, would be if mining suddenly became much harder and BFL products started flying out the door.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
Numerous times the network saw a massive spike in hashrate with no known massive shipments of units. So someone had their private farm of ASICS. It could have been a rich millionaire or the Chinese government or the NSA, who knows.
But you could mine with customer's rigs and not let on. Say you have 100 mini rigs mining. It's not like you flipped them on all at once. It was gradual, like say a couple per day. The wouldn't look odd as many various ASICS were being shipped all around the world.
Now say Sonny has 100 mini rigs mining in his basement. It's not like he's gonna shut them all off at once and ship them. No, he's gonna shut down a couple per day and ship them and most likely replace them with newer orders so there will always only be a gradual scaling up of the network so it will not look obvious at all.
In all seriousness, a good proof that they were sitting on their components and mining, would be if mining suddenly became much harder and BFL products started flying out the door.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
It would also give them a chance to go "hey, look, Monarch go hash hash fast fast".
This way they could pump more cash from the few zombies still following the stench fest.
Jump to: