Topic: Butterflylabs Huge SCAM - page 139. (Read 415663 times)

It would be my understanding that if they were using their own product in a competitive market.. That it would be a grave conflict of interest and thus illegal? You cant compete with your own customers by any business plans standards.

My deadline is the end of April. If no units have shipped and been confirmed by independent sources, then I will send my question list to BFL. 

It's a matter of perception for me but since my experience with BTC has never been trouble free (like it ought to have been really),it will continue to give me a poor impression as things like BFL not replying to my queries for an ridiculously long time only to find that an order placed will take months to arrive,even with the express delivery.Are these BFL guys actively trying to put people off participating with BTC altogether with their actions?Because that's the impression I'm getting so far.

An ASIC in my hands will be exciting for me but since I'll never get it within 3 weeks from ordering (like I did with the Mugen Power battery for my old N900 phone) I may as well not bother at all.Have these guys actually expanded on production so that deadlines will be a matter of 2 weeks or something similar?

Best post about BFL in this forum. Shipping and sending out demos to propaganda outlets are somewhat different.

I have wanted to buy an ASIC for a longtime but repeated issues in this area have convinced me to just give up on the ambition as it's just too much trouble and I have a busy schedule doing things to get into the film/TV industry (get a real job and earn the conventional way without complications) and this situation just adds extra demands on my time which I could do witout (checking on BTC value several times a day to profit,checking on threads like this to check out whether or not BFL ASICs will actually deliver or if they even exist for me)

Are these ASICS actually out now?If so how long can I expect them to ship to the UK as I was hoping to test them out? Has anyone actually got the BFL ASICS in their hands and tested power use/hash power?Would appreciate feedback before committing to a purchase.

The one thing that really bothers me about BTC is the issue of lack of stability and lack of trust in everyone (including BFL).For people like me who are used to living in countries like UK where there are lots of laws to keep things moving along,they will continue to struggle in the BTC world until extensive regulations are adopted for BTC but most people will resist this thereby pushing away users who are fascinated by BTC but aren't happy to accept less than stellar things about it (new technology always has it's issues).

Thanks

I figure if I were to buy one of the low end models by the time ( they were saying a few months ??!) it gets to me the hash rate boost pretty much wont be worth the investment IMO.

Not to contradict your bold and bare statement there.. but where did you hear this?


I spoke with a "Dave" from BFL yesterday when i ordered mine and he was confirming shipment for two weeks or so.

its' all about your perception, imagine that you bought not an actual device but made generous donation for arthouse video production. Main plot is about some geeks who test some blackbox devices. It's very bording and fake, but hey, it's art.

Please point out any lies.  What's that, you can't?  Oh, that makes YOU the liar then, doesn't it?  Mistakes are not lies, sorry.  No matter how much you want them to be, they aren't.  I have no idea what you're talking about with regards to "sarcasm for the criminal" unless you mean that you are a criminal and you're using sarcasm.  I could believe that.  We've already established that you are a liar.


What on gods green earth does purchasing new benches have to do with assembly?  Do you think we assembled thousands of FPGA boards on the floor?  Are you that stupid that you can't figure this out?  Yes, I think you might be.

Once again, we shipped a very profitable FPGA line.  Do you think that just materialized out of thin air?  How do you think that was accomplished?  Where do you think the profits for that went?


Yes, I do believe you are a criminal, but a terminally stupid one.  You are truly a moron, thanks for confirming it.

This just in BFL is officially shipping units to customers.

It's legit, we've all seen the video!

let's just wait and see 

Don't know, but 2 weeks is ample time to get some confirmations. If there's no confirmation in 2 weeks, I'll tell Paypal to cancel the payment, and walk away. 

They say they have shipped a few units, but is it confirmed from any buyers yet?

OK, so now that I've seen that they've actually shipped a product, I immediately ordered a Jalapeno using Paypal's "pay after it's delivered" option. That gives me 2 weeks to decide if they appear to be continuing to make a concerted effort to ship them. I know this won't mean that *I* get mine in 2 weeks, but it will give me time to decide if I need to bail or not.

The way I see it, a $300 miner that will do 5gh is a no-lose situation. Even if the market gets completely flooded, and difficulty goes through the roof, at that point, it becomes the ONLY way to mine. Your $10,000 GPU mining rig won't be earning any faster than my $300 Jalapeno, so you still "lose", and I still win.

No way in hell I'm investing in GPU equipment at this point. If the Jalapeno breaks even even if it takes a year, I'm still ahead in the long game, and I doubt that it'll take that long. Once the Butterflies hit the Bitcoin mining pools, all the GPUs are gonna get pulled off, and sold, or focused on some other coin, like litecoin, which will ease up on competition in the bitcoin mining realm. There's no way a GPU rig will break even on power costs, once the AISC goes mainstream...

Seriously, I hope BFL is not a scam. Even if they deliver in July I will be happy. Partly, I do want to make money from mining. Partly, I feel that to keep bitcoin up and alive, it is important for there to be as many miners as possible and not have the whole blockchain maintained by just a few.

I did buy two BFL machines, a single and a jalapeno way back in February. I am trying to decide whether to just wait for delivery, ask for a refund, or sell my preorder position.  Any suggestions?

My order number is: Order #100016XXX   I did Xed out the 3 lowest digits
I ordered it on: February 19, 2013

If anyone is interested in buying my preordered Jalapeno, contact me and tell me what you would pay. I would accept a bid in either bitcoin or USD.
I can provide proof that I actually ordered the Jalapeno to any serious offer.

LorenzoMoney at gmx dot com
 

This is why I can never win or catch a break.

Butterfly labs doesn't care.. they produced FPGA products to consumers that worked. They were and continue to be a legit business. Why throw that away for some odd million $? They wouldn't. They can and will make more money producing a product. BTW the pay methods are not just wire transfer and bitCoin. I paid through paypal with an E-check. Easy as hell to trace and dispute if sh*t DOES hit the fan. For now.. the risk is worth the reward. You have nothing to lose. If by the time you get the hardware ASIC has already dominated the network and the difficulty is at a point where you are yielding slow minimal profits.. then guess what, the demand for ASIC hardware will be at an all time high?! You can still sell your hardware. No one will be simply "OUT" money as several people here have suggested. Hell and i'm one who actually believe's in conspiracies commonly.

If anyone follows the Arms manufacturers in the last 6 months you already understand perfectly what is happening with this company. They are overwhelmed with orders from people in a literal panic to get hands on hardware. It is no surprise and relatively typical for a growing company. Sit back and enjoy the ride people

Hey,

I'm new to the forum and I've been following the BFL debate for quite a while now and thaught of a method allowing BFL to prove their legitimacy without any doubt:

They should announce a name under which they would let one of their MiniRigs mine in a pool.

Since that machine is supposed to produce 1,5 TH mining power the preorderers of the MiniRig would then be able to see that name in the list of the top hashing users in the pool.

If they really hat these machines they would already do that for a few minutes.

Every video that only shows BFG Miner on the laptop screen could easily be staged, so if I would have invested $29k I would ask them to do that!

I think there's quite a few people who need to re-read and comprehend what a ponzi scheme is. BFL is not a ponzi scheme, Bitcoin is not a ponzi scheme, regular businesses are not a ponzi scheme.