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Topic: Butterflylabs Huge SCAM - page 151. (Read 415652 times)

full member
Activity: 155
Merit: 100
April 20, 2013, 06:52:20 PM
So glad I saw this thread, I was looking to invest in one of these - Looks like I'll go back to saving up for the hardware myself and building a better rig. Just need to save, which will take time... Sad
Evo
newbie
Activity: 22
Merit: 0
April 20, 2013, 06:47:01 PM
Thanks for the info, guys. I'm glad I didn't end up ordering.
sr. member
Activity: 406
Merit: 250
April 20, 2013, 05:23:36 PM
Cryptocondom BFL protection pack


https://bitcointalksearch.org/topic/m.1897484

Extended protection for those taking out pre-orders with BFL.
newbie
Activity: 57
Merit: 0
April 20, 2013, 05:19:17 PM
Mayby they are working but for Yuorself for Yours money. They will say we will shipping in next month.. next next next = never.
newbie
Activity: 9
Merit: 0
April 20, 2013, 05:02:52 PM
Constant pushing up delivery date = don't know what we're doing. They may legitimately wish to sell asics but they don't know how to engineer them as evident by weekly updates stating there some new problem with the chip or the board they didn't anticipate.
legendary
Activity: 1106
Merit: 1000
April 20, 2013, 03:03:48 PM
Anyone had their product in hand?
sr. member
Activity: 434
Merit: 250
April 20, 2013, 12:15:33 PM
The main issue, for me atleast, is the overriding question as to why they don't just run their products themselves? Surely their cost of capital is not so high that they can't finance construction without customer deposits and capture a nice spread as their mining produces fantastic returns?

You could use same logic with Avalon, and they have shipped. Hardware companies make hardware.
newbie
Activity: 52
Merit: 0
April 20, 2013, 10:34:13 AM
The main issue, for me atleast, is the overriding question as to why they don't just run their products themselves? Surely their cost of capital is not so high that they can't finance construction without customer deposits and capture a nice spread as their mining produces fantastic returns?
legendary
Activity: 1241
Merit: 1020
No surrender, no retreat, no regret.
April 20, 2013, 10:18:12 AM
BFL have delivered FPGAs in the past. They also have some kind of a trade-in program. We'll see.
newbie
Activity: 6
Merit: 0
April 20, 2013, 10:06:13 AM
but there are also other coins that look like scam.
mainly the give aways... :\
newbie
Activity: 10
Merit: 0
April 20, 2013, 09:59:13 AM
About BLF I find out few days ago, for me it's look like scam, they take money and give only promises
newbie
Activity: 9
Merit: 0
April 20, 2013, 09:58:54 AM
I would never go for one of their ASICS without a proof of concept
newbie
Activity: 6
Merit: 0
April 20, 2013, 09:57:07 AM
that's why I think is important to always stay with one type of coin.
others are scams...
newbie
Activity: 3
Merit: 0
April 20, 2013, 09:55:06 AM
Ceo was a convicted felon for fraud.
There's no way he'll deliver.
legendary
Activity: 1241
Merit: 1020
No surrender, no retreat, no regret.
April 20, 2013, 09:31:59 AM
It's speculated that BFL have started to use the HW for themselves since the BTC rise a few months back. Maybe there are also some serious HW/SW bugs to catch and fix.
newbie
Activity: 42
Merit: 0
sr. member
Activity: 434
Merit: 250
April 20, 2013, 09:07:47 AM
Some rumors they have some kind of prototype working: http://bitcoinmagazine.com/bitcoin-developer-receives-first-butterfly-labs-asic/
Question remains of course if and when they will be shipping.

Apparently a couple have shipped to developers.

https://forums.butterflylabs.com/blogs/bfl_jody/131-asics-trickle-out.html
newbie
Activity: 29
Merit: 0
April 20, 2013, 07:58:00 AM
Some rumors they have some kind of prototype working: http://bitcoinmagazine.com/bitcoin-developer-receives-first-butterfly-labs-asic/
Question remains of course if and when they will be shipping.
member
Activity: 84
Merit: 10
April 20, 2013, 06:21:43 AM
BFL is an acronym for Big F**king Lie
newbie
Activity: 13
Merit: 0
April 19, 2013, 01:19:35 PM
Taking the money up front should tell you something...
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