Butterflylabs Huge SCAM - page 156. | Bitcointalksearch.org

jml

full member

Activity: 238

Merit: 100

Quote from: alt229 on April 08, 2013, 09:11:49 PM

I can't say if BFL is a scam or not but no one has ever lost money betting against them on bitbet.us or betsofbitco.in :-/

I have seen those sites, but I don't think I'll gamble my bitcoins. Who knows if BFL would put hamsters running in a wheel to do the hashing instead of ASIC chips inside the black boxes with fans Wink

alt229

newbie

Activity: 15

Merit: 0

I can't say if BFL is a scam or not but no one has ever lost money betting against them on bitbet.us or betsofbitco.in :-/

InspiredEye

member

Activity: 98

Merit: 10

Quote from: jml on April 07, 2013, 09:51:39 PM

Nice fish tank! Maybe you can add battery operated fish that swims around for an extra hashing power! Tongue

EDIT
====
http://www.amazon.com/Petquarium-Battery-Operated-Animated-Fish/dp/B002NEWCC0

Bwahaha! I'll try that Wink

creativex

sr. member

Activity: 434

Merit: 250

You were saying JZ...?

jml

full member

Activity: 238

Merit: 100

@Inaba, I am aware that you may be associated with BFL and you are dismissing my claim easily, so I will submit my invoice and credit notes here as screenshots with personal details omitted. All I am asking is for clarification as to why I have on the refund note a fee charged on the original sum I have paid for. It might be something as stupid as a software error on your billing platform.

This is the invoice when I purchased the Jalapeno:

This is the refund note with the adjustment fee charge:

Minor Miner

legendary

Activity: 2380

Merit: 1019

Be A Digital Miner

Quote from: Inaba on April 08, 2013, 05:45:26 PM

Quote from: jml on April 08, 2013, 05:12:14 PM

I have added on another topic that BFL takes a cut when refunding customers over paypal payments. I have included a screenshot for people to see.

https://bitcointalksearch.org/topic/m.1774005

I would exercise caution if you plan to order from BFL as they have not been very honest with their shipping dates and 1GH/1W power consumption rates as was promised previously to pre-order customers.

Just a point of fact, this JML guy is completely fabricating the whole "BFL takes a cut" stuff. It is patently false and ludicrous. 100% incorrect information. BFL does not now, nor has ever taken any sort of additional funds when refunding a customer.

Who are you? INABA? I would feel better if BFL_Josh would make this statement, not some guy named Inaba. What information do you have for us that would indicate you are worthy of trust? Didn't you say you would be shipping next week after you won your BET? When is "next week" when you are posting on March 31, 2013?

jml

full member

Activity: 238

Merit: 100

Inaba, have a look at the link and then come back. How can you explain the adjustment fee?

Inaba

legendary

Activity: 1260

Merit: 1000

Quote from: jml on April 08, 2013, 05:12:14 PM

I have added on another topic that BFL takes a cut when refunding customers over paypal payments. I have included a screenshot for people to see.

https://bitcointalksearch.org/topic/m.1774005

I would exercise caution if you plan to order from BFL as they have not been very honest with their shipping dates and 1GH/1W power consumption rates as was promised previously to pre-order customers.

Just a point of fact, this JML guy is completely fabricating the whole "BFL takes a cut" stuff. It is patently false and ludicrous. 100% incorrect information. BFL does not now, nor has ever taken any sort of additional funds when refunding a customer.

jml

full member

Activity: 238

Merit: 100

Quote from: discopete on April 08, 2013, 01:51:25 PM

I don't think it's a blatent deliberate scam, more a case of unfortunate delays making the market lose confidence.

The proof is in the pudding; until I see BFL shipping and delivering on what was promised, I will not bank on them. For now, they stink of scam.

jml

full member

Activity: 238

Merit: 100

I have added on another topic that BFL takes a cut when refunding customers over paypal payments. I have included a screenshot for people to see.

https://bitcointalksearch.org/topic/m.1774005

I would exercise caution if you plan to order from BFL as they have not been very honest with their shipping dates and 1GH/1W power consumption rates as was promised previously to pre-order customers.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: discopete on April 08, 2013, 01:51:25 PM

I don't think it's a blatent deliberate scam, more a case of unfortunate delays making the market lose confidence.

That's simply not the case. If you search these very forums you will find that the COO of BFL(BFL_Josh/Inaba) among others at BFL have been ~~misleading~~ lying to investors about shipping dates and power consumption estimates for months. Continuously leading investors to believe that BFL could ship any day and verbally attacking anyone that questioned their perfect 1w/Gh "estimates". This has been going on since at least September of 2012. The evidence is all over this forum, you've only to seek it.

...and ASICMiner shares are available in abundance.

https://btct.co/security/ASICMINER-PT

discopete

newbie

Activity: 10

Merit: 0

I don't think it's a blatent deliberate scam, more a case of unfortunate delays making the market lose confidence.

I paid by PayPal, 2 Singles ($1386) in order to get some protection, when it became obvious that the product would not ship before the PayPal 45 day rule I raised a ticket stating that I specifically did not want my order cancelled but I was opening a resolution ticket to raise my concerns about potential non delivery of product.

Paypal didn't respond but almost by return I was issued a credit note by Butterfly and my order cancelled, a few days later and my PayPal account is refunded in full.

Yes, I've lost my place in the queue, but to be honest - if there are 30,000 pre-orders and an additional unspecified wait, then the advantage of getting into ASIC mining has passed and the economics do not work. It's a shame, but this is the best outcome. I was too late to the party, and I chose the wrong supplier.

IMHO The smart money bought shares in ASICMiner, but alas they are no longer available either.

BitSmile

full member

Activity: 126

Merit: 100

F*** BFL!
They are scamming themselves.

The Mafia

newbie

Activity: 50

Merit: 0

This all scares me because I have invested $400 in BFL.

WIsh I had of read this stuff a bit sooner.

BUt I guess its only about a months worth of mining for me.

Fuck scammers though. If its true, I hope the CEO of BFL goes back to jail.

JonFocus03

newbie

Activity: 20

Merit: 0

I was thinking of trying it but still debating on that or just water system.

Jon

nathangonmad

newbie

Activity: 14

Merit: 0

Not a fan of mineral oil cooling. You need such a huge reservoir and even then its not that much better than air. If you really want god cooling get some water blocks and make a water cooling loop.

jml

full member

Activity: 238

Merit: 100

Apparently not what what it says here.

http://www.pugetsystems.com/submerged.php

"Heat generated by the PC is transferred into the mineral oil at a rate over 5 times better than air."

2x0ninja

newbie

Activity: 24

Merit: 0

Quote from: InspiredEye on April 07, 2013, 09:20:35 PM

Yep, it's likely due to cooling issues. I'm planning on running mine via an exotic cooling setup, without the box cover. Leaning towards an aquarium setup using mineral oil, something like this http://images.bit-tech.net/content_images/2010/12/mod-of-the-year-2010/g1-1280x1024.jpg

Isn't the problem with mineral oil that you can't cool it off after it heats up, making it a bad idea for a 24/7 machine like a miner?

jml

full member

Activity: 238

Merit: 100

Nice fish tank! Maybe you can add battery operated fish that swims around for an extra hashing power! Tongue

EDIT
====
http://www.amazon.com/Petquarium-Battery-Operated-Animated-Fish/dp/B002NEWCC0

InspiredEye

member

Activity: 98

Merit: 10

Quote from: Minor Miner on April 07, 2013, 08:16:23 PM

Quote from: jml on April 07, 2013, 08:03:41 PM

They state that all minirigs have been sold out. Personally, I think the minirig is out of the reach of many typical miners and perhaps they focused more on cheaper variants. But do they exist?

They probably pulled the mini rigs because they are not physically possible to make. Think about how much heat would be coming from 9000W inside that little tin box. The fans would do nothing (other than fan the flames so to speak)

Yep, it's likely due to cooling issues. I'm planning on running mine via an exotic cooling setup, without the box cover. Leaning towards an aquarium setup using mineral oil, something like this

Topic: Butterflylabs Huge SCAM - page 156. (Read 415652 times)