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Topic: Butterflylabs Huge SCAM - page 39. (Read 415663 times)

legendary
Activity: 980
Merit: 1040
October 18, 2013, 05:15:09 AM
Some of you are just plain silly. The difficulty involved in reverse engineering a finished asic in order to "steal" the IP is at least a few orders of magnitude higher than just designing a (better) bitcoin chip.
sr. member
Activity: 447
Merit: 250
October 18, 2013, 03:35:46 AM
It's (to me) more plausible that they are just incompetent and lack the manpower/skills to produce more units at a faster pace. Again, just my opinion.

Really, once they had the designs ready, why didn't they have the units built in China instead of making themselves? It's like Apple making iPhones themselves, by the time the iPhone 5 was announced they'd still be working on the backlog of iPhone 4 orders. Roll Eyes

Maybe because they didn't want the chinese to steal the technology.  The stuff that makes up an iphone is largely off the shelf.  To the degree there are any really high end proprietary components inside I bet they are not manufactured by just any random cheap chinese contract manufacturer...

Chinese have the one of the worst track records in the world for stealing technology and IP


The chip design itselves is the most important technology and is produced in china. And whou would steal 55nm consuming over 4W/GHs design? Pretty bad design, considering on market are 28nm consuming under 1W/GHs
member
Activity: 70
Merit: 10
October 18, 2013, 01:51:08 AM
It's (to me) more plausible that they are just incompetent and lack the manpower/skills to produce more units at a faster pace. Again, just my opinion.

Really, once they had the designs ready, why didn't they have the units built in China instead of making themselves? It's like Apple making iPhones themselves, by the time the iPhone 5 was announced they'd still be working on the backlog of iPhone 4 orders. Roll Eyes

Maybe because they didn't want the chinese to steal the technology.  The stuff that makes up an iphone is largely off the shelf.  To the degree there are any really high end proprietary components inside I bet they are not manufactured by just any random cheap chinese contract manufacturer...

Chinese have the one of the worst track records in the world for stealing technology and IP
hero member
Activity: 644
Merit: 500
October 17, 2013, 04:53:09 PM
It's (to me) more plausible that they are just incompetent and lack the manpower/skills to produce more units at a faster pace. Again, just my opinion.

Really, once they had the designs ready, why didn't they have the units built in China instead of making themselves? It's like Apple making iPhones themselves, by the time the iPhone 5 was announced they'd still be working on the backlog of iPhone 4 orders. Roll Eyes

My reading of past blog/forum posts was that perhaps fpgas were built off site, leading to quality issues, so they brought production in house, which was supposed to be a plus (ie more control over production quality, etc). It's just that they failed to realize how arduous the assembly task would be. Hopefully, for their sake and that of their customers, monarch production will be done offshore, and they can either direct the producer where to ship final orders or they accept bulk shipments to their facility for testing and burn-in and then reship to customers

I'm all for made in the USA and jobs, but electronics assembly done in the US? No way, far too expensive for no benefit at all.
hero member
Activity: 798
Merit: 1000
October 17, 2013, 04:41:03 PM
It's (to me) more plausible that they are just incompetent and lack the manpower/skills to produce more units at a faster pace. Again, just my opinion.

Really, once they had the designs ready, why didn't they have the units built in China instead of making themselves


Maybe they are patriots and give job to US workers. Or maybe just incompetent cowboys, who knows

hero member
Activity: 602
Merit: 500
Your *what* is itchy?
October 17, 2013, 01:01:53 PM
It's (to me) more plausible that they are just incompetent and lack the manpower/skills to produce more units at a faster pace. Again, just my opinion.

Really, once they had the designs ready, why didn't they have the units built in China instead of making themselves? It's like Apple making iPhones themselves, by the time the iPhone 5 was announced they'd still be working on the backlog of iPhone 4 orders. Roll Eyes

That would've made sense, but who knows why they chose to try and do the manufacturing in-house? Anyway, as I have no personal stake in The ASIC Warz now, beyond warning my friends and family to avoid BFL like a disease-infested hooker, I'll take my leave of this thread. :-)
hero member
Activity: 784
Merit: 501
October 17, 2013, 12:25:59 PM
It's (to me) more plausible that they are just incompetent and lack the manpower/skills to produce more units at a faster pace. Again, just my opinion.

Really, once they had the designs ready, why didn't they have the units built in China instead of making themselves? It's like Apple making iPhones themselves, by the time the iPhone 5 was announced they'd still be working on the backlog of iPhone 4 orders. Roll Eyes
legendary
Activity: 3431
Merit: 1233
October 17, 2013, 11:03:30 AM
It's (to me) more plausible that they are just incompetent
They are very competent crooks. BFL was a scam from the very start.
hero member
Activity: 602
Merit: 500
Your *what* is itchy?
October 17, 2013, 10:36:42 AM
i don think they ever want to deliver

Wrong. A lot of people have received their BFL equipment. Hell, I got mine back in july, mined for a bit, then flipped them out to local buyers for about a $1600 profit.

Not saying that BFL aren't a bunch of incompetent, sneaky, misinformationing bastards. They are.  But people still harping on how BFL will "never deliver" when they have clearly been delivering for months is just retarded, poorly-informed ignorance.



But BFL eighter are bunch of incompetent, sneaky, misinformationing bastards or they delayed the shipments and mined themselves. They have to ship in second cause as well because the miners use so much electricity they could not mine with more miners anyway

I don't think they are doing extensive mining with units before shipping them, but that's just my opinion. A 24-36 hour "burn-in" test of each unit is not unreasonable.  If they were mining for weeks with each unit before shipping, and proof of that was made public (to my knowledge, no such proof of massive mining with customer units has been shown) the backlash from their customers, their detractors and the bitcoin community at large would be pretty severe. Right now, it's pretty well confined to a relatively small group of vocal opponents here on bitcointalk, who talk of potential lawsuits, class actions, etc etc. 

It's (to me) more plausible that they are just incompetent and lack the manpower/skills to produce more units at a faster pace. Again, just my opinion.
full member
Activity: 306
Merit: 100
October 17, 2013, 09:43:50 AM
i don think they ever want to deliver

Wrong. A lot of people have received their BFL equipment. Hell, I got mine back in july, mined for a bit, then flipped them out to local buyers for about a $1600 profit.

Not saying that BFL aren't a bunch of incompetent, sneaky, misinformationing bastards. They are.  But people still harping on how BFL will "never deliver" when they have clearly been delivering for months is just retarded, poorly-informed ignorance.



But BFL eighter are bunch of incompetent, sneaky, misinformationing bastards or they delayed the shipments and mined themselves. They have to ship in second cause as well because the miners use so much electricity they could not mine with more miners anyway
hero member
Activity: 602
Merit: 500
Your *what* is itchy?
October 17, 2013, 09:21:05 AM
i don think they ever want to deliver

Wrong. A lot of people have received their BFL equipment. Hell, I got mine back in july, mined for a bit, then flipped them out to local buyers for about a $1600 profit.

Not saying that BFL aren't a bunch of incompetent, sneaky, misinformationing bastards. They are.  But people still harping on how BFL will "never deliver" when they have clearly been delivering for months is just retarded, poorly-informed ignorance.

Would I order from BFL again if I were gonna get back in to mining? Not a fucking chance. Would I recommend anybody buy anything from BFL? Hell to the naw.

In summary, don't read the first 10 pages of this thread and post ignorant shit about how BFL will never deliver anything. Educate yourself before you post.

Remember: It is better to stay silent and be thought a fool, than to speak and remove all doubt.
sr. member
Activity: 552
Merit: 250
October 17, 2013, 08:48:36 AM
Anyone that hasn't received their miner from BFL should just get a refund now of (if you're desperate to stay in the game) upgrade to the Monarch and risk the exact same thing happening.


Upgrading to Monarch is the worst option because before these gets shipped these will be unprofitabe as well. And given BFL track record, you have to expect Monarch wont be shipped as now promised (in February I believe)
hero member
Activity: 546
Merit: 500
October 17, 2013, 08:39:37 AM
i don think they ever want to deliver
legendary
Activity: 1176
Merit: 1005
October 17, 2013, 08:12:00 AM
I got my BFL 60Gh/s miner and I'll be stoked to break even (and I ordered mine in early Feb).  Anyone that hasn't received their miner from BFL should just get a refund now of (if you're desperate to stay in the game) upgrade to the Monarch and risk the exact same thing happening.  I hate to say it, but BFL is a scam.  My miner came back with scratches all over and a fan that was broken.   I'm pretty sure those dirtbags mined with it before shipping it (why else would it look used). 

Would you rather be shipped a dysfunctional miner, or had them test it before they shipped it? (Assuming the broken fan was from poor shipping)

So by "test it" you mean "use it so much it's broken when you get it?"
hero member
Activity: 493
Merit: 500
October 17, 2013, 02:43:23 AM
how much did they actualy scam  , i heard they still sending the rig on thier forum

The scam is the delay, they will send you the unit with the spec you ordered when it is not profitable anymore.

But to be fair, those waiting almost one year got it when it was profitable
newbie
Activity: 46
Merit: 0
October 16, 2013, 10:46:56 PM
how much did they actualy scam  , i heard they still sending the rig on thier forum
sr. member
Activity: 392
Merit: 250
October 16, 2013, 08:29:06 PM
Anybody have successfully receive any refund from pre-order? I would really like to know..

i am curious about that too , i have 2 order and not processing at all .

many people got refunds.  I got a refund of around $6k about 90 days after I ordered by calling American Express which did a charge back to paypal which contacted BFL.  They didn't hear back so Paypal gave me the full refund to my Amex..



what about after 5 month of order ? any idea or suggest ?

I guess it should also work if you pay by credit card.
legendary
Activity: 1372
Merit: 1000
October 16, 2013, 07:28:22 PM
Anybody have successfully receive any refund from pre-order? I would really like to know..

i am curious about that too , i have 2 order and not processing at all .

many people got refunds.  I got a refund of around $6k about 90 days after I ordered by calling American Express which did a charge back to paypal which contacted BFL.  They didn't hear back so Paypal gave me the full refund to my Amex..



what about after 5 month of order ? any idea or suggest ?
hero member
Activity: 778
Merit: 563
October 16, 2013, 07:22:12 PM
Anybody have successfully receive any refund from pre-order? I would really like to know..

i am curious about that too , i have 2 order and not processing at all .

many people got refunds.  I got a refund of around $6k about 90 days after I ordered by calling American Express which did a charge back to paypal which contacted BFL.  They didn't hear back so Paypal gave me the full refund to my Amex..

full member
Activity: 155
Merit: 100
October 16, 2013, 06:14:45 PM
Anybody have successfully receive any refund from pre-order? I would really like to know..

i am curious about that too , i have 2 order and not processing at all .
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