Topic: Butterflylabs Huge SCAM - page 76. (Read 415652 times)

Tracking BFL shipped days here:  http://bfl.miningrigstuff.com/

scary...now shipping. does anyone know how to see an udated list?

 talked to a BFL customer support rep today and he said all recent orders will likely not ship until September. Seems like a losing game.

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Ive known they are a scam for the longest time

has anyone here seen that?

https://bitcointalksearch.org/topic/m.2392741

You really have to define "a bit of time." I defined it clearly in my post, and my math is not off based on the assumptions I posted. Please don't accuse me of being wrong when I provide all of the assumptions I used for the calculations, unless you've done the math with those assumptions yourself (and you can prove I did them wrong).

My math is correct according to the assumptions I gave and I stand by it. A 50 GH single will only ever produce about 28 BTC ($2800) if delivered in September and my assumptions prove correct.

If you want to argue about 18% increases every retarget being too pessimistic from Sept '13 to March '14 (when all currently available BFL devices become unprofitable at $0.11/KWh) , that's fine, but don't just say "your math is off." However, I don't think 18% is at all unreasonable. When GPUs were rolling out, we saw difficulty go from 19 to 9000 in about 5 months. And that's an order of magnitude greater than the change we're talking about (19M to 900M). If ASICs come on line at that rate, we'll be at 9 billion by February (except that none are profitable there, so it won't happen). But I don't think 900M is unreasonable by Jan 1. Granted we will see some leveling off after that as less efficient ASICs become unprofitable. But if 28 nm products are real and rolling out, they will quickly obsolete everything less efficient. This is a pretty inevitable path we're going down.

My entire point is that delays are extremely costly going forward. Progress is relentless.

we still ordering them 

Brilliant and if he had an order you would say just shut up and get a refund and he would also be a hypocrite.

Face palm*

I posted a pic of mine a few pages back, go take a look

True enough.  At $100 per coin, at $0.15/kw hour, a Single SC will bring in $67.07 per month after power costs at difficulty 900 million.  

At a 10x increase in hashing power, or ~280 TH, it would bring in $565 per month roughly, after power costs.  At $10 per coin, it's still bringing in $56 a month.

BFL doesn't price their products in BTC, they are sold for USD, so any factoring and figuring you do is in USD and then feel free to convert from there.

LOL... not sure if it is politically correct to laugh, but I did smile.  Thx.

I have one, his name is Asic. We got him from Better Florida Living. He works the family mine at night and during the day he makes the most delicious Chili Rellenos. Yum!

According to your profile, you werent even a member 3 months ago.

It´s understandable you don't want your devices called unprofitable. But - no offense - your post didn´t contain any math at all.

You´re using US-Dollar (power cost) as the base of your argument. You could do that. But what exchange rate Bitcoin - Dollar did you assume to come to your conclusion? Todays 100? Last weeks 120? Last months 150? Or the 13 half a year ago? Your reasoning makes no sense without that.

Or your basing your argument on Bitcoin. Thats of course only valid for those who bought your device with Bitcoins that haven´t been exchanged for FIAT. And even then, at least power costs have to be paid in Dollars - so you have to calculate break-even based on BFL price and power in FIAT. You see? Same same.

That said - and with all the love in der world - maybe you should not argue break even or profitability of BFL devices seeing the difficulty going up immensely since months without a chance for your customers to participate in time.

That's because then, just as now, you have no idea what you're talking about.  Why do you think people would listen to someone who is a nutcase?

Can anyone confirm they have received an ASIC from BFL?  Pictures mining would be nice.

....says the guy that doesn't have a jalapeno because he didn't order...

Butterflylabs is and has been a scam. No one listened to me 3 months ago...

profitable it mean, that it will make roi x2 at least, x 3 if you want to race with the difficulty, so you can buy the next device