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Topic: Does Butterfly Labs Deliver? (Read 6335 times)

sr. member
Activity: 386
Merit: 250
September 20, 2012, 11:54:09 AM
#45
you have a BFL product? pics?HuhHuhHuhHuh video?HuhHuh proof?Huh??


I have 3 BFL products and there are lots of posts here with people spending 15k and getting product so don't worry about your $150 investment I have 10k down on SCs.

Cheers

Davinci

Same here - I've got singles and have invested in asic upgrades for them.

Ditto and I have BFL gear running that I see and touch every day.  I also have my SC order in as well.
sr. member
Activity: 420
Merit: 250
September 20, 2012, 11:20:18 AM
#44
you have a BFL product? pics?HuhHuhHuhHuh video?HuhHuh proof?Huh??


I have 3 BFL products and there are lots of posts here with people spending 15k and getting product so don't worry about your $150 investment I have 10k down on SCs.

Cheers

Davinci

Same here - I've got singles and have invested in asic upgrades for them.
hero member
Activity: 780
Merit: 510
Bitcoin - helping to end bankster enslavement.
September 18, 2012, 06:29:10 PM
#43
you have a BFL product? pics?HuhHuhHuhHuh video?HuhHuh proof?Huh??


I have 3 BFL products and there are lots of posts here with people spending 15k and getting product so don't worry about your $150 investment I have 10k down on SCs.

Cheers

Davinci
legendary
Activity: 952
Merit: 1000
September 16, 2012, 11:43:32 PM
#42
They have refused to allow anyone to pick up a unit or see their facility.  I have asked.  I'm very close to Kansas City, so it would be easy if I knew their address.
Not true, some people have gotten to see it.
It's always easier to ask forgiveness than permission.  Grin Just show up and see what happens.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
September 16, 2012, 09:10:46 PM
#41
They have refused to allow anyone to pick up a unit or see their facility.  I have asked.  I'm very close to Kansas City, so it would be easy if I knew their address.

Not true, some people have gotten to see it.
member
Activity: 98
Merit: 10
September 16, 2012, 09:03:45 PM
#40
They have refused to allow anyone to pick up a unit or see their facility.  I have asked.  I'm very close to Kansas City, so it would be easy if I knew their address.
newbie
Activity: 14
Merit: 0
September 15, 2012, 12:56:21 PM
#39
So many pre-orders with 0 proof that the ASIC tech will even work.... its just blows my mind that so many people will throw thousands into a site that sells you a place in line...

I have a few worries, but $170 of investment isn't much for me. Can't speak for people who have pre-purchased single SC's or even mini rig SC's, for me that is just too much to invest in something I have yet to see actual proof of, though if I have owned BFL machines before I could have a different outlook on this.
full member
Activity: 322
Merit: 100
September 15, 2012, 12:52:49 PM
#38
So many pre-orders with 0 proof that the ASIC tech will even work.... its just blows my mind that so many people will throw thousands into a site that sells you a place in line...

Now i understand how so many of you guys are taken for everything your worth by people like Pirate.
newbie
Activity: 14
Merit: 0
September 15, 2012, 12:44:42 PM
#37
Sincerely hoping my jalapenos will get here before the end of the year. I've heard they are just NOW shipping singles (Not ASICS) ordered from early August.

The singles shipping time is the best its ever been.  You should have done more research if you were worried about a 30 day turnaround.

I've read and done quite a bit of research on BFL and their problematic shipping, and I of course was not looking for a 30 day turnaround, I was given an estimate that pre-orders would begin shipping late October-Early November, so I'm hoping to get it before January.
vip
Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
September 15, 2012, 12:29:05 PM
#36
Sincerely hoping my jalapenos will get here before the end of the year. I've heard they are just NOW shipping singles (Not ASICS) ordered from early August.

The singles shipping time is the best its ever been.  You should have done more research if you were worried about a 30 day turnaround.
newbie
Activity: 14
Merit: 0
September 15, 2012, 12:21:05 PM
#35
Sincerely hoping my jalapenos will get here before the end of the year. I've heard they are just NOW shipping singles (Not ASICS) ordered from early August.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 15, 2012, 09:59:54 AM
#34
decentralized digital currency is the people's weapon against international banking cartels.

Nice turn of phrase.  Mind if I steal it?   Cheesy
hero member
Activity: 560
Merit: 500
September 15, 2012, 09:58:34 AM
#33
Well the key as Paladin pointed is securing the network. I wasn't comfortable with BFL's pre-order restrictions which is why I didn't buy from them. I also was concerned about distribution of ASIC technology which we all went over ad nauseum. I feel comfortable now that there is some competition and it appears BFL has addressed previous issues.

In the end we will now see wide deployment of ASIC technology which I NEVER felt was a bad thing, as along as it was distributed widely so there was limited chance of "cornering" the mining market.

Of course people will still be pissed if there is a price war, because we all know this technology had high development cost and very low production cost after the product is developed.

This might not be great for early adopters depending on when prices drop, but it will certainly be good for the network as people will continue buying hardware as prices drop.

In the end we will see bitcoin being secured by a petahash in due time.

This is great news for any of us who believe decentralized digital currency is the people's weapon against international banking cartels.

As someone who has a few business plans for bitcoin related businesses, this is the news I had been waiting for.

+1

now we only need to get more buisnisess to accept bitcoin, as finland is at a good start im hoping atleast scandinavia will follow in there footsteps.

i live in a pretty small town, like 10k-15k ppl and ive allready talked to a few of the local shops about it, and they seem to be a bit interested Cheesy ( pun intended Tongue )
would be awsome beeing able to go out and buy groceries or hardware and whatnot for bitcoins using a smartphone  Cool
hero member
Activity: 535
Merit: 500
September 15, 2012, 09:26:54 AM
#32
Well the key as Paladin pointed is securing the network. I wasn't comfortable with BFL's pre-order restrictions which is why I didn't buy from them. I also was concerned about distribution of ASIC technology which we all went over ad nauseum. I feel comfortable now that there is some competition and it appears BFL has addressed previous issues.

In the end we will now see wide deployment of ASIC technology which I NEVER felt was a bad thing, as along as it was distributed widely so there was limited chance of "cornering" the mining market.

Of course people will still be pissed if there is a price war, because we all know this technology had high development cost and very low production cost after the product is developed.

This might not be great for early adopters depending on when prices drop, but it will certainly be good for the network as people will continue buying hardware as prices drop.

In the end we will see bitcoin being secured by a petahash in due time.

This is great news for any of us who believe decentralized digital currency is the people's weapon against international banking cartels.

As someone who has a few business plans for bitcoin related businesses, this is the news I had been waiting for.
legendary
Activity: 952
Merit: 1000
September 15, 2012, 01:29:34 AM
#31
I'm estimating 120-150 days to pay itself off depending on where the spot price goes.  I earned almost $3.5K my first month owning...I would've been $4.5K if it weren't for Pirate causing the market to drop due to his stealing from others.  No stock in the world can return that kind of dividend regardless.  I will be upgrading to ASIC.  I'm even tempted to buy a second ASIC rig.

People also have to remember that those of us buying mini-rig's aren't buying into bitcoin.  We're buying into the security network that can audit the ledger transactions that just so happens to earn coins and fees in the process.

These rigs can be retooled to mine for anything else the market decides could possibly be more valuable than bitcoin in the future.  They can do a variety of things.  Even hackers see value in them for brute force stuff.  Their resale value should maintain so long as you keep up with the ASIC upgrade path.  SHA-2 has a variety of uses as a technology that many industries can see value in.

The biggest loser will be kids that can't afford more than GPU's and people that stick with FPGA's and not upgrade.  They will be displaced and drop out of the market.  It sucks for those that don't have money so I sympathize with them.

These ASICs perform a double SHA-256, which has been pointed out elsewhere, has no other functional use outside of bitmining. BFL said these cannot be used for password cracking. Hate to tell ya, but you're making a 30k bet that BTCs are here to stay.
hero member
Activity: 784
Merit: 1000
September 15, 2012, 12:42:55 AM
#30
I'm estimating 120-150 days to pay itself off depending on where the spot price goes.  I earned almost $3.5K my first month owning...I would've been $4.5K if it weren't for Pirate causing the market to drop due to his stealing from others.  No stock in the world can return that kind of dividend regardless.  I will be upgrading to ASIC.  I'm even tempted to buy a second ASIC rig.

People also have to remember that those of us buying mini-rig's aren't buying into bitcoin.  We're buying into the security network that can audit the ledger transactions that just so happens to earn coins and fees in the process.

These rigs can be retooled to mine for anything else the market decides could possibly be more valuable than bitcoin in the future.  They can do a variety of things.  Even hackers see value in them for brute force stuff.  Their resale value should maintain so long as you keep up with the ASIC upgrade path.  SHA-2 has a variety of uses as a technology that many industries can see value in.

The biggest loser will be kids that can't afford more than GPU's and people that stick with FPGA's and not upgrade.  They will be displaced and drop out of the market.  It sucks for those that don't have money so I sympathize with them.
legendary
Activity: 952
Merit: 1000
September 14, 2012, 06:06:01 PM
#29
Mini-rig was a pre-funding option for BFL to begin their ASIC development. They knew they would then have 50% lock-in for their ASIC terahash rigs or so it seems.

It will still work out for mini rig folks as long as they do the trade-up, without it they have zero economic chance outside of a huge price spike.
http://bitcoinx.com/profit/
Break even on a Single: 224 days.
Break even on a MR: 173 days.

IIRC, the first MR started showing up ~ 3 months ago. That's 90 days. we still have ~60 more days till the ASICs start shipping. That's pretty close to the break even, even without ASIC level difficulty.
hero member
Activity: 535
Merit: 500
September 14, 2012, 04:08:54 PM
#28
Mini-rig was a pre-funding option for BFL to begin their ASIC development. They knew they would then have 50% lock-in for their ASIC terahash rigs or so it seems.

It will still work out for mini rig folks as long as they do the trade-up, without it they have zero economic chance outside of a huge price spike.

sr. member
Activity: 466
Merit: 250
September 14, 2012, 12:41:28 PM
#27
I like my mini-rig.  But my estimated btc income per day is dropping slowly little by little...

Has the investment paid itself off yet?

No way. I'm not sure that any MiniRigs has time to pay itself off. Maybe gigavps got them early enough and sold coins when the price was ~14 but I doubt that.
sr. member
Activity: 285
Merit: 250
September 14, 2012, 12:28:49 PM
#26
Yes. But slowly
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