Topic: Has BFL found a new way to screw over it's customers, I'll let you be the judge. - page 2. (Read 4900 times)

Now they are selling hashing power....https://products.butterflylabs.com/homepage-new-products/1-gh-cloud-hosted-bitcoin-hashing-power.html

10%? Per month? What a joke.

To be fair, you cant just compare hardware cost with a hosted solution. Put that cointerra in a datacenter with electrcity/cooling/monitoring/redudant everything included for a year, and you end up paying a lot more than $3/GH/year too.

Using http://mining.thegenesisblock.com/a/d9fe520f0d which I feel is a fair outlook for Jan, make Sept 2013 = Jan 2014 and you can see these is a chance for positive RoI using a 10% increase monthly.

First, Cointerra is MUCH cheaper at about $3/GH/s. That's a factor of more than 3!

HashFast second batch is cheaper too at $8.75/GH/s and they are supposed to deliver in November!

Sounds like BFL is going to raise the difficulty by orders of magnitude with the 65nm hardware they should've shipped to customers.

So where do you stand on BFL now?  I agree with you that AM was fleecing people.

I'm not sure what would make you think that? 

https://forums.butterflylabs.com/pre-sales-questions/4974-so-lets-take-look-history-some-delivery-dates-predictions-bfl.html

Oh. Ok.

True, but most of the people in here who pooh poohed me for pointing out AM was fleecing people are now screaming BFL is fleecing people.  That my friend IS a hypocrite.

It is crystal clear in my mind no one a that company has any estimating or forecasting skills at all.

Actually this is lowest $/GH ratio available on ASIC market (excluding other BFL cards). Next one is KNCminer Jupeter with 12,48 $/GH (with preorder for November delivery). If BFL will activate this service even on February - these options are sort of the same by profitability.

BFL is very good at marketing and have great vision of future. Their delivery totally sucks, though. But everything is already foreseen by them.

Soon difficulty will skyrocket with cosmic rates. To keep stable income from BTC mining - one should buy new devices every month (and $/GH ratio will drop a lot in future to keep buyers, so amount of bought devices per month will grow). Does anybody want to have hundreds of devices in his room, and maintain all this stuff? Nope. Its much easier to buy mining contact - pay money and receive mining power instantly, without shipping and device setup and etc.. Plus, this is better for ASIC producer too - they do not need to process all these orders with shipping and packing. Just receive chips from manufacture, assemble on board, plug board into server rack.
Soon ASIC producing companies will start to switch to this contract delivery model. They must be stupid to leave this opportunity. And BFL does this now not because they have technology, but just to establish themselves as general provider of such service. Real result will be provided by them in two weeks after publicly announced date .
Its just their work model - promise thing that will be demanded in future, collect invests, promise, deliver when its not relevant anymore.
It looks totally promising, just don't invest anything until you will see that this service is online.

On August 19th when they introduced the Monarch and put the 'majority of the network' statement out there is was true.  

You care so much about the customers of 1 company and disregard the millions of other people being taken in regularly by all the other companies following the same practices.  Your compassion definitely has limits.

That "as of Aug 19th" isn't on the webpage. How is a regular customer supposed to know those statements are no long applicable? By leaving deceptive statements on the web page, something that may have been true once before is now simply dishonest.


You can thank Josh for being such a great PR person. He just inspires me.

This may be their lowest, but after this i really really want to see their next move. Any bets?

Wow. This is actually their lowest blow.

On August 19th when they introduced the Monarch and put the 'majority of the network' statement out there is was true.  Just cause times have changed you're demanding they change along with it.

Yet I don't see you tracking down the hundreds of other companies that have made claims that are now not true due to time and change.

Right, Bitfury isn't endgame. It's just the best that's currently available. Better stuff will come along.