Topic: Has BFL found a new way to screw over it's customers, I'll let you be the judge. - page 5. (Read 4900 times)

Let me see what I can do.

Sums it up well.

Could you please limit the length of your images to something that doesnt wear out my scroll wheel or my finger tip?
Maybe this will help:
http://chandoo.org/wp/2009/11/17/group-dates-in-pivot-tables/

or use thumbnails.
ty

I can only see this as an epic bombshell to those who bought/converted their order to monarch in the first three days.

That probably means alot of the cards slated for November 2013 are now going into the mining farm and the folks who transfered their orders first to Monarch are almost surely going to be told their order will now be out by January 2014. (Or it will magically just turn out that way despite promises of being on time.)

BFL, always putting the customer first?

AsicMiner at least bought the gear for their hash farms with share contracts only then only many months after did they sell the hardware in stock.

I have zero confidence that the BFL monarch pre-order money is a distinct and separate money jar from their farm share money jar.

There will be zero transparency as always and way too many unanswered questions

I ran the numbers and these look as good as a dead donkey.

(Why is BFL even selling these at a higher rate than their Monarch Card?)



Depreciating Price of 1TH at BFL hosting package.



Edit: Condensed Image

Sadly, many of those people are just sc product line investors that saw the writing on the wall and turned in their failed 65nm order for the next waiting list at bfl. Now bfl is screwing them again.

Hey it might be sooner!!!   Joshes hosting company might get all your orders lol.  Reading shipping would be funny "10 rigs rolled down the street" lol.

$10.83/GH for something starting in either January or February? LOL!

You missed a third choice, and arguably, the wisest one. 

Do you really want to know why people shouldn't go buying Mining Contract shares with BFL? (or probably anyone for that matter)

It is because the period of decline is so small and sharp and the difficulty is climbing so high that it is a perpetual race "to the top".

In words anyone can understand....

Imagine I will give you 100$ if you can beat a toddler at the 100 yard dash. Surely you would win. But each time you come to race, that child turns one year older. Each time, you have to run just a little faster to get your prize. Eventually, your opponent is 30% faster than the last round, yet you still remain the same.

Eventually the difficulty of beating this runner has become so great that you cannot even hope to beat them for the 100$ prize.

-----------------------------

Essentially, if you sign a mining contract for 100Gh/s on November 20th, 2013. You will lock in a specific cost per Gh/s at BFL. But you will also marry yourself to a decreasing return every ~10 days~. Every 30 days, that 100Gh/s will return 20% less. By the end of the month half of it will disappear. By the next month you will be receiving almost nothing with your purchasing power.

You have two options, put all your income back into buying more hashing power to keep up in a perpetual an never ending race. Or you get BFL to give you 14 day contracts that terminate and re-rate at the end of each period. (BFL will never do this!)

Your choice! (are pretty bad, huh?)

Wow. This is actually their lowest blow.

Now they are claiming to have all the hashing they need to sell another product. They should be giving this away proportionately to the people they already owe!!

How can they possibly claim to have this online and not distribute it proportionately amongst the people they owe hashrate to?

Do they honestly think their long suffering customers even care about receiving their boxes anymore?!

Losers...

"this is our second generation, so we have much greater clarity on the process and we feel our timeline to launch towards the end of the year is solid."

LOL ! Towards end of the year, 2014, Amirite ?

+ 1 from a worthless company

With no guarantee of the contract start date, this is a worthless offer.

LOL

A Pre-Order Contract for Future Vaporous Shares!

hey Assholes! When you have 10 Peta-hash ready to go and start hashing on day 1 send me a PM


So I can pre-order the hardware and pay in advance then you take my money and build the product to fill your hashing farms then I get another chance to hash on the hardware by buying shares while I wait for it to be worthless when you get around to shipping the obsolete miners.

You GUYS are totally Unbelievable FUCKERS

another pre-order .. lol

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

That is God... you need Moses.

You're reading way to much into this.   All it means is that have shipped a lot of orders recently and buyers will start mining as the receive them causing the Network hashrate to increase.  I think they've been assembling Singles and shipping them in high volume to Minirig customers.