Let's just see what we can learn by reading...
Butterfly Labs Announces Next Generation ASIC Lineup
PRWebPRWeb – Sat, Jun 16, 2012
Largest SHA256 Hardware Manufacturer Acquires Venture Capital Funding
(PRWEB) June 15, 2012
Butterfly Labs (BF Labs Inc.), a market leader in microprocessor design, is unveiling today the technical specifications for three of its next generation SHA-256 processor based products:
This is great! Already we have a claim that can be independently verified. That is gold for the wise reader. So, market leader in microprocessor design... {googling....} Intel, Samsung, ARM, AMD, Texas Instruments... Well maybe they meant specifically for bitcoin. Nope, AMD...
Well ok, so they talk out of their ass a bit. Still there's gotta be something here right?
1) BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149
They have so little confidence in the value of their product, that they pair it with the most useless USB novelty item ever? Is it April 1st?
2) BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299
3) BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899
Well the verifiable facts are starting to look thin on the ground here. Maybe some more will come up later.
It's fascinating that the headline reads ASIC, but nowhere in the text does that term get mentioned. And neither does the process node these miracle devices will be built on, or the foundry partner that will actually build them. I wonder if they even have a clue how long it will take to build and debug the silicon. Then you have to package it, and build a device around it. Maybe that's why there are no dates here. I'm sure it won't take long though. Making semiconductors is easy right? I probably should build a couple in my garage next weekend.
"Butterfly Labs has always considered itself a serious manufacturer in the SHA-256 hardware industry and our customers are leaders in providing hashing services for some of the world’s great technological challenges,” noted Nasser G, BFL CTO. “We see the BitForce SC lineup as the natural next step in continuing to meet our customer's needs.”
Hi Dad! I'm a CTO now! Oh yeah, the truncated last name... It's a hip-hop thing, you wouldn't understand. I'm not ashamed of you Dad! It's my
COMPANY.
Because our first and second generation equipment is expected to be outpaced very quickly by the new hardware, customers who have purchased earlier generation products will be able to trade them in at 100% of their value toward the purchase of SC-generation hardware.
Osborne Computer company. Google it, kids. A unique way to try to dodge Osborning yourself, but what's in it for the buyers? Do you get priority just for owning the old junk? It doesn't say that here. These things are going to sell like ice cubes in the desert! I wonder what priority a business would give to a trade in versus a full cash buyer?
Venture Capital Funding Acquired, Record Rate of First Quarter Growth
Butterfly Labs, the largest market provider of SHA-256 hardware, is now backed by private venture capital, and looking forward to continuing its operations in what some have recently labeled the “Silicon Prairie” of the Midwest.
Not a word about how much funding they got, or from who. Usually both those details are trumpeted in releases announcing completion of funding. Maybe they thought explaining how Inaba and Giga raised a pile of bitcoins for them would just confuse people.
Retail sales have continued to grow strongly, and with exponential month-to-month sales increases, the decision to back BFL was made easily. “Butterfly Labs has strong fundamentals indicative of the kind of rapid growth company we support,” the private equity group notes. “Having made bold investments in new technology, they’re poised to redefine the landscape for SHA-256 hash verification.”
No names for this 'group'. I wonder if the 'group' was behind a screen with one of those voice scramblers they use on 60 minutes when they gave this quote.
It's funny too how the reported order queues in this forum don't support the claim of exponential sales increases.
Founded in 2011, Butterfly Labs is a worldwide leader in SHA-256 hardware products. The company offers a range of products and consulting services in semiconductor design.
“Butterfly Labs” and “BitForce SC” are trademarks of Butterfly Labs Inc. in the United States and/or other countries.
Nick W.
BF Labs Inc.
And once again we have someone afraid to give his full name. I'm proud of the business ventures I'm involved in. Why would Nick here want to conceal his name?
I can think of a few reasons a person would conceal his name.
- felony convictions
- SEC violations
- previous bankruptcies
- history of civil lawsuits over business practices
- registered sex offender status
I wonder what Nick and Nasser's reasons are?