Topic: NEW info. Everyone is lying about ther ASIC project - page 14. (Read 26629 times)

Personally, i think they will probably deliver, however i expect it to deliver slowly and certainly not in the timeframe they have posted.  Or if they do, only a few of them will be filled immediately.  Interestingly enough, some of the other HHR ASIC's being announced (bASIC) are saying shipping in december..  which is probably at least a little more realistic.

(fwiw: i refer to the next gen ASIC's as HHR ASIC's - High-Hash-Rate, since GPU's are really ASIC's also..)

Personally, i plan to hedge my bets.  I am going to continue my steady add of GPU's - since they hold their value pretty well (at least the 7970's i use seem to) - i am not going to take much risk if i switch to HHR ASIC's and sell off my GPU's.

As to the reputation of BFL - i know people have received singles and mini-rigs from other posts in the forum - so they obviously are not a complete scam.  I just ordered a BFL single to see how long it would take to receive - I ordered it sunday, received a confirmation monday.  I sent a reply asking when it would ship and got no response - but i must admin i replied to the confirm which probably came from an unmonitored email address.  Have heard nothing since the confirm - but it has only been a few days - which from what i can see is not out of character for BFL.  If i get the Single in a reasonable timeframe - i will probably preorder some of the new HHR ASIC's.  I will probably also orderr a few more single just to reduce the noise in my lab - but i think at this point i wouldn't risk too much at any one time, i would trickle the orders so you don't stand to lose as much - but i am a little more conservative.

Side Note:  BFL_Josh - It would probably help leaps and bounds with customer confidence if there were a little more status in your receipt or at least another tickler email with an expected ship date if there is going to be a delay - i am sure if you have coders to do firmware and miners - a little script to do that shouldnt be that hard.  I am sure you are busy with the new stuff but invest a little in a support person to keep people up to date or more updates on the website and i will bet your preorders would more than double and that would do a lot for your bottom line.

Anyway.. my 2 cents.  Ultimately i look at the whole mining thing like real gold mining (was) or the stock market: the law of conservation of greed -> Any substantial reward will probably require and equal and opposite amount of risk.  Oh and like the stockbrokers tell you - don't use money you can't afford to lose..

Thus ends my soliloquy...

RoboCoder

Thanks for the link, just what I was wondering about. I totally makes sense that if they tried to take a large bit of the mining action that it would comrpomise the currency. They make more by selling them to many people.

http://www.reddit.com/r/Bitcoin/comments/1018ky/q_if_these_fpga_and_asic_miners_are_really_worth/c69i9r0

So? just wait till you get it

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Some of the ASIC's projects are doing that - at least at first to recoup their investment - which is pretty substantial.
Others chose to try and make a profit while doing something they think is worthwhile.

An important part of bitcoin is the community - I don't think everybody is out to make as much money as they can from it before ditching it and going back to standard currencies.


Hope for the best, plan for the worst
Buy stocks - offset your investment.  If you're worried about being pushed out of bitcoin or your investment in GPU's being null'd - explore other ways you can use the GPU's for the sister/parallel currencies (litecoin, devcoin, namecoint etc) and push pool ops for more merged mining.
iirc there's a pool project here with multi currency support and the first bash at merged mining of currencies and there's been some talk recently on one of the other threads (I'll post the link if I stumble over it again) about exploring the use of GPU's for other currencies now that FPGA's & ASIC are hitting the markets in higher volumes.

If this company is producing these super hashing units, then why are the selling them?

Wouldn't they make more profit by just plugging them all in an keeping them all for their own mega-pool?

If I was producing these I would not let one of them outside the company and keep them all running as constantly as I could. Unless I am missing something.

No, don't think so. Quite a setup, making and selling singles and mini-rigs with fpga tech, all also pre-payed and (being) delivered? Then promising asics and run off with the money? What about those other fpga sellers coming with asics on pre-order pre-pay, their own scam, or maybe set up by bfl as a smokescreen? We'll see, I'm not worried a bit, would order some 40Gh/s SC's now if I had more money.

Thats the choice you make.  Either buy now and hope there is a product and you get it early enough to make a profit, buy later and hope that its still viable to mine when you get it or give up mining!

EXACTLY
They are counting on that to make you pay them formidable amounts of money without any securing, and all the mentioned above points.
I am beginning to believe that ASICs and particularly BFL will be the Next New Old Ponzi Scheme.
Cross our fingers and lets hope for the best!

I'm not afraid too, because as you mentioned they did deliver those fpga's. I ordered 6 pcs of the Jalapeno first week of August btw.
I will order an Avalon from ngzhang too but not early, unless they make 'm $700 more expensive than the pre-order as they say. It will be a single SC from BFL than, or 2, if they are still around by then. 

Google Hustling, Three card Monte or shell game

As i said

it was the same with their fpga's and they did deliever.
i am not afraid

Seems like all these so-called asics producers want your money before they even have produced a single asic-miner at all? And if you do not get involved now, either way you never get one that will pay itself back in a reasonable time, or will have to pay almost double the pre-order price when waiting.

But but but look at how they bought each and every adspace on the forums and then some. There's no way they would try to grab as much as they can in a last ditch effort before deploying their ASICS....












































































.... running shoes

Well, October is near. Either they start delivering some ASIC or then i'll add them to my scam list

Remember that delivering FPGA is much much much easier than ASIC 

An interesting hit on BFL's reputation:
https://bitcointalksearch.org/topic/president-of-bfl-is-a-photographer-by-trade-109515

In short words i it possible that BFL's boss, has been sewed for large-scale fraud!
Weather truth or false is being disused!

hahaha, I love that quote!
Someone sad that buying back their old SC is a trust policy! Well why spend tens of thousands of dollars to buy back instead spend 1/2 that for better customer service.

Sometimes I'm thinking that this is BFL:
Big Fat Liar

If only - I'd absolutely love it if they'd take untill june 2013 to actually release. But then I got a late start, I'm hitting hardware costs this month.