[NEWS] Butterfly Labs - Shut Down by US Government - page 5.

seriouscoin

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Quote from: opieum2 on September 23, 2014, 11:36:48 AM

EMC is a pool owned by BFL. They had a significant number of people hashing there. Plus likley their own pool which likley was substantial. If it was shut down, then yes that would make a significant dent. 1-5 percent of the network if I had to take a guess (not looked into it yet), they had around 3-4PTh when I last checked. Thats a good sized chunk of network.

EMC was just a disguise to cover their own mining ventures. Not many actual miners on there, they use it to cover their btc funds.

opieum2

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EMC is a pool owned by BFL. They had a significant number of people hashing there. Plus likley their own pool which likley was substantial. If it was shut down, then yes that would make a significant dent. 1-5 percent of the network if I had to take a guess (not looked into it yet), they had around 3-4PTh when I last checked. Thats a good sized chunk of network.

seriouscoin

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Quote from: Stratobitz on September 23, 2014, 11:25:05 AM

Quote from: bitcool on September 23, 2014, 11:22:25 AM

Quote from: Stratobitz on September 23, 2014, 11:19:31 AM

Butterfly Labs - Shut Down by US Government

See the full story: http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Also Network Hashrate dropping like crazy. Wonder if it's related.

Strato

How are these two possibly related?

Well they were still in the process of making miners right? Delaying shipments? The mining manufacturers all "test" their miners for a long period, as in weeks, months, mining BTC, before they ship.

Their plug was pulled.

Strato

They actually have their mining company, altho they never admit it. They just shuffle the funds among their books. BFL's customers are nothing but free loans.

Stratobitz

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Activity: 1022

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Quote from: bitcool on September 23, 2014, 11:22:25 AM

Quote from: Stratobitz on September 23, 2014, 11:19:31 AM

Butterfly Labs - Shut Down by US Government

See the full story: http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Also Network Hashrate dropping like crazy. Wonder if it's related.

Strato

How are these two possibly related?

Well they were still in the process of making miners right? Delaying shipments? The mining manufacturers all "test" their miners for a long period, as in weeks, months, mining BTC, before they ship.

Their plug was pulled.

Strato

seriouscoin

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Activity: 658

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awesome, i cant wait until Josh got raped in jail. That little bitch likes to mention dicks/cocks alot in his post. Now his dream has come true, soon he will get a bag of dicks himself.

bitcool

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Live and enjoy experiments

Quote from: Stratobitz on September 23, 2014, 11:19:31 AM

Butterfly Labs - Shut Down by US Government

See the full story: http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Also Network Hashrate dropping like crazy. Wonder if it's related.

Strato

How are these two possibly related?

Stratobitz

legendary

Activity: 1022

Merit: 1010

Butterfly Labs - Shut Down by US Government

Mining hardware maker Butterfly Labs has been shut down by the US Federal Trade Commission (FTC), which accused the embattled company of fraud and public misrepresentation.

On 18th September, the agency was granted permission by the US District Court for the Western District of Missouri to freeze Butterfly Labs’ assets and close the company pending trial, according to documents released by the FTC.

The move comes months after customers began sending complaints to the federal agency, a process that produced nearly 300 complaints accusing the company of delaying shipments and refund payments.

See the full story: http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Also Network Hashrate dropping like crazy. Wonder if it's related.

Strato

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