Topic: Theoretical wait time on BFL 5.0Gh if ordered now? (Read 3593 times)

Shipping a few test boards absolutely does not mean they are shipping.

Josh just posted and said they have 100 more chips on the way but they are having more problems with their single boards. So they can possibly make 50 Jal's with the chips that are on their way...

They are not shipping. They have some test chips coming to them and they are sending them out as they go. Shipping would be more along the lines of they have some many fucking chips they can't assemble them fast enough and ship a finished product out.

At this point, they are still in R&D and trying to figure out how they fucked up so bad. Because their power consumption is out of this world and they still have idiots throwing their money at them.



This was also the reply from BFL in September, November, January, February, March, April, and now. See a pattern?

Be an interesting court case if they cash out and buy into Bitcoins prior. A currency which the US FTC has issues with recognising as a legitimate asset of any value...

if you call 5-15 units send to developers and bloggers shipping, than by all means order away. By the time you get that unit it will be worthless, with hardware companies coming out with 250GH-350GH wouldnt be surprised if we saw 600-1000gh/sec machines by the end of the year.

That is the time butterfly labs will die and probably end up in a legal mess when people pull money from this worthless company.

THIS

I'm gonna wait for the open source/diy hobbyist ones to come out.

Yes. (Are you Josh from BFL... lol... you sure sound like him!)

Proof, I don't need proof of anything. I have logic. I assessed the situation, came to a conclusion, and derived a logical answer that is unbiased to hype and false promises from others.

To protect an investment, people will do anything. (Didn't they just force a mandatory minimum for transactions? Isn't that a "demand" which was made to "protect", our investments.)

You see, it is open source, thus, we can do what we want with it. It won't be hard to convince people to use new software that offers "less losses", and "protects your investment", and "increases your wallet security". If that happens, (which I see happening down the line), then ASIC's will be gone faster than they are created. They are few, and if they use the resources they have to "buy" back in... then all credits will essentially be property of the ASIC's in time, and thus, useless to us.

They have to cash them in, to make money. If we are not buying them, they make no money, only bitcoins. Thus, they have to ask for less money, to get us to buy them. That drives the price down. Why would we pay them premium prices for things that cost them next to nothing to produce?  We won't. And they will be happy selling the millions of coins they make for pennies, because they still make money from them. Only those who have invested in older hardware will slowly be choked-out, loosing all they made, watching it be sucked-up by the ASIC's... (Since we are the majority, and if we leave, that will leave a minority fighting over being the one with the most ASIC's. That will be less transactions going-on, thus less payments, thus less value.)

If the Majority (us with GPU's), is not here to talk about bitcoins, and us (the majority), leaves, because we are butt-hurt... That alone will be thousands and thousands of people saying... "Yea, bitcoins are crap, I lost all this..."

Thus, the few still mining will not be able to convince the majority otherwise.

ASIC's will always be a minority. They just can't make them fast enough, and are making them for the highest bidders, who are few and far between.

They are the apples of the world. They might as well suffer the same fate.

In the end... I can cash-out my earnings before they get released. (In 6 months).

OMG they released 30 japaninos ... 150GHs total... and 100 of the 60GHs units, 6,750GHs total. Only took them a year to do that! All of them are buggy, and crapping-out, now overpriced, and still not delivering beyond the crumbs they are making.

one year, if ordered now... That will leave 2 years left in this 25% of discovery, at a difficulty that makes them productively as useless as any GPU out today, worth the same value. But is a future paperweight.

Where do I get my numbers from... The blockchain info and charts. You should learn to read them some time.

Don't get me wrong, I have ASIC's coming too. But It hurts me that it will hurt everyone who doesn't have one, can't get one, and those using bitcoins for actual transactions. But my 60GHs will be a crumb. (Hurt them for bitcoins)

it's calculated so you can't make roi

Essentially infinite.  By the time they ship a newly ordered 5 Gh machine, it will be useless for mining.   

They are already made, and running... Earning them bitcoins. Why would they actually deliver. They Want you to get a refund. They have no intention to ship. They are taking money to build themselves more and more, and using you as a free loan.[/quote]

Do you have a credible source for this, or are you just a liar? What credible evidence do you have that the miners are already built and mining?


Again, evidence, or are you just talking out your ass?


What, you're gonna modify the network to disable ASIC mining? Good luck with that. Locking out ASICs would require a complete rework of mining clients, bitcoin wallets, and a you'd have to convince all users to adopt your new modified software. You really think that you're going to convince users to lock out ASICs, just because you're butthurt? Again, good luck.


If WHO holds all the bitcoins? There's precisely ZERO indication that BFL is any threat to holding anything more than an insignificant fraction of the overall bitcoins. Over half of all bitcoins that will EVER be mined have already been mined, so, yeah, good luck with that... 

I think the forum needs to require an IQ test before letting these idiots out of the n00b cage...

I note that they have primarily shipped these to developers (OK) and magazines (publicity stunt).  I gotta believe that the article they got published in Wired http://www.wired.com/wiredenterprise/2013/05/butterfly_live/ helped them to get another couple $Million in orders.  This is looking more and more like a Pyramid scheme every day.  Get in new orders to (A)Fund a bit of R&D and (B)Pay the no doubt exhorbitant salaries of the owners (Josh, among others).

After seeing the published photos of torn-down Jalapeno's, I cannot believe that this would be a profitable item to produce for $149, or even $274.  Too much hardware in the box.

Full disclosure : I am still holding an order from March for a Jalapeno.  In a similar vein, my wife has purchased some Powerball tickets.  One way or another, we're going to be rich!

 Liberally speaking, hopefully by end of first quarter 2014.

 They have shipped out approximately 40 Jalapeno units thus far, as best we can tell.

LOL wait for 2nd gen ASIC, ordering now is a waste of $

Wait are you insinuating a BFL ASIC fork? :trollface:

If you spent $2500 on a 7970 rig, and mined from now, until release-day...

You would make more than you would-have, if you gave them $2500, and let them mine with your hardware for the expected 9-months delivery. (After they mine and setup 50% of the market, drive up the difficulty, and make your 5GHs toy that will only mine pennies a day, by the time it ships to you.)

They are already made, and running... Earning them bitcoins. Why would they actually deliver. They Want you to get a refund. They have no intention to ship. They are taking money to build themselves more and more, and using you as a free loan.

Sure, they throw out a few 5GHs machines, after creating an equal number of 500GHs machines for themselves. Thus, mining our dollar, and giving away pennies.

Suckers!

Funny thing is, this is a free market, and we can easily lock-out them with code that they just can't process.

We will do it to survive, and because we can. And because they can't.

Funny thing is.. if they hold all the bitcoins... who is going to want/trade/buy/sell them? They are on a path to destroy bitcoins, and will end-up with them holding all the bitcoins that no-one wants to use or sell or buy. lol.

Well if you order now here is what it looks like:

11 months of delays + 4 unreal device specs + 999 pathetic excuses + 789 delays + 1 douche named Josh = December 24th 2049

 

Don't know what you're on about, it's been so consistent. 2 months. Always 2 months, in 2 months it'll be 2 months.

It is based on the current 'difficulty' .

I.E
To get the PSU sorted out so that the boards last long enough to get out of the guarantee period before being returned.
As they ramp up production, they will find that significantly more of the product fail to meet expectations or the 'spec' that has been sold to customers (hence the 'dropping' of the hash rate but doubling of the price per unit)

It is the same with any manufacturing operating, however BFL's previous experience counts for FA because they were working with already developed product (FPGA), manufactured to military specification (xilinx biggest customer is the military, anything that does not meet the standard is sold 'down' the supply chain), what this means is the product is F***ing reliable in all but the most abysmally designed products,You can even stick their products upside down and 'dead bug' them with a shitty PSU  and they still work.....
as a result a manufacturer does not get any 'real world' experience in REAL hardcore manufacturing and fault finding.(sticking a  public domain design based on military spec parts in a flashy case does not make you a design expert or 'crypto specialist')


This is relevant because the BFL ASIC is not in this class of design or specification, so it is going to be a complete bitch to rein in...
What does this have to do with your question.....

Well if you are near the front of the list... then you get a unit and you can mine until the fucker breaks down.. send it back and get a 'new one'.. if you are later into the list... good luck on getting a unit.

However if they can crack the current issues they are having.. then all will be well in happy land.

If you order now you can expect to receive it in 12 months (hopefully).

Some orders are at 11 months now...likely BFL won't ship by the one year mark.

I cant believe how many dumasses are still holding on to their preorders from June 2012.

Good luck and hopefully you can recoup your investment...not. 

They have never been consistent once on any shipping date they have ever given. There is no reason to trust anything they say

When asked this question by a UK user via BFL's official Twitter feed, the response was "two months".  I think someone spiked the water in Kansas City.

The general consensus seems to be sometime after hell freezes over