What's going to happen to the old returned BFL Singles and Mini-Rigs?

bitmar

full member

Activity: 182

Merit: 100

Quote from: bustaballs on October 07, 2012, 12:38:13 AM

Quote from: Bogart on October 06, 2012, 02:01:23 PM

They'll be added to Inaba's 480Ghps farm.

Meanwhile, the customers who send in their trade-ins will receive bricks, or nothing, and BFL will claim shipping delays (if nothing is shipped) or a firmware problem (if bricks are shipped) or similar.

Then they will have your millions in pre-order monies, all your trade-in FPGAs to mine with, and you will have nothing but frustration.

Call me a pessimist.

What happened to your hashrate sig Inaba? Was that a little too much truth for ppl to handle seeing?

Quote from: BFL_Josh on August 01, 2012, 02:18:04 PM

Q. You are going to have an unfair advantage when it comes to mining equipment, you’ll be able to get as much as you want before anyone else!
A. I will not be expanding my mining footprint as it would be a conflict of interest.

And how are they going to get away with it when hundreds or thousands of people are claiming fraud?

When they end up actually shipping, you're going to look like a giant idiot and I expect you'll start a new account out of such serious embarrassment.

https://www.youtube.com/watch?v=vmPD_YSQ--k - Nefario get away... Very reliable man ,He was even at a conference in London, everyone could see his face

Pirate get away....
Many others also get away...
You do not convinced me.

Bogart

legendary

Activity: 966

Merit: 1000

Quote from: bustaballs on October 07, 2012, 12:38:13 AM

Quote from: Bogart on October 06, 2012, 02:01:23 PM

They'll be added to Inaba's 480Ghps farm.

Meanwhile, the customers who send in their trade-ins will receive bricks, or nothing, and BFL will claim shipping delays (if nothing is shipped) or a firmware problem (if bricks are shipped) or similar.

Then they will have your millions in pre-order monies, all your trade-in FPGAs to mine with, and you will have nothing but frustration.

Call me a pessimist.

What happened to your hashrate sig Inaba? Was that a little too much truth for ppl to handle seeing?

Quote from: BFL_Josh on August 01, 2012, 02:18:04 PM

Q. You are going to have an unfair advantage when it comes to mining equipment, you’ll be able to get as much as you want before anyone else!
A. I will not be expanding my mining footprint as it would be a conflict of interest.

And how are they going to get away with it when hundreds or thousands of people are claiming fraud?

When they end up actually shipping, you're going to look like a giant idiot and I expect you'll start a new account out of such serious embarrassment.

I understand BFL_Sonny somehow got away with ~$20m from his mail fraud lottery/ponzi scheme. The feds certainly never recovered it.

No, if I'm wrong, I'll admit it and live with however that makes me look.

bustaballs

member

Activity: 115

Merit: 10

Quote from: Bogart on October 06, 2012, 02:01:23 PM

They'll be added to Inaba's 480Ghps farm.

Meanwhile, the customers who send in their trade-ins will receive bricks, or nothing, and BFL will claim shipping delays (if nothing is shipped) or a firmware problem (if bricks are shipped) or similar.

Then they will have your millions in pre-order monies, all your trade-in FPGAs to mine with, and you will have nothing but frustration.

Call me a pessimist.

What happened to your hashrate sig Inaba? Was that a little too much truth for ppl to handle seeing?

Quote from: BFL_Josh on August 01, 2012, 02:18:04 PM

Q. You are going to have an unfair advantage when it comes to mining equipment, you’ll be able to get as much as you want before anyone else!
A. I will not be expanding my mining footprint as it would be a conflict of interest.

And how are they going to get away with it when hundreds or thousands of people are claiming fraud?

When they end up actually shipping, you're going to look like a giant idiot and I expect you'll start a new account out of such serious embarrassment.

aqrulesms

sr. member

Activity: 373

Merit: 250

Quote from: bitmar on October 06, 2012, 09:10:33 AM

Quote from: ?? on ??

For what it's worth, at the London Bitcoin Conference Josh stated that BFL planned to keep the returned FPGA equipment in case there was ever a protocol change and a lot of mining power was needed for the new protocol before new ASICs could be produced.

If the protocol will change BFL will earn a lot of money on the mining and selling new ASIC

I hope that main bitcoin developers are not corrupt Wink

The community could always refuse to switch the new protocol. After all, a change can only happen when 51% of people switch to a new wallet.

Bogart

legendary

Activity: 966

Merit: 1000

They'll be added to Inaba's 480Ghps farm.

Meanwhile, the customers who send in their trade-ins will receive bricks, or nothing, and BFL will claim shipping delays (if nothing is shipped) or a firmware problem (if bricks are shipped) or similar.

Then they will have your millions in pre-order monies, all your trade-in FPGAs to mine with, and you will have nothing but frustration.

Call me a pessimist.

What happened to your hashrate sig Inaba? Was that a little too much truth for ppl to handle seeing?

Quote from: BFL_Josh on August 01, 2012, 02:18:04 PM

Q. You are going to have an unfair advantage when it comes to mining equipment, you’ll be able to get as much as you want before anyone else!
A. I will not be expanding my mining footprint as it would be a conflict of interest.

bitmar

full member

Activity: 182

Merit: 100

Quote from: ?? on ??

For what it's worth, at the London Bitcoin Conference Josh stated that BFL planned to keep the returned FPGA equipment in case there was ever a protocol change and a lot of mining power was needed for the new protocol before new ASICs could be produced.

If the protocol will change BFL will earn a lot of money on the mining and selling new ASIC

I hope that main bitcoin developers are not corrupt Wink

ice_chill

sr. member

Activity: 336

Merit: 250

Quote from: ?? on ??

For what it's worth, at the London Bitcoin Conference Josh stated that BFL planned to keep the returned FPGA equipment in case there was ever a protocol change and a lot of mining power was needed for the new protocol before new ASICs could be produced.

Makes sense as their business is based on Bitcoin existing so it's in their interest to protect it, not to mention that during protocol change they can mine a whole load of coins as difficulty will drop.

fuxianhui888

full member

Activity: 205

Merit: 100

Quote from: crazyates on October 05, 2012, 12:41:04 AM

The FPGA chips that are in them can be sold as used chips for quite a lot more than $540. I'm assuming this is what they'll do.

I agree,the price will be higher than $599

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

or maybe they will start mining with them all.....

pieppiep

hero member

Activity: 1596

Merit: 502

Maybe they add memory to them and start mining litecoin Grin

crazyates

legendary

Activity: 952

Merit: 1000

The FPGA chips that are in them can be sold as used chips for quite a lot more than $540. I'm assuming this is what they'll do.

Fuzzy

hero member

Activity: 560

Merit: 500

Does anyone know what BFL is going to do with all of the old/returned Singles and Mini-Rigs after the trade-in period has ended and they effectively become outdated? Will they be re-purposed or recycled in some way?

I ask b/c I'd like to pick up a Mini-Rig for old times sake, especially if I can get it for the same $22/Gh ratio as the CS single, which comes to ~$540 (compared to the current going price of $15,000).

Anyone have any information?

Topic: What's going to happen to the old returned BFL Singles and Mini-Rigs? (Read 1304 times)