Topic: Why BFL will survive as a company. (Read 2598 times)
One word answer to the question why? n00bs
Forgot to lock this topic there Phin.
Anyone who wants a 100% pre-order instead of a 10% deposit needs the funds to finance development and/or production.
How many ASIC companies are taking a 10% deposit?The difference is that BFL declared they were not touching the pre-order funds. So they shouldn't have needed to take the risk of holding 100% of the money, they could have taken a 10% deposit, unless they were a scam. Then of course they wouldn't leave 90% of the money on the table.
All the other companies were up front about using the funds to finance NRE and production, so they were up front about what they were using the funds for.
Love to see the books, I bet you dollars to donuts if they opened the books, you would see they spent a lot of that pre-order cash very early on. If they were legit they would have refunded people when they realized they couldn't deliver on time and to specification. Shady is BFL. Time to boycott them and put them out of biz.
Anyone who wants a 100% pre-order instead of a 10% deposit needs the funds to finance development and/or production.
How many ASIC companies are taking a 10% deposit?The difference is that BFL declared they were not touching the pre-order funds. So they shouldn't have needed to take the risk of holding 100% of the money, they could have taken a 10% deposit, unless they were a scam. Then of course they wouldn't leave 90% of the money on the table.
All the other companies were up front about using the funds to finance NRE and production, so they were up front about what they were using the funds for.
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Timing is everything. The price of a product, however competitive means squat if a more expensive device gets a significant lead on ROI before network saturation becomes so significant later, reputedly more efficient devices are made redundant before they get a chance to compete for the customer.
What I'm most confused about w.r.t. BFL and especially x-crowd. Is why pre-order at all when both are supposedly fully-funded. I mean admittedly BFL is using a delay tactic to transfer disgruntled customers. But x-crowd claim so valiantly they don't need to touch pre-order funds. But insist in collecting them anyway?!
Anyone who wants a 100% pre-order instead of a 10% deposit needs the funds to finance development and/or production.
quote BFL forum
"Guys, stop being so negative about BFL. You are all going to be upset when they deliver in December. I cant wait to get mine."
https://forums.butterflylabs.com/hardware-discussion/4360-new-bfl-device-28nm-mining-card-9.html#post52865
"I'm not biting on the preorder business for this product. For one, there's no telling where the difficulty will be in December or what competitors will be offering then. For another, I think BFL is finally working out some of their supply line issues, so if I do decide I want one, why not wait until the product is actually out this time? It shouldn't be nearly as long a wait this time.
"
https://forums.butterflylabs.com/hardware-discussion/4360-new-bfl-device-28nm-mining-card-9.html#post52859
"Guys, stop being so negative about BFL. You are all going to be upset when they deliver in December. I cant wait to get mine."
https://forums.butterflylabs.com/hardware-discussion/4360-new-bfl-device-28nm-mining-card-9.html#post52865
"I'm not biting on the preorder business for this product. For one, there's no telling where the difficulty will be in December or what competitors will be offering then. For another, I think BFL is finally working out some of their supply line issues, so if I do decide I want one, why not wait until the product is actually out this time? It shouldn't be nearly as long a wait this time.
"
https://forums.butterflylabs.com/hardware-discussion/4360-new-bfl-device-28nm-mining-card-9.html#post52859
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Timing is everything. The price of a product, however competitive means squat if a more expensive device gets a significant lead on ROI before network saturation becomes so significant later, reputedly more efficient devices are made redundant before they get a chance to compete for the customer.
What I'm most confused about w.r.t. BFL and especially x-crowd. Is why pre-order at all when both are supposedly fully-funded. I mean admittedly BFL is using a delay tactic to transfer disgruntled customers. But x-crowd claim so valiantly they don't need to touch pre-order funds. But insist in collecting them anyway?!
They are just tying up money. People only have so much spending power. If your money gets locked in a preorder it can't be spent elsewhere.
Quote
[10:37 PM] Mouth-Full-O-Earth : Josh, I have the negative bal problem
...
[10:41 PM] polrpaul : [11:38 PM] Mouth-Full-O-Earth : Ok, I've passed that along for the devs to look at it
[10:41 PM] polrpaul : [11:40 PM] BFL_Josh : I've passed that along for the devs to look at it
...
[10:41 PM] polrpaul : I just thought it was peculiarly same language
...
[10:42 PM] BFL_Josh : I think I hit hte wrong key when I was replying and it sent as him... not sure how that's possible, but it also copied his order number into my text box.
Fake customer support... that's a new low
Your $4mil at work
And the following confirms he doesn't use them.
I wonder where the foul mouthed BFL spokesdude has gone too. The silence is deafening. Hello? If you miss your daily quota of personal attacks and trolling accusations, this is going to reflect badly in your performance review under the "productivity" section. Please think of the children and save Christmas.
Are you so dense that you haven't figured it out yet? I only come in here and whip up the natives when the BFL mania dies down. Right now, it's a raging fire, you don't need my input. The top 10+ threads in the hardware forum are all about BFL. If things start dying down again, I'll post more.
...and they're mostly debates about whether BFL is staffed by idiots or thieves.
You are one of my best workers
I appreciate you more than you know.Thank you! Must be nice saving all the effort of creating sockpuppet accounts yourself.
Absolutely! I don't believe in sock puppet accounts, I just get people like you to post constantly.
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
I hope they pan out. That would give us two options.
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
I hope they pan out. That would give us two options.
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Timing is everything. The price of a product, however competitive means squat if a more expensive device gets a significant lead on ROI before network saturation becomes so significant later, reputedly more efficient devices are made redundant before they get a chance to compete for the customer.
What I'm most confused about w.r.t. BFL and especially x-crowd. Is why pre-order at all when both are supposedly fully-funded. I mean admittedly BFL is using a delay tactic to transfer disgruntled customers. But x-crowd claim so valiantly they don't need to touch pre-order funds. But insist in collecting them anyway?!
Anyone who wants a 100% pre-order instead of a 10% deposit needs the funds to finance development and/or production.
I know this, you know this.
It's as bad as those pretending to guarantee refunds off their own steam, unanswerable to a third party ageeeing to assume liability on behalf of the customers.
More gambling with customer monies without accountability.
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Timing is everything. The price of a product, however competitive means squat if a more expensive device gets a significant lead on ROI before network saturation becomes so significant later, reputedly more efficient devices are made redundant before they get a chance to compete for the customer.
What I'm most confused about w.r.t. BFL and especially x-crowd. Is why pre-order at all when both are supposedly fully-funded. I mean admittedly BFL is using a delay tactic to transfer disgruntled customers. But x-crowd claim so valiantly they don't need to touch pre-order funds. But insist in collecting them anyway?!
Anyone who wants a 100% pre-order instead of a 10% deposit needs the funds to finance development and/or production.
I know this, you know this.
It's as bad as those pretending to guarantee refunds off their own steam, unanswerable to a third party ageeeing to assume liability on behalf of the customers.
More gambling with customer monies without accountability.
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Timing is everything. The price of a product, however competitive means squat if a more expensive device gets a significant lead on ROI before network saturation becomes so significant later, reputedly more efficient devices are made redundant before they get a chance to compete for the customer.
What I'm most confused about w.r.t. BFL and especially x-crowd. Is why pre-order at all when both are supposedly fully-funded. I mean admittedly BFL is using a delay tactic to transfer disgruntled customers. But x-crowd claim so valiantly they don't need to touch pre-order funds. But insist in collecting them anyway?!
Anyone who wants a 100% pre-order instead of a 10% deposit needs the funds to finance development and/or production.
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Timing is everything. The price of a product, however competitive means squat if a more expensive device gets a significant lead on ROI before network saturation becomes so significant later, reputedly more efficient devices are made redundant before they get a chance to compete for the customer.
What I'm most confused about w.r.t. BFL and especially x-crowd. Is why pre-order at all when both are supposedly fully-funded. I mean admittedly BFL is using a delay tactic to transfer disgruntled customers. But x-crowd claim so valiantly they don't need to touch pre-order funds. But insist in collecting them anyway?!
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Is there anything that will be more profitable than the Monarch (if it ever really shows up)?
Muahahahah. I'm going to make a pre-order for development of a time machine that's limited to 1,000 orders for 1,000 BTC each. No CC. No PP. Just BTC. Now, we are guaranteeing delivery in two weeks. Now, if this two weeks winds up taking us, say, 50 years, it will be okay. Because our Uber product will provide transportation to those who pre-ordered back to two weeks from announcement. You will receive your time machines at this time, and they are programmed to take you back to when BTC was FIRST launched! This will allow you ALL to stockpile BTC until the roof of your house falls off because you have HDD's and USB sticks stacked to the wall with wallet.dat files on them. Now, for your spot in line, please send a 50% stake to hold your pre-order spot. The address is in my sig. REMEMBER!!! WE GUARANTEE DELIVERY IN TWO WEEKS!!!!
Hahahahaha +1.
Has anyone went to the KC address? I can go this weekend, I will be in KC
A good handful of people have. We look forward to your report, bud.
I dont have a dog in the fight, but if anyone had any requests or anything, and its not illegal, I could help.
Q: "Are only board members, or all BFL employees, purchasing One Way tickets to Costa Rica?"
Even if BFL ships those MONARCHS on DEC 2013...
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Profit is still very low:
http://mining.thegenesisblock.com/a/f068ec2473
Has anyone went to the KC address? I can go this weekend, I will be in KC
A good handful of people have. We look forward to your report, bud.
I dont have a dog in the fight, but if anyone had any requests or anything, and its not illegal, I could help.
Has anyone went to the KC address? I can go this weekend, I will be in KC
A good handful of people have. We look forward to your report, bud.
Muahahahah. I'm going to make a pre-order for development of a time machine that's limited to 1,000 orders for 1,000 BTC each. No CC. No PP. Just BTC. Now, we are guaranteeing delivery in two weeks. Now, if this two weeks winds up taking us, say, 50 years, it will be okay. Because our Uber product will provide transportation to those who pre-ordered back to two weeks from announcement. You will receive your time machines at this time, and they are programmed to take you back to when BTC was FIRST launched! This will allow you ALL to stockpile BTC until the roof of your house falls off because you have HDD's and USB sticks stacked to the wall with wallet.dat files on them. Now, for your spot in line, please send a 50% stake to hold your pre-order spot. The address is in my sig. REMEMBER!!! WE GUARANTEE DELIVERY IN TWO WEEKS!!!!
From Josh.
I just realized that 9 months is now 10 months. Luckily it was put in perspective showing that it's not as ridiculous as 14 months.
Quote
It has not been 14 months, please don't post false information. The maximum anyone has waited is less than 9 months. I realize 9 months is a long time, but 14 months is ridiculous and completely false.
I just realized that 9 months is now 10 months. Luckily it was put in perspective showing that it's not as ridiculous as 14 months.
Has anyone went to the KC address? I can go this weekend, I will be in KC
Quote
I upgraded 600G of the machine, the amount payable is negative! Payment is not successful, how to solve?
I Do not speak English, please understand!
I Do not speak English, please understand!
Quote
The Monarch: Will it mine scrypt coins?
Greetings! I finally registered a forum account, wondering if this card will be able to mine scrypt coins. I dont see why not since it can plug into the motherboard. Thoughts?
Greetings! I finally registered a forum account, wondering if this card will be able to mine scrypt coins. I dont see why not since it can plug into the motherboard. Thoughts?
Quote
Feel sorry for the guys who had their stuff delivered and missed out.
Snap closed the BFL forum could not read more.
quote BFL forum
Q:
"28nm Mining Card
I see, that with a few more dollars, I can transfer my order to a 28nm Mining Card. Is there an announcement that I've missed?"
https://forums.butterflylabs.com/bfl-forum-miscellaneous/4363-28nm-mining-card.html#post52709
A:
totally legit, you missed the announcement. QUICK GO ORDER ONE BEFORE THEY SELL OUT.
"That is a pretty card "
https://forums.butterflylabs.com/bfl-forum-miscellaneous/4363-28nm-mining-card.html#post52738
Q:
"28nm Mining Card
I see, that with a few more dollars, I can transfer my order to a 28nm Mining Card. Is there an announcement that I've missed?"
https://forums.butterflylabs.com/bfl-forum-miscellaneous/4363-28nm-mining-card.html#post52709
A:
totally legit, you missed the announcement. QUICK GO ORDER ONE BEFORE THEY SELL OUT.
"That is a pretty card "
https://forums.butterflylabs.com/bfl-forum-miscellaneous/4363-28nm-mining-card.html#post52738
Quote
The Monarch: Will it mine scrypt coins?
Greetings! I finally registered a forum account, wondering if this card will be able to mine scrypt coins. I dont see why not since it can plug into the motherboard. Thoughts?
Greetings! I finally registered a forum account, wondering if this card will be able to mine scrypt coins. I dont see why not since it can plug into the motherboard. Thoughts?
Well, this was a weekend that will live in the annals of the Bitcoin. The Great and Glorious Oz pulls a 28-er out from behind the curtain. And, ironically, when Dorothy woke up she discovered she was back in Kansas, from which she had been taken by the whirlwind.
Good night. To mix metaphors, who knows what may come in on the tide tomorrow?
Quote
The Monarch: Will it mine scrypt coins?
I dont see why not since it can plug into the motherboard. Thoughts?
I dont see why not since it can plug into the motherboard. Thoughts?
Quote
The Monarch: Will it mine scrypt coins?
Greetings! I finally registered a forum account, wondering if this card will be able to mine scrypt coins. I dont see why not since it can plug into the motherboard. Thoughts?
Greetings! I finally registered a forum account, wondering if this card will be able to mine scrypt coins. I dont see why not since it can plug into the motherboard. Thoughts?
Quote
I have 2 pre-april orders, one for a Single, and one for a LS. Can I combine the two into a single card and pay the difference in BTC? I sent a message to customer support, but I fear they will be a while getting back to me. Also, does upgrading hold a relative place in the 28nm queue, or is this a new first come first serve queue?
Quote
I have the same question and I also sent an email to customer service for support. Anyone know how to successfully do this? When I click to transfer a second order, I only have the option to credit a new Monarch order.
Now, this is interesting! Two different bank account numbers, and notice the address they were using, the one directly across Josh's old place of employment (in red).
For those who are waiting:
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: 25E 12th St, Kansas City Missouri 64106, United States of America
EDIT: I found another address BF Labs Inc. uses:
Anyone?
Just received wire instructions of Butterfly Labs:For those who are waiting:
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: 25E 12th St, Kansas City Missouri 64106, United States of America
EDIT: I found another address BF Labs Inc. uses:
Quote
I don't know if the below information is the same as what you got, since they moved after my order was placed, but it failed on this end too until I applied the ABA / Routing: 101000019 info, although I don't remember where in the online banking process I had to ad it.
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: PO Box 413671, Kansas City Missouri 64106, United States of America
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: PO Box 413671, Kansas City Missouri 64106, United States of America
Hmm also 2 accounts ...I think thats the
" 1 for you " and "1 for me " distribution of funds protocol
1 for the LONG CON account and 1 for Sonny & Co Golden parachute Account
Now, this is interesting! Two different bank account numbers, and notice the address they were using, the one directly across Josh's old place of employment (in red).
For those who are waiting:
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: 25E 12th St, Kansas City Missouri 64106, United States of America
EDIT: I found another address BF Labs Inc. uses:
Anyone?
Just received wire instructions of Butterfly Labs:For those who are waiting:
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: 25E 12th St, Kansas City Missouri 64106, United States of America
EDIT: I found another address BF Labs Inc. uses:
Quote
I don't know if the below information is the same as what you got, since they moved after my order was placed, but it failed on this end too until I applied the ABA / Routing: 101000019 info, although I don't remember where in the online banking process I had to ad it.
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: PO Box 413671, Kansas City Missouri 64106, United States of America
Bank name: Commerce Bank
Bank address: 922 Walnut, Kansas City Missouri 64106, United States of America
Swift: CBKCUS44XXX
ABA / Routing: 101000019
Account Name: BF Labs Inc.
Account Number: 42359
Account Address: PO Box 413671, Kansas City Missouri 64106, United States of America
I think this is the exact same mentality as people who fall into pyramid schemes or other bullshit scams. They see an easy way to make money and are ready to go all in without doing any research, without thinking, without any other thoughts. The flashing dollar signs disable all cognitive abilities.
And the world keeps turning, while asshats make money off these gullible morons.
And the world keeps turning, while asshats make money off these gullible morons.
Quote
That is a pretty card. 
Because of comments like what will be posted on this thread gleaned from BFL's forum.
Feel free to add your favorites. Don't forget to highlight the funny parts.
Quote
Hi, id like to know whats the difference between the "The Monarch" that pulls 600gh/s and a Minirig that pulls 500gh/s, apart from the price wich is 4k vs 20k.
Is it really that way better than a minirig?
And if i purchased today, would i really be receiving it by December?
Im an old "customer" that had order by august 2012, but needed a refund because financial issues in real, and seen things not moving around here.... but now im ok in real again and wanting to invest, so would like some info about this Monarch.
Thanks
Is it really that way better than a minirig?
And if i purchased today, would i really be receiving it by December?
Im an old "customer" that had order by august 2012, but needed a refund because financial issues in real, and seen things not moving around here.... but now im ok in real again and wanting to invest, so would like some info about this Monarch.
Thanks
Feel free to add your favorites. Don't forget to highlight the funny parts.
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