Bitcoin Forum

Back when I ordered my BFL 25gh/s miner, the ASIC landscape was bumpy and uncertain, with stories of scams and indefinite pre-orders keeping the community on edge about the whole business. My hardware took 6 months to arrive, by which time its potential value had decreased significantly.

Today, Butterfly Labs made this press release:

Full Release (http://www.sacbee.com/2014/01/13/6067821/bitcoin-mining-technology-provider.html)

Is Butterfly Labs a safe investment at this point? Will they deliver what they're advertizing on time and in an acceptable fashion?

No not at all.

Their equipment isn't competitive any more.  The power/hash ratio is too high.  For the same money you can get much more power efficient miners that are faster.

Not too useful buddy. I'm trying to collect realistic concerns and opinions from the community to decide whether or not to make an investment, and hopefully the discussion will be useful to other posters as well. Despite the long wait time, the BFL hardware runs fine and makes me a good $250/month. It panned out. I want to hear some perspectives on whether it might pan out again.


I'm aware of Butterfly Labs and Avalon as ASIC providers and I've been looking into some of the Black Arrow line more recently. Any advice on what's good right now?

Well, there's the Avalon clones coming out of China - they're cheap,  200GH using about 1000W of power.  There's the Antminer S1 which is about 180GH and uses about 360W of power.  Those are the only ones I can think of that are reliably shipping, if you ignore the ASICMiner Cube which is 38GH at about 300W.

I'm not sure that there's much faster that's shipping at the moment.


BFL stuff is slow, and expensive, but it Just Works.  I've a pair of Jalapenos, and they just mine.  I've never any trouble with them.  Can't say the same about any of the other mining equipment I have, which has all given trouble at some point in the past.

not worth at all.
miners are overpriced and can't earn you anything unless you believe that value of btc will be $2000-$3000 in the next couple of months.
also they are still slow with shipping.
guy I know has ordered one 50GH unit in December 5 and miner arrived at custom at 10 of January.
I have 3x60GH from BFL and they earn mi nice amount of btc and money.
but will I buy from them again???  hell no!!!

Like other ... buy only if it's in stock (like me = 13 days to received).
Bitcoin order, european delivery (full tax on custom ... butterflylab write all the price on custom paper).

No offense....you're lazy.  I just gave your lazy question a lazy answer.  Mining.thegenisisblock, the fact that this is the 3rd year of BS repeating itself from bfl, the whole petahashes of late Gen 2 hf and cterra hw, the whole deal with difficulty punching your so-called 250 revenue per month squarely in the crotch.  Look at my post history, you won't see lazy, "is this worth it?" Posts anywhere - the fact that you grasp for straws of credibility despite the NUMEROUS complaints here and on bfls own forum, yes you ARE LAZY!!!


If you want how right now there are are antminer s1s available on the USA reseller website for 3 btc those ship this week...not in 6-14 months. I found this from...wait for it...this forum!

Hate to pile on...

More than enough complaints right on BFL's own forum to beg the question are you really seriously considering BFL?

I ordered in-stock, via bank transfer. Day #17, and it's still in "production" status. Despite claims of being caught up, they're still slow.

+7 days ...  ;)
That why i have paid with bitcoin.

I don't know about you man bro... but no more BFL for me...

First they take too long to deliver, 2nd when you finally got your stuff and went happy cgminer mode thinking oh yesss :D, it dies after x days.

 Caveat Emptor. Cannot recommend purchasing from this vendor. I would suggest taking some time in reading through these forums to take in the anecdotes over the last two years, and draw your own conclusions.

Let's be completely naive and ignore the past and just look at the numbers.

BFL, 230 GH/s for $4255 = $18.5/ghps
MBP, 200 GH/s for $3200 = $16/ghps

Why would anyone ever choose BFL?????????????????

BMT, 180GH/s for $2,200 = $12.2/ghps.


I concur.

NO  :D

i rather get a knc lol

how a 25gh miner can make you 250/month ??? you lucky to make 0.2 btc in 30 days, what pool are you using?

hahahahahahahaha ... are u serious ?

You can trust them to deliver nearly a year late. Sure.

They're scrambling to lock in as much sales as possible because of the upcoming flood of machines coming online in Feb/March.  Once they have your cash you're completely locked into buying their outdated equipment... bad idea buying from them when there's so many more other options.

I heard they deliver really good coffee mug warmers if you just wait a year or two (even with mugs included).

 

I trust they're deliver... In "two weeks*".

*Give or take a year.

I would not trust anything from bfl

https://bitcointalk.org/index.php?topic=280630.msg3000555#msg3000555

Butterfly Labs is a very safe investment.  They take money up front from customers and then *in my opinion* spend it to develop and ship miners over the next 8-15 months.  All R&D, Payroll and operating costs are likely paid out of customer funds. Should make a handsome sum investing in BFL.

Oh wait.... Are you thinking of investing in BFL equipment?   That's all on you.  My last ASIC was delivered right on time 13 Months after I paid for it.  That's right JUST 13 short Months!

*(In Stock shipping immediately means something different to BFL than it does to you)

For around $50 you can release a press release saying the same thing.

Nah. I tried. The jalapeño makes a lousy coffee warmer.

mine was at 60 degrees celsius before it died, coffee mug warmers~, i think i could fry an egg on it.

dont trust BFL. they will mislead you any way they can.

I have ordered from them 3 times now and eventually did get my hardware (and they are fairly well built aside from crap power supplies) but I never will order from them again.

current BFL hardware will never ROI. their future monarch will never ROI.

there are MUCH better manufacturers to get miners from.

NO

They're pretty much a ponzi scheme and when you do actually get a product, it certainly sucks!

Yeah, as mentioned above the Monarch cards have been delayed multiple times from what I see.  I bought a Jalapeno second hand so I don't know about ordering from them direct.  But most of the stuff I read in the forums isn't giving them glowing reviews...rather people railing on about them in a very angry fashion...

YES, of course!
http://www.urbandictionary.com/define.php?term=bfl

/\ AWESOME /\

That is great :D

Fool me once, shame on you. Fool me twice, shame on me.

https://www.facebook.com/ButterflyLabs <-- Have you looked at the complaints littering their Facebook on late delivery?

This!

Anyone who orders from BFL You will get your products, but don't expect it to be delivered on time.
Past experience dictates, they never meet there expected target shipping date. I had to wait 7 months for my jally

You guys need to be patient with BFL

Damn coffee, now i need a new keyboard.

Just for the case you didn't copy what NO means: Nein, Njet, Non or N for Northpole and O for Oblamla. 

nice approach!
Pay money to get goods > be patient
I thought its working something like that
Pay money to get goods > get goods