Bitcoin Forum

Bitcoin => Mining => Topic started by: xtapodi on February 18, 2014, 07:22:19 AM



Title: Butterflylabs - Scam - sue
Post by: xtapodi on February 18, 2014, 07:22:19 AM
Me and a friend ordered a butterfly labs bitforce 25GH in January. It was shipped in November. Until now we have not hardware break even and have invested more then 1800$ in shipping, hosting and the machine itself. We have so far mined 0.90 BTC. I believe there are more people here who have been affected by this. Has any approach been done to sue Butterfly Labs for fraud? If not does anyone know how we can do this or wants to join us as a group. Please get in touch.


Title: Re: Butterflylabs - Scam - sue
Post by: DrG on February 18, 2014, 07:26:06 AM
There are a couple threads in the custom hardware forum.  Litigation would probably cost you more than you would recoup (don't plan on recouping lost earnings since that is 20/20 hindsite and usually thrown out in court).  As a BFL idiot myself (my fault for falling for their preorder scam - shame on me for the 1st order) I understand your anger, but chalk it up to a learning experience and recognize that there is evil in this world  :D


Title: Re: Butterflylabs - Scam - sue
Post by: S4VV4S on February 18, 2014, 12:19:17 PM
Ξέχνα τo αδερφέ.
Tώρα ξέρεις καλύτερα ώστε να μην κάνεις πρo-παραγγελίες  ;)

Mείνε σε ήδη διαθέσιμα πρoϊόντα.

Kάλλιω πέντε και στo χέρι.....



Title: Re: Butterflylabs - Scam - sue
Post by: hostmaster on February 18, 2014, 12:22:00 PM
Time to take lesson best deal is by hand. For this reason I am planning to fly China to get some asiscs...


Title: Re: Butterflylabs - Scam - sue
Post by: Coldchurch on February 18, 2014, 12:22:59 PM
Ξέχνα τo αδερφέ.
Tώρα ξέρεις καλύτερα ώστε να μην κάνεις πρo-παραγγελίες  ;)

Mείνε σε ήδη διαθέσιμα πρoϊόντα.

Kάλλιω πέντε και στo χέρι.....



can you translate this for us men, o great elf warrior?


Title: Re: Butterflylabs - Scam - sue
Post by: S4VV4S on February 18, 2014, 12:50:40 PM
Ξέχνα τo αδερφέ.
Tώρα ξέρεις καλύτερα ώστε να μην κάνεις πρo-παραγγελίες  ;)

Mείνε σε ήδη διαθέσιμα πρoϊόντα.

Kάλλιω πέντε και στo χέρι.....



can you translate this for us men, o great elf warrior?

Yup!

What I said is:

Forget about it brother.
Now you know better no to do pre-orders.

Stick to what is available now.

It is better to have $5 at hand now than wait to get $10 (it's a Greek saying).



Title: Re: Butterflylabs - Scam - sue
Post by: johncarpe64 on February 18, 2014, 03:14:04 PM
Me and a friend ordered a butterfly labs bitforce 25GH in January. It was shipped in November. Until now we have not hardware break even and have invested more then 1800$ in shipping, hosting and the machine itself. We have so far mined 0.90 BTC. I believe there are more people here who have been affected by this. Has any approach been done to sue Butterfly Labs for fraud? If not does anyone know how we can do this or wants to join us as a group. Please get in touch.

Its only 1800$, not worth sueing..


Title: Re: Butterflylabs - Scam - sue
Post by: DanielVG on February 18, 2014, 03:41:18 PM
Me and a friend ordered a butterfly labs bitforce 25GH in January. It was shipped in November. Until now we have not hardware break even and have invested more then 1800$ in shipping, hosting and the machine itself. We have so far mined 0.90 BTC. I believe there are more people here who have been affected by this. Has any approach been done to sue Butterfly Labs for fraud? If not does anyone know how we can do this or wants to join us as a group. Please get in touch.

Its only 1800$, not worth sueing..

It's worth seuing , fuck BFL, take em down!
and please report! i also have alot of frustration when it comes to BFL!


Title: Re: Butterflylabs - Scam - sue
Post by: jhansen858 on February 19, 2014, 04:26:10 AM
They guarantee a certain hash rate not that you will make an ROI.  This is a business decision that you made and unfortunately, you would have made 90x more just by buying and holding actual bitcoins.  Let this be a lesson to you.  Mining is almost never the best option and never will be. 


Title: Re: Butterflylabs - Scam - sue
Post by: integrity42 on February 19, 2014, 04:49:34 AM
Me and a friend ordered a butterfly labs bitforce 25GH in January. It was shipped in November. Until now we have not hardware break even and have invested more then 1800$ in shipping, hosting and the machine itself. We have so far mined 0.90 BTC. I believe there are more people here who have been affected by this. Has any approach been done to sue Butterfly Labs for fraud? If not does anyone know how we can do this or wants to join us as a group. Please get in touch.

$1,800 / $13 = 138BTC.

I told people like you to buy bitcoin instead of ASIC's.  I explained why bitcoin ROI is all that matters.

You could have bought 138BTC with your $1,800 instead of sending it to BFL.  Instead you bought a machine that gave you 0.90BTC.

Hopefully everyone learns a lesson.  Only calculate Mining ROI in BTC, and if you do this, you will never buy ASICs, you will just buy bitcoin instead.


Title: Re: Butterflylabs - Scam - sue
Post by: giletto on February 19, 2014, 05:15:58 AM
Me and a friend ordered a butterfly labs bitforce 25GH in January. It was shipped in November. Until now we have not hardware break even and have invested more then 1800$ in shipping, hosting and the machine itself. We have so far mined 0.90 BTC. I believe there are more people here who have been affected by this. Has any approach been done to sue Butterfly Labs for fraud? If not does anyone know how we can do this or wants to join us as a group. Please get in touch.

$1,800 / $13 = 138BTC.

I told people like you to buy bitcoin instead of ASIC's.  I explained why bitcoin ROI is all that matters.

You could have bought 138BTC with your $1,800 instead of sending it to BFL.  Instead you bought a machine that gave you 0.90BTC.

Hopefully everyone learns a lesson.  Only calculate Mining ROI in BTC, and if you do this, you will never buy ASICs, you will just buy bitcoin instead.
Easy as that. But simple calculation is obviously to hard for some ppl...


Title: Re: Butterflylabs - Scam - sue
Post by: kthejung on February 20, 2014, 03:18:37 AM
BFL is still selling their shitty 5 g/h jalapeno for $274. https://products.butterflylabs.com/


Title: Re: Butterflylabs - Scam - sue
Post by: cryptothinktank on February 20, 2014, 07:03:45 AM
The Jalapeno I ordered does not even hash out 5 gh/s! It's actually only hashing out 2.5 gh/s. Does anyone have any idea why?


Title: Re: Butterflylabs - Scam - sue
Post by: sgk on February 20, 2014, 07:09:57 AM
If I remember it correctly, there was some news a few days ago that some people sued BFL already for their late-later-latest delivery of the hardware.

Edit: Here it is -
http://www.coindesk.com/butterfly-labs-faces-5m-lawsuit-unfulfilled-order/


Title: Re: Butterflylabs - Scam - sue
Post by: Unacceptable on February 23, 2014, 07:10:29 AM
So....you don't even have the miner ?? It was hosted by BFL ??  Wow,can't even resell it to add to your .90BTC to get an antminer..........yeah BFL sucks!!!!!  >:(


Title: Re: Butterflylabs - Scam - sue
Post by: Gator-hex on February 23, 2014, 01:58:13 PM
It is better to have $5 at hand now than wait to get $10 (it's a Greek saying).

We have this saying in the UK...

A bird in the hand is worth two in the bush.

An ASIC in hand is worth two on pre-order.

:D


Title: Re: Butterflylabs - Scam - sue
Post by: S4VV4S on February 23, 2014, 04:47:32 PM
It is better to have $5 at hand now than wait to get $10 (it's a Greek saying).

We have this saying in the UK...

A bird in the hand is worth two in the bush.

An ASIC in hand is worth two on pre-order.

:D

Well said!

Now I know the English version of it so I can use that as well ;)



Title: Re: Butterflylabs - Scam - sue
Post by: diwolf on February 23, 2014, 06:56:11 PM
Thats why I love second hand. Right now I buy all second hand Bitburner Fury miner for 10USD/GH. At least I get them after I paid the price.


Title: Re: Butterflylabs - Scam - sue
Post by: Mr. Hanky on February 24, 2014, 01:29:02 AM
BFL is still selling their shitty 5 g/h jalapeno for $274. https://products.butterflylabs.com/

My Jalapeno shipped in Oct, I mined with it until end of January and offered it up on Ebay which some poor sap took for the BIN price of $300. (which reminds me, he never left me positive feedback on the super-fast shipping...)



Title: Re: Butterflylabs - Scam - sue
Post by: beegatewood on February 24, 2014, 04:16:42 PM
sue them please and sue mtgox all together... They are spoiling btc reputation..


Title: Re: Butterflylabs - Scam - sue
Post by: Madsen on February 24, 2014, 07:43:57 PM
Objectively seen I dont think you can sue BFL for anything, if they didnt promise a specific date or time. I also got screwed by talk of early shipping, but they clearly wrote that it was only predictions.

But then again, in America you can sue people for the most retarded reasons...