Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: User705 on September 19, 2014, 06:41:25 PM



Title: BFL gets raided and the Hashrate drops! Connection?
Post by: User705 on September 19, 2014, 06:41:25 PM
Wonder how big their mining operation was.


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: philipma1957 on September 20, 2014, 02:21:37 AM
Wonder how big their mining operation was.

20 ph maybe 30ph?


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: generalt on September 20, 2014, 03:14:46 AM
I still can't find any information if it was actually confirmed or not that they were raided.


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: xstr8guy on September 20, 2014, 11:47:08 AM
Lol, I can't believe so many people are falling for this "BFL raided" bullshit. I've not seen one real news article reporting this. The only "proof" is coming from untrusted posters in this forum and others.


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: Syke on September 21, 2014, 02:19:44 AM
Lol, I can't believe so many people are falling for this "BFL raided" bullshit. I've not seen one real news article reporting this. The only "proof" is coming from untrusted posters in this forum and others.

Now one actual BFL employee will refute the rumor. What does that tell you?


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: eoakland on September 21, 2014, 02:18:43 PM
Lol, I can't believe so many people are falling for this "BFL raided" bullshit. I've not seen one real news article reporting this. The only "proof" is coming from untrusted posters in this forum and others.

Now one actual BFL employee will refute the rumor. What does that tell you?

tells me they were eaten in a zombie apocalypse
http://s13.postimg.org/9ka1nivbn/BFL_Zombies.jpg (http://postimg.org/image/9ka1nivbn/)


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: Zelek Uther on September 23, 2014, 03:53:10 AM
What hashrate drop?


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: xstr8guy on September 23, 2014, 09:47:43 AM
What hashrate drop?


Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   ::)


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: jjc326 on September 23, 2014, 05:38:36 PM
I've seen the complaint filed against BFL, it's legit, they are shut down.

How much did the hash rate drop?  Now the focus is going to be on locating and obtaining the BTC that BFL stole that are rightfully the peoples' who got scammed by them.


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: Nagle on September 23, 2014, 06:30:57 PM
Here's the actual injunction shutting down Butterfly Labs (http://www.ftc.gov/system/files/documents/cases/140923utterflylabstro.pdf) and freezing their assets. That's direct from the FTC site.


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: User705 on September 23, 2014, 08:51:46 PM
What hashrate drop?


Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   ::)
Fictional?  Haha
What normal fluctuations?  It was a fairly significant drop which did recover later.  Possiby FTC siezed or inspected their computers which might have been managing their asics.


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: licutis on September 23, 2014, 09:29:01 PM
Drop from ~250 to 200 is a big deal. It makes me think there was some truth to the claim that BFL was mining with all their customers ASIC's until they were unprofitable and then ready to ship.


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: ChuckBuck on September 23, 2014, 09:47:06 PM
What hashrate drop?


Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   ::)

Well I guess the rumor was actually true for once.

http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Good riddance, if any manufacturer deserved the banhammer, it was definitely Butterfly Labs.



Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: eoakland on September 24, 2014, 01:35:11 PM
What hashrate drop?


Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   ::)

Well I guess the rumor was actually true for once.

http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Good riddance, if any manufacturer deserved the banhammer, it was definitely Butterfly Labs.



i could not agree with you more.  that company has left a stain on the bitcoin community just as Gox did. 


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: DrG on September 24, 2014, 08:19:25 PM
Where's Mr Big Boy pants?  Is he going to come in here and state that we made a doctored up FTC website PDF just to slander his company's wonderful reputation?


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: eoakland on September 24, 2014, 08:59:27 PM
Where's Mr Big Boy pants?  Is he going to come in here and state that we made a doctored up FTC website PDF just to slander his company's wonderful reputation?

he's hiding in the corner like a scaredee-cat.  hope the whole lot of BFL guys get sent to the clink for taking advantage of everyone. 


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: syfy323 on September 24, 2014, 09:40:11 PM
What hashrate drop?


Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   ::)
Fictional?  Haha
What normal fluctuations?  It was a fairly significant drop which did recover later.  Possiby FTC siezed or inspected their computers which might have been managing their asics.

Wouldn't this mean that BTC-Diffic. will lower until the calc-block is reached? The estimated 20%+ dropped to about 15% today. (I never checked btc diff this often as last two weeks, don't know if this is normal).


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: TheJuice on September 25, 2014, 06:00:52 PM
What hashrate drop?


Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   ::)
Fictional?  Haha
What normal fluctuations?  It was a fairly significant drop which did recover later.  Possiby FTC siezed or inspected their computers which might have been managing their asics.

Wouldn't this mean that BTC-Diffic. will lower until the calc-block is reached? The estimated 20%+ dropped to about 15% today. (I never checked btc diff this often as last two weeks, don't know if this is normal).

There are usually natural variations in difficulty. I've seen a drop like this before simply due to variance, however it could represent bfl labs operation. The drop appears to be around 30PH, but we will see if this is sustained. If it really is a 30-50PH drop the next difficulty increase will be nearly flat (the one in ~17 days).


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: wilth1 on September 25, 2014, 09:29:53 PM
What happens to BFL's hardware? Sent to customers ;D ;D ;D? Auctioned?


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: Puppet on September 25, 2014, 09:50:08 PM
There are usually natural variations in difficulty. I've seen a drop like this before simply due to variance,

While its usual, I doubt its natural. I see a clear pattern that hashrate tends to drop in the second half of each difficulty window. Its almost as if someone is throttling his hashrate to prevent the next adjustment to be too large. That doesnt seem to make a lot of sense financially, so you could theorize the entity is diverting hashrate for a blockwitholding attack (is that still going on?)


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: philipma1957 on September 25, 2014, 10:12:20 PM
There are usually natural variations in difficulty. I've seen a drop like this before simply due to variance,

While its usual, I doubt its natural. I see a clear pattern that hashrate tends to drop in the second half of each difficulty window. Its almost as if someone is throttling his hashrate to prevent the next adjustment to be too large. That doesnt seem to make a lot of sense financially, so you could theorize the entity is diverting hashrate for a blockwitholding attack (is that still going on?)


 It does make sense if you have 300ph offline.  putting all that online means you have 55% of the network.  so each jump add a lot then back off.  after 10 jumps the network grows enough to handle  the 300ph


Title: Re: BFL gets raided and the Hashrate drops! Connection?
Post by: eoakland on September 26, 2014, 01:53:10 PM
BFL official site now states they are in "receivership".  shut'em down !