Lets say BT drops to $1 . Wouldn't people have said they were smart for getting rid of BT. Then again there would b no point mining. Looking in hindsight ya sure would be better if they saved thier BT. but hey they could have asked for a refund long time ago and bought back some BT with it. so who are you to ay they got screwed. They took the risk and made the decision to stay on. Just like all preoders that are still in the queue, we take the risk. No one is saying anythign on these boards that we dont already know.
Im not a bfl supporter. Im a bfl pre-orderer. Dont get it mixed up. Again is the US vs them mentality, that makes me laugh. Like dems vs repubs, all stupid labels. Comes down to this, theres 2 players in this game. You either get in the game with avalon or bfl or you dont play. We are mostly all big boys here and can decide our own risk tolerences. By defending BFL on these forums, you lend legitimacy to a shady operation that has fleeced people of their money and given nothing in return. BFL has already gotten 8 months worth of the benefit of the doubt. Maybe if you had more than 12 posts, 5 of which are defending BFL, the people who got scammed out of their money might be a little less hostile toward you. |
|
|
|
|
If people are willing to give away their own money, why not ask for twice as much?
|
|
|
|
BFL's plan B  |
|
|
|
You refused to put then in A/C, they are electronics. And, you had caked on dust. You may want to treat them better and that will help tremendously. BTC.02
My excuse for the dust is that they're waiting to get shipped back to BFL any day now, anyway. They don't get to enjoy the A/C in my office because they're making too much noise. Running an A/C in the spare room just for them would probably cost an extra ~ $100/month, so as long as they'll hash it's not worth it. Dust destroys the ability of heatsinks to dissipate the heat into the air. Invest in a $2 can of compressed air. |
|
|
|
|
And where would you get your ASICs from?
|
|
|
|
|
They had to make wild promises in order to get pre-orders to fund the actual development.
Nobody would pre-order vaporware.
|
|
|
|
|
I may or may not be a hardware engineer and I may or may not be interested in joining your endeavor.
I can't give out too much information out at this point.
|
|
|
|
|
The Bitcoin community is so tolerant of being ripped off, that if BFL delivers a Pet Rock with a SHA-256 base64 encoded stenciled on it, then BFL would not be considered a scam. The rock draws no electricity, and generates exactly 1 hash. Thus it could be argued that its Mh/J is infinite (or undefined). The ROI is sketchy tho...
|
|
|
|
Entropy can you be a bit more specific? What exactly would happen? Before a fire, that is...
The first thing is a huge heat sink and a really loud fan. That's what we had on p4. If your processor runs too hot, you get diffusion in the various materials that make up the device - this dramatically reduces the working life of the processor due to a range of failure modes. Ask the GPU mining guys how fast that can happen.  In the shorter term resistances rise with temperature, driving power demand up in a negative feedback loop. I would guess that test video was just about the amount of time they could run chips without having the magic smoke come out of some components. I don't know what I would do in BFL's shoes. There isn't enough data to really understand what the situation is. But what they reported is not good in the short term. Isn't the usual response to too much heat to lower the clock speed and/or lower the voltage? The unusual response being custom machined copper water blocks with liquid cooling. |
|
|
|
Well this is a small step in the right direction. Maybe after 15 or 20 videos showing steady progress, I might believe they will ship something able to hash at some point in the future. $30,000 dollars spent on a mini-rig last summer would have bought 5000 bitcoins. Those 5000 BTC would be worth $455,000 today. BFL has some catching up to do. I don't remember where the list is, but some guy bought 4 minirigs on june 23rd, when the price would have been $6.40/ BTC. That $120,000 invested in bitcoins instead of butterflies would be worth $1.71 million dollars. Or alternatively, it would have bought 185 4 module avalons good for 15.8TH/s, as opposed to the 6TH/s he might get if BFL ever ships something. Time travel trading is not relevant, if bitcoin today worth only $2 due to some severe bug in software, that guy can celebrate that he made the right decision to spend the coin before the price crashed This is not time travel trading. This is examining people who were trying to bet on BTC (who instead bet on magical thinking). I was pointing out that there was a very simple way to bet on BTC available to them at the time. Had they taken that simple bet, they would be millionaires. |
|
|
|
1 million GH/s  |
|
|
|
Well this is a small step in the right direction. Maybe after 15 or 20 videos showing steady progress, I might believe they will ship something able to hash at some point in the future. $30,000 dollars spent on a mini-rig last summer would have bought 5000 bitcoins. Those 5000 BTC would be worth $455,000 today. BFL has some catching up to do. |
|
|
|
|
Is BFL is the most elaborate April Fools joke ever?
I shudder to think of the massive amounts of money that could have been made simply by buying BTC @ ~$5 each (last year around June) and holding them instead of pre-ordering a mini-rig from BFL.
$30,000.00 / $5 is 6000 BTC, which at today's value would be $546,000.00. Grats on missing out on half a million dollars.
Just think, what if BFL horded their BTC?
|
|
|
|
|
If only BFL knew what they were doing. Then they wouldn't have to "solicit" people out of "pre-order" money.
I wonder if they bought lottery tickets with it.
|
|
|
|
|
Avalon used 42.
BFL uses zero.
The BFL miners have infinite performance, they have mined millions of USD worth of payments while using zero electricity.
Avalon's performance is a bit less impressive but a bit more tangible.
|
|
|
|
If you voted "Yes", put your signature where your mouth is I tweaked the message a bit. |
|
|
|
Everyone is in this for money of some sort. We all want it to spread and work but greed is also driving miners, not altruism. So, I do not know why you hate BFL so much. I LOVE THEM. They take (and continue to take) tens of millions of dollars from suckers and people who are too blind from greed, to put one plus one together. What you say Inaba or Josh or whatever you wish to call yourself? Would you invest 20 Million dollars in a company run by a person that is a CONVICTED FELON and cannot leave the state of MO and seconded by a mouthpiece with a third rate education that JUST "by coincidence" goes by the same name (and lives in the same state) as a sorry assed loser that was stealing from directTV? Come on, explain this to me. You think Sequoia or Benchmark would finance losers like that?
Well, you all did. And I am laughing my ass off at you all. Thanks for keeping the difficulty low for me and all the people with half a brain that can use google to do a background search on people before giving them the equivalent of "venture capital".
There is a saying "pigs feed, but hogs get slaughtered". you all have financed some pigs that have now become hogs by continuing to take more and more money. what are you going to do about it? Nothing? I thought so. you got what you deserved. you all bought a lottery ticket from the dude on the corner...... ironic isn't it?
Please provide Proove to your Arguments. There is also extensive discussion of this at www.lmgtfy.com. |
|
|
|
Neat. A thread with people who think that BFL has ASICs.  |
|
|
|
|
Where is the "BFL took the money and ran" choice?
|
|
|
|
|
I vote for Dwarven Fortress
|
|
|
|
|
Show Posts
