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Activist "Troll" Forums?
Who would have thunk it possible?
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Second, that "40 days to ship" seems to mesh with the "operational mistake" of shipping out of queue that BFL got caught at the other day. Interestingly, my account at BFL is still active (I half expected it to be insta-banned for this) and my order still shows as "processing". So maybe they're hoping they can get to my order/all these orders within 40 days and that people will sign for and accept the package so they can get PayPal to recharge them? I'm not sure if PayPal can recharge you or not but I suggest that you do NOT sign for a package from BFL if you have received a refund. Not only is it dishonest, but you may end up paying for a worthless product. So i email Paypal about this matter because my order on BFL also still " Processing". This is the respond email from Paypal:) Dear #####,
Thank you for contacting PayPal Customer Support. My name is ##### and I have just received your emails. It my pleasure assisting you today.
Referring to your query, we did not have features for seller to chargeback your PayPal account. All transaction is self initiated by account owner. PayPal will not charge your account without you initiated the process.
In your case, kindly advice the seller to stop the shipment as you are no longer need the item. If the item already reach your address, you can choose not to accept it the parcel and request for refund to sender.
I hope this information is helpful and resolve your issue with PayPal. Please let me know if you need further assistance anytime.
It is my pleasure to assist you. Thank you for choosing PayPal. Your satisfaction is important to us. We welcome your feedback and hope you recommend us to your friends and family.
Please make sure you have a valid mobile phone number on your PayPal account so that we can contact you if we need to confirm any unusual account activity and protect you from unauthorized account use. To add or update a mobile phone number is easy: Log in to your PayPal account, click ‘Profile’ near the top of the page, and then click ‘Update’ beside ‘Phone.’
Sincerely,
#####
PayPal Resolution Services
PayPal, an eBay Company
Copyright© 1999-2013 PayPal Inc. All rights reserved.
@ Zich Can you contact them and tell them that BFL is ["apparently"] sending a huge number of Tracking numbers to PayPal that aren't actually in transit to delay the Chargeback process....and see what they have to say about that? Could you ask them to investigate this on your behalf? |
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Will this reach BFL proportions? Lets see how long until it reaches the 100th page!
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Is this first time in history of BFL that it delivered something on time?  Nah, they were priced on par with Avalon chips (per Gh/s). So if the Avalon chips were late and could no longer ROI, the BFL chips are also...WAY....to late. Those guys developing the open BFL platform already acknowledged it. It is just another case of heavy debt. |
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That statement about the majority was made on Aug 19th at which time the network speed was ~465TH. They would have only needed 233TH to have the majority. Just recently someone posted a screenshot of Josh saying 30-45% of the network depending on what you consider it to be at the moment. That would make it 300+TH at this time. Around 67TH difference in a month.
Everyone thought at the time that BFL could not have that much due to the Avalon chips, but we've all seen what happened with Avalon. If Avalon didn't have that 150TH from the chips that everyone was saying they did, who did have it?
See my below quote from the other BFL thread. I would like to note that BFL's monarch page currently states: So fast forward to our first generation ASIC chip which was an original design. We delivered exactly the speed promised, but the power consumption was higher than predicted. That caused a controversial release delay while we adjusted the PCB to accommodate additional power. That 65nm ASIC chip is now powering the majority of the bitcoin network And that quote was ORIGINALLY made over a month ago. It's something that every company out there does, they state their claim to fame and when it changes, none of them update it. It's so sad you require a different example from one company while ignoring all the others that do the same. I think the terminology is Hypocrite The proper term is "misleading" or perhaps even "False Perceptions". |
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On August 19th when they introduced the Monarch and put the 'majority of the network' statement out there is was true. Just cause times have changed you're demanding they change along with it.
That "as of Aug 19th" isn't on the webpage. How is a regular customer supposed to know those statements are no long applicable? By leaving deceptive statements on the web page, something that may have been true once before is now simply dishonest. Yet I don't see you tracking down the hundreds of other companies that have made claims that are now not true due to time and change.
You can thank Josh for being such a great PR person. He just inspires me. You care so much about the customers of 1 company and disregard the millions of other people being taken in regularly by all the other companies following the same practices. Your compassion definitely has limits. Or our time online is finite. If you want me to [attempt to] cripple companies left and right, i'll need a long crow bar to start Tonya Harding' everyone like a war path. http://en.wikipedia.org/wiki/Tonya_Harding#Attack_on_Nancy_Kerrigan |
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Hosting contract equipment comes from our bulk production of Monarch cards so contracts will begin to be served in the January / February 2014 time frame. $10.83/GH for something starting in either January or February? LOL! I ran the numbers and these look as good as a dead donkey. Actually this is lowest $/GH ratio available on ASIC market (excluding other BFL cards). Next one is KNCminer Jupeter with 17,48 $/GH (with preorder for November delivery). If BFL will activate this service even on February - this option is still much profitable than KNC. BFL is very good at marketing and have great vision of future. Their delivery totally sucks, though. But everything is already foreseen by them. Soon difficulty will skyrocket with cosmic rates. To keep stable income from BTC mining - one should buy new devices every month (and $/GH ratio will drop a lot in future to keep buyers, so amount of bought devices per month will grow). Does anybody want to have hundreds of devices in his room, and maintain all this stuff? Nope. Its much easier to buy mining contact - pay money and receive mining power instantly, without shipping and device setup and etc.. Plus, this is better for ASIC producer too - they do not need to process all these orders with shipping and packing. Just receive chips from manufacture, assemble on board, plug board into server rack. Soon ASIC producing companies will start to switch to this contract delivery model. They must be stupid to leave this opportunity. And BFL does this now not because they have technology, but just to establish themselves as general provider of such service. Real result will be provided by them in two weeks after publicly announced date  . Its just their work model - promise thing that will be demanded in future, collect invests, promise, deliver when its not relevant anymore. It looks totally promising, just don't invest anything until you will see that this service is online. $3/gh shipping January And the march towards 50 cent per Gh/s has started.... Makes you realize that BFL just took a dump in front of their customers and called it "liquid gold"... |
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KNC photo's of their first 28nm chips. How long can BFL hold out before slashing prices? (Only time will tell) |
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Hypocrites. When AM was selling overpriced toys it was the consumers fault for being stupid. Since it's BFL, it's so sad the poor customers are getting &*$#% over.
There is a difference. AM ships right away and the customer knows exactly what he will be making at the time he buys the item. BFL didn't ship for over a year. How the hell can customers estimate their ROI on something that will not ship a year down the road? So the hosting center isn't going into operation for a year? I must have missed that.  You must have missed them shipping their ASICs in October of 2012 also. Honest Abe. But yeah, at this point if anyone ordered $10/gh shipping in February, the customer is an idiot. Totally agreed. |
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Hypocrites. When AM was selling overpriced toys it was the consumers fault for being stupid. Since it's BFL, it's so sad the poor customers are getting &*$#% over.
I am no hypocrite at the very least. I have always complained and pointed it out. Doesn't matter who it is, it is wrong. My story, nor my stance has changed. I continue to think the same. |
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PuertoLibre, I would modify that gif to be 10 days per change, not 14.
BFL can not be trusted to meet the demanding challenges of time to market. But they will still get more suckers I'm sure. Their production ability is piss poor but their marketing and advertising is ace.
With a 10 Day Period. With a 10 day period of change....wow the Hosting Package 1Th/s....the income pretty much flatlines at around Early February. Yikes... (An understatement) How can BFL sell something which is obviously not even close to profitable? (BTC wise) They could fix this by making the hosting contract only 1 month long max, or 14 days. They would have to substantially change things around to make it viable. You probably don't realize that by May 16 2014 you have difficulty up over 6 billion. We'd only need something like 54 Petahash to reach that and the total of all estimated preorders today only comes to around 10-14PH. At that difficulty, anything that cost over $.50 per GH would be unprofitable long term by your table. But hey, it's not intended to be accurate, it's just BFL you're causing FUD to after all. I am saying exactly that. I don't agree with putting a 10 day interval. But someone requested it...because that is what it is in actual reality. (I know bcp19, you don't like reality) And ultimately, yes, I totally agree with your statement. Anything above 50cents per GH/s is not a long term investment. Sorry, to be the alarm clock, but it is time to wake up. Hash Fast (one example) is already offering miners at $3.50-ish per Gh/s. BFL is offering the Monarch at about double that. --------------------------- So don't look so surprised when I actually agree with your statement my friend. .50cents should be close to what a long term invester in BTC is looking for. |
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These 80% increases month on month are not sustainable. We're seeing a lot of hash soon, so that makes sense, but by the time we get into 2014, it's going to ease. Many older miners will become unprofitable and get switched off. And because you're talking about a compounding of hash every month, you would need to ship almost double the amount of miners month on month. So that's like saying everyone will ship 10,000 miners in October, 20,000 in November, 40,000 in December, 80,000 in January, 160,000 in February... The mining market can't sustain that. If it can, the value of Bitcoin is going to skyrocket as people convert a ton of cash to buy these miners.
So a lot of these purchases are going to do better than this long term forecasts predict (Although there is always risk)
Not to say BFL is a wise choice to invest in. There is no value in putting your cash into this until its online and you know what your ROI will really be at the time you make a purchase. Same with any other service or offering. Since BFL has a no refund policy, you take a greater risk on losing your money completely than other vendors.
With 28nm... Need I say more? Gen 1 ==> 300Mh/s to 2.4 Gh/s (per chip) Gen 2 ==> 300Gh/s to 600 Gh/s (per chip) Notice anything about the jump in each mining machines hashing power?? |
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PuertoLibre, I would modify that gif to be 10 days per change, not 14.
BFL can not be trusted to meet the demanding challenges of time to market. But they will still get more suckers I'm sure. Their production ability is piss poor but their marketing and advertising is ace.
With a 10 Day Period.  With a 10 day period of change....wow the Hosting Package 1Th/s....the income pretty much flatlines at around Early February. Yikes... (An understatement) How can BFL sell something which is obviously not even close to profitable? (BTC wise) They could fix this by making the hosting contract only 1 month long max, or 14 days. They would have to substantially change things around to make it viable. |
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PuertoLibre, I would modify that gif to be 10 days per change, not 14.
BFL can not be trusted to meet the demanding challenges of time to market. But they will still get more suckers I'm sure. Their production ability is piss poor but their marketing and advertising is ace.
With a 10 Day Period. |
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Let me see what I can do. |
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I can only see this as an epic bombshell to those who bought/converted their order to monarch in the first three days. That probably means alot of the cards slated for November 2013 are now going into the mining farm and the folks who transfered their orders first to Monarch are almost surely going to be told their order will now be out by January 2014. (Or it will magically just turn out that way despite promises of being on time.) BFL, always putting the customer first? |
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Hosting contract equipment comes from our bulk production of Monarch cards so contracts will begin to be served in the January / February 2014 time frame. $10.83/GH for something starting in either January or February? LOL! I ran the numbers and these look as good as a dead donkey. (Why is BFL even selling these at a higher rate than their Monarch Card?)  Depreciating Price of 1TH at BFL hosting package.  Edit: Condensed Image |
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With no guarantee of the contract start date, this is a worthless offer.
Do you really want to know why people shouldn't go buying Mining Contract shares with BFL? (or probably anyone for that matter) It is because the period of decline is so small and sharp and the difficulty is climbing so high that it is a perpetual race "to the top". In words anyone can understand.... Imagine I will give you 100$ if you can beat a toddler at the 100 yard dash. Surely you would win. But each time you come to race, that child turns one year older. Each time, you have to run just a little faster to get your prize. Eventually, your opponent is 30% faster than the last round, yet you still remain the same. Eventually the difficulty of beating this runner has become so great that you cannot even hope to beat them for the 100$ prize. ----------------------------- Essentially, if you sign a mining contract for 100Gh/s on November 20th, 2013. You will lock in a specific cost per Gh/s at BFL. But you will also marry yourself to a decreasing return every ~10 days~. Every 30 days, that 100Gh/s will return 20% less. By the end of the month half of it will disappear. By the next month you will be receiving almost nothing with your purchasing power. You have two options, put all your income back into buying more hashing power to keep up in a perpetual an never ending race. Or you get BFL to give you 14 day contracts that terminate and re-rate at the end of each period. (BFL will never do this!) Your choice! (are pretty bad, huh?) |
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I shot Laz a 10% tip - seemed well worthwhile for the help retrieveing money that I had considered gone and un-recoverable at this point. Don't be stingy - generosity is good for both your karma and your chi  I agree, thanks to Lazj99 for helping people recover their funds from BFL. Please tip him well, otherwise you may not have obtained your 100% refund! |
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As your signature states openly:
"I embrace my inner Kool-Aid" --bcp19
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