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Nice logo.
One thing about Feathercoin I don't understand, is if the block rate is mean to be one every 2.5minutes, how come we are up to block number 23,750 in only 10 days since block 1 on 2013-04-16 21:17:40?
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Can we just sticky a BFL flame thread ? Would be better than seing BFL troll comments in EVERY thread, even none BFL related ones.
Here is my list: Phinnaeus Gage smoothie k9quaint Frizz23 muyuu PuertoLibre Bitsaurus |
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It is always a gamble, no matter what anyone says. It is not like there is a store shelf to take a unit from. I liken it to trading at gox with 30min lag, maybe you make a good trade or maybe you are fucked.
I have to say that my window of opportunity is closing fast and when it does I will reassess, get a refund or pass the risk onto someone else. There really isn't anything else to say on the matter.
[/end all BFL threads]
EDIT: By the way I will NEVER use a preorder again, the company should take the risk as in the real world.
It's really no different than the Avalon pre-orders going on right now in this forum. It's just another kickstarter style method of capital raising ro cover the development and initial production costs. If you are scared of pre-ordering then make sure you use Paypal or some other method that can reverse transactions if necessary. Do not pay in BTC or cash. |
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If they don't ramp up production they won't be selling many more.
I wonder how many of their units are mining in-house while you guys wait.
Hopefully all they make at some point, I would hate to think they would ship them untested. Yeah, they will test them as long as they are profitable  and send a few a day so people can see them in Twitter. Lets see, a 5GHs unit will do about 1 BTC every 3 days with the current difficulty, and they could probably make and sell one of the $274 units in minutes, which approach would you say was more profitable? |
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If they don't ramp up production they won't be selling many more.
I wonder how many of their units are mining in-house while you guys wait.
Hopefully all they make at some point, I would hate to think they would ship them untested. |
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Why did they stop calling them japapenos? i thought it was a cute name.
Could have been because of the case change perhaps? BFL_Josh - "While I appreciate the sentiment and I would gladly act on it if I could, the simple fact of the matter is we can not ship anything but Jalapenos this week and next week. We simply do not have the boards and cases to ship anything but a Jalapeno. We aren't intentionally holding back Little Singles, Singles and Minirigs. The Jalapeno 5 GH/s miner is the only thing we have both the boards, chips and cases for at this time. We had to push all units up one level, so the mining device formerly known as the Jalapeno is now in the Little Single/Single case and the little Single/Single are moving to a larger home. The minirig is moving to a smaller home and will have less hashrate per unit, which also necessitates a case redesign and will use the new Single/Little Single boards as well, hence we have none at the moment.
The new Single case should be in tomorrow and the boards sometime next week, hopefully". https://forums.butterflylabs.com/bfl-forum-miscellaneous/2003-petition-get-butterfly-labs-attention.html#post26648 |
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Litecoin fees can be kinda steep. I patched mine to allow transactions with lower fees (all the way down to zero, if you want). In your Litecoin source-code tree, load src/main.h and search for this line: static const int64 MIN_TX_FEE = 10000000; Change the minimum to zero and recompile. Use the settxfee API call (or the appropriate options in the Qt client) to set the fee you want to use. If you're using Gentoo, you can use my litecoind and/or litecoin-qt ebuilds (part of my overlay); include the nofee USE flag to apply the patch. Warning: Transactions may take longer to confirm if you do this. I've had some take a day or so to get through. I tried that it worked well, thanks for the tip. I didn't set it to zero, just way less than it was (same as bitcoin), so a more practical transaction fee still gets paid, and my test transfers went though quickly. |
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This has nothing to do with USD price of bitcoin...
I paid 300 BTC for them. Yes they were sold in USD but even if BTC were $1 each, I will most likely not be able to mine the 300BTC I paid for them back in a reasonable amount of time.
Of course not, but you will be able to mine back the cost of the unit in $USD in a reasonable time, and that's the point. The unit was sold to you priced in $USD not BTC, whatever you choose to sell to get sufficient $USD at the time of the order is your problem. Personally I would have used something that inflates over time, like a fiat currency to pay for an item with a long lead time. |
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Have you not read much lately? They need more capital to re-design their Little Single, Single, mini-rig, meaning new PCB, new case, new power/cooling design, new packaging... That's going to cost more time and money BFL can't afford if they still haven't ship anything... So they ship a few to buy themselves a little bit more time and money. They are not as dumb as some of you guys made them out to be. They sure are good at stringing their poor customers along.
They could mine as much BTC as they need without having to "string their poor customers along". But they couldn't mine that BTC without the capital for the wafer or specialized equipment to make the first mining rigs. |
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my order number 454xx, placed on April 22. 25GH/s, wish can get it this year.
If they have taken that many orders, then I would expect BFL to outsource the assembly to some contracted high volume specialists, and dispatch to some fulfilment house. |
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Nice "Butterfly Labs" logo on the boxes. It will make it easy for thieves to pick out the money machines. Josh said they would ship in "neutral" brown boxes with no logos. Oh well, another one of Josh's bogus messages ... I'm looking forward to the next couple of months for the forum to be full of messages like this: "help!!!!!!!!!! my BFL shipment got lost!!!!!!!!!!!". By your logic, video cards should be in plain brown packaging too, as they are also money machines. The merit to plain packaging, is that it protects the original box. eg. wrap it in brown paper. |
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Were any shipped today!? BFL needs to make more faster  I agree, if they actually showed signs of reasonable delivery times, I might place an order. Mind you that goes for most of the ASIC proposals on this forum, if I knew from peoples testimony that I placed and order today I would have it in my hand on such and such date approx, they would get my business. |
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They only ship them after they have mined with them for months  Why ship at all then? Same goes for their FPGA boxes. Nice conspiracy theory. They ship a few ASIC system to prevent their angry customers from descend upon their office like a horde of angry locust  But seriously, they need to show some "progress" so people won't ask for a refund. They also need to attract new capitals to continue their development. The only capital they needed was the money to buy the ASIC wafer, which was obviously huge, and the manufacturing machines, once that's done the business can pay for itself either from sales, or if sales drop off from mining themselves. Either way they have the potential to be successful. |
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Fuck them and their Jalapenos.  I want my hardware. Don't worry. You'll be fine. As long as you didn't order a Mini Rig. Or a Single SC. Or a Little Single SC. Or a Jalapeno after July 2012. Fudge, I ordered my first Jalapeņo in October, order number in the 13k range  Do you know if the order numbers started at #1 also what were they at for the FPGA orders? |
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They only ship them after they have mined with them for months Why ship at all then? Same goes for their FPGA boxes. Nice conspiracy theory. |
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Sending money to a company 5 months in advance with no due diligence (research into the feasibility of BFL being able to deliver devices like 1.5TH/s in the size of the mini rig case) is something a retarded person would do. Most people that bought BFL preorders in June 2012 threw money at BFL without question the same day the announcement went out about their supposed products and specs. So no, this wasn't tough to see that this "investment" was fucking stupid. If you pay attention to the BFL order numbers and dates people have quoted in these forums, you would have seen that most people actually ordered between Feb and April, not the time period you claim. |
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A friend of mine bought a one bedroom apartment as an investment "off the plan" ie. when it was still a vacant block. He forked out hundreds of thousands of dollars sight unseen, the builders used the money to build the apparent block as expected,projected timelines were missed, it took years, but eventually it was completed, so he was happy. He could have argued that he missed out on rent for all that period it was being built. This is a pretty normal situation when you pre-order something that hasn't been built yet.
I bought a house, off the plan, when it was still a vacant block of land. It was built and completed 2 months ahead of schedule. Your friend who bought an apartment off the plan reminds me of my friend who signed up years ago to build a block of apartments through a spruiking/high pressure sales company. They were offering to pay my friend 20% interest on money they borrowed from him and to give him a discount on an apartment. I asked 'why doesn't the builder just go to a bank and get money much cheaper?' *crickets* My friend has remained very silent about the deal ever since. I suspect the whole project fell over and my friend lost all his money. That's the risk one takes when preordering a product that doesn't exist yet. Heck, if BFL fell over before my order was shipped there is nothing I can do about it. PayPal doesn't care, BFL is in a different country and just filing papers in US courts would cost more than my order ever did. Typically what happens in the case of an apparentness block, the developers don't get sales as fast as they predicted, to be assured of the funds to start the project, so they wait for more sales until they have enough to feel comfortable to proceed. This is common across all sorts of industries, not just dwellings. If you have a contract that includes performance clauses then you might have some recourse for compensation, however I don't see anything like that for pre-ordering bits of electronics. |
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You left out the most important component: the Jalapeno is 6 months late. You could have mined 50 BTC in that time with 5GH/s.
Have you not heard the expression "better late than never" A friend of mine bought a one bedroom apartment as an investment "off the plan" ie. when it was still a vacant block. He forked out hundreds of thousands of dollars sight unseen, the builders used the money to build the apparent block as expected,projected timelines were missed, it took years, but eventually it was completed, so he was happy. He could have argued that he missed out on rent for all that period it was being built. This is a pretty normal situation when you pre-order something that hasn't been built yet. |
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