Garsh! I wonder why we've been delayed? It couldn't be because there was a problem, could there? Garsh!
So why is the 5 GH/s unit shipping without FCC approval? |
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Let us examine just one "mistake" for the moment:
How can you explain their statement that all 3 devices were sent for FCC testing (according to Josh in Nov 2012) at the same time and should be certified in 2 weeks[?]
I'm trying to find the original for that, but Google isn't being my friend today. Can you help? And yeah, the whole "shipping before April" and bet thing was a clusterfuck. When is the Jalapeno getting FCC approval?
Maybe two weeks? We are waiting for the test lab to issue the test report. |
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Fact: They missed deadlines. But the word "lie" implies intent. How can you be absolutely sure their project plans didn't reflect the ship dates that they stated at that time? It's absolutely fair to say that they were wrong about the dates, but the conclusion of intent is unsupported by any facts I'm aware of. They've been quite transparent about the problems they've been having (tho I do feel that they're somewhat overdue for an update atm.) Unsupported conclusions are not "facts."
You can't build an ASIC product overnight, which is what they keep claiming to do. In mid-Oct they claimed they'd still ship in Oct, yet they had no chips or anything close to a working product. Their schedule has been impossible to meet. That can only mean they lied about it. |
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Dude, two months or more.
Weasel words, yes. But not a lie.
No, it's a lie. There is no chance they will ship in two months. Zero. None. To imply otherwise is deceitful and misleading. Simply put, a lie. |
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http://products.butterflylabs.com/homepage/50-gh-s-bitcoin-miner.htmlPre-order Terms: Bitforce SC (ASIC) products are shipped according to placement in the order queue, and delivery may take 2 months or more after order. All sales are final. There is zero chance of any order placed today shipping in 2 months. In fact, I am so sure of that, that I'm prepared to make a double-or-nothing bet with BFL right now. As soon as Inaba accepts this bet, I will place an order for 10x 50 GH/s Singles. * If they are shipped within 2 months of the date the order is placed, I will send BFL the same number of bitcoins that I sent to place the order. * If they are not shipped within 2 months of the date the order is placed, BFL send me the same number of bitcoins that I sent to place the order. Fine print: I will post the txid of the bitcoin transfer for payment of the order as soon as it is placed. "shipped" means the product is shipped by a regular shipping company (USPS, UPS, FedEx, OnTrac) and a valid tracking number for that package is emailed to me. When I receive the package and verify the contents as the actual product expected I will send the bitcoins to BFL. If BFL loses the bet, they will send me the bitcoins within 3 business days of the end of the 2 months. Losing the bet does not mean my order is cancelled. I still expect to receive the product as originally ordered, win or lose. If Inaba will not accept this bet, I demand that Inaba and all the other BFL accounts be tagged with "scammer" tags.
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Are you a customer? If so , get your refund and leave others to make their own decision.
If not? stfu and get off. Ppl can deal with their financial investment without you being their "advisor"
Why, is this your thread? The OP asked for opinions, so I'm giving them. Get a refund and toss your money into the stock market and make 10% per year rather than wait 2-3 years for a chance to break even. Or if you really do believe in bitcoins, buy some and make a killing in a couple weeks. |
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I understand it just fine, you don't seem to understand basic math. Show your work or you're just making crap up.
There's plenty of projections that show a positive ROI even at 100x difficulty and beyond. I have yet to see a single credible projection that doesn't show a positive ROI at some point within 2 - 3 years with all the worst case scenarios coming into play at the same time .
I trust Organofcorti's calculations far more than I trust your speculation.
Break even after 2-3 years is horrible returns. |
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This is legit? What is runeks saying? So we will se Inaba with a scammer tag soon?
BFL pays quite a bit in advertising on this forum. There's no chance of the mods tagging Inaba with a scammer tag. |
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Just an observation:
I have taken interest in reading through the threads popping up from people who have received at the ASIC 5 gig miner (the artist previously known as Jalapeno). In almost everyone of the threads the same small contingent of users have substantively hijacked the thread in what appears to be an attempt to proselytize others to their dislike (hate) of all things butterfly labs. If they are preorder customers why have they not gotten a refund and moved on with their life and if not customers what is the motivation behind the seemingly relentless posts regarding BFL? I find the time and energy spent fascinating and I am curious to the underlying motivations. Can any of the ministers of the Church of BFL haters shed any light on their compulsion? I do not intend to debate your position, it is well know and established. I am merely curious of its origins of the sentiment and the gusto to which you apply it.
Blame Josh. He's the BFL representative that's stoking the fire anytime he can. He thinks it brings him more business. |
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1.75 million 60GH/s ASICs? I highly doubt it.
Let's take BFL at their word, they can ship 400 units a day. An order placed today will likely take 6 months to arrive. That's 73,000 units, roughly 50 times the current network size. So when that Single is delivered, it'll make .05 btc/day. But it costs 18 btc today. That puts the ROI at roughly 1 year after the 6 months for delivery. 18 months from today just to break even and get the BTC back you previously spent on it. I'll make you an even better deal. Send me 18 btc today and in 1 year I'll give you 20 btc. That's 11% profit for you. Way better than buying a Single today. |
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BFL miners will be quite profitable for quite some time. BFL would have to ship around 1.75 MILLION Single SC's in order for it to be unprofitable to run a Single SC at $0.08/kwh.
That would only be true if no other ASICs were brought online by any other manufacturer. Fat chance of that. Lots of ASICs are going to make the difficulty skyrocket long before BFL ships a bunch of Singles. |
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Back in the late 80's in Brentwood, TN, I was in the kitchen of Amy Grant's home watching her in tears while the new builder explained to her why 90% of the drywall needed to be removed from her almost finished home, originally built by an inept contractor.
Thanks alot, now I got that song stuck in my head! http://www.youtube.com/watch?v=qbVtwRrX1hE |
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Good thing I'm not a PR man then, huh? Oh... one more thing you don't know. That brings the list to... lets see... crap, basically everything.
Maybe that BFL_Josh guy can give you some pointers.
With my diverse skill set, I can replace both a technical lead and a PR/community lead
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Just saying here's a chance to make sure BFL are sticking to their own set of rules for delivery, it would be easy enough to discover, do something useful for once!
Oh, you mean the 1/3, 1/3, 1/3 rule for delivery they promised and now are ignoring? |
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Because the Bitcoin bubble and publicity is even more intense this time, it is not only plausible, but IMHO the most likely explanation, that 10-12 Thash/s of GPUs went online.
Definitely. And with the efficiency of 7xxx cards, it takes a lot fewer cards to reach 10 TH/s than before. |
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For the record, I ordered 2 minirigs and would have no problem receiving 50 of the 60 GH/s singles or 60 of the 50 GH/s singles in lieu of them.
Quite to the contrary, this would make it easier for me to plug the devices into different power lines and strategically put them underneath separate A/C vents.
Your only option right now would be 600 of the 5 GH/s units. I'd like to see that.  |
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Meanwhile, if he bought BTC, he would have 23 BTC, right now. Nice try at post rationalizing though.
Hindsight my friend. BTC could have went to zero too. this is a weak argument. And if BTC had gone to zero, he'd also have 23 BTC. See how the exchange rate is completely irrelevent? Mining hardware generates BTC no matter what the exchange rate is, so BTC is how you have to evaluate its ROI. |
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I'd like to see some sort of statement from Theymos. Even if it's just something like: "It's my forum and I'm not giving Luke or Inaba scammer tags period."
Theymos' opinion is that scammers are just fine and don't get a tag as long as they don't do the scamming on the forums. |
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For a $149 investment it'll repay itself and make $1300 on top in one month of mining.
Think again. You paid about 23 BTC 10 months ago. You'll make .3 btc/day. Even if the difficulty doesn't skyrocket (which it will), you need more than 2 months to just break even. You aren't making any profit for a long time. |
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Don't forget the "voucher" is now only good to be used on the new products which have had their prices jacked way up.
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