We are so confident in our power consumption that we are offering up 1000 BTC to charity if we miss our power consumption targets by more than 10%. We are offering our devices at 1 watt consumed per gigahash. If our power targets end up consuming more than 1.1w of power per gigahash, we will donate 1000 BTC to charity! How is that for confidence in our power usage?
With the recent focus on power consumption, we want to reiterate that we stand behind our customers and our products. We have designed our mining equipment to be the smallest, fastest, most aesthetically pleasing and most power efficient mining device available on the planet. We guarantee that in the form of 1000 BTC! When you buy a BFL product, you know you're getting the absolute best mining device available, period.
Last month, we gave an extensive interview to Bitcoin Magazine where we shared many of the "secrets" and technical details everyone has been been waiting to see. In anticipation of the magazine's release, they've put out a couple teaser pictures of our Jalapeno and MiniRig boards.
More pictures are on the way! 1. This quote sounds like someone who had a calculator and thought "hmm if I get X amount of preorders, with Y power consumption and Z hashing power, and sell it for $A then I make billions" 2. "secrets"....that they been lying to their investors the entire time? 3. More pictures mean nothing. 4. They are so confident that they have delivered to date, VAPORWARE. There is BFL drama on the way. Because if BFL ships a product that consumes more power than advertised it could potentially end the life of the product early, then customers will request replacements....etc, ... all I see is a grim future with their current investors once they do ship whatever they paid someone else to cook up for them and call it an ASIC. At least from the looks of it a charity will be getting 1000BTC. That is a hefty donation. Guess whose money that is that is going to the charity.... BFL investors' preorder money. |
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Let's keep up the pattern....weak hands letting go of their bitcoins.
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I'm surprised that this forum (THEYMOS yes you or other mods) have not labeled BFL, Inaba, etc as scammers. Since when does BFL get a free pass when it comes to not meeting promised deadlines? Pirate was given 3 weeks and BFL is given 5 months? Something isn't right here.
BFL needs to be disallowed to advertise on this forum their BULLSHIT ads which are misleading saying "order now" as opposed to "preorder now".
Would it not be the same if PirateAt40 after stoping withdrawals in August decided to put up advertisements on this forum asking for funds from investors and in return giving them something (percent profit each week)?
How is BFL being allowed to put up misleading ads about a product (that still has to be proven to exist) on this forum any different than my "what if pirate" scenario?
This whole ordeal with BFL feels a lot like PirateAt40 but only 10 times bigger.
Watch out guys...I think the tsunami is on its way. You may not have felt the earthquake but the result is on its way.
Get your popcorn ready for a ton of shit to start flying should BFL continually delay or even run with the funds.
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New all time high $78.00. |
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How does it feel? Current price: $71.68 |
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This is usually where things are starting to set in with the masses. BFL can't really say much because if they "delay" with another announcement they will get a flood of refund requests all at once. At the same time they cant stay quiet forever. Next update from josh will be the same as the rest...."blah blah blah, almost done, bumping, clock buffers, (more excuses), blah blah blah...just wait a little longer"  I believe BFL initially didn't start as a scam but started as a bunch of cowboys with a calculator sitting around a desk discussing possible PROFITs they could make IF they developed a ASIC device capable of delivering the advertized 1.0 to 1.5 TH/s speeds. Now that reality has set in and the process is much too unrealistic to achieve those numbers (in the current state of technology) they are shitting themselves on how to get out of this situation.
SITUATION: They have to deliver a product that they can't make to the specs they advertised. They spent a fuckton of customer preorder money hiring staff, outsourcing every part of the ASIC development, and Adsense advertisements.I've seen this type of situation before, would not surprise me if customers would strung along for another 6 months ...OR...BFL runs. |
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*RUNS TO COMPUTER* *SEES PRICE DROP $10 AFTER RISING $60* *RUNS TO OTHER COMPUTER ON OTHER SIDE OF HOUSE* *TYPES REALLY FAST ON KEYBOARD* "WAS IT A CRASH, WAS THAT THE CRASH? ? ? ?"  |
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vote  |
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Actions speak louder than all the talking BFL can dish out through their precious Inaba. Avalon is delivering (although in small amount). BFL are just middlemen in the process. They took customer money and paid a 3rd party to do practically every development stage of their ASIC devices and took their own cut in the process. Avalon appears not to be doing this. They seem more competent on how ASICs are designed and how to get the job done without all the fluff talk. I guess as the saying goes...TALK IS CHEAP. BFL HAS DONE A LOT OF TALKING. |
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Bitcoin Viagra
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This 10% difficulty hike is only the start. Usually it is a snowball effect...
I predict at the end of April we will be at 7.5 million difficulty...easy.
Cutting into mining profits....nom nom nom nom.
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Given Sunny King's intent on not wanting to publicly discuss the development of PPC I want to open this thread so people who want to publicly discuss it can do it, whether Sunny King likes it or not. I have not had enough time recently with all the projects I've been working on to thoroughly go through Sunny's undocumented C++ code. But I suspect that there will be someone who will have enough time to go through it with a fine tooth comb. Trolls are welcome |
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Just 1 month ago LTC was at 0.002 to 0.0025btc and worth about $0.075 yet people were saying "LTC is overpriced, better sell now". What a bunch of idiots. |
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Today I met up with a local PM seller that I found on craigslist. After my purchase from him we started talking and he did claim to have heard of bitcoin through a PMetals dealer that he gets supply from in Kansas. I thought it was interesting to say the least. He also mentioned that the dealer in Kansas told him he could buy or sell PMs with bitcoin through them. Word is spreading to even the small precious metals investors too. Pretty cool to say the least. |
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https://forums.butterflylabs.com/announcements/692-bfl-asic-status-2.htmlIt's been a long couple days here at the labs! Trying to test the chip in the test rig has been exceptionally trying and it turns out it's due to a bad socket on the tester. Initially we were concerned there might be a problem with the bumping or substrate, but fortunately we had tested the chips prior with the wire bonding technique, so we knew they worked. Getting the test boards made proved to be fortuitous as well, since we were able to bypass the test rig completely and bring the chips up on the board. By doing so, we were able to finally identify that the problem was related directly to the test rig and not any intermediate process or step.
Bringing a chip to life in situ on a board is not the easiest thing, so it has been slow going. The chip was responding properly on the board late this afternoon and we will be picking up the process in the morning. We hope to have a more complete test by Saturday night or Sunday sometime. Meanwhile, we will also be hard soldering a chip into place for use in the test rig and replacing the socket to allow the bulk testing to finish. In some other positive news, we've not found a single bad chip yet, which could mean our yield rate will be exceptionally high... maybe we just got lucky out of the 50 chips we have available on boards so far, but it seems unlikely. So that may mean the vast majority of our chips will be usable.
So the good news is the boards work, the chips work, the bumping works, the substrate works. We just need to nail down a bit more with the firmware and we should be able to conduct a full test and start shipping.
I will be posting another update as soon as I have more information. Needless to say it's been a pretty busy and stressful last few days here, and some script kiddie deciding to DDoS our sites this morning didn't help matters. All connectivity problems should be resolved now and we will keep people updated as time allows. I find it odd that BFL is going to go from testing to shipping in a matter of days (from the sound of it like a "few" days). This is where Josh keeps failing. They dont even have a working prototype and it is MARCH......TWO THOUSAND AND THIRTEEN. Back in November they were leading on making it seem they had a prototype then but couldn't ship until 30 days or more. So how is it that all of a sudden that they FINALLY get a "working" prototype that they are going to go from TESTING to SHIPPING in a few days? Expect more delays people. Everything BFL made themselves out to be has come out to be false. They outsourced pretty much every part of the ASIC development process to a third party. And that is just to get started... BFL is and will continue to be full of crap as long as they DONT disclose what actually went on during the time frame of October, November, December... So fail...
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Let the "DOG and PONY show" begin...  |
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Someone PMed me this image. Can someone verify this? http://i.imm.io/Zmcl.png
All sales are final? That's different.
SO NO REFUNDS ANYMORE IF YOU ORDER NOW? |
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