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101  Bitcoin / Mining speculation / Re: BFL Monarch - Delivery Dates on: May 21, 2014, 10:42:13 AM
14%

45000 undocumented units sold.
6283 paypal and FTC documented complaints.
1000 bitcoin for Josh's new house.
100's of documented RMA's.
2 more years of probation for Sonny V. from the Judge.
RSN for monarch delivery.
1 shill called BCP.


PRICELESS.
@Bick: Got an offer for ya homeboy, if I can prove you've deleted posts, will you pack up and never post again?  If you can prove me wrong, I'll be the one to leave.  How about it?
102  Bitcoin / Mining speculation / Re: BFL Monarch - Delivery Dates on: May 21, 2014, 10:10:05 AM
That seems a bit harsh, it is equally likely that he just bought BTC 5 minutes before the transaction.

Nobody knows how much Josh is paid for his services to BFL. (Well somebody obviously does, but not the average consumer)

I agree that BFL has (had) the worst business practices and were breaking many laws, and have gone largely unpunished for it.
Time will tell how that pans out for them, as Wood law firm is currently persuing a case against BFL, and many more individuals have also filed lawsuits.

However, this is just a publicity stunt, which helps the bitcoin ecosystem as a whole, getting new people into Bitcoin.

I despise Josh like the next fellow bitcoin miner, but unless the corporation BFL bought the house, this really doens´t have too much to do with them.


Will BFL customers ever see a great return on their miners?

Unlikely, as they are priced around 3$/GH right now, and additional costs like PSUs etc. are not included.
Compare that with a 1,65$/GH Antminer S2, which includes everything, and you really can get double the bang for your buck, right now.

However, you are always free to demand a refund, which has to be granted by BFL, and they have recently done so several times.

Harsh?

Not if you are BFL customer or one of 6823+ people who complained to PayPal and or the FTC looking for refunds and compensation for late delivery or product still being waited on like the Monarch or upgrades to hashing that people have yet to receive. Where do you think all that BTC came from? His EMC mining before he sold it to BFL for 100K USD?

We will see how harsh the courts are. It is not harsh at all to speculate given the treatment of those who questioned BFL in these forums and BFL forums. All is fair in sticks and stones I am afraid. It wasn't fair to slander and defame people here and in the BFL forums but hey that wasn't harsh was it? Let us see what discovery provided Wood Law, when it finally hits the courtroom. Dollars to donuts some of that BTC that went into that home can be traced back to BFL burn-in at EMC on 'customer' machines or from pre-order money sent to BFL in good faith for miners right through the block chain.

This sort of publicity will turn 180 degrees if people get the same TV station to report what BFL is facing in court or reveal what Sonny V. probation hearing sounded like. Seriously BFL and BFL related people are toxic for the bitcoin community. The bad press won't stop at articles from ARStechnica. Mark my words.



You're slipping Bickski... first it was 6283 and now it's 6823... you going for 8632 next?
103  Bitcoin / Mining speculation / Re: BFL Monarch - Delivery Dates on: May 19, 2014, 10:56:19 PM
Even today, let's say they had enough orders to increase the network by a mere 10%, that would be 8,000 Imperial Monarchs.  8,000 x ~550 = ~4.4 megawatts of power usage.  Ask one of the datacenter people what kind of space would be needed for this, what kind of power requirements, what kind of cooling would be needed, etc.

Nice strawman! No one ever claimed they built 8000 units and started mining with them all at once. The truth is, BFL takes pre-order funds, builds miners, then mines for profit with those customer machines. How many at a time? No one knows. But the fact that they do it is not under dispute. They stated such in court records.

Again made up maths to try to prove a point no one was making, SOP for BCP and BFL.  Funny how made up shit makes his point seem stronger. 

I personally would have called it another pathetic strawman attempt but meh you're obviously entitled to your own opinion  Wink

Hey BCP reality is quite a nice place to live, you should come visit us here sometime, you might like it after the shock of your delusion wears off.
How's this reality for you: you guys love to quote the court documents, so that means you've got $25-30 million in revenue for just 2013, which means the $1 million you are so worried about cannot amount to more than 3.3-4% of the total revenue.  On top of that, I'm sure there are Monarch orders in the mix, so that makes it even lower.  Using the number I mentioned before, 8000 Imperial Monarchs, that'd be ~$35 million more, dropping that down to 1.54-1.67%.  Not to mention, I'm sure there are plenty of complaints that have already been resolved as well as bogus complaints (like the $30 million one).  So sad you have to have your bubble burst like this, but you're hung up on minutia while being unable to see the bigger picture.  Bick is so desperate that he's necroing threads over a year old just so he can up his post count.  So sad the people you trolls look up to are in such straits.  Maybe once Bick gets his straight-jacket you'll begin to see the light.
104  Bitcoin / Mining speculation / Re: BFL Monarch - Delivery Dates on: May 19, 2014, 10:04:27 AM
So, yapyap, where were they doing all of this mining at?  

BFL mines with customer equipment, and they own EMC, so it's pretty safe to say they are mining at EMC.

BFL has already admitted they mine with customer equipment on the main block chain. BCP's white knighting is getting sad.

“[BFL] earns mining income from their burn testing of machines as well as service fees charged to Eclipse customers,” documents state. This revelation represents some of the worst fears held by skeptics of BFL—that the company is using its own hardware to profit privately before sending miners to people who actually paid for them.

http://arstechnica.com/tech-policy/2014/04/digging-for-answers-the-strong-smell-of-fraud-from-one-bitcoin-miner-maker/2/

http://www.scribd.com/doc/217190032/Butterfly-Labs-Production-of-Requested-Information-December-6-2013

pleaaaaaaaaaaaaaaase, facts schmacts, you can use facts to prove anything that's even remotely true!  But then again BCP loves to ignore facts.
Typical troll FUD... you think I meant what pool when I meant physical location.  You guys are the ones that keep trotting out the "they mine with their gear up until it''s worthless and then ship" and now you have the idiots that are claiming the Monarch is already being used and won't ship until it too is worthless.  What I posted shows that broad statements like that are patently false, as the network didn't hit the speeds needed to make it true until way late in the game.  Over a year ago people were making the same claims, and back then the difficulty hadn't even changed.  Only the truly stupid can believe that a company would be able to physically house (at that time) more equipment than is currently on the network and not affect it.  Even today, let's say they had enough orders to increase the network by a mere 10%, that would be 8,000 Imperial Monarchs.  8,000 x ~550 = ~4.4 megawatts of power usage.  Ask one of the datacenter people what kind of space would be needed for this, what kind of power requirements, what kind of cooling would be needed, etc.  Even Bickfailskis vaunted immersion cooling he keeps trotting out would probably take 4 or 5 of those trailers to accomdate this much power and cooling needs.  It matters not, the stupid people have already shown their faces as I expected they would, that's already an X in the win column.
105  Bitcoin / Mining speculation / Re: BFL Monarch - Delivery Dates on: May 19, 2014, 03:15:47 AM
Does anyone believe that they will deliver at all ?

with the refunds..sales likely gone...paying for the employees etc..I'm at a loss
why they have not applied for bankruptcy already

are there that many 'noobs' that are buying 65mm stuff from BFL to float their boat?

er also being not a business man...is it may end of the fiscal year? Could they
just be dragging all this out till June 1st then pull the plug? likely I have my
months wrong

flummoxed I am

Searing


Simple answer is that they have been self mining from the GEKO

The Whole BFL story has been about SELF MINING activities
Amazing how you keep trotting out this self-mining FUD... what's funny is simple logic shows you are wrong.  45,000 units shipped... let's say 50% were Jalapenos, that's a minimum 112.5TH.  Even if the other 22,500 were Little Singles (their least sold item), that's another 675TH.  That means at a bare minimum they had more than .8PH and likely much closer to 2PH or higher.  The networks didn't even reach .8PH until mid September, and with AM and Avalon and the rest, they couldn't have had the entire network.  2PH wasn't reached until mid October, and again, there was a lot of other companies involved, so not all of it could be theirs.  But between Oct and Dec the hash rate tripled... right during the time BFL's shipping status was moving the fastest according to their blog.  So, yapyap, where were they doing all of this mining at? 

Note: This isn't a white knight post, nor is it championing, it's merely pointing out that a stupid person is yet again being stupid.  Sadly the trolls here cannot tell the difference without a scorecard.
106  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 07, 2014, 01:55:25 AM
Hey Bick, did you miss this:

SP30 Yukon - August Batch
107  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 05, 2014, 11:18:51 PM
The point of BCP is to derail and obfuscate the reality of BFL.

Note that anytime there is a link posted that states damning facts against BFL he or other shills come out of the woodwork to bury the information.




This times 1000.

Working on my essay for Psychology Course at the community college, will describe this as "B.F.L.A.A.T #1"

Butterfly Labs and Apologists Tactic number 1 - derail the discussion by all means possible to bury bad news under pages of new flamage.
Here I thought that would stand for Butterfly Labs Antagonists and Trolls.  Bick falls smack dab into that category.  He's actually obfuscated far more by his over the top accusations than I could have ever done.  The funny thing is he doesn't realize that negative publicity is still publicity and the people that come in here and see his ramblings just walk away shaking their heads.  There's a right way and a wrong way to post negative information, and Bickski is the master of the wrong way.
108  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 05, 2014, 05:11:48 AM
Yes you do not know what words mean. Yes I abide by the definition of the English language. Yes you call people stupid and little else. Pointing out that you are using words incorrectly and thus contradict yourself is not "tilting at windmills" There is nothing imaginary about your failure to grasp the English language and logic.

Regardless of your inability to express reality in print form, things have just started to heat up. Class action lawsuit. Individual lawsuits. Investigations by KS AG and FTC. BFL compelled to testify for Sonny's parole hearing. Lots of fun to come and we shall all be eating popcorn.
Yet again, you have failed.  Your ability to measure the intelligence of another person over the internet is in need of an overhaul.  Your dogged pursuit of this fantasy shows your insecurity when it comes to confrontation.  I pity your for your continued failure, your lack of understanding and your inability to achieve the enlightenment of those who are truly aware.
109  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 05, 2014, 12:36:38 AM
I actually know exactly what IQ purports to measure. That is why I note that you have a small vocabulary and seem unable to expand it via Google, and I also note that you are unable to grasp logical constructs. One is due to your lack of education, the other is due to your lack of cognitive abilities.

It must seem to you that my posts are devoid of content, since it all flies over your head. If only you would put your hearing aid in, you might hear that wooshing sound.

All you can do now is call people names, since you are unable to rebut your own words.
And thus illuminates your ignorance.  Your perceived lack of ability just means you have no idea what you are saying and have no true measure of the person you are conversing with.  This is one of the issues with the internet, people *think* they can judge people without any real information to back it up, and more often than not they are wrong.  The problem with this is that people are inherently illogical due to various things, so expecting pure logic is therefore illogical.  Your mind games are just that, games.  They have no basis in fact nor do they give a clear understanding of the issues.  You seem to think you have the upperhand here, but sadly you do not.  Your continued discourse just goes to show your feel you have something to prove, but the truth has already been put out there, you are just too blind to see it.  As the japanese would say, you're about 100 years to early for this conversation.

I see you refuse to rebut the actual issue and are now derailing the conversation again. I can't really blame you, you have no position to stand on.

My latests posts are your own words thrown back at you. Usually you don't understand what a word means and a simple link to the definition is enough. Other times you make a claim that can be demonstrated as false by quoting your own words back at you.

It requires so little effort to make you look silly one might ask why I do it? The answer is this: when people can read what the only defender of BFL posts, they are that much less likely to fall for BFL's scam. All I need to is run you in circles while you flail on about how BFL isn't to blame, it is all the greedy customers.  Grin
Now you are putting words in my mouth.  I said ALL asic manufacturers, not just BFL.  The masses that are crying about their losses are just greedy gamblers who backed the wrong horses.  I said very early on that people who buy mining equipment expecting to become rich are fools.  The only people that will truly become rich are the early adopters and the people selling the equipment.  It's the California Gold Rush all over again, only now people seem to think they are entitled.

The issue is moot.  You're beating a dead horse.  Your arguments are specious.  For almost a year I have watched as people called anyone who didn't speak negatively about your favorite mining company get called a shill.  Just because you think you hit the nail on the head doesn't make you right.  Your distorted view of reality and true reality do not match, whatever your searches bring up.  You bring up examples of me telling people they are stupid and go "See!" yet all I see if me telling people they are stupid.  Go ahead and pat yourself on the back, you think you've won, but all you've done is prove that you have no real grasp of the situation.  Your comment about Bruno being "paid" with a miner to shut up proves your lack of knowledge.  You are merely spouting speculation without a shred of evidence. 

As to championing, you are stuck in the world of definitions.  The problem you have is you see the letter of the law without understanding the spirit of the law.  I have not stood up and told people how great BFL is, I merely told stupid people they were stupid, which I continue to do to this day.  You are stupid as well, as you cannot see the forest for the trees yet again.  But my telling you this means nothing as you have your blinders on and you will continue to tilt at windmills until you are knocked off your horse.
110  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 04, 2014, 11:35:23 PM
I actually know exactly what IQ purports to measure. That is why I note that you have a small vocabulary and seem unable to expand it via Google, and I also note that you are unable to grasp logical constructs. One is due to your lack of education, the other is due to your lack of cognitive abilities.

It must seem to you that my posts are devoid of content, since it all flies over your head. If only you would put your hearing aid in, you might hear that wooshing sound.

All you can do now is call people names, since you are unable to rebut your own words.
And thus illuminates your ignorance.  Your perceived lack of ability just means you have no idea what you are saying and have no true measure of the person you are conversing with.  This is one of the issues with the internet, people *think* they can judge people without any real information to back it up, and more often than not they are wrong.  The problem with this is that people are inherently illogical due to various things, so expecting pure logic is therefore illogical.  Your mind games are just that, games.  They have no basis in fact nor do they give a clear understanding of the issues.  You seem to think you have the upperhand here, but sadly you do not.  Your continued discourse just goes to show your feel you have something to prove, but the truth has already been put out there, you are just too blind to see it.  As the japanese would say, you're about 100 years to early for this conversation.
111  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 04, 2014, 11:01:05 PM
3) Yet again, I am a paid shill and I am failing at my job... kinda defies logic... why would I be paid to fail over and over and over again?  Your claim I am a paid consultant falls as flat as everything else you've claimed, but you need to stroke your ego, so keep up the lies.

You already acknowledged you were paid in mining equipment, therefore BFL compensated you and thus you were paid.
You initially hid this arrangement from people, but Bruno outed you and then you admitted to it.
You have white knighted BFL here far past the point of what a reasonable person might (now you claim it was all just one big troll)
BFL's reputation here has never been worse, therefore your efforts to white knight resulted in failure.

Your claim that you can't be a paid shill and still fail at your job illustrates perfectly your inability to grasp elementary logic.
You yourself admitted to receiving compensation from BFL in the form of mining equipment. So were you lying? Did BFL really give you a miner?
If you can prove that you never received one, I would be happy to amend my statement to say that you are not a shill and merely a moron.
Were you suggesting that all people who are paid cannot fail at what they do? Or were you suggesting that you didn't fail and that your have successfully defended BFL's reputation on these boards?
I was "paid" nothing.  To receive payment there would be a 1099 involved. 
If you are suggesting that BFL follows correct accounting and tax procedures, then you should have someone explain the transcripts of the parole hearing to you.

I was given, free and clear, a miner.  There were no strings attached, it was a gift, presumably a thank you for coming to visit.  You claim Bruno outed me, but you could not be further from the truth.  While I was offered compensation for coming to KC to tour the facility with Bruno, I turned it down.  It cost me very to go there little as the car I drive gets close to 50MPG and it was a 450mile round trip.  In addition, I used to live in KC years ago and still know people there, so I went out to dinner with a friend and then Bruno offered to share his room, so lodging cost me nothing.  Now, Bruno was compensated, but he was invited to tour the company at their expense, I asked to come along, and after arriving turned down their offer.  Josh, Sunny, Bruno, me, Goat and a few other got taken out to dinner, after which Josh presented me and Bruno with the miners as we were getting ready to leave.  I guess by your terms, Goat is also a paid shill as is Bruno.
Bruno's miner came with terms. He had to stop talking about BFL on these forums. You merely had to continue.

AS I said in the other post, I am not a white knight, nor am I a shill.  I merely enjoy telling stupid people they are stupid, and trust me, when it comes to BFL, there are a lot of stupid people that post on here.
White knights are deemed so by their actions. BFL is an embattled company in the press, you leapt in to defend them relentlessly and in the face of all incoming facts. That is what makes you a white knight. Had BFL not compensated you with mining equipment, you would not be a shill. Since they did and you attempted to hide that, you are a shill.

Bruno and Goat do not defend BFL, in fact they rarely if ever speak about them. Thus, they are neither white knights nor shills.

Simple. If you want people to stop thinking of you as a shill then stop shilling for BFL  Grin

Yet again, closed mind.

Reading back through your posts, something occurred to me... you have no idea what IQ means.  There are many different areas measured during an IQ test, an encyclopedic knowledge of the english language is not one of them.  I know first hand how two different people can score almost identical scores, but have almost nothing in common attributing to that score.  That just goes to show how little you know about what you speak, kinda like the rest of your posts.
112  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 04, 2014, 04:25:09 PM
3) Yet again, I am a paid shill and I am failing at my job... kinda defies logic... why would I be paid to fail over and over and over again?  Your claim I am a paid consultant falls as flat as everything else you've claimed, but you need to stroke your ego, so keep up the lies.

You already acknowledged you were paid in mining equipment, therefore BFL compensated you and thus you were paid.
You initially hid this arrangement from people, but Bruno outed you and then you admitted to it.
You have white knighted BFL here far past the point of what a reasonable person might (now you claim it was all just one big troll)
BFL's reputation here has never been worse, therefore your efforts to white knight resulted in failure.

Your claim that you can't be a paid shill and still fail at your job illustrates perfectly your inability to grasp elementary logic.
You yourself admitted to receiving compensation from BFL in the form of mining equipment. So were you lying? Did BFL really give you a miner?
If you can prove that you never received one, I would be happy to amend my statement to say that you are not a shill and merely a moron.
Were you suggesting that all people who are paid cannot fail at what they do? Or were you suggesting that you didn't fail and that your have successfully defended BFL's reputation on these boards?
I was "paid" nothing.  To receive payment there would be a 1099 involved.  I was given, free and clear, a miner.  There were no strings attached, it was a gift, presumably a thank you for coming to visit.  You claim Bruno outed me, but you could not be further from the truth.  While I was offered compensation for coming to KC to tour the facility with Bruno, I turned it down.  It cost me very to go there little as the car I drive gets close to 50MPG and it was a 450mile round trip.  In addition, I used to live in KC years ago and still know people there, so I went out to dinner with a friend and then Bruno offered to share his room, so lodging cost me nothing.  Now, Bruno was compensated, but he was invited to tour the company at their expense, I asked to come along, and after arriving turned down their offer.  Josh, Sunny, Bruno, me, Goat and a few other got taken out to dinner, after which Josh presented me and Bruno with the miners as we were getting ready to leave.  I guess by your terms, Goat is also a paid shill as is Bruno.

AS I said in the other post, I am not a white knight, nor am I a shill.  I merely enjoy telling stupid people they are stupid, and trust me, when it comes to BFL, there are a lot of stupid people that post on here.
113  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 04, 2014, 12:33:46 PM
Being a shill, being a bad shill and being paid are not mutually exclusive. Being a shill implies you are being or have been compensated (I already linked the definition of shill which you did not read or did not understand). It is clear from the lawsuits and -9000 trust rating for BFL on these forums that you are doing a bad job. You have admitted many times to receiving mining equipment from BFL in exchange for proselytizing your review of their operations.
Really?  You're equating BFL to a religion and claim that I'm trying to convert people to it?  Wow.
No. But yet again you fail to understand the meaning of a word.

http://lmgtfy.com/?q=proselytize
pros·e·lyt·ize
ˈpräsələˌtīz
verb
convert or attempt to convert (someone) from one religion, belief, or opinion to another.

There is only 1 part of the definition of shill that applies to me, and that is "they have a close relationship with the person or organization". 
The part where you were given a 25GH/s Single by BFL for free in return for your positive review of their operations. You were not the first person they gave mining equipment to in return for misleading information posted on these forums.

As to the trust rating, that just goes to show how sad the trolls here are.  The whole point of that contest was to show the weakness of the trust system, and WHO was the first to jump on board?  The trolls.  Mar 30th the contest was whined about on here and that very same day the trolls jumped at the chance to post negative trust over and over and over again.  ANYONE who 'entered' the contest received negative trust ratings as well.  The trolls are going out of their way to prove the system is broken, which it is.  And since it is broken, then it means nothing other than the fact that a few people can cheat the system.  Hundreds of fake trust rating have been made in the last month and all it does is show that it's broken and abused.  Congrats guys, you made the trust system worthless and are patting yourselves on the back over it.
If the trust rating can be so easily manipulated, then why doesn't BFL have +9000? I guess that is the part where you are not doing your job.

In other news, Bitcoin difficulty is at 8,000,000 and you still don't have your monarch. Close race, who will win?
Wow, you must be related to Syke...

1) Show me an example of my trying to sway anyone's opinion.  I've spent the better part of the last year telling stupid people they were stupid and never once did I tell people to buy from, or patronize or even like the company.

2) Your logic on the 24GH miner falls flat...  Bruno was also given one and he never posted anything good before the tour, the only thing he did was say he had visited and had changed his mind after seeing everything work.  I never posted anything about them after my visit other than to acknowledge I received the miner.

3) Yet again, I am a paid shill and I am failing at my job... kinda defies logic... why would I be paid to fail over and over and over again?  Your claim I am a paid consultant falls as flat as everything else you've claimed, but you need to stroke your ego, so keep up the lies.

4) The trust system *IS* broken, and the reason the trust is so low is no one cares BECAUSE IT IS BROKEN.  Why try to inflate a rating to prove a point when you can sit back a let the trolls make the point even more effectively?  Face it, Inaba dangled bait in front of your and the other trolls and you ate it up, hook, line and sinker.  You proved his point far more than if he had had several people boost his rating.  Maybe *YOU* are the paid shill...

5) YapYap: Dude, you are the one with issues.  You are also one of the stupidest people on this forum.
114  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 03, 2014, 09:07:21 PM
[...]

Since I don't understand what profit is, I guess the simple fact that I started out roughly a year ago with 6 GPUs and some electricity and between then and now I have purchased less than 1BTC with USD out of my pocket, purchased a 5GH Jalapeno for $308 and ordered a 300GH Monarch for 2.03BTC from BFL.  Along the way I was given a 24GH little single and have picked up a few other things.  If I were to total everything I currently own AND have on preorder, I have spent less than 10BTC if I had made all of my purchases in BTC at the time of acquiring them.  At current market rates, if I were to convert every crypto coin I own to BTC, I currently am worth over 110BTC.  Guess I really don't understand profit.

[...]

Even if your [unverifiable] wealth is true, there's no possible way that you were able to earn it using any of the BFL equipment you've mentioned so far. At first I was going to call 100% bullshit, especially since you started last year, but then you were sure to include that second to last sentence. Congrats on your investments in things other than mining equipment Wink

Anyone can flip a 10x profit by trading altcoins if they time it right (or lose just as much) and as an early adopter of Litecoin, I can attest.

Mining, however, is a far more challenging game altogether. As far as I know, no Butterfly Labs mining equipment that was purchased solely using Bitcoin has ever made a profit in Bitcoin (e.g. spending BTC10 and earning BTC11).
You are correct, I did not mine all of the BTC I own, I am fairly accomplished at investing and trading however and have had my share of good and bad luck.  As to being verifiable, I could very easily verify it, but I would have to take a loss in order to do so and then another loss to get back into what I hold.  Not worth it to me just to satisfy someone's disbelief.

As to your last statement, is that true of the FPGAs?  Regardless, doesn't that apply to the majority of ASIC mining equipment ever sold?
115  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 03, 2014, 07:31:37 PM
Being a shill, being a bad shill and being paid are not mutually exclusive. Being a shill implies you are being or have been compensated (I already linked the definition of shill which you did not read or did not understand). It is clear from the lawsuits and -9000 trust rating for BFL on these forums that you are doing a bad job. You have admitted many times to receiving mining equipment from BFL in exchange for proselytizing your review of their operations.
Really?  You're equating BFL to a religion and claim that I'm trying to convert people to it?  Wow.

There is only 1 part of the definition of shill that applies to me, and that is "they have a close relationship with the person or organization".  Since I am a customer of theirs, this has to be true (at least in the eyes of the trolls, ANYONE who has purchased from BFL and posted here has been labeled a shill).  But I have never hidden the fact that I am a customer, so therefore the full statement "is a person who publicly helps a person or organization without disclosing that they have a close relationship with the person or organization" is false.  I am not a shill.

As to the trust rating, that just goes to show how sad the trolls here are.  The whole point of that contest was to show the weakness of the trust system, and WHO was the first to jump on board?  The trolls.  Mar 30th the contest was whined about on here and that very same day the trolls jumped at the chance to post negative trust over and over and over again.  ANYONE who 'entered' the contest received negative trust ratings as well.  The trolls are going out of their way to prove the system is broken, which it is.  And since it is broken, then it means nothing other than the fact that a few people can cheat the system.  Hundreds of fake trust rating have been made in the last month and all it does is show that it's broken and abused.  Congrats guys, you made the trust system worthless and are patting yourselves on the back over it.
116  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 03, 2014, 06:59:20 PM
You lost this argument K9. Gracefully concede.
FTFY
117  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 03, 2014, 06:38:00 PM
al·le·go·ry
ˈaləˌgôrē
noun
a story, poem, or picture that can be interpreted to reveal a hidden meaning, typically a moral or political one.
"Pilgrim's Progress is an allegory of the spiritual journey"
synonyms: parable, analogy, metaphor, symbol, emblem More a symbol.

Again with your nonsense and total lack of understanding. I feel we are doomed to post here explaining the meaning the words to you until time stands still or BFL delivers the monarch, which ever happens first.

Given that you don't understand what profit is, it is clear now why you bought from BFL in the first place.  Grin Cheesy
You deserve props for turning your losing bet with BFL into a lucrative consulting job misleading folks on these forums (and probably others as well).
I understand quite well, it's just that you parse multiple things together into an incomprehensible montage that would even leave Picasso scratching his head.

First off, I was an electronics technician in the Navy, not an electrical engineer.  That means I specialize in testing and troubleshoot electronic equipment, not the creation of specialized chips and PCB boards..  Why would I be a paid consultant if all I know how to do is test and troubleshoot and as I mentioned in the other post, I'm sitting in a chair in Iowa right now, so long distance consulting on how to test things?  Wow.  I wish your fantasies were true.

Since I don't understand what profit is, I guess the simple fact that I started out roughly a year ago with 6 GPUs and some electricity and between then and now I have purchased less than 1BTC with USD out of my pocket, purchased a 5GH Jalapeno for $308 and ordered a 300GH Monarch for 2.03BTC from BFL.  Along the way I was given a 24GH little single and have picked up a few other things.  If I were to total everything I currently own AND have on preorder, I have spent less than 10BTC if I had made all of my purchases in BTC at the time of acquiring them.  At current market rates, if I were to convert every crypto coin I own to BTC, I currently am worth over 110BTC.  Guess I really don't understand profit.

The funny thing here is that you keep slinging mud in the hopes it will stick, and as yet you've failed.  First I am a shill, then I am doing a bad job as a shill, now I'm a paid consultant.  What's next, going to promote me to stockholder?  Maybe even give me Josh's job?  Heck, maybe you even think *I* own the company.  Roll Eyes
118  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 03, 2014, 05:59:50 PM
HOWEVER, at the point in time that the  house was bought, BFL had a TRUE revenue of $2.5million, of which there had to be some profit. 

Why does there "have to be profit"? From BFL's own chief financial officer while testifying under oath:
http://www.scribd.com/doc/217190031/2014-01-28-USA-v-Vleisides-Transcript

In terms of revenue, in 2012 the company did about $2 and a half million of revenue

I direct your attention that in the financial statement it was stated in 2012 there is a loss of approximately $139,000, whereas on the tax return it's $836,000.

BFL themselves said there was no profit. Their tax returns said they lost $839,000. Their financial statements said they lost $139,000. Yet they bought houses and cars with pre-order money when they knew they wouldn't be shipping product any time soon and they knew there were no profits.

It is very telling that you quote the revenue figure from the  USA v Vleisides 2014 transcript but leave out the part where there was no profit. Talk about cherry picking the data.

I love telling you how stupid you are.  Just because they can show a loss does not mean they had no profit from the sales of the FPGAs.  If you cannot understand how businesses work, then I am not going to waste my time educating you.  But trust me, you are stupid. (so is Bick)

Clearly, you do not understand the difference between profit and cash flow. BFL's CFO declared on the record there was no profit, only revenue. You claimed there were profits because there were revenue. That makes you the stupid one. If you would stop making random comments while trying to white knight, we wouldn't have to educate you on the meaning of words.

Obviously BFL has engaged in creative accounting to funnel money out of the company in the form of loans. They would want to show the smallest possible loss on their financial statements because that affects their ability to do business via credit lines, bank accounts, leases, purchase order terms, etc. On the other hand, on their tax returns they would want to show the largest possible loss. So the rosiest scenario has BFL only losing $139K and the worst case scenario has them losing as much as $839K.

As for BFL's cash flow, the money flowed from their customers wallets and into houses and cars for the defendants. Nobody (except you, and you are something of a nobody around here) disputes that.

This case is closed. All that is left is for you to spew nonsense at the cameras on the courthouse steps. Sadly for your benefactors at BFL, their legal troubles are just beginning and everyone around here (except you again, since you are a nobody) will enjoy watching them slow roast in the fires of our courts. Every minute, someone's refund gets turned into a loan for Sonny V and friends or goes to pay BFL's lawyers to extend the carnival ride for as long as possible.  You had better get cracking on that refund.  Grin
You are so stupid it hurts to read what spews out of your mouth.  As to the highlighted comment above, HUH?  Why would I be at a courthouse?  Are you insane as well as stupid?  How do I become involved in this? 
119  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 03, 2014, 05:36:40 PM
HOWEVER, at the point in time that the  house was bought, BFL had a TRUE revenue of $2.5million, of which there had to be some profit. 

Why does there "have to be profit"? From BFL's own chief financial officer while testifying under oath:
http://www.scribd.com/doc/217190031/2014-01-28-USA-v-Vleisides-Transcript

In terms of revenue, in 2012 the company did about $2 and a half million of revenue

I direct your attention that in the financial statement it was stated in 2012 there is a loss of approximately $139,000, whereas on the tax return it's $836,000.

BFL themselves said there was no profit. Their tax returns said they lost $839,000. Their financial statements said they lost $139,000. Yet they bought houses and cars with pre-order money when they knew they wouldn't be shipping product any time soon and they knew there were no profits.

It is very telling that you quote the revenue figure from the  USA v Vleisides 2014 transcript but leave out the part where there was no profit. Talk about cherry picking the data.

I love telling you how stupid you are.  Just because they can show a loss does not mean they had no profit from the sales of the FPGAs.  If you cannot understand how businesses work, then I am not going to waste my time educating you.  But trust me, you are stupid. (so is Bick)
120  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: May 03, 2014, 03:58:25 PM
I read somewhere that pre-order money cannot be used for day-to-day company expenses, only parts and manufacturing costs for the product that has been pre-purchased.  For a publicly traded company, it needs to go straight into an escrow account and not touched until the product is shipped.   

Pre-orders cannot be declared as income. They recorded as deferred revenue (by real companies, not BFL).

Generally accepted accounting principles require you to record income when you deliver the merchandise or provide the services. You must also either receive payment or have a reasonable expectation that you will receive payment. The reasoning behind the concept of deferred revenue is that you have not yet earned the income, and until you have, you have a potential liability because you will have to refund the money if you do not ship the order or provide the service.
http://smallbusiness.chron.com/deferred-revenue-vs-promise-pay-34293.html

Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been rendered or products have been delivered. Deferred revenue is a liability because it refers to revenue that has not yet been earned, but represents products or services that are owed to the customer. As the product or service is delivered over time, it is recognized as revenue on the income statement.
http://www.investopedia.com/terms/d/deferredrevenue.asp

BFL took their customer's money and bought houses and cars for friends and family of Sonny V. That is not GAAP.  Grin
Wow, you are correct, pre-orders, as stated by the accountant on the stand in the hearing, are a LIABILITY.  HOWEVER, at the point in time that the  house was bought, BFL had a TRUE revenue of $2.5million, of which there had to be some profit.  Just because some of that profit was used in a matter you don't like means nothing, as they can use their profit any way they like.  You are like JackRabbit, twisting things to fit into your demented mental picture that has nothing to do with actual reality.
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