Re: New monarch line
I would just like to point out from different sources, that BFL has shipped about 10-15% of all there pre-orders. If you didn't know, BFL pulled this same tactic when they announced their ASIC line when they were still months and months behind on their FPGA line (Bitforce). With how oversold their delivery schedule is, it makes sense BFL would announce this in the face of rapidly rising difficulty.
I suspect many of there pre-order will have a negative ROI soon so they "had" to do this to give the people a distraction from the real issues. Many may disagree but I see the same road heading to the same wall again.
Your public service announcement
-Dalkore
I wonder if someone who never got their FPGA, upgraded to ASIC and never got that, and now has upgraded to monarch. This is what such a person would look like.  |
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Chip development is traditionally a 12 month process, so ASIC engineering teams have to be forward thinking in order to provide the best technology to the market. 28nm development began a long time ago. Yet, two weeks ago Josh was dissing 28nm technology. Here are the timeline milestones: Timeline milestones worked so well for Josh back in January of this year, they've opted to do it again. You can apply the purchase price of any undelivered product towards a 28nm product by paying a 10% transfer fee. That will close out your old order and credit your account towards the purchase of a 28nm Monarch pre-order. There it is again: You can't cancel your order due to your pre-order money was used to acquire parts to built your miner, but they will gladly toss them in the dumpster if you upgrade for only a 10% transfer fee. Madness! |
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On BFL's FAQ page, you can see that the 1/3 program is still in place. Amazingly, there are early investors who upgraded due to the conning verbiage BFL used to have them do such, and have yet to receive their products, and after several attempts haven't been able to get an estimate from BFL as to when their product will arrive. Now, BFL is asking them to upgrade once again.
Madness!
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Can I get a refund on my order?
While we reserve the right to handle refund requests on a case by case basis, pre-ordered products are non-refundable as is clearly stated at the time of purchase. The reason for this is that pre-order funds are used in the build process which makes it impractical to reverse. It's also been observed that some small number of customers have placed orders as part of a bitcoin price hedging strategy which involves multiple requests to cancel and then re-enstate their orders as market conditions change. This has created an enormous customer service burden which is resolved by enforcing the all sales final policy.
But now, thanks to the magic of the internet, one can simply upgrade by canceling their previous order in lieu of an upgrade with ONLY a 10% processing fee which will be used to pay warehouse personal to toss the now unusable components of said previous yet-to-be-built miner into the dumpster. Also, isn't this a form of a HEDGING STRATEGY that BF Labs Inc. is trying to put an end to as stated in their FAQ? Every single person who upgrades is trying to hedge their investment. Madness! |
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BFL's main FAQ page is still showing that they accept PayPal: http://www.butterflylabs.com/faq/What methods of payment do you accept?
We accept PayPal, Bitcoins and Bank Transfer.
PayPal has a transaction limit of $10,000 US. I'm sure Josh or Jeff will take care of this first thing Monday morning upon reading Bruno's post. |
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You know what else might just work ? Holding onto two live electrical wires whilst jumping into a vat of acid, hoping to acquire super-powers.
Or you could take a chance on this product.
Either choice is liable to cause you pain and suffering.
At least with one of the choices, sex is involved. |
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haha "looser" cant even spell.
A spelling cop that can't spell, looks like an even greater fool than the person he was trying to call out LOL In the wild, they're referred to as "Cunts". |
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Just saw this on Twitter - WOW...
Roger Ver @rogerkver 7h
"I would rather sit in a tub full of pig feces and smoke meth from a hollowed out fetus then order anything from Butterfly Labs." -Reddit
Wow! Did Roger really say that? I wonder what Tony at BitPay thinks. |
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Lets all give up mining BTC then! This forum is going to be very boring.  Ah. So you don't care about math or mining. No wonder you are seemingly very positive. Seriously, why are you here? Do you get some kind of perverse pleasure from pooping in the punchbowl? You offer nothing but endless amounts of negativity. Maybe I'm a masochist but I've had you on "ignore" several times but have felt compelled to see if you are offering anything else to the community but FUD. Back to ignore... after I read your next few agonizing posts. PL gets ignored--again--by a user that adds an extra space after each period and uses those three dot thingies (...). I'm beginning to believe Josh is Sybil. |
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I've stated such, but here's the same by a more astute Bitcoiner: "BFL is full of... incongruence, you can't cancel your single "because they already have the material to create your single" but you can upgrate it to a totally different product, this guys are just playing with our money." |
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There are always refunds available because BFL has to play by Federal Trade Commission rules. Those rules say that they must refund your money up to the point at which they actually ship your merchandise. Even if you live outside the US, you can still file a complaint with the FTC.
Not only the FTC. http://da.jocogov.org/complaint-formsThe KS state attorney general reports that they have recovered $17m in "consumer restitution, fees and penalties" in 2011, and $43m in 2012. Maybe 2013 will be another banner year? Make no mistake, the AG posts those figures to make sure he/she gets another feather in their hat for the advancement of their career. Now that Bitcoin is in the news, and there's money to be had, this is a no-brainer for the AG of OZ, all thanks to the COO of BFL. |
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Neither one of those accounts were ever in my control. |
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Is your account named after the Phineas Gage? The guy that survived a rod being driven diagonally through his brain completely in the 1800's?
Yes. I discovered that fact when Julia Roberts named her twins Phinaeus and Hazel. |
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I'm just curious, but feel free to PM me if you have any questions. I wonder if my account would be worth more if I promised to stay away for X period of time. I'm guessing not that much since the buyer would have to donate to this site to become a VIP so that they would have the ability to change the nym. Then, there's the task of altering some of the posts, of which I would help... did I just pen that? |
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Presumably, they started development on this 6 months ago.
Why would you presume that? BFL has no internal ASIC or FPGA design experience. Everything is outsourced. This is the resume for their "CTO/CEO" who supposedly resides in France. Note the total lack of relevant experience. This will be the 2nd round of asics being produced. They have to be getting better at this game by now with more industry contacts and suppliers.
Actually, it will probably be the five-hundredth round for the design house that BFL outsources their chip design to. That didn't help them the first time, it probably won't help them this time either. Now they have 1 product line instead of 4 greatly simplifying the production.
Yes. They are going after the higher end guys who are willing to make a business out of this.
Actually, PCI goes after the lower end market. You want blades with a simple rackmountable backplane that can handle 10 or so blades. Not something designed to sit in $500 of 4U overhead with tons of wasted space inside and a shitty cooling profile. Its got to be annoying to sit and listen to some guy who ordered a 5gh miner for $300 bitching about when his shit is going to be there screaming SCAMMERS all day.
They could ship product instead of sitting around reading the forums. Solves 2 problems at once! I'll admit this came sooner then what I would have expected.
You now have 3 choices. 1) Double Down 2) Go long, 3) Cry Moar. 90% of the people in the forum have chosen option 3.
Anyone who is serious will choose option 1. I doubt many will choose option 2.
Serious brain damage perhaps. Found the company along with other share holders, designed and engineered end product (PCB, Firmware and Digital Design) Now, tell me that Jeff Ownby isn't provided Nasser's copy in this thread. On his LinkedIn page, Nasser only lists French for languages, forgetting that English and Persian/Iranian are also languages. The only motherfuckin' thing I have ever seen on the internet that Nasser developed prior to joining BFL was a PCB that played elevator music. Search this forum if you want the link. We are being lied to on a grand scale. This is motherfuckin' nuts! |
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This is hilarious... I actually have some BFL hardware and even I think this means they are finished.. They are obviously trying to move payments to a medium that cant be refunded (bitcoin or wire xfer). They are using a design which alot of us *know* cannot dissipate that much heat, and they are moving at a snail's pace with current orders.
Guys... Ive never said this before, but i believe they are on the virge of folding and taking anyone who preorders money with them..
Regarding power consumption, Radeon 6990 both consume more power than our card does, the very reason we took this design approach. Regards, Nasser EDIT: Corrected '5970' and '5870' to 6990 Simple mistake for a Persian engineer to make late at night in France on a Saturday. It's 3:00 AM Paris time, and I do enjoy reading threads usually. Nasser Of course you read them not logged it. Smart move. I still believe Jeff Ownby is using this account. |
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Once again FUCKING CRICKETS !!
You know its BFL when they wont answer simple questions !!
Let me guess the Vtn value is unknown as you are not the mythical French Bank employee /ASIC chief engineer
The Vtn is known, but due to not tipping their hat to the other vendors, I doubt Nasser will answer the simple question. Full Disclosure: I ain't got a clue as to what a Vtn is, but thanks for reminding me to take my vitamins: B12; Fluoride; Lithium. |
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I think around 1W/Gh is a more reasonable estimate, that would be the number I will be running with for making future energy consumption estimates. 0.58 (BFL site) or 0.77 (Nasser) just seems too optimistic given history of both BFL and other companies.
Will
Every opinion is respectful. I'm happy we were able to resolve even the most challenging issues we encountered in the past. We will always look forward into making better products for our customers. Regards, Nasser Well-written for a Persian-Franco, given it's how late in France according to the time stamp? My guess is that Jeff Ownby wrote the above, BFL's marketing guru. |
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Its interesting this was 'leaked' with no official announcement.
Especially on a Saturday morning. I know lying cocksuckers when I see them, and BFL fits the bill to a tee. |
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