On a somewhat off-topic bent, I wonder if on a small scale, the ASIC world portends the general trend of the future. bASIC and BFL being two US based companies, Avalon and ASICMiner being two asia based companies; we see ASICMiner with chips in hand, Avalon with a supremely confident air as to delivering mid-January. For contrast we see BFL with continual delays and apologies, and bASIC basically folding up shop completely (in favor of selling to an Asian company).

Do not worry. These ASIAN benefactors will not let anyone down.



EDIT: No seriously. This is hilarious.


ASIAN benefactors.

I do hope the security of our personal information isn't just forked over to some unknown Asian company...  I do not want my name, address and any other information handed over at all

I am selling my share in BTCFPGA and it is now going to be owned by a asian company that is 100% sure of a March Delivery.  if you are not interested in doing business with this company please feel free to filll out a refund request and we will refund your money is full. There is plenty enough money to make all of these refunds and I have been a pillar of this community for years, so please no panic. Anyone that wants a refund - they will receive one today. Please I ask you to please accept my apologize - if you can wait until March you will receive a superior ASIC mining device, if you lost your trust in me and my company than I dont blame you at all. But please understand I tried the best at the best of my ability and I can't take any of this anymore. I am not the right man for this job. Your new ASIAN benefactors will be online soon to greet you all and see where were are at and hopefully they can calm some of your nerves.

By law, you must have a reasonable basis for stating that a product can be shipped within a certain time. If your advertising doesn't clearly and prominently state the shipment period, you must have a reasonable basis for believing that you can ship within 30 days.

If you can't ship within the promised time (or within 30 days if you made no promise), you must notify the customer of the delay, provide a revised shipment date and explain his right to cancel and get a full and prompt refund.

For definite delays of up to 30 days, you may treat the customer's silence as agreeing to the delay. But for longer or indefinite delays - and second and subsequent delays - you must get the customer's written, electronic or verbal consent to the delay. If the customer doesn't give you his okay, you must promptly refund all the money the customer paid you without being asked by the customer.

Finally, you have the right to cancel orders that you can't fill in a timely manner, but you must promptly notify the customer of your decision and make a prompt refund.

Can't remember the full details, but I think Tom had some investment cash from "prominent members of the Bitcoin community" prior to accepting pre-order money, which is not to say that he hasn't spent all of that and some of the pre-order capital too, but I don't think he was funding the whole venture entirely on pre-payments.

Also like the ModMiner quad this project is being partially funded by lenders in the Bitcointalk lending syndicate. We contracted a well known overseas company to provide us with a SHA256 hashing core that could be applied to Bitcoin mining, this company is one of the top design firms in the world when it comes to SHA256 IP cores. We leased what is called an RTL design which allows us to use any target ASIC process technology of our choice, once we had the core design we spent some money to have some made (this took some time) and turned those over to the hardware development team. We have two guys which I have no problem admitting are much smarter than I am who have come up with a working development board using multiple instances of the hashing core I indicated above. They have a very very (did I mention very?) primitive hacked together mining program that is being used to test, testing has been going on for about 2 weeks now with positive enough results that encouraged me to go public with our next generation of Bitcoin mining product. The hardware guys are still working on finalizing the pcb board design and there is a lot of firmware and software work that needs to be completed.

Are things really this bad? Geez. Hopefully Tom can pull it together, fess up with what's going on, and move forward. If he keeps this up i'm afraid he's toast.

hi

Looks like I may have screwed up unless China schedule is way diff from ours or something

can someone from China please clear this up so we can move forward
thanks

Is he drunk? He sounds drunk.

WOW......where did all the BFL haters/trolls go?

Wow...Where's Tom's official response? Did he just update the web page without making a post?

Chinese new year or new Chinese year year, this a bad time of year to relay on devices that reply so heavily on parts from countries that celebrate thew near years and the up coming spring festival. This based on other delays has had us go back to the drawing board and figure our a realistic shipping date from these products.

We are ready to set a final - never again changing date for bASIC shipment and this will be between March 15th ad Marth 29.

All Domestic orders will receive free priory mail unless otherwise ungraded. Overseas customers have the opportunity for DHL shipping with will be much faster.

I strongly recommend both domestic and overseas customers to take us up on our hosting deal. This will get you the absolute cheapest electrical costs in the country and in hand you will have 24 managed care of your miners, not just the fact that over seas customers will not have to wait to clear customers to receive their packed it means they keep to enjoy mining right away and reap the benefits of the domestic customers who ordered at the same time. The 3d and most special part of the whole thing is the incredibly low electrical usual you will benefit from, we are talking the lowest electrical rates in the country. Something that will make the actual electrical usual of these devices which are very low to begin with completely meaning less!THIS IS THE REAL GAME CHANGER IN THIS MINGING GAME.

and I would be SO surprised if BFL can even been this date to begin with.

So yes no more messing around - I apologize for this un scene problems but i also give you an absolute final unchanging shipping dates via Express MAIL, DHL Express Overnight and USPS overnight is March 15-24 and I guarantee it will not be any slower than most of our competitors if ANY. Not the mention the fact that our overseas customers who decide to host at daves' managed datacetner will see first mining difficulty jump advantages in a worry free and completely managed environment with the absolutely lowest electrical usage rates in the world. No Joke. For thos of you who stay with us. YOU WONT REGRET IT .

pretty sure this is a lie

Just got an email saying early spring - so not any time soon.

Also I am happy to report that we are working out a deal with one of our competitors to supply these asic chips to them at a reasonable price to them , so that they may use in their own mining unit designs which strengthens the network and the market.

Our relationship with our PCB Fab and Packagers has gauranteed us completed ASIC wafers with complete pckages - ready to be assmebled on PCB and shipped out in March 2013 at the very latest .

ALL ORDERS WILL SHIP IN MARCH 2013 GAURANTEED

Won't they also give you like a week ahead of time to ship your FPGA before they start shipping ASICs? I believe the BTC collateral was more for international customers where 7 days may not be enough time to ship your FPGA to them without costing an arm and a leg.

It was my impression that you do NOT need to send them any coins to get your upgrade. If you wanted to send them coins as collateral for your upgrade while you ship the old Single back, you can.

I can make my full guarantee, this is because I can make sure no coin is lost during the trade.

If you do not want to make invest I ask for you to leave, and not be this troll.

I can prove myself to be the successful deposit accept. Why make these false assumptions?

I didn't even know that I could send them an equivalent amount.  This must have been some option that came up recently. I just assumed that when my order was ready I 'd have to send in my FPGA.

We plan on giving at least a weeks notice. If you want to send us BTC as a deposit while we ship your ASICs, we will do that as well and then refund you back the BTC when we receive the FPGA unit.

2) BFL hasn't received any FPGA Singles to count towards the ASICs. I myself have an upgrade from a Single to a SC Single, but I'm still hashing away on the FPGA Single until the actual hardware is released.