Besides the fact the guy has no integrity to start with posting false trust remarks. Why would any believe he is concerned about fraud? See here: hardhouseinc-- Shipment is with DHL is it Roadstress / Spondoolies Tech? Keen on having DHL as sending it to Norway S2 taking way longer than it should. Held up in customs in Oslo with UPS. Bitmain drop the shipping ball on that or UPS not sure which. Aggg... 5 days in Customs waiting. Not good. |
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leopard2 NEW SPAMMER! Join the CLASS ACTION LAWSUIT Follow the Reference Link. The Wood Law Firm LLC announced today that customers from across the country have joined together and filed a class-action lawsuit challenging the sales and advertising practices of Butterfly Labs. The lawsuit against BF Labs, Inc., which does business as Butterfly Labs seeks compensation for customers who pre-paid Butterfly Labs for Bitcoin mining equipment and who did not receive the equipment they paid for, or received the equipment far after Butterfly Labs represented the equipment would ship. Bitcoin is a peer-to-peer payment system and digital currency. Bitcoins are created by "mining", a process where miners receive transaction fees and newly minted bitcoins in return for verifying and recording payments into a public ledger. By design, mining is a computationally intensive process which today requires purpose-built computer chips to be cost effective. The complaint, filed in the United State District Court for the District of Kansas located in Kansas City, seeks to recover the pre-payments made to Butterfly Labs and the losses customers sustained due to Butterfly Labs' conduct. The lawsuit alleges Butterfly Labs required customers to pre-pay for orders of ASIC based Bitcoin mining hardware, and used portions of customer pre-payments to make loans to shareholders and purchase a house and automobile for a shareholder. Because the computational difficulty of Bitcoin mining increases over time, by the time some consumers finally received their equipment, the equipment had become worthless because mining with the equipment was no longer cost effective. "Bitcoin is an exciting and promising new technology. Unfortunately this also makes it an attractive area for people running scams and frauds," stated attorney Noah Wood one of the lawyers for the customers. "Stopping the bad actors and staying vigilant against consumer fraud is absolutely necessary for the successful development of the Bitcoin ecosystem." According to the complaint, Butterfly Labs may have collected over $25 million in customer pre-payments. The lawsuit also alleges Butterfly Labs, despite telling customers that Butterfly Labs did not mine bitcoins itself, used equipment customers had already paid for to earn mining income for itself under the guise of "testing" such hardware. The complaint states this "testing" served "to enrich Defendant at the detriment of its customers by both denying the customers' use and benefit of the equipment they have already paid for, as well as increasing the overall mining difficulty required to generate future bitcoins." The case is Alexander et al. v. BF Labs, Inc., Case Number 2:14-CV-02159 (D. Kansas). The customers are represented by Noah Wood and Ari Rodopoulos. A copy of the lawsuit and further information is available from the Wood Law Firm, LLC at www.woodlaw.com/cases/butterfly-labs-and-bf-labs-inc-bitcoin-miners.
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of course "miracles' require no proof...the act of 'faith' is enough
Unfortunately BFL is a faith based industry the only miracle is they are still in business. |
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Things Josh forgot to add into the cost profile of the GPU styled Monarch
Shipping.
PSU.
Casing.
Motherboard / Controller.
Cables.
Not only is it going to be ineffective in trying to cool those chips it will certainly be an eye opener when you have to spend another $500 on top then build it and put it together.
SP10 just plug it in and go. I fail to see where the market is for something that is obviously a throw back to FPGA style product that you have to babysit and stack and rack yourself. BFL just needs to throw the design out for the GPU card and start again. August? September 2014 before you see anything shipped is my guess.
The PCI-E card is (or should I say, would have been) a great design for their 65nm product line. Back when they announced the 65nm line we all had GPU setups with a bunch of PCI-E slots and huge power supplies. It would have been perfect given the hardware that Bitcoin miners had at the time. However, in BFL's true idiot fashion, they've created a "card" design when every BTC miner has long-since moved from that platform. I think BFL is the king of "bright ideas", and when I say bright idea, I mean it in the most sarcastic tone possible. Density was and is where mining is headed. GPU was never really on that tangent. Have to agree though a 65nm asic to replace GPUs would have if it came out at the right moment a great product although it would have been short lived given what ASICMINER did in Hong Kong with Allied Control the immersion 2 design was and still is what the industry will be heading towards. Cooling is going to be required over the next few chip generations given how hot these suckers are going to be. Exotic cooling is going to be the rule not the exception. |
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Things Josh forgot to add into the cost profile of the GPU styled Monarch
Shipping.
PSU.
Casing.
Motherboard / Controller.
Cables.
Not only is it going to be ineffective in trying to cool those chips it will certainly be an eye opener when you have to spend another $500 on top then build it and put it together.
SP10 just plug it in and go. I fail to see where the market is for something that is obviously a throw back to FPGA style product that you have to babysit and stack and rack yourself. BFL just needs to throw the design out for the GPU card and start again. August? September 2014 before you see anything shipped is my guess.
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I am predicting they start shipping mid feb for that preordered early,i think bfl will get it right from now on as there have the money to higher more staff
Nope... try again. Mid-May now. How about August 2014? |
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Hello,
Just to let you know guys. I am thinking about selling on e-bay bulk HF Golden Nonce chips soon if anyone is interested.
Currently have enough chips in our design pipeline. Thanks for the information will keep it in mind for later in 2014 if the price is right and if HF compensation for customers seems to be resolved. |
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If you look at the hashing power and subsequent difficulty increases at the time that BFL started shipping their ASICs, you'd see that their burn testing was insignificant in comparison to the difficulty increase from ASICs actually shipped by them and their competitors. I think they do less than 24 hours of burn testing, on a tiny fraction of the available mining hardware. So I wouldn't get too upset about it.
Also, Josh allows (or used to) for some people to keep their hardware with him and offered them the service of doing the mining for them, instead of shipping the hardware and doing the setup and mining themselves. I suspect he used his own pool for that purpose. Though I don't really get what the issue is with Josh owning and selling BFL a mining pool.
Let us see what comes out in the discovery. Documented for future reference. |
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i was really thinking about buying a monarch, but i'm just not convinced bfl will be able to produce these anywhere near their speculated time frame.
And the winner is? Still no Monarch today. Not expected tomorrow. 15 months since they quietly started development. |
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Where oh where are the Monarchs gone? Extinction?
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S2 already in Norway next day! Oslo to DataCenter could take longer lol!  Nice brag! LOL... it be better if Oslo to DC was same time frame. Have to wait til Monday! Argggh! It is a 4 hour drive to the DC from Oslo and they couldn't do on Friday! I bought both. SP30 and S2. At this point I think it is important to support both companies given we do not have a lot of other viable choices. There is little between them. I am willing to risk buying Bitmain even if there are some issue with RMA given they ship fast. I am willing to risk on buying Spondoolies later for August because the SP30s are a tremendous product. Personally I don't see this as a competition as long as people stop funding HashFast, BFL, KnC, Cointerra etc then the community will be better off in the longer term. At this point there is little to choose between Bitmain and Spondoolies. Can't go too wrong either way and if there is an advantage to Bitmain it is slight at these current BTC prices. |
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While I agree to some end with your comments regarding that WASP project, it really does seem that there's always a constant stream of people trying to grab your ear because you're fucking them around. I hope things get sorted out for you with the BA chips because I like them being in the hands of comptent developers, but maybe you could also take some time for some self-reflection.
If he put less time spraying hate on people who legitimately have a reason to complain then we'd all be good. As for what the WPC does or doesn't do means little to the community as I said before. We are not taking anyone's resources but our own. It is funny how he wants to scream scam at the BlackArrow team so quickly yet doesn't want to face the musak from a number of people still questioning refunds for group buys and whatnot. If you doubt the work we are doing then feel free to join a meeting. Determine for yourself where we are or aren't dropt if you have the time we are open to letting members of the community have a look. Nothing to hide. |
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So what are the odds of the first tape out having a design flaw that will make us have to wait through a second fab?
All ready discussed at length. We'll ship on time and on spec. I have an SP30 order from you, and I want to believe.. But if you are so sure, why is this in your Terms of Conditions: Delivery dates communicated or acknowledged by Spondoolies in the Order Confirmation are approximate only, and are dependent upon supply chain interruptions and stoppages, development delays, and other factors. Therefore, Purchaser shall not rely upon, and Spondoolies shall not be liable under whatsoever circumstances for any other estimation statement of expectation when delivery will occur. How did the terms helped customers of: BFL, AMT, TerraHash, HashFail, CoinTerra, scammy VMC/AMC, etc customers? It didn't! Why are you stressing over this? Spondoolies Tech is the only company that funded itself for over 9 months and they launched a product without taking any customer money upfront. They are here to stay and obviously they don't plan on screwing their customers like the mentioned companies above. Do you really think that a company that was funded by 2 VCs firms will screw their customers? Why can't people see the differences over ALL other companies? I am with SP, I have a SP10 and happy with it, but the terms and conditions exist for one reason, a buy is a contract and clients are protected if the seller does not comply with the contract. Don't shoot people that wants to get more protection, just tell them that SP is not willing to add that clause but will do anything reasonable to comply with the dates provided. They have fairly early on in the thread if I am not mistaken. CAVEAT EMPTOR. |
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S2 already in Norway next day! Oslo to DataCenter could take longer lol! |
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S2 is in transit... woot. I do like the Bitmain ship as promise philosophy as much as Spondoolies Tech's. It is nice dealing with companies that actually deliver on time.
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Bought an S2. Bought some SP30s. Might buy some SP10s. Depends on how silly I feel. Twinklevoss? Man... let us just say that this year we all hope and expect over 1500$ right?
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$3200 with the shipping hmmm nice.
Comparable to the S2.
Nice indeed.
Makes the choice a bit easier. Feeling more inclined to get an SP10 as well now.
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