You are making an assumption that Bitcoin's value won't change in that time. There is a lot going on in the financial world right now, I think we're on the verge of a new push. Let's say Bitcoin is worth $500 or more each in 6 months, even making a shaving of a Bitcoin can still be worth serious money.

The miners ultimately set the price of Bitcoin, which only goes up the harder it gets to mine. The currently upward swing will look like nothing soon I agree. More power usage, more time, = more BTC value.
 
Yes there some large "ifs" there, but don't forget as difficulty goes up, the value of Bitcoin will as well. If all gold were on the surface it wouldn't be worth much, but since we have to dig further and further to get at it using more time and energy, it costs most for the miners, therefor costs more to buy as an investor. Bitcoin follows the mining analogy to a T.

There is no way in hell it would ever reach that kind of performance...

It is stated these will feature nVidia graphics, which are not known for good hashing performance anyway even with CUDA.

Mac is probably one of the worst things you could use for mining purposes. At current difficulties you need dedicated rigs to even make it worth your while.

Here is another fresh reason we may see Bitcoin start a massive push again soon


http://finance.yahoo.com/news/japan-adopt-bail-ins-force-181947896.html

Japan is close to pulling a Cyprus and just stealing their "bail-in" money from account holders.

Cyprus is not the technical mecca that Japan is, can you imagine how fast Bitcoin could spread through that country?


Or Argentina where inflation is eating the Peso alive

Or Greece who is on the brink of government and social collapse

Or Slovenia needing a bailout soon problably

Or the PMI in the Eurozone showing massive contraction across the board against already fragile governments and financial systems

Or China who's massive overbuilding is beginning to contract, leading to a tank of the Yuan

Or America and its continued economic pumping at the hands of Bernake and the Bankster Squad, which is just being drained into the world's biggest casino (aka Wall Street) where it is gambled away recklessly, many predicting a massive stock market crash within the next 6 months

Or...

The whole world is in trouble. Massive, inescapable trouble.

Buckle in, this planet is about to get weird


Bitcoin may be the only direction to go as the old economic system begins to burn down around us.

Don't let the door hit your ass on the way out

 



We have our own thoughts for what kinds of features and options to put into this, though I value community input, so-

What would your dream device include?

They have some screenshots up now, but according to ELA they are pretty much all fabrications...

The shot of the casing is completely fabbed

CG miner screenshot has one definite square where it was manipulated, I imagine more of it was but resaves could make it hard to tell otherwise.

The last photo is not evident directly, but we can tell from this that A) Photoshop was definitely used and B) had been resaved so many times any bright spots of manipulation would be zeroed out


They are clearly scamming or are just completely incompetent, have already been caught lying, and with that childish super-rant I would not trust them any further than I could throw 'em.

I have sent off our legal paperwork today to form us as a real, legal business in Montana state, the details of which will be posted publicly (barring personal details of the members) as soon as I get the confirmation letter back.

We have had somewhat of a hold lately with meat-world issues for all of us personally, as well as taking this step before we proceed much farther with the FPGA design itself. We have developed a clear concept for the overall product design and the features we want to include in this time however.

As usual I can't say too much more at the moment, but for an idea, Crucible is not just a single device  

I just found it doing a general web search for mining companies, which led me to the Bitcointalk thread as well

So many it is getting hard to keep track 

As I said, aside the older Jalepeno (using the newer casing because they completely screwed up and had to redesign them to handle the heat), nothing else has shipped at all. https://products.butterflylabs.com/ NONE of these have shipped in present configuration. The Jalepeno and Little SC look the same but are in fact different products. So yes, until we see some of those units all of that is vaporware that people have paid for and are far behind on their shipping promises. Not a single unit of the new line has been demonstrated or seen.

Nice catches Metatron  I will add them to the OP

These people seem to forget they are trying to scam a bunch of tech professionals and enthusiasts that know better...


I suppose the pre-order crowd are a good analog for canaries  They just die financially

Well I'm convinced where do I send my money without a second thought?

My bullshit detector is on fire

You are clueless about both mining hardware and business. So you "launch" half cocked with zero actual information or proof claiming a Scrypt ASIC, and then claim it isn't really an ASIC, nor an FPGA (??). And you then have the balls to ask the community for funding on some flimsy premise? You have no website or social connections, and no credibility whatsoever behind you.

You need to provide something real right now or please just stop it. There are quite enough scammer/wannabes on these boards.

I think you are all missing the poing here as BFL has not shipped a damned thing aside a trickle of Jalepeno's of the older design. Not a single unit of the revised BitForce line has shipped, period

Why are you speculating on machines that are vaporware

YOU have yet to produce any proof that BFL actually intends to deliver on it's promises. Why don't you stop chewing members of this forum for pointing out your failings as a person and as company and give us something real instead of dicking us around. The burden of proof is on you, not us. Companies that deliver what they promise don't have the backlash you do, go ask ASICMiner how they are doing customer wise. There doesn't seem to be any problems there because they actually did what they said they would.

You are a liar, and just an asshole otherwise.

I haven't received anything myself from them in pm or email.

They have posted some new pictures, however with the error analysis of the pictures the screenie of the case is definitely manipulated, nothing that looks like that is on scan.co.uk. Why would there be audio ports on an ASIC miner?

A little manipulation was done on the cgminer screenshot. There is clearly a square on it that has a higher error rate than the rest.

Hard to tell with the last one, heavy rainbow suggests it definitely went through Photoshop and was resaved several times to the point any manipulations are drowned out by error level reduction. If that grey thing in the middle of the monitors is the unit, it looks different than the first picture of the Photoshopped case. If the vent is on the side of it, any wires should then be coming out of the top, which I don't see anywhere. What else is odd is just the angle of that grey box, from a top down shot the top of it should be visible? It proves nothing otherwise, as the screenshot is too small to make out what is on the cgminer screen, it could be anything. The grey unit in the middle may not be anything related.


With ELA you cannot tell directly sometimes of manipulation, but these shots are not on the level. The only way to prove the last screenshot is 100% real is to see an unadulterated full size camera grab from the Blackberry it was taken with (in the metadata).

Also given BFL could barely get 5 GHash out of a unit that size without serious heat problems, how the hell are they pulling nearly 10,000 GHash out of something this size?


Given they have already been caught lying with that DSL modem picture, and nice little rant on the front page (see OP for these), zero reason to trust them so far. I still heavily advise against giving them any funds. Something else of note, there is no way to contact them from their website.




Ill post a proper image analysis later on the real CoinCanary website

Anyone who gives BFL money at this point deserves to to be scammed

They started with a Bitcoin FPGA, way late to the table, and scrapped it in favor of a non-existent ASIC

Why are you doing a group buy for a product that does not exist?

I understand John K can be trusted and no funds will go anywhere without more, but still...

Go ahead and buy one, Josh needs a new Ferrari

No, I'm just me

Canaries were used in the days before better air quality testing gear was available to miners. Much of the time there would be toxic gases released with digging, most notably carbon monoxide that is colorless and odorless (poisonous to humans). A canary was put in the mine ahead of the miners themselves, and if the canary died, they would know it was likely not safe for them either. This practice is no longer done in the civilized world of course, but long ago it was the only way to detect deadly gasses before the advent of mechanical air sensors.

The concept here is similar, much like the analog of real gold mining to digital Bitcoin mining, the scope is to alert miners to the information and dangers surrounding these many startups/scams before people get suckered.

Well to be fair, it is mining concept older than anyone on here.

Canary I do apologize if you feel slighted at all by that, you should know I did not base it off of your username (this is the first time I have seen it ).