Butterfly Labs

[elux]

Josh and Sonny are moving $1MM pay offs to others in the scam and shutting it down?

No. That would be overtly illegal and stupid. They are not stupid.

They would need to "fail", i.e. shut down the company first.

3 outcomes: Shut down, go bankrupt or deliver.
Each is a win for BFL and a loss for the customer.

(Yes for sure including delivery.)

Why would they need to pay anyone off? I'm sure they can afford very nice wages.

[hashcode]

Everything I've been reading from reddit's bitcoin forum has lead me to believe that the ship has largely sailed on making BTC off of mining. These ASIC devices seem to be ridiculously difficult to produce and only come out a few units at a time, but conversely, increase the mining difficulty by a large amount. So by the time you sit though a long waitlist of customers ahead of you and eventually get your ASIC, you won't be making much BTC per day.

That said, it's not really that big of a gamble to drop $149 on a Jalapeno and just hope that maybe you're able to eke out another $100 of profit out of it. Just be ready for that to not happen and for you to end up with a cool mug warmer

[caiaphas]

I don't know if Butterfly Labs is a scam or not but I find it irresponsible to accept so many pre-orders for such a long period of time without actually having a product to ship.  I believe the pictures you see on their website are nothing more than concept art.

[Ente]

..a challenger appears:



See here for some USB-powered ASIC porn:
https://bitcointalk.org/index.php?topic=99497.msg1819469#msg1819469


..want to bet who will deliver first?

http://betsofbitco.in/item?id=1525
;-)

Ente

[alexcamp]

I think it's more than a scam.
I actually think they have a few real working products, but think about it: Why whould you ship a 150$ product to a customer (who's already paid months ago for the device), when you can keep it for yourself and have it mining for months at a few thousands dollars, just by saying: "The product isn't ready yet, be patient" ?

Anyone who's ordered will NEVER see their ASIC, and if some do, It will be because it is not profitable anymore.