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Author Topic: Butterflylabs Huge SCAM  (Read 378999 times)
jordaninthesky
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May 10, 2013, 01:59:50 AM
 #1081

I openly speculated about the integrity of the process...  (I ordered $2666 in July-August 2012).  They forced a refund upon me and booted me out of my 3xxx and 4,xxx orders of 60 gh/s respectfully just a few days ago. 

Josh said I could vote with my money, but it looks like he did the voting for me. I'm sad and I feel cheated.  They won't talk to me.  =(
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polrpaul
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May 10, 2013, 02:23:41 PM
 #1082

I openly speculated about the integrity of the process...  (I ordered $2666 in July-August 2012).  They forced a refund upon me and booted me out of my 3xxx and 4,xxx orders of 60 gh/s respectfully just a few days ago. 

Josh said I could vote with my money, but it looks like he did the voting for me. I'm sad and I feel cheated.  They won't talk to me.  =(

Did you validate your order and accept the new terms as instructed? You probably failed to do so and got cancelled for non-compliance.

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buttkinz
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May 10, 2013, 02:51:08 PM
 #1083

so in essence the butterfly labs machines will be obselete by the end of this year when they actually ship?    Or is there going to be a time where no one will be building machines till the end of the year and everyone will be in the same boat?
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May 10, 2013, 02:58:38 PM
 #1084

Even if difficulty is 4 or 5 times what it is now you will probably still make money from your ASIC it just will be not very much money. Definitely not the amount you plugged into the calculator.
polrpaul
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May 10, 2013, 03:06:22 PM
 #1085

so in essence the butterfly labs machines will be obselete by the end of this year when they actually ship?    Or is there going to be a time where no one will be building machines till the end of the year and everyone will be in the same boat?

it all depends on the competition landscape.. and there appears to be no real contenders.. which works to BFL's advantage, of course.

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creativex
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May 10, 2013, 04:00:48 PM
 #1086

so in essence the butterfly labs machines will be obselete by the end of this year when they actually ship?    Or is there going to be a time where no one will be building machines till the end of the year and everyone will be in the same boat?

it all depends on the competition landscape.. and there appears to be no real contenders.. which works to BFL's advantage, of course.

Surely you jest.

ASICMiner has nearly 21TH online RIGHT NOW and has ALSO shipped 3x as much hardware(in GH terms) as BFL(a dedicated hardware producer). Avalon has shipped over 100x the hashing power BFL has despite beginning development of their product months later.

BFL is the drunk + stoned + handicapped turtle in this race and they're getting their clocks cleaned royal like. Get a refund or suffer the consequences.

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May 10, 2013, 04:10:20 PM
 #1087

I also have mixed emotions on the whole BFL thing. I have two orders which I will not be cancelling because I feel that if I already waited this long, I can wait a little longer. However, we get no updates. We find out about what is going on with their products through third parties, other forums, and never through BFL. Their have very poor communication with their customers and that's aggravating the situation. I've heard of many people asking for a refund because they just keep pushing the shipping date farther and farther. WE NEED ANSWERS!

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jordaninthesky
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May 10, 2013, 04:14:09 PM
 #1088

I openly speculated about the integrity of the process...  (I ordered $2666 in July-August 2012).  They forced a refund upon me and booted me out of my 3xxx and 4,xxx orders of 60 gh/s respectfully just a few days ago.  

Josh said I could vote with my money, but it looks like he did the voting for me. I'm sad and I feel cheated.  They won't talk to me.  =(

Did you validate your order and accept the new terms as instructed? You probably failed to do so and got cancelled for non-compliance.

I validated my order by going to the website and accepting the terms for both.  They cancelled me anyway.  I called them up and they told me it was because I expressed dissatisfaction with "the product" on their forum and that they no longer wish to have a relationship with me.

Seriously.  Yuck.  Josh IS a terrible product.
darkmule
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May 10, 2013, 05:42:17 PM
 #1089

Seriously.  Yuck.  Josh IS a terrible product.

What a shitty scam company.  I'd suggest to anyone that if you want to post your experiences with this scam operation here, you do it under another name.  You might want to be able to sue these scumbags at some date in the future, such as either after they ship or when they default and run off with their stolen money. 

In either event, their illegal misconduct has probably cost you money you could sue over.  But they probably cover their ass a little bit with their new "involuntary refund" policy.  So if for whatever reason (such as having waited almost a year already) you don't just want to refund now while they're still offering refunds, you shouldn't let them know of your dissatisfaction in advance.

Wait until you get your product.  THEN sue them.  Or whatever other means of revenge you can figure out.  It's possible, of course, that if you get the device early enough and it works well enough, their customers will be somewhat mollified, since so far as I can tell, the people with pre-orders want nothing unreasonable.  They just want what they paid for a long time ago.

Josh responds by pissing in their face.

What a complete piece of shit scumbag.
pistolslapper
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May 10, 2013, 06:38:31 PM
 #1090

Yea, Josh needs to get some people skills.

vhate
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May 10, 2013, 07:20:00 PM
 #1091

Well i ordered a 5 ghash one in april, we'll see when it arrives...
BladeIV
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May 10, 2013, 07:25:33 PM
 #1092

Damn that is so sad and dissappointing I was saving up just to get one of those beast sounding rigs Sad
Thanks for saving me though I am converted.
Riukuzaki
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May 10, 2013, 07:35:40 PM
 #1093

"The defendant shall not engage, as whole or partial owner, employee or otherwise, in any business involving loan programs, gambling or gaming activities, telemarketing activities, investment programs or any other business involving the solicitation of funds or cold-calls to customers without the express approval of the Probation Officer prior to engagement in such employment."

I emboldened the important part.  Butterflylabs is not any of those.  You might say, "Well, it's an investment program!"  You'd be wrong.  An investment program is more like, "Give us money and we'll give you more money back after some amount of time."  Butterflylabs is providing a product that you're paying for.

As for the "omg it's fake, Butterflylabs doesn't actually have the units they say they do," again you'd be wrong.  They have already shipped to roughly a dozen paying customers.  These are customers with no affiliation to Butterflylabs.  Plus, we know what the boards look like due to the videos and screenshots we've seen.

In summary, I suppose you'll have to wait and see.  However, I'll be enjoying my Jalapenos in a few months time.
hortonelectric
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May 10, 2013, 07:42:52 PM
 #1094

I ordered mine...I don't know about any validation but I haven't heard from them in a month. The entire thing was easy to write off to begin with.. I gambled my $300 from the start.
AzureEngineer
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May 10, 2013, 07:44:49 PM
 #1095

Anyone thinking about purchasing an ASIC would be better off buying one from a company that isn't quite as incompetent as BFL.

My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
creativex
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May 10, 2013, 10:58:24 PM
 #1096

They have already shipped to roughly a dozen paying customers.

Already? You mean the people that ordered in June of 2012? Those things were supposed to be delivered in October of last year...and again they were supposed to consume 1w/Gh, but they instead consume over 5x that amount of power, which means they'll not remain profitable nearly as long.

massnerder
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May 10, 2013, 11:35:41 PM
 #1097


They have already shipped to roughly a dozen paying customers.

12 down, how many tens of thousands left to go??  Grin lol
BigZee
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May 10, 2013, 11:38:08 PM
 #1098

They haven't been able to live up to any of their promises.. I feel bad for all those who ordered..
Exoskeleton
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May 11, 2013, 12:13:15 AM
 #1099

They haven't been able to live up to any of their promises.. I feel bad for all those who ordered..

I know people who spent what would have been $100,000 worth bitcoins today buying from BFL in Aug last year, and I used to feel so bad for them and everyone else. How could they have known right? Untill these last 2 weeks. After trying to get them to get a refund for the 2nd time this month I stopped caring. They feel locked in, and I don't blame them, but I personally would have taken pennies on the dollar back today then nothing at all.

I take a George Carlin attitude towards it now in May 2013. I think he would say something like "F#ck em'!". I mean at this point I can't afford to be emotionally invested in their loss anymore. Im getting dead to this issue as the weeks go by and they have delivered a whole... 10 jallapenos! 10 real life units! Wow! This is full scale for real guys! By the end of April just like they said.

Seriously, if you can't see the scam a year later I just don't care to try anymore. The vets here with long historys all agree. If you sunk money into this and didn't get a refund by May 1 2013, you deserve what you get. Their 2nd half of April 2013 promise to ship in full was the last straw.

"So you don't want to take the money and want to go for whats behind door number 2 instead..."
"And behind door number 2... Nothing kid. Now kick rocks."

Its a cold world and its time for some people to get a masters degree in the School of Hard Knox. Its an expensive course but you'll never forget what you learn in this class.
firefop
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May 11, 2013, 09:13:05 PM
 #1100

Damn that is so sad and dissappointing I was saving up just to get one of those beast sounding rigs Sad
Thanks for saving me though I am converted.

Too bad - in a year from now you'll be deeply regretting that decision.

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