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Author Topic: Butterflylabs Huge SCAM  (Read 378522 times)
psystyle
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May 11, 2013, 09:31:53 PM
 #1101

let's just wait and see
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MooC Tals
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May 11, 2013, 09:43:26 PM
 #1102

let's just wait and see

Yup lets wait some more, I was waiting since Oct 11 in the year 2012. Shocked
oroboras
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May 12, 2013, 03:35:40 PM
 #1103

They will arrive. Remember Butterfly Labs is trying to create an affordable ASIC miner.

Unlike the Avalon machines, which are also very limited editions, and cost 75BTC or $8500 (at todays price) for a 65GH/s machine (or $129 per GH/s), the 5GH/s BFL Jalapeno unit costs only $54 per GH/s, and the 60GH/s machine is only $2500, making it more than 3 times cheaper than the Avalon.

Yes I know the Avalon is being shipped right now (though all orders are filled, so they are also now, technically not available for purchase), but I'd rather wait for a machine that WILL arrive, while being affordable, than waiting for Avalon's 4th order, which will no doubt be much more expensive again.

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May 12, 2013, 05:13:17 PM
 #1104

I'm going to put this so simple that if you don't get it, well then

Bfl has Lied to customers to scrape in pre-order money to pay for research and development.

1)They led on customers early on that a product was almost ready to ship.They knew that as soon as the customer waits a 3 month period that will tire and ask for their money back. So bfl gives their money back and creates another very optimistic update to bring in new pre-orders.

2)They priced the units extremely low to help with #1 and kill any competition. After all Avalon is China plenty of Cheep workers. Smart people too. Bad combo for bfl. Then when they finally got one working the prices shoot up. Why? well they need what really costs to build them now to actually build them.

3)They understand that a full out release of all units will kill their future business. So steady as they go as they have always done. Besides their customers have been lied to so many times and their is no competition so fuck them behind the scenes but all nice P/R in front.

Honest companies don't act like this.  There is more but I refuse to WOT
AlphaColt
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May 12, 2013, 05:36:06 PM
 #1105

I'm going to put this so simple that if you don't get it, well then

Bfl has Lied to customers to scrape in pre-order money to pay for research and development.

1)They led on customers early on that a product was almost ready to ship.They knew that as soon as the customer waits a 3 month period that will tire and ask for their money back. So bfl gives their money back and creates another very optimistic update to bring in new pre-orders.

2)They priced the units extremely low to help with #1 and kill any competition. After all Avalon is China plenty of Cheep workers. Smart people too. Bad combo for bfl. Then when they finally got one working the prices shoot up. Why? well they need what really costs to build them now to actually build them.

3)They understand that a full out release of all units will kill their future business. So steady as they go as they have always done. Besides their customers have been lied to so many times and their is no competition so fuck them behind the scenes but all nice P/R in front.

Honest companies don't act like this.  There is more but I refuse to WOT

IMHO, if a company needs money for R&D, stay far away. I also noticed over the years the only one's who got their unit's were those DEEPLY embedded in the BTC community. (Me thinks to build more trust)

Also, I still haven't even seen one yet, 2 years later. *shrugs*
teamtarp
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May 12, 2013, 05:38:19 PM
 #1106

terrible company. will be more than a year delayed imo when they start shipping volume.
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May 12, 2013, 05:48:25 PM
 #1107

It is too bad. I was going to wait for them to start to mass ship to order mine, but doesn't look like this will happen anytime soon.  Cry
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May 12, 2013, 06:06:59 PM
 #1108

This is absolutely amazing. Ars technica publishes a review of the 5 GH/s unit without any mention of the power consumption being an order of manitude out of spec or the fact that the minirigs they accepted money for cannot exist. No mention of the thousands of dollars lost from btc preorders. BFL will now get a spike of preorders. This is shameful

The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
MooC Tals
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May 12, 2013, 06:23:15 PM
 #1109

This is absolutely amazing. Ars technica publishes a review of the 5 GH/s unit without any mention of the power consumption being an order of manitude out of spec or the fact that the minirigs they accepted money for cannot exist. No mention of the thousands of dollars lost from btc preorders. BFL will now get a spike of preorders. This is shameful

Exellent
http://www.youtube.com/watch?v=YKUOB8MN4Kc
darkmule
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May 12, 2013, 06:38:43 PM
 #1110

IMHO, if a company needs money for R&D, stay far away. I also noticed over the years the only one's who got their unit's were those DEEPLY embedded in the BTC community. (Me thinks to build more trust)

Not to mention fellow scammers like Luke-Jr.  Conveniently scheduled to scam the betters on the betsofbitco.in bet.
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May 12, 2013, 07:53:31 PM
 #1111

Yeah they're a bunch of cons.  Nothing about their operation makes sense if you assume its legit.  The other day I looked on ebay and found a bunch of sellers hawking their preorders for x2 to x3 what BFL charges, lol.  The great cycle of scam continues.
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May 12, 2013, 08:27:17 PM
 #1112

Yeah they're a bunch of cons.  Nothing about their operation makes sense if you assume its legit.
They have proved they have some hardware but I greatly disagree with their business practices so they are the last ASIC producer I would buy from.
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May 12, 2013, 10:35:11 PM
 #1113

I ordered one from BFL back in march and recently sold it on ebay for 4k, in turn passing the risk on to someone else (bad for them - good for me Smiley)

www.hosterbox.com - really good web hosting (accepts bitcoins)
(disclaimer - I am not affiliated with hosterbox in any way)
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May 12, 2013, 10:37:37 PM
 #1114

I ordered one from BFL back in march and recently sold it on ebay for 4k, in turn passing the risk on to someone else (bad for them - good for me Smiley)

You could make more with one of these: https://bitcointalk.org/index.php?topic=203342.0

K.


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May 13, 2013, 01:21:01 AM
 #1115

Quote
I ordered one from BFL back in march and recently sold it on ebay for 4k, in turn passing the risk on to someone else (bad for them - good for me Smiley)

These machines that don't exist are being tossed around like some kind of stock. Hilarious.
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May 13, 2013, 02:30:26 AM
 #1116

avalon shipped batch 1
asicminer is shipping
BFL still in debugging?
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May 13, 2013, 10:46:33 AM
 #1117

Will def keep this in mind
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May 13, 2013, 11:39:19 AM
 #1118

Quote
I ordered one from BFL back in march and recently sold it on ebay for 4k, in turn passing the risk on to someone else (bad for them - good for me Smiley)

These machines that don't exist are being tossed around like some kind of stock. Hilarious.

truth  Grin
smoothie
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May 13, 2013, 12:13:45 PM
 #1119

And you kids will be the ones crying after everyone else is mining 1TH/s.

Yeah we are Crying because everyone else is mining 1TH/s lol

 Tongue

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May 13, 2013, 01:27:36 PM
 #1120

I agree on everything.
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