Butterflylabs Huge SCAM

[AlphaColt]

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]

terrible company. will be more than a year delayed imo when they start shipping volume.

[HeroC]

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. 

[charleshoskinson]

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

[MooC Tals]

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]

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.

[dementyev]

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.

[Arnold37]

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.

[cryptopi]

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 )

[Kruncha]

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 )

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

K.

[MiningUnited]

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.

[jpyao78]

avalon shipped batch 1
asicminer is shipping
BFL still in debugging?

[Chefnets]

Will def keep this in mind

[BTC_USER_014]

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 

[smoothie]

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

 

[dms2012]

I agree on everything.

[ethought]

I wonder if they ever do start shipping if people will quickly forget about this mess. Because they are priced well compared to the competition. If they can sort this mess out SOON then I think they will recover.

Personally I don't care if the units use a bit more power than advertised, its still going to be alot less than GPUs use. Just SHIP THEM ALREADY!!

And if anyone from BFL is reading - one good way to win back my trust is send me an extra unit free - then all will be forgiven, I promise

[darkmule]

I wonder if they ever do start shipping if people will quickly forget about this mess. Because they are priced well compared to the competition. If they can sort this mess out SOON then I think they will recover.

If they ship soon enough that most or all of the buyers make a mint on it, people will rapidly no longer give a fuck.  They didn't buy these things for a blowjob from Josh.

[Bicknellski]

So sad.

[Bicknellski]

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

Who is crying now?