Bitcoin Forum
April 25, 2019, 08:48:45 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 ... 175 »
  Print  
Author Topic: Butterflylabs Huge SCAM  (Read 379208 times)
snootch
Newbie
*
Offline Offline

Activity: 36
Merit: 0



View Profile
May 20, 2013, 01:17:36 PM
 #1421

I think I will return the favour.

I don't know why people keep calling it a scam. They came through with their FPGA's, so it's hardly a fly-by-night organisation - they are designing their 2nd generation mining product in the ASICs.

They just came up against a lot of issues in manufacturing a massively cheap (comparatively) product, at the cutting edge of the technology.

It may not be acceptable for them to have taken so long about filling their orders, but in this type of business, what seems like a minor issue can stop production for a long time (take the example of the UK goverment's "smart meter" for monitoring electricity usage they wanted to create for home use - it has suddenly been delayed by over a year, due to design issues, and that's just an electricity meter, ffs).

Basically, they will deliver, but it will take a while. At least while they aren't delivering, the difficulty isn't going through the roof, so people still mining on GPUs are still profiting.

Anyway, off to find that ignore button....

+1

The bottom line in investing money into anything... DONT INVEST MORE THAN YOU CAN AFFORD TO LOSE. period. And if anyone thinks/thought BFL ASIC's weren't an investment, then you have no business being involved and don't deserve an audience when you cry foul about the delivery date.
1556225325
Hero Member
*
Offline Offline

Posts: 1556225325

View Profile Personal Message (Offline)

Ignore
1556225325
Reply with quote  #2

1556225325
Report to moderator
1556225325
Hero Member
*
Offline Offline

Posts: 1556225325

View Profile Personal Message (Offline)

Ignore
1556225325
Reply with quote  #2

1556225325
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1556225325
Hero Member
*
Offline Offline

Posts: 1556225325

View Profile Personal Message (Offline)

Ignore
1556225325
Reply with quote  #2

1556225325
Report to moderator
1556225325
Hero Member
*
Offline Offline

Posts: 1556225325

View Profile Personal Message (Offline)

Ignore
1556225325
Reply with quote  #2

1556225325
Report to moderator
Slipage
Member
**
Offline Offline

Activity: 78
Merit: 10


View Profile
May 20, 2013, 01:52:06 PM
 #1422

Wait for the next gens, get in line first, than pray
EBM
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
May 20, 2013, 01:53:11 PM
 #1423

Difficulty has more than quadrupled this year alone. The network is now the world's first exascale platform.

It's through the stratosphere, never mind the roof.

That BTC prices have kept up by enough to make GPU mining still viable is simply pure luck - and it cannot last forever.

Also, insisting 'they will deliver' is entirely besides the point (and unfalsifiable - you could say the same thing next year too).

Point is: BFL has already failed. And the way they're behaving is about as reassuring as a promise from a crack addict.

BTC: 1DZnyYaZ2VcQWNyYayNBqfTVQw2JQAmdA5
EBM
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
May 20, 2013, 01:54:38 PM
 #1424

Wait for the next gens, get in line first, than pray


The next gen will make ALL current ASICs not worth using. It is due within 2 years at most, likely within 18 months, possibly within a year.

BTC: 1DZnyYaZ2VcQWNyYayNBqfTVQw2JQAmdA5
MooC Tals
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
May 20, 2013, 03:46:24 PM
 #1425

I think I will return the favour.

I don't know why people keep calling it a scam. They came through with their FPGA's, so it's hardly a fly-by-night organisation - they are designing their 2nd generation mining product in the ASICs.

They just came up against a lot of issues in manufacturing a massively cheap (comparatively) product, at the cutting edge of the technology.

It may not be acceptable for them to have taken so long about filling their orders, but in this type of business, what seems like a minor issue can stop production for a long time (take the example of the UK goverment's "smart meter" for monitoring electricity usage they wanted to create for home use - it has suddenly been delayed by over a year, due to design issues, and that's just an electricity meter, ffs).

Basically, they will deliver, but it will take a while. At least while they aren't delivering, the difficulty isn't going through the roof, so people still mining on GPUs are still profiting.

Anyway, off to find that ignore button....

This is why!
https://bitcointalk.org/index.php?topic=114329.msg2139947#msg2139947
CanadianGuy
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
May 20, 2013, 03:51:33 PM
 #1426

Yes it's a scam.  Even if they start shipping like crazy, they have still made money from defrauding the public simply by making you wait such an unreasonable amount of time. 

The answer is simple.  Use your money to invest in ASICMINER.  They mine for you, and you get dividends.  Unlike BFL, ASICMINER actually produces something on a weekly basis, and many people have gotten filthy rich the RIGHT WAY. 

Fuck BFL and may it burn in BloodyFuckingL.
ssvq
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
May 20, 2013, 04:05:21 PM
 #1427

I ordered and PAID for (2) 60G/h SC units in February 2013 from BFL..

I am upset at the length of time it has taken, but I am excited at the prospect of their arrival.. even if they are late.

*keeps fingers crossed*

Anyway I am planning on MOVING soon so I hope BFL catches up on lost time so I don't have to deal with another headache. 
Sad Huh

*introduces self, first post, long time viewer!
MooC Tals
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
May 20, 2013, 04:10:56 PM
 #1428

I ordered and PAID for (2) 60G/h SC units in February 2013 from BFL..

I am upset at the length of time it has taken, but I am excited at the prospect of their arrival.. even if they are late.

*keeps fingers crossed*

Anyway I am planning on MOVING soon so I hope BFL catches up on lost time so I don't have to deal with another headache. 
Sad Huh

*introduces self, first post, long time viewer!

BFL has been dealing with scalpers that are reselling their units to other people. BFL has been trying to curtail this by not changing the address of the order. To be devils advocate they say it's to prevent BFL from getting caught up in scams of those nature.

I could be wrong but you may have to cancel that order and place it again with the new address unless you could prove that it is your new address.

I'm just wondering if BFL will scam you out of your position in line and make you pay the new price of the units and the new prices.

I am very interested and if they do this please let me know. Thanks
jml
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
May 20, 2013, 04:22:58 PM
 #1429

I ordered and PAID for (2) 60G/h SC units in February 2013 from BFL..

I am upset at the length of time it has taken, but I am excited at the prospect of their arrival.. even if they are late.

*keeps fingers crossed*

Anyway I am planning on MOVING soon so I hope BFL catches up on lost time so I don't have to deal with another headache. 
Sad Huh

*introduces self, first post, long time viewer!

BFL has been dealing with scalpers that are reselling their units to other people. BFL has been trying to curtail this by not changing the address of the order. To be devils advocate they say it's to prevent BFL from getting caught up in scams of those nature.

I could be wrong but you may have to cancel that order and place it again with the new address unless you could prove that it is your new address.

I'm just wondering if BFL will scam you out of your position in line and make you pay the new price of the units and the new prices.

I am very interested and if they do this please let me know. Thanks

I think its not a very good reason not to allow a buyer to change address. For instance, if an overseas student wants to order and needs to move out and change addresses, the new occupier gets the ASIC box. Good thinking!
What of repossessions, job availability, etc? There are many more reasons to move out from a property due to the fiscal crisis caused by central banking; might I add that this is why Bitcoin is so much more attractive as it is decentralised and no central bank can touch it!

"Everything is a matter of degree"
ssvq
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
May 20, 2013, 04:26:07 PM
 #1430

I will definitely keep you updated, I am trying to hold off on moving until after July/August...

I hope BFL is busy making 400 units a day like they're supposed to be doing..  Angry
MooC Tals
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
May 20, 2013, 04:31:35 PM
 #1431

I ordered and PAID for (2) 60G/h SC units in February 2013 from BFL..

I am upset at the length of time it has taken, but I am excited at the prospect of their arrival.. even if they are late.

*keeps fingers crossed*

Anyway I am planning on MOVING soon so I hope BFL catches up on lost time so I don't have to deal with another headache. 
Sad Huh

*introduces self, first post, long time viewer!

BFL has been dealing with scalpers that are reselling their units to other people. BFL has been trying to curtail this by not changing the address of the order. To be devils advocate they say it's to prevent BFL from getting caught up in scams of those nature.

I could be wrong but you may have to cancel that order and place it again with the new address unless you could prove that it is your new address.

I'm just wondering if BFL will scam you out of your position in line and make you pay the new price of the units and the new prices.

I am very interested and if they do this please let me know. Thanks

I think its not a very good reason not to allow a buyer to change address. For instance, if an overseas student wants to order and needs to move out and change addresses, the new occupier gets the ASIC box. Good thinking!
What of repossessions, job availability, etc? There are many more reasons to move out from a property due to the fiscal crisis caused by central banking; might I add that this is why Bitcoin is so much more attractive as it is decentralised and no central bank can touch it!
I agree. Now this is BFL we're talking about. However if he proves it's his new address I'm sure they will accommodate him. Either way I am curious as how it goes.

@ssvq When are you going to make the change on shipping? A month before you move?
jml
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
May 20, 2013, 04:35:14 PM
 #1432

I will definitely keep you updated, I am trying to hold off on moving until after July/August...

I hope BFL is busy making 400 units a day like they're supposed to be doing..  Angry

Lol 400 units a day??? Im getting my new FPGA boards this week! I am glad I got my jalapeno refunded, at this rate, I would see it next year!

"Everything is a matter of degree"
ssvq
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
May 20, 2013, 04:53:42 PM
 #1433

I'm hoping I won't have to make the change, seeing as my best friend/roommate will be here a few months longer than I will and won't have to bother BFL about it... either way the whole situation makes me far more nervous than I should be.
jml
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
May 20, 2013, 05:04:02 PM
 #1434

I'm hoping I won't have to make the change, seeing as my best friend/roommate will be here a few months longer than I will and won't have to bother BFL about it... either way the whole situation makes me far more nervous than I should be.

When I placed my order which was late Feb, they stated they were in the final stages for shipping; we are now past mid May. I cancelled my order through paypal early April as there were further delays and no guarantees made for delivery.

My advice is get in touch with them to see if its possible to change address, or cancel your order if you paid via CC or paypal.

I have had an order a month ago from Enterpoint, paid a small deposit for some boards and today I paid in full to be delivered by this week; manufacturing and delivery time < 4 weeks. BFL should take example of how these companies make business and stop taking pre-order money if they cannot promise to deliver in a timely manner.

"Everything is a matter of degree"
ssvq
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
May 20, 2013, 05:17:25 PM
 #1435

I think I'm going to just ride this one out and hope that BFL will pull through for me.

*crosses fingers*
 Roll Eyes
jml
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
May 20, 2013, 05:22:22 PM
 #1436

I think I'm going to just ride this one out and hope that BFL will pull through for me.

*crosses fingers*
 Roll Eyes

Good luck!

"Everything is a matter of degree"
kodo
Newbie
*
Offline Offline

Activity: 42
Merit: 0



View Profile
May 20, 2013, 05:31:43 PM
 #1437

Yep scam
Pisces
Newbie
*
Offline Offline

Activity: 12
Merit: 0



View Profile
May 21, 2013, 12:43:36 AM
 #1438

Though BFL's CEO's felonious past raised an eyebrow for me, I've already read plenty of substantiated reports of people receiving their BFL Jalapenos.  I don't think BFL is a scam, though taking preorders for a product 1+ year out, the funds of which were likely used to support ongoing R&D, is not something I would do, personally, as a businessperson. 

Overall though, regardless if BFL starts shipping the rest of their preorders out in a timely fashion - with other BTC ASIC companies coming on board and their products going online.....I see the BTC mining difficulty to rise exponentially by this Christmas, making ASIC purchases in 2013 a potentially risky proposition if one is seeking to recoup the value of their investment in less than a year.

thecryptokeeper
Newbie
*
Offline Offline

Activity: 36
Merit: 0



View Profile
May 21, 2013, 01:04:32 AM
 #1439

I ordered the 5Mh/s version back in March. I'm just going to gamble and hope it ships. If the company decides to steal from us, I'm sure the law will get involved and we'll have a class action lawsuit against them.
Pisces
Newbie
*
Offline Offline

Activity: 12
Merit: 0



View Profile
May 21, 2013, 01:32:46 AM
 #1440

I ordered the 5Mh/s version back in March. I'm just going to gamble and hope it ships. If the company decides to steal from us, I'm sure the law will get involved and we'll have a class action lawsuit against them.

The "law" won't do much good if the company launders the money out of the U.S. prior to the suit/asset freeze.  You can sue and sue and sue, but you can't squeeze blood out of a turnip.  I would still be wary - did you pay with Paypal, and have the payment source into Paypal be a credit card (preferably American Express)?  That way, you still have the chargeback option if things go south.
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 ... 175 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!