Bitcoin Forum
May 19, 2019, 01:54:59 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 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] 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 ... 176 »
  Print  
Author Topic: Butterflylabs Huge SCAM  (Read 382710 times)
bitbryan
Full Member
***
Offline Offline

Activity: 126
Merit: 100



View Profile
July 10, 2013, 09:47:52 PM
 #2041

I hope BFL is already mining with the preorders... means the diff won't go up very much when they ship and the revenue will be higher than what we've been calculating!

thats some good thinking! but i doubt they keep them running that long!

"Life is a waterfall, we drink from the river then turn around and put up our walls"
Get signals when whales enter & exit a market 74% average win rate
full binance integration
TRY NOW!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558274099
Hero Member
*
Offline Offline

Posts: 1558274099

View Profile Personal Message (Offline)

Ignore
1558274099
Reply with quote  #2

1558274099
Report to moderator
QuestionAuthority
Legendary
*
Offline Offline

Activity: 2072
Merit: 1375


You lead and I'll watch you walk away.


View Profile
July 10, 2013, 11:03:40 PM
 #2042

Don't worry. Bitcoin is going down in price now. BFL will start shipping as soon as the price is low enough that mining with customer hardware is no longer worth it.

They can't risk the hardware breaking while they are mining on it unless the price of Bitcoin stays high. They want it to last at least one day in customer hands. If it breaks after one day they can say it was working but you abused it. But if they ship it broken then they lose that excuse.

tl;dr
Yipeeeee you will be receiving your hardware soon!

I am curious as I haven't purchase to date... whom if anyone would you recommend for purchasing hardware? Or would you just suggest continuing to buy Bitcoin's through a broker as the prices just seem to keep falling?

My personal opinion, for what it worth, is that today's price is the lowest you will see for a while and it's a good time to buy. Think of it this way. If you bought Bitcoins instead of preordering an ASIC when they first put them up for sale you could already have cashed out at $130 and earned more than you could ever have made mining in the same amount of time.

The only upside I can see for mining hardware is being able to "make" Bitcoins instead of jumping through the hoops to buy them. However, you are likely going to jump through hoops selling them anyway so what does it matter if you do it to buy them too.

I also have a bias against purchasing an expensive piece of hardware with only one purpose. GPUs play video games, what do BFL singles do when your government decides to make you buy an expensive money transmitter license as a miner?

Cyrus17
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
July 10, 2013, 11:38:11 PM
 #2043

Butterflylabs Huge SCAM -  YES THEY ARE
+100500
Cyrus17
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
July 10, 2013, 11:39:32 PM
 #2044

Butterflylabs Huge SCAM -  YES THEY ARE
+100500
scambutterflylabs
Full Member
***
Offline Offline

Activity: 149
Merit: 100


View Profile
July 11, 2013, 02:23:03 AM
 #2045

For those thinking they can't receive a refund, you may want to call Paypal (assuming that's how you paid).

The surprisingly nice Paypal rep said that normally they don't offer buyers protection after 45 days but because the account was a long standing account they would do it (opened in 2005).  About an hour later, the status on my BFL order was changed to 'Refunded'.

For those of you who have ordered less than 45 days ago and would like to keep the Paypal refund option available to you after 45 days, you need to contact Paypal before the 45th day window is up and let them know you haven't yet received your order.  That way they will track the status and your refund will be eligible after the 45 days are up.

http://www.urbandictionary.com/define.php?term=bfl      http://www.urbandictionary.com/define.php?term=inaba
Butterfly Labs shipped the Jalapeno 10 months after first orders. They're still backlogged 7 months. If you're thinking of buying a BFL Monarch, think again.
UNOCS
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
July 11, 2013, 02:45:31 AM
 #2046

By time I get my Jally, the ice-age will return.
QuestionAuthority
Legendary
*
Offline Offline

Activity: 2072
Merit: 1375


You lead and I'll watch you walk away.


View Profile
July 11, 2013, 02:47:01 AM
 #2047

By time I get my Jally, the ice-age will return.

At least you won't have to worry about cooling it. Grin

Boleans
Newbie
*
Offline Offline

Activity: 33
Merit: 0



View Profile
July 11, 2013, 02:47:07 AM
 #2048

Yep, scam!
wtfvanity
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


WTF???


View Profile
July 11, 2013, 01:50:23 PM
 #2049

I hope BFL is already mining with the preorders... means the diff won't go up very much when they ship and the revenue will be higher than what we've been calculating!

roflcopter. That has to be the funniest thing I have ever read. I was drinking while browsing this and now my screen has water all over it. Excuse any typos because I can't see the screen very well.

          WTF!     Don't Click Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
Bicknellski
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000



View Profile
July 11, 2013, 02:17:09 PM
 #2050

I have this feeling that all the idiots who scream that BFL is a scam will just disappear and make new accounts later this year. And there will be a few nuts that believe that hundreds of forum users are being paid by BFL to act like they got working ASIC's.

Nope don't seem them going away yet not until BFL folds.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
azenor
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
July 11, 2013, 03:21:33 PM
 #2051

roflcopter

 Grin
wtfvanity
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


WTF???


View Profile
July 11, 2013, 04:34:35 PM
 #2052


Sorry too lazy earlier. For your amusement.



and


          WTF!     Don't Click Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
steveds
Legendary
*
Offline Offline

Activity: 966
Merit: 1000


View Profile
July 11, 2013, 04:38:49 PM
 #2053

i ordered my product from butterflylabs like 2months ago sitll nothing i agree this company is nothing but a scam
dualsmp
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
July 11, 2013, 05:21:57 PM
 #2054

I thought about ordering one a long time ago, but glad I never did.  Maybe if they ever catch up with orders (6 months maybe?), I'll reevaluate whether it's worth it.
scambutterflylabs
Full Member
***
Offline Offline

Activity: 149
Merit: 100


View Profile
July 12, 2013, 06:49:56 AM
 #2055

But that's the definition of a scam.  It isn't just: "take a bunch of money and disappear with it all."  

Lots of cons and frauds run with some getting return - maybe big return.  That's how they stay in business.  

It's called partial reinforcement scheduling.  If you want to keep 50 sheep at the fence, feed two some grain, then stay in sight of all of them, and they'll all stay, hoping they get theirs.

What you are describing is a Ponzi.
A scam is, most often, where everyone gets fucked.

BFL is certainly a Ponzi, and i suspect before too long they will pack up shop and move to Costa Rica, or the FTC will kick down the door and seize everything.

Either way, i feel like i got bent over the table.

If you have ordered from BFL and have not yet received your product, you are entitled to a refund whenever you request one (per FTC rules).
First ask BFL for one, they will probably say no but you might get lucky.
If you ordered via PayPal you can file a complaint with them even if you are outside the 45 day window. One customer has already gotten a refund from PayPal that was outside the 45 days.
If you ordered via BTC or Bank wire, you can fill out a complaint with the FTC and they will advocate for you with BFL to get your refund.

More people need to read this!

Quote
If you have ordered from BFL and have not yet received your product, you are entitled to a refund whenever you request one (per FTC rules).

First ask BFL for one, they will probably say no but you might get lucky.
If you ordered via PayPal you can file a complaint with them even if you are outside the 45 day window. One customer has already gotten a refund from PayPal that was outside the 45 days.

If you ordered via BTC or Bank wire, you can fill out a complaint with the FTC and they will advocate for you with BFL to get your refund.

http://www.urbandictionary.com/define.php?term=bfl      http://www.urbandictionary.com/define.php?term=inaba
Butterfly Labs shipped the Jalapeno 10 months after first orders. They're still backlogged 7 months. If you're thinking of buying a BFL Monarch, think again.
Ginsco
Newbie
*
Offline Offline

Activity: 6
Merit: 0


View Profile
July 12, 2013, 06:43:45 PM
 #2056

I have also ordered one because there are TOO MANY mix reviews on this site about BFL. From what I can tell, people are getting there rigs. I ordered however last month so I didn't expect to receive it for a month plus.

It would do BFL good to post on their site before you order a order date for "Pre-Orders", and the expected date shipping.

The frustration however is insane and I am totally starting to understand peoples frustration.
wtfvanity
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


WTF???


View Profile
July 12, 2013, 07:19:12 PM
 #2057

I have also ordered one because there are TOO MANY mix reviews on this site about BFL. From what I can tell, people are getting there rigs. I ordered however last month so I didn't expect to receive it for a month plus.

It would do BFL good to post on their site before you order a order date for "Pre-Orders", and the expected date shipping.

The frustration however is insane and I am totally starting to understand peoples frustration.

If you want to support the bitcoin network, you made a fair decision.

If you want to make money, get a refund now. You will never make your investment back in BTC.

If you want to get BTC as an investment because you think they will go up in value, you're better to go buy BTC and hang onto them.

Enjoy the ride.

          WTF!     Don't Click Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
scambutterflylabs
Full Member
***
Offline Offline

Activity: 149
Merit: 100


View Profile
July 13, 2013, 03:54:25 AM
 #2058

My next step has been to contact PayPal's fraud department to point out the blatant and ongoing violation of their terms of service for pre-order sales.

Of course, my complaints would certainly carry more weight if other BFL victims would follow suit.
Would you (or anyone else who knows of this) please elaborate on the highlighted statement?  

Quote
From PayPal's FAQ:

Does PayPal permit transactions for pre-sale items?

A pre-sale item is advertised for sale before the seller actually has the item. Often, these items are sold before they are available to the general public.

A seller might use the money from the pre-sale of an item to purchase the item.

PayPal permits pre-sales on a limited basis as long as the seller:

    Guarantees shipment within 20 days from the date of purchase.
    Clearly identifies the item as a pre-sale.
    Provides proof, if needed, that they can successfully deliver the product (supplier information, purchase invoices, shipping information, or delivery confirmation).

The PayPal rep I spoke with agreed with my assessment that BFL is violating the TOS.



http://www.urbandictionary.com/define.php?term=bfl      http://www.urbandictionary.com/define.php?term=inaba
Butterfly Labs shipped the Jalapeno 10 months after first orders. They're still backlogged 7 months. If you're thinking of buying a BFL Monarch, think again.
radicalrad
Newbie
*
Offline Offline

Activity: 2
Merit: 0



View Profile
July 13, 2013, 06:04:49 AM
 #2059

BFL has definitely been bending their customers over the barrel from the beginning.  However, I don't think it's being done maliciously or to boost profits.  My understanding is that from the beginning of Jalapeno pre-sales to late May '13, the issues have been technical and logistic in nature.  They over-promised and didn't realize that things can't come together in an instant when you're dealing with orders of that magnitude.  They weren't able to secure enough supplies of the ASIC chips, then they couldn't quite engineer the overall product to meet their original promises...and the whole time they kept saying "they're shipping next week." 

I think the customers would have had some better closure if they had just said, "hey, realistically you won't see hardware until Q3 2013." 

I think this venture was started by an over-zealous (and possibly untrustworthy) CEO/president.  The issues were compounded with the fact that their engineers didn't have any real experience and totally mis-judged what kind of time expectations the customer could rely on.  All of that plus the technical issues of making this particular device--too much power, not enough hash, etc., etc.--doomed any realistic schedule for delivery.

I ordered mine early May '13...May God have mercy on me and get me in the 1/3 who get their orders on the first pass through the list  Cry
MooC Tals
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


View Profile
July 13, 2013, 06:12:18 AM
 #2060

BFL has definitely been bending their customers over the barrel from the beginning.  However, I don't think it's being done maliciously or to boost profits.  My understanding is that from the beginning of Jalapeno pre-sales to late May '13, the issues have been technical and logistic in nature.  They over-promised and didn't realize that things can't come together in an instant when you're dealing with orders of that magnitude.  They weren't able to secure enough supplies of the ASIC chips, then they couldn't quite engineer the overall product to meet their original promises...and the whole time they kept saying "they're shipping next week." 

I think the customers would have had some better closure if they had just said, "hey, realistically you won't see hardware until Q3 2013." 

I think this venture was started by an over-zealous (and possibly untrustworthy) CEO/president.  The issues were compounded with the fact that their engineers didn't have any real experience and totally mis-judged what kind of time expectations the customer could rely on.  All of that plus the technical issues of making this particular device--too much power, not enough hash, etc., etc.--doomed any realistic schedule for delivery.

I ordered mine early May '13...May God have mercy on me and get me in the 1/3 who get their orders on the first pass through the list  Cry

You need to look into Sonny's last 2 ventures and rethink your position.
Pages: « 1 ... 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] 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 ... 176 »
  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!