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Author Topic: Butterflylabs Huge SCAM  (Read 415652 times)
WastedLTC
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August 11, 2013, 07:58:36 PM
 #2401


Ummm.... correlation, please.

The reason that the hashrate is going up like it is and that difficulty is about to make its biggest jump ever is because of BFL units hitting the market.

I know that's what they're telling their forum members, but you've seen the pictures of hundreds of thousands of Avalon chips sitting in boxes, right? Millions of them have been made and it's unlikely they're all sitting in customs.

Additionally, Bitfury chips have also started shipping.

Some of the network growth is BFL.  But claiming that it's ALL BFL is completely wishful thinking on the part of BFL users.

Yea, BFL users must be living under a rock if they believe the diff increase is primarily due to BFL.  Sure they take part but give me a break.   Look around, there are other ASIC companies releasing chips and units at a much higher rate than the public BFL information.   Sure, BFL could be mining the crap out of the network but that is not due to the ones they have shipped.
Inaba
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August 11, 2013, 10:41:57 PM
 #2402


Yea, BFL users must be living under a rock if they believe the diff increase is primarily due to BFL.  Sure they take part but give me a break.   Look around, there are other ASIC companies releasing chips and units at a much higher rate than the public BFL information.   Sure, BFL could be mining the crap out of the network but that is not due to the ones they have shipped.

Care to provide a link to anyone shipping, besides BFL?

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
creativex
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August 11, 2013, 10:49:02 PM
 #2403

https://bitcointalk.org/index.php?topic=271054.0;topicseen
https://bitcointalk.org/index.php?topic=270981.0

Flying Hellfish
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August 11, 2013, 11:15:32 PM
 #2404


Yea, BFL users must be living under a rock if they believe the diff increase is primarily due to BFL.  Sure they take part but give me a break.   Look around, there are other ASIC companies releasing chips and units at a much higher rate than the public BFL information.   Sure, BFL could be mining the crap out of the network but that is not due to the ones they have shipped.

Care to provide a link to anyone shipping, besides BFL?

Care to provide some kinda proof and numbers that ALL the unknown has rate is BFL?

Oh that's right you don't provide solid numbers you just make comments that imply you have shipped all that hash rate.
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August 11, 2013, 11:26:19 PM
 #2405

I never said it was all from BFL, but the vast majority is and will continue to be for awhile yet.  You are deluding yourself if you think otherwise, heh.




If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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August 11, 2013, 11:27:47 PM
 #2406

I never said it was all from BFL, but the vast majority is and will continue to be for awhile yet.  You are deluding yourself if you think otherwise, heh.



Well that certainly proved it, thanks...
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August 11, 2013, 11:40:57 PM
 #2407

There's no need to "prove it."  It doesn't matter what you believe.  Reality doesn't care about you, or haven't you figured that out yet?  When you are an adult, you'll realize the real world doesn't care about you and neither do I.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
massnerder
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August 12, 2013, 12:15:32 AM
 #2408

There's no need to "prove it."  It doesn't matter what you believe.  Reality doesn't care about you, or haven't you figured that out yet?  When you are an adult, you'll realize the real world doesn't care about you and neither do I.


"I care so little about you, I'm gonna keep on coming back to argue without proving my original point"
millsdmb
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August 12, 2013, 12:37:38 AM
 #2409

There's no need to "prove it."  It doesn't matter what you believe.  Reality doesn't care about you, or haven't you figured that out yet?  When you are an adult, you'll realize the real world doesn't care about you and neither do I.


"I care so little about you, I'm gonna keep on coming back to argue without proving my original point"

LOL. if anything this should show to avoid BFL like the plague

Hitler Finds out about the Butterfly Labs Monarch http://www.youtube.com/watch?v=4jYNMKdv36w
Get $10 worth of BTC Free when you buy $100 worth at coinbase.com/?r=51dffa8970f85a53bd000034
Flying Hellfish
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August 12, 2013, 01:16:41 AM
 #2410

There's no need to "prove it."  It doesn't matter what you believe.  Reality doesn't care about you, or haven't you figured that out yet?  When you are an adult, you'll realize the real world doesn't care about you and neither do I.



Well thought out and reasoned rebuttal champ!
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August 12, 2013, 04:49:26 AM
 #2411

Quote
I never said it was all from BFL, but the vast majority is and will continue to be for awhile yet.  You are deluding yourself if you think otherwise, heh.

Back to forums Josh? You coming to C3?

The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
scambutterflylabs
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August 12, 2013, 05:04:51 AM
 #2412

quote BFL forum

"Reposting Fet-Up's refund instructions. Might as well make a little more work for the deleters.

Perhaps a good idea is for everyone to make it their sig. You may not want a refund yourself, but any reasonable person should be in favor of them for those who do, and opposed to deleting posts that explain how.

-----------------------------------------
How I got my Butterfly Labs Refund, well after the 45 day PayPal limit.
http://tarspublishing.com/butterflyrefund
(This post will be removed when noticed by BFL, as they want to ensure that people don't know their legal rights: That alone makes them look pretty shady. I'm speaking from experience, as they modified my last post a week ago to simply say "Hello", and turned another posters comment about my post to "Post this in another forum") - Shady!"



https://forums.butterflylabs.com/blogs/bfl_jody/277-friday-august-9-2013-shipping-update-page5.html#comment7100

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.
bobsag3
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August 12, 2013, 05:18:02 AM
 #2413

The company's crap is almost overwhelming.
Meizirkki
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August 12, 2013, 10:31:05 AM
 #2414

I used to have hard time trying to understand BFLs situation, but every post from Josh makes it a little bit easier. If a company is led by an incompetent asshole, it's no wonder they can't even produce shit.
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August 12, 2013, 12:35:05 PM
 #2415

Thank you for your support.
vnvizow
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August 12, 2013, 12:50:42 PM
 #2416

Lol, if you guys have ever seen the video intro to the butterflylabs warehouse and office you'll shelves and racks of the 500gh/s and the 50gh/s models. My point is that if they really want to made money they would link all they machinery(if they really exist and mine that fast) together to dominate the bitcoin network. Note: the above is just my opinion, if you disagree, then disagree......
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August 12, 2013, 12:57:55 PM
 #2417

Lol, if you guys have ever seen the video intro to the butterflylabs warehouse and office you'll shelves and racks of the 500gh/s and the 50gh/s models. My point is that if they really want to made money they would link all they machinery(if they really exist and mine that fast) together to dominate the bitcoin network. Note: the above is just my opinion, if you disagree, then disagree......
Ye, I've also thought that why sell devices (except ofcourse support bitcoin). When you are able to make huge profit by just running all your devices in huge server room...
lucasjkr
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August 12, 2013, 01:53:12 PM
 #2418

There are some pretty big up front costs involved. It's not like you scrape up pocket change and have custom chips made up. So they could either have gone the route they went (develop chips and sell devices to end users) or go the ASICminer route, raise capital from a small group of investors, develop those same chips and hold your hashing power tight to your chest.

I'm glad that BFL took the route they took. Otherwise we'd have a completely different looking ecosystem, twin towers of AM and BFL, with the rest of the world trying to keep up using GPUs. Well, we'd have all of 1500 Avalon machines to fight over, or be afforded such great deals as friedcats 2BTC 330 MH device. Which, even after its latest price it, is still twice as much per hash as butterfly's offerings. Yes, you can get it sooner. But every day BFL wittles away at that.
millsdmb
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August 12, 2013, 01:57:46 PM
 #2419

There are some pretty big up front costs involved. It's not like you scrape up pocket change and have custom chips made up. So they could either have gone the route they went (develop chips and sell devices to end users) or go the ASICminer route, raise capital from a small group of investors, develop those same chips and hold your hashing power tight to your chest.

I'm glad that BFL took the route they took. Otherwise we'd have a completely different looking ecosystem, twin towers of AM and BFL, with the rest of the world trying to keep up using GPUs. Well, we'd have all of 1500 Avalon machines to fight over, or be afforded such great deals as friedcats 2BTC 330 MH device. Which, even after its latest price it, is still twice as much per hash as butterfly's offerings. Yes, you can get it sooner. But every day BFL wittles away at that.
the 330mh device is like .39 now btc and you know that even 2btc buyers were at least getting a product.

Where are the jalepenos?

Hitler Finds out about the Butterfly Labs Monarch http://www.youtube.com/watch?v=4jYNMKdv36w
Get $10 worth of BTC Free when you buy $100 worth at coinbase.com/?r=51dffa8970f85a53bd000034
lucasjkr
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August 12, 2013, 02:25:06 PM
 #2420

Yeah. And at .39 for 330 MH, it comes in twice as expensive as Bfl's. I got a jalapeño. Sold it immediately because eBay was posting some amazing prices for them. Lots if others do the same, though the going prices are falling because there's more and more coming online. IMO people who bought those at 2btc proved PT Barnum right.

They seem slow in coming out, but we have zero clue how many orders they got. It could be 10's of thousands going by the range of order numbers people have posted. Though that number contains a lot of orders that people stepped through the system and then Didn't pay for, but it also contaibs lots if orders for more than one product, so its still a huge number likely. Even 10k orders of a single product each is going to take a while to fulfill in house. Not to mention assembling, etc.
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