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Author Topic: Butterflylabs Huge SCAM  (Read 387663 times)
m3sSh3aD
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August 22, 2013, 10:53:43 AM
 #2521

So, ok they don't take refunds, fine.  How many of you out there HAVE placed an order (w/proof), have been waiting for 6+ months?  Gather enough of you, and you have a full on class-action lawsuit against the company itself. Has this been attempted already?  If not, it would be something to seriously consider. Very least, get your money back.

Haven't you heard the great news? Now that they're done with your zero interest loan and BTC is up vs fiat you're graciously allowed a refund!

LOL that popped up the MOMENT I posted that one.  My whole thing is,  try to get your money back at MIN.

Spot on! Makes me hope Josh catches some rare tropical disease.

because one person gets a refund does not mean they are giving refunds! You notice he .Ade a fuss and spoke out and hey presto, he got what he wanted. Go in your bank and demand something loud and you will get it. Make a scene! Get what you want. The guy behind this knows that and until enough people get together and make a law suit they will continue there ponzi scheme!

Josh is a dchildish dick with self indulgence syndrome! Period
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August 22, 2013, 11:21:15 AM
 #2522

well, I don't think you can actually consider them a scam since the DID ship.
Yes, their shipping dates delayed again and again.. but that's about it
they are not very trustworthy, yes, but i wouldn't call them a scam, they delivered finally.
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August 22, 2013, 11:22:07 AM
 #2523

mm, Yes, Your right, I cant find a good thing about buttfucker labs

Until today! Buffalo Labs has reversed their stance and will now honor all refunds via bitcoins: https://bitcointalk.org/index.php?topic=279173.0

Nice, but because USD per BTC rised, you will get back much less BTC
m3sSh3aD
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August 22, 2013, 11:34:19 AM
 #2524

mm, Yes, Your right, I cant find a good thing about buttfucker labs

Until today! Buffalo Labs has reversed their stance and will now honor all refunds via bitcoins: https://bitcointalk.org/index.php?topic=279173.0

Nice, but because USD per BTC rised, you will get back much less BTC

Let's see, I played 63 btc ($1299) for a single 13/14 months ago... a refund would pay me 10 btc at best. Excellent deal! I'll just hold out and Holt they deliver a 17 July order within 2 weeks...... where have I heard that before? Hahaha
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August 22, 2013, 12:40:00 PM
 #2525

"I just received my BFL order from several months ago, therefore they are not a scam".

I think that's called subjective thinking.

BFL sold the expectation of a certain percentage of the network hash rate, and took customers' money in exchange.

They have delivered, to each of a small fraction of those customers, a small fraction of the promised percentage of the network hashrate.

"A year ago I paid BFL $150 to provide me, after a two-month waiting period, with 0.03% of the network hashrate.  Twelve months later they shipped me 0.001% of the network hashrate.

The value of what I can hash today has increased 1200% in that year, but that still leaves me with 40% of what I paid for.  But I'm happy, and they are not a scam."

I guess.  They get 100% of your money.  You get 40% of what you paid for.  They are not a scam.  Neither is the seller of a 12mpg auto that advertised 30mpg, nor the streamer of an online movie that stops 40% in.

If you're happy with 12 mpg or with 40% of a movie, then you weren't scammed. 

Show me an ASIC vendor who sells a stated percentage of network hashrate to a customer, then delivers that percentage or promplty refunds the price difference, and I will show you a non-scamming ASIC vendor.



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m3sSh3aD
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August 22, 2013, 12:58:05 PM
 #2526

"I just received my BFL order from several months ago, therefore they are not a scam".

I think that's called subjective thinking.

BFL sold the expectation of a certain percentage of the network hash rate, and took customers' money in exchange.

They have delivered, to each of a small fraction of those customers, a small fraction of the promised percentage of the network hashrate.

"A year ago I paid BFL $150 to provide me, after a two-month waiting period, with 0.03% of the network hashrate.  Twelve months later they shipped me 0.001% of the network hashrate.

The value of what I can hash today has increased 1200% in that year, but that still leaves me with 40% of what I paid for.  But I'm happy, and they are not a scam."

I guess.  They get 100% of your money.  You get 40% of what you paid for.  They are not a scam.  Neither is the seller of a 12mpg auto that advertised 30mpg, nor the streamer of an online movie that stops 40% in.

If you're happy with 12 mpg or with 40% of a movie, then you weren't scammed. 

Show me an ASIC vendor who sells a stated percentage of network hashrate to a customer, then delivers that percentage or promplty refunds the price difference, and I will show you a non-scamming ASIC vendor.

Hi josh
stomatopod
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August 22, 2013, 04:20:09 PM
 #2527

I wonder how much time it'll take to start shipping monarchs if they're shipping 1 week of Singles already > 2 months
QuestionAuthority
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August 22, 2013, 04:39:21 PM
 #2528

"I just received my BFL order from several months ago, therefore they are not a scam".

I think that's called subjective thinking.

BFL sold the expectation of a certain percentage of the network hash rate, and took customers' money in exchange.

They have delivered, to each of a small fraction of those customers, a small fraction of the promised percentage of the network hashrate.

"A year ago I paid BFL $150 to provide me, after a two-month waiting period, with 0.03% of the network hashrate.  Twelve months later they shipped me 0.001% of the network hashrate.

The value of what I can hash today has increased 1200% in that year, but that still leaves me with 40% of what I paid for.  But I'm happy, and they are not a scam."

I guess.  They get 100% of your money.  You get 40% of what you paid for.  They are not a scam.  Neither is the seller of a 12mpg auto that advertised 30mpg, nor the streamer of an online movie that stops 40% in.

If you're happy with 12 mpg or with 40% of a movie, then you weren't scammed. 

Show me an ASIC vendor who sells a stated percentage of network hashrate to a customer, then delivers that percentage or promplty refunds the price difference, and I will show you a non-scamming ASIC vendor.

Hi josh

lol - as if he got a BFL product months ago and has 6 posts.  Hi Josh! rofl

stomatopod
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August 22, 2013, 05:32:43 PM
 #2529

Anyone already tried to mine alt SHA-256 coins with BFL miners (PPC, TRC, FRC...)? If yes, what is the hashrate they show, with Jala or Single? Since BTC difficulty is skyrocketing more and more with BTC staying at ~100$, maybe other coins might bring more profit... Smiley
Fiyasko
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August 22, 2013, 06:54:43 PM
 #2530

Anyone already tried to mine alt SHA-256 coins with BFL miners (PPC, TRC, FRC...)? If yes, what is the hashrate they show, with Jala or Single? Since BTC difficulty is skyrocketing more and more with BTC staying at ~100$, maybe other coins might bring more profit... Smiley
Good thinking, wrong thread

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
aluminum
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August 22, 2013, 08:04:27 PM
 #2531

There are some BFL rigs on sale on eBay with pictures and all. Sooo, the question is why are people reselling them? Roll Eyes
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August 22, 2013, 11:39:03 PM
 #2532

 Cheesy Watch
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August 23, 2013, 04:05:46 AM
 #2533

I thought this was common knowledge now  Tongue
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August 23, 2013, 04:39:50 AM
 #2534

mm, Yes, Your right, I cant find a good thing about buttfucker labs

Until today! Buffalo Labs has reversed their stance and will now honor all refunds via bitcoins: https://bitcointalk.org/index.php?topic=279173.0

Nice, but because USD per BTC rised, you will get back much less BTC

Your anger ought be equally directed toward the "Legal Tender" laws.
http://tenthamendmentcenter.com/2010/02/18/legal-tender-laws-and-the-constitution/#.UhbmL9K-pS8

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
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August 23, 2013, 06:24:46 AM
 #2535

I wish they'd pump up the production and shipping already. God knows they can afford it.
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August 23, 2013, 06:41:45 AM
 #2536

mm, Yes, Your right, I cant find a good thing about buttfucker labs

Until today! Buffalo Labs has reversed their stance and will now honor all refunds via bitcoins: https://bitcointalk.org/index.php?topic=279173.0

Nice, but because USD per BTC rised, you will get back much less BTC

Your anger ought be equally directed toward the "Legal Tender" laws.
http://tenthamendmentcenter.com/2010/02/18/legal-tender-laws-and-the-constitution/#.UhbmL9K-pS8

What does BFL scam has in common with "Legal Tender" laws?

If you want to repay your debt for used service or product and you can't return the same service or product you can repay with "Legal Tender", of course. But the exchange rate (price) has to be current, not the one at which debt was made! Go to your bank in the US and ask if you can borrow in euros or pounds and repay in dollars. Then ask what exchange rate they will apply, the exchange rate when loan is made or exchange rate when loan is settled?
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August 23, 2013, 07:51:30 AM
 #2537

"I just received my BFL order from several months ago, therefore they are not a scam".

I think that's called subjective thinking.

BFL sold the expectation of a certain percentage of the network hash rate, and took customers' money in exchange.

They have delivered, to each of a small fraction of those customers, a small fraction of the promised percentage of the network hashrate.

"A year ago I paid BFL $150 to provide me, after a two-month waiting period, with 0.03% of the network hashrate.  Twelve months later they shipped me 0.001% of the network hashrate.

The value of what I can hash today has increased 1200% in that year, but that still leaves me with 40% of what I paid for.  But I'm happy, and they are not a scam."

I guess.  They get 100% of your money.  You get 40% of what you paid for.  They are not a scam.  Neither is the seller of a 12mpg auto that advertised 30mpg, nor the streamer of an online movie that stops 40% in.

If you're happy with 12 mpg or with 40% of a movie, then you weren't scammed. 

Show me an ASIC vendor who sells a stated percentage of network hashrate to a customer, then delivers that percentage or promplty refunds the price difference, and I will show you a non-scamming ASIC vendor.
No, they sold you a car that gets 30 mpg (just like they advertised), but gas prices have dropped to $0.50/gallon, so you're mad that you won't be saving as much money.

Seriously, your analogy is very flawed.  BFL made no promises about the network hash rate, or about what percentage of the overall network hashrate you would own.  They only promised to deliver a particular hashrate, and that is exactly what they have been delivering.  I didn't order 0.03% of the network - I ordered 60 GH/s.  Any risk as to what difficulty or price might be in the future is a risk on the buyer's part.

Yes, they broke their many promises of delivery dates, but if people were unhappy about that, they were welcome to get a refund at any time up until BFL actually started shipping en masse.  Now I don't agree with the decision they've made to make sales "final" (and I even question the legality of it), but that doesn't change the fact that people had a good long time to make an informed decision as to whether they should risk ordering from BFL or not.
becoin
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August 23, 2013, 07:58:39 AM
 #2538

"I just received my BFL order from several months ago, therefore they are not a scam".

I think that's called subjective thinking.

BFL sold the expectation of a certain percentage of the network hash rate, and took customers' money in exchange.

They have delivered, to each of a small fraction of those customers, a small fraction of the promised percentage of the network hashrate.

"A year ago I paid BFL $150 to provide me, after a two-month waiting period, with 0.03% of the network hashrate.  Twelve months later they shipped me 0.001% of the network hashrate.

The value of what I can hash today has increased 1200% in that year, but that still leaves me with 40% of what I paid for.  But I'm happy, and they are not a scam."

I guess.  They get 100% of your money.  You get 40% of what you paid for.  They are not a scam.  Neither is the seller of a 12mpg auto that advertised 30mpg, nor the streamer of an online movie that stops 40% in.

If you're happy with 12 mpg or with 40% of a movie, then you weren't scammed. 

Show me an ASIC vendor who sells a stated percentage of network hashrate to a customer, then delivers that percentage or promplty refunds the price difference, and I will show you a non-scamming ASIC vendor.
No, they sold you a car that gets 30 mpg (just like they advertised), but gas prices have dropped to $0.50/gallon, so you're mad that you won't be saving as much money.
No, gas prices have gone up, not down!
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August 23, 2013, 08:36:34 AM
 #2539

I too have received my bfl miner a couple of weeks ago. I consider myself lucky to be able to make some money out of this machine before it becomes a paperweight. I'd be so incredibly angry to be one of those getting their miner just as the second generation asics come out, these things will be obsolete so quickly it isn't even funny...
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August 23, 2013, 08:49:25 AM
 #2540

It's just amusing how the OP posted a heavy topic where he is not interested in replying in is own thread! Just interesting. Roll Eyes
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