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Author Topic: Butterflylabs Huge SCAM  (Read 375384 times)
edarta
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April 20, 2013, 11:58:00 AM
 #481

Some rumors they have some kind of prototype working: http://bitcoinmagazine.com/bitcoin-developer-receives-first-butterfly-labs-asic/
Question remains of course if and when they will be shipping.
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roy7
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April 20, 2013, 01:07:47 PM
 #482

Some rumors they have some kind of prototype working: http://bitcoinmagazine.com/bitcoin-developer-receives-first-butterfly-labs-asic/
Question remains of course if and when they will be shipping.

Apparently a couple have shipped to developers.

https://forums.butterflylabs.com/blogs/bfl_jody/131-asics-trickle-out.html

RoyalMiningCo: Pools retired. Was fun!
Hei_
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April 20, 2013, 01:12:24 PM
 #483

http://www.youtube.com/watch?v=cnuodLiCGzY

!!!SIGSPACE FOR RENT!!!
ghostlander
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April 20, 2013, 01:31:59 PM
 #484

It's speculated that BFL have started to use the HW for themselves since the BTC rise a few months back. Maybe there are also some serious HW/SW bugs to catch and fix.

"If you've got a problem and have to spread some coins to make it go away, you've got no problem. You've got an expence." ~ Phoenixcoin (PXC) and Orbitcoin (ORB) and Halcyon (HAL)
derpminer
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April 20, 2013, 01:55:06 PM
 #485

Ceo was a convicted felon for fraud.
There's no way he'll deliver.
teresabelek
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April 20, 2013, 01:57:07 PM
 #486

that's why I think is important to always stay with one type of coin.
others are scams...
Dark3nedFaith
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April 20, 2013, 01:58:54 PM
 #487

I would never go for one of their ASICS without a proof of concept

LTC: LL2VhufKHbR3jixYn4YExQ138pBV9NJdxQ FC: 6kpsmjc6AUkj1vmfQS93njuMHXySZSyf6D
BTC: 1F3UW3NzdwzSCtXxxMLEpaexxCPPHMkzQ8
cardan2
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April 20, 2013, 01:59:13 PM
 #488

About BLF I find out few days ago, for me it's look like scam, they take money and give only promises
greene63
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April 20, 2013, 02:06:13 PM
 #489

but there are also other coins that look like scam.
mainly the give aways... :\
ghostlander
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April 20, 2013, 02:18:12 PM
 #490

BFL have delivered FPGAs in the past. They also have some kind of a trade-in program. We'll see.

"If you've got a problem and have to spread some coins to make it go away, you've got no problem. You've got an expence." ~ Phoenixcoin (PXC) and Orbitcoin (ORB) and Halcyon (HAL)
cusdog
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April 20, 2013, 02:34:13 PM
 #491

The main issue, for me atleast, is the overriding question as to why they don't just run their products themselves? Surely their cost of capital is not so high that they can't finance construction without customer deposits and capture a nice spread as their mining produces fantastic returns?
roy7
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April 20, 2013, 04:15:33 PM
 #492

The main issue, for me atleast, is the overriding question as to why they don't just run their products themselves? Surely their cost of capital is not so high that they can't finance construction without customer deposits and capture a nice spread as their mining produces fantastic returns?

You could use same logic with Avalon, and they have shipped. Hardware companies make hardware.

RoyalMiningCo: Pools retired. Was fun!
digicoin
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April 20, 2013, 07:03:48 PM
 #493

Anyone had their product in hand?
master.yoda
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April 20, 2013, 09:02:52 PM
 #494

Constant pushing up delivery date = don't know what we're doing. They may legitimately wish to sell asics but they don't know how to engineer them as evident by weekly updates stating there some new problem with the chip or the board they didn't anticipate.
saneczki
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April 20, 2013, 09:19:17 PM
 #495

Mayby they are working but for Yuorself for Yours money. They will say we will shipping in next month.. next next next = never.
owenprescott
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April 20, 2013, 09:23:36 PM
 #496

Cryptocondom BFL protection pack


https://bitcointalk.org/index.php?topic=181562.msg1897484#msg1897484

Extended protection for those taking out pre-orders with BFL.
Evo
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April 20, 2013, 10:47:01 PM
 #497

Thanks for the info, guys. I'm glad I didn't end up ordering.
tuckertz1992
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April 20, 2013, 10:52:20 PM
 #498

So glad I saw this thread, I was looking to invest in one of these - Looks like I'll go back to saving up for the hardware myself and building a better rig. Just need to save, which will take time... Sad

New Bitcoin Miner - If i've helped you, please donate: 15G6Zm6rAJu6ME5BQqX9GXGwGLgzC9Mboc
thebadplus
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April 20, 2013, 11:13:04 PM
 #499

Confirmed:

butterfly labs is a scam.  They have no real product, and I'm quite sure they have no intention of developing one.

ooeygooeygold
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April 20, 2013, 11:19:46 PM
 #500

yea looks like a huge scam to me
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