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Author Topic: Butterflylabs Huge SCAM  (Read 415267 times)
martinkou
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April 28, 2013, 07:09:05 PM
 #801

They've shipped their ASIC Jalepeno recently... doesn't look like a scam anymore.
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bitbrandon
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April 28, 2013, 07:19:39 PM
 #802

Is there even an ETA on these things? My friend bought one of their jalapenos and we're all wondering if he will ever get it.
BitshireHashaway
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April 28, 2013, 07:20:44 PM
 #803

And you kids will be the ones crying after everyone else is mining 1TH/s.
+1

Then I'll buy one then and be mining at that speed too like everyone else. I'd rather take the risk of potential lost income by waiting then giving them the money and losing it all.
bitbrandon
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April 28, 2013, 07:27:22 PM
 #804

DIY Is the best way to go imo, and its fun to build :p

I'm just curious as to what you mean by DIY. Are you talking about building your own ASIC type machine or some FPGA or just a bunch of GPU's?
charleshoskinson
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April 28, 2013, 07:36:34 PM
 #805

I would presume an FPGA or GPU. DIY ASICs are not for normal people

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dcore
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April 28, 2013, 07:43:31 PM
 #806

I always take notice of changes in the bitcoin market when it's already too late to make a profit Sad
jml
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April 28, 2013, 07:45:35 PM
 #807

I prefer the DIY route, its so much more fun and you do learn along the way. In-the-box or PnP ASIC's just kills the fun.

"Everything is a matter of degree"
Exoskeleton
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April 28, 2013, 07:47:26 PM
 #808

BFL will have about 50,000 orders soon, worth well over $50,000,000. This is before shipping even starts up proper. It will get even worse before people finally start to catch on. They will never stop taking per orders.

And then what happens to mining if they somehow can ship $50,000,000 in cheap ASIC chips within six months? Game over for everyone involved in mining? I guess we'll see how this all rocks out soon enough.

If you could physically see all the tens of thousands of people with preorders standing in a single file line, would you still buy a $300-$30,0000 ticket to go stand in it?
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April 28, 2013, 07:50:37 PM
 #809

BFL will have about 50,000 orders soon, worth well over $50,000,000. This is before shipping even starts up proper. It will get even worse before people finally start to catch on. They will never stop taking per orders.

And then what happens to mining if they somehow can ship $50,000,000 in cheap ASIC chips within six months? Game over for everyone involved in mining? I guess we'll see how this all rocks out soon enough.

If you could physically see all the tens of thousands of people with preorders standing in a single file line, would you still buy a $300-$30,0000 ticket to go stand in it?

I killed my preorder for my Jap in early April as I ordered in Feb/March period. The time to claim was looming and I was not prepared to take any chances. New shipping dates were announced every month causing more delays.

"Everything is a matter of degree"
Exoskeleton
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April 28, 2013, 07:55:06 PM
 #810

I still can't beleive I was about one click away from ordering one myself a while back. I still don't know what stopped me. I just hate being the last one to get in a long line I guess.
pointychimp
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April 28, 2013, 08:20:49 PM
 #811

I still can't beleive I was about one click away from ordering one myself a while back. I still don't know what stopped me. I just hate being the last one to get in a long line I guess.

That's what's stopping me. Right now the jalapeno would be pretty good compared to what I have now. But by the time I get it... not so much.

They've shipped their ASIC Jalepeno recently... doesn't look like a scam anymore.

What's funny is that the guy who was first in line and posted his unpacking video on youtube bought the Jalepeno as a supplementary thing to his singles.
Exoskeleton
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April 28, 2013, 08:33:30 PM
 #812


What's funny is that the guy who was first in line and posted his unpacking video on youtube bought the Jalepeno as a supplementary thing to his singles.
[/quote]

Its fishy that he says he bought it to have while waiting for his singles, like he knew he would have to wait for them or something. If I was a first day order I wouldn't have had any concern about waiting at all. The whole thing smells foul.
Stevenrm87
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April 28, 2013, 08:35:21 PM
 #813

Im agree but their price is luring

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treiq
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April 28, 2013, 08:54:53 PM
 #814

Why are there still ads on the site for BFL when it's all a scam anyway?
Kouye
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April 28, 2013, 09:29:04 PM
 #815

Is there even an ETA on these things? My friend brother bought one of their jalapenos and we're all wondering if he will ever get it.

Fixed.

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QuantumKiwi
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April 28, 2013, 09:35:17 PM
 #816

They only seem to be shipping a small amount, with the amount of funds they have with pre-orders you would think a company of the potential size would get its act together and start pushing out more units.

Really, I think they might ship out small spec high performance units at a slow pace while taking on massive pre-orders for the higher, un-developed units yet to be shipped.  Which will ultimately supplement profits & development costs.




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charleshoskinson
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April 28, 2013, 09:41:10 PM
 #817

Quote
They only seem to be shipping a small amount, with the amount of funds they have with pre-orders you would think a company of the potential size would get its act together and start pushing out more units.

Really, I think they might ship out small spec high performance units at a slow pace while taking on massive pre-orders for the higher, un-developed units yet to be shipped.  Which will ultimately supplement profits & development costs.

http://www.youtube.com/watch?v=MW5aDmQLqVY

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snaidervp
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April 28, 2013, 09:46:16 PM
 #818

right..

we'll see...

yawn
Pernette
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April 28, 2013, 09:50:48 PM
 #819

Wow!!
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April 28, 2013, 09:57:44 PM
 #820

Any advice for folks who've already invested in BFL? Any experience getting a refund etc?
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