derpminer
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April 20, 2013, 01:55:06 PM |
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Ceo was a convicted felon for fraud.
There's no way he'll deliver.
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teresabelek
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April 20, 2013, 01:57:07 PM |
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that's why I think is important to always stay with one type of coin.
others are scams...
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Dark3nedFaith
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April 20, 2013, 01:58:54 PM |
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I would never go for one of their ASICS without a proof of concept
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cardan2
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April 20, 2013, 01:59:13 PM |
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About BLF I find out few days ago, for me it's look like scam, they take money and give only promises
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greene63
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April 20, 2013, 02:06:13 PM |
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but there are also other coins that look like scam.
mainly the give aways... :\
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ghostlander
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No surrender, no retreat, no regret.
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April 20, 2013, 02:18:12 PM
Last edit: April 22, 2016, 12:20:52 AM by ghostlander |
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BFL have delivered FPGAs in the past. They also have some kind of a trade-in program. We'll see.
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cusdog
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April 20, 2013, 02:34:13 PM |
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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?
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roy7
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April 20, 2013, 04:15:33 PM |
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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. |
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digicoin
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April 20, 2013, 07:03:48 PM |
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Anyone had their product in hand?
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master.yoda
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April 20, 2013, 09:02:52 PM |
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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.
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saneczki
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April 20, 2013, 09:19:17 PM |
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Mayby they are working but for Yuorself for Yours money. They will say we will shipping in next month.. next next next = never.
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Evo
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April 20, 2013, 10:47:01 PM |
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Thanks for the info, guys. I'm glad I didn't end up ordering.
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tuckertz1992
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April 20, 2013, 10:52:20 PM |
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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...  |
New Bitcoin Miner - If i've helped you, please donate: 15G6Zm6rAJu6ME5BQqX9GXGwGLgzC9Mboc
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thebadplus
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April 20, 2013, 11:13:04 PM |
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Confirmed:
butterfly labs is a scam. They have no real product, and I'm quite sure they have no intention of developing one.
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ooeygooeygold
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April 20, 2013, 11:19:46 PM |
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yea looks like a huge scam to me
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n.montross1
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April 20, 2013, 11:36:49 PM |
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wow this is really surprising and just good to know that there are scammers like this out there and to be careful and beware.
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trance1999
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April 20, 2013, 11:37:18 PM |
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Confirmed:
butterfly labs is a scam. They have no real product, and I'm quite sure they have no intention of developing one.
confirmed huh? Sounds like a troll to me. They shipped 2 of their 5GH units to beta testers. They are not a "scam". Now, whether or not you'll be able to break even. That's yet to be seen. If they ship all the units people have ordered the hash rate will grow so much (the difficulty will rise so much) that you won't me able to mine much more with a 50GH unit than you can today with a decent video card. |
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creativex
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April 20, 2013, 11:56:55 PM |
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Confirmed:
butterfly labs is a scam. They have no real product, and I'm quite sure they have no intention of developing one.
confirmed huh? Sounds like a troll to me. They shipped 2 of their 5GH units to beta testers. They are not a "scam". Now, whether or not you'll be able to break even. That's yet to be seen. If they ship all the units people have ordered the hash rate will grow so much (the difficulty will rise so much) that you won't me able to mine much more with a 50GH unit than you can today with a decent video card. They're beta testing a 5Gh/s unit that consumes 30w six months after they were supposed to ship their 4.5Gh/s unit that consumes 4.5w to investors. That sure sounds like a scam to me and those are the lucky investors. If you ordered a $30,000 minirig SC in June of 2012...well tough luck buddy. |
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