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Author Topic: Butterflylabs Huge SCAM  (Read 383257 times)
zkoynz
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May 15, 2013, 06:51:52 PM
 #1221

nice post!
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tinus42
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May 15, 2013, 07:01:49 PM
 #1222

Why are there still ads for BFL on this site if it's a scam?
doosey2
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May 15, 2013, 07:08:17 PM
 #1223

I paid $274 for my 5GH/s jalapeno and am still waiting since April...but I saw a guy who sold his April 13 *pre-order* for over 2x on ebay.
Kouye
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May 15, 2013, 07:15:10 PM
 #1224

I paid $274 for my 5GH/s jalapeno and am still waiting since April...but I saw a guy who sold his April 13 *pre-order* for over 2x on ebay.

Hi Josh! Wink

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
ilikehero
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May 15, 2013, 07:39:50 PM
 #1225

true
Frizz23
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May 15, 2013, 07:44:54 PM
 #1226

Kuzushi
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May 15, 2013, 09:52:49 PM
 #1227

I'm very very new at all this so if this post seems a bit naive then yes.....guilty as charged.

Everyone that preorderd a BFL ASIC device must have understood that they were taking a chance on an emerging technology.  I know how frustrating it can be to wait, and we all secretly wanted the mail man to ring our doorbells product in hand the day after we pressed the "Buy Now" button, but waiting is part of the game, it's part of the risk of being an early adopter.

Yes....I said early adopter because if you think the BFL preorder list is big now just wait and see what happens after we get our orders filled and this forum lights up like a tree at Christmas with people saying....I just got my order!!!   When that happens the order list will grow by 30 to 50 times and the company will have no choice but to raise their prices in an effort to balance the order flow with their ability to deliver.

Also, if we're talking about risk then we should also look at the risk/reward ratio.  With the potential loss being about $60 or less per GH and the potential gain being many times more then the cost, it's a bet that makes sense.  Add to the fact that you can get a full refund just by asking and the risk/reward ratio looks even better, especially since we're betting on a company that has successfully delivered cutting edge mining products in the past.  

I'm curious...when BFL first announced that they were coming out with their FPGA miners did they also have to take all this heat?

It makes good business sense to spread your mining budget over a few companies to further reduce your risk, so I for one am rooting for these guys.

I wish I could find a casino game that would give me a chance to gain while allowing me a full refund.
creativex
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May 15, 2013, 10:08:24 PM
 #1228

I'm very very new at all this so if this post seems a bit naive then yes.....guilty as charged.

No offense intended, but you were spot on here...then you just trailed off.

BFL reps lie constantly about everything, THAT'S the problem, not that new technology is risky or that there are delays. Back in October of 2012 Josh was endlessly spouting off about how this delay or that delay wouldn't be a problem because of all the "extra padding" built into their "worst case scenario". Guess how all that turned out? It's like this at every turn...everything BFL related takes 10x as long as what they say and different reps cite different delivery schedules. They're a total mess, unable even to keep their lies straight.

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May 15, 2013, 10:11:25 PM
 #1229

[lots of bullcrap deleted]
...
Yes....I said early adopter because if you think the BFL preorder list is big now just wait and see what happens after we get our orders filled and this forum lights up like a tree at Christmas with people saying....I just got my order!!!   When that happens the order list will grow by 30 to 50 times and the company will have no choice but to raise their prices in an effort to balance the order flow with their ability to deliver.
...
[lots of bullcrap deleted]

You BFL shills have no shame, have you?

Trying to lure even more people into this pre-order pyramid scam.

- speechless -
Exoskeleton
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May 15, 2013, 10:19:41 PM
 #1230

I wish I could find a casino game that would give me a chance to gain while allowing me a full refund.

This is a terrible analogy to what BFL is putting its customers through.

How about a casino game where you are promised a win, then the rules change and you don't get paid. But you get your money back and are told that the new rules guarantee a win if you leave your money at the casino for another two weeks. Then two weeks later the same thing happens. This same thing happens every two weeks for a year. Keep in mind that you are in a line with over 10,000 other players waiting to get paid. Would you feel cheated? You always had the chance to get your money back. But you were lied to every two weeks about the rules of the game.

Meanwhile, people are making huge profits playing at every single other casino.

The problem is that most people who believe in bitcoin, myself included, look at mining as our major investment vehicle this year. When you only have under 20btc to your name today this kind of decision can make or break you in the next year.

I know that peope should be aware of the high risks involved with mining bitcoins but I also think people should be able to get honest information on those risks.
Kouye
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May 15, 2013, 10:28:19 PM
 #1231

I'm very very new at all this[...]
[...] we all secretly wanted [...] it's part of the risk of being an early adopter.

Ok, so you're very very new to this AND an early adopter ? Grin

[...] I'm curious...when BFL first announced that they were coming out with their FPGA miners did they also have to take all this heat? [...]

[...] I wish I could find a casino game that would give me a chance to gain while allowing me a full refund. [...]

Haha, this looks like pure, perfect textbook scamming!

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
XenonofArcticus
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May 15, 2013, 10:34:23 PM
 #1232

Well, I have a BFL pre-order in. I think they'll deliver it, eventually. I suspect it will be worthwhile in the long run, but thie is Research and stuff does have problems.
Exoskeleton
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May 15, 2013, 10:36:36 PM
 #1233

creativex, Frizz23, thanks for the quick shutdown of Kuzushi. I was hesitating to call him a BFL shill but its quite obvious. They are everywhere on this forum. I think we need to keep this thread honest because people are still falling for the BFL scam to this day. I was going to pull the trigger on a BFL unit a while back untill I had the good luck to find this site and read up on the company.

People on this forum saved me from being one of the "lost generation" of bitcoin miners.

A big "Thank You" to everyone on this forum who allowed me to see behind the curtainGrin
Frizz23
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May 15, 2013, 10:43:51 PM
 #1234

creativex, Frizz23, thanks for the quick shutdown of Kuzushi. I was hesitating to call him a BFL shill but its quite obvious. They are everywhere on this forum.

I was often wondering what all those BFL employes (from this company video) do all day. Surely they can't assemble ASIC miners - since those are still in prototyping phase.

But when you go to http://forums.butterflylabs.com/ you know what they do all day: Keeping a clean and positive "aura", praise and cheer BFL to the skies ...
Kuzushi
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May 15, 2013, 10:44:50 PM
 #1235

Yeah, I had a feeling you guys would be passionately in love with my post  Tongue

But the question remains:

When BFL first announced that they were coming out with their FPGA miners did they also have to take all this heat?
Gamelord
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May 15, 2013, 10:45:00 PM
 #1236

So has anyone ever received anything from BFL?  Or has anyone ever seen one of these machines in action in person?
scab
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May 15, 2013, 10:47:42 PM
 #1237

I suspected them the whole time.
BTCoder
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May 15, 2013, 10:48:02 PM
 #1238

Good read.
creativex
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May 15, 2013, 10:58:09 PM
 #1239

Yeah, I had a feeling you guys would be passionately in love with my post  Tongue

But the question remains:

When BFL first announced that they were coming out with their FPGA miners did they also have to take all this heat?

They didn't have to take heat, they chose to by being dishonest. BFL lied about their timetable for delivery of FPGA mining gear and they also lied about power consumption of that gear, just as they've done with ASIC mining gear. They're deceitful at every opportunity, because it's how they roll.

scab
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May 15, 2013, 11:04:45 PM
 #1240

Who else other then me suspected this for the longest time?
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