Butterflylabs Huge SCAM

[MooC Tals]

I haven't given up hope... but I also don't have the investment in hardware that others do. I purchased a 4.5GH/s miner (Think it was a Jalapeno, could be wrong) back in March, and it is supposed to be shipped in June... but I'm past the point of really caring, so honestly if it shows up by Christmas, I'll be happy.

So you just threw money at a purchase not even understanding what it was? You put 5000 in a calculator that had BFL adverts all over the page and followed one to the pre-order page. Now after months you begin to suspect there is a problem after reading that other people from months before you are having the same issues?

But you still hold faith because that would mean you got suckered and you're not a sucker right? How could you fall for such a deception after all there are laws against this, protection services. Right?

Well it's not like you bought it through PayPal and waited over 4 months now because it would be very difficult to get your money back now right? If BFL refuses to but they still refund money back, So you're now thinking "ah it's only 147 bucks it's not that much to bother complaining.....

Did I get it somewhat right?

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[Frizz23]

I haven't given up hope... but I also don't have the investment in hardware that others do. I purchased a 4.5GH/s miner (Think it was a Jalapeno, could be wrong) back in March, and it is supposed to be shipped in June... but I'm past the point of really caring, so honestly if it shows up by Christmas, I'll be happy.

"There's a sucker born every minute".  A sucker that doesn't care about $150.

I am really thinking about creating my own business where I take pre-order money for a Perpetual motion device. Do you guys think $150 is too much? Should I charge more like $49? What is the limit for your carelessness?

[darkmule]

I am really thinking about creating my own business where I take pre-order money for a Perpetual motion device. Do you guys think $150 is too much? Should I charge more like $49? What is the limit for your carelessness?

Ask pirateat40, who ripped off people for much, much more than that and is laughing at the fools he suckered to this day, with zero consequences.

[tinus42]

It's sucky that you can't buy any hardware at the moment that offers a decent ROI. 

[Richy_T]

It's sucky that you can't buy any hardware at the moment that offers a decent ROI. 

Consider that when we moved into the realm of ASICs, it would be more profitable for the producers to keep ASICs and mine than sell them (note: I'm not accusing BFL of doing this). Hence the price. Competition might have kept things down hence the low price for round 1 of the Avalon ASICS (they were expecting competition from BFL. In fact, by my understanding, were developed to provide competition to BFL. Then suddenly the developer found he had a working product and no competition. Whoops).

[MooC Tals]

By Shirley Siluk from Coindesk.com



http://www.coindesk.com/butterfly-labs-says-bulk-chip-sales-to-start-soon/

Love the article

Notice the part where he says "this week...."? We'll see?

Next on Cramer's MAD MONEY!!! BFL unlimited

Stock ticker BS a division of Fulovshite

has been down graded to RISKY!!!

Buzzer sounds*

[MooC Tals]

From redit
http://www.reddit.com/r/Bitcoin/comments/1g23w2/paypal_email_to_employees_policy_regarding_bitcoin/

Paypal can't be used for pre-orders? OMG What happens when Paypal finds out that BFL was doing pre-orders back as far as Oct 2012?

[YacLives]

So im still really confused about BFL are they legit because i see them all over ebay but the sellers are all using the same pics
and if they are can someone prove they have one with pics and outputs and if not then why dont we just say it lol

[MooC Tals]

So im still really confused about BFL are they legit because i see them all over ebay but the sellers are all using the same pics
and if they are can someone prove they have one with pics and outputs and if not then why dont we just say it lol

Before you buy read as much as you can about the company, the history and the people running it, the CEO and most important of all go look at their forum and read as many good posts as the bad one. Look around and get a feel for the customer service and what products have been shipped and how long people have been waiting.

In my opinion VERY HIGH RISK!!

[Alpha|FWZ]

seems they are shipping now....

[YacLives]

So im still really confused about BFL are they legit because i see them all over ebay but the sellers are all using the same pics
and if they are can someone prove they have one with pics and outputs and if not then why dont we just say it lol

Before you buy read as much as you can about the company, the history and the people running it, the CEO and most important of all go look at their forum and read as many good posts as the bad one. Look around and get a feel for the customer service and what products have been shipped and how long people have been waiting.

In my opinion VERY HIGH RISK!!

Thanks for the tips and i have been doing this but im just getting really confused because its very conflicting
but im sure its just FUD to either lower the demand or cripple the comanys batch launches however i dont see that happening

just reading threads such as them selling their chips separate are really confusing but ill work through it and as i said thanks for the tips

[MooC Tals]

So im still really confused about BFL are they legit because i see them all over ebay but the sellers are all using the same pics
and if they are can someone prove they have one with pics and outputs and if not then why dont we just say it lol

Before you buy read as much as you can about the company, the history and the people running it, the CEO and most important of all go look at their forum and read as many good posts as the bad one. Look around and get a feel for the customer service and what products have been shipped and how long people have been waiting.

In my opinion VERY HIGH RISK!!

Thanks for the tips and i have been doing this but im just getting really confused because its very conflicting
but im sure its just FUD to either lower the demand or cripple the comanys batch launches however i dont see that happening

just reading threads such as them selling their chips separate are really confusing but ill work through it and as i said thanks for the tips

I have already made my mind up but I have done a great deal of reading. I have been here ever since I ordered in Oct of 2012 and cancelled in Jan 08 of 2013. I have followed every update and read both the good and bad posts. I have followed Inaba through either his incompetence or deceit. Depends how you perceive it. These are my opinions formed from what I have read. If you are new to this you will unfortunately need to make up your own mind.

You will also need to understand where bitcoin is these days and understand how fast the difficulty will rise by the time you get your unit. This is important to understand because if you get it later your ability to use it to make money will be more difficult.

The rate at which bitcoins difficulty is rising is about 18% every 2 week so far and that can change for better or for worse.

Its not as simple as buying a miner and making money. Really think what your getting in to.

I'm not telling you to not buy from them I'm just saying that at this point and time make sure you get it quickly. 

[hizxc]

I have orded BLF miner a month ago, but still processing.

[bitcoin70]

Has anyone received an ASIC miner from BFL that can verify they are shipping?  What is the lag time?

[YacLives]

So im still really confused about BFL are they legit because i see them all over ebay but the sellers are all using the same pics
and if they are can someone prove they have one with pics and outputs and if not then why dont we just say it lol

Before you buy read as much as you can about the company, the history and the people running it, the CEO and most important of all go look at their forum and read as many good posts as the bad one. Look around and get a feel for the customer service and what products have been shipped and how long people have been waiting.

In my opinion VERY HIGH RISK!!

Thanks for the tips and i have been doing this but im just getting really confused because its very conflicting
but im sure its just FUD to either lower the demand or cripple the comanys batch launches however i dont see that happening

just reading threads such as them selling their chips separate are really confusing but ill work through it and as i said thanks for the tips

I have already made my mind up but I have done a great deal of reading. I have been here ever since I ordered in Oct of 2012 and cancelled in Jan 08 of 2013. I have followed every update and read both the good and bad posts. I have followed Inaba through either his incompetence or deceit. Depends how you perceive it. These are my opinions formed from what I have read. If you are new to this you will unfortunately need to make up your own mind.

You will also need to understand where bitcoin is these days and understand how fast the difficulty will rise by the time you get your unit. This is important to understand because if you get it later your ability to use it to make money will be more difficult.

The rate at which bitcoins difficulty is rising is about 18% every 2 week so far and that can change for better or for worse.

Its not as simple as buying a miner and making money. Really think what your getting in to.

I'm not telling you to not buy from them I'm just saying that at this point and time make sure you get it quickly. 

It quite simply seems to me that unless you can stay ahead of the curve which seems at the moment is a huge hurdle unless you are in the right circle....ect ect

you are better off investing and trading in the currency having a slow return on the investment

[MooC Tals]

So im still really confused about BFL are they legit because i see them all over ebay but the sellers are all using the same pics
and if they are can someone prove they have one with pics and outputs and if not then why dont we just say it lol

Before you buy read as much as you can about the company, the history and the people running it, the CEO and most important of all go look at their forum and read as many good posts as the bad one. Look around and get a feel for the customer service and what products have been shipped and how long people have been waiting.

In my opinion VERY HIGH RISK!!

Thanks for the tips and i have been doing this but im just getting really confused because its very conflicting
but im sure its just FUD to either lower the demand or cripple the comanys batch launches however i dont see that happening

just reading threads such as them selling their chips separate are really confusing but ill work through it and as i said thanks for the tips

I have already made my mind up but I have done a great deal of reading. I have been here ever since I ordered in Oct of 2012 and cancelled in Jan 08 of 2013. I have followed every update and read both the good and bad posts. I have followed Inaba through either his incompetence or deceit. Depends how you perceive it. These are my opinions formed from what I have read. If you are new to this you will unfortunately need to make up your own mind.

You will also need to understand where bitcoin is these days and understand how fast the difficulty will rise by the time you get your unit. This is important to understand because if you get it later your ability to use it to make money will be more difficult.

The rate at which bitcoins difficulty is rising is about 18% every 2 week so far and that can change for better or for worse.

Its not as simple as buying a miner and making money. Really think what your getting in to.

I'm not telling you to not buy from them I'm just saying that at this point and time make sure you get it quickly. 

It quite simply seems to me that unless you can stay ahead of the curve which seems at the moment is a huge hurdle unless you are in the right circle....ect ect

you are better off investing and trading in the currency having a slow return on the investment

I have been hearing that as well. At this point and time after mining a bit myself some of the crypt-alternatives out there I been getting a bit of experience with different currencies and how they work on the exchanges. What works and how the currencies age effects its value. Guessing in most cases but there are consistencies to look at. After a while you may start to see patterns. However this is not the first time a leap in technology of processors has happened however what is new is the fact that we now have two dominant main currencies that are being taken seriously by people, commerce and unfortunately governments along with at least 15 smaller contending alt-currencies pitting at third place. Mind you most are jokes however I am seeing a few that can be considered number 3 if they can survive the tech spurt.

We are seeing GPU's that were able to support bitcoin being squeezed out and forced either off line or find a place in the other alternatives and the dropping of bitcoin prices are speeding up that process. Litecoin is taking on most of the GPU's however litcoine is no where near the size of bitcoin and can never support all GPUs. With litecoin at 3 dollars the profit for GPU power hungry miners will not be enough. Will litecoin increase in price? Who knows. For GPU sakes they better.

We are living very exciting times. Please understand the flux we are entering. Bad time for miners with obsolete equipment.

[STT]

The best scam would be if butterfly had units built months ago but setup them up to use meanwhile so being paid to mine twice

[MooC Tals]

The best scam would be if butterfly had units built months ago but setup them up to use meanwhile so being paid to mine twice

Well that would be interesting. To say the least.

[ciliomer]

Thanks for the heads up

[YacLives]

So im still really confused about BFL are they legit because i see them all over ebay but the sellers are all using the same pics
and if they are can someone prove they have one with pics and outputs and if not then why dont we just say it lol

Before you buy read as much as you can about the company, the history and the people running it, the CEO and most important of all go look at their forum and read as many good posts as the bad one. Look around and get a feel for the customer service and what products have been shipped and how long people have been waiting.

In my opinion VERY HIGH RISK!!

Thanks for the tips and i have been doing this but im just getting really confused because its very conflicting
but im sure its just FUD to either lower the demand or cripple the comanys batch launches however i dont see that happening

just reading threads such as them selling their chips separate are really confusing but ill work through it and as i said thanks for the tips

I have already made my mind up but I have done a great deal of reading. I have been here ever since I ordered in Oct of 2012 and cancelled in Jan 08 of 2013. I have followed every update and read both the good and bad posts. I have followed Inaba through either his incompetence or deceit. Depends how you perceive it. These are my opinions formed from what I have read. If you are new to this you will unfortunately need to make up your own mind.

You will also need to understand where bitcoin is these days and understand how fast the difficulty will rise by the time you get your unit. This is important to understand because if you get it later your ability to use it to make money will be more difficult.

The rate at which bitcoins difficulty is rising is about 18% every 2 week so far and that can change for better or for worse.

Its not as simple as buying a miner and making money. Really think what your getting in to.

I'm not telling you to not buy from them I'm just saying that at this point and time make sure you get it quickly.  

It quite simply seems to me that unless you can stay ahead of the curve which seems at the moment is a huge hurdle unless you are in the right circle....ect ect

you are better off investing and trading in the currency having a slow return on the investment

I have been hearing that as well. At this point and time after mining a bit myself some of the crypt-alternatives out there I been getting a bit of experience with different currencies and how they work on the exchanges. What works and how the currencies age effects its value. Guessing in most cases but there are consistencies to look at. After a while you may start to see patterns. However this is not the first time a leap in technology of processors has happened however what is new is the fact that we now have two dominant main currencies that are being taken seriously by people, commerce and unfortunately governments along with at least 15 smaller contending alt-currencies pitting at third place. Mind you most are jokes however I am seeing a few that can be considered number 3 if they can survive the tech spurt.

We are seeing GPU's that were able to support bitcoin being squeezed out and forced either off line or find a place in the other alternatives and the dropping of bitcoin prices are speeding up that process. Litecoin is taking on most of the GPU's however litcoine is no where near the size of bitcoin and can never support all GPUs. With litecoin at 3 dollars the profit for GPU power hungry miners will not be enough. Will litecoin increase in price? Who knows. For GPU sakes they better.

We are living very exciting times. Please understand the flux we are entering. Bad time for miners with obsolete equipment.

Understood, and my understanding is people rely on resale of gpus and use that as a basis to justify "still remaining profitable mining" but quite frankly alt mining is not that profitable and they are lucky at all to stay alive as the miners dont seem to mind it not being so profitable and are either looking at it in the long term or just staying oblivious to the fact they arnt actually making money in the short term

but in saying all this i guess its a given that big rigs profit and when they dont on a certain coin that is then opening opportunity for a new altcoin to come out and start the process over. and reducing the redundantcy of their equipment

it is all exciting i am a small miner and would consider investing in a decent rig one day but it really seems that trading it is much more profitable and less work and less risky
and imo altcoins only bolster bitcoin but the altcoin forum is a bit of a mess and its ashame really because the world is really watching this and really wants to be convinced in its integrity and the jokes that are the majority of the altcoin forum are from a speculators standpoint imo  a waste of their time even looking at and a massive turnoff and makes it very hard for anyone to take seriously

i live in Australia and there are even real estate agents wanting to impliment house sales in bitcoin but as you know the currency is still way to volatile and people dont like it because of that
thats why i have some faith in YACoin its remained very stable and will be interesting to see who will take hold of it and boost it and how that could coexcist with Bitcoin

anyhow im babling on a bit but these are my thoughts and im really enthuesed about all this but dont have a clue how the future tech will have effect in all of this because im sure tech will change dramaticly in the near future i mean take spintronics for instance now thats a whole new ballgame but i guess we cross that bridge when we get to it


sorry if im getting wildly offtopic and sorry about my spelling gramma and punctuation they are not at all my strongpoints