Butterflylabs Huge SCAM

[Fiyasko]

Why isn't anybody complaining to the BBB?

http://www.bbb.org/kansas-city/business-reviews/electronic-equipment-and-supplies-wholesale-and-manufacturers/bf-labs-inc-in-overland-park-ks-1000002011

Because the BBB itself is a scam
http://bbbscam.net/
No Seriously, im not fucking around, im not kidding, im not stretching the truth, im not under a tinfoil hat and what im saying isnt speculation or FUD.
Marketplace (the show) and ABCnews did a pretty good job exposing them
Then to follow it up, groups like anon created "business" like Al-Queada, Bloggers made things like the Hamas get an A- rating, just because of the CC used
http://abcnews.go.com/Blotter/business-bureau-best-ratings-money-buy/story?id=12123843 <--- In the vid, Skip to 2:17 or 4:17 or 7:20 for the juicy parts
And around 8mins the guy runs from the interview
Seriously, Total scam.

BFL are a bunch of FRAUDS who used False Advertising to Con people into being pseudo investors with no benefits.
"PRODUCTS ARE IN THE FINAL STAGES OF DEVELOPMENT!, SHIPPING NEXT MONTH!" x7 <-- Seriously, They changed the ad banner itself about seven times, Changing the month each time

[Dimrain13]

I got mine Idk what the problem is for you..

[WastedLTC]

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Running through the numbers at Bitcoinx's calculator (http://www.bitcoinx.com/profit/)

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Check http://mining.thegenesisblock.com/

If you have one now - It pays off in a few months ... then electricity costs come back to bit you.

We all need BTC/fiat to go up of we're losing money.  Seems to me the minings days are behind us and the trading and business development days are upon us.

Sorry, the calculator has a bug.  Wait til tomorrow and run the same thing.  you will see nothing but red for BFL units.  (Wait for the next difficulty change then look again)

Tomorrow after the diff increase select any BFL product and chose SEPTEMBER delivery.  You'll see that you will never recover your money

There ya go...  difficulty just changed and now check out mining.thegenesisblock.com ... 94% difficulty increase per month!  BFL units are officially dead.  Get your refunds immediately.

[Sitarow]

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Running through the numbers at Bitcoinx's calculator (http://www.bitcoinx.com/profit/)

...

Check http://mining.thegenesisblock.com/

If you have one now - It pays off in a few months ... then electricity costs come back to bit you.

We all need BTC/fiat to go up of we're losing money.  Seems to me the minings days are behind us and the trading and business development days are upon us.

Sorry, the calculator has a bug.  Wait til tomorrow and run the same thing.  you will see nothing but red for BFL units.  (Wait for the next difficulty change then look again)

Tomorrow after the diff increase select any BFL product and chose SEPTEMBER delivery.  You'll see that you will never recover your money

You can check out the details posted here https://bitcointalk.org/index.php?topic=273264.msg2929060#msg2929060

[darkmule]

Because the BBB itself is a scam
http://bbbscam.net/
No Seriously, im not fucking around, im not kidding, im not stretching the truth, im not under a tinfoil hat and what im saying isnt speculation or FUD.
Marketplace (the show) and ABCnews did a pretty good job exposing them

Trufax.  I'm not sure if the BBB was ever anything other than a scam, but that's what it is now.  Basically, they operate by bribery (you have to pay them to get a good rating) and extortion (you get a bad rating if you don't).  It can still potentially be useful to file complaints with them just to hassle the target, but the BBB should never be used as a source of reliable information.  Many outright scams (way worse than BFL) have an A- or A rating.

[BumperCars]

They have shipped units, how is it a scam lol

[becoin]

They have shipped units, how is it a scam lol

At the beginning of his "business" Charles Ponzi had also paid high yields to some of his customers. He had even paid after one month, not after one year lol

In his last interview he justified what he did this way:
"Even if they never got anything for it, it was cheap at that price. Without malice aforethought I had given them the best show that was ever staged in their territory since the landing of the Pilgrims! It was easily worth fifteen million bucks to watch me put the thing over."

[FUKT]

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Running through the numbers at Bitcoinx's calculator (http://www.bitcoinx.com/profit/)

...

Check http://mining.thegenesisblock.com/

If you have one now - It pays off in a few months ... then electricity costs come back to bit you.

We all need BTC/fiat to go up of we're losing money.  Seems to me the minings days are behind us and the trading and business development days are upon us.

Sorry, the calculator has a bug.  Wait til tomorrow and run the same thing.  you will see nothing but red for BFL units.  (Wait for the next difficulty change then look again)

Tomorrow after the diff increase select any BFL product and chose SEPTEMBER delivery.  You'll see that you will never recover your money

September gives a slight ROI, so I guess the fanboys will be happy about that. October is dismal,  I feel for BFL customers. I honestly cant believe how anyone could be giving positive reviews of this company in the slightest.

[MooC Tals]

I think he's looking for another job?

[Clowil]

BFL was a bad horse in our gold rush race. Now it seems Avalone as well wasn't right pick (chips delays). Current winners appear to be Bitfury and KnC.

[Meizirkki]

BFL was a bad horse in our gold rush race. Now it seems Avalone as well wasn't right pick (chips delays). Current winners appear to be Bitfury and KnC.

Yeah. Neither which have delivered. Winning. A lot.

[nbtcminer]

KnC / BitFury = WINNING ? lol.

I highly recommend that any new BTC miners only buy hardware that is ready to be shipped out (i.e. 3-5 business days) and do not pre-order any ASIC equipment from any vendor (Hint: No one at all is selling ready to go hardware with the exception of ASICMiner). It is simply put not worth it at this point in time and you'd be better off buying BTC and sitting on it for value appreciation.

P.S / Disclosure:

I ordered a BFL SC Single back in June of 2012 and did receive my order last week. It is not a scam but I would advise applying some common sense when investing into a new order today.

[creativex]

I ordered a BFL SC Single back in June of 2012 and did receive my order last week. It is not a scam but I would advise applying some common sense when investing into a new order today.

I was with you until you typed that. How do you figure it's not a scam when you were told you'd receive your order in October, November, December of 2012 and you instead received it in August of 2013...some nine months late?

[millsdmb]

I ordered a BFL SC Single back in June of 2012 and did receive my order last week. It is not a scam but I would advise applying some common sense when investing into a new order today.

I was with you until you typed that. How do you figure it's not a scam when you were told you'd receive your order in October, November, December of 2012 and you instead received it in August of 2013...some nine months late?

Two more weeks =)

Off topic, anyone know what a mining patty is? Eligius has them listed as 'coming soon', but they were awesome about shipping BE's.

[Frizz23]

[SgtSpike]

KnC / BitFury = WINNING ? lol.

I highly recommend that any new BTC miners only buy hardware that is ready to be shipped out (i.e. 3-5 business days) and do not pre-order any ASIC equipment from any vendor (Hint: No one at all is selling ready to go hardware with the exception of ASICMiner). It is simply put not worth it at this point in time and you'd be better off buying BTC and sitting on it for value appreciation.

P.S / Disclosure:

I ordered a BFL SC Single back in June of 2012 and did receive my order last week. It is not a scam but I would advise applying some common sense when investing into a new order today.

+1!  The rewards are too slim now to risk pre-ordering mining machines.

[Trader247]

No they are not scam. Many peoples got their devices but they shipped lately.

[GpuLover]

When they started accepting pre-orders the BTC price was low. But when they are delivering the product it is high. So, I think they made huge money only accepting pre-orders.

[Trade4Profit]

When they started accepting pre-orders the BTC price was low. But when they are delivering the product it is high. So, I think they made huge money only accepting pre-orders.

They also accepted pre-orders when BTC was $200+.

[monbux]

heal the world