Butterflylabs Huge SCAM

[Zeta0S]

https://bitcointalk.org/index.php?topic=709700.0;topicseen

Byby BFL 

I don't speak dutch, haha. Could you just give me a summary of what's going on in that thread?

Something about they are chapter 11, whit proof.

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[DrG]

The more appropriate thread would be this one (warning, NSFW language and thread title):
https://bitcointalk.org/index.php?topic=150803.0

BFL took preorder money for Monarch from last August onwards.  They were supposed to start shipping the initial Monarchs in November 2013.  It's the end of July 2014 and they don't have a prototype that meets 90% of spec (currently it's getting about 360GH/s with lots of errors rather than 600GH/s).

Just a reminder for any new users to avoid that company at all costs (and I was a former customer regretfully).

[forsakenpnut]

Very intelligent scam sadly everyone fell for it. I am sad for all of you people who wanted to make legit money.

[blitzcrank]

So how many more suckers do we have here? lol.

BFL just recently bough a bunch of PR sites mentioning about their products and changed their articles to positive.

Good luck stopping them.

[hugs1BTC]

The more appropriate thread would be this one (warning, NSFW language and thread title):
https://bitcointalk.org/index.php?topic=150803.0

BFL took preorder money for Monarch from last August onwards.  They were supposed to start shipping the initial Monarchs in November 2013.  It's the end of July 2014 and they don't have a prototype that meets 90% of spec (currently it's getting about 360GH/s with lots of errors rather than 600GH/s).

Just a reminder for any new users to avoid that company at all costs (and I was a former customer regretfully).

I remember seeing BFL advertising the monarch late last year when I first got interested in bitcoin and though that it would likely be a bad dead at then current difficulty levels.

[ThomasCrowne]

BFL are a bunch of crooks as is evidenced with them purchasing that fella's negative blog documenting all of their shannagins and subsequently changing the content.

[DrG]

The more appropriate thread would be this one (warning, NSFW language and thread title):
https://bitcointalk.org/index.php?topic=150803.0

BFL took preorder money for Monarch from last August onwards.  They were supposed to start shipping the initial Monarchs in November 2013.  It's the end of July 2014 and they don't have a prototype that meets 90% of spec (currently it's getting about 360GH/s with lots of errors rather than 600GH/s).

Just a reminder for any new users to avoid that company at all costs (and I was a former customer regretfully).

I remember seeing BFL advertising the monarch late last year when I first got interested in bitcoin and though that it would likely be a bad dead at then current difficulty levels.

When the Monarch was supposed to be delivered (Dec of last year) the difficulty was just under 1 Billion (0.91 Billion).  Currently the difficulty is over 20x that at over 18 Billion. So 600GH/s back then would need to be 12TH/s now to make the same amount of BTC per day.  They're having trouble making 0.4TH/s reliably on their Monarchs right now.

Here's a post about them swapping the Buttcoin (a mockery of bad Bitcoin players) website:
https://xrptalk.org/topic/3395-buttcoin-site-bought-by-butterfly-labs/

[MooC Tals]

Seriously it's been over a year now that I have stopped paying attention to BFL and I come back and see they are doing the exact same thing.

Ripping off new people by letting them buy pre order and delivering it to them years later after the difficulty makes them worthless.

How do you guys keep buying their crap and complain later.

Big
Fucken
Liars

How much more evidence does one need? My lord and you all want to be free from the federal reserve and the tyranny of the system of crooks?

You can't even avoid the tyranny of BFL

Jeez I give up on you all

[Vortex20000]

Haha, they're still selling 50GH/s for $240+! LOL.

[DrG]

Seriously it's been over a year now that I have stopped paying attention to BFL and I come back and see they are doing the exact same thing.

Ripping off new people by letting them buy pre order and delivering it to them years later after the difficulty makes them worthless.

How do you guys keep buying their crap and complain later.

Big
Fucken
Liars

How much more evidence does one need? My lord and you all want to be free from the federal reserve and the tyranny of the system of crooks?

You can't even avoid the tyranny of BFL

Jeez I give up on you all

Well isn't there a failure of government when a company received over 500 FTC complaints, 1000 BBB complaints and has a pending class action lawsuit - all this for a company that still has gross revenues under $50 million.  There must be a lot of crime in KC for the State AG to be too busy to investigate BFL. 

[MooC Tals]

Seriously it's been over a year now that I have stopped paying attention to BFL and I come back and see they are doing the exact same thing.

Ripping off new people by letting them buy pre order and delivering it to them years later after the difficulty makes them worthless.

How do you guys keep buying their crap and complain later.

Big
Fucken
Liars

How much more evidence does one need? My lord and you all want to be free from the federal reserve and the tyranny of the system of crooks?

You can't even avoid the tyranny of BFL

Jeez I give up on you all

Well isn't there a failure of government when a company received over 500 FTC complaints, 1000 BBB complaints and has a pending class action lawsuit - all this for a company that still has gross revenues under $50 million.  There must be a lot of crime in KC for the State AG to be too busy to investigate BFL.  

They killed the last person that cared in gov on November 22, 1963. Anyone left is doing what they are told.

I will stop here or else I will just carry on and everyone will spiral into a tormenting depression.

[bangi]

This thread and many others should be like a notifcation post on the home page, so ever newbie knows whats up.

Once this gets buried again, every newbie out there are buying their crappy pre-orders.

Since BFL recently bough PR sites and edit the bad articles for their SEO.

[mblados]

Thanks God I never PreOrder from BFL. 
They should take their Site down by now!

[QuestionAuthority]

As long as there are fools with money BFL will survive.

[CraftingTable]

Oh fuck, my fried id an order the past month 

[Sonny]

I just noticed the monarch pre-order is now closed with a notice.

Sorry, at this time we’ve closed pre-orders as we’re expecting to start shipping products to the backlog of current pre-orders. Once we’re ready to ship new orders we’ll open up ordering again. We suggest you subscribe to our email list to be notified when products are ready for general order shipping."

So may be their customers will finally receive the miner, after a terribly long delay...

[MooC Tals]

I just noticed the monarch pre-order is now closed with a notice.

Sorry, at this time we’ve closed pre-orders as we’re expecting to start shipping products to the backlog of current pre-orders. Once we’re ready to ship new orders we’ll open up ordering again. We suggest you subscribe to our email list to be notified when products are ready for general order shipping."

So may be their customers will finally receive the miner, after a terribly long delay...

Nope I suspect they're creating hype by showing they're shipping (they have done this so many times) The people complaining will stop complaining and the ones waiting or undecided will try to order but can't.

Then they will ship a fraction of them to generate hype  and email all the ones who subscribed and offer them a deal or something they know will be a lie.

Every advert is a lie, They never give a straight answer or definitive delivery date and if they ever did they wont meet it and blame it on something out of they're control.

They don't give your money back! 
Just future equipment you never get a ROI and that will be late as well.
As long as they have your money and equipment they make money.


The reason why they give your equipment late is because they use it on their pool and make money.

Fact: BFL has never delivered a product on time. TO ANYONE in this galaxy.


I build mining machine for you send me money and I build it long time.

[Amitabh S]

Is this scam still going on?

[tmbp]

Why would an ASIC manufacturer actually sell a profitable ASIC (especially if they have enough time to mine themselves)?

Selling profitable ASICs only make sense if they are no longer profitable in a month tops. It's like buying a pound of gold for the price of an ounce of steel.

[Zeta0S]

Scam?
http://www.bitcoinupdate.nl/home/butterfly-labs-is-shipping-monarch-bitcoin-miners