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Author Topic: Is ASIC's a SCAM?  (Read 12421 times)
SLok
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October 23, 2012, 11:47:14 AM
 #61

i have heard many people saying that Butterfly Lab and the other manufactures who make ASIC's is a SCAM

and this could be true because there is no proof than even ASIC exist and no one has even has a picture of a ASIC

what you you all say about ASIC's?

First open your directory to learn the definition of ASIC.

Then continue reading those threads about BFL.

Hint : If I had purchased a BFL ASIC I would be tempted to discourage others to do the same and if I had not I would be jealous and would not be willing to accept the truth.


what truth. Huh Huh Huh.explane please.. i only need some facts ..

If you check the two picture you can easely see that the seposed jally board is excactly the board in the SC pic 90degree turned and fixed with some les parts mounted on the board just look at them for 5min compare and you see that i am right thats a fact it,s the same board only a day less worked on...they really suck .....
I think I see a difference on the side where the usb connectors are, minirig-board has a barrel type connector and a usb one, where the jalapeno prototype board has a (mini)-usb plus a usb one?

no way it easely bin made that way i m not here to troll BFL but this is again no evidence and it IS the same board even the letters are sandpapered off.. but just keep giving your money to this pithole .....
bfl said: "The second USB port is there in case your computer can not supply enough voltage over the primary USB port. It's kind of an added extra insurance and is micro-USB so you don't accidentally plug it in instead of the primary USB which will be used for power and communication.

Both ports can be swapped out for other power related components should we need to change the connector type to something else."

WARNING! Don't trade BTC with Bruno Kucinskas aka Gleb Gamow, Phinnaeus Gage, etc Laundering BTC from anonymous sellers, avoid!https://bitcointalk.org/index.php?topic=649176.msg7279994#msg7279994 #TELLFBI #TELLKSAG #TELLIRS WARNING! Darin M. Bicknell, a proclaimed atheist, teaching at the Jakarta CanadianMontessori School. Drop your kids there at your own risk! WARNING! Christian Otzipka - Hildesheim is a known group-buy scammer, avoid! WARNING! Frizz Supertramp, faker with dozens of accounts here! WARNING! Christian "2 coins to see SLOk's" Antkow, still playing his little microphone...WARNING! Slobodan "Stolen Valor" Bogovac, faking being a ProfessorWARNING!Marion Sydney Lynn, google him, errr her, errr.. and lol
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October 24, 2012, 11:00:19 AM
 #62

Guy who pre-ordered:  Of course ASICs aren't a scam, you're all just jealous of my anime hair >.>

Guy who didn't pre-order:  Of course ASICs are a scam, and being this is Bitcoin, I don't believe it until I see 6 confirmations <.<

edit:  i'm in for 270gh/s worth of cablepair's bASIC's, there won't be a rage bar big enough to contain my infuriated testicle hairs if they aren't real...
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October 27, 2012, 02:04:43 PM
 #63

There not real until I can buy one tomorrow Tongue

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.................Crowdsale - Sep 29th..................
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Liquid
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October 29, 2012, 12:33:23 PM
 #64

So is this BFL ?


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AndrewBUD
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October 29, 2012, 12:51:11 PM
 #65

nop this is bitcointalk.

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.................Crowdsale - Sep 29th..................
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squid
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October 29, 2012, 12:52:34 PM
 #66

So is this BFL ?



That image literally took a minute to load. I would suggest using imgur or some other more reliable image host.
jjiimm_64
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October 29, 2012, 02:02:20 PM
 #67

So is this BFL ?


so what if it is BFL,(which i think it is not).

as long as they make a device that hashes at 60G for 1200 bucks..  who cares what the building looks like

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October 29, 2012, 02:05:17 PM
 #68

"Application Specific Intergrated Circut" = A processor desgined to mine bitcoins.
ANYONE seriously believes that ALL the ASIC companies are All Totally full of shit?

Thats alot of Long Cons all banking on the exact same con to work.

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
sippsnapp
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October 29, 2012, 02:31:25 PM
 #69

My personal opinion is it was just a matter of time with the current bitcon environment that asics get developed, of course i expect scams but not the whole niche to be a scam.
I compare it directly to inventing baggers, with a little difference.
There are scenarios in my mind that would bring asic firms eventually into trouble.

1. An algho change, gues this would be pretty much the worst case.
1.1 An algho change that prevents asic mining and requires multi cpu cpu`s or some sort of ram thing i have read.
1.2 SHA broken - and algho change required lead to 1
2. To low production capabilities.
3. Unprofitable outlook, if for buyers the risk vs reward is not correct the devices simply not get bought.
4. The apple problem (yeah you got a great product but whats the next step, how can the company survive long term, what are innovations to be expected.)

What makes me wonder indeed is the future outlook, what is the outlook for these companies to be still here in lets say 5 years, what would they do then?

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crazy_rabbit
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October 29, 2012, 02:45:46 PM
 #70

My personal opinion is it was just a matter of time with the current bitcon environment that asics get developed, of course i expect scams but not the whole niche to be a scam.
I compare it directly to inventing baggers, with a little difference.
There are scenarios in my mind that would bring asic firms eventually into trouble.

1. An algho change, gues this would be pretty much the worst case.


Minus the possibility of SHA being broken, once ASICs are online in mass I believe it's pretty much impossible to change algo, as the vast majority of hash power will BE the ASICs, and you can't get the algo to change unless you get a majority of the nodes/miners to change as well. Hence, it will be sha forever from the ASICS point of view.

more or less retired.
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October 29, 2012, 04:42:29 PM
 #71

My personal opinion is it was just a matter of time with the current bitcon environment that asics get developed, of course i expect scams but not the whole niche to be a scam.
I compare it directly to inventing baggers, with a little difference.
There are scenarios in my mind that would bring asic firms eventually into trouble.

1. An algho change, gues this would be pretty much the worst case.


Minus the possibility of SHA being broken, once ASICs are online in mass I believe it's pretty much impossible to change algo, as the vast majority of hash power will BE the ASICs, and you can't get the algo to change unless you get a majority of the nodes/miners to change as well. Hence, it will be sha forever from the ASICS point of view.

Let me conter, you wouldnt say electric cars should not be invented because everybody bought gas cars and the manufacturers are focused on gas cars.
I would say, there could situations arise that are not expected or force to a change.
Yea this is all speculation but its pretty naive to ignore that.
The only thing that a situation like this would emerge is that there are probably ,for a shorter peroid where new asic devices get developed there might be less btc for sale in the exchnages. It doesent change the fact that there are 21 million btc to be mined.

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legitnick
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October 29, 2012, 07:07:20 PM
 #72

THE ASIC IS A LIE  Cheesy

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October 29, 2012, 07:46:38 PM
 #73

So is this BFL ?



Yes. That is the address they have been using, and it has the owner's name on the building.

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October 29, 2012, 08:06:04 PM
 #74

Yes this the Butterfly labs address and they repair building foundations, but just up the road is a bigger store that repairs Arcade machines and I'm guessing they hung around in there and got friendly with the electronics engineer and cooked up a plan to make loads of bitcoins?  Wink
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October 30, 2012, 12:53:18 AM
 #75

Looks legit.

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October 30, 2012, 07:51:49 AM
 #76

Looks legit.

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+1

@squid used ImageShack not sure why it takes so long to load i did have to re-size it, that might be why its slow

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November 01, 2012, 12:54:34 AM
 #77

Looks legit.

 Roll Eyes

Yep and they are going to get their production lines for SMT & assembly of >300 units a day in there?

Sorry if that is going to be the production facility, then boy have they got some surprises coming.

HC

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November 01, 2012, 01:19:54 AM
 #78

Quote
Seeing as how they "deliver" in... what was it?... 10 days?... you'd kinda expect they'd at least have a mock up prototype to photograph by now. Hell, they could paint an Apple TV black, lay a Jalapeno on the "Jalapeno" and stick circuitry from a TV remote and some christmas lights inside and it would still be more convincing than what they have now.

Correct me if I'm wrong, but you prototype an ASIC by building it as an FPGA first?(done) Then you find $millions in funding? (done)
Just saying BFL are more convincing on ASIC than their competition, what have they shown? Not even design images.
You risk little by waiting for it to come into stock, the pre-order will clear pretty fast if their 900 units a day quote on new equipment is true.

NOPE!!!

Twenty five years ago I worked on an ASIC design.

1. NO FPGA was used
2. NO it did not cost 'millions' it worked out at about 15,000 British pounds and an agreement to take Half a million pieces.
3. Taking a design from FPGA directly to ASIC, could actually result in a big disaster...... depending on if you use VHDL or Verilog.

HC

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November 01, 2012, 05:05:11 AM
 #79

NOPE!!!
Twenty five years ago I worked on an ASIC design.
HC

YOU like nobody else deserve this image macro.

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November 01, 2012, 06:54:52 AM
 #80



Obviously you have a comprehension problem.
Over 25 years ago I was a director of a company that worked opposite  Plessey Crypto in wavertree technology park Liverpool.

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