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[bitnumus]

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[Unacceptable]

So you don't need to click a link:


"11.08 the good the bad the ugly

« on: Today at 01:58:05 AM »



Chinese new year or new Chinese year year, this a bad time of year to relay on devices that reply so heavily on parts from countries that celebrate thew near years and the up coming spring festival. This based on other delays  on bout behalf has had us go back to the drawing board and figure our a realistic shipping date from these products.

We are ready to set a final - never again changing date for bASIC shipment and this will be between March 15th ad Marth 29.

All Domestic orders will receive free priory mail unless otherwise ungraded. Overseas customers have the opportunity for DHL shipping with will be much faster.

I strongly recommend both domestic and overseas customers to take us up on our hosting deal. This will get you the absolute cheapest electrical costs in the country and in hand you will have 24 managed care of your miners, not just the fact that over seas customers will not have to wait to clear customers to receive their packed it means they keep to enjoy mining right away and reap the benefits of the domestic customers who ordered at the same time. The 3d and most special part of the whole thing is the incredibly low electrical usual you will benefit from, we are talking the lowest electrical rates in the country. Something that will make the actual electrical usual of these devices which are very low to begin with completely meaning less!THIS IS THE REAL GAME CHANGER IN THIS MINGING GAME.

and I would be SO surprised if BFL can even been this date to begin with.

So yes no more messing around - I apologize for this un scene problems but i also give you an absolute final unchanging shipping dates via Express MAIL, DHL Express Overnight and USPS overnight is March 15-24 and I guarantee it will not be any slower than most of our competitors if ANY. Not the mention the fact that our overseas customers who decide to host at daves' managed datacetner will see first mining difficulty jump advantages in a worry free and completely managed environment with the absolutely lowest electrical usage rates in the world. No Joke. For thos of you who stay with us. YOU WONT REGRET IT

martch seems like a long way away but its really not and besides  i was not going to set another possibly uni obtainable date and than fall short. This is an ironclad guaranteed shipping date and I could my personal word and reputation on this date.  This is going to happen , as always our refund policy is wide open and until we go until assembly any customer is welcome to get a full refund at any time. I dont see any competitor releasing much faster than this if even before this date at all especially BFL.

Play this one smart my friends
Tom"

Thats really sad,but BFL may have a surprise like this for us too  

Does it look like he was drunk when he penned this post  

Edit: reminds of this scene from "Full Metal Jacket" 

http://www.youtube.com/watch?v=xnTU4dKpoB8

[Unacceptable]

Thanks for that, posting from tablet here and need to be quick, was easier to post up one place and repost the link.

No problem,just trying to keep things simple 

[Dhomochevsky]

Wondering if his account got hacked and someone else posted that in his name (judging by the disjointed nature of the writing). Also, wondering if he is just pretending that his account got hacked, to divert attention from some other stuff.

[greyhawk]

[Uglux]

Thats really sad,but BFL may have a surprise like this for us too  

It is not a surprise, if you see it coming :/

[jamesg]

That was a pretty unprofessional post with all of the typos and grammatical errors.

I hope Tom is feeling OK.

From the looks of the replies, bASIC customers are now revolting with statements of charge backs and refund requests.

https://www.btcfpga.com/forum/index.php?topic=954.0

[greyhawk]

Quotin' dis for the lulz

tl;dr cablepair shows up on IRC piss drunk and starts hollering and bellowing then banning dudes for asking questions.

[23:05:17] Guest79696 [~cp@cablepair.com] is now known as cablepair
[23:05:24] <cablepair> joe are you a customer
[23:05:33] <cablepair> whats your order #
[23:05:47] cablepair [~cp@cablepair.com] is now known as Guest86565
[23:05:54] <Guest86565> fuck brb
[23:05:54] <joe-> lulz
[23:07:47] Guest86565 is Guest86565!~cp@cablepair.com
[23:07:47] Guest86565's real name: BitcoinASIC.com
[23:07:47] Guest86565's channels: #btcfpga
[23:07:47] Guest86565's server: moorcock.freenode.net - TX, USA
[23:07:47] Guest86565's idle time: 0d 0h 0m 16s
[23:07:47] Guest86565's signon time: Mon Jan 7 15:19:48 2013
[23:07:47] Guest86565 is authenticated as cablepair
[23:07:47] Guest86565 WHOIS info from moorcock.freenode.net
[23:07:51] qwebirc78375 [6cad8228@gateway/web/freenode/ip.108.173.130.40] has joined #btcfpga
[23:08:27] Guest86565 [~cp@cablepair.com] is now known as cp
[23:08:38] ChanServ [ChanServ@services.] has set mode +o cp
[23:08:51] cp [~cp@cablepair.com] has set mode +o buzzdave
[23:09:03] <@cp> seriously
[23:09:08] <@cp> if your not a customer
[23:09:20] <@cp> i dont want to haer it
[23:09:31] <@cp> call me whatever you want
[23:10:14] <Devious1> Good to see you cablepair.
[23:10:32] <@cp> but ther are people in this bitcoin world that trut me with everyhting because they why my word is 100% legit
[23:11:10] <@cp> ive borrowed 100lks of dollars on nothing better than my reputation on irc and paid back more than once
[23:11:15] <MrTeal> Good to see you back Tom.
[23:11:16] <@cp> 100ks
[23:11:24] <@cp> im always back
[23:11:26] <@cp> probably is
[23:11:34] <@cp> idont alreayd have time to deal with irc
[23:11:38] qwebirc78375 [6cad8228@gateway/web/freenode/ip.108.173.130.40] is now known as Hawkwood
[23:11:42] <@cp> always
[23:11:53] <@cp> im always here
[23:11:55] <MrTeal> IRC isn't really that important, IMO.
[23:11:57] <arij> hey while your here can you clear up this CNY date mix up ?
[23:12:04] <MrTeal> More a place for people to bitch.
[23:12:11] <@cp> exactly
[23:12:20] <@cp> and thts why
[23:12:25] <MrTeal> Official updates on the forum are much more important.
[23:12:28] <joe-> yes  i am a customer. i use irc to vent instead of the forums
[23:12:53] <@cp> pm me your order number and I wont ban perm bam yopi
[23:13:05] <@cp> call me old school , im been on irc since the early 90s
[23:13:10] <@cp> you dont call me a liar in my own channel
[23:13:15] <@cp> unless you have a right to
[23:13:43] <kanoi>  Cool
[23:13:45] <@cp> now give me a few moments friends i have an important irc meeting
[23:13:46] <@cp> brb
[23:13:56] <arij> the date ...
[23:13:57] <arij> ?
[23:14:05] <arij>
[23:14:09] <@cp> you have an issue pm me
[23:14:13] <@cp> ill be here for a min
[23:14:22] <@cp> now i owe this person a meeting
[23:14:28] <@cp> ill bb
[23:14:35] <joe-> heh, i said we couldnt trust you...because you haven't kept your word on the forums. im just expressing the same opinion as those on the forums.
[23:15:59] <kanoi> lulz - backdown
[23:16:05] <@cp> order #?
[23:16:27] <@cp> ivew been on the furms for almost 3 years
[23:16:31] <@cp> how about you:
[23:17:32] <joe-> i've been there a couple of years, not very active. i won't give you my order #. i prefer to keep my real ident and internet presence separte. call me a coward if you will. privacy is imporant to me
[23:18:15] <@cp> ok so come back in about a month and see if im still a layer
[23:18:32] cp [~cp@cablepair.com] has set mode +b *!*@*.us-west-1.compute.amazonaws.com
[23:18:33] joe- [~joe@ec2-184-72-29-98.us-west-1.compute.amazonaws.com] has been kicked from #btcfpga by cp [~cp@cablepair.com]: joe-
[23:18:42] <@cp> liar
[23:18:44] <@cp> damn its late
[23:18:54] <@cp> 16 days working today
[23:18:58] <@cp> back to meeting...
[23:46:30] <MrTeal> Will there be an update today once you're done your meeting?
[23:47:15] <@cp> yes
[23:52:09] <MrTeal> Great. I think your customers would really appreciate it if you could give a little background on how we got to this point where the chips might cause a further delay.
[23:52:39] <MrTeal> Assuming that the news you got is that the chips will cause a delay.

[DeathAndTaxes]

Well this is going to get ugly.  Such a horribly bad announcement means that chargebacks/refunds (which were already going to increase significantly) are likely going to exceed cash on hand.  Then what?  I mean the not so hidden truth is all the ASIC companies have been operating a "fractional reserve" of sorts.  By spending some/all the pre-order funds to get product out the door they simply can't handle more than a certain % of refunds.  What happens when the number of requests exceed that %?  I don't know for sure but I think we are about to find out.

D&T rules of business (now available on amazon and kindle)

Rule Number 27:
Don't allow your CEO (or any company rep) release a incomprehensible press release while shit faced drunk and then go onto to get into drunken brawls with customers.  In some instances, it has been know to make a bad situation worse.

[Sigma]

It is too bad that another delay is happening for sure, but it seems that Tom is getting a bit more heat than deserved. Every company selling consumer ASIC's has had delays of some sort or another. Why is Tom specifically going to be going belly up while all the others can just coast along month to month? I am sure alot of this could be alleviated with some actual physical specs, pictures, or what have you.

[greyhawk]

D&T rules of business (now available on amazon and kindle)

I would buy this 

[Uglux]

BFL has more experience in selling disappointments with shiny newsletters, pictures of booze and stuff

[Phinnaeus Gage]

Basically, the USS Basic is taking on water and can't even run aground, for its captain's asea from dippin' in Pirate's rum.

The line is crossed here:

So far, everything fine.
No longer fine!

Is it just me, or is somebody trying to pull chips out of their ass?

[greyhawk]

So far, everything fine.
\/V\_______/\/V\_______/\/V\_______/\/V\_______/\/V\_______/\/V\_______/\/V\_______/\/V\_______/
No longer fine!

FTFY

[senseless]

but it seems that Tom is getting a bit more heat than deserved

Because the bar is higher. We expect what we get from BFL, we do not from bASIC. I've got units all around the board, with BFL and bASIC. I don't even check the BFL forums anymore because I know there will be no information. But, I expect information when I go to bASIC site due to the transparency that was promised and provided up to november.
 

[Phinnaeus Gage]

but it seems that Tom is getting a bit more heat than deserved

Because the bar is higher. We expect what we get from BFL, we do not from bASIC. I've got units all around the board, with BFL and bASIC. I don't even check the BFL forums anymore because I know there will be no information. But, I expect information when I go to bASIC site due to the transparency that was promised and provided up to november.
 

Prior to addressing the nation, President Obama...

[navigator]

During the winter months after my first 1200kwh, my cost is $0.044/kwh. Are they saying they can get cheaper electricity than that?

[Carlton Banks]

By spending some/all the pre-order funds to get product out the door they simply can't handle more than a certain % of refunds.  What happens when the number of requests exceed that %?  I don't know for sure but I think we are about to find out.

Can't remember the full details, but I think Tom had some investment cash from "prominent members of the Bitcoin community" prior to accepting pre-order money, which is not to say that he hasn't spent all of that and some of the pre-order capital too, but I don't think he was funding the whole venture entirely on pre-payments. Only he can tell us though.

Also, his post was pretty disjointed in fairness, but it's not like he hasn't always made the odd grammatical error or typo before, so it's not quite as indicative as you and everyone else is suggesting. The only ASIC rep to never make mistakes in their spelling and grammar has been Josh/Inaba/Eric Cartman's tea party, so I wouldn't necessarily use that as a reliable barometer of truthfulness. Still, I wouldn't want to be holding multiple bASIC orders right now, although let's all see how this one pans out. As it stands, there's still no ASIC project that are in a position to ship product, it's still just words on a page right now

[repentance]

This was posted on the bASIC forums.  It seems to suggest all customers should now be refunded automatically unless they notify bASIC that they want to keep their order.

By law, you must have a reasonable basis for stating that a product can be shipped within a certain time. If your advertising doesn't clearly and prominently state the shipment period, you must have a reasonable basis for believing that you can ship within 30 days.

If you can't ship within the promised time (or within 30 days if you made no promise), you must notify the customer of the delay, provide a revised shipment date and explain his right to cancel and get a full and prompt refund.

For definite delays of up to 30 days, you may treat the customer's silence as agreeing to the delay. But for longer or indefinite delays - and second and subsequent delays - you must get the customer's written, electronic or verbal consent to the delay. If the customer doesn't give you his okay, you must promptly refund all the money the customer paid you without being asked by the customer.

Finally, you have the right to cancel orders that you can't fill in a timely manner, but you must promptly notify the customer of your decision and make a prompt refund.

http://business.ftc.gov/documents/alt051-selling-internet-prompt-delivery-rules

Can't remember the full details, but I think Tom had some investment cash from "prominent members of the Bitcoin community" prior to accepting pre-order money, which is not to say that he hasn't spent all of that and some of the pre-order capital too, but I don't think he was funding the whole venture entirely on pre-payments.

Yep.

Also like the ModMiner quad this project is being partially funded by lenders in the Bitcointalk lending syndicate. We contracted a well known overseas company to provide us with a SHA256 hashing core that could be applied to Bitcoin mining, this company is one of the top design firms in the world when it comes to SHA256 IP cores. We leased what is called an RTL design which allows us to use any target ASIC process technology of our choice, once we had the core design we spent some money to have some made (this took some time) and turned those over to the hardware development team. We have two guys which I have no problem admitting are much smarter than I am who have come up with a working development board using multiple instances of the hashing core I indicated above. They have a very very (did I mention very?) primitive hacked together mining program that is being used to test, testing has been going on for about 2 weeks now with positive enough results that encouraged me to go public with our next generation of Bitcoin mining product. The hardware guys are still working on finalizing the pcb board design and there is a lot of firmware and software work that needs to be completed.

https://bitcointalk.org/index.php?topic=79637.msg1157886#msg1157886

[repentance]

Tom has sold his interest in bASIC.

I am selling my share in BTCFPGA and it is now going to be owned by a asian company that is 100% sure of a March Delivery.  if you are not interested in doing business with this company please feel free to filll out a refund request and we will refund your money is full. There is plenty enough money to make all of these refunds and I have been a pillar of this community for years, so please no panic. Anyone that wants a refund - they will receive one today. Please I ask you to please accept my apologize - if you can wait until March you will receive a superior ASIC mining device, if you lost your trust in me and my company than I dont blame you at all. But please understand I tried the best at the best of my ability and I can't take any of this anymore. I am not the right man for this job. Your new ASIAN benefactors will be online soon to greet you all and see where were are at and hopefully they can calm some of your nerves.

https://www.btcfpga.com/forum/index.php?topic=954.msg2804#msg2804