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Author Topic: [Archive] BFL trolling museum  (Read 68171 times)
ttul
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June 18, 2012, 08:41:55 PM
 #341

If they received any venture capital, they would have had to file an exempt distribution form with the SEC. They have not done this. A search for "Butterfly" in EDGAR reveals nothing of Butterfly Labs, Inc.

C'mon, guys, if you did a financing, let us know the details...

http://www.sec.gov/edgar/searchedgar/companysearch.html


We have officially announced our upcoming ASIC based SHA256 products today.  Here's the press release with most of the relevant details:

http://news.yahoo.com/butterfly-labs-announces-next-generation-asic-lineup-054626776.html

Note:  We're currently focused on the shipment of our Mini Rig product and won't be able to field questions for a few days but we'll be back with answers to any questions.

Kind regards,
BFL

Quote
1)    BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149

2)    BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299

3)    BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899

This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low?

You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line.

They pretty much guaranteed market dominance. Maybe they want these devices sent out to as many people as possible to protect the network sooner from the possibility of interference. With all the venture capital they have received they will want to protect their investment and that means protecting bitcoin.
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imsaguy
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June 18, 2012, 08:43:03 PM
 #342

If they received any venture capital, they would have had to file an exempt distribution form with the SEC. They have not done this. A search for "Butterfly" in EDGAR reveals nothing of Butterfly Labs, Inc.

C'mon, guys, if you did a financing, let us know the details...

http://www.sec.gov/edgar/searchedgar/companysearch.html


We have officially announced our upcoming ASIC based SHA256 products today.  Here's the press release with most of the relevant details:

http://news.yahoo.com/butterfly-labs-announces-next-generation-asic-lineup-054626776.html

Note:  We're currently focused on the shipment of our Mini Rig product and won't be able to field questions for a few days but we'll be back with answers to any questions.

Kind regards,
BFL

Quote
1)    BitForce SC Jalapeno: a USB powered coffee warmer providing 3.5 GH/s, priced at under $149

2)    BitForce SC Single: a standalone unit providing roughly 40 GH/s, priced at $1,299

3)    BitForce SC Mini Rig: a case & rack mount server providing 1 TH/s, priced at $29,899

This strikes me as very odd. You could make a much higher profit margin. Why on earth would you price these this low?

You seem to have delivered, if a bit tardily, so far, but this just leaves me stunned. Pricing this low cannot make any sense for your bottom line.

They pretty much guaranteed market dominance. Maybe they want these devices sent out to as many people as possible to protect the network sooner from the possibility of interference. With all the venture capital they have received they will want to protect their investment and that means protecting bitcoin.

For all you know, it was a DBA.

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wogaut
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June 18, 2012, 09:56:00 PM
 #343

If they received any venture capital, they would have had to file an exempt distribution form with the SEC. They have not done this. A search for "Butterfly" in EDGAR reveals nothing of Butterfly Labs, Inc.

C'mon, guys, if you did a financing, let us know the details...

Ah, the LargeCoin guy.  Haven't heard anything from you for quite a while. Maybe you can give us an update about YOUR state, preferably on YOUR thread?


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June 18, 2012, 10:42:06 PM
 #344

Note:  We're currently focused on the shipment of our Mini Rig product and won't be able to field questions for a few days but we'll be back with answers to any questions.

Kind regards,
BFL

How about also focusing on your shipment of singles that your website says takes 4-6 weeks to deliver. Your current shipping time is roughly around 70 days. Pretty sure 70 days isn't in your 4-6 week range. Can I get my F'ing singles sometime before ASICs come out......
Amen.
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June 18, 2012, 10:43:17 PM
 #345

Note:  We're currently focused on the shipment of our Mini Rig product and won't be able to field questions for a few days but we'll be back with answers to any questions.

Kind regards,
BFL

How about also focusing on your shipment of singles that your website says takes 4-6 weeks to deliver. Your current shipping time is roughly around 70 days. Pretty sure 70 days isn't in your 4-6 week range. Can I get my F'ing singles sometime before ASICs come out......
Amen.

But they already have your money, why the hell should the deal with you anymore?

12Um6jfDE7q6crm1s6tSksMvda8s1hZ3Vj
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June 18, 2012, 10:46:51 PM
 #346

But they already have your money, why the hell should the deal with you anymore?
Exactly.

I'll find it very bloody amusing, not, if I get the hardware from 'another' company which I put a purchase request in - with no money upfront required - a couple of days ago before I get the BFL single ordered a month ago.
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June 18, 2012, 10:47:30 PM
 #347

Note:  We're currently focused on the shipment of our Mini Rig product and won't be able to field questions for a few days but we'll be back with answers to any questions.

Kind regards,
BFL

How about also focusing on your shipment of singles that your website says takes 4-6 weeks to deliver. Your current shipping time is roughly around 70 days. Pretty sure 70 days isn't in your 4-6 week range. Can I get my F'ing singles sometime before ASICs come out......

Doesn't anybody find this statement strange in the sense of what does production/shipping have to do with PR?

Do they have their executives, PR and office staff on the floor putting rigs together, or in the shipping department packing boxes?
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June 18, 2012, 10:50:50 PM
 #348

Note:  We're currently focused on the shipment of our Mini Rig product and won't be able to field questions for a few days but we'll be back with answers to any questions.

Kind regards,
BFL

How about also focusing on your shipment of singles that your website says takes 4-6 weeks to deliver. Your current shipping time is roughly around 70 days. Pretty sure 70 days isn't in your 4-6 week range. Can I get my F'ing singles sometime before ASICs come out......

Doesn't anybody find this statement strange in the sense of what does production/shipping have to do with PR?

Do they have their executives, PR and office staff on the floor putting rigs together, or in the shipping department packing boxes?


Well I did notice this on their website: http://www.butterflylabs.com/jobs/
Quote
We’re currently seeking applicants for the following positions:

Engineer – Mandarin language skills  (Must live in Asia)
Engineer – North America
Communications Director – North America
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June 18, 2012, 10:55:09 PM
 #349

Do they have their executives, PR and office staff on the floor putting rigs together, or in the shipping department packing boxes?
Judging solely by the long delivery times? I'd have to guess... "No, they don't".

-- Smoov
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June 18, 2012, 11:09:14 PM
 #350

do we really have any idea how many "they" are? i've gathered other FPGA builders are pretty small, even singular.
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June 19, 2012, 12:38:19 AM
 #351

do we really have any idea how many "they" are? i've gathered other FPGA builders are pretty small, even singular.

Indeed and I believe in the case of ngzhang somehow managed to get hundreds of boards out the door as well despite that singular.
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June 19, 2012, 01:29:20 AM
 #352

The fact that anyone gave these guys their money upfront is ridiculous on its face. How greedy for the newest tech do you have to be to act as a funding bank for a start-up and not receive interest or an equity position.

Good business sense there bitcoin miners. Now people wonder why these guys don't give a shit about shipping times or any customer service whatsoever.

They would start caring very quickly if everyone stopped ordering from them, yet greedy miners trying to get an edge don't give a shit.
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June 19, 2012, 01:33:36 AM
 #353

With the website updated, and deliver in October this year, I think we're all set.

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June 19, 2012, 01:34:23 AM
 #354

With the website updated, and deliver in October this year, I think we're all set.
Get ready for December ship dates! Grin

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
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June 19, 2012, 01:34:42 AM
 #355

With the website updated, and deliver in October this year, I think we're all set.

Quote
Performance: 3.5, 40 & 1,000 GH/s
 



1,000 GH/s  Roll Eyes
Definit
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June 19, 2012, 01:36:10 AM
 #356

With the website updated, and deliver in October this year, I think we're all set.
Get ready for December ship dates! Grin


i thought they were taking orders in late aug. n shipping late October... it says "Availability"..............




lol
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June 19, 2012, 01:38:43 AM
 #357

With the website updated, and deliver in October this year, I think we're all set.
Get ready for December ship dates! Grin

December Ship *Announcements

*Fixed lol

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June 19, 2012, 02:33:08 AM
 #358

BitForce SC – FAQ

http://www.butterflylabs.com/bitforce-sc-faq/
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June 19, 2012, 02:43:14 AM
 #359


That's only been up for - at least a few weeks. You're a little behind the curve, I'm afraid.

-- BinaryMage -- | OTC | PGP
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June 19, 2012, 02:56:59 AM
 #360


That's only been up for - at least a few weeks. You're a little behind the curve, I'm afraid.

This part here read differently just yesterday;
4. When will the BitForce SC be available, and how fast are they?
Our ASIC based products ranging from 3.5 GH/s to 1,000 GH/s are currently scheduled for availability in late October, 2012.

By availability I'd assume they mean taking orders starting then.


Anyone wanna take bets on the first unit not shipping until Feb or later?

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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