ttul
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Activity: 70
Merit: 10
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June 18, 2012, 08:41:55 PM |
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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.html1) 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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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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imsaguy
General failure and former
VIP
Hero Member
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Activity: 574
Merit: 500
Don't send me a pm unless you gpg encrypt it.
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June 18, 2012, 08:43:03 PM |
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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.html1) 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
Donator
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Activity: 448
Merit: 250
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June 18, 2012, 09:56:00 PM |
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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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LazyOtto
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June 18, 2012, 10:42:06 PM |
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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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TheHarbinger
Sr. Member
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Activity: 378
Merit: 250
Why is it so damn hot in here?
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June 18, 2012, 10:43:17 PM |
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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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LazyOtto
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June 18, 2012, 10:46:51 PM |
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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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dreamwatcher
Legendary
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Activity: 1064
Merit: 1000
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June 18, 2012, 10:47:30 PM |
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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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BitMinerN8
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June 18, 2012, 10:50:50 PM |
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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/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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Smoovious
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June 18, 2012, 10:55:09 PM |
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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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arklan
Legendary
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Activity: 1778
Merit: 1008
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June 18, 2012, 11:09:14 PM |
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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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i don't post much, but this space for rent.
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DILLIGAF
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June 19, 2012, 12:38:19 AM
Last edit: June 19, 2012, 02:12:27 AM by DILLIGAF |
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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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jjshabadoo
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June 19, 2012, 01:29:20 AM |
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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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1l1l11ll1l
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Activity: 1274
Merit: 1000
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June 19, 2012, 01:33:36 AM |
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With the website updated, and deliver in October this year, I think we're all set.
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rjk
Sr. Member
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Activity: 448
Merit: 250
1ngldh
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June 19, 2012, 01:34:23 AM |
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With the website updated, and deliver in October this year, I think we're all set.
Get ready for December ship dates!  |
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Definit
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June 19, 2012, 01:34:42 AM |
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With the website updated, and deliver in October this year, I think we're all set.
Performance: 3.5, 40 & 1,000 GH/s
1,000 GH/s  |
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Definit
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June 19, 2012, 01:36:10 AM |
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With the website updated, and deliver in October this year, I think we're all set.
Get ready for December ship dates! i thought they were taking orders in late aug. n shipping late October... it says "Availability".............. lol |
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1l1l11ll1l
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Activity: 1274
Merit: 1000
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June 19, 2012, 01:38:43 AM |
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With the website updated, and deliver in October this year, I think we're all set.
Get ready for December ship dates! December Ship *Announcements *Fixed lol |
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BinaryMage
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June 19, 2012, 02:43:14 AM |
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That's only been up for - at least a few weeks. You're a little behind the curve, I'm afraid. |
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sadpandatech
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June 19, 2012, 02:56:59 AM |
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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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