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Author Topic: Butterfly Labs Delaying to mine?  (Read 493 times)
Cryptlexity
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March 24, 2013, 07:53:49 PM
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I was wondering if anyone else was suspecting that Butterfly Labs is mining and delaying customer orders? The massive spike in difficulty is suspicions, and I don't think people would suddenly start buying tons of gpus when asics are supposedly just around the corner. It could be spike in price caused a lot of people to bring their rigs out of retirement, that doesn't seem reasonable since the hashrate is higher then it was it the past. What do you think?

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muubam
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March 24, 2013, 07:57:43 PM
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I'm not going to speculate as to the recent prices of BTC, but I do know they can't use consumer goods before use, unless they're planning on just mining and cancelling all the orders lol
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March 24, 2013, 07:58:23 PM
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Cause...you know... avalon asics couldn't cause any of that, nope.
Cryptlexity
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March 24, 2013, 08:04:41 PM
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http://launch.avalon-asics.com/
The network should have only increased around 18000 g/hash since they shipped only 300 units. Would they be running a hundreds of units for themselves?
http://bitcoin.sipa.be/
Says the network has almost more then doubled since the new year.

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March 24, 2013, 08:09:35 PM
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I'm in the probably camp, if you look at their Eclipse MC pool you see 1000MH/s spikes around the time they were putting in the new chips in the test unit.

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March 24, 2013, 08:14:57 PM
 #6

It would be the greatest scam ever,
1. Use customer money to fund expensive ASIC R&D
2. Finish ASIC use to mine, keep delaying sales wait for everyone to refund,
3. Use mining to pay refunds, profit!

They essentially used customers money as a very cheap pretty much free loan.

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