April 3 BFL ASIC update.

[opentoe]

New speed and pricing 

I thought that image was 'shopped. But no, that image is for real!

Oh, look, they won't specify power usage anymore. WTG BFL.

WTF is this? Are they actually going to FUCK all those pre-orders and try to scam more money out of people. Seriousy, if you ordered an SC for $1300 rated for 60 GH/s what the hell would you really get? ANYTHING? Dude, before they even come out with a proto-type they are already changing the product line up? Total failure here. Seriously.

[Bendex]

Let's assume worst case scenario BFL takes our money and runs.  Is there any chance we can get our money back in that situation?  Through any intermediary?

Do a little research and see how much all the people that sonny scammed got back.   you can expect 1000x that amount.

I don't understand what you mean

Without even doing the research, I'd say the people Sonny scammed got back 0, so the joke is 1000x that amount would be...0.

Dargo!!!!   Riddles are not fun if you give away the punch line.   How many greeks are there working at BFL?   Where is Josh in all those pictures of him on the web?   Has anyone asked Luke how many people he saw at BFL that seemed to be employees?

There's no point having lots of employees if none of them are smart enough to design a board that doesn't overheat.

[opentoe]

Let's assume worst case scenario BFL takes our money and runs.  Is there any chance we can get our money back in that situation?  Through any intermediary?

If things go wrong, BFL will declare bankruptcy.  Then the remaining assets will be distributed to creditors by a trustee, if there are any assets remaining.  Your chance of recovering your full "pre-order" in this event is extremely unlikely.

There is a reason that the FTC Consumer Protection division has "prompt delivery" rules.  Know your rights.  If the delay is longer than 30 days or indefinite, you are to be promptly refunded unless you have agreed that the delay is acceptable.

If you are having issues obtaining a refund from BFL, you may file a complaint with the FTC here:
https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en

Definitely saving this link for my last refund that I have on a group buy.

[Syke]

WTF is this? Are they actually going to FUCK all those pre-orders and try to scam more money out of people. Seriousy, if you ordered an SC for $1300 rated for 60 GH/s what the hell would you really get? ANYTHING? Dude, before they even come out with a proto-type they are already changing the product line up? Total failure here. Seriously.

That's so they don't have to honor long-term warranties. The pre-orders were all for Jalapenos, Little SCs, SCs, and MiniRigs and come with "lifetime" warranties. Lifetime being as long as the product is in production. Now there's a new line of products. All those "lifetime" warranties are now 1-year warranties.

[opentoe]

WTF is this? Are they actually going to FUCK all those pre-orders and try to scam more money out of people. Seriousy, if you ordered an SC for $1300 rated for 60 GH/s what the hell would you really get? ANYTHING? Dude, before they even come out with a proto-type they are already changing the product line up? Total failure here. Seriously.

That's so they don't have to honor long-term warranties. The pre-orders were all for Jalapenos, Little SCs, SCs, and MiniRigs and come with "lifetime" warranties. Lifetime being as long as the product is in production. Now there's a new line of products. All those "lifetime" warranties are now 1-year warranties.

But my dad ordered two SC's. He decided to pre-order them from the specifications on the product. 60GH/S was the specs. How are they going to send him two 60 GH/S units when they only make a 50GH/S?

[repentance]

But my dad ordered two SC's. He decided to pre-order them from the specifications on the product. 60GH/S was the specs. How are they going to send him two 60 GH/S units when they only make a 50GH/S?

They're honouring the advertised hashrate on old orders, even if they have to make up the difference by shipping multiple 30 GH units or throwing in some jalapenos.  It's new orders which will be buying a 50 GH unit (presumably because it's not cost effective for them to resolve the problem and produce a 60 GH unit).

Originally, they said that people could choose to wait for MK II if they didn't want to accept the existing units.  Not sure if that offer is still on the table given that the MK II units won't have the same hashrate as MK I.

[PulsedMedia]

Opentoe:
They also have working prototype(s), atleast according to BFL Josh/Inaba and Luke JR, who is independent developer (BFGMiner)
They indeed have promised to honor the sold hash rate, i would assume they will make it up with Jalapenos or multiple unit shipping. Which actually is good -> Multiple units is higher resiliency. For example if they give 2xLittle SC for those who ordered Single SC, if another fails, you only loose 50% instead of 100% of hash rate.

Dissecting the higher pricing

The effects are multiple fold:
- Early "investors" (ie. preorders, esp. early ones) gets a benefit over others by getting half price units which have higher hash rate (or equivalently multiple units per 1 unit) compared to someone buying today
- That same will also mean that preorder people will have higher returns for longer
- Active miners benefit over others due to current high BTC:USD exchange rate
- High margin might allow BFL to have on-stock products for fast/immediate shipment when backlog has cleared
- High margin also allows budget for starting next gen immediately after current gen is on distribution and backlog fully cleared (which i hope they don't even mention before first wafers are out of fab)
- Downside is network security -> way less units, with way less hash rate will be sold in total
- More downside in network security -> not many are willing to put down 1300$ as their first miner, so entry will be with 250$ Jalapeno not making up that much hash rate relative to other units
- If they go for higher availability with increased margins, newbie miners get online faster

Now they damn better start shipping within couple of months

[creativex]

Now they damn better start shipping within couple of months

Heck yeah! If BFL begins delivery in a couple months it'll be an even year from order date to delivery for some of those early investors. Now that's pro.

[DrG]

Now they damn better start shipping within couple of months

Heck yeah! If BFL begins delivery in a couple months it'll be an even year from order date to delivery for some of those early investors. Now that's procrastination.

[jayeeyee]

the 1.5THs isnt out of stock.  BFL simply cannot make it work cause they're a bunch of monkies over there.

[Red_Evil]

Yes .. i was confused how can any thing it isnt exist be out of stock

[Frizz23]

the 1.5THs isnt out of stock.  BFL simply cannot make it work cause they're a bunch of monkies over there.

Maybe it's because they banned private ownership of thermonuclear weapons? 

[aTg]

wasteful

[creativex]

wasteful

Meh. That's what you get when you're spending other people's money. See US Congress for reference.

[wtfvanity]

wasteful

Meh. That's what you get when you're spending other people's money. See US Congress for reference.

+1

[Matthew N. Wright]

the 1.5THs isnt out of stock.  BFL simply cannot make it work cause they're a bunch of monkies over there.

Maybe it's because they banned private ownership of thermonuclear weapons? 

This made me laugh so much. Thank you.

[creativex]

the 1.5THs isnt out of stock.  BFL simply cannot make it work cause they're a bunch of monkies over there.

Maybe it's because they banned private ownership of thermonuclear weapons? 

This made me laugh so much. Thank you.

+1

Frizz is a hoot. Plus Josh *HATES* him...which is a huge pro in my book.

[smoothie]

wasteful

See this was all part of the dog and pony show. Make it appear that you are in development of a product to specification and then when the truth comes out just plaster a sign that reads "OUT OF STOCK"

 

[smoothie]

the 1.5THs isnt out of stock.  BFL simply cannot make it work cause they're a bunch of monkies over there.

Maybe it's because they banned private ownership of thermonuclear weapons? 

This made me laugh so much. Thank you.

+1

Frizz is a hoot. Plus Josh *HATES* him...which is a huge pro in my book.

OMFG this is so funny.

see bfl is only good for ENTERTAINMENT VALUE. That's it.

[witherworth]

+1

Not sure where I'm going to get all the desk space required for my units with them being that size. Then again, I don't actually need to live in my apartment. Kind of wish I ordered the thermonuclear minirig before it went out of stock. I know a few fellas who would have enjoyed it.