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witherworth (OP)
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April 13, 2013, 04:03:27 AM |
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I haven't heard much other than some BFL employee saying that they were only "revving up" for possibly demo boards... Has there been any news I've missed? I'm following the unofficial BFL_News twitter feed, but thats it. Also, I found this randomly and thought it hilarious, given the current situation: I have been trying for nearly 3 weeks to release over $26,000 from MTGox. Through miriad delays, lies and false promises, I am still unable to withdraw any USD from MTGox. I believe, though I have not tested, that I may be able to transfer the funds out via Bitcoins, but it would come at a cost of conversion. Which I have already paid twice in the past three weeks trying to get funds out.
At this point, I am absolutely sick and tired of the lying and BS that comes out of MTGox. Nothing honest is ever released on their blog, it's always missing important facts or contains outright falsehoods. Their customer service is a joke (I know, surprise!), and every time I contact them, they take days to get back to me... when they do it does not address the issue, but points to useless blog posts or gives excuses for actions taken or not taken.
After finally getting them to cancel the Dwolla withdrawals they had "pending" for over a week, they canceled just one of them, letting another $10,000 hang in limbo until I contacted them again. I requested that they do a wire transfer of the funds to my bank and that I would pay the fee on my side, even though they should cover all fees for holding on to my money for a week with no compensation or reasonable explanation. I got no response to this request, not even a denial.
I then converted the USD to bitcoins and sucked up the "fee" MtGox charges for the privilege of keeping my money indefinitely. After trying to find a suitable way to transfer the BTC out and convert it into fiat, it became clear that the charges to do so would be exorbitant, as all the exchange services are not setup to convert large amounts of BTC to fiat and their fee structure makes it impractical.
So, I went ahead, last night, and sucked up the exchange rate and lost several hundred dollars as well as the "fee" MtGox charges, again, and converted back to USD. I tried to initiate a wire transfer and lo-and-behold... MtGox no longer offers wire transfers.* Only Dwolla and OKPay. So now MTGox is offering a service to replace a wire transfer with Dwolla, which they can't seem to transfer even a nickle to, much less $26000. So now I have basically no way to transfer money out of MTGox, other than as, possibly, Bitcoins. To add insult to this injury, even "adding" a Dwolla account, which I have been using for months and month, goes into "Validation" status and will not, apparently, come out. As such, I can't even attempt a Dwolla transfer.
So now, they basically have had free use of my funds for nearly 3 weeks, with no compensation, besides the lies and delay tactics I've received so far and have eliminated that last possible method for me to get USD out of MTGox.
It's almost laughable how poorly managed MTGox is, or it would be if it were not for the fact that they are holding millions of dollars of users funds without any recourse. Unless these concerns are addressed and some reasonable explanation is offered, I will be moving all of my operations to another exchange. Yes, I realize I am a small fish in a large pond, but I am also suggesting that everyone else do the same. MTGox can not be trusted with your data, as they have shown through being hacked via methods that were detailed to them long before the hack took place. They are clearly showing that they can't be trusted with your funds, either, since they will not release funds in any usable manner (with the possible exception of BTC).
* EDIT - MTGox still offers wire transfers, it's just now called "Withdrawal Wizard"
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wojtek
Member
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Activity: 75
Merit: 12
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April 13, 2013, 04:14:39 AM |
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They are silent because if Bitcoin will crash (what is very likely) they will be fucked, or rather i should say their customers will be. BFL will be biggest failure in bitcoin history.
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witherworth (OP)
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April 13, 2013, 04:25:01 AM |
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They are silent because if Bitcoin will crash (what is very likely) they will be fucked, or rather i should say their customers will be. BFL will be biggest failure in bitcoin history.
Mrr... As a customer invester, I really hope they deliver something. I believe they have good intentions, just horrible, HORRIBLE execution. There were a lot of mistakes they made (and they admitted to making several), which is to be expected. However, I think they bit off more than they can chew and are struggling to get it all together. I'm sure they'll deliver.... eventually... |
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Inspector 2211
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April 13, 2013, 04:37:27 AM |
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They are not silent at all - today they released a promotional video on their website.
They are also preparing several dev units and were able to up the performance of Luke-Jr's unit to 34 GH/s.
While I am hear eager to receive what I ordered and prepaid 9 months ago, this is not the time to panic, nor is it a time to bitch and moan. If I want to hear bitching, I listen to my wife. If I want to hear moaning, I listen to "Bella", a trained professional.
In a nutshell: Good things come to those who wait.
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Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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April 13, 2013, 05:15:40 AM |
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Did I read the OP correctly? Is it possible to exchange BFL for Mt Gox in the text, whereupon it would read the same? Here, Josh is espousing the exact beef with Gox as a myriad of others have about BFL, yet he came here and called some of the naysayers cocksuckers.
Madness!
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Inspector 2211
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April 13, 2013, 05:37:42 AM |
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Just quoting a rumor heard in the BFL forum shoutbox. Maybe it was wrong. |
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witherworth (OP)
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April 13, 2013, 05:40:26 AM |
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Did I read the OP correctly? Is it possible to exchange BFL for Mt Gox in the text, whereupon it would read the same?
Yes, that quote I gave read very familiar to the hundreds of others posting that about BFL. I was actually looking for the MtGox blogs (googled: "mtgox blog") and his post was one of the first few hits. I find it entertaining how the tables have turned. |
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witherworth (OP)
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April 13, 2013, 05:43:47 AM |
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They are not silent at all - today they released a promotional video on their website.
They are also preparing several dev units and were able to up the performance of Luke-Jr's unit to 34 GH/s.
Just watched the vid... something seems fishy that all of a sudden they have a bunch of workers, when the reddit guy who did an unaccompanied tour didn't report many people actually working. While I am hear eager to receive what I ordered and prepaid 9 months ago, this is not the time to panic, nor is it a time to bitch and moan. If I want to hear bitching, I listen to my wife. If I want to hear moaning, I listen to "Bella", a trained professional.
In a nutshell: Good things come to those who wait.
I'm not bitchin, im not moanin. I've refrained from doing that for going on 9 months now. I've got a second month order that I'm waitin to receive. Sure hope the price figures out what it wants to do so that we can resume a somewhat steady mining setup. |
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pheaonix
Sr. Member
Offline
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
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April 13, 2013, 07:14:47 AM |
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Did I read the OP correctly? Is it possible to exchange BFL for Mt Gox in the text, whereupon it would read the same? Here, Josh is espousing the exact beef with Gox as a myriad of others have about BFL, yet he came here and called some of the naysayers cocksuckers.
Madness!
i was about to say the same thing. no contact.. holding money indefinitely without contact.. lies.. a mismanaged company losing money for their customers.. its almost like karma really exists |
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hardpick
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April 13, 2013, 07:52:58 AM |
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Just quoting a rumor heard in the BFL forum shoutbox. Maybe it was wrong. 30 GH +/- 10%  ?? |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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April 13, 2013, 10:48:38 AM |
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They are not silent at all - today they released a promotional video on their website.
They are also preparing several dev units and were able to up the performance of Luke-Jr's unit to 34 GH/s.
While I am hear eager to receive what I ordered and prepaid 9 months ago, this is not the time to panic, nor is it a time to bitch and moan. If I want to hear bitching, I listen to my wife. If I want to hear moaning, I listen to "Bella", a trained professional.
In a nutshell: Good things come to those who wait.
Anyone who is still waiting on PIRATE want to comment on the BOLDED statement above? ROFL!  |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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nagnagnag2
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April 13, 2013, 11:48:33 AM |
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This is a quote from the youtube video. As it turns out, they DO have something working: The only working product in this video is the laser engraver..
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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April 13, 2013, 11:59:14 AM |
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Cute, that is the single in the back row: Two mini single connected together with a water block  |
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ionux
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April 13, 2013, 02:14:19 PM |
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Just watched the vid... something seems fishy that all of a sudden they have a bunch of workers, when the reddit guy who did an unaccompanied tour didn't report many people actually working.
Guys, guys, guys! They were obviously off doing a team building exercise! It takes a lot of coordination to descend upon anything like a swarm of locusts and not get in each others' way. I hope they release a video of that, by the way. A swarm of 22 locusts... Can you imagine it??!? |
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witherworth (OP)
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April 13, 2013, 02:21:19 PM |
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Just watched the vid... something seems fishy that all of a sudden they have a bunch of workers, when the reddit guy who did an unaccompanied tour didn't report many people actually working.
Guys, guys, guys! They were obviously off doing a team building exercise! It takes a lot of coordination to descend upon anything like a swarm of locusts and not get in each others' way. I hope they release a video of that, by the way. A swarm of 22 locusts... Can you imagine it??!? Ah, makes perfect sense! |
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John Self
Member
Offline
Activity: 98
Merit: 10
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April 13, 2013, 02:28:23 PM |
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This is a quote from the youtube video. As it turns out, they DO have something working: The only working product in this video is the laser engraver..
The only piece of hardware they aren't selling. |
14GXJ3Q16PJNNF6v4iyxhvuhacuhvckMym
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itsgoldbaby
Full Member
Offline
Activity: 157
Merit: 100
Hello!
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April 13, 2013, 02:33:21 PM |
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Anyone know what the warranty was for the FPGA single? I emailed them about mine on Tuesday this week, the power supply died. Haven't received any helpful information at all in the forums either. Plus finding out I can't do an upgrade any more makes it even more of a facepalm for me. I received it on November 2nd 2012 I believe... warranty has to be good still right? |
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witherworth (OP)
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April 13, 2013, 02:37:24 PM |
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Anyone know what the warranty was for the FPGA single? I emailed them about mine on Tuesday this week, the power supply died. Haven't received any helpful information at all in the forums either. Plus finding out I can't do an upgrade any more makes it even more of a facepalm for me. I received it on November 2nd 2012 I believe... warranty has to be good still right? I thought they were claiming lifetime warranties, but only for tr life of their product, which they've had replaced for the past 9 months now. What's this about not being able to do trade ins? I though they've extended that offer for a while now. |
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