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Question: When will Butterfly Labs (BFL) run out of money?
Within 6 months from now (October 2013) - 71 (40.8%)
Within a year from now (May 2014) - 21 (12.1%)
Dont't worry, they will be fine - 82 (47.1%)
Total Voters: 174

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Author Topic: When will Butterfly Labs (BFL) run out of money?  (Read 12057 times)
smoothie
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May 12, 2013, 10:27:09 PM
 #41

Please describe the ASIC design process in detail and the associated costs?  I would like to learn how you can burn through several million dollars in a few months.

Oh that's quite simple: Just ask them BFL Cowboys how they did it.

- always blindly trust your subcontractors
- do no Project Management at all
- waste money on (unnecessary) bullet runs
- go mass production (50.000 chips), then do a prototype, then figure out your design is borked, then redesign, ...
- make tons of boxes with fans, that you can all throw away because your devices need much bigger casings (because of heat issues)
- and the list goes on and on ...


Seriously dude, just ask BFL how to get from one big fail to the next big fail. And the next. And the next ...


 

Just this alone should deter any new customer from ordering with BFL.

Obviously they have no common sense when it comes to designing, prototyping, testing anything.

1. Build a ton of shit you think you will need.

2. Find out you dont need it anymore because your product is too fucking big.

3. Repeat 1 & 2.

So funny because Josh even eluded/hinted that they had a prototype in November of 2012 that was going to get FCC stamp of approval etc.

And to this day only < 40 Jally's shipped.

More delays, excuses.

I just noticed that if you look at my history of postings from January you will see that it was BLATANTLY obvious that BFL could not and would not be shipping anywhere near their estimates.

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May 12, 2013, 11:36:05 PM
 #42

Please describe the ASIC design process in detail and the associated costs?  I would like to learn how you can burn through several million dollars in a few months.

Oh that's quite simple: Just ask them BFL Cowboys how they did it.

- always blindly trust your subcontractors
- do no Project Management at all
- waste money on (unnecessary) bullet runs
- go mass production (50.000 chips), then do a prototype, then figure out your design is borked, then redesign, ...
- make tons of boxes with fans, that you can all throw away because your devices need much bigger casings (because of heat issues)
- and the list goes on and on ...


Seriously dude, just ask BFL how to get from one big fail to the next big fail. And the next. And the next ...


 

Just this alone should deter any new customer from ordering with BFL.

Obviously they have no common sense when it comes to designing, prototyping, testing anything.

1. Build a ton of shit you think you will need.

2. Find out you dont need it anymore because your product is too fucking big.

3. Repeat 1 & 2.

So funny because Josh even eluded/hinted that they had a prototype in November of 2012 that was going to get FCC stamp of approval etc.

And to this day only < 40 Jally's shipped.

More delays, excuses.

I just noticed that if you look at my history of postings from January you will see that it was BLATANTLY obvious that BFL could not and would not be shipping anywhere near their estimates.

Exactly. They sold vaporware knowing full well their product was neither fully designed or tested, which prompted a last minute redesign at our collective expense. Pretty fraudulent if you ask me to sell what you don't have for a year. Everything they do is sideways and unclear. I even started a "you suck" thread over there because apparently I can't even change my shipping address without sending a request to their customer service black hole, which has so far been 3 weeks ago now. Unbelievable.

Very, very amateur at best.

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May 13, 2013, 06:46:30 PM
 #43

In before all the BFL devices shipped thus far are just frankensteined Avalons.
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May 14, 2013, 04:26:43 AM
 #44

I just read about the CEO of Butterfly Labs being a convicted felon, pleading guilty to mail fraud of over $20 million.

What's worse, he strung his victims along by mailing some of them checks. The vast majority, however, lost money. See any correlation?

You've got to be kidding me with this company.

edit: https://bitcointalk.org/index.php?topic=110805.0
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May 14, 2013, 04:27:53 AM
 #45

link it.

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Schrankwand
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May 14, 2013, 10:25:31 AM
 #46

From the BFL Forum:

Quote
We are having some trouble with the new Single board and we are working through the issues now and should hopefully have a a resolution before the end of the week. Right now, the board is having trouble powering up the second bank of chips, so we are poking and prodding to figure out where the problem is and get it corrected. When we make a change to a board, we can have a revised board the next day, so it doesn't really set things back when we make revisions to an already existing board.
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May 14, 2013, 10:38:40 AM
 #47

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May 14, 2013, 01:55:16 PM
 #48

The story of this company seems more and more redicilous.

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May 15, 2013, 09:27:21 PM
 #49

It is indeed, "redicilous"   Shocked

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May 18, 2013, 08:25:13 AM
 #50

When BFL is firing and forcing refunds on their publicly vocal and frustrated early customers, it could be argued something is fundamentally amiss and should raise a red flag.
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May 18, 2013, 02:55:43 PM
 #51

I just read about the CEO of Butterfly Labs being a convicted felon, pleading guilty to mail fraud of over $20 million.

What's worse, he strung his victims along by mailing some of them checks. The vast majority, however, lost money. See any correlation?

You've got to be kidding me with this company.

edit: https://bitcointalk.org/index.php?topic=110805.0

Here's the latest summary in that post:
https://bitcointalk.org/index.php?topic=110805.640

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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