oldbushie
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Activity: 94
Merit: 10
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September 29, 2014, 01:57:06 PM |
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Interesting...
Well, considering Josh has been the only higher-up employee to consistently interface with customers, I'm not too surprised. He always struck me as someone trying to save face and apologize for BFL's actions.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Lab_Rat (OP)
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September 29, 2014, 02:50:42 PM |
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I read something about BFL mass ordering pitchforks etched with a Y U NO SHIP meme on them...
I'm sorry but I wouldn't call Josh a white knight yet... I personally have seen otherwise.
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grnbrg
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September 29, 2014, 02:52:27 PM |
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I read something about BFL mass ordering pitchforks etched with a Y U NO SHIP meme on them...
That's been confirmed somewhere in the documents. I've seen pictures, too, but can't remember where.... grnbrg. |
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Lab_Rat (OP)
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September 29, 2014, 02:56:57 PM
Last edit: September 29, 2014, 03:52:20 PM by Lab_Rat |
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Also Josh technically lied in the deposition already. When asked about any aliases, he failed to mention inaba...
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oldbushie
Member
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Activity: 94
Merit: 10
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September 29, 2014, 03:10:46 PM |
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Also, I wonder if Josh's wife knows he was cheating on her every time he left town?
I must have missed that bit when I was scanning through the documents... |
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Lab_Rat (OP)
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September 29, 2014, 03:20:36 PM |
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Also, I wonder if Josh's wife knows he was cheating on her every time he left town?
I must have missed that bit when I was scanning through the documents... It wasn't in the documents... It was just in there that he's been married 6 years... |
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Lab_Rat (OP)
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September 29, 2014, 03:37:16 PM |
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I would like to point out that it is stated:
"We are in possession of the storage wallet that contains roughly 98 percent of the total funds."
With 910+ BTC accounted for in other wallets, that's a scary thought. My math shows 45k+ BTC hanging around in that wallet... So how many BTC did they not find that the higher ups have hidden...?
EDIT: He says total funds and 1.2M in USD is accounted for which could mean 200-250k BTC.
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M31
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September 29, 2014, 04:54:52 PM |
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It would be interesting to audit BFL's power consumption, at the business location and employees homes, and homes of relatives/friends. I'd bet there would be some pretty huge power bills that can't be accounted for, even after the admitted mining. Instead of following the money, they should follow the power consumption! And, to state the obvious: it feels like the lawyers don't quite have the same level of understanding of crypto that Josh does; I hope they are bringing some smarts on board! Like Josh said, they had 65nm equipment 6 months before shipping. Who knows how much they mined and kept at that point  |
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MrTeal
Legendary
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Activity: 1274
Merit: 1004
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September 29, 2014, 05:26:49 PM |
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Like Josh said, they had 65nm equipment 6 months before shipping. Who knows how much they mined and kept at that point I think he said that it was 6 months between getting chips for 65nm and shipping, which seems about right given the timelines. In a lot of ways, I think the Skype chat kind of vindicates BFL from some of the accusations of self-mining. The spinning and misrepresentation about deadlines is inexcusable (especially with regards to the tapeout of the 28nm chip), but from everything there it looks like these guys really could not get their products finalized and out the door in timely manner. |
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Lab_Rat (OP)
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September 29, 2014, 10:29:33 PM
Last edit: September 30, 2014, 02:27:34 AM by Lab_Rat |
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When I visited them late May early June 2013 they were mining with a significant amount of hardware. I'll give more detailed numbers in a few.
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Lab_Rat (OP)
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September 30, 2014, 02:32:52 AM |
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In late may 2013 the difficulty was 12,153,412 meaning the network hashrate was approx. 87TH/s. What I saw in the office there was capable of running at a minimum 5TH/s and that was what was sitting in the office. Some plugged in, some getting boxed up, and some being assembled. I find it hard to believe that was the only hardware they had readily available.
This would put them at 207 BTC per day if there was no additional hardware at all off site. I saw a few other things I didn't like as well...
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MrTeal
Legendary
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Activity: 1274
Merit: 1004
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September 30, 2014, 02:51:34 AM |
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In late may 2013 the difficulty was 12,153,412 meaning the network hashrate was approx. 87TH/s. What I saw in the office there was capable of running at a minimum 5TH/s and that was what was sitting in the office. Some plugged in, some getting boxed up, and some being assembled. I find it hard to believe that was the only hardware they had readily available.
This would put them at 207 BTC per day if there was no additional hardware at all off site. I saw a few other things I didn't like as well...
Was that the trip you sent out the first Single on? That would have been early June, just before they started shipping singles and were in the midst of shipping Jalapenos. Was that mostly Jalapenos or Singles? |
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Librecoin
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Activity: 1
Merit: 0
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September 30, 2014, 03:49:33 AM |
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Wow. Y U NO SHIP the Monarch I never ordered?
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Mindsync Miner
Member
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Activity: 69
Merit: 10
An independent miner.
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September 30, 2014, 05:38:16 AM |
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In late may 2013 the difficulty was 12,153,412 meaning the network hashrate was approx. 87TH/s. What I saw in the office there was capable of running at a minimum 5TH/s and that was what was sitting in the office. Some plugged in, some getting boxed up, and some being assembled. I find it hard to believe that was the only hardware they had readily available.
This would put them at 207 BTC per day if there was no additional hardware at all off site. I saw a few other things I didn't like as well...
This makes me question why you would order Monarchs from such a disreputable source. Hopefully we'll get refunded but who knows? |
You'll know me as dgiors in some other forums.
LTC: LWUQSovF76vTPoCnoH9NzfChX6dxQ6Qra7 BTC: 1MQLfiKA5A6goEiSwMdVyVvFw4YgCj489V
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Lab_Rat (OP)
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September 30, 2014, 06:38:17 PM |
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In late may 2013 the difficulty was 12,153,412 meaning the network hashrate was approx. 87TH/s. What I saw in the office there was capable of running at a minimum 5TH/s and that was what was sitting in the office. Some plugged in, some getting boxed up, and some being assembled. I find it hard to believe that was the only hardware they had readily available.
This would put them at 207 BTC per day if there was no additional hardware at all off site. I saw a few other things I didn't like as well...
Was that the trip you sent out the first Single on? That would have been early June, just before they started shipping singles and were in the midst of shipping Jalapenos. Was that mostly Jalapenos or Singles? There were hundreds and hundreds of Jallys and a couple dozen singles. The MRs weren't shipping yet but they had 3 WORKING prototypes there. |
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M31
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September 30, 2014, 06:45:14 PM |
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Can you submit this information to the FTC Lab_Rat? It sounds like something that could help their investigation. Pulling records of power consumption at the building may show when the gear was first mining -- considering it must have been running before you popped in.
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Lab_Rat (OP)
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September 30, 2014, 06:51:25 PM |
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Can you submit this information to the FTC Lab_Rat? It sounds like something that could help their investigation. Pulling records of power consumption at the building may show when the gear was first mining -- considering it must have been running before you popped in.
I can, and it may help with the lawsuit I'm bringing on them for the company as well as helping with the class action through wood law firm. |
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Doff
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October 01, 2014, 05:58:30 PM
Last edit: October 01, 2014, 07:03:56 PM by Doff |
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Lab_Rat did you get my last pm about the last payout?I know its only like .01 but I want it dammit  Nm its there, apparently had a lot of transactions that day and missed it. My fault |
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Lab_Rat (OP)
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October 02, 2014, 02:08:39 AM |
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Lab_Rat did you get my last pm about the last payout?I know its only like .01 but I want it dammit Nm its there, apparently had a lot of transactions that day and missed it. My fault There is a lot of blockchain spam going on right now so if you get a single satoshi from someone... it's not me. |
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Doff
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October 02, 2014, 04:11:11 PM |
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Lab_Rat did you get my last pm about the last payout?I know its only like .01 but I want it dammit Nm its there, apparently had a lot of transactions that day and missed it. My fault There is a lot of blockchain spam going on right now so if you get a single satoshi from someone... it's not me. Yeah I got 3 of them, and one came to that Label, so I was like darn I got missed. Then I must have only saw the last payment from Lab_Rat and missed that days payment. What is with that spam anyhow? What could it potentially do that's useful, or harmful depending how you look at it? |
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