BFL current state of affairs

[mezzomix]

Well, most "miners" are not miners but hashing power sellers. There are only a few miners: Pool operators, P2Pool miners and solo miners. The rest has nothing to do with bitcoin mining - they have no vote.

[FUKT]

Well, most "miners" are not miners but hashing power sellers. There are only a few miners: Pool operators, P2Pool miners and solo miners. The rest has nothing to do with bitcoin mining - they have no vote.

You understand what I mean though.

[vulgartrendkill]

Agreed.

The entire eco system depends on people buying things with bitcoin, and the main reason I am mining is to re invest my BTC in business that do just that.

The main barrier is popular opinion. My mum (who I told about my mining idea) didn't want to be involved because she was worried that it could be used for illegal purposes.  just type it into google and most of what you see will be bitcoin fraud this or illegal use that.

Until that perception changes, we are fighting a losing battle.   

I am trying to spread the good word, that bitcoin prices in relation to fiat are reasonably stable and therefore are a good investment.

[Syke]

The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

Care to back up such a claim with any sort of proof?

[Xian01]

The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

Care to back up such a claim with any sort of proof?

*mumbles something about delusions of grandeur*

[Kuroth]

LOL  I am Soooooooooooooooooooo  glad I got away from this Train Wreck of a company.    And got my Refunds(All of them too).  What a bunch of goofballs thinking they can tell me I cant get a Refund..  I just feel sorry for all the other Noobs over there that don’t know how to stand up for themselves..

[JimiQ84]

Josh reminds me of Joseph Goebels after year 1943 :-)

[joeventura]

But honestly, whatever is in the backlog will never make ROI. It is a write-off folks. BFL had their window of opportunity but it has long since closed. Wonder if they are going to come out with Gen2 plans (and perhaps upgrade orders that have been in the queue for over 6 months) or just close up shop.

Someone doesn't understand how bitcoin mining works...

Someone doesn't understand how supply chain and fulfillment works otherwise you would not have predicted the end of September to clear 421 days of backlog in the remaining 33 working days (you don't work on weekends right) that you have between now and the end of September.

Here you are again making open ended statements without the next sentence.

[joeventura]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

It's like High School, show your work (math) or you get no credit.

[Inaba]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

It's like High School, show your work (math) or you get no credit.

Much like I told Flying Hellfish, once you become an adult, you will realize that reality (and the rest of the world) does not care about you.  Reality is what it is, you can accept it or deny it, but it will still be reality.  Nothing needs to be proven, no work needs to be shown.  You either accept reality or you deny it, the choice is up to you.  Reality doesn't care about you and what you believe, and just like I told Mr. Hellfish, neither do I. 

[mezzomix]

Reality?! I'm not happy with this, but I can accept that my BFL Single SC will never reach break even. What I absolutely cannot accept is, that I paid an express upgrade, the product is shiped with USPS and I did not get a refund of the upgrade price - is this your reality? Is your reality to defraud customers?!

[Xian01]

Much like I told Flying Hellfish, once you become an adult, you will realize that reality (and the rest of the world) does not care about you.  Reality is what it is, you can accept it or deny it, but it will still be reality.  Nothing needs to be proven, no work needs to be shown.  You either accept reality or you deny it, the choice is up to you.  Reality doesn't care about you and what you believe, and just like I told Mr. Hellfish, neither do I.  

 This man has a firm grasp on reality.

 We should listen to him. He knows what he is talking about.

[vulgartrendkill]

The problem is, Josh, that while you and your BFL colleagues may know the reality of the situation, those of us who have bank rolled your company do not, because you just won`t tell us.  You expect us to be content with riddles and pie in the sky shipping estimates.

Whilst at the same time, taking what seems like a hoiler than thou I know more than you do attitude towards us.

How do you expect to be seen as a respected company when you treat your customers with such disdain?

[Syke]

Much like I told Flying Hellfish, once you become an adult, you will realize that reality (and the rest of the world) does not care about you.  Reality is what it is, you can accept it or deny it, but it will still be reality.

The reality is that because of BFL's inability to ramp up production, out of the bitcoin network's 400 TH/s, BFL hardware is a minuscule portion.

[mezzomix]

I don't understand why you people constantly bash this company.  Cancel the order, get a refund if you don't like it.

Can you read and understand: I REQUESTED A REFUND FOR MY EXPRESS SHIPMENT UPGRADE!

What happened? BFL ignored my express upgrade and shiped with USPS and BFL ignored my refund request! BTW, BFL ignored my Jan 2013 refund request as well. You ask why people constantly bash this company. No wonder when they ignored and defraud their customers and do not deliver what they paid for.

[Kuroth]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

It's like High School, show your work (math) or you get no credit.

Much like I told Flying Hellfish, once you become an adult, you will realize that reality (and the rest of the world) does not care about you.  Reality is what it is, you can accept it or deny it, but it will still be reality.  Nothing needs to be proven, no work needs to be shown.  You either accept reality or you deny it, the choice is up to you.  Reality doesn't care about you and what you believe, and just like I told Mr. Hellfish, neither do I. 

Is this Used Care Salesmen still on here pimping Pintos?

[k9quaint]

BFL has bigger things to worry about than people who can do math adding up the shipped hash rate and realizing that BFL is not shipping much.

BFL got subpoenaed a few days ago by a regulator.
The Kansas AG is investigating BFL.
PayPal is pissed at BFL.
The FTC is investigating BFL.
The KC police department is investigating BFL.
Even Sonny's probation officer is sniffing around his latest investment scam.

Now that pre-orders are drying up, Josh is back trying to milk the last few dollars out of bitcointalk.

[Todamont]

I upgraded an order from a Jalapeno model to a Single SC model, back before the price raise. At the time, I SPECIFICALLY asked whether or not this would affect my place in line for shipping, and BFL told me in no unclear terms that it wouldn't. They lied to me. They are now shipping Jalas to people who ordered in LATE NOVEMBER, while my Single SC order dated late JULY is still far, far from being produced. They were on a contract with a LOT of people who depended on them to ship IN ORDER, which they completely failed to do. Now all the earliest, largest order-holders are watching their expected return dwindle to nothing, all the money they invested is going to people who ordered Jalas months after them.

In short: BFL is a scam. They are basically running an investment LOTTERY... BFL LIED TO ME AND THEY ROBBED ME. They do not respond when I write them asking for a refund. They banned me from their shoutbox.

This is what I see happening during September at BFL: at least one very large order-holder will ask for a refund on the order of six-figures, which they will deny. Then, they will be hit with a lawsuit from a high-powered law firm, and shut down during investigation by the FTC. Their executives will be arrested for investment fraud. The only people who will make any money are those who manage to get a device delivered by the end of August. All others will lose their entire investment in BFL.

[Unacceptable]

I just had to repost this 

Good luck getting your refunds!!!!!!!!!!!!!!

[sveetsnelda]

Who's deploying then?  The network hashrate seems to be going up in lockstep with the amount of hashrate we are shipping out, give or take a slight deviation.

I know some forum members who probably aren't on the same page as you, and I'm sure there are plenty more of these out there.