Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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August 18, 2013, 05:14:37 PM |
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BFL's main FAQ page is still showing that they accept PayPal: http://www.butterflylabs.com/faq/What methods of payment do you accept?
We accept PayPal, Bitcoins and Bank Transfer.
PayPal has a transaction limit of $10,000 US. I'm sure Josh or Jeff will take care of this first thing Monday morning upon reading Bruno's post. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Phinnaeus Gage
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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August 18, 2013, 05:32:50 PM |
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Can I get a refund on my order?
While we reserve the right to handle refund requests on a case by case basis, pre-ordered products are non-refundable as is clearly stated at the time of purchase. The reason for this is that pre-order funds are used in the build process which makes it impractical to reverse. It's also been observed that some small number of customers have placed orders as part of a bitcoin price hedging strategy which involves multiple requests to cancel and then re-enstate their orders as market conditions change. This has created an enormous customer service burden which is resolved by enforcing the all sales final policy.
But now, thanks to the magic of the internet, one can simply upgrade by canceling their previous order in lieu of an upgrade with ONLY a 10% processing fee which will be used to pay warehouse personal to toss the now unusable components of said previous yet-to-be-built miner into the dumpster. Also, isn't this a form of a HEDGING STRATEGY that BF Labs Inc. is trying to put an end to as stated in their FAQ? Every single person who upgrades is trying to hedge their investment. Madness! |
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xzempt
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August 18, 2013, 05:36:44 PM |
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this thread is getting ugly..... why does no one factor in a bitcoin price increase and only a difficulty increase on the charts....
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millsdmb
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August 18, 2013, 05:39:43 PM |
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this thread is getting ugly..... why does no one factor in a bitcoin price increase and only a difficulty increase on the charts....
It started ugly. |
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k9quaint
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August 18, 2013, 05:41:11 PM |
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this thread is getting ugly..... why does no one factor in a bitcoin price increase and only a difficulty increase on the charts....
If you are certain that Bitcoin is going to increase, you should just buy the Bitcoins from MtGox and get them immediately. Simple. No worres. Free profit. If you are not certain, then you shouldn't depend on an increase in BTC/USD exchange rate to bail you out.  |
Bitcoin is backed by the full faith and credit of YouTube comments.
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AsicShill
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August 18, 2013, 05:43:12 PM |
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this thread is getting ugly..... why does no one factor in a bitcoin price increase and only a difficulty increase on the charts....
Because price of BTC to USD is irrelevant. Only the BTC cost of miner vs BTC generated by miner. If you paid 10BTC worth of USD and the machine ultimately makes 8 BTC from mining due to difficulty growth... you would have been 25% better off at the end if you had just bought the 10 BTC directly on the open market, and held it rather than forking it over to a hardware company. |
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Phinnaeus Gage
Legendary
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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August 18, 2013, 05:43:25 PM |
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On BFL's FAQ page, you can see that the 1/3 program is still in place. Amazingly, there are early investors who upgraded due to the conning verbiage BFL used to have them do such, and have yet to receive their products, and after several attempts haven't been able to get an estimate from BFL as to when their product will arrive. Now, BFL is asking them to upgrade once again.
Madness!
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xzempt
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August 18, 2013, 05:50:55 PM |
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this thread is getting ugly..... why does no one factor in a bitcoin price increase and only a difficulty increase on the charts....
Because price of BTC to USD is irrelevant. Only the BTC cost of miner vs BTC generated by miner. If you paid 10BTC worth of USD and the machine ultimately makes 8 BTC from mining due to difficulty growth... you would have been 25% better off at the end if you had just bought the 10 BTC directly on the open market, and held it rather than forking it over to a hardware company. i agree to an extent.... but im willing to bet 75% of miners are hobbyists and dont factor ROI down to the exact costs.... I dont factor in my electricity because my computers run 24/7 anyway.... everyone says you'll never make a ROI on the usb block erupters.... I'm running about 60 of those, and 45 have paid for themselves in full with some jumping between pools for btc and ppc... |
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bcp19
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August 18, 2013, 05:52:26 PM |
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mark .
Qnosh, almost all your comments state 'mark', why?! He's a hairlipped dog? |
I do not suffer fools gladly... "Captain! We're surrounded!"
I embrace my inner Kool-Aid.
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millsdmb
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August 18, 2013, 05:53:24 PM |
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I dont factor in my electricity because my computers run 24/7 anyway....
If your GPU were running full throttle all day, it would use far more power than not. Just sayin |
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Phinnaeus Gage
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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August 18, 2013, 05:54:05 PM |
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Chip development is traditionally a 12 month process, so ASIC engineering teams have to be forward thinking in order to provide the best technology to the market. 28nm development began a long time ago. Yet, two weeks ago Josh was dissing 28nm technology. Here are the timeline milestones: Timeline milestones worked so well for Josh back in January of this year, they've opted to do it again. You can apply the purchase price of any undelivered product towards a 28nm product by paying a 10% transfer fee. That will close out your old order and credit your account towards the purchase of a 28nm Monarch pre-order. There it is again: You can't cancel your order due to your pre-order money was used to acquire parts to built your miner, but they will gladly toss them in the dumpster if you upgrade for only a 10% transfer fee. Madness! |
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Bogart
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Merit: 1000
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August 18, 2013, 06:00:43 PM |
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Choosing PCIe to be "data center ready" is funny.
Clearly the proper way to achieve this would have been to use a 19" rackmountable form. Then they could put whatever arrangement they wanted inside the case to achieve optimal cooling, density, etc.
Instead they're letting the end users deal with these problems. How many GPU rigs have you seen that are "data center ready"?
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"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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Starlightbreaker
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Activity: 1764
Merit: 1006
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August 18, 2013, 06:04:57 PM |
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and there's already an ebay listing, lol.
idiots these days.
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xzempt
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August 18, 2013, 06:06:09 PM |
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millsdmb
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August 18, 2013, 06:10:40 PM |
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at least there I can use paypal to get my money back in 45 days when it doesnt ship  |
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fractal02
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August 18, 2013, 06:12:25 PM |
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How many GPU rigs have you seen that are "data center ready"?
A lot my friend...a lot... 2 words for you : VMware + Catia. (for example...) There is a big Professionnal market about virtualization (GPU sharing) |
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vulgartrendkill
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August 18, 2013, 06:38:00 PM |
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So, they want to you to clear your undelivered product by purchasing one they haven`t even created yet?? Oh and charge you 10%
Pfft
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xzempt
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August 18, 2013, 07:12:43 PM |
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Bitcoin Difficulty
50,810,339
Next difficulty (estimate): 67,296,755
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millsdmb
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August 18, 2013, 07:14:00 PM |
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Bitcoin Difficulty
50,810,339
Next difficulty (estimate): 67,296,755
What's the ETA of 67.3M? |
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millsdmb
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August 18, 2013, 07:22:44 PM |
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thought I'd share Let me quote from the Monarch Website: "Institutional Pricing: If you would like to purchase 50 or more cards, please contact Dave McClain for institutional pricing: 913-710-4865" Well, Instead of calling Dave, I sent him a Email. ME Dear Dave,
I would love to see your quote for 77 units of the monarch BPU 600 c
Thanks in advance Daves reply: Christian,
There are no special pricing or quantity discounts. The price on the website is the same for 1 or 77.
--
With appreciation,
Dave
Butterfly Labs, Inc.
Account Manager
800-809-6463 (MINE) Ext. 101 my reply: What the fuck, seriously?
Let me quote the butterflylabs website:
"Institutional Pricing: If you would like to purchase 50 or more cards, please contact Dave McClain for institutional pricing: 913-710-4865"
and finally dave: My sincerest apologies. What time can we talk this week?
How stupid is that company? hilarious! |
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