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Author Topic: -- Butterfly Labs New 600GH "Mining Card" - RED FLAGS?!?!  (Read 46717 times)
vesperwillow
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October 25, 2013, 12:46:13 PM
 #481

They likely ordered everything up front in order to get volume discounts--then lost money with some of the issues they faced. The lost time then cost them more money, and the time/backlog/money issue spiralled things further out of control. You'd need more people to overcome the backlog, but wouldn't be able to hire them due to lack of money. Just tossing in 2 cents of thought on that one.

Inaba, I won't be buying a BFL Monarch or any BFL product from you guys, but I am curious to know if you guys expect to have any delays/issues at all with rolling out the Monarch, whether similar to the ones experienced with previous products, or perhaps not as bad. I'm just super curious and part of my hobby is analysis of the entire cryptcoin revolution. You can PM me an answer if you want. As a disclaimer, I won't reveal your response (if any) to anyone.

I'm just a curious cat.

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Updated ironic image.


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October 25, 2013, 12:57:44 PM
 #482

They likely ordered everything up front in order to get volume discounts--then lost money with some of the issues they faced. The lost time then cost them more money, and the time/backlog/money issue spiralled things further out of control. You'd need more people to overcome the backlog, but wouldn't be able to hire them due to lack of money. Just tossing in 2 cents of thought on that one.

Their mistakes are well documented:

  • Designing cases that were inadequate for ventilating the chips' heat output.
  • Ordering PSU's that were unable to match the power requirements of their units.
  • Designing cases and PCB's that require far too much human labour to assemble and test.

I'm sure there are more we don't know about. If they do have n thousand old Jalapeno cases sitting unused in their offices, then they are incompetent for designing and ordering a coffee warmer casing for a chip they didn't have a correct thermal simulation for.

Here's another bit of parlance:

http://en.wikipedia.org/wiki/Commercial_off-the-shelf

The truth is by denying refunds they took no responsibility or penalty for their catalogue of mistakes. They did a bad job and still got the money. That's not a free, open and competitive market place.

They can't even get their ads right:



"How are you justifying these as fair use?  They are clearly and unequivocally a copyright violation."
"I really want to know how you justify that under the fair use doctrine?  It does not conform to a single point of fair use."
Josh whining about people reusing his studio portrait shot on this forum. Can you copyright a copyright complaint? All Paypal refunds are final.
vesperwillow
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October 25, 2013, 01:31:39 PM
 #483

They likely ordered everything up front in order to get volume discounts--then lost money with some of the issues they faced. The lost time then cost them more money, and the time/backlog/money issue spiralled things further out of control. You'd need more people to overcome the backlog, but wouldn't be able to hire them due to lack of money. Just tossing in 2 cents of thought on that one.

Their mistakes are well documented:

  • Designing cases that were inadequate for ventilating the chips' heat output.
  • Ordering PSU's that were unable to match the power requirements of their units.
  • Designing cases and PCB's that require far too much human labour to assemble and test.

I'm sure there are more we don't know about. If they do have n thousand old Jalapeno cases sitting unused in their offices, then they are incompetent for designing and ordering a coffee warmer casing for a chip they didn't have a correct thermal simulation for.

Here's another bit of parlance:

http://en.wikipedia.org/wiki/Commercial_off-the-shelf

The truth is by denying refunds they took no responsibility or penalty for their catalogue of mistakes. They did a bad job and still got the money. That's not a free, open and competitive market place.

They can't even get their ads right:




LOL at the ad..

Yeah I'm not saying they didn't do any of the other stuff, I was just making a general analysis based on inference.

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October 25, 2013, 01:49:57 PM
 #484

Yes, BFL was late.  I've apologized for that numerous times.

Wow, an apology! How many BTC is that worth now that you're months late and difficulty is through the roof and the product you are delivering will never break even. You even said it yourself over a year ago...

I know, for my part, I would not want a device that runs at 200w at 60 GH/s - it would never see a positive ROI.

BTW, how's that "August 2013" tapeout coming along. Still going to make that date that you're still advertising on your webpage?

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October 25, 2013, 01:56:11 PM
 #485

I know, for my part, I would not want a device that runs at 200w at 60 GH/s - it would never see a positive ROI.


ROFL @ that quote.
At least Inaba was correct saying that those 300+W 60GH (BFL) devices are not gonna make a lot of their customers a positive ROI. He predicted that quite accurately, give the man some credit Smiley
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October 25, 2013, 01:57:39 PM
 #486

You know.. that or the fact that BFL is actually delivering product and has delivered more product than everyone else combined several times over.  Yeah... one or the other.  Gosh I wonder which one.

I know, for my part, I would not want a device that runs at 200w at 60 GH/s - it would never see a positive ROI.


You are delivering what did you say more product than anyone else of a device that will never see a positive ROI. Oh yeah I thought that is what you said.
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October 30, 2013, 12:04:37 AM
 #487

Where's that dirty cockroach.....
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October 30, 2013, 12:12:10 AM
 #488

Inaba, I won't be buying a BFL Monarch or any BFL product from you guys, but I am curious to know if you guys expect to have any delays/issues at all with rolling out the Monarch, whether similar to the ones experienced with previous products, or perhaps not as bad. I'm just super curious and part of my hobby is analysis of the entire cryptcoin revolution. You can PM me an answer if you want. As a disclaimer, I won't reveal your response (if any) to anyone.

Given the source why would you expect an honest answer?   BFL continually lied to their paying customers, the ones who's capital allowed BFL to even exist.  They lied over and over about shipping timeline for over a year.  This goes beyond just delays.  When you say you will be shipping in Nov (after a 6 month delay) and you don't until the following summer only a fool would believe they weren't lying.  Every single estimate, deadline and timeline was completely divorced from reality.   Would you expect anything differently now.

"Monarch is on track" = "We never had any chance of shipping before Feb and now that has slipped to March of course some unexpected problem will happen pushing it into April and even once we start shipping ongoing issues will drag deliveries out through July". 
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October 30, 2013, 12:20:15 AM
 #489

To take your car analogy further, the dealer offered to refund your purchase price up until the time they actually started to manufacture your car.  So... if you "grin an bear it" you did it of your own volition, since you could easily have walked away at any time. Yes, BFL was late.  I've apologized for that numerous times. But the fact of the matter is, people could have elected to get a refund at any time up until we started to manufacture products in bulk and started to spend the pre-order money on product manufacturing.

Doesn't matter. You have to refund until you ship. Too bad your customers can't manage to organize and sue you.

Quote
You neglected to mention the fact that nothing illegal has transpired, either... but, we all know you can't tell the truth and are a consumate liar and troll, so that's not really surprising that you'd leave a relevant fact like that out.

Except for the illegal denial of refunds prior to shipping.

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October 30, 2013, 12:31:57 AM
 #490

Yes, BFL was late.  I've apologized for that numerous times.

Wow, an apology! How many BTC is that worth now that you're months late and difficulty is through the roof and the product you are delivering will never break even. You even said it yourself over a year ago...

I know, for my part, I would not want a device that runs at 200w at 60 GH/s - it would never see a positive ROI.

BTW, how's that "August 2013" tapeout coming along. Still going to make that date that you're still advertising on your webpage?

Be still my beating heart......He aknowledged some fault upon his part ....

This is truly a red letter day ....maybe he is getting to the 5th stage of grief ...as BFL is a cancer on this community  Cool

Oh yeah ..I forgot to say FUCK YOU Inaba...you are a cunt and you deserve everything that you are going to get coming to you

OBJECT NOT FOUND
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October 30, 2013, 01:05:33 AM
 #491

Yes, BFL was late.  I've apologized for that numerous times.

Wow, an apology! How many BTC is that worth now that you're months late and difficulty is through the roof and the product you are delivering will never break even. You even said it yourself over a year ago...

I know, for my part, I would not want a device that runs at 200w at 60 GH/s - it would never see a positive ROI.

BTW, how's that "August 2013" tapeout coming along. Still going to make that date that you're still advertising on your webpage?

Be still my beating heart......He aknowledged some fault upon his part ....

This is truly a red letter day ....maybe he is getting to the 5th stage of grief ...as BFL is a cancer on this community  Cool

Oh yeah ..I forgot to say FUCK YOU Inaba...you are a cunt and you deserve everything that you are going to get coming to you

Bhahahhaahaaaa.

From your mouth to God's ears.

If just one guy here finds the next Bitcoin we should be able to organize and put the beast, BFL, and all the animals running the beast, out of its misery and go after all their ill-gotten gains with a nice civil lawsuit.  And maybe that will bring enough attention to the matter that the Attorney General pushes for criminal charges.  I don't care what anyone says - people were outright robbed and denied refunds long after they paid with no shipments. 

That's illegal - that is fraud.  Time to lawyer up bitches, you know it's only a matter of time.


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October 30, 2013, 05:33:59 AM
 #492

Oh, look.


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erk
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October 30, 2013, 05:46:28 AM
 #493

Oh, look.



http://bbbscam.net/

people in glass houses....
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October 30, 2013, 06:10:11 AM
 #494

Oh, look.



Yup... it should be an F stay on F.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
vesperwillow
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October 30, 2013, 02:10:41 PM
 #495

Given the source why would you expect an honest answer?

I didn't expect any answer at all, I just figured it would be a shot in the dark.

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October 30, 2013, 04:07:10 PM
 #496

Oh, look.



Yup... it should be an F stay on F.
Oh look, Thats the SECOND TIME it's been an F, just wait till they pay the BBB again to remove the rating and set them back to default

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
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October 30, 2013, 05:43:16 PM
 #497

This is Josh and interview about his new mini rig at CES : http://www.youtube.com/watch?feature=player_detailpage&v=C4SnUObMd0o#t=40

Sorry! Couldn't resist...

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October 30, 2013, 06:31:51 PM
 #498

This is Josh and interview about his new mini rig at CES : http://www.youtube.com/watch?feature=player_detailpage&v=C4SnUObMd0o#t=40

Sorry! Couldn't resist...


Hahahahaaaaaa.  Oh shit, I really thought that was Josh until halfway through.  Oh man, that made me laugh so hard.

It's not fair, this guy has some class, a sweet hairstyle and an actual product to sell.  

Josh the Troll is [far] beneath this guy.


The Original Bitcoin Clone:  www.IXcoin.net
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October 30, 2013, 06:41:53 PM
 #499

I hope Josh the Troll stole enough money by not refunding payments [when they were demanded] to at least get some nice hair plugs.  Cause he's got nothing else going for him where he's going if people manage to get organized.


The Original Bitcoin Clone:  www.IXcoin.net
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October 31, 2013, 01:42:50 AM
 #500

This is Josh and interview about his new mini rig at CES : http://www.youtube.com/watch?feature=player_detailpage&v=C4SnUObMd0o#t=40

Sorry! Couldn't resist...


Hahahahaaaaaa.  Oh shit, I really thought that was Josh until halfway through.  Oh man, that made me laugh so hard.

It's not fair, this guy has some class, a sweet hairstyle and an actual product to sell.  

Josh the Troll is [far] beneath this guy.

Spot on! You best me to it :-)

Funny how quiet the cockroach is lately hey!

Great vid
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