{BFL} Why The Monarch Might Just Work

[superduh]

i feel bad for OP for losing even MORE money

[crazyates]

People are complaining because they think that only the first people who ordered SC Singles will ever make a positive ROI. Wouldn't the same be true for these? The first people who buy these 2nd gen products will be the most profitable, but if you order 6 months from now (when they may or may not be shipping) you may or may not make a positive ROI?

If that's the case, why wouldn't people buy them now?

[kendog77]

People are complaining because they think that only the first people who ordered SC Singles will ever make a positive ROI. Wouldn't the same be true for these? The first people who buy these 2nd gen products will be the most profitable, but if you order 6 months from now (when they may or may not be shipping) you may or may not make a positive ROI?

If that's the case, why wouldn't people buy them now?

Because BFL is too unreliable and they are very dishonest to their customers. There is a lot of competition in ASIC mining hardware right now, so folks have choices. Why would I want to tie up money in BFL for who knows how long when there will likely be better options available before BFL manages to ship?

If BFL manages to deliver a 600 GHs product in 2013 that only uses 350W of power for $4680, the Monarch is a slam dunk. Given BFLs history, I'd say they have about a 1% chance of doing that and this is simply another pre-order money grab to keep them from going belly up.

BFL still hasn't managed to ship all of their June 2012 orders yet! Read that statement a few more times and let it sink in...

[k9quaint]

People are complaining because they think that only the first people who ordered SC Singles will ever make a positive ROI. Wouldn't the same be true for these? The first people who buy these 2nd gen products will be the most profitable, but if you order 6 months from now (when they may or may not be shipping) you may or may not make a positive ROI?

If that's the case, why wouldn't people buy them now?

The people who bought Singles would have done far better had they bought Avalon, ASICMIner, or even BTC from MtGox.
So that is what people should do, learn from their mistakes and buy from someone else or just get BTC from MtGox.
The only way BFL will give you ROI in USD is if Bitcoin is worth 10x by the time they ship. So cut out the middleman and just get the BTC up front.
If it doesn't increase by 10x, you are better off not having a BFL order.

[qwk]

Right now, they are in the tapeout process, so they are making some good progress.

I think I don't really go out on a limb if I call this "August tapeout" statement a lie.

[Bitcoinorama]

Right now, they are in the tapeout process, so they are making some good progress.

I think I don't really go out on a limb if I call this "August tapeout" statement a lie.

Will have to see, they facetiously have, err..."Two Weeks ^TM" (© Zerlan 2012).

[sgrunger]

Sonny Vleisides is the BFL CEO and a convicted fraudster, having been involved in a lottery scam of 25 million dollars that was ran by his father.
BFL have sold more or less 3000 Single units and haven't shipped any orders later than early July 2012.

Having said that, trusting BFL with your hard earned money is a very foolish decision to make.

[edit : Removed "Little singles" from my list and rephrase]

[fractal02]

Sonny Vleisides is the BFL CEO and a convicted fraudster, having been involved in a lottery scam of 25 million dollars that was ran by his father.
BFL has not shipped any Singles and Little Singles orders from anywhere after July 2012.

Having said that, trusting BFL with your hard earned money is a very foolish decision to make.

You sir are a liar ==>

https://forums.butterflylabs.com/blogs/bfl_jody/291-friday-saturday-august-16-17-2013-shipping-update.html

[millsdmb]

Sonny Vleisides is the BFL CEO and a convicted fraudster, having been involved in a lottery scam of 25 million dollars that was ran by his father.
BFL has not shipped any Singles and Little Singles orders from anywhere after July 2012.

Having said that, trusting BFL with your hard earned money is a very foolish decision to make.

You sir are a liar ==>

https://forums.butterflylabs.com/blogs/bfl_jody/291-friday-saturday-august-16-17-2013-shipping-update.html

within a range of 3 months, as they are still only shipipng at the Oct 1 2012 pay date.

You really want to nit pick that?

[Bicknellski]

Doesn't matter if it works. Matters when it ships and whether it even exists.

Boycott BFL. Simply the best way to avoid the 12 month waiting game.

[amencon]

People are complaining because they think that only the first people who ordered SC Singles will ever make a positive ROI. Wouldn't the same be true for these? The first people who buy these 2nd gen products will be the most profitable, but if you order 6 months from now (when they may or may not be shipping) you may or may not make a positive ROI?

If that's the case, why wouldn't people buy them now?

Answer seems a bit obvious but it's because the landscape of bitcoin ASIC manufacturing appears a lot different today looking forward a year than it did for the last year.  I think if any company delays shipment at this point for as long as BFL did with their last offerings then not a single unit of their offering will see ROI.  However if you do plan on ordering a Monarch FOR SURE then I suppose it's better to upgrade or buy it now rather than later.

Though I guess that's the answer (one of many) to why shouldn't people buy them.  In fact I'm sure many will pre-order Monarchs now regardless of how bad a decision that is.

[greyhawk]

they will package the impossible into a PCI/e GPU styled and sized device.

yeah, i noticed the pic of a gpu-like looking card.  what is that all about?

Alien technology.

http://silverunderground.com/2013/06/wake-up-bit-coin-is-an-alien-invasion/

[qwk]

Alien technology.

http://silverunderground.com/2013/06/wake-up-bit-coin-is-an-alien-invasion/

[johnyj]

You have to admit that BFL's announcement always hit right on the spot of consumer psychology, people first curse them, then place a lot of order at their website 

[Bicknellski]

You have to admit that BFL's announcement always hit right on the spot of consumer psychology, people first curse them, then place a lot of order at their website  

Caveat emptor is not a widely used frame of reference for those who "consume" BFL products. Rather than BFL targeting a consumer psychology it is more a targeting of the Bitcoin pathology (study of suffering), particularly of those who need consumer protection from the least scrupulous businesses in this community. The fastest way to get more regulation in Bitcoin is to continue to allow BFL to operate with little or no ethical foundation.

[User705]

The reason you will not get your product has a lot more to do with economics then technology.
https://bitcointalk.org/index.php?topic=276844

[tacoman71]

I will never order from BFL again unless they have a very compelling reason to buy from them; the monarch is somewhat impressive but not by alot. xCrowd seems more promising and they're cheaper.

[Xian01]

 I just realized we haven't heard anything about those hardware wallets BFL was pimping a couple trade shows ago.

 Wonder if that is going to ship before Monarch.

[k9quaint]

I just realized we haven't heard anything about those hardware wallets BFL was pimping a couple trade shows ago.

 Wonder if that is going to ship before Monarch.

Because that is exactly what I want to do. Put all my Bitcoin in a BFL device! 

[DeathAndTaxes]

I just realized we haven't heard anything about those hardware wallets BFL was pimping a couple trade shows ago.

 Wonder if that is going to ship before Monarch.

Because that is exactly what I want to do. Put all my Bitcoin in a BFL device! 

When you try to spend then the wallet continually reports it will be included in a block "in two weeks (TM)".