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Author Topic: [FAILED]Butterfly Labs 30 day countdown to the end of September  (Read 69436 times)
Bicknellski
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June 30, 2014, 12:40:02 PM
 #1001

Are we in need of a new clock for the Monarch?

I don't think the Monarch will launch.  It would be cheaper for BFL to buy Neptunes and partition off 600GH/s chunks for cloud mining.  I'm sure they could find something to do with all those chips...

They will not ship what they have already started mining. Simple as that... refunds will be converted as slowly as possible to cloud. That way the Ponzi scheme never collapses as the mining they are doing with the units props up the whole thing. Rinse and repeat scenario with the 65nm. Where did all the chips go? How many board versions now? O now... 15 revisions? I can only imagine where those chips are currently... and how they are hashing happy thanks to Luke Jr since what December 2013?

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armodilloben
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September 23, 2014, 07:36:30 PM
 #1002

Looks like the problem with BFL solved itself:

http://www.theverge.com/2014/9/23/6833047/bitcoin-conspiracy-theorists-vindicated-as-ftc-shuts-down-butterfly-labs

Zelek Uther
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September 24, 2014, 06:11:34 AM
 #1003

Are they finally getting some heat from the FTC or something?
Yes, finally.

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September 25, 2014, 01:50:15 AM
 #1004

Are we in need of a new clock for the Monarch?
We may need clock buffers.

In light of new information, said clock buffers may be insufficient.  Wink

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September 25, 2014, 02:15:05 AM
 #1005

In light of new information, said clock buffers may be insufficient.  Wink

Give it Two More Weekstm.

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September 25, 2014, 02:28:22 PM
 #1006

so, this year we counting down to the end of september again... This time http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/ I doubt we'll see monarch anytime soon. Good thing I didn't step on that same rake second time
Bicknellski
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November 20, 2014, 03:33:26 PM
 #1007

Bick... you're too hung up on asking about things I am not involved in, I'm not exactly on the board of directors nor am I an engineer working on the designs, so how could I know the answers to your questions? 

How would you know?

Maybe because you were working there?

Liar.

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November 20, 2014, 03:40:51 PM
 #1008

Here is exactly what he said:

by BFL_Josh ,6-03-2013, 05:06 PM
I would like to be through the backorder log and shipping out current orders within 90 days. No guarantees there, but I think we should be able to accomplish it.

#END QUOTE#

So his first swing at bat was "backorder log" not pre-order within 90 days of June 3rd (September 3rd) which will be a fail tomorrow.

So as I dissect word for word using your definition, Josh wanted to have all Backorders shipped by September 3rd.

Backorders are everything ordered up until September 3rd or am I twisting words again?
Of has this "A backorder is an order that cannot be currently filled or shipped" changed in meaning since your last posting?


As I am not Josh, I have no idea what he meant in terms of back-order log and current orders.  Since I did not order until Jun 5th, I did not expect my order to fall into that hope.

Since you are kind enough to have quoted it:  He starts with "I would like to be".  I don't see "We will"... do you?

He also mentions "No guarantees there".  But hey, he's given a timeline, it MUST be set in stone.

Right, but if he meant what YOUR definition is then you would expect your unit in September YES?

Listen, I get there are no guarantees in anything Josh says, in fact in my book the answer to the question:
How do you know when Josh is wrong?  Answer:When he communicates with customers.

Unlike others, I don't think he is a liar, I think he is incompetent.

I am just trying to light a fire under this sorry ass company. Do I expect them to even get to April 2013 on all product lines by the end of this month? Hell NO!  By October the stuff they will be delivering will be as close to paperweights as possible.


Time is of the essence despite Josh telling us that they are the only ones shipping stuff we know that is untrue and their products get more worthless with every passing day?
TBH, no, I never expected my order to be filled by Sept.  On Jun 5th, they were shipping Jalapenos from July the year before.  I had already looked at the spreadsheet where many users posted their orders and I knew that Mar/Apr encompassed over 50% of the totals orders including mine.  I mentioned elsewhere that I had sat down and looked at options.  The main question was one of "What can I reasonably afford?".  At that point in time, there were the occasionaly blade auctions for 50BTC, the USB erupters could be had for ~$250 ($400 if you had to use E-Bay) or the Jalapeno.  While I would have loved to get a blade, $6250 was out of my price range, and no one else offerred anything under $1,000.  Between my 2 choices, I saw $24 more for 15x the output and an interminable wait vs replacing my GPU for about the same cost but with much less power usage.

The problem here is that the more time that goes by, the more people's eyes are opened.  No one last Jun predicted what would happen to the network speed from all the orders that were placed.  I however did have a fairly clear picture when I made my purchase.  If you look at: https://bitcointalk.org/index.php?topic=114329.msg2796548#msg2796548 you will see that even back in July I was already commenting on how people had their eyes closed to the increase.  "potential profit" is such BS... So many people saw their little ASIC as being the only on that would be on the network and blinded themselves to the truth.

Now, today is a slightly different story.  With all of the concerns going, there is a tsunami coming and the current network difficulty will be swept away leaving people round eyed and shaking.  At this point in time, BFL's past problems are being magnified and more people are upset.  Yet, through all the abuse and hatred and vitriol, they are still there sending out product as fast as they can put it together.

Yep, they sucked at their supply chain and they sucked at efficiently getting their product to market.  But they never quit and they never walked away.

No they just mined customers equipment and lied about it. You started working for them and lied about it as well.

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November 20, 2014, 09:48:17 PM
 #1009

This thread has more than run its course and is just becoming a dupe of the others.

/locked

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