BFL Monarch update

[k9quaint]

From the original post in the topic quoting Josh:

Current chip production has an expected delivery date in early/first half of December. We expect to have chips at that time and hope to have our first units shipped out the door by the end of December. We did not reach our goal of November delivery.

Today we find out the chips won't be ready for another 5 weeks.
BFL ran the exact same scam as last year, and may have made even more off it this time around.
Meanwhile difficulty is at 3,815,723,799 and growing.

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[Entropy-uc]

From the original post in the topic quoting Josh:

Current chip production has an expected delivery date in early/first half of December. We expect to have chips at that time and hope to have our first units shipped out the door by the end of December. We did not reach our goal of November delivery.

Today we find out the chips won't be ready for another 5 weeks.
BFL ran the exact same scam as last year, and may have made even more off it this time around.
Meanwhile difficulty is at 3,815,723,799 and growing.

BFL ran the exact same scam in 2011, 2012, and 2013.

How long does it take for some people to catch on?

[Unacceptable]

From the original post in the topic quoting Josh:

Current chip production has an expected delivery date in early/first half of December. We expect to have chips at that time and hope to have our first units shipped out the door by the end of December. We did not reach our goal of November delivery.

Today we find out the chips won't be ready for another 5 weeks.
BFL ran the exact same scam as last year, and may have made even more off it this time around.
Meanwhile difficulty is at 3,815,723,799 and growing.

BFL ran the exact same scam in 2011, 2012, and 2013.

How long does it take for some people to catch on?

At least the power consumption looks ok............for now 

[Searing]

All customers who ordered 600GH Monarchs prior to the price decrease on November 28, 2013 will be upgraded to the Imperial Monarch product, which is a new, high performance version of the card.  The Imperial Monarch will operate at 1 TH/s (+ / - 20%).

Ahahaha, the IMPERIAL monarch... joshie...

Ahahaha, April due date... BFL... 

well unacceptable i may have to come to the conclusion via 'logic' that 'pigs are indeed flying" according to this

https://forums.butterflylabs.com/announcements/4414-monarch-information-2.html#post77863

march 4th announcement....you can according to the below quote from the above link

quote:

Six Month Refund or Double Shipment Guarantee
If you’ve been waiting in queue for six months or more, you qualify for either a full refund in USD, OR double the hardware you ordered. This latter option will come in the form of (a) first shipping you the new Imperial Monarch, giving you an expected 160-175% of your ordered hashrate, and then (b) an additional Standard 600 GH Monarch at the end of the queue, giving you another 100% hashrate boost, totaling an expected 250+% of your ordered hashrate once all products have shipped. (Note: Electing the refund cancels the Imperial Monarch upgrade offer in the first section above.)

unquote:

well anyway according to the above (when they get around to showing us how) I 'supposedly" can get a FULL REFUND for my August 22nd 2013 monarch upgrade of my 65mm brick equipment to the last gasp monarch (which up till like 3hrs ago seemed very very stupid)

so if the above is true (hmmmmm....).....as being that early an order ...full price....and it has been a bit more then 6 months when I count on my toes....

I 'supposedly' should get a full refund on my 600gh monrach of 4900 bucks or whatever it was

(still looking out window for one or more of the following ...'pigs flying" ....jennifer love hewitt flashing me from the sidewalk...alien saucer....bill gates with BBQ delivery and out for drinks.....any of which is more likely to be true then me getting a frigging refund finally from stuff from last april 12th with all the 'adjustments' to my order since then...

a  very confused

Searing

I'll let you know what other lame excuse may or may not come up so that above does not come to pass

( i mean really there should be some pigs flying around here soon...i mean i did feel the 'universe' lurch to the left on this annoucement!

er then again I still am in their (bfl's) clutches have the last of my non-refundable 65mm asic stuff upgraded to a 10/19/13 300gh monarch....if i can just wiggle free
from that I will be free I tell you free...(runs down street looking for flying pigs peeling clothes off making choo choo sound and yelling "choo choo bitcoin" .....

[wunch]

Six Month Refund or Double Shipment Guarantee
If you’ve been waiting in queue for six months or more, you qualify for either a full refund in USD, OR double the hardware you ordered. This latter option will come in the form of (a) first shipping you the new Imperial Monarch, giving you an expected 160-175% of your ordered hashrate, and then (b) an additional Standard 600 GH Monarch at the end of the queue, giving you another 100% hashrate boost, totaling an expected 250+% of your ordered hashrate once all products have shipped. (Note: Electing the refund cancels the Imperial Monarch upgrade offer in the first section above.)

Hey psychologists if you want to see the Stanford Marshmallow Experiment run against Bitcoin miners now is your chance!

[superduh]

bfl'd again. monarchs out by end of summer and worth nothing close to cost

[Searing]

From the original post in the topic quoting Josh:

Current chip production has an expected delivery date in early/first half of December. We expect to have chips at that time and hope to have our first units shipped out the door by the end of December. We did not reach our goal of November delivery.

Today we find out the chips won't be ready for another 5 weeks.
BFL ran the exact same scam as last year, and may have made even more off it this time around.
Meanwhile difficulty is at 3,815,723,799 and growing.

BFL ran the exact same scam in 2011, 2012, and 2013.

How long does it take for some people to catch on?

its the noobs...this is a scam for noobs by bfl ......the constant ad's you do a google search for bitcoin and bfl ad comes up

alas bfl noob trap

Searing

[JCviggen]

Today we find out the chips won't be ready for another 5 weeks.

It's not going to be 5 weeks. Every single time something gets pushed back they take the most optimistic, unrealistic, out-of-their-ass date they can come up with. If they say 5 weeks, it's safe to at least double that number.

I'm going to go ahead and speculate that the chips they received are a disaster. The "power consumption better than expected!" and "we'll compensate you guys for waiting" parts are just to sugar coat the news that, in fact, they can't use the chips and will not have chips any time soon while diff is at a point where everybody who bought a Monarch fucked themselves just like we predicted all those months ago. Minimalizing issues is a tactic we've seen before from Fail Labs.

If it wasn't so predictable it'd be funny.

[k9quaint]

FYI, everyone who ordered from BFL and has not yet received their equipment is eligible for a full refund. If they don't give it to you, take them to small claims court and get a judgement against them. Then get that judgment enforced in Kansas. You don't need a lawyer, shouldn't cost more than $50.

[Dalkore]

I will say at least they gave the customers a bunch of options for compensation.   I have a hosting client that has a large order of these and he wasn't happy but was happy they gave him options.   5 week delay is major in ASIC-land.

[superduh]

masochists.

[mtminer]

I will say at least they gave the customers a bunch of options for compensation.   I have a hosting client that has a large order of these and he wasn't happy but was happy they gave him options.   5 week delay is major in ASIC-land.

How are you going to handle putting more than one card in a case if they require water cooling?

Curious, not trying to troll.

[xstr8guy]

I will say at least they gave the customers a bunch of options for compensation.   I have a hosting client that has a large order of these and he wasn't happy but was happy they gave him options.   5 week delay is major in ASIC-land.

How are you going to handle putting more than one card in a case if they require water cooling?

Curious, not trying to troll.

They are controlled by USB and don't need to be installed in a computer case.  Apparently BFL are designing a stand that they can be mounted upon.

[Bicknellski]

I will say at least they gave the customers a bunch of options for compensation.   I have a hosting client that has a large order of these and he wasn't happy but was happy they gave him options.   5 week delay is major in ASIC-land.

How are you going to handle putting more than one card in a case if they require water cooling?

Curious, not trying to troll.

They are controlled by USB and don't need to be installed in a computer case.  Apparently BFL are designing a stand that they can be mounted upon.

How can you put enough of these units in stands or cases or racks to make it worth your while to mine and cool them. If you are not building something like the allied controlled / asicminer solution you are simply not playing to win. Crappy and seriously inefficient after market cooling water blocks are not going to keep pace with the density of the system in the videos. Mining at home is pretty much dead and the idea that the Monarch is a design innovation is ludicrous.

https://bitcointalk.org/index.php?topic=346134.0

http://www.allied-control.com/immersion-2/video

[xstr8guy]

I will say at least they gave the customers a bunch of options for compensation.   I have a hosting client that has a large order of these and he wasn't happy but was happy they gave him options.   5 week delay is major in ASIC-land.

How are you going to handle putting more than one card in a case if they require water cooling?

Curious, not trying to troll.

They are controlled by USB and don't need to be installed in a computer case.  Apparently BFL are designing a stand that they can be mounted upon.

How can you put enough of these units in stands or cases or racks to make it worth your while to mine and cool them. If you are not building something like the allied controlled / asicminer solution you are simply not playing to win. Crappy and seriously inefficient after market cooling water blocks are not going to keep pace with the density of the system in the videos. Mining at home is pretty much dead and the idea that the Monarch is a design innovation is ludicrous.

https://bitcointalk.org/index.php?topic=346134.0

http://www.allied-control.com/immersion-2/video

I agree completely... at-home bitcoin mining is dead.  But I didn't foresee density and cooling becoming such a hindrance so soon.

I have 3THs at home (here in the US southwest) and it's already much to hot during the day.  I don't know what I'm going to when the last of my preorders are finally delivered.  Depressing.

[Searing]

FYI, everyone who ordered from BFL and has not yet received their equipment is eligible for a full refund. If they don't give it to you, take them to small claims court and get a judgement against them. Then get that judgment enforced in Kansas. You don't need a lawyer, shouldn't cost more than $50.

you know anyone that has won this in the way of an actual check from BFL?...I know a bunch of guys won in small claims court but BFL I heard has appealed them all and it is still tied up in court (this was a couple months ago so maybe this log jam has been fixed?)

only place I heard that BFL has  paid was some guys in Europe because of tougher 'enforcement' of their consumer laws (we have such laws but no enforcement..if you get a
product here in usa even if it is 9 months late enforcement wanes...and lawyer's have passed on class actions because in that you did get a 'product' even though it was very late....told not worth their time unless you want to pay up front

anyway would be nice to hear that BFL has actually paid some folks in the states



As to the MONARCH REFUND ANNOUCEMENT of a couple days ago:



as a side note I have an email from BFL saying they will give a refund on monarch full on the early monarch orders (mine is Aug 22nd... a force upgraded of all my 65mm stuff)...they say it will take 30-45 days to get it and they will contact us about details with what we get per customer situation...er me thinks that email will likely be another 30 days coming.....

ie.....if it is 45 days and everyone refunds (which is what I'd expect ...most of us) then likely that will be the day bfl declares bankruptcy and pulls a GOX on us!

I mean if it is a bet between getting a date with Kate Upton or BFL gives me a refund I'd have to go with the date (I mean the odds are better I'd win a contest for a blind date with Kate Upton before BFL gives us any money back right?)

so I am going to do this

(ie get used to disappointment.....) to save my sanity..

http://www.youtube.com/watch?v=nZIlAExvneo

I am NOT counting on BFL's good graces to follow thru on this for a full refund (ie I JUST missed the bullet run by 1 day or so...if I don't get a full refund in my position Aug 22nd 2013 order..(more then 6 months already according to what they said is eligible ie more the 6 months full refund) then that would mean it was another scam and or email of stall by Josh.

anyway keeping expectations in check (hope I'm wrong) still have another forced update of 300gh monarch oct 19th 2013 so I will still be in their clutches even if above 600gh is refunded...I just can't wiggle away fast enough.

(need to escape I tell you ...frigging BFL ASIC Death Star for crying out loud...)

Searing
  

[DontMineMe]

Criminal intent to defraud maybe present based on prior repeated actions/behavior. Good prosecutor can build this case easily in my opinion. Yet it is also up to consumer to exercise some due diligence when doing biz with such vendors. 

[joeventura]

Six Month Refund or Double Shipment Guarantee
If you’ve been waiting in queue for six months or more, you qualify for either a full refund in USD, OR double the hardware you ordered. This latter option will come in the form of (a) first shipping you the new Imperial Monarch, giving you an expected 160-175% of your ordered hashrate, and then (b) an additional Standard 600 GH Monarch at the end of the queue, giving you another 100% hashrate boost, totaling an expected 250+% of your ordered hashrate once all products have shipped. (Note: Electing the refund cancels the Imperial Monarch upgrade offer in the first section above.)

Hey psychologists if you want to see the Stanford Marshmallow Experiment run against Bitcoin miners now is your chance!

If this was the Stanford Marshmallow test I'd have 1 miner now.

Clearly not the case

[Flashman]

Come to think of it, the whole of bitcoin is a Stanford marshmallow test.... $100 now, $200 later.... $500 now, $1000 later.... $600 now $1200 later...

[Gleb Gamow]

Ok, so we are helping Josh with a realistic March 2014 shipping.

What will be the projected network hash rate?
What would will an under performing Monarch make in March 2014?
What are these Monarch's going to need PSU / PDU and control or back plane wise?

Given what we have seen in the past from BFL there is a lot of unanswered design questions here and with little or no guidance on what the finished product will be able to do, what it will cost in terms of 'accessories' to get this Monarch hashing for the user seems to me to be a good place to question this design.

Failure to plan.

Plus,you know BFL will miss thier power targets by at least 3 fold,a leopard can't change his spots 

Best get your head examined, CBH!