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Author Topic: 1GH/s, 20w, $500 — Butterflylabs, is it a scam?  (Read 116613 times)
plastic.elastic
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November 29, 2011, 06:38:43 AM
 #1001

Is the demo going to come or is there no demo after all?

Well, one guy charged back his order so no demo for you!

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November 29, 2011, 06:54:58 AM
 #1002

Is the demo going to come or is there no demo after all?

Well, one guy charged back his order so no demo for you!

He had it refunded, from what I understand, not charged back. 2 different things.

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November 29, 2011, 08:00:10 AM
 #1003

Is the demo going to come or is there no demo after all?

Well, one guy charged back his order so no demo for you!

He had it refunded, from what I understand, not charged back. 2 different things.

If i got flu, i can cough or have running nose. 2 different symptoms from 1 problem.


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bulanula
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November 29, 2011, 08:03:08 AM
 #1004

This scam is getting funnier by the minute. No demo. People getting refunds. The game is UP.
plastic.elastic
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November 29, 2011, 08:05:37 AM
 #1005

This scam is getting funnier by the minute. No demo. People getting refunds. The game is UP.

well for ppl who got the refund, thats good for them. But what about others who do not participate in this thread?

Only BFL can know.

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sadpandatech
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November 29, 2011, 11:47:30 AM
 #1006

This scam is getting funnier by the minute. No demo. People getting refunds. The game is UP.

well for ppl who got the refund, thats good for them. But what about others who do not participate in this thread?

Only BFL can know.


What you do know is people asked for and received refunds, most scammers don't hand back the money once they have it....

  Agreed, if the only money they would make without a product would be on the preorders. Are people still able to pay for units?

  Fizz's #'s 5 and 6 bugger me too.

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If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
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November 29, 2011, 02:52:02 PM
 #1007

most scammers don't hand back the money once they have it....
They might if they want to perpetuate the scam?

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DeathAndTaxes
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November 29, 2011, 02:53:44 PM
 #1008

So any timeline for another attempt at a public demo?
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November 29, 2011, 03:00:38 PM
 #1009

If there is no demo, at least for me, I won't buy it.
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November 29, 2011, 03:30:07 PM
 #1010

The BitForce Saga Act I - The Pitch

Granny: This nice man named BFL came by and offered to sell me a BitForce Single.  It does 1.05 GHash/s and only costs $500. With that, I don't need to pay those high commissions on Mt Gox, so I can spend even more bitcoin on Silk Road.

Grandson: No Grandma, don't you see that it is a SCAM.  If it's too good to be true then it is.

Granny: Not only does the Single get 1.05 GHash/s but it only consumes 19.8 watts!

Grandson: No Grandma, can't you see, they just want your money.

Granny: If I don't order now, I lose the chance to take advantage of the pre-order pricing.

Grandson:  These prices are too good to be true! It IS a SCAM.

to be continued in Act II - The Demo
bulanula
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November 29, 2011, 03:39:10 PM
 #1011

The BitForce Saga Act I - The Pitch

Granny: This nice man named BFL came by and offered to sell me a BitForce Single.  It does 1.05 GHash/s and only costs $500. With that, I don't need to pay those high commissions on Mt Gox, so I can spend even more bitcoin on Silk Road.

Grandson: No Grandma, don't you see that it is a SCAM.  If it's too good to be true then it is.

Granny: Not only does the Single get 1.05 GHash/s but it only consumes 19.6 watts!

Grandson: No Grandma, can't you see, they just want your money.

Granny: If I don't order now, I lose the chance to take advantage of the pre-order pricing.

Grandson:  These prices are too good to be true! It IS a SCAM.

to be continued in Act II - The Demo

LOL. The rule still stands : if it appears too good to be true then it probably is. Enjoy getting shafted by BFL !
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November 29, 2011, 03:43:45 PM
 #1012

I'm waiting for a response back from my latest email in regards to a demo with the current development drivers & firmware.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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November 29, 2011, 03:45:33 PM
 #1013

I'm waiting for a response back from my latest email in regards to a demo with the current development drivers & firmware.

Thanks for doing this Inaba (and potentially wasting your time).  None of the sarcasm and bile is directed at you.  Without you having at least limited access the situation would be even more opaque.
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November 29, 2011, 03:57:10 PM
 #1014

Seems to me, if this is a real company with a product that can do what they claim it can do, they would not have originally underpriced it so far.

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November 29, 2011, 04:08:56 PM
 #1015

been following this topic from the start and at this point I really don't have an opinion on whether its legit or otherwise, but if I were a legit company such as BF Labs is claiming to be, and had a product initially priced at $599, then posted a thread that blew up like this one did, I would certainly raise the price as well...

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Inaba
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November 29, 2011, 04:36:22 PM
 #1016

I just spoke to BFL and they agreed to demo the current development hardware/firmware tonight.  However, I am otherwise already engaged tonight and they agreed to do the demo tomorrow afternoon.

Part of the agreement of me viewing the development hardware and software was that no hard numbers are released for this particular demo, although I will confirm what I actually see without providing exact numbers until they have a production version of the software available for release.

Not exactly what I know we all want to see, but at least they are willing to provide something.  Having developed both hardware and software products in the past, I am inclined to be a little lenient with expected production issues to a moderate degree.

So anyway, I will report back what I see, just don't expect hard numbers for the demo tomorrow.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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November 29, 2011, 04:41:50 PM
 #1017

So if they have no software capable of 1.05GH how do they know it can do 1.05GH?

I mean 1.05GH not ~1GH or at least 1 GH.  1.05GH indicates some level of confidence and validation that obviously doesn't exist.
gmaxwell
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November 29, 2011, 04:46:32 PM
 #1018

So if they have no software capable of 1.05 GH how do they know it can do 1.05 GH?
I mean 1.05 GH not ~1GH or at least 1 GH.  1.05GH indicates some level of confidence and validation that obviously doesn't exist.

You can validate the subsystem .. e.g. you give it a work unit it and it completes all 2^32 nonce values in XX seconds. without having a completely working system.  Doing so you can be relatively confident of the performance of the final system, as much as you can be with any pre-production setup.

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November 29, 2011, 04:50:08 PM
 #1019

So if they have no software capable of 1.05 GH how do they know it can do 1.05 GH?
I mean 1.05 GH not ~1GH or at least 1 GH.  1.05GH indicates some level of confidence and validation that obviously doesn't exist.
You can validate the subsystem .. e.g. you give it a work unit it and it completes all 2^32 nonce values in XX seconds. without having a completely working system.  Doing so you can be relatively confident of the performance of the final system, as much as you can be with any pre-production setup.
But they still should have qualified the performance specs with "expected" or "estimated", no?

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Inaba
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November 29, 2011, 05:13:54 PM
 #1020

So if they have no software capable of 1.05 GH how do they know it can do 1.05 GH?
I mean 1.05 GH not ~1GH or at least 1 GH.  1.05GH indicates some level of confidence and validation that obviously doesn't exist.

You can validate the subsystem .. e.g. you give it a work unit it and it completes all 2^32 nonce values in XX seconds. without having a completely working system.  Doing so you can be relatively confident of the performance of the final system, as much as you can be with any pre-production setup.



If I correctly surmised what I was seeing last week, then I believe this is what/how they got the numbers they did.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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