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Author Topic: 1GH/s, 20w, $500 — Butterflylabs, is it a scam?  (Read 116509 times)
bulanula
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November 19, 2011, 02:50:57 PM
 #661

The reason why BFL can do this is because they bought chips on the cheap due to a lost contract with Libya... Wow... This is so far the most reasonable explanation on how they can do what they are doing at this price!

If this where true, their would clearly be a limit on how many they could produce. Better order now!!!

I have already ordered like 10. Hope you don't beat me. You know there are only 100 available. Pre order NOW !!!
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November 19, 2011, 02:58:05 PM
 #662

The reason why BFL can do this is because they bought chips on the cheap due to a lost contract with Libya... Wow... This is so far the most reasonable explanation on how they can do what they are doing at this price!

If this where true, their would clearly be a limit on how many they could produce. Better order now!!!

I have already ordered like 10. Hope you don't beat me. You know there are only 100 available. Pre order NOW !!!
I thought you were in the obvious scam group! Shocked
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November 19, 2011, 03:11:40 PM
 #663

I only got 5 because I paid in BTC and want to wait until after this public demonstration next week before i Order my next 50!!!!


(If you did not get it, this is a joke....)
Okay, all is right with the world.
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November 19, 2011, 04:14:48 PM
 #664

6 days to go... tick, tock, tock  Lips sealed

fred0
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November 19, 2011, 05:47:47 PM
 #665

We plan on demonstrating our BitForce Single product before accepting pre-orders for our Rig Box system on the 25th of this month.  The date will be published here once it's fixed.

BitForce Single PCB's are used in the Rig Box platform.  However, the Rig Box also employs parts unique to itself.  Why would we go to the trouble for such a small market?  We didn't.  Our product design is influenced by other factors beyond hash mining.
I think you are in the right place for the announcement.
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November 19, 2011, 06:37:05 PM
 #666

---- sockpuppet witness stage after this post ----

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
MoonShad0w384
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November 20, 2011, 01:09:54 AM
 #667

HAI GUISE I GOT 1 AND IT WORKZ LOL!!!111!!!!1!


But seriously, sub'd to thread because I'm interested to know what kind of hardware they've used.
coinjedi
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November 20, 2011, 01:21:15 AM
 #668

Bet on this topic at our site has just reached 110 BTC. It is a great deal, especially if you think that units will ship this year.

Bets of Bitcoin
http://betsofbitco.in/
P4man
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November 20, 2011, 01:24:14 AM
 #669

Bet on this topic at our site has just reached 110 BTC. It is a great deal, especially if you think that units will ship this year.

But its a stupid formulated bet. What happens if they ship next week? Everyone could still bet for weeks to come while the outcome would already be certain. The only ones that can win are the ones voting its a scam.

fred0
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November 20, 2011, 01:29:53 AM
 #670

Bet on this topic at our site has just reached 110 BTC. It is a great deal, especially if you think that units will ship this year.

But its a stupid formulated bet. What happens if they ship next week? Everyone could still bet for weeks to come while the outcome would already be certain. The only ones that can win are the ones voting its a scam.
I hope the time-weighting will correct for the poorly formulated bet.
coinjedi
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November 20, 2011, 03:38:58 AM
 #671

Bet on this topic at our site has just reached 110 BTC. It is a great deal, especially if you think that units will ship this year.

But its a stupid formulated bet. What happens if they ship next week? Everyone could still bet for weeks to come while the outcome would already be certain. The only ones that can win are the ones voting its a scam.

If that happens (as it happened before for some other statements) we stop betting, cancel and refund the bets after a certain date when the conclusion is reached. Using our best judgement is part of our referee job even if everything is not perfectly stated in the submitted statement.

Bets of Bitcoin
http://betsofbitco.in/
fred0
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November 20, 2011, 03:52:39 AM
 #672

Bet on this topic at our site has just reached 110 BTC. It is a great deal, especially if you think that units will ship this year.

But its a stupid formulated bet. What happens if they ship next week? Everyone could still bet for weeks to come while the outcome would already be certain. The only ones that can win are the ones voting its a scam.

If that happens (as it happened before for some other statements) we stop betting, cancel and refund the bets after a certain date when the conclusion is reached. Using our best judgement is part of our referee job even if everything is not perfectly stated in the submitted statement.
Nice, good to see betsofbitco.in is keeping an eye on this.
fizzisist
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November 20, 2011, 04:18:05 AM
 #673

Bet on this topic at our site has just reached 110 BTC. It is a great deal, especially if you think that units will ship this year.

But its a stupid formulated bet. What happens if they ship next week? Everyone could still bet for weeks to come while the outcome would already be certain. The only ones that can win are the ones voting its a scam.

If that happens (as it happened before for some other statements) we stop betting, cancel and refund the bets after a certain date when the conclusion is reached. Using our best judgement is part of our referee job even if everything is not perfectly stated in the submitted statement.

Wait, I'm confused. If it turns out to not be a scam and they prove it next week, the "disagree" bets will be winners and they will be paid, right?

coinjedi
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November 20, 2011, 04:24:07 AM
 #674

Wait, I'm confused. If it turns out to not be a scam and they prove it next week, the "disagree" bets will be winners and they will be paid, right?

Yes, exactly. Only the bets that are put on after the "proof" will be canceled.

Bets of Bitcoin
http://betsofbitco.in/
runeks
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November 20, 2011, 02:03:57 PM
 #675

^ And Bets of Bitcoin will decide supremely when this "proof" became official?
And, I presume, will be able to retroactively cancel bets after this point in time?
coinjedi
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November 20, 2011, 02:18:28 PM
 #676

^ And Bets of Bitcoin will decide supremely when this "proof" became official?
And, I presume, will be able to retroactively cancel bets after this point in time?

Yes, we'll do it retroactively. We coded this feature for our admin interface. Many bets like this one will turn to chaos, if we are not willing to intervene. Let us know when you think that one of our statements can be concluded.

Bets of Bitcoin
http://betsofbitco.in/
bulanula
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November 20, 2011, 04:55:52 PM
 #677

In the bet I made BFL had to sell the same unit as the demonstration unit. Just because they have a box that will output something does not mean that they will sell these units at that price. As we talked about before, show a unit that cost them $3,000 to make and then orders flow in. In my bet I added an extra two month for them to really sell what they showed in their demonstration. The demonstration that will happen in the next few days is not proof this is not a scam. Also I would be willing to make a side bet they do not even do a demonstration in person by the 25th. PM if interested.

I am waiting to see the magical unicorn on the 25 Nov. Can't wait Tongue. Prepare your socks to be blown off.
Turbor
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November 22, 2011, 06:40:09 PM
 #678

3 days left. TICK, TOCK, TOCK  Cheesy

DeathAndTaxes
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November 22, 2011, 06:40:51 PM
 #679

Hurry hurry and get those pre-orders in.

Website indicates they will ship in 4-8 weeks (strangely it said that 4-8 weeks ago).
bulanula
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November 23, 2011, 12:35:47 AM
 #680

The super duper amazing show is just hours away! Can't wait to see the baby hash!!!!!!

(all a joke clearly)

48 hours to go mate. I think they will blow our socks off !

Maybe they also managed to do like :

-$250 price
-2 GH/s
-10 W

It is magical, I'm telling you ! Anything is possible. Maybe they used FPGAs from Egypt and Libyan routers LOL.
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