1GH/s, 20w, $500 — Butterflylabs, is it a scam?

[sadpandatech]

OK, i'm coming to scam you.

i will invent a mining box which is 1.5Gh/s @ <50W, and the price will less than 999$. IN next 6 MONTHs time. and no pre-order, just open for sale~

do you believe me?

 

if you believe, why not just wait and do not order BFL's product. it seems you can not get anything for next few month from BFL.

if you don't believe, why now you trust BFL?

 

  One, I don't think you would scam anyone as it would take away mental resources you use for legitimate projects. =)

  I do believe it is quite possible you or some of the others here could come up with something, NRE cost aside, that could produce the numbers you mention in playing.

  The reason not to wait 6 months is becasue money(especially USD) just sitting there is actually losing value, for the most part. Verses, invest it for 6 months in BFL hashers, sell them for a discount when your new magical unicorn comes out. profit.  

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[bulanula]

OK. It is almost 18:00 in Kansas. Hopefully tomorrow I wake up and all this scam thread can be deleted and the numbers have been proven

[rjk]

OK. It is almost 18:00 in Kansas. Hopefully tomorrow I wake up and all this scam thread can be deleted and the numbers have been proven

+1

Consider this as my vote to have this thread purged once (if?) this is proven to be real, and units have shipped out.

[bittenbob]

OK. It is almost 18:00 in Kansas. Hopefully tomorrow I wake up and all this scam thread can be deleted and the numbers have been proven

+1

Consider this as my vote to have this thread purged once (if?) this is proven to be real, and units have shipped out.

I vote locked but no need to purge. Locking the thread will keep it from popping back up to the top but still keep everything on record.

[fred0]

OK. It is almost 18:00 in Kansas. Hopefully tomorrow I wake up and all this scam thread can be deleted and the numbers have been proven

+1

Consider this as my vote to have this thread purged once (if?) this is proven to be real, and units have shipped out.

But I haven't written "Act III - The Crisis" of the BitForce Saga yet?  Surely you don't mean purge the thread after "Act IV - The Finale."  What will the future think of us? They need to learn from our experience...

[fred0]

So,

Does everyone plan on buying these widgets--provided they work and stuff?

[bittenbob]

So,

Does everyone plan on buying these widgets--provided they work and stuff?

Not a chance in hell. Bitcoin prices are too unpredictable and I would rather use GPUs so I can game. Not to mention they will have a better resale value than these units. AGAIN THIS IS IF THIS IS FOR REAL. If for some reason I decide to build a 50 Ghash mining farm I would use these simply for the logistics. Even if they do provide a working demo to Inaba it doesnt mean they will ship with the same performance level and I suspect even if performance is up to par then reliability will be suffering.

[fred0]

GPUs certainly have resale value, due to their dual purpose. 

But I think that bitcoin price instability is the real killer.  If bitcoin price collapses we are talking two or more year payback period.  And who can predict what will happen after the block reward halves in 2012?

[finway]

Sure it's a scam. 

[bittenbob]

GPUs certainly have resale value, due to their dual purpose. 

But I think that bitcoin price instability is the real killer.  If bitcoin price collapses we are talking two or more year payback period.  And who can predict what will happen after the block reward halves in 2012?

Does it not halve in 2013?

[sadpandatech]

GPUs certainly have resale value, due to their dual purpose. 

But I think that bitcoin price instability is the real killer.  If bitcoin price collapses we are talking two or more year payback period.  And who can predict what will happen after the block reward halves in 2012?

Does it not halve in 2013?

  Depends on how much the block finding rate flucuates between now and then. But, it should be some time between Dec. 2012 and Jan. 2013.

[likuidxd]

So,

Does everyone plan on buying these widgets--provided they work and stuff?

If they work, I may consider buying them like I do GPU's. Gradually build up

[likuidxd]

I have been looking into making something like this for about 6 months. It seems that something like this can be made for around $800-$900ish now. I will be looking into it. However the resale on the GPUs are good. I made all of my rigs to run as mid-high gaming machines so I can sell them quickly if need be.

Despite BFL claims their product does not have many uses outside of mining bitcoins so the resale is almost nothing. I expect to get most of my profit when I sell the used hardware. A 6990 will be useful for years and years down the road.

As far as I know, we still don't know what chip this is. FPGA's are reprogrammable and have many uses

[bittenbob]

I have been looking into making something like this for about 6 months. It seems that something like this can be made for around $800-$900ish now. I will be looking into it. However the resale on the GPUs are good. I made all of my rigs to run as mid-high gaming machines so I can sell them quickly if need be.

Despite BFL claims their product does not have many uses outside of mining bitcoins so the resale is almost nothing. I expect to get most of my profit when I sell the used hardware. A 6990 will be useful for years and years down the road.

As far as I know, we still don't know what chip this is. FPGA's are reprogrammable and have many uses

Those uses would be to students who would get educational discounts on brand new FPGAs and to businesses who are unlikely to buy from another person and probably not used either. I work for a large corporation and nothing could be purchased from someone off the street. It would have to be an approved vendor which takes quite the approval process. Even then the company I work for would never buy something used. So to address your answer, no there is still no resale value.

[bittenbob]

Innnaaaaabbbbaaa! Where are you?

Anyone else think Inaba should have posted some/any results by now? I know he said he was going to be later but he is getting really late now.

[likuidxd]

Those uses would be to students who would get educational discounts on brand new FPGAs and to businesses who are unlikely to buy from another person and probably not used either. I work for a large corporation and nothing could be purchased from someone off the street. It would have to be an approved vendor which takes quite the approval process. Even then the company I work for would never buy something used. So to address your answer, no there is still no resale value.

FPGA's are still a hobbyist toy and if they can get their hands on an inexpensive high performance used one, game on!

Did we not rule out the idea that these could be pure FPGA's? I thought there was no way to make these number works?

I deserve that for just popping my head in 

[julz]

I would have thought he would have been back too but things happen...

Yes, like being locked in a room while guys with baseball bats 'persuade' you to tweet/post glowing reports to your 'investors'.

The address given 'Chambers Lofts' in Kansas City has a primary use of 'Residential'.  Not the address I'd expect from an outfit that is currently claiming on it's site to be hiring 2 engineers and a communications director.

Going alone to meet suspected scammers isn't something I'd do in a hurry.
Don't leave it too long before calling the cops.

[bulanula]

I would have thought he would have been back too but things happen...

Yes, like being locked in a room while guys with baseball bats 'persuade' you to tweet/post glowing reports to your 'investors'.

The address given 'Chambers Lofts' in Kansas City has a primary use of 'Residential'.  Not the address I'd expect from an outfit that is currently claiming on it's site to be hiring 2 engineers and a communications director.

Going alone to meet suspected scammers isn't something I'd do in a hurry.
Don't leave it too long before calling the cops.

As usual. I wake up and no results and nothing else much just speculation. I really wish this to be real but IMHO that won't happen.

[worldinacoin]

Do we need to wait until Christmas and have the demo as a Christmas present?

[Turbor]

It's close to 6 in the morning in KC. Let's hope that Inaba will rise soon and tell us about the demo.