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Author Topic: Butterflylabs legit?  (Read 3124 times)
Crash_z95 (OP)
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March 22, 2014, 04:50:06 PM
 #1

Hi,

I recently started mining bitcoin with a few asics antminers U1's. I was wondering if buttefly labs were legit, I saw their 600Gh/s cards, butwere only with pre-order... Has anybody bought from them before or pre-ordered one of these cards?

Also what mining hardware would you recommend?

Cheers
Luke
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seriouscoin
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March 22, 2014, 04:59:31 PM
 #2

Hi,

I recently started mining bitcoin with a few asics antminers U1's. I was wondering if buttefly labs were legit, I saw their 600Gh/s cards, butwere only with pre-order... Has anybody bought from them before or pre-ordered one of these cards?

Also what mining hardware would you recommend?

Cheers
Luke

VERY LEGIT..... BFL_Josh(Inaba) tends to love anal virgin and he can give you a discount.

PM him on here.
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March 22, 2014, 05:03:03 PM
 #3

Don't waste time. At this price you can instantly mine bitcoin at cex.io .

seriouscoin
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March 22, 2014, 05:12:56 PM
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Don't waste time. At this price you can instantly mine bitcoin at cex.io .

Terrible advice.....

At this price, you can just buy BTC cheaper than mining.
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March 22, 2014, 05:23:06 PM
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not sure if serious...
Beliathon
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March 22, 2014, 05:34:22 PM
 #6

Just buy bitcoins straight up, rather than over-priced, delivered-late (if ever) mining software scams.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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March 22, 2014, 05:46:47 PM
 #7

see my sig. for trustworthiness of asic mfgs. bfl is bottom

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March 22, 2014, 05:48:34 PM
 #8

At this point right now, I would only buy bitmain products.
seriouscoin
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March 22, 2014, 05:49:27 PM
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At this point right now, I would only buy bitmain products.

At this point right now, i would just buy BTC.

Do calculation b4 spending your money.
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March 22, 2014, 05:54:08 PM
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At this point right now, I would only buy bitmain products.

At this point right now, i would just buy BTC.

Do calculation b4 spending your money.


Everybody with a short term plan has this advice for people looking to get into mining. I never tell people not to get into mining if thats what they want. You should try answering their question and not tell them what to do. Some people (Like myself) plan on building a huge mining farm starting with a few miners to get an understand how they work. So stop with your "safe" answer and give a real answer.
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March 22, 2014, 05:55:51 PM
 #11

Hi,

I recently started mining bitcoin with a few asics antminers U1's. I was wondering if buttefly labs were legit, I saw their 600Gh/s cards, butwere only with pre-order... Has anybody bought from them before or pre-ordered one of these cards?

Also what mining hardware would you recommend?

Cheers
Luke

I'm not into mining. But what I learned from my miner friends, that it is better to get a GPU rig and join a pool in terms of profitability. Pro-miners, please correct me if I am wrong.

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March 22, 2014, 05:56:02 PM
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not if you are hoping to make money

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March 22, 2014, 06:02:48 PM
 #13

Don't waste time. At this price you can instantly mine bitcoin at cex.io .

Terrible advice.....

At this price, you can just buy BTC cheaper than mining.


I would suggest just buying btc rather thab mining if new to the game. That way you are guaranteed at least some btc for your initial investment.
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March 22, 2014, 06:11:15 PM
 #14

I'm not into mining. But what I learned from my miner friends, that it is better to get a GPU rig and join a pool in terms of profitability. Pro-miners, please correct me if I am wrong.

I skipped the whole GPU mining thing.

Mining alt-coins may be more profitable, but it is also more risky. Script ASICs may displace GPU miners on many alt-coins before they pay-back the hardware.

With Bitcoin, you know you won't pay back the hardware (in BTC terms).
With the difficulty rising so much, it is hard to predict that (on the more efficient hardware) actually.

James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE  0A2F B3DE 81FF 7B9D 5160
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March 22, 2014, 06:17:26 PM
 #15

Avoid Butterflylabs, it will take many many many many many months before you get your rig, if ever. Same with most places like Butterfly labs, do some intense research of past customers and any scam accusations and you will see. Unless you have many tens of thousands of dollars to throw down on mining rigs, I suggest you simply buy some Bitcoin.

Use my referral link if you want: https://primedice.com/?ref=Crazynoggin
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March 22, 2014, 06:23:13 PM
 #16

not buy "pre-order" ... simple.
when i have bid my BFL ... they have stock (christmas).
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March 22, 2014, 06:29:24 PM
 #17

Hi,

I recently started mining bitcoin with a few asics antminers U1's. I was wondering if buttefly labs were legit, I saw their 600Gh/s cards, butwere only with pre-order... Has anybody bought from them before or pre-ordered one of these cards?

Also what mining hardware would you recommend?
I was at the Inside Bitcoins in Vegas when a very unhappy customer confronted the Butterfly labs CEO in front of everyone.  I have to say, I can't believe for a minute Butterfly Labs is delivering expected results.  This guy sure was pissed off.  I wouldn't buy Butterfly after seeing that debacle. 

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March 22, 2014, 06:31:27 PM
 #18

Hi,

I recently started mining bitcoin with a few asics antminers U1's. I was wondering if buttefly labs were legit, I saw their 600Gh/s cards, butwere only with pre-order... Has anybody bought from them before or pre-ordered one of these cards?

Also what mining hardware would you recommend?
I was at the Inside Bitcoins in Vegas when a very unhappy customer confronted the Butterfly labs CEO in front of everyone.  I have to say, I can't believe for a minute Butterfly Labs is delivering expected results.  This guy sure was pissed off.  I wouldn't buy Butterfly after seeing that debacle. 

damn noone happened to videotaped it?

I would love to see those assholes faces. I wish more ppl would be more verbal about BFL's scam.
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March 22, 2014, 06:33:31 PM
 #19

I recently started mining bitcoin with a few asics antminers U1's. I was wondering if buttefly labs were legit, I saw their 600Gh/s cards, butwere only with pre-order... Has anybody bought from them before or pre-ordered one of these cards?

Be aware of doing preorders.  BFL has a history of not delivering on when promised.  The uncertainty of getting mining equipment in future time frame adds more risk to the economics of the mining operation.  I paid for a pre-ordered Jalapeno rig from BFL, by the time I got it up and running, I estimate about 2-3 years for that original investment to pay off, or maybe never as the network hashrate rises exponentially.    It's better to stick to equipment to be delivered in a short time frame, and buy something that can be paid off in 2-3 months of running it based on the current network hashrate.

Edit: At the point I committed to preorder, I calculated a 4 month payoff at the network hashrate at the time.
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March 22, 2014, 06:38:01 PM
 #20

Hi,

I recently started mining bitcoin with a few asics antminers U1's. I was wondering if buttefly labs were legit, I saw their 600Gh/s cards, butwere only with pre-order... Has anybody bought from them before or pre-ordered one of these cards?

Also what mining hardware would you recommend?
Look around and see whether you can find a company who 'under promises, and over delivers'.  This seems like a good place to start.

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