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Question: Will BF Labs publicly reveal their new mining technology tomorrow?  (Voting closed: December 01, 2011, 01:05:03 PM)
Yes! It will meet expectations and the doubters will be eating crow! - 4 (11.1%)
Yes! But performance will fall far short of expectations, pending further "optimizations" - 0 (0%)
Yes... but their "public" demonstration will be a video that no-one can independantly verify. - 3 (8.3%)
Yes... but the only attendees will be people no-one has heard from before. - 0 (0%)
No. They found a way to make them even more powerful but it will take a few weeks to implement. Hang in there folks! - 4 (11.1%)
No. Last-minute bugs have pushed the deadline. Two weeks, we promise. - 13 (36.1%)
No. State officials say we have to get a different permit. Be patient everyone. - 0 (0%)
No. Break-in at the lab last night! How could this happen to us!! - 4 (11.1%)
No. And the site is down, and the phone's disconnected, and... - 8 (22.2%)
Total Voters: 36

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Author Topic: Will BF Labs publicly reveal their new mining technology tomorrow (Nov 25th)?  (Read 2329 times)
wormbog
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November 24, 2011, 01:05:03 PM
 #1

Here's my day-before poll about BF Labs' big reveal tomorrow. Who needs reality TV when you have drama like this to enjoy!
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bulanula
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November 24, 2011, 01:11:44 PM
 #2

Here's my day-before poll about BF Labs' big reveal tomorrow. Who needs reality TV when you have drama like this to enjoy!

Probably not. Do I get a free BTC for posting first Grin ?

Break in scenario sounds more like what BFL people would pull.
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November 24, 2011, 01:20:27 PM
 #3

I wouldn't really bother, if they want to reveal and it is as it claims, I will definitely get a few, if not, nothing to lose.
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November 24, 2011, 04:05:35 PM
 #4

whats this all about?

EDIT: ooooh butterfly labs :-)
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November 24, 2011, 06:09:03 PM
 #5

Now BF Labs has to develop another story for tomorrow.....shame on the guy who started to pool! Smiley)))))))))))))))))))))))))))))))))))))))))))))))))))))))))
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November 24, 2011, 06:12:21 PM
 #6

They could even stage a break-in and call the local cops.  And it might be reported in the local crime blotter as proof for us.

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November 25, 2011, 10:07:37 PM
 #7

their product images are of different products.

Bitcoin PHP programmer for hire! (HTML / CSS / JQuery / AJAX / .NET).
wormbog
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November 28, 2011, 12:42:31 PM
 #8

The deadline has passed and the official answer is "Last-minute bugs have pushed the deadline." That was the most popular choice with around 37% of the votes. Nice work everyone!

Now, what will happen next?

In my opinion, they would not have set a demo date if the software was not working. Maybe not optimized, but at least hashing. And they would not have delayed the demo if it was at least mostly functional. They also did not post an explanation to the message board, nor did they grant Inaba access to their own facilities. The product they showed him does little more than light up some LED's and the software is mostly repurposed open-source mining code.

Here's what I'm thinking:

They launched a quick site hoping to get a few pre-orders. Realizing that the pre-orders were coming in via PayPal rather than bitcoin, and were therefore subject to chargeback, they decided there was enough potential to make money that it would be worth running a long con. So they took some of the pre-order money and put together a few plausible-looking fakes. With orders still trickling in weeks later they decided to double down and set a demo date and show hardware to Inaba. If they could get him to confirm that he's seen the hardware and it might in fact be real they could hope for a flood of new orders, and maybe a rig-box order or two. If that happens, they'll use every trick in the book to delay while more and more chargeback deadlines expire.
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November 29, 2011, 05:55:30 PM
 #9

The deadline has passed and the official answer is "Last-minute bugs have pushed the deadline." That was the most popular choice with around 37% of the votes. Nice work everyone!

Now, what will happen next?

In my opinion, they would not have set a demo date if the software was not working. Maybe not optimized, but at least hashing. And they would not have delayed the demo if it was at least mostly functional. They also did not post an explanation to the message board, nor did they grant Inaba access to their own facilities. The product they showed him does little more than light up some LED's and the software is mostly repurposed open-source mining code.

Here's what I'm thinking:

They launched a quick site hoping to get a few pre-orders. Realizing that the pre-orders were coming in via PayPal rather than bitcoin, and were therefore subject to chargeback, they decided there was enough potential to make money that it would be worth running a long con. So they took some of the pre-order money and put together a few plausible-looking fakes. With orders still trickling in weeks later they decided to double down and set a demo date and show hardware to Inaba. If they could get him to confirm that he's seen the hardware and it might in fact be real they could hope for a flood of new orders, and maybe a rig-box order or two. If that happens, they'll use every trick in the book to delay while more and more chargeback deadlines expire.

Yeah, that is what was said on page 1 on the other thread.

There is no way this can work with all the information that they have given. Its a scam.

yep, definitely
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November 29, 2011, 07:39:08 PM
 #10

Realizing that the pre-orders were coming in via PayPal rather than bitcoin, and were therefore subject to chargeback, they decided there was enough potential to make money that it would be worth running a long con. So they took some of the pre-order money and put together a few plausible-looking fakes.

Wait; are you saying in only a few weeks some scammers (that one would generally expect to not know an asic from a 4004) who never intended to produce anything, managed to produce a completely professional looking and totally plausible PCB, custom housing, firmware and software thats not only good enough to fool someone like Inaba, but thats actually vastly better than all the other FPGA designs out there ? Seriously?

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November 30, 2011, 11:54:29 AM
 #11

Tomorrow never comes Sad
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