BFL Monarch, in the Cloud.. (600GHs)

[QuiveringGibbage]

http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW

"... a courtesy to customers who have been waiting the longest, we will provision these boards in a hosted environment (BFL Cloud Mining facilities), equal to the original processing power you ordered. ..." - BFL Cloud Mining

BFL delivered me a cloud..?!

QG

EDIT: You can find pictures of my real physical miners here: http://imgur.com/a/mRbMZ

[1713866445]

1713866445

[1713866445]

1713866445

[1713866445]

1713866445

[alh]

That's the great thing about a cloud. Nothing to actually grab hold of, and almost no way to see what's inside, or on the other side. You just take it on faith! Clouds are so comforting and ephemeral.....

[emu512]

Someday we may even see whole computers being in cloud,who knows.Its the way of the future surely.

[ALToids]

If it's like the Monarch they showed at the conference 2 days ago it's not the one hashing at 600GH/s.  They probably are using somebody else's miner's and allocating 600 or they made a non pcie card based design so they wouldn't have the space confine issues.

[emu512]

BFL still has issues like before.I wonder if they will ever ship on time with quality hardware.

[smoothie]

lol deliver a cloud...almost the equivalent of delivering air! 

[Chopperman]

http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW

"... a courtesy to customers who have been waiting the longest, we will provision these boards in a hosted environment (BFL Cloud Mining facilities), equal to the original processing power you ordered. ..." - BFL Cloud Mining

BFL delivered me a cloud..?!

QG

EDIT: You can find pictures of my real physical miners here: http://imgur.com/a/mRbMZ

Question: Did you decide to post about it on this forum from your own idea or did BFL ask you to post about it?? 
Chopperman wonders because BFL asked early 65nm customers to post when their order came, and many did.

[Syke]

http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW
https://i.imgur.com/7pvnzcXl.png
"... a courtesy to customers who have been waiting the longest, we will provision these boards in a hosted environment (BFL Cloud Mining facilities), equal to the original processing power you ordered. ..." - BFL Cloud Mining

BFL delivered me a cloud..?!

QG

EDIT: You can find pictures of my real physical miners here: http://imgur.com/a/mRbMZ

BTC was at about $100 when you ordered, making your order cost nearly 50 BTC. Now you can earn back .02 BTC per day (and dropping), making your RoI 2500 days assuming no further difficulty increases. Ouch!

[DrG]

http://eligius.st/~wizkid057/newstats/userstats.php/1EnHrZYB8Bi6Pq41wDMmZdCRCshEvhH3cW
https://i.imgur.com/7pvnzcXl.png
"... a courtesy to customers who have been waiting the longest, we will provision these boards in a hosted environment (BFL Cloud Mining facilities), equal to the original processing power you ordered. ..." - BFL Cloud Mining

BFL delivered me a cloud..?!

QG

EDIT: You can find pictures of my real physical miners here: http://imgur.com/a/mRbMZ

BTC was at about $100 when you ordered, making your order cost nearly 50 BTC. Now you can earn back .02 BTC per day (and dropping), making your RoI 2500 days assuming no further difficulty increases. Ouch!

Even better.  I ordered a SC Single from them on 6/22/2012 for 209 BTC.  It arrived 53 weeks later in 2013.  I was able to mine a total of 17BTC until I shut them off earlier this month.  A loss of 192BTC.

Never order anything from BFL... not even a coffee mug.

[QuiveringGibbage]

I guess i should post the rest of the email before people draw too many conclusions..

Code:

Dear Jason,

Thanks for being a Butterfly Labs customer. Your patience and loyalty are 
greatly appreciated.

While we wait for the 1TH revision of the PCB to make it through manufacturing, 
we have a supply of boards that do not meet the desired specs and thus are not 
suitable to be shipped directly to customers. However, with this limited 
quantity of boards, we can deliver processing power remotely to some customers.

Although we are under no legal obligation to do so, as a courtesy to customers 
who have been waiting the longest, we will provision these boards in a hosted 
environment (BFL Cloud Mining facilities), equal to the original processing 
power you ordered. Cloud Mining will be deployed in queue order and since you 
are receiving this email, you are eligible at no cost to you (we pick up the tab 
for hosting and electricity). Once the new 1TH boards arrive and assembly and 
delivery has begun, we will ship your full original order plus previously 
announced upgrade, and free Cloud Mining will be terminated.

If you are interested in receiving Cloud Mining while we wait for board 
revisions, click the link below to activate your free temporary Cloud Mining 
account.

Activate Cloud Mining 
<link removed>

BFL Cloud Mining

Question: Did you decide to post about it on this forum from your own idea or did BFL ask you to post about it?? 
Chopperman wonders because BFL asked early 65nm customers to post when their order came, and many did.

my own idea.

QG

[ALToids]

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped.  FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500.  You can buy 3 S1s for $500 that do the same thing.

[data55]

Even better.  I ordered a SC Single from them on 6/22/2012 for 209 BTC.  It arrived 53 weeks later in 2013.  I was able to mine a total of 17BTC until I shut them off earlier this month.  A loss of 192BTC.

Never order anything from BFL... not even a coffee mug.

Ouch that hurt me just reading it! Sorry for your loss man.

[smoothie]

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

[xstr8guy]

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

 

He's mining on Eligius with cloudhashing provided by BFL. I'm mining with my BFL cloudhashing compensation on BTCGuild. Please explain how BFL can "simulate" non-affiliated pools accepting shares from mining equipment that doesn't really exist? Obviously BFL has access to real mining hardware or it wouldn't be possible.

[InwardContour]

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped.  FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500.  You can buy 3 S1s for $500 that do the same thing.

There have been several articles/reports that BFL would use their customer's miners to mine at their pool for their own account. It is almost like they were secretly charging their customers higher prices in the form of delayed shipments.

[DrG]

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped.  FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500.  You can buy 3 S1s for $500 that do the same thing.

There have been several articles/reports that BFL would use their customer's miners to mine at their pool for their own account. It is almost like they were secretly charging their customers higher prices in the form of delayed shipments.

That's last year's news (which sadly is repeated this year).

I think the issue smoothie brought up is why cloud mine 600GH/s for a customer when they could ship the device.  The reason being that they don't have a device doing 600, or if they do it's not a Monarch (might even be a KNC Jup they bought second hand).  They could have some Neptunes and have a program to split the hashes between different accounts, allocating 600GH/s worth of WU to each account - which is most likely what is happening.

They probably did this to commit the customer to the purchase rather than acknowledging that they should refund the pre-order.

[-ck]

The existing hardware still isn't even performing at this rate so I suspect it's a mock up of the total hashrate, so I guess you should be happy.

[smoothie]

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

 

He's mining on Eligius with cloudhashing provided by BFL. I'm mining with my BFL cloudhashing compensation on BTCGuild. Please explain how BFL can "simulate" non-affiliated pools accepting shares from mining equipment that doesn't really exist? Obviously BFL has access to real mining hardware or it wouldn't be possible.

Tell me how it makes sense if they have the hardware to mine bitcoins for their customers in the cloud that they couldn't just ship the hardware to their customers?

[xstr8guy]

Isn't it possible that they are "delivering a cloud" for mining bitcoins when in fact all they are doing is simulating it and then doing payouts without actual hardware?

If they had the hardware, why not just ship it? I get the delays but I can see how people would be willing to accept that shipping delay for having the unit in-hand.

 

He's mining on Eligius with cloudhashing provided by BFL. I'm mining with my BFL cloudhashing compensation on BTCGuild. Please explain how BFL can "simulate" non-affiliated pools accepting shares from mining equipment that doesn't really exist? Obviously BFL has access to real mining hardware or it wouldn't be possible.

Tell me how it makes sense if they have the hardware to mine bitcoins for their customers in the cloud that they couldn't just ship the hardware to their customers?

Apparently BFL is mining with substandard monarchs that don't meet the advertised specs.

[InwardContour]

I love the part where they say they're under no legal obligation.

They should be refunding the people who want a refund since they haven't shipped.  FTC has laws that clearly spell this out, but in BFL's world laws are made to be broken.

Why would anybody want 600GH/s from them now for $4500.  You can buy 3 S1s for $500 that do the same thing.

There have been several articles/reports that BFL would use their customer's miners to mine at their pool for their own account. It is almost like they were secretly charging their customers higher prices in the form of delayed shipments.

That's last year's news (which sadly is repeated this year).

I think the issue smoothie brought up is why cloud mine 600GH/s for a customer when they could ship the device.  The reason being that they don't have a device doing 600, or if they do it's not a Monarch (might even be a KNC Jup they bought second hand).  They could have some Neptunes and have a program to split the hashes between different accounts, allocating 600GH/s worth of WU to each account - which is most likely what is happening.

They probably did this to commit the customer to the purchase rather than acknowledging that they should refund the pre-order.

I don't think it is the fact that they don't have a 600 GHs device, it is that the device is not as efficient in terms of electric usage as what they advertised. The delays have essentially made it so the machines might have ROI to they will def not every come anywhere near to ROI