BFL gets raided and the Hashrate drops! Connection?

[User705]

Wonder how big their mining operation was.

[philipma1957]

Wonder how big their mining operation was.

20 ph maybe 30ph?

[generalt]

I still can't find any information if it was actually confirmed or not that they were raided.

[xstr8guy]

Lol, I can't believe so many people are falling for this "BFL raided" bullshit. I've not seen one real news article reporting this. The only "proof" is coming from untrusted posters in this forum and others.

[Syke]

Lol, I can't believe so many people are falling for this "BFL raided" bullshit. I've not seen one real news article reporting this. The only "proof" is coming from untrusted posters in this forum and others.

Now one actual BFL employee will refute the rumor. What does that tell you?

[eoakland]

Lol, I can't believe so many people are falling for this "BFL raided" bullshit. I've not seen one real news article reporting this. The only "proof" is coming from untrusted posters in this forum and others.

Now one actual BFL employee will refute the rumor. What does that tell you?

tells me they were eaten in a zombie apocalypse

[Zelek Uther]

What hashrate drop?

[xstr8guy]

What hashrate drop?

Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   

[jjc326]

I've seen the complaint filed against BFL, it's legit, they are shut down.

How much did the hash rate drop?  Now the focus is going to be on locating and obtaining the BTC that BFL stole that are rightfully the peoples' who got scammed by them.

[Nagle]

Here's the actual injunction shutting down Butterfly Labs and freezing their assets. That's direct from the FTC site.

[User705]

What hashrate drop?

Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   

Fictional?  Haha
What normal fluctuations?  It was a fairly significant drop which did recover later.  Possiby FTC siezed or inspected their computers which might have been managing their asics.

[licutis]

Drop from ~250 to 200 is a big deal. It makes me think there was some truth to the claim that BFL was mining with all their customers ASIC's until they were unprofitable and then ready to ship.

[ChuckBuck]

What hashrate drop?

Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   

Well I guess the rumor was actually true for once.

http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Good riddance, if any manufacturer deserved the banhammer, it was definitely Butterfly Labs.

[eoakland]

What hashrate drop?

Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   

Well I guess the rumor was actually true for once.

http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/

Good riddance, if any manufacturer deserved the banhammer, it was definitely Butterfly Labs.

i could not agree with you more.  that company has left a stain on the bitcoin community just as Gox did. 

[DrG]

Where's Mr Big Boy pants?  Is he going to come in here and state that we made a doctored up FTC website PDF just to slander his company's wonderful reputation?

[eoakland]

Where's Mr Big Boy pants?  Is he going to come in here and state that we made a doctored up FTC website PDF just to slander his company's wonderful reputation?

he's hiding in the corner like a scaredee-cat.  hope the whole lot of BFL guys get sent to the clink for taking advantage of everyone. 

[syfy323]

What hashrate drop?

Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   

Fictional?  Haha
What normal fluctuations?  It was a fairly significant drop which did recover later.  Possiby FTC siezed or inspected their computers which might have been managing their asics.

Wouldn't this mean that BTC-Diffic. will lower until the calc-block is reached? The estimated 20%+ dropped to about 15% today. (I never checked btc diff this often as last two weeks, don't know if this is normal).

[TheJuice]

What hashrate drop?

Oh you know... the normal fluctuations that people always associate with whatever concerns them at the moment. Lol.

This time it just happens to be the fictional raiding of BFL.   

Fictional?  Haha
What normal fluctuations?  It was a fairly significant drop which did recover later.  Possiby FTC siezed or inspected their computers which might have been managing their asics.

Wouldn't this mean that BTC-Diffic. will lower until the calc-block is reached? The estimated 20%+ dropped to about 15% today. (I never checked btc diff this often as last two weeks, don't know if this is normal).

There are usually natural variations in difficulty. I've seen a drop like this before simply due to variance, however it could represent bfl labs operation. The drop appears to be around 30PH, but we will see if this is sustained. If it really is a 30-50PH drop the next difficulty increase will be nearly flat (the one in ~17 days).

[wilth1]

What happens to BFL's hardware? Sent to customers ? Auctioned?

[Puppet]

There are usually natural variations in difficulty. I've seen a drop like this before simply due to variance,

While its usual, I doubt its natural. I see a clear pattern that hashrate tends to drop in the second half of each difficulty window. Its almost as if someone is throttling his hashrate to prevent the next adjustment to be too large. That doesnt seem to make a lot of sense financially, so you could theorize the entity is diverting hashrate for a blockwitholding attack (is that still going on?)