Stratobitz (OP)
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Activity: 1022
Merit: 1010
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September 23, 2014, 04:19:31 PM
Last edit: September 23, 2014, 04:48:57 PM by Stratobitz |
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Butterfly Labs - Shut Down by US Government Mining hardware maker Butterfly Labs has been shut down by the US Federal Trade Commission (FTC), which accused the embattled company of fraud and public misrepresentation. On 18th September, the agency was granted permission by the US District Court for the Western District of Missouri to freeze Butterfly Labs’ assets and close the company pending trial, according to documents released by the FTC. The move comes months after customers began sending complaints to the federal agency, a process that produced nearly 300 complaints accusing the company of delaying shipments and refund payments.
See the full story: http://www.coindesk.com/us-government-shuts-embattled-mining-firm-butterfly-labs/Also Network Hashrate dropping like crazy. Wonder if it's related. Strato ArcadeCoin Coming This December - Follow @ArcadeCoin on Twitter
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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bitcool
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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September 23, 2014, 04:22:25 PM |
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How are these two possibly related? |
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seriouscoin
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September 23, 2014, 04:23:40 PM |
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awesome, i cant wait until Josh got raped in jail. That little bitch likes to mention dicks/cocks alot in his post. Now his dream has come true, soon he will get a bag of dicks himself.
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Stratobitz (OP)
Legendary
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Activity: 1022
Merit: 1010
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September 23, 2014, 04:25:05 PM |
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How are these two possibly related? Well they were still in the process of making miners right? Delaying shipments? The mining manufacturers all "test" their miners for a long period, as in weeks, months, mining BTC, before they ship. Their plug was pulled. Strato |
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seriouscoin
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September 23, 2014, 04:28:47 PM |
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How are these two possibly related? Well they were still in the process of making miners right? Delaying shipments? The mining manufacturers all "test" their miners for a long period, as in weeks, months, mining BTC, before they ship. Their plug was pulled. Strato They actually have their mining company, altho they never admit it. They just shuffle the funds among their books. BFL's customers are nothing but free loans. |
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opieum2
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September 23, 2014, 04:36:48 PM |
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EMC is a pool owned by BFL. They had a significant number of people hashing there. Plus likley their own pool which likley was substantial. If it was shut down, then yes that would make a significant dent. 1-5 percent of the network if I had to take a guess (not looked into it yet), they had around 3-4PTh when I last checked. Thats a good sized chunk of network.
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"amtminers scam joshua zipkin scammer" -Joshua Zipkin leaked skype chats http://bit.ly/1s7U2Yb-For bitcoin to succeed the community must police itself. |
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seriouscoin
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September 23, 2014, 04:38:25 PM |
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EMC is a pool owned by BFL. They had a significant number of people hashing there. Plus likley their own pool which likley was substantial. If it was shut down, then yes that would make a significant dent. 1-5 percent of the network if I had to take a guess (not looked into it yet), they had around 3-4PTh when I last checked. Thats a good sized chunk of network.
EMC was just a disguise to cover their own mining ventures. Not many actual miners on there, they use it to cover their btc funds. |
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ocminer
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Activity: 2660
Merit: 1240
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September 23, 2014, 04:45:44 PM |
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awesome, i cant wait until Josh got raped in jail. That little bitch likes to mention dicks/cocks alot in his post. Now his dream has come true, soon he will get a bag of dicks himself.
I doubt Josh will get in jail too.. He was 'just' an employee, but yes, he probably deserves it |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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daddyfatsax
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September 23, 2014, 04:52:19 PM |
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Fucking finally!!!
I still be they get off with nothing more than a slap on the wrist.
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nosferatujeff
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Activity: 48
Merit: 0
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September 23, 2014, 04:58:29 PM |
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It will be interesting how BTC is handled as far as refunding customers. US legal precedence in the making.
I imagine on hand funds are limited but BTC isn't.
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goxed
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Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
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September 23, 2014, 04:59:28 PM |
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Finally! I say bring it on!  |
Revewing Bitcoin / Crypto mining Hardware.
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NetTime
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September 23, 2014, 05:06:41 PM |
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Man, those tortures are fucked up!!!!!
I mean, just take all their money, you don't have to go that far...
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Bogart
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Activity: 966
Merit: 1000
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September 23, 2014, 05:15:59 PM |
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I wonder if Sonny is still on probation re his previous mail fraud conviction...
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"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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CrazyGuy
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Activity: 1973
Merit: 1007
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September 23, 2014, 05:16:14 PM |
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Looking forward to a 140 BTC refund for my 2012 jalepeno and single order....  |
ASICPuppy.net ASIC Mining Hardware and Accessories - Compac F in stock!
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ocminer
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Activity: 2660
Merit: 1240
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September 23, 2014, 05:17:11 PM |
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Looking forward to a 140 BTC refund for my 2012 jalepeno and single order.... I think now the chances to get anything back have rather vanished ... |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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Threader
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September 23, 2014, 05:18:14 PM |
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Yes they do need to go that far. White collar criminals get it too easy when punished or never punished for the harm they do.
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CrazyGuy
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Activity: 1973
Merit: 1007
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September 23, 2014, 05:20:16 PM |
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Looking forward to a 140 BTC refund for my 2012 jalepeno and single order.... I think now the chances to get anything back have rather vanished ... Agreed, but can't a guy dream? |
ASICPuppy.net ASIC Mining Hardware and Accessories - Compac F in stock!
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dogie
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Activity: 1666
Merit: 1183
dogiecoin.com
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September 23, 2014, 05:21:05 PM |
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Looking forward to a 140 BTC refund for my 2012 jalepeno and single order.... Thats not how it works. |
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freeAgent
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September 23, 2014, 05:49:25 PM |
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I'm surprised that the hash rate on EMC hasn't dropped at all.
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RoadStress
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Activity: 1904
Merit: 1007
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September 23, 2014, 06:08:21 PM |
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I'm surprised that the hash rate on EMC hasn't dropped at all.
You don't expect to have their farm in their offices and registered under the same company name right? But I hope someone will tip FTC about EMC! |
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