Got 100+ Bitcoins refunded from Butterfly Labs today

[Braedo]

Even if this was true, your 100 BTC is worth a fraction of what it was in 2013 so you're still down.

He got a refund on the US dollar amount and not the amount of BTC he put in.

[WeMineCoins]

Even if this was true, your 100 BTC is worth a fraction of what it was in 2013 so you're still down.

Since the money spent on orders in 2013 was refunded in USD equivalent currently on my original orders I factually got the same amount of USD value spent which happens to be worth more BTC since the price is lower now.... Think about it for a little bit and hopefully you'll understand.

Quite a substantial amount of money involved. Could you elaborate in more details how the whole thing started?

Yeah I'll post some more details later today.

A) I don't believe you. I think you are a purchased account shilling for a half-ruined concern, desperately trying to flog a dead horse.
B) I could be wrong regarding A) but even if I am, very clever of BFL to hold out refund long enough to meet price point of btc/usd from your original date of spend.
3) nice try josh, I'm still not buying.

Don't sell your accounts pee poles! This is what happens

Updated
Yes I wasn't expecting to be called a liar for sharing info I got my refund.
This should be proof enough I'm a real person.

http://siouxfalls.sites.1millioncups.com/en/Presenters/WeMineCoinsLLC.aspx
https://www.linkedin.com/in/cryptoentrepreneur
http://tangentsanddistractions.com/bitcoin-mining/

Even if this was true, your 100 BTC is worth a fraction of what it was in 2013 so you're still down.

He got a refund on the US dollar amount and not the amount of BTC he put in.

Why that guy doesn't understand is beyond me.

[cheekychap]

My original orders with BFL date back to 2013 and I am just now getting refunded. It was a pretty terrible experience with them but I'm glad to finally get my money back.
Just wanted to show people that BFL has at the least sent me out my refund I am in no way endorsing them.

https://blockchain.info/address/1Php37BTskNb3B1xqbwKkdciFNkvD69dV3
Note : I sent the coins from this address elsewhere so the in transaction is the money being sent to me in case anyone cares.

Thats really great to hear. Lets hope all the others get their coins back too.

[WeMineCoins]

My original orders with BFL date back to 2013 and I am just now getting refunded. It was a pretty terrible experience with them but I'm glad to finally get my money back.
Just wanted to show people that BFL has at the least sent me out my refund I am in no way endorsing them.

https://blockchain.info/address/1Php37BTskNb3B1xqbwKkdciFNkvD69dV3
Note : I sent the coins from this address elsewhere so the in transaction is the money being sent to me in case anyone cares.

Thats really great to hear. Lets hope all the others get their coins back too.

If you stop asking you might not get one. So anyone who wants a refund should ask especially before they get sued more. (Several law firms out their are working on cases against BFL.)

[Hope78]

Even if this was true, your 100 BTC is worth a fraction of what it was in 2013 so you're still down.

He got a refund on the US dollar amount and not the amount of BTC he put in.

A refund is a refund. Do you ever think you are going to get your money back from a thief?
This is the risk in high amount investment, you never know how it could end.

[mlferro]

My original orders with BFL date back to 2013 and I am just now getting refunded. It was a pretty terrible experience with them but I'm glad to finally get my money back.
Just wanted to show people that BFL has at the least sent me out my refund I am in no way endorsing them.

https://blockchain.info/address/1Php37BTskNb3B1xqbwKkdciFNkvD69dV3
Note : I sent the coins from this address elsewhere so the in transaction is the money being sent to me in case anyone cares.

Thats really great to hear. Lets hope all the others get their coins back too.

good to know. I found it very positive

[Flashman]

Even if this was true, your 100 BTC is worth a fraction of what it was in 2013 so you're still down.

Since the money spent on orders in 2013 was refunded in USD equivalent currently on my original orders I factually got the same amount of USD value spent which happens to be worth more BTC since the price is lower now.... Think about it for a little bit and hopefully you'll understand.

Oh in that case if they were tail end of 2013 orders, you probably got more BTC back than the original amount of hash would if delivered on time.

I know someone with a earlier order than you that got refunded JUST before the FTC swooped in, and they got about half a BTC more than the single monarch would have mined if delivered at most optimistic time. i.e. at start of March if delivery was "sometime in March" at order time.

[Serge]

When did you request refund?
   
I did it early in september'14, right before FTC moved on with shutdown, still waiting...   at the very least your post gives me hope

[darkota]

My original orders with BFL date back to 2013 and I am just now getting refunded. It was a pretty terrible experience with them but I'm glad to finally get my money back.
Just wanted to show people that BFL has at the least sent me out my refund I am in no way endorsing them.

https://blockchain.info/address/1Php37BTskNb3B1xqbwKkdciFNkvD69dV3
Note : I sent the coins from this address elsewhere so the in transaction is the money being sent to me in case anyone cares.

They sent it only because they have to, Butterfly Labs is in deep water atm with the Feds for malpractice, etc. Bascially, Butterly Labs is a scamming company, but because they have the money to repay you, they did(probably to try and look better in court).

[princesocapuyo]

Well you're really lucky that they payed you, because they're a scamming company.
As the one above said, they would look better in court 

When did you request refund?
   
I did it early in september'14, right before FTC moved on with shutdown, still waiting...   at the very least your post gives me hope

I don't think you should get your hopes up too much.

[Serge]

When did you request refund?
   
I did it early in september'14, right before FTC moved on with shutdown, still waiting...   at the very least your post gives me hope

I don't think you should get your hopes up too much.

actually, my hope is to get my refund sooner than later. 

[WeMineCoins]

These are the orders I was refunded. Some of these were actually converted from 28nm orders though.

ORDER #   DATE   SHIP TO   ORDER TOTAL   ORDER STATUS   
100108346   3/21/14   Ian Dixon   $***   Refunded   View Order
100104726   1/29/14   Ian Dixon   $***   Refunded   View Order
BFL-057468023   1/3/14   Ian Dixon   $***   Refunded   View Order
BFL-127047469   1/1/14   Ian Dixon   $***   Refunded   View Order
BFL-058046149   1/1/14   Ian Dixon   $***   Refunded   View Order
BFL-568027367   12/5/13   Ian Dixon   $***   Refunded   View Order
BFL-578589178   12/5/13   Ian Dixon   $***   Pending   View Order
BFL-169478078   12/2/13   Ian Dixon   $***   Refunded   View Order
BFL-467468014   11/15/13   Ian Dixon   $***   Refunded   View Order
BFL-789047036   11/14/13   Ian Dixon   $***   Refunded   View Order
BFL-279134167   11/12/13   Ian Dixon   $***   Refunded   View Order

[Possum577]

Is BFL a cloud mining service?

[leopard2]

Did the US government prosecute them and make them send out the refunds?

No, in fact the FTC stopped them making refunds for months, just check the forums or their website! They were already sending out refunds on a voluntary basis (because of all the massive delays) and then a few months ago the http://www.ftc.gov knee-jerked them.

I cannot say BFL are the good guys and FTC the bad guys but they were definitely sending refunds BEFORE FTC or the court did anything.

[Braedo]

Is BFL a cloud mining service?

No, Butterfly Labs is a mining hardware developer or was I should say.

[Flashman]

Is BFL a cloud mining service?

No, Butterfly Labs is a mining hardware developer or was I should say.

Well initially yes, but with their last product offering, they also brought out "hosted mining" and "mining by the Gh" plans that could be thought of as cloud mining.... which were dependant on large quantities of their latest equipment being manufactured, so don't know status of those at present, whether they've brought significant amounts online or not.

and the "was" I guess, is because it could be doubtful whether they will have the spare funds to develop another generation of hardware. However, they could "race for the bottom" with Antminer, against which I think they are still competitive on W/Gh, so need to get realistic on pricing. Selling from stock, they may just scrape up enough cash for developing another generation.

However, they would actually represent a somewhat tempting target for a venture capitalist to re-invent, presuming that they probably insist on their own management team.

[Soros Shorts]

Just another Ponzi

There were actually quite a number of happy BFL customers back in 2012 when they were selling their FPGA products and delivering them fairly quickly (at least the FPGA singles - not sure about the mini-rigs). Things pretty much went downhill after that with their ASIC products, but people still kept ordering from them for a long time which I cannot understand why.

[BTCreward]

Just another Ponzi

There were actually quite a number of happy BFL customers back in 2012 when they were selling their FPGA products and delivering them fairly quickly (at least the FPGA singles - not sure about the mini-rigs). Things pretty much went downhill after that with their ASIC products, but people still kept ordering from them for a long time which I cannot understand why.

Their target market was newer users/miners to the bitcoin community so their customers were probably not able to navigate various sources to be able to research BFL. You need to remember that most reputable companies have many scam reports against them by people who are essentially trying to extort money/refunds/free goods from them.

They also appeared to spend pretty heavily on advertising which allowed people to be directed directly to their site where criticism of them is minimal

[smoothie]

This who get coins now will be the fortunate ones before BFL house of cards crumbles.

Good luck to those with BTC funds stuck with BFL.

I don't believe everyone will get their refund in full.

Tidal wave is coming

Well I got my full refund I posted this to make sure others are aware that refunds are being sent out and they need to get a move on it quickly as I know they're about to be hit with several new / large lawsuits that will drain their funds. It is fair to note it may not matter how many times they get sued as they were into bitcoin when bitcoin was under $10 they likely have a massive stockpile of them at this point and can afford the legal fight.

Just because you got your refund does not mean that 100% of all BFL customers will get their refunds in FULL as they paid.

BFL operated from day 1 as a $8000 funded company that used customer funds to develop their products.

They operated on the preorder bullshit from day 1 and have not delivered to all of their customers because they have not had new suckers to preorder more of their BS products.

They are insolvent in my view.

[WeMineCoins]

This who get coins now will be the fortunate ones before BFL house of cards crumbles.

Good luck to those with BTC funds stuck with BFL.

I don't believe everyone will get their refund in full.

Tidal wave is coming

Well I got my full refund I posted this to make sure others are aware that refunds are being sent out and they need to get a move on it quickly as I know they're about to be hit with several new / large lawsuits that will drain their funds. It is fair to note it may not matter how many times they get sued as they were into bitcoin when bitcoin was under $10 they likely have a massive stockpile of them at this point and can afford the legal fight.

Just because you got your refund does not mean that 100% of all BFL customers will get their refunds in FULL as they paid.

BFL operated from day 1 as a $8000 funded company that used customer funds to develop their products.

They operated on the preorder bullshit from day 1 and have not delivered to all of their customers because they have not had new suckers to preorder more of their BS products.

They are insolvent in my view.

Actually BFL used to sell FPGA's that were used for science and medical applications but you're probably right about 100% not getting a refund who knows either way like i said I posted this so people knew it was worth still asking them for a refund.