Got 100+ Bitcoins refunded from Butterfly Labs today

[BTCreward]

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.

Well considering that they spent preorder money on the development of their miners, it is extremely unlikely they will be able to repay all their customers as the money has already been spent.

I am curious to know when in 2013 the OP placed his order, as if it was late in the year then he is not doing so great in terms of ROI, however if it was before octoberish then he would have gotten more then what he paid.

Although thinking about it a little bit, it is possible that BFL was mining on their customer equipment for long enough so that they mined enough bitcoin on each machine to pay the purchase price in bitcoin prior to shipping them out

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[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.

Well considering that they spent preorder money on the development of their miners, it is extremely unlikely they will be able to repay all their customers as the money has already been spent.

I am curious to know when in 2013 the OP placed his order, as if it was late in the year then he is not doing so great in terms of ROI, however if it was before octoberish then he would have gotten more then what he paid.

Although thinking about it a little bit, it is possible that BFL was mining on their customer equipment for long enough so that they mined enough bitcoin on each machine to pay the purchase price in bitcoin prior to shipping them out

Any profits they got by mining with customer funds will likely not be seen again. I would venture to speculate that BFL and its owners etc bought luxuries that they will not part with to repay their poor customers.

They do not operate on sympathy only greed.

[BTCreward]

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.

Well considering that they spent preorder money on the development of their miners, it is extremely unlikely they will be able to repay all their customers as the money has already been spent.

I am curious to know when in 2013 the OP placed his order, as if it was late in the year then he is not doing so great in terms of ROI, however if it was before octoberish then he would have gotten more then what he paid.

Although thinking about it a little bit, it is possible that BFL was mining on their customer equipment for long enough so that they mined enough bitcoin on each machine to pay the purchase price in bitcoin prior to shipping them out

Any profits they got by mining with customer funds will likely not be seen again. I would venture to speculate that BFL and its owners etc bought luxuries that they will not part with to repay their poor customers.

They do not operate on sympathy only greed.

Their assets were seized so if they bought few enough service type luxuries then it would be possible customers could be repaid in full. I would speculate that their owners will end up getting most of their personal assets seized via multiple lawsuits both from the FTC and from their various customers in litigation.

I think the mining market has evolved to the point that people are no longer willing to accept a miner to be shipped at an unknown point in the future, but rather are demanding essentially "immediate" (within 2-3 days) shipping from a manufacturers inventory

[pawel7777]

I also made a small order back in Nov 2013 (cloudmining). They didn't deliver the service, I considered my small amount of BTC lost, but then in July 2014 I decided to email them and ask for a refund.

Got the following reply:

Thank you for your information. Refund requests are processed in the order received and paid within 30-45 calendar days. This time is necessary to appropriately research and reconcile requests with payments, vouchers, upgrades, payment methods etc. to ensure that customers receive the full refund they are due. We will let you know when we have sent your refund.

 Thank you for your business. We hope to see you back!

They kept me waiting nearly a month, but I got my refund eventually. They refunded the USD equivalent, so similar to the OP, I did make some profit in BTC terms.

Again, the purchase amount was very small, so it might have been a reason they didn't object to my claim. I understand many people weren't that lucky.

[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.

Well considering that they spent preorder money on the development of their miners, it is extremely unlikely they will be able to repay all their customers as the money has already been spent.

I am curious to know when in 2013 the OP placed his order, as if it was late in the year then he is not doing so great in terms of ROI, however if it was before octoberish then he would have gotten more then what he paid.

Although thinking about it a little bit, it is possible that BFL was mining on their customer equipment for long enough so that they mined enough bitcoin on each machine to pay the purchase price in bitcoin prior to shipping them out

This question was answered I didn't lose any money.

[bf4btc]

I also made a small order back in Nov 2013 (cloudmining). They didn't deliver the service, I considered my small amount of BTC lost, but then in July 2014 I decided to email them and ask for a refund.

Got the following reply:

Thank you for your information. Refund requests are processed in the order received and paid within 30-45 calendar days. This time is necessary to appropriately research and reconcile requests with payments, vouchers, upgrades, payment methods etc. to ensure that customers receive the full refund they are due. We will let you know when we have sent your refund.

 Thank you for your business. We hope to see you back!

They kept me waiting nearly a month, but I got my refund eventually. They refunded the USD equivalent, so similar to the OP, I did make some profit in BTC terms.

Again, the purchase amount was very small, so it might have been a reason they didn't object to my claim. I understand many people weren't that lucky.

I don't think they would discriminate based on order size. They have thousands of orders totaling millions of dollars so even what you may consider a "large" order would probably not have an overall large impact on their ability to refund everyone. Plus they need to treat all their customers the same