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Author Topic: BFL ASIC is bogus  (Read 21289 times)
Korbman
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October 01, 2012, 02:37:12 AM
 #181

Alright I apologize  Lips sealed

Does not the recent increase in output per device make this bet null and void?

Could also be why Inaba was confident in the bet to begin with Tongue

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ElectricMucus
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October 01, 2012, 03:45:57 AM
 #182

Well the original premise that the performance figures are too good to be true remains - now even more than ever.

The whole put your money where your mouth thing is a taunt - similar to the thing MNW did with his pirate bet extra potential publicity. They can stick that elsewhere.  Tongue

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October 01, 2012, 02:21:32 PM
 #183

I don't see how this makes the bet null and void.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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October 01, 2012, 09:02:32 PM
 #184

NOOOOOOO!!!

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October 01, 2012, 09:07:51 PM
 #185

NOOOOOOO!!!


haha

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October 01, 2012, 10:08:38 PM
 #186

I was the first who called Pirateat40s Savings and Trust a "classical HYIP scam", right after his OP.
Yet I didn't take part in Matthews bet - get it?  Tongue

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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October 02, 2012, 02:55:54 AM
 #187

I was the first who called Pirateat40s Savings and Trust a "classical HYIP scam", right after his OP.
Yet I didn't take part in Matthews bet - get it?  Tongue

Being right about something in Bitcoin-land being a scam is somewhat less than miraculous.  Your performance seem to be somewhat on par with getting heads three times in a row on a coin flip.  None-the-less, good work (seriously) if what you say is accurate, and I don't track things that closely to verify.  You called the BFL think some time ago as evidenced by this thread so if you turn out correct it will be notable in my mind.


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October 02, 2012, 05:48:33 AM
 #188

I was the first who called Pirateat40s Savings and Trust a "classical HYIP scam", right after his OP.
Yet I didn't take part in Matthews bet - get it?  Tongue

It is not my intention to taunt when I tell people to put their money where their mouth is by betting 'disagree' on http://betsofbitco.in/item?id=665 I tell them that to hopefully stop (or at least reduce) the length of the debates on the forum.

So, no, I honestly don't get it why you don't participate in a bet like mine, even a symbolic 1 BTC... If one thing, it tells me that you doubt your own claims (or don't care enough?)
greyhawk
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October 02, 2012, 11:12:37 AM
 #189

It is not my intention to taunt when I tell people to put their money where their mouth is by betting 'disagree' on http://betsofbitco.in/item?id=665 I tell them that to hopefully stop (or at least reduce) the length of the debates on the forum.

No, your intention is this:

Quote
Here is the breakdown of the distribution:
45% goes to the bet winners proportional to their bets.
45% goes to the bet winners proportional to their weighted bets.
5% goes to the user who submitted the bet.
5% goes to the site.
SysRun
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October 03, 2012, 08:43:56 PM
 #190

It is not my intention to taunt when I tell people to put their money where their mouth is by betting 'disagree' on http://betsofbitco.in/item?id=665 I tell them that to hopefully stop (or at least reduce) the length of the debates on the forum.

No, your intention is this:

Quote
Here is the breakdown of the distribution:
45% goes to the bet winners proportional to their bets.
45% goes to the bet winners proportional to their weighted bets.
5% goes to the user who submitted the bet.
5% goes to the site.


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ElectricMucus
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October 03, 2012, 08:50:37 PM
 #191

I was the first who called Pirateat40s Savings and Trust a "classical HYIP scam", right after his OP.
Yet I didn't take part in Matthews bet - get it?  Tongue

Being right about something in Bitcoin-land being a scam is somewhat less than miraculous.  Your performance seem to be somewhat on par with getting heads three times in a row on a coin flip. 

Yes, you are right I fully agree.
However: The performance of the masses here is significantly less efficient than a coin flip. There is the tendency to believe in any proposed business model - a manifestation of wishful thinking.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Frequency
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October 03, 2012, 10:55:52 PM
 #192

I was the first who called Pirateat40s Savings and Trust a "classical HYIP scam", right after his OP.
Yet I didn't take part in Matthews bet - get it?  Tongue

Being right about something in Bitcoin-land being a scam is somewhat less than miraculous.  Your performance seem to be somewhat on par with getting heads three times in a row on a coin flip. 

Yes, you are right I fully agree.
However: The performance of the masses here is significantly less efficient than a coin flip. There is the tendency to believe in any proposed business model - a manifestation of wishful thinking.

+1


Put your money were your mouth is…       #coinderdotcom
tvbcof
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October 04, 2012, 12:40:38 AM
 #193

I was the first who called Pirateat40s Savings and Trust a "classical HYIP scam", right after his OP.
Yet I didn't take part in Matthews bet - get it?  Tongue

Being right about something in Bitcoin-land being a scam is somewhat less than miraculous.  Your performance seem to be somewhat on par with getting heads three times in a row on a coin flip. 

Yes, you are right I fully agree.
However: The performance of the masses here is significantly less efficient than a coin flip. There is the tendency to believe in any proposed business model - a manifestation of wishful thinking.

Ya, it's odd to me that so many people to whom the Bitcoin solution might appeal are prone to be as careless/naive as they seem to be.  One explanation is, perhaps, that we don't really notice the people who are not so, and thus it just seems like more of a notable percentage of the community than it actually is.


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October 04, 2012, 07:33:30 AM
 #194

It is not my intention to taunt when I tell people to put their money where their mouth is by betting 'disagree' on http://betsofbitco.in/item?id=665 I tell them that to hopefully stop (or at least reduce) the length of the debates on the forum.

No, your intention is this:

Quote
Here is the breakdown of the distribution:
45% goes to the bet winners proportional to their bets.
45% goes to the bet winners proportional to their weighted bets.
5% goes to the user who submitted the bet.
5% goes to the site.

I have mined 25+ thousand BTC the last 2 years. I couldn't care less of the comparatively tiny financial profits of this bet.
greyhawk
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October 04, 2012, 12:10:12 PM
 #195


I have mined 25+ thousand BTC the last 2 years. I couldn't care less of the comparatively tiny financial profits of this bet.

Can I interest you in a fully insured no risk 7% ROI per week investment opportunity?
Korbman
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October 04, 2012, 01:26:19 PM
 #196

I have mined 25+ thousand BTC the last 2 years. I couldn't care less of the comparatively tiny financial profits of this bet.

Pics or it didn't happen

Can I interest you in a fully insured no risk 7% ROI per week investment opportunity?

haha +1 Cheesy

Frequency
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October 04, 2012, 02:08:40 PM
 #197

I have mined 25+ thousand BTC the last 2 years. I couldn't care less of the comparatively tiny financial profits of this bet.

Pics or it didn't happen

Can I interest you in a fully insured no risk 7% ROI per week investment opportunity?

haha +1 Cheesy

Did he just said 25 + 1000 so like 1025btc  Huh Huh joking

Put your money were your mouth is…       #coinderdotcom
abeaulieu
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October 04, 2012, 06:46:39 PM
 #198

My point being: BFL the way it is presented to us certainly hasn't got the resources and funds to develop custom chips.

They do now.  Undecided

By custom chips I mean Full Custom ASICs, that is what they are claiming they are making. That costs about 10M USD for starters.
There might be some way to get it cheaper if you have the ties but unless whoever behind BFL is some engineering wizard he doesn't even have the means to develop it.

One of my co-workers produced an ASIC for under a couple hundred thousand dollars. It took a couple years but that was essentially because he had never done it before. It seems everytime people mention ASICs they takes someone's WAG and multiply is a couple times.

And by the way, that price included a few thousand chips off the line.
ElectricMucus
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October 04, 2012, 07:14:14 PM
 #199

my co-workers produced an ASIC for under a couple hundred thousand dollars. It took a couple years but that was essentially because he had never done it before. It seems everytime people mention ASICs they takes someone's WAG and multiply is a couple times.

And by the way, that price included a few thousand chips off the line.

Unless you provide some proof of your claim it stands alone. As a claim nothing more...

Once more, certainly possible with FPGA conversion chips.
Interestingly even BFLs competition (which could turn out to be fraudulent too btw) agrees with me...
Look at http://forum.bitsyn.com/viewtopic.php?id=6 under power consumption and then take a deep breath.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
abeaulieu
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October 04, 2012, 09:35:51 PM
 #200

my co-workers produced an ASIC for under a couple hundred thousand dollars. It took a couple years but that was essentially because he had never done it before. It seems everytime people mention ASICs they takes someone's WAG and multiply is a couple times.

And by the way, that price included a few thousand chips off the line.

Unless you provide some proof of your claim it stands alone. As a claim nothing more...

Once more, certainly possible with FPGA conversion chips.
Interestingly even BFLs competition (which could turn out to be fraudulent too btw) agrees with me...
Look at http://forum.bitsyn.com/viewtopic.php?id=6 under power consumption and then take a deep breath.


Didn't really need to provide proof. Was just letting you know that they're not always as expensive as people think.
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