Is the ASIC just a clever scheme?

[thebaron]

It would be pretty easy to get people's funds and hopes tied up in this ASIC. Keeps them from investing in their current product or GPU-based rigs based on the fear of it's imminent release. Make inflated claims of gigahashes, get everyone hooked and jonesing for one.

I think the reality is that they needed the money to make a giant production run of their FPGA based stuff so their cost would be very low for themselves. They, of course, are going to use them to mine their own coins. If you think about it, it would have been much more smarter and profitable for them to keep their currently shipping products a secret and let the dough roll in. But they didn't have the cash to do it. Deliver a few of the current units to people who purchased them to seem like you might actually deliver this new thing.

Keep people in a holding pattern for a year or so awaiting this vaporware product, then just refund them and dissolve the corporation. Meanwhile, you had the most powerful mining rig on the planet. Then you retire...

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[burtan]

I have wondered this myself. Unfortunately only time will tell. All I know is that if I was BFL and I did not deliver I would be worried for my safety. There will be a lot of very unhappy people out there if they do a runner.

[MaxSan]

tin hat.

BFL wont do anything to jepordize the network or peoples trust in it. would halt their business. totally stupid.

[Blank]

what you say is a possibility but personally i do believe that BFL will release their ASIC's... maybe slightly below spec and very likely behind schedule but relesed none the less. Also there is Largecoin and bitfountain who both say they are in the process of developing ASIC's, there is less info to back up their claims though.

[danster82]

I get the impression that BFL are legitimate, unfortunate for me as I bough 4x 7970 about a week before they announced their super chips!

Anyone a made a purchase from BFL with BTC's? how secure is it, what stops them turning around and saying they havent been paid..

[Gabi]

The fact that the btc goes through bit-pay?

[burtan]

BFL are one of the worst company's I have ever dealt with. I ordered a single over a month and a half ago now. I have sent them 5 emails asking on the progress of my order and nothing. If they dont respond to my last email in the next few days I will be cancelling my order through PayPal.

If they run the rest of the company like they run customers service they have no hope of ever building an ASIC that will ever work