Quote from: TheBible on November 27, 2012, 11:29:50 AM

Quote from: SgtSpike on November 27, 2012, 06:46:22 AM

Quote from: repentance on November 27, 2012, 06:28:06 AM

Josh just posted an update on the BFL forums. It's gonna be another couple of weeks if all goes well.

https://forums.butterflylabs.com/bfl-forum-miscellaneous/437-asic-update-26-november-2012-a.html#post6239

I'm kind of horrified that Josh only just found out about the reason for the delay. A flaw in the chip is something BFL should have been informed of as soon as the problem was detected.

Called it.

Thanks for finally giving us the reason behind the delay Josh.

100,000 chips is 7.5*100,000 = 750TH/s. Unless there's a significant price increase (let's all hope), then that takes just about all incentive out of buying ASICs once those chips are eaten up. Payback would be around a year at that point... fairly risky in the world of Bitcoin.

You guys do this exact same dance with every single scammer, and you never see it coming somehow.

Here's a hint, they all give you these bullshit excuses. Over and over again, and you all throw your money at them and thank them, then act completely stunned when they bolt with it.

Here's a test of BFL's legitimacy. That ASIC you're blowing money on, have you even seen a prototype? Any evidence that it would even work if it did ship? Any evidence that the design behind it is sound? Anything at all?

It is very obvious they are actually working on the project. They aren't outright scammers. They gave optimistic estimates for when they could ship, with the stipulation that that ship date may be pushed back in the event that something goes wrong. Something went wrong. It isn't any more complicated than that.

If they were going to take everyone's money and run, it would have been done a long time ago. They are very likely losing money by having to give out refunds vs the number of new orders they might be taking in.

Quote from: thoughtfan on November 27, 2012, 08:35:18 AM

Quote from: SgtSpike on November 27, 2012, 06:46:22 AM

100,000 chips is 7.5*100,000 = 750TH/s. Unless there's a significant price increase (let's all hope), then that takes just about all incentive out of buying ASICs once those chips are eaten up. Payback would be around a year at that point... fairly risky in the world of Bitcoin.

I'm feeling it now for those who ordered early. With BFL's much bigger initial chip order the difference in delivery time between the first to order and the last is not going to be very long if they send them out soon-as-built meaning the big-returns widnow is likely to be short-lived as the ASIC hashing power goes through the roof. Profitability is not essential for me because it's as much novelty/supporting the project than anything else but to the extent that I am counting profitability it is versus returns in pounds had I simply bought Bitcoin instead. BTCGBP was about £6.80 when I made my BFL order (being now around £7.80) but those who put their money in when BTC was much cheaper have not only lost out on the raise in Bitcoin value but will also have little reward over latecomers in terms of getting an early advantage with mining. I really hope it works out for everyone but it's looking less likely by the day.

I'm fine with it. Being one of the first to jump on ASICs will still be VERY profitable. And I can't look back in hindsight at what I would have made if I had invested directly in coins either - that wasn't a sure thing. They could have been worth exactly the same as they were when I ordered, or even less.