Quote from: bitmar on November 27, 2012, 03:40:16 PM

Quote from: greyhawk on November 27, 2012, 02:23:54 PM

Quote from: PuertoLibre on November 27, 2012, 01:53:19 PM

Quote from: Zeek_W on November 27, 2012, 01:25:20 PM

Orders canceled. Not dealing with this shit (BFL) anymore.

Well, at least you stood your ground and gave them every opportunity to come through....

Looks like the first (safe) wave of refunds have begun or are ongoing.

The second wave of refunds is where the risk is at (IMO).

Seems the risk is already here: https://forums.butterflylabs.com/pre-sales-questions/441-refund-not-getting-processed.html

Maybe they do not have money to refund. Each bug in the ASIC design is extremely expensive and increases the cost of the entire project. The question is whether have they enough money to eliminate bugs and produce working chips?. Time is working against BFL, more and more people will want a refund. Any delay, any setback = less new customers = less supply of money. It threatens bankruptcy. BFL is approaching a critical time.

BFL took a big risk by going with a Full Custom design. My ASICs for dummies book says that one drawback of using a Full Custom design is "the odds of screwing something up are much higher".

Compounding this is their strategy of doing a full production run of chips with every attempt. The usual strategy is to get the design working first on a shared wafer, and only then move to volume production on full wafers in the next step.