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Re: 1GH/s, 20w, $500 — Butterflylabs, is it a scam?
by
Chaseshaw
on 09/11/2011, 23:09:24 UTC
http://butterflylabs.com/products/

Their claims are not outside the realm of physical possibility like some past hardware miner scams have been— but they also don't appear to be possible, at least with current commercially available parts.

The webpage is very thin on evidence that they aren't a scam. The most compelling thing I've seen is that they're looking to hire someone who speaks mandarin, though while that bodes well for their honesty it doesn't bode well for their product actually existing. Smiley

I understand that a fair number of bitcoiners have sent them money (or, well, that they claim so— but I only know of one).

Anyone have any information?   It would be a pretty good deal if it were true.


I'd like to point out some syntax here. the website says nowhere the hashes apply to BITCOIN MINING. It just says hashes. "Ghash/sec" is still appropriate terminology for hashing for the purposes of decryption. I wouldn't be surprised if this is in fact a generic hashing FPGA, which can achieve these speeds. Whitepixel (http://blog.zorinaq.com/?e=42) can get 33 Ghash/sec on 4 5970s. That's SHA password hashes, not bitcoin hashes.

I'd expect butterflylabs is correct, but they are selling generic SHA hashing FPGAs. It is the bitcoin people who are unfamiliar with the terminology that assumed they were referring to mining. The page says nothing of the sort.