Post
Topic
Board Scam Accusations
Re: I no longer work for Butterfly Labs (BFL)
by
DrG
on 23/06/2014, 08:45:36 UTC
What I want to know is what happened at BFL between 3/31/13 and 6/30/13.  It took over 3 months for BFL to go from "shipping" Luke's Single to shipping my Single, and my Single was one of the first 100 ordered.
Probably not the whole picture, but note that Little Single was the original design (square case that was later used for the 5Gh unit) and used 8 chips (IIRC) to run the 30 Gh/s.
The final 30Gh unit ended up something like 2x the size using only 4 chips (again IIRC), and uses less electrical power.
It probably has a longer lifetime too (the original one already died and got RMA'd a long time ago).

During that 3 month delay I lost the potential return of my 209BTC outlay.
While it probably doesn't help (we all still lost a lot on this downtime), we can't actually know the total loss value.
Had BFL actually delivered on time, the difficulty would have skyrocketted even before the Avalons shipped...

I want to know if BFL was actively mining at extended length with first Singles.  Ultimately I was only able to mine a little over 17BTC with something I spent 209BTC.  There's not making positive ROI and then there's having a company steal your money outright by using your hardware while blatantly telling lies "oh we can't get it to work".  Angry
I don't think they were, but I don't have any evidence either.

I know they revised it but I can't see the revision taking 3 months - 90 days since they said they were working weekends as well.

My 55GH/s (barely scraping the 10% tolerance rule they set) Single died 5 days after it arrived, and it took them 11 days to RMA it.  If BFL got their units out before Avalon Batch 2 they would have at least tried to commit to their advertising failure of being the first ASIC manufacturer which is what they touted when they hooked me in 6/2012.

I thought put this all past me and just wanted to keep it as a learning experience to not trust people, but now I am reliving this nightmare again.  And with the new "revelation", I think the community can agree that BFL has committed blatant fraud.  If I did similar things I lose my license and probably my house and all my assets.

BFL will have their day in court to defend themselves.  Too bad Satan can't be called in as a witness.