To keep the smoke screen up, they had jody seemingly post that orders were going out. They had everyone agree that they wanted their order or a refund. Then they kept people in the dark about how many orders were going out each day. This is what is called blowing smoke up a customers ass.
Josh was forced to acknowledge that the [total] stream of 35 prototype orders came to a grinding halt no sooner than it started.
Now they tell people (new false hope) that they have an incredible 100 chips coming in "soon". Followed by unspecified "hundreds" "next week".
OMG, how people can be strung along with hope...
Excellent summarizing... This is typical behavior of fraudsters. They spend peoples money to keep the appearance up that they are for real with prototypes or other parts etc. and at the point everything is starting to fall apart (i.e. too many refunds or not enough preorders) they disappear.
When BFL ships in quantity and they can keep the production levels nice and high and run through their order queue at a decent speed...then I will put money down. Not before. Right now, BFL is a time bomb where everything that can go wrong, has. In light of that reality I am letting common sense take helm and not misplaced hope.
I doubt that they'll ever start mass shipping. Even if they are genuinely trying, they will most likely go under being so unexperienced running a business and having missed the race completely, hit by massive refund requests or wasting the money they still have on yet a bunch of other screw-ups.
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Re: Remember last October when BFL said they would ship by the end of the month?
by
chipd
on 16/05/2013, 06:23:15 UTC
What did you expect from a bunch (ex) conmen with no, or little real-life work experience?
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Re: BFL ASIC Production Updates 2013 (Updated May 13)
Then you must be BFL as well then, since you (and billion others) use SP when writing. I do that as well... unless I'm writing something more official papers (legal/business etc). Although the formal way is DS, few if any would probably notice or care if you use SP.
I think BFL and mainly Josh are very reputable and honorable. Of course they will stand by their statements and wagers. Only a shifty magazine editor would make a bet like that and ignore it when they lose. ROTFL
Then you haven't made your homework.
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Re: Proof that 2000 BTC (not 1000 BTC) is owed by Josh AND BFL.
I like the idea of the shipping tonnes of 5GH mars system, to boost the robustness of the network - however BFL has already got 5GH working prototype - so it's a bit neither here nor there.
Would be better to focus on 250GH machine and deliver it quicker.
Yea, feels kind of silly, taking delivery times into account, to buy mars only to send it back after 2-3 months (unless someone plans to stick with it).
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Re: Swedish ASIC miner company kncminer.com
by
chipd
on 25/04/2013, 11:41:08 UTC
Mars
This device will be the first mass produced product and is available for purchase in the next few days. The key details around this device are as follows:
Over 6GH/s 48x IC CYCLONE IV FPGA 115K on board chips See the sites below for more details on the chips we will be using in our Mars product. 30% Improvement in hashing rate over standard Implementation Fan cooled with 48 heat syncs and fans plus two case fans producing a cooling tunnel across the chips Modular design (we will carry this design throughout all of our products) USB attachment (software will be provided) Shipment begins on mass in just over 2 months. Earn coins while you are waiting in the queue for Jupiter External ATX power will be required (we will provide a recommended list) Upgrade protection built in to any Mars purchase with vouchers for up to $2000 off of any Jupiter purchase. Last but not least, any purchase of the Mars product automatically reserves you the same place in the order queue for the Jupiter product. The queue reservation will last 30 days. For more information about the chips used you can use the following links http://www.buyaltera.com/scripts/partsearch.dll?Detail&name=544-1468-ND http://www.digikey.com/product-search/en?x=18&y=12&lang=en&site=us&KeyWords=EP4CE115F23C8N
Jupiter
This device is being designed in parallel by the OrSoC engineers. It will offer industry leading performance and power consumption per GH. The final specifications for this device are being ironed out now but we can confirm the following:
Minimum 250GH/s per device 7000-8000 USD predicted price 48 Chips (which are being designed exclusively for KnCMiner by ORSoC). An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied. Water cooled setup. Modular Design allowing for expansion at a later date. Embedded Linux device to allow for standalone mining. Shipment begins in early autumn.
First of all Apple doesn't have to proove anything. knc has. Second they could at least tell "hey we are using XX nm tech" I don't think that would ruin anything considering we already have asics at 130nm, 110nm, 65nm, 22nm(?).
Kano didn't talk about KNC, he talked about the meet with ORSoC.
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Re: BFL's Jalapeno exists - I have one in my hand and just uploaded a video
Ok, today I met orsoc CEO Johan personally and I can confirm 100% this is not a scam
He is interested in bitcoin and knows a lot about it. He acknowledged that they have been discussing this product offering with kncminer for weeks and there will be news published later this week
They will have a more concrete technical specification for the product soon
So you saw their hardware design already, their office, their detailed specs and the previous bitcoin hardware they have already made? Or was he just some convincing random guy you happened to meet?
You think Apple CEO would show you any hardware designs or their offices if you ask (my company doesn't let any external person to enter the office, we have external meeting rooms)? But if you google the company name and his name I'm sure you'll find pictures of both himself as well as previous products the last 5-10 years.
"Because we have not shipped for such a long time PayPal is requiring us to ship a small number of the orders made through them and send them the tracking numbers."
Someone explain to me, why Paypal would even care. They get payed for the shipping service (the more units shipping the better?) and any chargeback period of money sent through paypal have already expired?
Ok, today I met orsoc CEO Johan personally and I can confirm 100% this is not a scam
He is interested in bitcoin and knows a lot about it. He acknowledged that they have been discussing this product offering with kncminer for weeks and there will be news published later this week
They will have a more concrete technical specification for the product soon
Yea but when will anything be released? 2 months? 5 months? 12 months?
In due time.
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Re: BFL's Jalapeno exists - I have one in my hand and just uploaded a video
"Because we have not shipped for such a long time PayPal is requiring us to ship a small number of the orders made through them and send them the tracking numbers."
Code for: There has been so many refunds via PayPal, they have limited us.
I read a few of the replies to Jody's post and took note that earlier orders were place via Bitcoin via BitPay. How is that PayPal orders get process first?
They seem to have a myriad of clusterfucks all going on at the same time, and I wouldn't be surprised if they forget to place the UL, FCC and CE labels on any of the outgoing units due to be overwhelmed with all the chaos, notwithstanding the MineCraft tournament coming up and the cancellation of the Kansas City Airshow.
People can say what they want about them, but they are one of the best at coming up with excuses.
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Re: Analysis of ASIC earnings, device agnostic
by
chipd
on 23/04/2013, 18:15:59 UTC
Not sure if already discussed (too lazy to read through the whole thread right now, sorry). How about GPU miners that might move away when profit is close to 0 for them?
edit: Nice work, an interesting read!
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Re: Bitfury ASIC?
by
chipd
on 23/04/2013, 18:02:19 UTC
Based on the fact that it's a FPGA costing $90,000 for 110 Ghash/s, takes a magnum truck to ship and a nuclear power plant to run, I'd say it's a high probability that it's legit.
I see boxes with shipping labels. But people will see what they see. they also did say they have some on the way to devs and the devs seem to know that so 1+1 may just =2. Of course trollfest will continue until they start shipping customer stuff(and probably farrrrr after)
You're absolutely correct... 1+1=2 unit per day, first batch done 12/31/2014.
Actually just looked at thier site they claim to ship to customers
As we get ramped up here I won't be telling you how many we ship each day--just what day the orders were made that we are shipping. Right now I just want you to know the magnitude of the number of units so you can see we are not blowing these products out the door in great numbers. That will come later.
Damn, we were 2 short of the prediction! A bit slow... just like Josh.