Are Butterfly Labs One Big Scam (Bitcoin Miners)?

Are Butterfly Labs A Scam?

  • Yes

    Votes: 20 74.1%
  • No

    Votes: 7 25.9%

  • Total voters
    27
You gotta admit Shady, that's not a very strong hunk of evidence. :costumed-smiley-013

You know you've screwed up as a business when your customers start changing their avatars on your forum to this:

avatar_68808.png


:rainfro:
 


Does this guy have affiliate program? I don't care scam or not. As long as I get paid commission.
 
LOL... "It's the gold rush - sell tools" is actually a good idea..

any aff programs?

::emp::
 
Anyone/company/whatever selling machines that make money will always have something wierd going on with them. If they are not scams, there are interests so strong that it makes political corruption looks like childs play. Realy with this it is crazy. This machine would change the playing field of mining dramaticaly because of the whole hashing pool/dificulty. So people want it despratly but at the same time don't want it to be widely available. Heck whoever gets the first one (assuming they have not already) would have strong interest in preventing anyone else from getting one.

The whole idea of mining is facinating to me conceptualy and technicaly but not being an inside player means you can never know the risks of an investment.
 
Not yet. Got two singles on order since February. I'm guessing it'll be September or October before I see them.

On a related note, these look bad ass if they are in fact real... https://cryoniks.com/#!/home/

1000 GH/s, nitrogen cooled, and shipping by July 15th they claim. Only $15k :)


Look closely. That site is a scam. For instance, they only take payments in wires.
 
Dude the asic costs $1 to produce. If they sell at $1500 they already make money. Tons of it. If they insist on hosting it they make less money.
 
Yes, they probably are a scam. Most alarmingly, the accusations that they mined with their customer's equipment (they bought a mining pool) appear to hold more weight than originally thought.

http://arstechnica.com/tech-policy/...-smell-of-fraud-from-one-bitcoin-miner-maker/

Butterfly Labs and BF Labs, Inc. Bitcoin Miners | Wood Law Firm << potential class action lawsuit.

I previously documented my BFL purchase here... http://www.wickedfire.com/shooting-shit/177633-crypto-currency-mining.html#post2139314