Butterfly Labs ships long-awaited ASIC bitcoin miners
It's eight months late, but it looks as though Butterfly Labs is finally starting to ship some of its ASIC bitcoin mining equipment to customers. The Kansas-based company has repeatedly delayed customer shipments of its ASIC mining products, which were originally announced last June, and were scheduled to ship starting last October. Customers are getting angry, and the company's representatives aren't helping by trading insults on public forums. On Sunday, though, a Butterfly Labs representative posted on the company's support forum that shipments were beginning. "A few went out Saturday....
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Finally, after more than a year of waiting, those who preordered the 5GH/s Jalapeno ASIC Bitcoin miner from Butterfly Labs should start receiving their orders. Butterfly Labs announced today that nearly every Jalapeno order through July 3rd 2012 has been shipped out. They have promised that every backlogged order will be shipped within the next 90 days and this morning they posted a picture up of over 100 units that were on their way out the door. Butterfly Labs has been the source of much excitement and almost equal scorn since they started taking orders for their much anticipated ASIC....
After nearly six months of delays, Butterfly Labs has finally released a copy of what appears to be the final version of one of their long-awaited ASIC mining products. Similarly to how Avalon first shipped a sample copy of their mining rig to Bitcoin developer Jeff Garzik, Butterfly Labs shipped their first unit to David Perry of Coding in My Sleep. David received the unit Saturday evening, and uploaded a video of himself unboxing and testing it the same day. The unit in question is a Bitforce SC Jalapeno, the smallest of the four models that the company is selling, and it appears to be....
Processor manufacturer Butterfly Labs (BFL) has recently been taking a bashing in the press and on the Bitcoin Forum due to delays in deliveries and the release of the its new 28nm processor, the Monarch. CoinDesk contacted Butterfly Labs' chief operating officer (COO), Josh Zerlan, to talk about the delays, the Monarch ASIC and Bitcoin Forum complaints. Butterfly Labs, one of the most prominent producers of bitcoin mining technology, currently ships hundreds of units of 65nm chips per day. However, the Kansas-based firm has recently struggled to keep up with demand as it is currently....
A week ago, the Federal Trade Commission (FTC) shut down Butterfly Labs (BFL), one of the reasons for this being that "consumers who have purchased the machines or services cannot use them to generate Bitcoins because Defendants [Butterfly Labs] never provide them with the machines or services." The FTC released new court filings today for its Butterfly Labs case. The most recent report by the FTC against Butterfly Labs is that they mined for bitcoins on their customers' miners before shipping them (if they even shipped them at all), and didn't tell the customer: Fraud. New Evidence....
Butterfly Labs was one of the very first mining firm is now in deep trouble as US Goverment is taking legal actions against them. Butterfly Labs was accused of fraud and misrepresentation. FTC documents say that the companies assets were frozen. The story began with really upset customers who failed to received their pre paid miners. Butterfly Labs has violated Section 5(a) of the FTC Act. BFL were basically engaging in “unfair or deceptive business practices in or affecting commerce”. We have contacted butterfly Labs to get some information regarding the shut down but they said