Butterfly Labs says bulk chip sales to start soon
Butterfly Labs has announced it will begin selling bulk ASIC chips for bitcoin mining starting this month. While some Bitcoiners on Butterfly Labs' forum welcomed the news, many others are expressing skepticism or frustration in light of the Kansas-based company's lengthy delays in fulfilling orders for ASIC mining devices. Butterfly Labs announced late last month that it was starting to ship its ASIC products, which were originally announced in June of 2012. Following Butterfly Labs' latest announcement about bulk sales of chips, a number of commenters have taken to reddit and the Bitcoin....
Related News
It's really hard to imagine a more ADD-afflicted, over-promising, under-delivering company than Butterfly Labs, and they're at it again. Afterjust now managing to ship orders that were put in over a year ago for their ASIC miners (with an original fulfillment timeline of three months) and with plenty of more backlogged orders yet to be shipped, Butterfly Labs announced a couple of days ago that it would start takingorders for bulk chip sales. Now, today, they've started a charity called the Bitcoin Development Fund - oh look a SQUIRREL! Butterfly Labs announced this morning on their....
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
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....
Three weeks ago, the Federal Trade Commission shut down Butterfly Labs. Butterfly Labs is a company that sells Bitcoin mining hardware. It's been accused of scamming and lying to customers time and time again. Recently, the Federal Trade Commission (FTC) reported that Butterfly Labs was lying to customers in multiple ways, one being that they mined on their customers' hardware for extended periods of time before shipping it. This morning, Butterfly Labs tried to dismiss the FTC's complaint. Also read: FTC Shuts Down Butterfly Labs... Finally. The FTC claims that Butterfly Labs spent their....
So you think it's difficult to keep up with the breakneck pace of cryptocurrency mining from your home PC? Imagine what it's like being in the business of building the next generation of bitcoin miners, when difficulty increases exponentially, chip R&D seems painfully slow, and customers constantly want more bang for their buck. That's what Kansas City-based Butterfly Labs has to contend with on an ongoing basis. Once a product is complete, you can't sit around and enjoy your accomplishment, it's time to move on to the next one. "By the time you get a product flowing smoothly, it's already....