Butterfly Labs launches new charity while still behind on shipments
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....
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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....
Between predictions of a difficulty drop and the recent legal maelstrom surrounding Butterfly Labs, you might think that it was all bad news in the mining community. However, those who have been active in this market segment for long enough know it would take more these events to stop miners from hashing. Read on to learn more about some of the latest happenings in the bitcoin mining world. FTC pleased with Butterfly Labs reopening. The US Federal Trade Commission (FTC) has agreed to allow troubled bitcoin mining hardware company Butterfly Labs to reopen for business, albeit in a limited....
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
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....
New court documents filed by the US Federal Trade Commission (FTC) against Butterfly Labs allege that the manufacturer mined bitcoins using customer-purchased equipment prior to shipment. The documents, filed on 27th September, further allege that Butterfly Labs employees mined bitcoin for personal gain using machines purchased and later returned to the company. The agency says this assertion is supported by the testimony of several former employees. As a result of the findings, the FTC asked a Kansas City federal judge to impose a preliminary injunction on Butterfly Labs that would extend....