Butterfly Labs Unveils 600 GH/s Bitcoin Miner
Butterfly Labs, makers of specialty Bitcoin-mining machines, just announced the Butterfly Labs Monarch, an insanely powerful new ASIC at CES 2014. This machine can mine at a whopping 600 GH/s while using 350 W of power. Despite it's hefty $2196 price tag, BFL claims that the Monarch is cheaper and more efficient than its competition. Gadget blog Gizmodo has some great images of the insides of the Monarch as well as a water cooling system prototype. While this is all really impressive, Butterfly Labs has come under fire in the past for taking several months to deliver products with very....
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Butterfly Labs, a failed Bitcoin miner manufacturer, has been shut down by the Federal Trade Commission. According to a statement published on the regulator's website, the FTC shut down Butterfly Labs pursuant to a court order obtained from a court in the Western District of Missouri. Also read "We need to talk about Butterfly Labs". This past week, the FTC slapped Butterfly Labs, a Kansas bitcoin miner manufacturer, with a lawsuit. In the civil lawsuit, the FTC found that Butterfly Labs had contravened section 5(a) of the FTC Act by engaging in "unfair or deceptive business practices in....
Article updated on 27th August at 14:37 BST. Butterfly Labs has announced a new PCI bitcoin mining card, named Monarch, based on the new 28nm technology. Butterfly Labs claims the Monarch will achieve 600 GH/s and consume 350W. The release has courted controversy with customers who are still awaiting delivery of their longstanding 65nm-based products. The Monarch has been optimised to work when connected to a PCIe slot, however, it also has a USB port, which allows it to be used with Windows and Linux computers and even Android devices. Butterfly Labs boasts that the card will achieve 600....
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....
Let's just say there's a bit a controversy surrounding a little company called Butterfly Labs. Release delays and lack of communication make for a less-than-perfect reputation, but today at CES, the company publicly showed off the guts of its latest bitcoin miner, the Monarch. This miner may look like like a graphics card from the outside, but the inside is another story entirely. With hashing power of 600GH/s (using 350 watts of power), though, it won't be cheap - coming in at a whopping $2196.00 (a cheaper 300GH/s variant will be available for $1497.00). The folks over at Gizmodo have....