FTC shuts down Butterfly Labs, the second-most hated ...
FTC shuts down Butterfly Labs, the second-most hated ...
ButterFly Labs Magazine
Butterfly Labs ship first Bitforce SC 60 bitcoin miner ...
First of Butterfly Lab’s BitForce 500 GH/s mining rigs ...
Butterfly Lab's BitForce 500 GH/s mining rigs seen in ...
[SG] ButterFly Labs BitForce 10 GH/s MODEL BF0005G Bitcoin Miner
The Miner is in good working condition. Includes the ButterFly Labs Bitcoin miner, USB cable to connect to the computer and a power adapter. This Miner has been quietly mining away at 10.58GH/s since December 2013 with no problems. I have been using Butterfly Labs EasyMiner. Please message me if you are interested.
BUTTERFLY LABS BUTT BOY BAND BACK: THE STORY BEHIND SCAMMBR
They say birds of a feather flock together and apparently that now includes butterflies. I recently came across a new crypto/hardware company, AMMBR, doing an ICO that contains at least 7 former members of the infamous Butterfly Labs company in varying capacities. Interestingly enough, my curiosity was peaked piqued as a family member who was involved with BFL mentioned this project on Facebook and I automatically knew there had to be a connection to BFL because that family member knows practically nothing about cryptocurrency. Unfortunately, it seems he has not learned from his mistakes and is still participating in shady, possibly illicit activities, along with many of his former butts! I’m now going to connect the dots for you to the people associated with SCAMMBR to show beyond a reasonable doubt that they are a quasi-reincarnation of BFL. If you go to their website, www.ammbr.com, you can see their team members. Here are some of note: 1.) FORMER BFL Chief Technology Officer: Nasser Ghoseiri Nasser was the Iranian living in France and one of the three named defendants in the case brought against BFL by the FTC which BFL lost. BFL CONNECTION: https://www.ftc.gov/news-events/press-releases/2014/09/ftcs-request-court-halts-bogus-bitcoin-mining-operation SCAMMBR CONNECTION: Senior IT Consultant https://www.linkedin.com/in/nasser-ghoseiri-940419a/ 2.) FORMER BFL VP of Marketing: Jeff Ownby Jeff is the infamous character who pulled the trick of buying Buttcoin.org surreptitiously and then chanigng the negative articles to positive. Jeff isn’t listed on the official site, but he’s always worked behind the scenes from my experience as he was never listed as a BFL employee either. While he doesn’t list BFL on his LinkedIn profile, it’s fairly obvious when you read his experience at ForceStream. BFL CONNECTION: https://www.coindesk.com/buterfly-labs-accused-buying-blog-hide-negative-search-results SCAMMBR CONNECTION: VP of Marketing https://www.linkedin.com/in/jeffownby/ https://www.crunchbase.com/organization/ammbrtech#section-board-members-and-advisors 3.) FORMER BFL Marketing Manager: Jurie Pieterse Jurie is Jeff’s right-hand man and took over my position after it changed hands once since I left. Wherever Jeff goes, Jurie seems to follow, even on one of their new ventures: https://coinclaim.io/team BFL CONNECTION: https://bitcointalk.org/index.php?topic=150803.7895 (ALSO NAMED IN COURT DOCUMENTS FROM FTC CASE TRANSCRIPTS) SCAMMBR CONNECTION: Chief Marketing Officer https://www.linkedin.com/in/juriepieterse/ 4.) FORMER BFL PRODUCT DESIGN CONSULTANT: Jason Aspinall Jason was brought in at BFL when the redesign of the BitForce series needed to be done due to heat issues and for a variety of other design issues. BFL CONNECTION: https://s3.amazonaws.com/s3.documentcloud.org/documents/1306470/gov-uscourts-mowd-117531-42-7.txt SCAMMBR CONNECTION: Electro-Mechanical Design & Testing Engineer https://www.linkedin.com/in/chilled/ 5.) FORMER BFL PCB DESIGNEMANUFACTURER: Ankur Patel BFL used Ankur Patel and his company PCB Overnight for their boards in the miners. These boards suffered numerous problems and could not be produced in the quantity needed. BFL CONNECTION: http://www.ftclaw.com/wp-content/uploads/2014/09/FTCButterflyDissolveTRO.pdf SCAMMBR CONNECTION: Head of PROCUREMENT https://www.linkedin.com/in/ankur-patel-21552921/ Guess who else is on the team? After checking out their team page, I saw a photo with a few familiar faces. Wanna know who they are? SCAMMBR TEAM NOTABLE FIGURES IN PIC: 1.) Third from the left is The Infamous Josh Zerlan, aka Inaba, akau/NitroWolf, aka BagO’Dicks, former VP of Product Dev at BFL, and now apparently consulting or a part of SCAMMBR according to the “Projects” section of his LinkedIn profile: https://www.linkedin.com/in/josh-zerlan-a4140478/ 2.) Four spots to the right of Josh is The Infamous Dave “The Knife” Mcclain, aka "THE MOLE", former BFL Account Manager, who seems to be a part of it as well as he is pictured on their website with their team in a photo which also includes Josh. Not sure what he does there as he has little understanding of cryptocurrency or just about any technical development since the VCR. BUT WAIT, THERE’S MORE! SCAMMBR was originally founded in 2017. (SOURCE: https://tokenmarket.net/blockchain/blockchain/assets/ammb) (SOURCE: https://www.coinopsy.com/dead-coins/ammb) However it had two main issues which found itself on the dead coin list until it was recently resurrected, one being lack of interest/exchange listings and the other being a major security vulnerability in the smart contract, and the third being that anything BFL touches turns to shit. ISSUE ONE: According to the Coinopsy link above, among other interesting reasons, they proclaimed that: “Ammbr was founded in 2017 and is not trading on any exchanges. Was added to the dead coins list due to the fact they did not reach any exchanges after one year and they canceled the ICO.” ISSUE TWO:THE SCAMMBR SMART CONTRACT BUG: (SOURCE:https://medium.com/coinmonks/an-inspection-on-ammbr-amr-bug-a53b4050d52) While this bug affected many ERC-20 contracts, on July 8th, 2018, “John Wick Security Lab revealed highly risky transactions inAMMBR(AMR)contract. It contains an integer overflow bug that could be made use of by hackers calling batchTransfer(), resulting in transferring out tokens without limits.” This can be seen in this tweet by SCAMMBR where they had to change the smart contract: https://twitter.com/ammbrplatform/status/1011124298868776960?lang=en WE'RE NOT DONE YET! SAVE THE BEST FOR LAST! After doing further research on the SCAMMBR website, because nothing BFL is involved with is ever like it seems, I found some suspect/fake/front companies and astroturfing. AMMBRPlatform By all accounts, that sub is highly suspected of astroturfing by shills, employees and their families. Very few posts concern the actual project and the mods are mostly absent. All of the posts repeat the same lines or hashtags, but no comments. Mod u/Jory- doesn't post much in cryptocurrency subs, while u/AMMBRPlatform has never posted. https://snoopsnoo.comJory- BLACKBIRD WALLET IS THE BFL BITSAFE: This is one of my favorite finds as it didn't occur to me until after doing most of my research, but then it clicked suddenly that I knew the design. BITCOINTALK: https://bitcointalk.org/index.php?topic=4685822.msg%msg_id% SCAMMBRTECH posted on Bitcointalk on 7/16/18 regarding a new mobile wallet that has yet to come to market, the Blackbird Hardware Wallet. I had never heard of it and apparently, they wanted $299 for it from their shop. Which is...ridiculous. But let's compare the Blackbird Wallet to the BFL Bitsafe that was never released: PHOTO FROM BLACKBIRD WALLET WEBSITE: SOURCE: https://blackbirdwallet.io/ https://imgur.com/a/QxGMcPX PHOTO OF BFL BITSAFE THAT WAS NEVER RELEASED FROM BFL WEBSITE: SOURCE: https://web.archive.org/web/20160405172202/http://www.butterflylabs.com/bitcoin-hardware-wallet/ https://imgur.com/a/CsVXDbZ So there you have it folks. Fuck these guys. I spent way to much time on this shit.
The $22,484.00 Butterfly Labs Mini Rig bitcoin miner is a huge, broken, unstable piece of shit.
(This was a rather controversial article posted on Buttcoin.org and became quite popular, even moving to the top of /bitcoin. It's since been mysteriously edited on the site [maybe by g-g-g-ghosts!] so it's being reposted here for posterity's sake. Some numbers may be off by now, but it was all accurate at the time of posting.) Butterfly Labs has a long and horrible history with their mining rigs. They started taking pre-orders over a year ago, with a ship time sometime in late July. After numerous delays in production, shipping problems and general incompetence, the only thing they’ve managed to get out the door are some of their tiniest miners, the Jalapenos. And those mainly ended up in the hands of reviewers and blogs in order to keep pumping the Butterfly Labs hype train and securing millions of dollars of pre-orders still in limbo.Lucky BFL forums user Luke-JR however scored a sweet Mini Rig from Butterfly Labs (it’s just a coincidence he’s a driver developer for them I’m sure). This rig was originally promised to produce 1500 GH/s hashing power at 1500 watts for $30,000, but has since seen it’s hashing power slashed to a third of what was promised and it’s power consumption increased 75%, now just offer 500 GH/s at 2400 watts. They’ve promised to make good on pre-order buy sending out 3 rigs to match the initial hashing rate, so now it’s only 1500 GH/s at 6900 watts, a reduction in GH/Watt by a factor of 5. So what does $22,484 buy you? Take a look!
Minirig is here! Today, my Minirig arrived. http://i.imgur.com/Yp0WPvE.jpg FedEx apparently dropped it somewhere along the way, and the weakest part of the case, the thin metal part around the back of the PSU, broke. http://i.imgur.com/lFcOHxP.jpg I’m not sure how sturdy the back side was supposed to be, but its two pieces aren’t quite together either. http://i.imgur.com/AVttcOt.jpg The power supplies (EVGA 1500W) also created havoc interfering with the neutral on the power line. This disrupted X10 communication significantly enough that the pool overflowed because the system controlling it was unable to turn off the pump. Workaround: This PSU supports 240V, so we rewired the outlet. 240V does not use neutral, so now all should be okay. Edit: 240V workaround is only partial. Still having problems But the good news is, it all seems to be working for the most part. Next up, installing it in the window so the heat goes outside
A twenty two thousand dollar box of electronics that is broken out of the box, that required the guy to do a sketchy electrical workaround to get partially working, that he is going to install in a window… and he’s happy about it? In case you didn’t notice it, the delivered unit is different than the picture on the website. They had to install 2 power supplies instead of 1 and had to modify the case to fit. Also, if you didn’t notice, the LCD/Phone thingy in the front has been replaced by … a piece of cardboard spray painted black. Wonderful. You could maybe chalk this up to a careless Fedex postman, but when you’re shipping something that costs as much as a mid-sized sedan, how bought putting a little more effort into packing? Dell and HP can ship bigger and heavier servers across the world without this kind of problem. The unit had to hit its huge power draw increase by putting dual EVGA consumer grade power supplies in the unit. We’re talking almost a 75 amp load (6*1500/120), disregarding power factor. He could very well overload the circuit panel and trip the main breaker for the house. Let’s take a look inside this guy. This is from an earlier version of the Minirig (note the single power supply) This is apparently from an earlier FPGA but it will give you a good glimpse at what kind of craftsmanship you can expect from a computer that is half the average household income in the United States. Consumer grade PSU and cheap USB hubs glued to the inside case. Electrical tape and random velcro glued to the insides A closer look at the USB hubs. Plugs are hot glued to stay secured. Electrical tape everywhere, splices and voided hardware are the theme. You can view the entire album here. Despite all that, this thing can still mine bitcoins and it should be profitable. Keep in ind that many people jumped in on the preorders a year ago when bitcoins were still hovering around $6.50 per. Meaning customers paid 1562 bitcoins for that particular piece of shit, which at today’s value is $156,200. Aston martin money. How long will it take them to make their money back (as apposed to just hanging on to them)? If the difficulty didn’t change, they would make 37 bitcoins a day and recoup the initial investment in 124 days. Difficulty is jumping pretty much 20% every 12 days or so, so in the next week before adjustment, they’ll make 259, the next 12 days 369, the next 12 days 312, then 256, then 213, etc. So by day 127, they’ll be halfway to breaking even, but by day 151 they’ll be making less than 5 bitcoins a day, and even if difficulty stopped rising at that point(which it won’t), it would take another 435 days for a total of 586 days to break even. If difficulty kept rising at the same pace, by day 200 they’d be making 2.4 bitcoins per day, and it would take 1024 days to break even with no difficulty increase. Assuming 25 cents per kw/h, and $100 a bitcoin, it would cost 0.43 of a bitcoin per day in electricity which means the unit would no longer be profitable on a power usage basis by day 307, at which point it will have produced 2620 bitcoins. Bear in mind this is only for the first few units, and that’s running 24/7 pumping out around 24,000 BTU, so yes, medical bills from heat stroke will be on top of that. But Alas, the chips don’t run nearly as well as they’re supposed to, frequently running too hot and giving multiple hardware failures. Coindesk noted in one of the first ever runs of the Minirig by hosting provide gigavps that it was running much too hot and erroring out.
At the time of posting, gigavps warned that the unit would be repeatedly shut down while ckolivas, who was assisting, modified the machine’s software to optimise performance. After some tweaking, the device was said to have been left to run continuously for two hours, and was shown to have an average hash rate of 478.1 GH/s. As you can see in the table below, ASIC number four (of a total of eight hashing chips) ran significantly hotter (86 degrees) and consequently gave the highest hardware (HW) error rate. http://i.imgur.com/q3iGrnb.jpg
So, what happens if you just decide you don’t want this, you don’t want to wait over a year to get a $22,000 broken piece of shit? Nothing, because BFL won’t let you cancel your preorder because they’re now “shipping”, i.e. they sent out one unit to their own company shill. http://i.imgur.com/0p3Up03.jpg Which is of course illegal regardless of what Butterfly Labs may say. So in summary: Don’t buy anything from Butterfly Labs … ever.
So I read about this new ASIC bitcoin mining hardware and looked into the numbers a bit more, and if butterfly labs starts shipping these out and the currency stays as strong as it is, the spoils look promising. So they sell different models ranging from $150- $30,000, you can check them out here: http://butterflylabs.com/ When I use this calculator: http://www.alloscomp.com/bitcoin/calculatorWith the current difficultly and exchange rate if you ran the lowest end $150 model 24/7, the Bitforce Jalapeno, you'd make $1,043.68 dollars a month, which is upwards of $12000 a year for $150 box. More staggeringly, if you dropped 30 grand on the highest end model, you'd make upwards of $4,000,000 a year. I realize this is all probability, but I'm wondering if I'm missing something, what I can think of is this: with the introduction of new, more advanced hardware the difficulty will get higher and returns lower for individual owners of these things. That, and the availability of the machines themselves. Let me know if I'm missing something completely, but this looks very promising.
Investing in an ASIC miner. Information, tips, tutorials and opinions please!
Hey reddit, so i'm looking into buying a '30 GH/s BitForce Little Single SC' miner from Butterfly Labs, and i'd like to know as much as i can! My main questions are: Is it a good idea overall? Will i be competing against other miners and will my weekly income be lowered by this? I will be running it from a fairly old computer, are there any requirements it will need to run it properly? What are some good tips if i wish to constantly leave the set up on? (cooling etc) Can anyone help me setting up whether to mine alone, or in a pool, which is better and more likely to profit well? And finally, can anyone help me with a tutorial on setting it all up to spec? I don't want to get anything wrong. Thanks to anyone who can help! I've been researching bitcoins and mining for over a month now and i'm still quite new to the idea.
[WTS] Last chance, only 19 hours left! 6.6 GH/s BFL Miner
I'm selling my BFL miner on Ebay. It sells in 19 hours, so if you bid the highest, I'll accept Bitcoins as payment (you can see in the description I say that I'd accept alt-currencies, with a wink wink nudge nudge). If you have any questions, please ask!
Butterfly Labs BFL 5 GHash ASIC Bitcoin miner - Tested and working at 5GH/s
Butterfly Labs 5GH/s ASIC Bitcoin Miner. PRICE: 3.5 BTC Let run for a few hours as quality check and, got 5.3GH/s on average. IMAGE LINK FOR PROOF: http://i40.tinypic.com/1zcpdnc.png INCLUDES Free Coffee Mug 5 GH/s Bitforce SCTM (ASIC) Miner USB to mini USB Cable Power Adapter (110v-240v) International ORIGINAL BOX All BitForce SCTM product warranties. Circuit Board: Lifetime of the product line or minimum of 1-year Fan & Power Supply: 1-year Warranty FREE Shipping To purchase: send payment to this address - 1AvbHuWbQneAxzHy1XBpvk16T8KeyXJBek and pm me afterwards.
I recently found out about Bitcoin Mining and I find it interesting. I did some research and it seems like Bitcoin mining could be pretty profitable. To start out with my mining, I was wondering if it would be worth it to purchase the Butterfly Labs BitForce Bitcoin Mining rig. How much money will this make a week? Thanks! https://products.butterflylabs.com/homepage/5-gh-s-bitcoin-miner.html
[WTS] YOU HAVE TO WIN IT FIRST! 6.6GH/s BFL Miner BWAAA
Catchy & attention grabbing title: Check. I'm selling my BFL miner on Ebay. It sells in 4 days, so if you bid the highest, I'll accept Bitcoins as payment (you can see in the description I say that I'd accept alt-currencies, with a wink wink nudge nudge). I don't THINK it's against the rules to post here for something on Ebay, if it is please let me know.
A copy of the email as follows: Shipping Update View this email in your browser Products Support Forums Contact Us BFL Products Shipping Now May 1, 2013 Dear seppukkake, Shipping of our BitForce SC ASIC miners has begun! You may have seen news reports of our ASIC miners in the wild and some of you may have already taken delivery. It's all true. We're finally shipping. You will receive your order as we work through the shipping queue . If you didn't know, you can check your order status on our website. Log in by clicking here. Use the same email and password you set up your account with. If you don't have your password, use the Lost Password function to create a new one. So what took so long? This third generation of our SHA256 engine was a complex multi-year investment in bringing the latest semiconductor technology to bitcoin mining. Developing a fully custom 65nm ASIC processor is not a casual undertaking. In fact, the new products have improved mining speed by a factor of 72. This much advancement doesn't come easy and it's fair to say that getting here has been eventful. The key issue has been the engineering related to accommodating larger power draws than expected. A good example is the Jalapeno product. It was originally designed to be powered by USB but now consumes the power of a small light bulb (30w). Consequently the power regulator, enclosure, airflow and PCB needed upgrading to suit. Although we are very aware of the undesirable dynamics of any delay, we were nonetheless obligated to make these updates in order to deliver a reliable product at the expected performance. The same adjustments have been made with all products in the lineup. You can see the adjusted product cases in our currently posted product lineup. (The Mini Rig case will be double shipped to satisfy their orders which is why we've run out Mini Rig enclosure stock). Final confirmation is required Please be advised that due to the adjustments described above, we need your confirmation prior to release of your order into the final build queue and on to final delivery. It may also be a good time to review your purchase altogether relative to the bitcoin market as this is the last opportunity to do so. If your order is not confirmed, it will be canceled and your money will be refunded. Thank you for your support and we wish you great satisfaction with your product! Jalapenos Out the Door Packaged for its adventure to a new home. Bye Jalapeno! Your owner eagerly awaits your arrival. Easy Miner Beta Release An easy way to mine with a GUI and real-time Bitcoin statistics, developed for Windows and Android. Linux version coming soon. Download and participate in the beta by clicking here. New Single Form Factor The new form factor for the Single. The new body offers room for performance growth while keeping things ultra cool.
While we have been reporting on late shipments of Bitcoin miners from Butterfly Labs, hope is on the horizon as the first of the new Single Bitforce SC (Super Computer) 60 GH/s units has been ... The first 500 gigahash per second ASIC mining rig from Butterfly Labs has been put into operation, as reported on the Bitcoin Forum.We recently reported on the first shipment of the Bitforce SC 60 ... Butterfly Labs. Home; Animals; Cars; Celebs; Games; Health; House; Lifestyle; Sport; Style ; Tech; Home Bitcoin Top 7 Bitcoin Mining Platforms in 2020. Bitcoin; Top 7 Bitcoin Mining Platforms in 2020. By. Walter E. Land - March 31, 2020. img source: thebalance.com. Regardless of your profession and even personal interests, surely you know what Bitcoin is. This cryptocurrency was made public in ... Fast forward to today when Butterfly Labs offers for sale their BitForce SHA256 Mini Rig. The base configuration of this rig contains 18 FPGA cards and costs $15,295 (plus s/h). The illustration above shows a rig holding its maximum 24 FTPA cards. The result is the first time that 25 Ghash/s has ever had such a small physical footprint. First of Butterfly Lab’s BitForce 500 GH/s mining rigs seen in operation The first 500 gigahash per second ASIC mining rig from Butterfly Labs has been put into operation, as reported on the Bitcoin Forum.We recently reported on the first shipment of the Bitforce SC 60 desktop miner, and at the other end of the hashing spectrum is Butterfly Lab’s BitForce 500 GH/s unit.
Bitcoin and Litecoin Mining Rigs. See the differences
Bitcoin mining mexico butterfly labs 10gh/s - Hackwise - Duration: 9:37. HackWise 86,415 views. 9:37. How to Setup Rockminer T1 800-900 Gh/s ASIC Bitcoin Miner - Duration: 14:06. ... 8 Butterfly Labs Bitforce Singles Power Usage with stock power bricks and then a Corsair AX1200 First, 8 Singles running on Bitminter with stock power supplies. and a Watt Meter Quick Shot of the ... Butterfly Labs Monarch bitcoin miner information on power connections and more. ButterflyLabs uploaded and posted 5 years ago Most bitcoin miners make a lot of noise. My BitForce SHA256 Single bitcoin miner. I then take a look inside (teardown / review) of the Butterfly Labs ASIC 5 GH/s Bitcoin Miner: BitForce 5 GH/s SC Model: BF0005G Pictures of the teardown on my forum: Link to be posted soon ...