Posts tagged "ASIC"

Bitcoiners fall for yet another blatantly obvious scam

I would like to introduce to you the “Cryonic FrostBitâ?˘ Bitcoin Miner,” a device so revolutionary in the world of computing that its innovations could only be put to proper use in a bitcoin miner.

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Posted by killhamster - June 1, 2013 at 5:29 pm

Categories: Buttcoin   Tags: , , , , ,

bASIC overheats, releases magic smoke

Last night Tom from bASIC, “Next generation Bitcoin mining hardware” built in his garage, blew a gasket:

these type of threads are BULLSHIT

we have always honored our refund requests but a thread like this basically just kills my business

Ask yourself this question:

Do you want a nice friendly refund as we have been giving or do you want to completely put me out of business?

because if you completely put me out of business than you are going to have to come to NY to take me to small claims court.

ask yourself this question, do you really want to come to NY to take me to small claims court? or do you just want to wait your turn and quietly get your requested refund as hundreds of people already have. Keep with the mob mentality its only going to keep you separated from your money longer.

this thread is bad for anyone seeking a refund, and the mods need to take notice and remove threads such as this.

HELLO CUSTOMERS
this is not good for you. Please stop.

im reporting this to the mods myself – I encourage others to do the same.

-Tom

This occurred throughout multiple threads on the Bitcointalk forums.

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Posted by killhamster - January 23, 2013 at 10:38 am

Categories: Buttcoin   Tags: , , , , ,

Butterfly Labs demo is literally just hot air

Last week the annual International CES was held in Las Vegas, Nevada, where consumer electronics manufacturers could display and demo thousands of iPhone cases and televisions. Somewhere amongst the unloved and unwanted entrepeneur projects, we found our Bitcoin friends shilling for Bitpay and Butterfly Labs, a “company” who has in the past manufactured FPGA mining rigs for the Bitcoin elite and now promise an even more efficient miner, containing ASICs, making it absolutely useless for anything aside from turning electricity into heat and play money.

No PCI Compliance! Fraud protection is for chumps!

Of course their delivery of said product has been hounded by delays and broken promises. Despite this, at CES BFL had an exciting new product to show off: a demo unit of one of their new FPGA miners!

Of course it's Android

As can clearly be seen here, it contains an Android tablet (a Nexus 7, to be exact) showing some sort of diagnostics or progress. Bitcoiners were understandably excited, they’ve been promised this machine for ages and its original ship date was to be some time in December. Those who have pre-ordered one of the expensive mining rigs could finally see what was in store for them. Before we get to that, let’s take a look at the booth on a busy day at CES:

That is their "booth babe."

It looks popular, right? In actuality, only three of these people are not employed by BFL, Bitpay, or otherwise involved with the booth. Can’t say this is terribly shocking.

Moving on, anybody who was the least bit observant could tell something was up with BFL’s demo. The tablet’s display didn’t change, leading to speculation that whatever it was showing was only a screenshot and that the device wasn’t functional. This was confirmed later on during the week:

Delivering on promises since 2012!

This is an empty box made of fans. Enjoy these related upcoming Bitcoin products:

Thanks Three Olives! Thanks Dogtanian!

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Posted by killhamster - January 16, 2013 at 12:12 pm

Categories: Buttcoin   Tags: , , , ,