Wired finds out the new Butterfly Labs Bitcoin miner is utterly useless.
Wired got to be one of the lucky few to actually get a Butterfly Labs miner. Hey, you gotta perpetuate the scam somehow!
Here’s what they had to say:
Wired has taken possession of a 5-Gigahash per second Bitcoin Miner, built by Butterfly Labs — a.k.a. our very own digital money printing press. Or something like that.
We’ve powered up the miner and can confirm that its little red light turns on, that it burns hot, and that it makes the sound of a toy hair dryer. Whether it will melt or make you rich or not remains to be seen.
Not very impressive. So how can you get your hands on one? Well…
The Greatest Story Never Told
papamoi wants to mine bitcoins, and badly. In March he started asking around for info on some serious butt-mining hardware, looking for ASIC arrays and “super servers” that would feed his need for unbridled wastefulness. BFL wasn’t shipping, Avalon was only sending out orders in batches, and nobody else was producing comparable hardware, and his search had him running in unfulfilling circles until he found Liquid Nitrogen Overclocking.
Our story’s hero pestered the guys at Liquid Nitrogen Overclocking about building a custom mining server, and they responded that they could build him something that provided 1.7 terahashes of bitcoin-mining waste. Of course, he wanted proof, and they gave him the run-around several times, responding with jargon, claims of NDAs, and even appearing to confuse gigahashes with gigahertz. All the while papamoi has been scouring the BitcoinTalk forums for chips, PCB designers, and other high-performance hardware, to no avail.
Our intrepid hero was put off, but then the Liquid Nitrogen Overclocking team said the magic word: “Google.” Apparently Google has been buying “super servers” from Ed Trice in Philadelphia, instead of major, well-known manufacturers such as Dell, HP, or IBM. Lured in by the promise of amazing Google-caliber hardware, papamoi continued, and was surely happy to find that Google was totally cool with the fellows at Liquid Nitrogen selling some pubbie their exclusively designed servers.
Even Newegg loves Buttcoin!
Newegg knows their target market, making sure to mention bitcoins in their product specs. They also cater to our readers here at Buttcoin.org by mentioning butts! So build yourself an SLI system and let some coins fall out of your butt today.
This is what Bitcoiners actually believe
Following are dozens of quotes, mostly dredged from reddit and Bitcointalk.
- Sure, but it beats verifying all the transactions by hand like they did in the old days of quaint paper money, hahaha those poor bastards with their ”cash registers” and shillings and whatnot.
- I love this. People who try to make points like this against bitcoin don’t seem to realize how infantile cash and banking systems are in comparison.
- this is governments going OMG/WTF bitcoin is real–it’s a strong currency in the midst of our little currency war. All currencies are competing to devalue, simultaneously. BTC isn’t. This is like prohibition; as soon as inflation picks up, the masses will come.
- Using Xbox or PS3 to mine coins? Anybody tried this before? I know their GPU’s aren’t top of the line, but for people like me who don’t game much they could be going to much better use.
- I don’t think we are near the peak either. It’s fascinating to watch bitcoin grow, evolve and get its financial tentacles all over things.
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.
Bitcoin mining rigs: fire AND electical hazards!
It’s almost too easy, but Bitcoin mining rigs are almost always hilarious.
Categories: Buttcoin Tags: bitcoin, fire hazards, mining, mining rigs
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.
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!
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:
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:
This is an empty box made of fans. Enjoy these related upcoming Bitcoin products:
“Fellow bitcoin users[sic] house burned to the ground”
In an unironic event that electical engineers and home inspectors have been expecting and predicting for some time now, a bitcoiner’s house has caught fire and left one hapless captain of industry and six innocent bystanders without a home this winter.
Allegedly this is the result of someone soldering things, but that seems unlikely since bitcoiners are generally known for electical disasters such as the following and worse:
Heartwarmingly, the Bitcoin community has banded together to “help” their fellow, with predictable results.
Hey Buttcoin miners, show us your mining rigs!
Let’s see what you got!
On second thought, keep that shit to yourself.
Buttcoin Mining Accidents.
Buttcoin people are clumsy, fat nerds who have no business being around a computer, let alone trying to run 6 video cards in a pizza box. Luckily Bitcoin Mining Accidents is here to both mock and educate buttcoin miners.
Here’s a great annecdote:
miner ‘trentzb’ reports that after buying a pile of 120mm Delta fans, he left them teetering precariously on top of several four-card rigs. And they did not fare well there. Trentzb found that attempting to catch a spinning Delta fan results in finger cuts and broken fan blades. However, it took atleast three occurrences of these phenomenons know as ‘gravity’ and ‘fail’ before he learned to just let them fall. Try AirTran next time ??
Just fantastic. More here.
