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Interesting company / "press release". So their CTO is named "Nasser G", their contact is named "Nick W". They have venture capital funding by an unnamed "priva

by Atropos 14y ago

Interesting company / "press release". So their CTO is named "Nasser G", their contact is named "Nick W". They have venture capital funding by an unnamed "private equity group". According to their website, they are based in Kansas City, Missouri but if you search the states business register there is no "Butterfly inc." The trademarks “Butterfly Labs” and “BitForce SC” do not exist in the USPTO database either... Doesn't this seem a bit unusual for a company promising to deliver a $29,899 product?

mrkmcknz 14y ago
http://betsofbitco.in/item?id=141 http://betsofbitco.in/item?id=141 https://bitcointalk.org/index.php?topic=53530.0 https://bitcointalk.org/index.php?topic=53530.0 Doesn't look like the Bitcoin community ever received their first gen of products.
- mrb 14y ago
  Butterfly Labs is shipping real products. I personally own multiple units of their first gen product, the "Single". Many in the Bitcoin community own them as well: https://bitcointalk.org/index.php?topic=70611.msg813386#msg813386 https://bitcointalk.org/index.php?topic=70611.msg813386#msg8... That said, when Butterfly Labs pre-announced their Singles, it is true that many thought it was a scam... until they delivered.
  - mrkmcknz 14y ago
    Did the performance and power consumption live up to the expectations?
    - mrb 14y ago
      They claim 832 Mhash/s at 80W for the Singles. And, yes, my units match these characteristics. It is worth pointing out that before they had a Single prototype, 6 months ago, they had pre-announced 1000 Mhash/s at 20W... which turned out to be off by 5x in terms of Mhash/Joule. I think there is a fair chance that this ASIC pre-announcement will also fail to reflect the actual numbers. By how much? Who knows.
mrb 14y ago
They are registered in Wyoming: https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081 https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=1491... More details: https://bitcointalk.org/index.php?topic=53530.msg650163#msg650163 https://bitcointalk.org/index.php?topic=53530.msg650163#msg6...

by Atropos 14y ago

mrkmcknz 14y ago

http://betsofbitco.in/item?id=141 http://betsofbitco.in/item?id=141 https://bitcointalk.org/index.php?topic=53530.0 https://bitcointalk.org/index.php?topic=53530.0 Doesn't look like the Bitcoin community ever received their first gen of products.

mrb 14y ago
Butterfly Labs is shipping real products. I personally own multiple units of their first gen product, the "Single". Many in the Bitcoin community own them as well: https://bitcointalk.org/index.php?topic=70611.msg813386#msg813386 https://bitcointalk.org/index.php?topic=70611.msg813386#msg8... That said, when Butterfly Labs pre-announced their Singles, it is true that many thought it was a scam... until they delivered.
- mrkmcknz 14y ago
  Did the performance and power consumption live up to the expectations?
  - mrb 14y ago
    They claim 832 Mhash/s at 80W for the Singles. And, yes, my units match these characteristics. It is worth pointing out that before they had a Single prototype, 6 months ago, they had pre-announced 1000 Mhash/s at 20W... which turned out to be off by 5x in terms of Mhash/Joule. I think there is a fair chance that this ASIC pre-announcement will also fail to reflect the actual numbers. By how much? Who knows.

mrb 14y ago

They are registered in Wyoming: https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=149144214231010201167112190255028042109060235081 https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=1491... More details: https://bitcointalk.org/index.php?topic=53530.msg650163#msg650163 https://bitcointalk.org/index.php?topic=53530.msg650163#msg6...