Bitcoin mining and fraud are an unfortunate reality we must face as an industry. From things like Bitconnect to Butterfly labs to even Onecoin, there are a lot of scams and fraud floating around. These schemes leave people high and dry with lost money and no product or service rendered. They play off of people’s greed and irrational ... Yesterday in an another twist of the SEC versus Butterfly Labs the Judge Brian C. Wimes granted a motion of to allow the sales of Butterfly Labs bitcoins to begin building up cash levels for potential customer refunds. The Temporary Receiver Eric L. Johnson made a sealed request (not available to the public) on October 29th to the judge requesting the ability to begin liquidating the Butterfly ... Here is a short list of things the people at KnCMiners have got away with the last couple of months. -KnCMiners has sent out old dirty used... Butterfly Labs has resumed shipping of their Monarch hardware for those customers still interested. Considering how out dated the 700 GH/s device is, with 2nd generation products from their competitors delivering almost 10 times the hash rate, it is doubtful that many customers will be interested in receiving hardware that’s unlikely to even cover the electricity costs needed to power it. I was only 20 years old when I witnessed the crypto boom in 2017. It got me interested in both crypto and trading and I was drawn in by the hype around the massive gains being made in this sector. It took a while for me to mature and learn about myself as a trader. There were moments where I checked my crypto-assets right as I got up and panicked into a frenzy, trying to make gains and recover ... Butterfly Labs customers have submitted nearly 300 complaints to the US government, a new report finds. OpEd: In Butterfly Labs Case, FTC Shows Little Regard For Bitcoiners February 29, 2016 By Ian Demartino Last month, news came out [via CoinDesk and ArsTechnica ] that the FTC had settled its case against Butterfly Labs and co-founder Sonny Vleisides for a largely symbolic combined fine of $19,000 ($4,000 for Vleisides and $15,000 for the Butterfly Labs itself). Mt. Gox, Mintpal, Hashfast, Butterfly Labs, and Robocoin: Blunders in Bitcoin Business By Coinbrief Last updated on February 22, 2018 at 11:33 No Comments The fact that Bitcoin itself acts somewhat like a corporation is a fact that has been highlighted on Coin Brief in the past . In June 2012, Butterfly Labs started pre-selling their BitForce mining hardware, a product line which was priced from $149 to $29,899, and upfront payment was required in full. According to the ... Butterfly Labs has a refund policy for customers who are fed up waiting but, nevertheless, the bitcoin forums are buzzing with irritated buyers. The ASIC business had started promisingly for ...
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