Tag: bfl

Butterfly Labs Liquidates Assets on Craigslist

Butterfly Labs is a very infamous company in the world of Bitcoin and digital currency. Not only because of their Bitcoin ASIC manufacturing, but more notable for their inability to deliver products to customers. Things even took a turn for the worse when BFL announced their new cloud mining contracts just a few weeks ago. And right now, it looks like the company is selling off some of their “leftover” …
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Butterfly Labs caused the 2015 bitcoin crash

Background about BFL Missouri-based startup Butterfly Labs was shutdown by the FTC back in september. In June of 2012, Butterfly Labs became one of the first companies to announce a breakthrough in mining technology: application-specific integrated circuits, or “ASICs,” designed specifically to mine bitcoin 1,000 times faster. Butterfly Labs promised their customers that preorders would ship as soon as possible. But they soon became evasive, issuing a series of shifting dates. In …
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