just doing currency pair arbitrage with your money, make a directional bet after getting the funds, if btc/usd move in the right direction, they make a lot of money, if the pair moves in the wrong direction, you take the hit - refund btc if btc goes down, refund usd if btc goes up. They have no risk.
i also got a bridge in my backyard for sale if you guys still think they can make some useful hardware.
Topic: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s - page 224. (Read 787053 times)
I will hold off on judging until they tell us what the state of the chips are. If they've come back, work as expected, and they don't have to make any major changes to anything, it's quite possible they can deliver on time. But like everyone has been saying, the stars need to align for it to go off without a hitch.
So less than 3 weeks till delivery is supposed to start? No chips in hand yet and no working proto??
Me thinks the delay train is about to run over some more investomers
Yeah we have started to really notice, there was more faith a couple weeks ago but now the question is how are they going to compensate for Me thinks the delay train is about to run over some more investomers
1:Not making their second delay when they were supposed to be shipped in Feb.
2: Not being able to compete with rival companies now for price and ghash.
It's beginning to look like deliberate deceit, like they never had any intention of honouring their delivery schedule.
They are so far off the pace it could be next year before some folks get their hardware.
meanwhile...
https://bitcoinwisdom.com/bitcoin/difficulty
So less than 3 weeks till delivery is supposed to start? No chips in hand yet and no working proto??
Me thinks the delay train is about to run over some more investomers
Me thinks the delay train is about to run over some more investomers
Why BA must convert the payments received in btc to fiat currency ?
In the moment they make the exchange start to generate taxes and financial expenses.
Is much better hold it as long as you can specially if at least part of your suppliers also accept payments from you in Btc
I guess If the Btc remains in the zone of 1000$ we don't have this conversation.
In the moment they make the exchange start to generate taxes and financial expenses.
Is much better hold it as long as you can specially if at least part of your suppliers also accept payments from you in Btc
I guess If the Btc remains in the zone of 1000$ we don't have this conversation.
Bitcoin Miners progress update – 10 April 2014
1. Minion
Received news from Global Foundries: they are 8 days ahead of schedule and will ship the wafers next week
Have discussed and received great support from our packaging company, we’re looking forward to receive the chip.
1. Minion
Received news from Global Foundries: they are 8 days ahead of schedule and will ship the wafers next week
Have discussed and received great support from our packaging company, we’re looking forward to receive the chip.
It would appear they are waiting for wafers this week and they require packaging into chips.
Being a BA customer is like renting the downstairs apartment in an outhouse.
^This
With the broken promises and delays, this sums up exactly how i feel. I am finally at the point where i am one more delay away from pulling out completely. Granted i am only in for 2 X-1's, but we are almost halfway through april and BA don't even have a working prototype... Come on BA, this is getting ridiculous.
I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
Sigh... so let me get this straight, they refund you lesser amounts of bitcoin than what you paid for (in USD). I wonder if the tables were turned around and the BTC price was higher, would they still be refunding you the same amount of in BTC
We all know the answer to that question.
I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
Sigh... so let me get this straight, they refund you lesser amounts of bitcoin than what you paid for (in USD). I wonder if the tables were turned around and the BTC price was higher, would they still be refunding you the same amount of in BTC
I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
Bitcoins will go up, the miner never will. The miners will get cheaper when all is done. I think you did right.
I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.
In the mail says that If you don't accept this conditions, the order will go on.
I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.
Price promise:
We are looking for long term partners and wish to be your only BTC ASIC supplier by providing required stock on time and competitive market price (will price match on $/Ghash any BTC ASIC company as long as their offer is genuine and stock available at the same time as ours).
Here is where your hard earned pre order money went!
EDIT: They are able to give away samples of chips and $10,000 discounts, and yet they cannot improve the compensation package...?
Price promise. LOL. These guys are lying sacks of shit that also promised their customers they would give us enough hashpower to ROI and are now fucking our brains out and changing their tune on that while running down the path on other shit, which they apparently do have money for.
I hate these fuckers more every day.
^This.
Read it again and again, read it and know it's true.
Blackarrow are filth.
The "price promise" basically just encourages batch 1 customers to believe that they subsidized BA developing a FAB that they can then use to cut lucrative deals later on, leaving batch 1 suckers holding the bag.
Hey Batch 2 customers have paid also and they don't even get any compensation they have had to wait also maybe not as long as batch.
Everyone who is waiting on a $ refund from me either via wire or check should get a response by tomorrow night, been super hectic between switching banks, NYC Conference and dealing with our new partner, Microcenter.
Matt, please get back to me, it's been 2 weeks -- I've sent PMs, emails and left a phone message and I'm just not hearing anything back.
Thanks,
-Tom
Totaly agree with you here.
I hope this is the case! But we heard everything was on time until the end of January the last time. We'll see...
Great. I have had faith that they will come through for us. Hopefully that ends up being the case.
I think though that people shouldn't bother pointing at existing numbers for anything. Until they ship the price of Bitcoin is going to be up and down. What is a factor today may be twice as much tomorrow, or half as much. Just have to wait and see.
Hopefully though this good announcement won't be followed by a delay announcement.
I think though that people shouldn't bother pointing at existing numbers for anything. Until they ship the price of Bitcoin is going to be up and down. What is a factor today may be twice as much tomorrow, or half as much. Just have to wait and see.
Hopefully though this good announcement won't be followed by a delay announcement.
Thank you for reiterating this promise. I would also like to see a reevaluation of the compensation plan for Batch 1.
@ BlackArrow
I can show you someone who is more competitive than you and will ship on promised date:
The details:
Supplier A
1 GHS = 0.00415 BTC
100GHS = 0.415 BTC Which is there cost for the same amount of GHS you are promising.
Blackarrow
$373 for the unit at BlackArrow (min quantity 10)
$410 for the unit at MinerSource
At current exchange rate 1 BTC = US$359
Your price is now more than 1 BTC, for that same amount of BTC I can get over 200GHS of Cloud based Mining at CEX.io using their May Futures and I bet it will land before you ship.
Even at there current daily price you could probably get 100GHS right with the rate sitting just over 0.010 per GHS
If anyone found this interesting and would like to sign up there, I would appreciate you using my referral link https://cex.io/r/2/ceslicknz/0/
Good luck
I can show you someone who is more competitive than you and will ship on promised date:
The details:
Supplier A
1 GHS = 0.00415 BTC
100GHS = 0.415 BTC Which is there cost for the same amount of GHS you are promising.
Blackarrow
$373 for the unit at BlackArrow (min quantity 10)
$410 for the unit at MinerSource
At current exchange rate 1 BTC = US$359
Your price is now more than 1 BTC, for that same amount of BTC I can get over 200GHS of Cloud based Mining at CEX.io using their May Futures and I bet it will land before you ship.
Even at there current daily price you could probably get 100GHS right with the rate sitting just over 0.010 per GHS
If anyone found this interesting and would like to sign up there, I would appreciate you using my referral link https://cex.io/r/2/ceslicknz/0/
Good luck
Bitcoin Miners progress update – 10 April 2014
1. Minion
Received news from Global Foundries: they are 8 days ahead of schedule and will ship the wafers next week
1. Minion
Received news from Global Foundries: they are 8 days ahead of schedule and will ship the wafers next week
Wouldn't this mean that:
If they were just on time, then 8 days from next week, say the 16th, would be the 24th which would be not much time to go from chip to finished miner. I just dont see it by May 1st, even with being 8 days ahead.
First a little bit of chartism for the serious investors
lol If you make a quick analysis of the Bitcoin chart the price has a strong support in the zone between 370 and 400 $ (the lost of this support means the price will drop deep to the bottom) in the other hand the next resistance is first the 560 $ (200 days moving average) and after that the zone of 600 $ if the price can break this resistance in the next days/weeks we will see the beginning of a bullish trend. In my opinion this option is more probable but of course I can be wrong.
ok today price close was 357,57$
time to close all positions (or open shorts) and wait to see where is the price ground Jump to: