Topic: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s - page 24. (Read 787035 times)

so everybody please, post your deleted posts again.

Big censor action again. 16 sides deleted.

Im glad i baild out and went with the chip conversion. transformed the 3 X1 into chips and got in with the group buy and now having 3 HEX4M 400GH/s miners.

To bad the BTC price is very low wich makes almost all miners worthless running them from your own home.

This is just for info really as this whole Blackarrow fiasco has left a very sour taste in many people mouths...

Back in November 2013 I looked at a few different hardware option and amongst others I chose Blackarrow. But being sensible I also hedged my bets in other companies.
But as this is the Blackarrow thread and the worst performing of my (small) investments I am sharing my thoughts on the single X1 that I ordered from Minersource.

Arrived at the beginning of October 2014 (LCD and Wifi) and has been earning on average 0.01 BTC every 7 days running at 1200Mhz/120Ghs.

I paid 0.4977 (at the time $422) including shipping.
So some simple maths tells me that I currently earn an average 0.0014 BTC a day. Ignoring difficulty increases (hahah yeah right) that would mean ROI in around 350 days.
When you factor in difficulty increases I can't ever see ROI happening. I usually aim for <180 days ROI which is still achievable with other products.

So today I have just sold the X1 for $160.
USD Total loss $422 - $160 - $11 earned mining = $251
But if we look at this in BTC I purchased at 0.5 BTC and sold for 0.4 BTC. Loss of 0.1 BTC

I then have to ask myself would I buy an X1 today for 0.5 BTC (~ $200).... and the answer would still be no, ROI will never be achieved.
Would I pre-order again? Maybe given a company with a good track record.

Am I angry with the whole situation? Not really I came out with minimal loss when you consider they could have taken our BTC and just disappeared.
But I do feel for the guys on here with $5k+ invested and still no hardware. I really wish you all luck and I'll be happy to help out anyway I can.

Needless to say I no longer have any need to monitor this thread (I'm not holding my breath for compensation), which after nearly 12 months of checking every few days might take a little getting used to.
http://en.wikipedia.org/wiki/Stockholm_syndrome

Good luck all

Package was refused yesterday so yea I aim to go and make sure this is handled properly...I'm in WA state about as far from BA as one can get and still be in the US, no matter its only about a 5 hour flight. Will let you know how it goes.

Thanks, I'll keep my fingers crossed. Would be great to end this pre-order drama in a positive way with a refund.

https://bitcointalksearch.org/topic/closedr17x-black-arrow-prospero-x-3-dzmc-exclusive-130-40ghs-335145

That's a positive development, do you have a link to this group buy?

Hopefully they will soon refund customers like me who bought directly from their store, I could really use the money for the upcoming holiday season.

MS is refunding ppl from their groupbuy of BA equipment..!

I'm sorry to hear that. Perhaps he is too busy selling his used equipment in the buy/sell marketplace subforum, things must be worse than we thought...fire sale time. Seriously though if anyone is interested in an adventurous "expedition" out to MS please PM me and we can discuss.

Thanks for your thoughts on this. I didn't know MS had anything to do with MicroCenter, that strikes me as odd. as far as refusing delivery, I think its a case of damned if you do damned if you don't, if you take the junk now u have something, however that something may burn your house or building down at any time or cease to function like has happened to many others here and then its SOL. Don't want to do the legal part but looks like no other choice, I PMed Bob and he has yet to get back to me.

Thanks for letting me know, I will be refusing delivery of my order today, anyone interested in going down to MS personally please get in touch with me, I am planning a trip out there. We can be like that guy camping out at Gox, wonder how they will like that shit.

^{(copied to prevent deletion on the moderated thread)}


I've refused the shipment last week, I wasn't expecting anything anymore from Minersource and suddenly someone tried to deliver the 2 X1's. Sad thing is my order was removed from the shipping queue months ago (cancelled) and I was promised a refund, which I never received.

I would be happy if they even refunded me half of what I paid by now..

I've tried to contact Minersource several times but they've been ignoring everybody for weeks now..

Good luck, hopefully BA and MS will do the right thing and start refunding their customers.

I've refused the shipment last week, I wasn't expecting anything anymore from Minersource and suddenly someone tried to deliver the 2 X1's. Sad thing is my order was removed from the shipping queue months ago (cancelled) and I was promised a refund, which I never received.

I would be happy if they even refunded me half of what I paid by now..

I've tried to contact Minersource several times but they've been ignoring everybody for weeks now..

Good luck, hopefully BA and MS will do the right thing and start refunding their customers.

Wait, what? Legal threats from MS? That is laughable...It's hard to know the best thing for me to do in this case, I could very well refuse the whole shipment, 300lbs (60lb x 5) of miners bouncing back n forth from MS should make for good business @ UPS at least and would likely get MS's attention, hmmm decisions decisions.

Has anyone tried refusing delivery and demanding something better from MS such as Spondoolies or equivalent ? I wonder if that is possible. Just getting burned so bad it hurts.

Are you mining with yours then? I have tried many many times to get a refund, but no dice. Figure can always join the class action later and try in vain to recover whatever scraps remain in the near future...here's hoping! These guys are done for...

I'd guess they're simply pulling the green caps. Check when you get yours. Without any update from BA, I highly doubt that MS has new power supplies.

Finally received notice of shipment from MS last week, expecting my 5 X-3's to arrive on Monday. Supposedly they have fixed the power supply issue (yea right). Virtually impossible to get any info from MS at this point, they have seemingly all but shut down communications. I did speak with the former co-founder of MS (Dan) last week, and he did confirm he has left the company, claimed he was going back to school. Good idea, get out of the burning building while he still can. Still don't know what I'm going to do with this junk when it arrives, I suppose I'll try heating my house during the winter until it catches fire and inevitably murders my whole family, there's a Christmas present worth celebrating! So who's working on the class action already???

out of the 6 x3 I have in hand - (note each is actually only 1TH per 3U), 4 are running fine, one doesn't see all the chips and one has a power supply that sparked and pop when first plugged in and now reads the fault/alarm light.  None of these are the ones that I pre-ordered from minersource --- that one still hasn't been received -- and one of the alleged co-foundered of minersource I found out left at the start of october.  What a bunch of crap this has been.

Fortunately BlackArrow claimed that if they released late then they would send additional hardware to compensate for the late release based on the current market.  So the good news is - every 1 x3 (2TH) should  get an extra 10 or 12 TH received according to their original agreements.  Or they should just man up, hike up the skirt, grab the chestnuts, liquidate and refund what's left.  It's clear that Black Arrow screwed the pooch on this one and might as well run for the hills.