So overall BA most likely KNEW that they can't meet their specified date on 24th of February.
They instead said "we're on time or slightly ahead of schedule" to keep people from asking for refunds and drum up sales for Batch 2.
Now it's Opps...
This is like TerraHash all over again...
Topic: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s - page 290. (Read 787053 times)
Hey everyone,
Just wanted to take a second to say I'm sorry about everything.
Matt
Just wanted to take a second to say I'm sorry about everything.
Matt
Thanks for that at least. Making estimates of how long an engineering project will take and how much it will cost is notoriously difficult, and most of us understand that. However, you guys really need to improve communication with your engineers and transparency on the whole.
Moving on.
Matt, can you read btmtb's open letter (https://bitcointalksearch.org/topic/black-arrow-28nm-100ghash-bitcoin-asic-from-049ghs-294197) and my comments and tell us what you (and your bosses) think about it? I think Black Arrow's faithful early customers deserve a bit more than 25% * 4 months.
Also, if you can facilitate order transfers, I think we can prevent a few refund requests by buying and selling the preorders amongst ourselves. I think this could save you guys a lot of headaches and maybe some lawsuits.
Hey everyone,
Just wanted to take a second to say I'm sorry about everything.
Matt
Just wanted to take a second to say I'm sorry about everything.
Matt
Matt, you may be forgiven, but the reputation of the Black Arrow just took a HUGE nosedive.
Absolutely. In a few months we'll be back up where we were. We WILL be successful in this launch.
Hey everyone,
Just wanted to take a second to say I'm sorry about everything.
Matt
Just wanted to take a second to say I'm sorry about everything.
Matt
Matt, you may be forgiven, but the reputation of the Black Arrow just took a HUGE nosedive.
Hey everyone,
Just wanted to take a second to say I'm sorry about everything.
Matt
Just wanted to take a second to say I'm sorry about everything.
Matt
Well I feel completely shafted. I would really like to see some solid proof that this is not just a complete sham tbh.
There's a growing number of people desperate to offload their pre-orders on Ebay. Seems confidence in Black Arrow has evaporated.
Hopefully the situation improves and the company can provide some proper guidance and meet delivery deadlines.
No cash and no hash, tough situation
If you look at the difference with Cointerra, people are just mad. They didn't get what they thought. In this case it's not just that they aren't delivering. Confidence has evaporated b/c they have been dishonest about it
What I would like to know is, who is the competition ?
I know there is BFL with their "Monarch", and frankly, that is the least of my concerns...
But what other company has next gen ASIC machines and what are their release dates ?
I know there is BFL with their "Monarch", and frankly, that is the least of my concerns...
But what other company has next gen ASIC machines and what are their release dates ?
Hi all!
I have 5 pre-orders from BA (4 pcs - X1 and 1 pcs - X3).
But now:
1. Order X-3 from Dec 2013 - Processed - 25% Extra
2. Order X-1 from Oct 2013 - Processed - 25% Extra
3. Order X-1 from Oct 2013 - Processed - 25% Extra
4. Order X-1 from Sep 2013 - Processed
5. Order X-1 from Sep 2013 - Processed
3 orders - status "Processed - 25% Extra" and 2 orders status "Processed" (without changes)
Somebody has such situation?
I have 5 pre-orders from BA (4 pcs - X1 and 1 pcs - X3).
But now:
1. Order X-3 from Dec 2013 - Processed - 25% Extra
2. Order X-1 from Oct 2013 - Processed - 25% Extra
3. Order X-1 from Oct 2013 - Processed - 25% Extra
4. Order X-1 from Sep 2013 - Processed
5. Order X-1 from Sep 2013 - Processed
3 orders - status "Processed - 25% Extra" and 2 orders status "Processed" (without changes)
Somebody has such situation?
If February 24th was the target, then at least 65 days before shipment of first batch users if May 1st is the new shipping date.
Over 2 months delay, with only meager proposed compensation to Black Arrow orders, and no word of offer to Minersource customers.
Over 2 months delay, with only meager proposed compensation to Black Arrow orders, and no word of offer to Minersource customers.
I wonder what are those months of delay ppl keep talking about? For all my life I thought that between end of February and start of May is just one month, and it is April. Please educate me, where are those 2 or 3 monthes of delay?
And yes, I am very disappointed by delay of my order.
And yes, I am very disappointed by delay of my order.
Doesnt March exist on your planet?
Well, depending when in May this could be a 4 month delay.
I wonder what are those months of delay ppl keep talking about? For all my life I thought that between end of February and start of May is just one month, and it is April. Please educate me, where are those 2 or 3 monthes of delay?
And yes, I am very disappointed by delay of my order.
And yes, I am very disappointed by delay of my order.
Doesnt March exist on your planet?
I wonder what are those months of delay ppl keep talking about? For all my life I thought that between end of February and start of May is just one month, and it is April. Please educate me, where are those 2 or 3 monthes of delay?
And yes, I am very disappointed by delay of my order.
And yes, I am very disappointed by delay of my order.
As someone else in this topic (at the begining) tells "stop the policy of preorder and using customers as bank to have founds", i will tell him "You are wise" i will follow tto, this line forever no more preorder with no asic manifacturer...
When they will be ready to ship in two days i will see if i will buy...
In this world, where the exact time vs. difficulty is the crucial key to se if an investment will make some profit, is not possible tu use a crowdfounding business model to produce new hardware.
Cheers.
I said almost the same thing over 4 months ago near the start of this thread, it has served me well since....
https://bitcointalksearch.org/topic/m.3217642
Pre-ordering any hardware has historically been a very bad decision, avalon batch #1 is the obvious exception, but that sort of return is never going to happen again.
Well I feel completely shafted. I would really like to see some solid proof that this is not just a complete sham tbh.
@BA / Blackarrowsoftware (hope this tags you)
Im a bit puzzled..
Fair enough that your a bit behind schedule. You promised compensation so i guess we will be compensated.
But the lack of information is annoying. Why on earth arent you sending out emails to clients? - I mean... I thought that was the idea of putting my email in the contact info.. Come on guys.. you can just do a mass email.
Im a bit puzzled..
Fair enough that your a bit behind schedule. You promised compensation so i guess we will be compensated.
But the lack of information is annoying. Why on earth arent you sending out emails to clients? - I mean... I thought that was the idea of putting my email in the contact info.. Come on guys.. you can just do a mass email.
hero member
Activity: 532
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TaaS is a closed-end fund designated to blockchain
Is not good at all not only for May, When all this started was Feb.
Looks like BA will be ready always in 90 days doesn’t matter when you ask is "in 90 days"
I said when all this started that this pre-order model where customers put the money to finance the company and they run with the risks but not the benefits is totally exhausted, just see BFL, Avalon, Cointerra, HashFast, KnC to say the more relevant... If we don't learn from the experience we have no future.
We are miners not an investment bank, if a Venture Capital don't invest in this companies why we should do it?
I believe in a model where if we "invest" we may get a fraction of the profit, in the other hand we bought from BA because we think is possible to make money and now the situation looks quite dark but if in May Bitcoin price is $6000.- we may forgot all this and smile again, if they deliver next week and Bitcoin goes to $260.- we will cry, is a highly volatile environment.
For me "alea jacta est" now we need to relax and wait there is not much we can do now is a waste of energy to cry on this.
TMC
Looks like BA will be ready always in 90 days doesn’t matter when you ask is "in 90 days"
I said when all this started that this pre-order model where customers put the money to finance the company and they run with the risks but not the benefits is totally exhausted, just see BFL, Avalon, Cointerra, HashFast, KnC to say the more relevant... If we don't learn from the experience we have no future.
We are miners not an investment bank, if a Venture Capital don't invest in this companies why we should do it?
I believe in a model where if we "invest" we may get a fraction of the profit, in the other hand we bought from BA because we think is possible to make money and now the situation looks quite dark but if in May Bitcoin price is $6000.- we may forgot all this and smile again, if they deliver next week and Bitcoin goes to $260.- we will cry, is a highly volatile environment.
For me "alea jacta est" now we need to relax and wait there is not much we can do now is a waste of energy to cry on this.
TMC
Pheewww !!!!
In october i was tempted to make a pre-order having 3 fpga bought from BA to redeem, but something said me to don't make the deal (My bad preorder bfl experience was here telling me to wait....)
I'm proud of myself to listen to my internal voice to "don't make the preorder !!!"
As someone else in this topic (at the begining) tells "stop the policy of preorder and using customers as bank to have founds", i will tell him "You are wise" i will follow tto, this line forever no more preorder with no asic manifacturer...
When they will be ready to ship in two days i will see if i will buy...
In this world, where the exact time vs. difficulty is the crucial key to se if an investment will make some profit, is not possible tu use a crowdfounding business model to produce new hardware.
I'm sorry for all the ones who make this deal.
Cheers.
In october i was tempted to make a pre-order having 3 fpga bought from BA to redeem, but something said me to don't make the deal (My bad preorder bfl experience was here telling me to wait....)
I'm proud of myself to listen to my internal voice to "don't make the preorder !!!"
As someone else in this topic (at the begining) tells "stop the policy of preorder and using customers as bank to have founds", i will tell him "You are wise" i will follow tto, this line forever no more preorder with no asic manifacturer...
When they will be ready to ship in two days i will see if i will buy...
In this world, where the exact time vs. difficulty is the crucial key to se if an investment will make some profit, is not possible tu use a crowdfounding business model to produce new hardware.
I'm sorry for all the ones who make this deal.
Cheers.
- I do not wish to cancel my order, but the 25% / 4 months compensation for the breach of contract is not sufficient to cover the loss in mining capacity over the timeframe of the delay. I appreciate the fact that you are making an offer, but can you please review the level of this duration. My suggestion of what I would like to receive is 100% of my mining speed order, for 2 months duration minimum. This is the equivalent number of pure GH's that we're losing due to this delay. I know this doesn't account for the increase in difficulty, but it's a more acceptable offer in real terms.
[/li]
Quote
I think this is a pretty fair compromise. Sixty-five days at 2 TH/s is 11232000 TH or about 11.2 exahashes. We're losing 11.2 exahashes due to the delay, so I think BA should deliver us those 11.2 exahashes in the cloud as soon as they can. True, those exahashes won't have the same value in May as they would in March, but I'm okay with writing that off as a loss.
I think it would be hard for BA to deliver 100% for two months, though. That would mean they would have to produce double the volume of ordered miners just to meet those hashing obligations. On the other hand, 25% for 8 months would be too huge of a loss for the customers. I think 50% of the hashrate for 2x the length of the delay would be a reasonable compromise.
zurg, the emails were only sent to people who bought directly from Black Arrow, and haven't been sent to Minersource.net customers yet.
I bough 2 X-3's directly from BA.
- I do not wish to cancel my order, but the 25% / 4 months compensation for the breach of contract is not sufficient to cover the loss in mining capacity over the timeframe of the delay. I appreciate the fact that you are making an offer, but can you please review the level of this duration. My suggestion of what I would like to receive is 100% of my mining speed order, for 2 months duration minimum. This is the equivalent number of pure GH's that we're losing due to this delay. I know this doesn't account for the increase in difficulty, but it's a more acceptable offer in real terms.
[/li]
I think this is a pretty fair compromise. Sixty-five days at 2 TH/s is 11232000 TH or about 11.2 exahashes. We're losing 11.2 exahashes due to the delay, so I think BA should deliver us those 11.2 exahashes in the cloud as soon as they can. True, those exahashes won't have the same value in May as they would in March, but I'm okay with writing that off as a loss.
I think it would be hard for BA to deliver 100% for two months, though. That would mean they would have to produce double the volume of ordered miners just to meet those hashing obligations. On the other hand, 25% for 8 months would be too huge of a loss for the customers. I think 50% of the hashrate for 2x the length of the delay would be a reasonable compromise.
zurg, the emails were only sent to people who bought directly from Black Arrow, and haven't been sent to Minersource.net customers yet.
Well, what an interesting thing to wake up to.
I checked my email and nothing yet.. but ..ugh.. cant wait.. NOT.
What email address did this email come from?
Thanks
I checked my email and nothing yet.. but ..ugh.. cant wait.. NOT.
What email address did this email come from?
Thanks
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