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Topic: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s - page 291. (Read 787053 times)

sr. member
Activity: 397
Merit: 350
I ordered 10 prospero x-1 in december and was expecting delays but this is a bit more of a delay then i had expected.

just yesterday i sent in the money for antoher 20 prospero x-1. guess i should have put the money on cointerra instead.

oh well.

just makes current hardware that im mining with that much more valuable.
member
Activity: 92
Merit: 10
Guys
I'm not at all confident that you'll get your money back even if you try.  Several weeks ago, I went to the BA site and was looking around. I checked my invoice, and it had been altered.  I checked my original copy and verified I had purchased for a MARCH delivery.  The invoice had been edited to say it was now a MAY delivery.  I decided to request a refund on Jan 13th.  At first they didn't respond, then they kept asking clarification of what currency it had been paid in (bitcoin) stating that it had to be returned in the same denomination. On 27th they sent me an email saying the funds 'had left the bank'.  Strange place to keep bitcoin, so I asked for clarification and they apologized and said they meant to say they would pay in bitcoin.  They asked for a bitcoin address which I had given them numerous times.

Still no refund

On their internal forum people have been asking the same question about why their invoices had been altered.  The moderators have all been stating that it was a mistake, and just reflects what they are currently selling.  Then the email last nite.  BA has known they were gonna do this for a long time and have lied about it for weeks. Their inability to complete my refund goes way beyond ineptitude, and makes me wonder if anyone will get their money back
hero member
Activity: 818
Merit: 1006
If anyone wants to sell their preorder, I'm willing to buy one at 4.75 btc, a second at 4.5 btc, and a third and fourth at 4 btc. Subtract 0.2 btc from those prices if you paid your order after January 1st. PM me if you're interested.
erk
hero member
Activity: 826
Merit: 500
I'm irritated. Did only Batch 2 customers get this E-Mail, is it may only for Batch 2?
So Batch 1 could ship a little earlier?

@bobsag3, is it possible to change my shipping address of a paid X-3 on the old shopping system?
They haven't done tape out! understand what this means. 3months before they have any packaged chips for either batch.


I too would like to hear what minersource have to say about this, as that's where I placed my order.

legendary
Activity: 1225
Merit: 1000
I'm irritated. Did only Batch 2 customers get this E-Mail, is it may only for Batch 2?
So Batch 1 could ship a little earlier?

@bobsag3, is it possible to change my shipping address of a paid X-3 on the old shopping system?
legendary
Activity: 2212
Merit: 1001
2 month delay, thats like 2 years in BTC mining. Basically there wont be any ROI - with even extremely conservative difficulty increases (60% per month), we are looking at ~15B difficulty for early May.

Even with a few extra 25% "bonus" hashes which is a complete joke, these arent going to be worth nearly as much BTC as we paid for them. 2 months time for BA to "test" them for us? Nice, how thoughtful.

Sometimes you gamble and win, sometimes you gamble and get BFL'd.


15B difficulty is 102,000TH or 102 Petahash,I'm not so sure of this............we're around 16+ Petahash now,maybe 20-25 by late feb.

My guess by May.......40 Petahash,unless everyone else ships EVERYTHING.....50 or so Petahash.

Where are these doom & gloom calcs Huh

We in for a hard ROI,if at all,but lets be realistic  Roll Eyes
erk
hero member
Activity: 826
Merit: 500
So it's Feb in two days and  now BA admit they haven't done tape out yet!

Definitely something fishy there.

newbie
Activity: 49
Merit: 0
i think we should all cancel our order

they knew this before sell us their damn shit

they take our money & im sure they had ZERO problem to order minion (rememer they where available for purchase imediatly)
& create a big miner for themself .....

this is 1000% sure that they did this ....


alll sucker im gonna ask refund, & tell them to fuck off, i would have more interrest to buy more GPU for my rigs than to send them 5 k dollars

this is unacceptable
sr. member
Activity: 360
Merit: 250
CEO, Ledger
The bigger question is will BA deliver in May ?
I mean, does someone see anything else than an autocad render ?

A few days ago BA were telling they were on time, no problem. After silence. And then big delay announcement.
No legit company would communicate in such a way.

They obiously lied in their statements.
So what garantees do we have that their ASIC even exist for real ?

I've seen video of their previous PCB work ; but that was month ago.
The have cashed probably tens of millions of dollars with their pre orders.

Why should they even care about delivering something ?

If the product would really exist, they would post some pictures or video of the design.
I have huge doubts about the reality of their operations.

I'm not telling all this to troll, I have $60K in early orders at BA.

Eric
newbie
Activity: 51
Merit: 0
1st batch order, got same mail.
Expected a delay of 2-3 weeks but May…

Byebye our ROI but we all mine for the networks sake don't we? ;P

Swarm out, spend, accept and promote btc and see u back in May.
hero member
Activity: 1036
Merit: 500
2 month delay, thats like 2 years in BTC mining. Basically there wont be any ROI - with even extremely conservative difficulty increases (60% per month), we are looking at ~15B difficulty for early May.

Even with a few extra 25% "bonus" hashes which is a complete joke, these arent going to be worth nearly as much BTC as we paid for them. 2 months time for BA to "test" them for us? Nice, how thoughtful.

Sometimes you gamble and win, sometimes you gamble and get BFL'd.
newbie
Activity: 16
Merit: 0
Guys (especially ones that are fluent with laws) do we have legal grounds for refund option here?
full member
Activity: 206
Merit: 100
my deepest condolences  Undecided
newbie
Activity: 1
Merit: 0
so we take all the risks, while looking on the bright side... if there is one, and BA can keep promising us the sky's the limit. YAY! *sarcasm
hero member
Activity: 770
Merit: 509
Oh crap, don't think I can get back my 5BTC if they deliver it on May. Best case scenario it will return 3BTC.

Its not impossible. Nobody knows what the difficulty will be in 2+ months and you also have to remember you can resell the miner for around half the original price.
member
Activity: 119
Merit: 10
Oh crap, don't think I can get back my 5BTC if they deliver it on May. Best case scenario it will return 3BTC.
hero member
Activity: 770
Merit: 509
Although disappointing you can't say unexpected. Hopefully the competition will be delayed equally as long.

Anyways anyone know how the 25% extra will work for those who bought through minersource.net?
newbie
Activity: 9
Merit: 0
hey I just got an email from black arrow ...

Yea we all did (last 2 pages)

  Embarrassed
newbie
Activity: 6
Merit: 0
hey I just got an email from black arrow saying the 4 machines I ordered for almost 25k USD is going to be delayed for 3 months and be delivered with batch2. I immediately submitted a ticket saying that was unacceptable and they could either deliver my miners on time or refund me.

anyone else get that email??
I'll copy paste for you guys :

We have to inform you that our schedule to manufacture and assemble the system has been disrupted and we are unable to make delivery of the Batch 1 Minion ASIC chip on the initial scheduled date (end of February). We are now expecting to dispatch all Batch 1 orders on 1st of May 2014.

Please be re-assured we are confident that we have tried our best to accomplish our initial ambitious targets. However, we came to the conclusion that it is in the best interest of our customers to delay shipping in order to ensure that the product provides the best-possible user experience.

Without this delay we would have achieved 1.5W/Ghash which would have meant that our chip would not have been competitive at all.

We have now finalized the design process using our newly improved code and will start manufacturing the chip (tape out) in the next few days.

We are happy to announce that Black Arrow Software’s products remain on target for being the best in their class for power consumption. We confirm that our latest improved design has the following technical specifications:

·0.75w/Ghash on TT corner @ 25C which is expected to run at 120Ghash/sec.

·SS corner will be 0.6w/ghash and will run at 100Ghash.

·A further underclocking and underpower should be possible and should yield 80Ghash @ 0.5W/ghash. However, please note that this is not guaranteed to work stable.

Please note, that a further push for improvement in the optimization process would have guaranteed further delays for at least 1-2 months.

It is no secret to us that the Bitcoin mining process is proving to be more and more difficult every day. To compensate our loyal customer for the unforeseen delay of in delivering our miners for batch 1, we are happy to offer free extra hashing power which consists of 25% of your purchased hashing power from our Rent-Some-Minions cloud program for 4 months.

The account for the tape-out has been settled in full and we are confident that the delivery will be completed shortly.

We are taking all the necessary measures and positive actions to expedite delivery to you as soon possible and we are confident that we have the resources to be successful.

Please note:

·We estimate that the delivery for the Batch1 will coincide with the delivery of the Batch2

·The delivery of Batch2 remains unchanged

·The one-off offer presented above is open to the customers who placed orders for Batch1

Sincerely,

The Black Arrow Software Team

full member
Activity: 140
Merit: 100
double my hashing power or refund my money. this is not acceptable. we need to let them know this.

Won't be enough at current difficulty increase rate: http://www.evernote.com/shard/s1/sh/186d0816-5955-4188-9dbc-c7db10f779ec/435c091cf4428dd1473cd9fc92d88eec

They need to TRIPLE it and even then we break even (after 6 months).

A 32% difficulty increase to infinity is a little extreme,  no?  The network hashrate has to approach linear growth eventually. 
Not in 2014 I'm afraid.
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