Topic: [Closed]R17x: Black Arrow Prospero X-3 <DZMC Exclusive> $130 / 40GHS - page 45. (Read 121869 times)

+1

Got burned in R4 and now R17 seems to be going in the same direction. While I don't think DZ & co have acted in bad faith, I do believe they should have been more cautious when formulating the refund policy.

Wow.

I don't blame DZC for what's happened.

I do know that I'm not going within a million miles of a BTC mining investment ever again.

Talk about learning hard lessons.

 I will say this they made all current payments on hashing rounds today  some good news.

I think whats best for this co-op to survive is not jump to conclusions about them unless there is significant hard facts linking this in one big circle. That one guy (Forgive me whoever you are.. I just woke up) Has put a lot of time into finding out because he gets a bad vibe. Let him do his work.

 If im a investor, would I sink new money into this? HELL NO, Not Yet!
Would I be worried if I am a current investor? Yes, Defiantly.

 I hope this works out well for you all. I think a lot of the pressure has come self inflicted by expanding too big too fast. + THE BFL EXPERIENCE that people have fresh in their minds of DELAY AFTER DELAY.

Asciminer / Antminer / KnC have shown us how to under promise and over perform. Now we hold every company to the same standards.. as we should

   well round 17 has a lot of hash ordered about 70th or more.

 so that is more then 1750 shares at 130 usd or  227500 usd.  and the 70 th on order is a very rough estimate since I am quoting a dz mining post. 

I know that I had order 651 and order 1370 IIRC  for my first and last orders of round 17.  that means more then 700 orders were made on this. 

It would be nice it we got beta units now and a lessor hash started. fast say feb 10th 2 weeks early.  this would actually  help the problem a lot.

if I got 10gh a share really fast it would hold me off for quite a while.

If it turns out that they in fact aren't going to ship till May and the only compensation they are going to offer is 25% which goes live when it ships once we hear what Bob has to say when he gets back from his trip I think we should put up a vote to refund ALL of R17.  I know the coop leaders are buddy buddy with BA but that is unacceptable if you ask me.  I would hate for that to happen... I would really like Bob to get back and say were going to get a large number of Beta units or something to get us up and running but 3 months late is going to kill us.

yes I updated that round 15+16 was paid which is good.

it appears that a round 24 payment has been made

https://bitcointalksearch.org/topic/m.4890511

 not so sure as to the accuracy that it was paid out to all 63 share holders since i have 0 shares of round24


the fact that r9-r12 was paid is good it was about 13 coins paid

it looks like more then 15 coins were paid for rounds 15+16  also good news.

and it looks like rounds 23 and 24 were paid off.

so rounds 5+6 are not paid and the coins are sitting idle

https://blockchain.info/address/19NAwha8LGpRFEBwRgjH5ZMB9YyXeqyY9V   =   1.853
https://blockchain.info/address/13fGQGmb6Xi576ppJTkeXk34yDDRmvxjm4    =  2.5

this is good that the current  hashing gear  has been mostly paid in full     r-9-r12, r15+16   r23  ,r24  all paid.

 and the money for 5+6  while not paid is still in the correct wallets.

So short term  the hope is :

1)the hashing rounds continue getting paid.
2)the sale of r9-12 is made and btc paid out
3) bog/borito  comes back from his trip with real and good news.

Well lets see how this looks on Monday morning.

R15/16 was paid yesterday at full promised amount. I am reporting this for completeness sake. Obviously the guys are under extreme pressure right now. I wish them all the best.

   no and that is the difference between philipma1957 aka judypug1956  and bobsag aka borito4

 

  BTW   rounds 5 and 6 have not been paid.   And no news on the sale and payment of r9-12 gear to the 400 shareholders.


 I don't want to talk doom and gloom, but it is depressing.

 Lets go the route that the gear comes in may 10th not feb 24th diff will be  more then 10 billion in may vs 3.5 billion in feb.

so 40gh a share will earn    .039btc in 1 week at 3.5 billion if we got it feb 24th

 and 40gb a share will earn .013 btc in a week at 10 billion if we get it may 10th

if they boost us 25% to 50gh it will earn .016 btc in a week.

  

So for us to survive this fiat profit  btc needs to jump past 2k.  and of course dz  coop has to continue to exist .  

 So I have to ask what could I do to keep dz coop alive and kicking.  I don't really know since I don't know any full names of any of the players.  I know the old mining site has been poofed. I have almost no hard info to go on.  I have a lot of hope and I know others do  but frankly it is depressing. Maybe they will carry on and maybe they are honest.
 
The sale of r9-r12 and giving that back to us shareholders would be nice.  
The payment of round 5+6 would be nice.  
I have to check to see if 15+16 was paid. along with 23 and 24

edit
rounds 15+16 have been paid.

along with round 24 still checking round 23

Ya but is judypug1956 labeled a scammer by the forum itself?

No, I have 2 here is why if my main account gets password hacked I can get on the forum with my lessor account and tell everyone about the hack.

my lessor account is

judypug1956

https://bitcointalksearch.org/topic/m.4442073

https://bitcointalksearch.org/user/judypug1956-166799

At times I have 4 or 5 thousand dollars on order with my philipma1957 account   if the really long password is hacked I can try to do damage control with the judypug1956 account   .  you kind of need to have 2 accounts because of restrictions on a newer account.  this is a forum rule to restrict newer accounts.  so if the bitterdog account is hacked it is harder for you to get a new account and tell everyone what has happened.

Best regards Philipma1957
aka judypug1956

"In terms of what bobsag3 (or borito4, I have to say that I too am uncomfortable with multiple accounts) should try to do in London:
if we have to wait all the way until may, then maybe we should just agree that BAs initial policy of disallowing group buys was well-founded and that a cancellation with a full refund would be the least painful way to go about things."

I second this.

Quote to illustrate my acceptance of the basic law of ASIC pre-orders. Delays will happen per default.

While language in the OPs indicated that refunds would be possible until very late in the process, the fact that the BTC at the very least is not on hand for refunds at present is not hard to grasp.

This project was sold to us as a CO-OP and the spirit of a CO-OP is share the good, share the bad.

In terms of what bobsag3 (or borito4, I have to say that I too am uncomfortable with multiple accounts) should try to do in London:
if we have to wait all the way until may, then maybe we should just agree that BAs initial policy of disallowing group buys was well-founded and that a cancellation with a full refund would be the least painful way to go about things.

At this time I will not participate further in the discussion regarding the DZMC refund policy or lack thereof.

Bob's second account "borito4" being labeled "SCAMMER" member is not a good sign the more I think about it.  Can you elaborate a bit Bob on why that account was "somehow labeled a scammer, when it shouldn't be." according to DZ?  How many people do you have to piss off?

I mean cloudhasher isn't labeled scammer and that guy has pissed off everyone with cloudhashing which is pretty much an outright scam.  And that's just one of many accounts like that. 

The policy has not been "changed," it has perhaps (we shall see) been reneged upon. If you entered into an agreement with the refund policy in place, as you said you did, then the other party can't "change" the refund policy on their own.

Just found out about this issue by reading this thread.

The only definite I know is that I paid for 6 shares and signed up due to the lure of a refund policy that has now been changed (as mentioned previous times in this thread).

Why are people permitted to have 2,3,4 etc accts to post on these forums? If someone is caught with multiple forum accts they should be IP banned and all accts linked in some way so they cannot hide.

Multiple accts gives the smell of scam. Im not saying Bob or DZ are scammers.. I simply don't know. The multiple accts etc do not shine a nice light on this co-op

Cross post:
I'm not hiding or anything(I didn't hide the whois intentionally), just don't know why you care. I'm just not exactly active on the forums. I have made a commit(https://github.com/ckolivas/cgminer/commit/47956df9036fb838ecdfca417117286b558fdd2a) to cgminer though.

PG I appreciate your efforts to enlighten us all, but right now you are just coming off looking like a vulture and feasting on our carcasses. Seriously, 5 Btc? Wtf.

This thread is too funny! Thanks to Matt Carson and Matt X, I now offer up the follow: https://bitcointalksearch.org/topic/black-arrow-28nm-100ghash-bitcoin-asic-from-049ghs-294197


Since I'm such a good guy, even though Matt X has demanded you all put me on ignore, I'll share the following for free: http://webcache.googleusercontent.com/search?q=cache:eCD_qOXvJF8J:www.updown.com/member/borito4/networks+&cd=6&hl=en&ct=clnk&gl=us

For those who know how to Google hop, the James Hilliard connection is not too far away. For those who don't, 5Gs via BTC. Trust me, you'll come way ahead if you pay me for the info if you can't find it yourself. And, for those who do find it, please keep it to yourself, for it's time for me be make bank after all I've done for free, then take it up the ass from those that later turned out to be scammers. The pattern is exactly the same here with Black Arrow. Make no mistake.

I'm putting my reputation on the line with this one, while Matt X only has his throwaway pseudonym at risk.

James Hilliard!!! Remember that name.

~TMIBTCITW