Well this now looks even worse, even BFL is offering pretty good compensation plans for their tardiness. An extra 250% of hashing power for batch 1 customers! Puts BA to shame. You know your behind the times when you out BFL, BFL.
Yea bfl is totally putting BA to shame..
A $5000 monarch has gone from 600gh -> 1000gh
Where as a $4000 prospero has gone from 2000gh -> 2900gh
Jimmothy, I have not bothered you or your comments on BA this entire time. I have seen your input as valid and have even taken to heart some of the things that you have said. And yet you come out attacking everyone no matter what.
A prospero is ~$6,000 first of all, BA is giving their "compensation" package to everyone, not just those who paid at the very first price. Also the $5000 monarch is going from 600 GH to 1.6 TH, please understand the full package before trying to refute.
Hopefully the 2.9 TH/s will be able to be run at a home, given the high power consumption running at that level, it will be a stretch to fit one of the X-3 boxes on a circuit.
BFL is actually giving the hardware to their customers whereas I get cloud mining that I cannot even resell when it becomes (if not already shipped as) worthless.
BFL is delaying 5 weeks, BA is delaying 8 weeks. (I understand this may change based on companies pasts, but for now that's what we have to go on, all biases aside). I am sure I do not have to tell you how precious 3 weeks can be in the mining world, unless you are BA and do not care about your customers interests in making a profit because all you do is manufacture mining equipment.
I thought BA compensation was only for batch 1 orders.
Bfl is not delaying 5 weeks. They promised delivery of every month since november. They will not ship in 5 weeks or even 2 months.
Anyways the 250% compensation is only for the earliest orders for a monarch and comparing it to the earliest orders of a prospero it is still lacking.
My point is that because they ripped off their customers so much, they can afford to give a better compensation.
I too wish we could get double the hashrate for compensation but that would mean we would be getting hardware for around $1/gh and BA couldn't afford it. Asicminer gen3 chips alone will be $1/gh
I'm leaning more towards yes they can afford to do better than what they have put forward, although without seeing their accounting records, there's no way of knowing that, so we're both speculating.
This product is an early mover in a market without fully developed competitive forces, launched at a time of high demand. Based on normal market theory, this is the time at which profit margins are highest.
KnC is giving equivalent hash power until their customers get a unit, and yes I know their units are more expensive. Cointerra reportedly gave their Batch 1 customers a free extra Terraminer IV for their difficulties and have stated in clear language that if anyone wants out, they'll issue a refund.
Black Arrow is operating in the same marketplace and, while these others can take these steps we're supposed to believe BA is unable, although they are arguably operating in the most low cost manufacturing location of the three. I simply don't believe that this is the best they can do. It's an opinion, of course, although it's based on some knowledge of market theory and the actions of their direct competitors, which seemingly tells a different story.
I could be wrong, of course, but that's how I see it.
Yeah where are the all-singing, all-dancing Black Adder fanboi club when they're needed? Maybe they can help re-light the candles when they blow out or chase the monkeys back to the sandbox where the management are busy faking images of the renders while eating the monkey's bananas?