Topic: Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s - page 123. (Read 96796 times)

Alright, well my hopes are high today, lets get the news of tape out!

That is the funniest thing I have read in a very long time, HAHA very nice!

Looks like a training session for the new PR guy...

"Shhhh! It almost tape out time."

Last week Romania became the 10th European Union nation to legalize medical marijuana. The country’s drug law was amended to allow certain cannabis derivatives to be used for specific afflictions, such as epilepsy and multiple sclerosis, along with augmenting a bitcoin mining operation.

wouldn't surprise me at all.   I asked early on in this debacle if they were mining for themselves and got the BA cricket choir response.   they manufacture mining equipment, so it seems pretty logical that there's something hashing away.

if it is true and this this is going straight into their pockets while their customers are sinking fast I wouldn't be shocked one bit.  based on their actions to date I have little little doubt that they do not give a damn about their customers.


they're still showing bitfuries as in stock:  https://www.blackarrowsoftware.com/store/40ghash-16x-bitfury-hashing-board.html


see this topic on their forum, started Jan 17, where a customer is asking why his delivery date has been changed to May:

http://ecointalk.net/topic/422-my-order-delivery-date-has-changed-to-may-why/


BA didn't actually announce this delay until when, the 29th I think, when they sent out that official e-mail.  when did they really know there was going to be a delay, I have to wonder.  They were still booking orders right through that Jan 29 date, as far as I know, without letting prospective customers know of any potential issues whatsoever, which, unless that thread above was just some odd coincidence, they absolutely knew about while still feeding their customers and prospective customers the BS song and dance.

we're on track, or a little ahead, last I heard.  blah, blah, blah.  we're still taking orders for batch 2.  blah, blah, blah.  look, here's a new rendering.  blah, blah, blah.  we're in this for the long term.  blah, blah, blah.    we care about our customers.  blah, blah, blah.   


and to this day still no clear statement on refunds.  blah, blah, blech.

I wish I could move 1 BTC at a time for the past 5 days: https://blockchain.info/address/1HC3dc4DubRat1P39YBBkwVRbph3ijbtPQ

http://www.youtube.com/watch?v=DP3MFBzMH2o 

So they are mining at around 15TH/s as we speak. What are they using to mine? Bitfurries? And why isn't that mining power being allocated to their customers?

As many times as I've read similar, Roger Ver should erect a billboard depicting such verbiage.

You guys want to see an amazing graph?: https://blockchain.info/charts/received-per-day?address=1JTNXgcVCMXhQrLEE9XW71fQjJN1uQpWf7

It stems from one of Black Arrow's wallet address: https://blockchain.info/address/1JTNXgcVCMXhQrLEE9XW71fQjJN1uQpWf7 They better hope that that's not their only wallet, otherwise they're in a heap of trouble.

This is how I found it: http://web.archive.org/web/20130428000608/http://www.cardreaderfactory.com/shop/lancelot.html

First deposit was on Oct. 19, 2012, and currently has $78,472.50 USD in it for anybody seeking a refund from Black Arrow. And, if that's not enough, you'll soon learn once you visit the address above that Black Arrow is garnering 5 BTC every two days via mining income while its investomers are in a holding pattern till May. Doing some quick math, that'll be 5 X 30 X 600 = ~$90,000 USD he'll receive during the next 60 days, while his investomers will only be earning (more quick math, so please check my work) 0 X 0 X 600 X (# of rigs ordered) = 0 during the same timeframe.

Now, I'm no MENSA dude, but to me the investomer's ROI is not looking too good at this penning, while Black Arrow is swimming in bitcoins, all the while checking his margins to see if he could honor any refunds. Perhaps, it's just some Romanian thing, and I'm simply a fuckin' idiot wasting my life away on this here laptop living in my dead mother's van down by the up-the-creek-sans-a-paddle.

~TMIBTCITW

"P and R, I have an important balancing-act assignment for you both."

in two weeks...

Don't forget, there's a 0% quadruple-vetted reseller fee that I'm entitled to due to bringing you two together.

Its actually an X-3, but I have an X-1, time to find out what its worth.  Make me an offer on it...

Ok, we seem to be getting away from BA and the topic of this thread a bit.  We should be receiving an update in the next day or two about what has happened in the last week.  I would also like an update on where we are at with hiring that dedicated PR person?  Almost every question I have asked has been ignored in the last couple of weeks, so I pose the refund question again...

BA has stated that they will not give out refunds to those who ask for them, instead they will pool everyone who wants one and see if they can cover it with available funds.  When is the cutoff deadline to decide if we can be considered for a refund?  How are you going to handle the fact that since your affiliate (aka MinerSource) is incorporated under U.S. law, is required to give refunds if asked?  Minersource has stated (only in PM's) that they will refund out of their overhead, but I doubt that will be enough for everyone seeking a refund.  Will this be addressed at all?

I decided to test market opinion of BA and see how the market currently views the price and image of BA by listing one of my units for sell in the good section.  I have very good rep and believe that anyone would have full confidence that I would hold up my end of a deal, so any offers would be considered solely market view of BA.  After more than 24 hours I have not had a single offer or inquiry on my offer.  I even included the compensation package as part of the deal, and still no one seems to want it.  I did not put a price up, but instead asked for offers for my device.  So what does this tell us?  Well I will let everyone form their own opinion, but I have come up with 2 options...
1) There is no market for the BA device, which is sad because we are still over 2 months away from it being launched or,
2) No one has faith that BA will deliver.
In either case I would say the outcome is not good, so I reiterate my question, how are refunds going to be handled?