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What is a bitoomba? Is that another casino site?
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No not worth it.
In order to mine for profit, you need cheap or free electricity, need power efficient ASIC mining equiipment, and decent cooling to ensure uptime and continuous operation.
Ideally this would be in a datacenter environment. Unless you have budget for both mining equipment and datacenter hosting, probably not worth it for you.
If you're just doing it as a hobby, a USB hub with a few USB miners should be fine for fun and learning about the technology.
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You can't be a millionaire in a finite world.
What do you mean by that exactly? Everyone can be a millionaire in Zimbabwe  I bet you can be a billionaire if a Nigerian prince contacts you. |
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Buying is the only way to go, you have high chances to make profit from it. As for mining equipment, the chances to recover is close to 0..
Closer to negative at the moment, especially with summer months approaching and the electrical costs due to air conditioning and cooling the equipment for the home miner. |
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So will earlier units ship with parts that others won't ship with? some people will be able to hit higher hashes with different X-1's? what was the power consumption at 140 GH/s? how do we know which units we get?
Is there a revised shipping schedule?
I still have no idea what power consumption/mining rate these will actually ship at. And we do not know if the 150 watts is for the chip alone or everything in an X-1.
Very cloudy, unclear what the shipping schedule is for X-1s. I'm just under the assumption the X-3 Batch 1 orders will get priority in assembling and shipping at this moment. Not sure why X-1 buyers received these emails, as they look automated probably set to send out from the original ship date. |
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still holding 100 BTC Wow, nice! Did you mine all that from the CPU/GPU days, or did you buy them? |
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Strange. Got an order confirmed from and a Dear Customer your order has shipped for my X-1s order from Minersource . Not sure what to take from that.
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Did knc really scrap the plan b hosting? I can't see them shipping neptunes by june.
I guess it's still there for whoever didn't go the refund or Frankenjup route. Either way I'm just hoping BA does right by its customers. Up the hash and give the PSU's for free, that's fair. Once they finally ship batch 1 and 2, do daily price cuts ala Bitmain and offer tons of coupons. That's how you make up the delay. |
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My life is just fine man.
If you don't think them scrapping the hosting for sending actual mining equipment isn't a reaction to what KNC is doing, then you have blinders man.
Competitor = KNC
They can't compete with Bitmain, they're already beat by them. Over 20% of the mining equipment out there.
X-1 is a dud, Ant S1's got them beat every which way, especially undervolted.
They can only compete with the the over 2 TH/s crowd, so that leaves KNC. KNC scrapped plan B hosting and sent Frankenjup's.
Black Arrow scrapped hosting and are sending equipment instead.
Reading comprehension, sometimes it's a good quality to have.
Why would BA care about kncs overpriced and overdelayed hardware? Also when did knc scrap plan b hosting? Afaik they still plan on hosting late neptunes in june. Maybe the increased comp has to do with one of the other 10 companies which are actually shipping competitively priced hardware? And how has bitmain beat them in every way? Blackarrows $1.7/gh is quite a bit cheaper than an s2 at $2.5/gh and quite a bit more efficient than an s1 $1.5/gh. Somehow missed that thread. I'll admit that even though that looks pretty sketchy it is insanely cheap. So $25 for the psu/parts would mean an s1 would be $1.25/gh at 200gh or about $1.8/gh at 140gh (matching minion efficiency of about 1.2w/gh) You're only right about one thing. They have to provide compensation to its customers just to stay in business. |
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If they were to match their competitors, like say KNC, they'd have to match 2 TH/s since KNC sent out an additional 3 TH/s for compensation(frankenjup issues aside).
This is exactly what they're trying to emulate. Not sure what you read this as.
No, when they first came out saying what they were doing in september, they had THE best prices you could find for hardware. Even though they were predicting Feb del, If they delivered then, it would have been still pretty awesome, but i don't think anyone saw bitmain coming out. I know if i had, i would have just saved my money for them. That promise to me means that they were to keep that same type of edge on their competition. If The going rate for one ant miner that hashes at 200ghs (lets use nice numbers for arguments sake, and they are def capable of doing 200 no issues) is 200 dollars, that is a dollar a gh/s. At 279+ dollars for 100 gh/s from black arrow, clearly the antminer is the better deal. To me black arrow means that they will either drop th price down to 99 dollars for each x-1 to stay competitive, yeah right, or give the people who ordered either cloud hashing or equipment that does the same thing. The price thing has nothing to do with KNC doing what they did with compensation. When they say match they mean match what ever is FOR SALE from the competitors. If you are really having issues with this, good luck with the rest of your life man  My life is just fine man. If you don't think them scrapping the hosting for sending actual mining equipment isn't a reaction to what KNC is doing, then you have blinders man. Competitor = KNC They can't compete with Bitmain, they're already beat by them. Over 20% of the mining equipment out there. X-1 is a dud, Ant S1's got them beat every which way, especially undervolted. They can only compete with the the over 2 TH/s crowd, so that leaves KNC. KNC scrapped plan B hosting and sent Frankenjup's. Black Arrow scrapped hosting and are sending equipment instead. Reading comprehension, sometimes it's a good quality to have. |
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This is what I see...   LOLOL great catch. I was still focusing on the upper ASICS.  |
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If they were to match their competitors, like say KNC, they'd have to match 2 TH/s since KNC sent out an additional 3 TH/s for compensation(frankenjup issues aside).
This is exactly what they're trying to emulate. Not sure what you read this as.
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Also, I don't think they owe us any compensation. No where did they promise to give compensation if they were late. I'm happy with what they are giving us. I realize some people are not. Everybody can't be happy.
Actually they did... Black Arrow promises to do its best to offer lower retail price than its competitors and guarantees that in the eventuality of a price decrease before shipment, all preorders will benefit of a proportional increase in hashing power. For this reason the customers who have been with us from the beginning will always receive the best deals. I don't want to get in an argument that does no good, but they don't mention any compensation if they're late, just security for early buyers if they sell it at a lower price. Yeah they did because they promised it at time of shipping, with others prices decreased and hash rates up the compensation comes from that. Again, it says they will match ghs at time of shipping. Nothing about if they miss the shipping date, you'll get compensation. I was only referring to compensation for being late. Shipping hasn't happened yet, so wait until then to complain. Then you'll have reason to complain about a broken promise if they don't match. EDIT: I don't have that much money in it (3 batch 1 X-1s) because that's what I could afford to lose if it all went to shit, which it had the strong possibility to do. I don't know why people are arguing with you, they never made any promise to compensation, just to give the best value of gh/s for your dollar. No company is going to come out and say "guys ya know if we miss the date we tell you we are shipping by we are going to give you free shit" because that means that is possible that they will miss the fuckin shipping date. That is not how most businesses operate. Most people actually TRY to live up to the standards they set for them selves. They don't putz around for a month setting up a random guys bitfury boards for him. Guess you missed this one then: Dear Customers, We just want to let you know that we have not forgotten our promise and we will match in Ghash any competitor at the time of shipping. There is no point in discussing yet what extra hashing power you will receive as we have not started shipping yet. ASIC price match announced in this thread is part of our promise. Regards! |
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Lol all I see is some renders on this site, where's the ASICS?  Don't think they've sent out a review model to anybody in BCT. Real scammy looking site. ALWAYS STAY AWAY FROM PRE ORDERS |
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Mining is the most expensive way. Hardware costs, overhead, maintenance, declining profits for each difficulty jump, and montlhy electrical costs vs just buying Bitcoin on an exchange.
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From the horses mouth: Dear Customers, We just want to let you know that we have not forgotten our promise and we will match in Ghash any competitor at the time of shipping. There is no point in discussing yet what extra hashing power you will receive as we have not started shipping yet. ASIC price match announced in this thread is part of our promise. Regards! Will that cover batch 2. I hope it does LOL come on man. Batch 2 is the red headed step child in all this. Ordered days apart from Batch 1 and get nada, zilch. Unless bobsag3 can work some magic somehow in his trip there for all customers. Doubtful. We get a slap in the face and a "bitch, please". But hey we get a discount next time we order.  |
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I am not sure I will goto Beijing where the headquarter of BITMAIN is, after reading some horrible story about the S2 here on the forum.
Please do if you can, I'm sure several of us are interested in their next offering if any. S3 on 40nm or 28nm chips perhaps? |
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From the horses mouth: Dear Customers, We just want to let you know that we have not forgotten our promise and we will match in Ghash any competitor at the time of shipping. There is no point in discussing yet what extra hashing power you will receive as we have not started shipping yet. ASIC price match announced in this thread is part of our promise. Regards! |
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I realize that most people are upset about delays and preliminary power specs, but these are some of the risks of preordering. All should have weighed the pros and cons of a preorder and acted accordingly. It was a gamble, that's how most preorders have gone. No ASIC manufacturer has met their delivery date and their specs, why should we think BA would without any problems. This is not a normal business community and is not operated under 'normal' business rules. Everybody who put down money should have done some research and realized this. We're not ordering a pc from Dell. There was a big possibility that shit could go wrong.
Also, I don't think they owe us any compensation. No where did they promise to give compensation if they were late. I'm happy with what they are giving us. I realize some people are not. Everybody can't be happy.
No more complaining please. It won't help get our miners quicker. BA knows some people are angry. We knew what we were getting in to, or at least should have. We took a gamble and it didn't turn out like we planned. Plain and simple. No more preorders, this is a way we as customers can end this.
I'm sure BA is frustrated and tired too. I just want a working product. Go BA!
I think most people are mad that they didn't invest all the money they had in Black Arrow into Bitmain, Spondoolies, or Gridseed products instead. If only if I had a time machine to last winter before submitting that order.... |
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