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Bitcoin Difficulty: 13,462,580,115
Estimated Next Difficulty: 17,479,523,014 (+29.84%)
Adjust time: After 743 Blocks, About 4.0 days
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Update: 24th of June 2014
1. Batch 1 hasn't shipped.
Reports of a resellers order of X1s (100Gh/s unit) being received have surfaced.
2. Batch 2 hasn't shipped.
3. Customers requesting refunds are being refused and placed in a "refund queue".
4. No shipping date provided.
5. X1 now obsolete.
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I stuffed a rabbit in a hat. Now both the hat and the rabbit are missing.
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Smoking left-handed cigarettes has about as much relavence to this cluster-fuck as Jack Daniels.
All that matters is that customers get what they pay for, in this case hashing power on or around February 24th 2014.
It's currently June 23rd 2014 and the next difficulty jump is about 17 billion. This is 5.5x greater than on February 24th 2014. BA now owes every X3 customer 11Th/s and every X1 customer 550Gh/s.
BA and it's resellers simply can't deliver. We have been scammed weather they ship our obsolete units or not. It's clear customers won't be receiving any compensation for the lies and broken promises based on BA's refusal to discuss the topic in their updates.
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Do coins with inputs from a pool count?
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After two months of "next week" it seems BA has changed their tune, David says "this week" on their forum. KnC was "[last week]" @ 20nm.
How are the X1 customers doing? Enjoying your 100Gh/s miner?
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Update: 23rd of June 2014
1. Batch 1 hasn't shipped.
2. Batch 2 hasn't shipped.
3. Customers requesting refunds are being refused and placed in a "refund queue".
4. No shipping date provided.
5. Customers hopes of an eventual return from their purchase of hashing power evaporate as the network difficulty approaches 17 billion.
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17 billion difficulty next jump, all on board!  |
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I've put my block eruptors back on-line and pointed them at 127.0.0.1:8332.
I now have some hope of breaking even.
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I'm not in the US, besides I'm sure Mulder & Skully are busy with more important duties. No response yet from my local online scam reporting centre. |
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We've started the design in June. The only difference between us and our competitors is that we do not give unrealistic time frames which we know we cannot meet.
We are confident that we will deliver sooner but we do not make promises that we might not be able to fulfill.
Warning: Trade with extreme caution! |
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Black Arrow's slogan: "We do not aim to make any profit" How did I miss this? In the very first post no less.  |
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...
"... We do not aim to make any profit on our first batch of ASICs and our sole target is to cover the manufacturing costs. ..."
...
Looks like this is a non-profit organization. What a way to solicit donations. |
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Update: 22nd of June 2014
1. Batch 1 hasn't shipped.
2. Batch 2 hasn't shipped.
3. Customers requesting refunds are being refused and placed in a "refund queue".
4. No shipping date provided.
5. Total lost revenue per X3 since February 24th at the promised hash rate of 2Th/s: BTC18.9 / $11,355 USD@Bitstamp.
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The delay train is on track and ahead of schedule for the delivery of its mass shipment of network difficulty. Bitcoin Difficulty: 13,462,580,115
Estimated Next Difficulty: 16,918,441,990 (+25.67%)
Adjust time: After 1288 Blocks, About 7.4 days
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Not sure there is a solution to the this "problem" that doesn't fundamentally change the idea behind bit coin. You can't punish people for having the money to buy equipment.
Sure you can, just take their money and don't deliver their equipment. |
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POS only works on altcoins that have been fairly pre-distributed.
otherwise the rich get richer and those with nothing continue to get nothing.
if bitcoin was to move over to POS then only bitcoin theives (karpales) and holders of exchange cold stores would get the coins. leaving average people with dust amounts.
POW is the best way, just like gold mining. if you can afford to buy the equipment you deserve the rewards
those that cant afford asic farms, just a few asics can atleast get more dust per block, than what POS would ever offer them.
POS is for hoarders who dont want to do any work or pay their electricity bills... pure lazy and greed
..moving on
I'm just a little sore about the situation being a Black Arrow Labs customer. I'm willing to entertain any solution to the current centralization threats with exchanges, pools and ASIC manufacturers run by bad actors. |
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My block eruptors are off-line. I'm all for changing the encryption to a CPU only algorithm.
Good, you're on board. Now we just need all the miners who have invested millions in ASICs to agree to make that investment worthless and we can make it happen. Considering that all the ASIC companies have decided to keep those millions and not deliver any product I don't see too many miners being upset. This would not necessarily cause ASICs to become bricks. If enough time was given between the announced change and the hard-fork current miners could ROI. The established chip makers such as AMD and Intel don't seem to have any issues delivering product. As long as the protocol still uses SHA-256 algo the ASICs (designed for bitcoin) would still work. SHA256 still works if PoS is the only mining mechanism. |
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"We’re pleased to announce touch-down of the first batch of our new 20 nanometer Neptune processors. They are now going through the testing/tweaking/assembly stage in Sweden and shipping will commence this week." -- KnC
v.s.
"We have finalized 2 versions of the backplane which we will send to the factory tomorrow. Once the backplane is ready we can start shipping. We estimate that to be around the end of next week pending factory's schedule." -- Black Arrow
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Is it true that customers who live behind the european curtain are looking at running a miner that could end up costing them money? How much life can they suck out of a customer?
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