About the BlackArrow Compensation for X1/X3 customers : Prospero X36

[JeffZwolle]

Anybody already read about the BlackArrow Compensation for X1/X3 customers ? : Prospero X36

http://www.blackarrowsoftware.com/store/index.php?dispatch=news.list
23-12-2015: http://www.blackarrowsoftware.com/store/compensation-available.html

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Black Arrow is happy to announce that has finished the design and testing for our latest miner: Prospero X36

Features:

    many times cheaper to manufacture than X3
    based on the 28nm Minion ASIC
    30-40% less power (around 0.6-0.7W/Ghash at the wall)
    3x smaller than X3
    3x lighter than X3
    10-20% faster than X3
    boots in less than 1 second
    more stable
    external PSU

Drawbacks:

    Louder than X3
    No LCD
    No GUI
    Designed with cost in mind therefore it is not very beautiful

Compensation for X1/X3 customers:

With the availability of this new miner we can start providing the promised compensation to most of our X3/X1 customers.

Unfortunately our current financial situation prevents us from building new miners free of charge therefore we cannot offer these miners for free. For this reason we are offering to almost all our X1/X3 customers more hashing power than we have promised initially but they must pay the manufacturing costs for the miners and we will offer the ASICs for free.

Our offer is to build X36 (2.2Thash) for each 1 Thash we have promised in compensation if the customer is paying the manufacturing cost of the miner.

Manufacturing cost to build a miner with 36 chips is 2500 RMB (US$390). They also require 2 x PSUs which cost 200RMB each (2 x US$31). As specified above this cost does not include ASICs cost which is paid by us for almost all customers to which we have promised compensation. Prospero X36 reaches 2.2 to 2.4 Thash at 0.6-0.7W/Ghash at the wall.

We will not be shipping this miner out of China. For foreign customers, in order to use this miner we will be hosting it in our data centre. The customer will have no configuration rights and we will mine towards the pool that we choose. At the moment it costs 19.21 RMB/day of hosting for 2.2 Thash. We will send to the customer periodically (around once or twice per month) the revenue in Bitcoins that remains after we pay the hosting fee. This fee includes maintenance of any failed miners so the customers does not need to worry about repairs. After the first 3 months (which are the warranty period we offer for these miners), we will charge a maintenance fee which is calculated by dividing the repair cost of failed miners between miner owners and their share.

Customers who wish to proceed with this compensation are invited to place the order on our website. In order to benefit of the free ASICs offer, please use the same email address that you have used to place your order for X3/X1 and write in the notes their order number for X3/X1 and the compensation expected.

This is not a preorder, the miners are in stock and will beging hashing within 2 working days.

Please note that at the moment these miners cannot be shipped out of China for these reasons:

    High domestic power fees makes it unprofitable to host the miner at home.
    The 5000 RPM fan generates loud noise which makes it unbearable to host it at home.
    We cannot provide warranty due to high shipping costs and customs fees.
    They require a CE/FC certification.

However, if you still want to have the miner at home or your own datacentre, please let us know. If there are enough customers to make CE/FC certification worthwhile, we will get it and ship the miners.

Legal notes:

    The compensation is being provided by Black Arrow voluntarily as a dedication to our loyal customers.  We are not obliged by our current or previous contract to provide it and we can withdraw this offer at any time, as we see fit, without a reason or any explanation.
    All orders are final, no refunds will be issued after we have sent the first mined coins to the customer.
    The hosting is provided by a 3rd party and they (not us) will be responsible of safekeeping of your miner.
    Power outages can happen from time to time and no compensation can be provided for it.
    This offer is not available to few customers that will be announced in private should they place the order with us.
    Our standard terms and conditions apply.

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Total costs for me (X3): US$ 894
Hosting: US$ 3,- /day

https://alloscomp.com/bitcoin/calculator :
difficulty: 93448670796
-> BTC 0.01237776 BTC /day = US$ 5,14
after next difficultychange: BTC 0.00973987 = US$ 4,05

US$ 8,10 (2 units) – US$ 6 (hosting) = US$ 2,10 profit /day
US$ 894 (2 units) / US$ 2,10 (profit/day) = break-even: 426 days = 61 weeks = 14,2 months
(if the next difficultychange and BTC-value remains)

_{calculation edited:
a unit costs more: 2 psu's needed for each unit
1 unit + 2 psu's = US$ 452
however: http://www.blackarrowsoftware.com/store/x36.html : US$ 447}

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[wikkidtt]

What a joke

[sidehack]

So what about people with less than $3/day power who already have PSUs? Also, it looks like they may have finally figured out how to get a Minion to about the 0.55W/GH chip-level that they advertised during preorders. Only took 'em two years. Also what about orders that came through resellers like Minersource and were never filled?

[dogie]

Also what about orders that came through resellers like Minersource and were never filled?

Gone to nothing, as is the needless risk you take with resellers.

[digit]

nice joke, already paid compensation twice over still received nothing, now they want more.   
wheres is their US based partner in crime minersource.net / matt carson / bobsag3 in all this?  Is he going to provide more photos of his visits to the Black arrow offices again?

[sidehack]

Is he still working for Oregon Mines? Does Oregon Mines still exist?

[DebitMe]

Why do they even try?  Their reputation is shit, they are getting sued, they have proven that they can't build a functioning machine, and on top of that, their customer support is so bad its not even laughable.  These are the most worthless bunch of people in all of ASIC Bitcoin land.  At least BFL was able to put out a couple iterations of miners before going under, these guys couldn't even build one that functioned!  Anyone who sends these crooks anymore money is just asking to be robbed even more.  What a joke by a joke of a company!

EDIT: OH HAHAHAHA, this isn't even for a miner shipped to you!  This is for a miner hosted at their data center, presumably because they can't get the CE certification for it (or it doesn't exist, either way).  Well, anyone who ordered their last round of cloud mining remember how it went?  I'll remind anyone who forgot, they didn't even start them up and stole all the money!  The ones they did start up lasted a couple of months and then they stopped paying out.  Greedy assholes.  Oh meanwhile, they had been running miners in their own datacenters for months while spouting delays and such as to why they couldn't ship miners.

EDIT2: Not to mention, this W/GH ratio is so bad, that every other company has made better ASICS on their PREVIOUS generation of miners!  These things are so old, that plugging them in just about anywhere in the world will generate a loss right off the bat.

[OgNasty]

Laughable that their compensation is miners that are not only more expensive per hash than the last generation of ASICs, but it's actually less efficient as well.  Why on earth would someone buy one of these instead of a used S5, or a new S7?  How delusional are the folks at Black Arrow?  

[notbatman]

How about they give back the money they stole from me instead?

[Mitak]

At least some info on new cheap design.
It will be interesting to see what they did
If all this is real of course

[heslo]

Question to BA... what have you been doing for the last year while sorting out this compensation? Apart from stealing from your customers that is.

What about the people that you still owe units (not compensation but original orders) to? Will you finally ship them so they can use them as functional door stops?

[notlist3d]

Look at specs: "30-40% less power (around 0.6-0.7W/Ghash at the wall)" that is pretty crappy now day's.  So they have at least a gen old chips running these "new" machines.

Also "We will not be shipping this miner out of China. For foreign customers, in order to use this miner we will be hosting it in our data centre".... so for everyone out of china you will be paying to host in their data center and they make money on data center.... so quite horrible on that.

I would be surprised if anyone want's this gear even considering who it's from.

[sidehack]

And given their estimated power use, $3 per day plus maintenance is a decent rate but not great. At 2.2TH and 0.6W/GH I can think of several places to host for less than that. I'd pay less running it at home or hosted at my shop.

I can't complain directly about their inability to fulfill original sales, as I was primarily on the receiving end of a screwover by Minersource who claims Technobit with the assist; however, that wouldn't have happened if BlackArrow had gotten their butts in gear in the first place. I guess they just haven't figured out what to do with all their old Minion chips they fab'd last year and couldn't get rid of - or didn't want to get rid of. Maybe they actually already had these machines running for a while now and figure they can try to unload them to the few rubes left with any faith in them to recoup some more investment before disappearing entirely.

[heslo]

Maybe they actually already had these machines running for a while now and figure they can try to unload them to the few rubes left with any faith in them to recoup some more investment before disappearing entirely.

Nail on the head there buddy!

[notbatman]

So how exactly is sending more money to proven liars and thieves with no guarantee of receiving anything in return compensation for being lied to and stolen from?

[notlist3d]

So how exactly is sending more money to proven liars and thieves with no guarantee of receiving anything in return compensation for being lied to and stolen from?

There is none that is why this thread is half a joke.  Who want's to buy old gen chip miners and pay BA for hosting?  No one want's this.

I would be very surprised if people jump on this, I think it screams avoid me.

[philipma1957]

Don't just wish instant karma would get. Them

[QuintLeo]

Sad joke, make you pay for a miner that's ALREADY OUTDATED as "compensation" - assuming they actually go through with this pathetic joke of a "compensation offer" for past failure to perform.

 I'm very happy I never bothered with this company.

[notbatman]

It would be nice if the police would act on the stack of complaints they've got against this company.

[heslo]

Sad joke, make you pay for a miner that's ALREADY OUTDATED as "compensation" - assuming they actually go through with this pathetic joke of a "compensation offer" for past failure to perform.

I'm very happy I never bothered with this company.

I wish I could say the same.... luckily I fared a lot better than most on here... I was only in for one X1