5craziest
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Activity: 92
Merit: 10
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October 09, 2014, 05:58:52 PM |
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Black Arrow, There is talk on Ecoin that you are broke - Is it True?
Can we get some kind of official answers as to what is happenin?
Of course their broke |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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tempestb
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October 09, 2014, 06:14:05 PM |
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Black Arrow, There is talk on Ecoin that you are broke - Is it True?
Can we get some kind of official answers as to what is happenin?
They will just tell you that they are waiting on the PSU company to fix the PSU or the CE to come back for the PSU. Which may be true, but doesn't explain why the X1 production has ceased. They are out of money. If they are still building miners, it is probably the owners working around the clock putting them together, which would explain why they get shipped to Minsersource and others at a trickle pace. They need a wealthy benefactor to step in and save them. Or a miracle to happen to the price of Bitcoin. Neither is likely, but both are possible. Go ask your rich Uncle for the money, he might be interested in the 14nm tech they have. |
1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream... Alone
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Specialkey
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October 10, 2014, 06:10:44 AM |
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Black Arrow, There is talk on Ecoin that you are broke - Is it True?
Can we get some kind of official answers as to what is happenin?
Can you please post the link from ecoin? thx. |
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RoadStress
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Activity: 1904
Merit: 1007
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October 10, 2014, 06:22:39 AM |
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Black Arrow, There is talk on Ecoin that you are broke - Is it True?
Can we get some kind of official answers as to what is happenin?
Why would you believe anything that comes from BA? |
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Specialkey
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October 10, 2014, 07:03:44 AM |
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Black Arrow, There is talk on Ecoin that you are broke - Is it True?
Can we get some kind of official answers as to what is happenin?
Why would you believe anything that comes from BA? Really the " lol " of the day  |
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ElGrandJefe
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October 10, 2014, 10:23:17 AM |
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You should post that on the non-BA-moderated thread, too, before someone takes a break from assembling all those miners and decides to remove another 100 pages from this one. |
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Specialkey
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October 10, 2014, 12:08:29 PM |
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FROM http://ecointalk.net  Posted Yesterday, 04:55 PM They are not Chinese. If it isn't apparent, Black Arrow appears to be one or more Romanians who live in the UK. They pay Chinese companies to build their equipment for them. I believe they ceased production at their previous factory because the company they contracted out was very slow, and probably because they ran out of money. They found a new production company that can produce all the miners in three days, but I don't think they are producing anything, because they are out of money. (It would be obvious if they were, because in three days, they'd be done. Since that hasn't happened, you can figure out the rest.) I believe that they are looking for some kind of third party investor who will provide the necessary cash to complete production. In the meantime, they may be producing units themselves, slowly for lack of anything better to do. I believe the company is broke. They may be mining with some X3's to get enough cash to keep the lights on and pay people, and maybe finish a miner here or there by hand. But at this stage, it sounds as though they are just broke and looking for new investors. I would like to think differently, but when I ask about their financial situation and why they are unable to do certain things, their lack of answers indicates they are broke. No denials. No proof of any kid. I think if anyone looks at this with a clear head, you have a company that hasn't made a sale in over half a year, trying to pay people to build these miners. It's game over. Sure, they MIGHT find an investor. But this generation of miners are worthless unless Bitcoin goes to a thousand dollars a coin, but every difficulty increase that clicks by, no matter how small, shows us that the machines will be that much pointless to produce and ship out. It's a terrible situation to be sure. They took a lot of people's money, including mine, and gave them nothing in return. Being broke, they have no way to fix it. It'll come down to lawsuits and legal action before too long, because they won't be able to prove to any investigating body that they can make good on the contracts they agreed to. They are screwed. The only hope is some kind of angel investor, but I really don't see how one would step into this mess and waste money trying to fix it. Not unless they got complete control of the "company" and all of its IP. I wish Black Arrow luck in trying to sort this mess out. But the whole thing is a wash as far as I see it. Pretty soon I'll be able to get 2th for less than what it'll cost BA to ship me my units. Thx for posting. |
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odin1985
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Activity: 11
Merit: 0
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October 10, 2014, 11:46:28 PM |
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hello, anyone looking to sell the defective X3 units?
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Syke
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Activity: 3878
Merit: 1193
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October 12, 2014, 01:51:27 AM |
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I believe that we have already informed our customers of this: We are currently waiting for CE to check the X3. Until completed, no shipment can be made.
Another 2 weeks have passed. When is the PSU testing due to finish? |
Buy & Hold
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Unacceptable
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Activity: 2212
Merit: 1001
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October 12, 2014, 03:58:01 AM |
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I believe that we have already informed our customers of this: We are currently waiting for CE to check the X3. Until completed, no shipment can be made.
Another 2 weeks have passed. When is the PSU testing due to finish? Duh....2 weeks™  |
"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole." -Raylan Givens Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan |
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DonRavy
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October 13, 2014, 05:55:51 AM |
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I believe that we have already informed our customers of this: We are currently waiting for CE to check the X3. Until completed, no shipment can be made.
We would like to ask forum users to stop flooding the thread with obscene messages.
Thank you for your patience.
What about CE certification for the rest of the machine? The one YOU produced? |
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y_boonstra
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October 13, 2014, 06:57:35 AM |
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I believe that we have already informed our customers of this: We are currently waiting for CE to check the X3. Until completed, no shipment can be made.
Another 2 weeks have passed. When is the PSU testing due to finish? Next week.. |
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Specialkey
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October 13, 2014, 11:38:22 AM |
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I believe that we have already informed our customers of this: We are currently waiting for CE to check the X3. Until completed, no shipment can be made.
Another 2 weeks have passed. When is the PSU testing due to finish? Next week.. What goes around, comes around  |
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ninjaboon
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Activity: 2114
Merit: 1002
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October 13, 2014, 02:46:59 PM |
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the wait is killing me.
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server
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Merit: 1002
1 BTC =1 BTC
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October 13, 2014, 03:51:09 PM |
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the wait is killing me.
No, the 'wait' will not kill you, it will not burn down your house... the X3 will... disclaimer: I received several X3 units. Burn in hell Black Arrow ! |
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eightcylinders
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October 14, 2014, 02:48:29 PM |
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So long story short we've all been 'scammed'. Honest to god if it weren't for all the scamming and dishonesty from EVERY SINGLE investment I've made with bitcoin hardware and services, I would be pretty close to being a millionaire. Sadly and regrettably I am not. In all I have made a few quid over the years but it's absolute pittance to what I could have in my savings account right now. I'm out. BA you are the final straw.
My sentiment exactly. I will only buy from bitmain or fried cat from now on. Every one else has burned me, lied, decieved, disappeared etc. Black Arrow was supposed to be a trusted manufacturer and minersource a reputable dealer blah blah. No more trust except for those who have earned it repeatedly over many delivery cycles. |
My BTC Addres: 1PMEJCY6ofqmnAdYbdQqToZ7MNSAz35w7v =>Buy the world's first hardware wallet. Safer than paper and easier to use than smartphones. If you use Bitcoin you need this: Buy Trezor!! |
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tempestb
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October 14, 2014, 06:25:25 PM |
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So long story short we've all been 'scammed'. Honest to god if it weren't for all the scamming and dishonesty from EVERY SINGLE investment I've made with bitcoin hardware and services, I would be pretty close to being a millionaire. Sadly and regrettably I am not. In all I have made a few quid over the years but it's absolute pittance to what I could have in my savings account right now. I'm out. BA you are the final straw.
My sentiment exactly. I will only buy from bitmain or fried cat from now on. Every one else has burned me, lied, decieved, disappeared etc. Black Arrow was supposed to be a trusted manufacturer and minersource a reputable dealer blah blah. No more trust except for those who have earned it repeatedly over many delivery cycles. It's a wise move, but the entire exercise is to take a risk. You risked money here because there were various choices KNC, BFL, Black Arrow, and you chose the one you thought would pay off the fastest and earn you the most money. If you only go with the safest option, such as Bitmain, you might not get burned, but your profit potential is seriously diminished. It's a risk vs reward thing. This time the reward wasn't there. But if you were one of those people who risked your money on that first batch of Avalon's. Different story... Just buy coins and wait. In some years when the halving happens again, they are going to be worth some serious money. |
1D7JwRnoungL1YQy7sJMsqmA8BHkPcKGDJ
We mine as we dream... Alone
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mazedk
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October 15, 2014, 07:35:23 AM |
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Hopefully we should hear something
David has added to the forum at ecoin:
"I'm currently busy with an update. Just need to communicate it properly before posting it."
When asked if it will be today
"I'll do my best to get it out ASAP, but can't promise any date. It greatly depends how busy everyone is at the times I am able to contact them to decide what will be in it. "
I love the "everyone" ... the company is run by a man who's possibly nowhere to be found.. I wonder if david ever got paid..? |
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david105396
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Merit: 10
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October 15, 2014, 04:38:15 PM |
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Hopefully we should hear something
David has added to the forum at ecoin:
"I'm currently busy with an update. Just need to communicate it properly before posting it."
When asked if it will be today
"I'll do my best to get it out ASAP, but can't promise any date. It greatly depends how busy everyone is at the times I am able to contact them to decide what will be in it. "
I love the "everyone" ... the company is run by a man who's possibly nowhere to be found.. I wonder if david ever got paid..? how do you mean? |
Black Arrow Support
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Syke
Legendary
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Activity: 3878
Merit: 1193
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October 15, 2014, 05:51:51 PM |
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how do you mean?
Why is it not possible to get more than one update a month? What is so hard about communicating with your severely damaged customers??? |
Buy & Hold
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