Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s

[Slander]

I would like to go on record to say Im quite excited to know these are coming soon. I have faith in them, oh and look, Im a real customer (gasp)


ID   Status   Customer   Date   Total
#2670    Processed   
xxx
07 Dec 2013, 12:01   $3,622.50
#2420    Processed   
xxx
04 Dec 2013, 12:38   $3,622.50

[FlappySocks]

Yeah, Everything is calm at my end. No great panic was reported at the meeting last week.  Quite the contrary in fact.
Then I come on here, and it's all panic from a few individuals, like in OleOle's avatar.

The X1 & X3 are going to be fantastic.  And that's just the beginning.  I have a warehouse near Heathrow lined up for UK & EU distribution.  I think we are going to see some great things from Black Arrow.

[raskul]

Yeah, Everything is calm at my end. No great panic was reported at the meeting last week.  Quite the contrary in fact.
Then I come on here, and it's all panic from a few individuals, like in OleOle's avatar.

The X1 & X2 are going to be fantastic.  And that's just the beginning.  I have a warehouse near Heathrow lined up for UK & EU distribution.  I think we are going to see some great things from Black Arrow.

great news! this is where you now post the link for the video of the prototype, and relative web screen showing hashrate.

exciting! video please.

[f00Fighter]

When the first chips have been manufactured, it would be good to hear about how they're doing in tests.

Sidenote: I don't think anyone inclined to check will find anything in Chinese law that would prohibit taking money for pre-orders. Pre-order customers aren't "investors" -- they don't control a company (e.g. they don't elect a company's management). The laws in question specify how companies controlled by overseas capital can be formed over there.

[reznor]

As an update to my customers, we will be importing the old database in over the next 72hrs, please expect an email when it has been done.

Nice! we are also waiting for this one! Got 2 completed orders at Minersource  

[RickJamesBTC]

I remember post after post about how you guys would not be affected by the CNY, care to comment why "most of the staff" had off when you previously said it wouldn't affect you guys?

Also since a yes or no answer was never given, will minersource be giving refunds, yes or no?

Minersource cannot issue refunds as they have paid us for your miners.

We're currently making a list with the refund requests to see if we can refund from our margin. Note that our margin is quite low as we have charged our customers $4000 on a miner while others have charged $16000 on the same hardware during the same period.

As we've announced, we've put the ASICs into production and they've been paid in full. Canceling the ASIC now is not possible as we will incur around 85 to 95% penalty so we're left in refunding only from our margin.

What you decided to charge consumers is your fault. If you can't afford to refund a few customers who are upset about your lies and delays, you probably can't afford to complete any miners at this point. If you spent all the money on the asics, what will you use to build the machines ? Where is the proof that you bought all the cases, power supplies and cooling systems already, show them to your customers. Are you insolvent, hoping to ponzi your way through orders in the future? Using money coming in from new suckers to build the products for old suckers ?

[raskul]

hoping to ponzi your way through orders in the future? Using money coming in from new suckers to build the products for old suckers ?

^THIS.
the obvious nature of the pre-order market.

[Syke]

The X1 & X3 are going to be fantastic.  And that's just the beginning.

Which miner would you buy?

A) $5/gh delivered next week
B) $3/gh delivered in three months

[Fireblade]

The X1 & X3 are going to be fantastic.  And that's just the beginning.

Which miner would you buy?

A) $5/gh delivered next week
B) $3/gh delivered in three months

@ the current BTC prices none.

[Stedsm]

Which miner can you order today and have delivered next week?

[K1773R]

The X1 & X3 are going to be fantastic.  And that's just the beginning.

Which miner would you buy?

A) $5/gh delivered next week
B) $3/gh delivered in three months

@ the current BTC prices none.

this is sad, but true!

[yannis7777]

I don't know but i get the feeling ASIC mining is not going to be around for long (or not appealing to the general public), especially in regards to SHA256 coins. Now if they bring forward the ASIC miners for scrypt that may be an entirely different story. ASIC is killing off the joy of mining though: Makes technology available to us at high costs and nearly before the technology has become obsolete (they probably mine the hell out of them before the miners reach us). I may be wrong and comments are welcome.

[Bluebark]

I remember post after post about how you guys would not be affected by the CNY, care to comment why "most of the staff" had off when you previously said it wouldn't affect you guys?

Also since a yes or no answer was never given, will minersource be giving refunds, yes or no?

Minersource cannot issue refunds as they have paid us for your miners.

We're currently making a list with the refund requests to see if we can refund from our margin. Note that our margin is quite low as we have charged our customers $4000 on a miner while others have charged $16000 on the same hardware during the same period.

As we've announced, we've put the ASICs into production and they've been paid in full. Canceling the ASIC now is not possible as we will incur around 85 to 95% penalty so we're left in refunding only from our margin.

True, but you will make a lot of coin during burn-in and may be able to leverage that for emergency funds to meet public demand.

Personally, I'm in for the long haul...hopefully I'll be able to make a few bucks.

[DPoS]

I don't know but i get the feeling ASIC mining is not going to be around for long (or not appealing to the general public), especially in regards to SHA256 coins. Now if they bring forward the ASIC miners for scrypt that may be an entirely different story. ASIC is killing off the joy of mining though: Makes technology available to us at high costs and nearly before the technology has become obsolete (they probably mine the hell out of them before the miners reach us). I may be wrong and comments are welcome.

scrypt is land of garbage

[Waramp22]

scrypt is land of garbage

Maybe, but anyone with a GPU can support the network/get into mining and it is still very profitable. In some cases even more profitable than bitcoin.

[Syke]

The X1 & X3 are going to be fantastic.  And that's just the beginning.

Which miner would you buy?

A) $5/gh delivered next week
B) $3/gh delivered in three months

@ the current BTC prices none.

this is sad, but true!

Which is even more proof. The X1 & X3 cannot be "fantastic". Being so late makes them horrible.

[Dallas5]

Just a simple question about the delay: If you've ordered from Minersource will you still be compensated?

[Trongersoll]

I don't know but i get the feeling ASIC mining is not going to be around for long (or not appealing to the general public), especially in regards to SHA256 coins. Now if they bring forward the ASIC miners for scrypt that may be an entirely different story. ASIC is killing off the joy of mining though: Makes technology available to us at high costs and nearly before the technology has become obsolete (they probably mine the hell out of them before the miners reach us). I may be wrong and comments are welcome.

ASIC scrypt miner? how would that work? It is my understanding that scrypt mining isn't really doable on an ASIC. Something about ASICs not having any memory.

[Flying Hellfish]

I don't know but i get the feeling ASIC mining is not going to be around for long (or not appealing to the general public), especially in regards to SHA256 coins. Now if they bring forward the ASIC miners for scrypt that may be an entirely different story. ASIC is killing off the joy of mining though: Makes technology available to us at high costs and nearly before the technology has become obsolete (they probably mine the hell out of them before the miners reach us). I may be wrong and comments are welcome.

ASIC scrypt miner? how would that work? It is my understanding that scrypt mining isn't really doable on an ASIC. Something about ASICs not having any memory.

https://bitcointalk.org/index.php?topic=355268.0

[OmegaCentauri]

I'm loving BlackArrow's Australian reseller, 'BitMiners'.

Trying to offload BFL 60Gh/s http://bitminers.com.au/refurbished-mining-equipment/ for $2345 AUD ($2097.13 USD).

Flogging the Prospero X-3 (the 'may batch') http://bitminers.com.au/product/product-one/ for $8847 AUD ($7911.87 USD). 25% markup (without 10% import tax/duty).

OR

Prospero X-3 purchased directly from BlackArrow and shipping 'soon,' apparently, (This product will be available on 30 Apr 2014) for $6652.30 AUD ($5949.15 USD) + 10% import duty = $7317.53 AUD ($6544.07 USD).

https://i.imgur.com/xcaGaAT.jpg