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

[adbulla]

I hope this is the case! But we heard everything was on time until the end of January the last time. We'll see...

[y_boonstra]

Totaly agree with you here.

[TinkerTom]

Everyone who is waiting on a $ refund from me either via wire or check should get a response by tomorrow night, been super hectic between switching banks, NYC Conference and dealing with our new partner, Microcenter.

Matt, please get back to me, it's been 2 weeks -- I've sent PMs, emails and left a phone message and I'm just not hearing anything back.

Thanks,
-Tom

[sorehammer]

Price promise:

We are looking for long term partners and wish to be your only BTC ASIC supplier by providing required stock on time and competitive market price (will price match on $/Ghash any BTC ASIC company as long as their offer is genuine and stock available at the same time as ours).

Here is where your hard earned pre order money went!

EDIT:  They are able to give away samples of chips and $10,000 discounts, and yet they cannot improve the compensation package...?

Price promise.  LOL.  These guys are lying sacks of shit that also promised their customers they would give us enough hashpower to ROI and are now fucking our brains out and changing their tune on that while running down the path on other shit, which they apparently do have money for.

I hate these fuckers more every day.

^This.

Read it again and again, read it and know it's true.

Blackarrow are filth.

 

The "price promise" basically just encourages batch 1 customers to believe that they subsidized BA developing a FAB that they can then use to cut lucrative deals later on, leaving batch 1 suckers holding the bag.

Hey Batch 2 customers have paid also and they don't even get any compensation they have had to wait also maybe not as long as batch.

[jochemin]

I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.

In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.

In the mail says that If you don't accept this conditions, the order will go on.

I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.

[freddyfarnsworth]

I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.

In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.

In the mail says that If you don't accept this conditions, the order will go on.

I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.

Bitcoins will go up, the miner never will. The miners will get cheaper when all is done. I think you did right.

[mtbitcoin]

I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.

In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.

In the mail says that If you don't accept this conditions, the order will go on.

I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.

Sigh... so let me get this straight, they refund you lesser amounts of bitcoin than what you paid for (in USD). I wonder if the tables were turned around and the BTC price was higher, would they still be refunding you the same amount of in BTC   

[jochemin]

I had my refund this week. They sent me a mail, I have had to sign the bitcoin address y paid from saying that after the refund I have nothing to claim from BA nor them from me.

In the mail also they say that they have had problems changing dollars to bitcoin and they only refund the bitcoins I paid minus $50 fee. So I received 9,0.... bitcoin.

In the mail says that If you don't accept this conditions, the order will go on.

I accepted it, I lost more than $2000 in this, but it's better than wait for a unprofitable machine.

Sigh... so let me get this straight, they refund you lesser amounts of bitcoin than what you paid for (in USD). I wonder if the tables were turned around and the BTC price was higher, would they still be refunding you the same amount of in BTC  

We all know the answer to that question.

[shogunmark]

Being a BA customer is like renting the downstairs apartment in an outhouse.

^This

With the broken promises and delays, this sums up exactly how i feel. I am finally at the point where i am one more delay away from pulling out completely. Granted i am only in for 2 X-1's, but we are almost halfway through april and BA don't even have a working prototype... Come on BA, this is getting ridiculous.

[necro_nemesis]

Bitcoin Miners progress update – 10 April 2014
1. Minion
Received news from Global Foundries: they are 8 days ahead of schedule and will ship the wafers next week
Have discussed and received great support from our packaging company, we’re looking forward to receive the chip.

It would appear they are waiting for wafers this week and they require packaging into chips.

[coolmusic]

Why BA must convert the payments received in btc to fiat currency ?

 In the moment they make the exchange start to generate taxes and financial expenses.

Is much better hold it as long as you can specially if at least part of your suppliers also accept payments from you in Btc

I guess If the Btc remains in the zone of 1000$ we don't have this conversation.

[Flying Hellfish]

So less than 3 weeks till delivery is supposed to start?  No chips in hand yet and no working proto??

Me thinks the delay train is about to run over some more investomers 

[raskul]

So less than 3 weeks till delivery is supposed to start?  No chips in hand yet and no working proto??

Me thinks the delay train is about to run over some more investomers 

Yeah we have started to really notice, there was more faith a couple weeks ago but now the question is how are they going to compensate for
1:Not making their second delay when they were supposed to be shipped in Feb.
2: Not being able to compete with rival companies now for price and ghash.

It's beginning to look like deliberate deceit, like they never had any intention of honouring their delivery schedule.

They are so far off the pace it could be next year before some folks get their hardware.

 

meanwhile...

https://bitcoinwisdom.com/bitcoin/difficulty

[tempestb]

I will hold off on judging until they tell us what the state of the chips are.  If they've come back, work as expected, and they don't have to make any major changes to anything, it's quite possible they can deliver on time.  But like everyone has been saying, the stars need to align for it to go off without a hitch.

[newguy05]

just doing currency pair arbitrage with your money, make a directional bet after getting the funds, if btc/usd move in the right direction, they make a lot of money, if the pair moves in the wrong direction, you take the hit - refund btc if btc goes down, refund usd if btc goes up.  They have no risk.

i also got a bridge in my backyard for sale if you guys still think they can make some useful hardware.

[Noruka]

Why BA must convert the payments received in btc to fiat currency ?

 In the moment they make the exchange start to generate taxes and financial expenses.

Is much better hold it as long as you can specially if at least part of your suppliers also accept payments from you in Btc

I guess If the Btc remains in the zone of 1000$ we don't have this conversation.

because when they got the BTC they probably liquidated it to fiat for business expenses. Since BTC is half its high they get to steal half your store of value.

[bobsag3]

Imported orders should now show, but we are not 100% done yet, so please be patient if something is missing/ wrong.

Some international orders may not appear due to invalid country codes and will be added manually.

Orders may appear as fulfilled even though they have not shipped.

http://minersource.net/blogs/news/13686173-imported-orders

[TinkerTom]

Update of my refund:

I received a check yesterday from Minersource in the agreed upon amount and brought it to the bank today.  The teller cashed the check and gave me some cash and put the rest into my account, so I do not think their was any problem with the check.

I appreciate the refund guys, keep up the good work.  For those of you still waiting on refunds I wish you the best.  I will be one of you again if the price keeps going up and I need to unload my bunch of X-1's.

Thanks,

DebitMe

Well that's good to hear, but I've had no luck. After 2 weeks of emails, PMs and phone calls, I finally got a reply from Matt yesterday after I set an appointment to meet him at their offices on Wednesday. (I live about 20 minutes away.) It turns out the location listed on Minersource.net is a mail drop. Matt didn't offer the physical address, but gave a curt reply that due to the size of my refund (4 X-3s) he had to get it OKd by BA.

It's BS that it took me stating that I was coming to the office for him to finally reply, and it's also bs to push responsibility off on BA. I purchased the miners from Minersource.net, not from BA. Minersource owes me the refund. I've been trying to keep this civil and out of the public forums, but all I get in return is silence and then that bullshit. It is hard not to think I'm being ignored with the hope that the machines will ship and they won't have to pay out.

I had even offered to help migrate their old database, to which he replied in this forum that he had PMd me, but he never did. I even reached out to him via email to help on that, but never heard back.

DebitMe, would you mind sharing how many machines your refund was for?

[cdog]

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!

I would be impressed if we get a competitive per $ gh at ship time, it would actually almost make up for these insane delays. Sounds promising, but right now I cant say I believe it.

[ChuckBuck]

I wonder if we will get an update today or tomorrow. =/ were getting down to the wire.

Need my weekly progress update fix.  Don't care that it's delayed(I do) just need me some pics and renders!

Could there be a working prototype in Black Arrow's future?