I ordered 1 X-1 with batch 1 and i am looking at profitability and its never going to happen unless BTC value goes back up. Debating whether to ask for a refund or order another at 50% off. I'm sure its been asked but if we paid with BTC are we getting a refund in BTC or USD?
If you ordered with minersource they will refund you with the exact amount you paid in BTC.
Which is how it should be! And i did receive an update today that they are working on my refund at minersource. That it takes some time for them to gather the funds together to get the refunds set up as the money was sent to black arrow for the units to be made. I am fine with that. It was nice to get an update and know progress is being made.
It is just that while waiting around for these x-1s i bought the ant miners because they were actually available, and i am glad i did instead of waiting around on these. Now i don't have enough room to run all the x-1's. Just a big headache on how to connect everything to the net and power it all, too much mining crap as it is.
Part of me almost,
almost feels bad, but ba was the one who felt confident enough to make promises about offering the best dollar per hash going on the date of shipping, so it is hard to not want to feel excited as a customer that they are going to try to live up to that. They have tried with their half assed attempts so far, if you call it trying. I don't know if they really are that desperate and throwing us the only bones they possibly can, or if they are evil masterminds just looking to exploit those eager to make a few quick dollars.
In my books lots of shady shit has transpired, looking back the bit fury thing really strikes a nerve, but it is said and done now. When i tried to do a little research i couldn't find anything wrong with black arrow and the lancelots, they seemed to be a pretty decent company back then. And they were responsive and active when i was very interested when they were the best price for hashing equipment. Who knows when things went wrong. They can still right things and manage to turn this whole thing into something very positive. It will cost them dearly, put them in the red, but they need to be thinking long term as well, about the next bactch of equipment, if they don't pull this off, there is no more black arrow. It is in their interest to live up to what they have said in the past.
Interestingly enough i went to dig back to find some early mention of the price match since someone was asking, bottom of page nine for this one:
The above quotes simplify to this for me: BlackArrow has promised his Prospero ASIC pre-orders (completely paid by Oct sometime) will be 25% cheaper than the market price of currently-shipping non-pre-orders
Correction: 25% cheaper than today's market price. We will do our best to keep the prices 25% less than the competition compared to the orders that are shipped in February 2014 as well, but we cannot guarantee 25% as they have the same manufacturing prices as we do. We can only guarantee that we'll sell cheaper compared to the prices from February 2014.
Then i found this little gem:
Current price of CoinTerra
TerraMiner IV - 3$/GH ----- Delivery in "early" Jan (75% of 3$/GH = 2.25$/GH)
Current price of Blackarrow
Prospero X-1: 2.69$/GH ------Delivery in March
Prospero X-3: 2.25$/GH ------Delivery in March
Why do you think that we will fail our delivery date? Any why would any other manufacturer meet their delivery date?
So Blackarrow, what happened to the 25% less than competition price guarantee?
We do not guarantee our prices to be 25% lower than our competition. We are currently offering 35% discount compared to OUR retail prices
and, by the time of the shipment, if the competition drops the price below ours we will drop the prices as well and deliver more hash power.It is impossible to guarantee what you've understood: The competition has the same manufacturing costs as we are. If they were to drop the prices at manufacturing costs not only that we would work for free, we would also need to give our customers 25% of the manufacturing price.
End of Feb 2014 is a long long way with difficulty expected to go up exponentially!
Is your bet that your miner will earn your money back within January? What happens if other manufacturer delivers late?
I think that is the kind of trouble having an ego gets you into. Now you either make good on your promises or your credibility takes a real beating. Like i said,
almost feel bad. I just wouldn't have made outrageous claims that i know are most likely going to bite me in the ass.
Edit: I had to fix a typo that annoyed me. Added a little more venom.
