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Author Topic: SCAM: Black Arrow LTD  (Read 26903 times)
notbatman
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July 12, 2014, 09:47:24 AM
 #101

Update: 12th of July 2014

1. Batch 1 hasn't shipped.

Black Arrow vetted re-sellers receiving a few now obsolete X1 units. You guys checked out and now the gods have bestowed upon you the gift of brick.

2. Batch 2 hasn't shipped.

3. Refunds refused.

4. Shipping is stated to be complete by the end of the month.

5. The goose is laying bricks.
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notbatman
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July 13, 2014, 11:33:30 AM
 #102

Update: 13th of July 2014
 
1. Batch 1 hasn't shipped.

Black Arrow vetted re-sellers receiving a few now obsolete X1 units.

2. Batch 2 hasn't shipped.

3. Refunds refused.

4. Shipping is stated to be complete by the end of the month.

Looking into my magic crystal ball here I don't see shipment as being complete by the end of the month.
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July 14, 2014, 07:39:15 AM
Last edit: July 14, 2014, 10:52:43 AM by notbatman
 #103

Update: 14th of July 2014
 
1. Batch 1 hasn't shipped.

Black Arrow vetted re-sellers receiving a few now obsolete X1 units.

2. Batch 2 hasn't shipped.

3. Refunds refused.

4. Shipping is stated to be complete by the end of the month.

5. No reports from any direct customers about shipping.

6. No weekly update.

EDIT:

The first report of an X1 shipment to a direct customer has surfaced.
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July 15, 2014, 08:37:22 AM
 #104

Update: 15th of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- hasn't shipped.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. They may be shipping (obsolete product) but they lied to get our money and that's what makes this a "scam".
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July 16, 2014, 01:36:34 PM
 #105

Update: 16th of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- hasn't shipped.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. A re-seller implies he's possibly receiving a shipment of X3 units based on the weight.

5. July 6th was the most recent weekly update and it seems even the re-sellers are getting the silent treatment

At least the lies have stopped and shipment of a few obsolete units is oozing out instead.
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July 17, 2014, 09:22:10 AM
 #106

Update: 17th of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- hasn't shipped.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. Two weeks left in this month and still not an X3 in sight.

5. The X1 continues to ooze out with customer order numbers in the mid-hundreds range reporting in.
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July 18, 2014, 08:28:52 PM
 #107

Update: 18th of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- hasn't shipped.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. No reports of any X3 units being shipped.
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July 19, 2014, 12:40:50 PM
 #108

Update: 19th of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- hasn't shipped.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. Some X1 customers have been trying to escape the scam and ROI by suckering somebody into paying $400 for a 80Gh/s unit on ebay.

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July 21, 2014, 12:28:00 AM
 #109

Update: 20th of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- hasn't shipped.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. Direct customers with very low X1 order numbers are sill awaiting shipment.
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July 21, 2014, 09:04:26 AM
 #110

Update: 21st of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- hasn't shipped.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. Many of the X1 customers who have received an incomplete and obsolete unit complain that they had requested a refund.
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July 22, 2014, 08:40:19 AM
 #111

Update: 22st of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- now shipping to re-sellers and a few direct customers.

2. Refunds refused.

3. Shipping is stated to be complete by the end of the month.

4. BTC20 in lost revenue per X3 due to a disingenuous shipping date.

5. 90% devaluation in product due to an unreasonable delay.

Daily updates to this thread are being suspended at this point as both X1s and X3s have started shipping.
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July 22, 2014, 09:41:11 AM
 #112

Update: 22st of July 2014
 
...
5. 90% devaluation in product due to an unreasonable delay.
...

Not necessarily disagreeing with you, but this one needs quantifying. Are you talking £/$ value, or effectiveness of each G:Diff. For instance per X1, I imagine you could resell each unit on feebay for ~$100, which is ~1/4 of its R(idiculous)RRP of $415. However, the diff is now 554% higher than it was in mid Feb, when these should have shipped, so they're only 1/6 as effective per GH/s.

Feb 17 2014  -  3,129,573,175
Jul 12 2014  -  17,336,316,979

..at least having worked that out, I can now see where their faulty logic lies in offering an exchange for 6x bare chips per X1. Unfortunately that offer ignores the fact that they simply failed to deliver a working product to the timescale as advertised. Even in delivering a closer-to-useful hash rate, this is not in the form of a finished usable product and involves significant additional cost to the end user, including the extra kw/h's of electricity to obtain the same mining reward has should have been provided if the equipment was delivered on schedule.

Black Arrow Software and their English owner Alex(?), you've let us down in your management of this fiasco.
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July 22, 2014, 10:30:32 AM
 #113

Update: 22st of July 2014
 
...
5. 90% devaluation in product due to an unreasonable delay.
...

Not necessarily disagreeing with you, but this one needs quantifying. Are you talking £/$ value, or effectiveness of each G:Diff. For instance per X1, I imagine you could resell each unit on feebay for ~$100, which is ~1/4 of its R(idiculous)RRP of $415. However, the diff is now 554% higher than it was in mid Feb, when these should have shipped, so they're only 1/6 as effective per GH/s.

Feb 17 2014  -  3,129,573,175
Jul 12 2014  -  17,336,316,979

..at least having worked that out, I can now see where their faulty logic lies in offering an exchange for 6x bare chips per X1. Unfortunately that offer ignores the fact that they simply failed to deliver a working product to the timescale as advertised. Even in delivering a closer-to-useful hash rate, this is not in the form of a finished usable product and involves significant additional cost to the end user, including the extra kw/h's of electricity to obtain the same mining reward has should have been provided if the equipment was delivered on schedule.

Black Arrow Software and their English owner Alex(?), you've let us down in your management of this fiasco.

At the end of February two X1 units (200Gh/s) mined ~$30 USD a day. Today two X3 sub-units (2Th/s) will mine ~$30 USD a day.

That's where I get 90% devaluation as two X1s cost about $600 and an X3 cost about $6000.
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July 28, 2014, 08:13:51 PM
 #114

Update: 28th of July 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- A single sub-unit has shipped to a re-seller.

2. Refunds refused.

3. The end of July is at hand and only a few X1s have shipped.
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August 01, 2014, 07:24:58 AM
 #115

Update: 1st of August 2014
 
1. Batch 1 & 2 shipping:

   X1 -- now shipping to re-sellers and a few direct customers.
   X3 -- now shipping to re-sellers and a few direct customers.

2. Refunds are said to be issued after shipping is complete.
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August 06, 2014, 09:05:24 AM
 #116

Update: 6th of August 2014
 
1. Batch 1 & 2 shipping:

   X1 - not complete.
   X3 - not complete.

2. Refunds refused.

3. After a month of so-called shipping X3 customer #1x says he's still waiting.
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August 11, 2014, 08:44:36 AM
 #117

Update: 11th of August 2014
 
1. Batch 1 & 2 shipping:

   X1 - not complete.
   X3 - not complete.

2. Refunds refused.

3. BA claims up to 8% of X3s shipped.
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August 14, 2014, 01:22:12 AM
 #118

Update: 13th of August 2014
 
1. Batch 1 & 2 shipping:

   X1 - not complete.
   X3 - not complete.

2. Refunds refused.

3. Customers who requested refunds report receiving shipment tracking info for their orders while customers who didn't request a refund continue to get nothing.

What a scumbag scam company this is.
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August 17, 2014, 10:40:35 PM
 #119

i trust everyone knows that the SOVU guy is a convicted felon, right, currently under probation?

http://portal.just.ro/300/SitePages/Dosar.aspx?id_dosar=30000000000012214&id_inst=300
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August 18, 2014, 12:35:23 AM
 #120

i trust everyone knows that the SOVU guy is a convicted felon, right, currently under probation?

http://portal.just.ro/300/SitePages/Dosar.aspx?id_dosar=30000000000012214&id_inst=300

The Google translate in Chrome works really smoothly. I can't tell that it wasn't written in english!

The owner of BFL is also a convicted criminal on probation. Just recently the Judge decided that taking pre-orders was a violation of his probation and extended the term. Sad
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