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Author Topic: SCAM: Black Arrow LTD  (Read 26903 times)
notbatman
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May 17, 2014, 09:42:16 PM
Last edit: May 16, 2016, 09:43:10 AM by notbatman
 #1

Black Arrow is a scam company.
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MrWDunne
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May 17, 2014, 09:53:08 PM
 #2

Black Arrow is a scam company that's currently defrauding it's customers for millions of dollars and thousands of BTC.
Proof?

byt411
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May 17, 2014, 09:54:23 PM
 #3

Black Arrow is a scam company that's currently defrauding it's customers for millions of dollars and thousands of BTC.

Are you basing this statement purely because they are delaying shipping?
That's very stupid, a lot of companies had to delay for genuine reasons, and they are legit.
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May 17, 2014, 10:01:26 PM
Last edit: June 03, 2014, 12:35:01 PM by notbatman
 #4

Black Arrow is a scam company that's currently defrauding it's customers for millions of dollars and thousands of BTC.
Proof?

Just look at their website, they're selling batch 2 X-3 units with a stated shipping date of 15 May 2014. It's currently the 17th and not a single batch 1 order has shipped.

They sold pre-orders for 24 Feb 2014 dispatch until 29 Jan 2014. It takes 2+ months after tape-out to have the ASICs forged and packaged. Undeniable proof that they lied to get customers money.

This is fraud over $5000, an indictable offence.

EDIT:

Seems I've jumped the gun a bit here...

I checked the web history for Black Arrow's site and it looks like they sold batch 1 orders for 24 Feb 2014 shipping until 01 Jan 2014. This however still does not leave enough time for tapeout, forging and packaging of the ASICs not mention actually building and debugging the miners within the less than 2 month timeframe between 01 Jan and 24 Feb.

24 February 2014 shipping was a lie and it cost Black Arrow customers millions of dollars.
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May 17, 2014, 10:07:59 PM
 #5

Black Arrow is a scam company that's currently defrauding it's customers for millions of dollars and thousands of BTC.
Proof?

Just look at their website, they're selling batch 2 X-3 units with a stated shipping date of 15 May 2014. It's currently the 17th and not a single batch 1 order has shipped.

They sold pre-orders for 24 Feb 2014 dispatch until 29 Jan 2014. It takes 2+ months after tape-out to have the ASICs forged and packaged. Undeniable proof that they lied to get customers money.

This is fraud over $5000, an indictable offence.

First, it does not say it ships on 15 May 2014. It says it ships around 15 May 2014, which isn't an exact date.
Second, there are delays for all companies. Would you call all of them scam? No. Only Butterfly Labs and Hashfast, since they don't even have the equipment in production.
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May 18, 2014, 08:37:15 PM
 #6

Black Arrow is a scam company that's currently defrauding it's customers for millions of dollars and thousands of BTC.
Proof?

Just look at their website, they're selling batch 2 X-3 units with a stated shipping date of 15 May 2014. It's currently the 17th and not a single batch 1 order has shipped.

They sold pre-orders for 24 Feb 2014 dispatch until 29 Jan 2014. It takes 2+ months after tape-out to have the ASICs forged and packaged. Undeniable proof that they lied to get customers money.

This is fraud over $5000, an indictable offence.

First, it does not say it ships on 15 May 2014. It says it ships around 15 May 2014, which isn't an exact date.
Second, there are delays for all companies. Would you call all of them scam? No. Only Butterfly Labs and Hashfast, since they don't even have the equipment in production.

Today is the 18th of May 2014 and it's passed "around" 15 May 2014. Batch 1 hasn't shipped and Batch 2 isn't even on the radar.

When you take peoples money based on a lie it's called fraud!
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May 19, 2014, 10:11:13 AM
 #7

Sounds like yet another Butterfly Labs.
notbatman
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May 20, 2014, 07:44:48 AM
Last edit: September 04, 2014, 12:24:01 PM by notbatman
 #8

Update: 20th of May 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. BA spokesperson acknowledges employees have been receiving serious threats.

EDITED: 04 Aug 2014 For clarity.

 
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May 20, 2014, 07:57:25 AM
 #9

so how much btc or usd you lost?



.
r

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..


.
PLAY NOW
notbatman
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May 20, 2014, 08:09:06 AM
 #10

so how much btc or usd you lost?

Enough to claim fraud over $5000.
Xelpherpolis
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May 20, 2014, 10:48:03 AM
 #11

I think what would be a bonus for dealing with such companies would be an escrow, maybe linked to a delivery company, so only when the item has been dispatched to the correct address that the bitcoins are released to the company. I am sure a automated service like this could be made, of course you would need to have the delivery company somehow flag the escrow for release.
notbatman
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May 20, 2014, 11:16:06 AM
 #12

I think what would be a bonus for dealing with such companies would be an escrow, maybe linked to a delivery company, so only when the item has been dispatched to the correct address that the bitcoins are released to the company. I am sure a automated service like this could be made, of course you would need to have the delivery company somehow flag the escrow for release.

My money was used to pay VeriSilicon and GlobalFoundries. I'm not just a customer, I financed this ASIC for Black Arrow.

So no, the escrow model doesn't work. The pre-order model is a organized criminal scam.

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May 21, 2014, 08:13:01 AM
 #13

Update: 21st of May 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. Minion customer complains that Black Arrow isn't providing a pinout for the chip.

"We are at a work stoppage with regards to our PCB design until we can get the completed pin out and pin description." -- mchap300

Looks like minion customers won't be getting any miners to market or doing any hashing before Black Arrow does.
notbatman
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May 22, 2014, 11:20:40 AM
 #14

Update: 22nd of May 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided however, they stated:

"Please note that we are not in the position to estimate a completion time. It is possible that the fix could be solved as early as tomorrow or as late as next week."

4. Refunds refused.

5. Black Arrow has offered to ship 50 Minions or 20 PCIE hash boards in lieu of an X-3.


While this is better than the "go jump in a lake" offer we had yesterday it still falls short.

notbatman
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May 23, 2014, 12:01:18 PM
 #15

Update: 23rd of May 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. Analysis of Black Arrow's claimed SPI problem indicates that a retarded monkey with both eyes closed and one hand tied behind his back could fix the problem in less than 5 minutes.

6. SCAMMERS
goozman96
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May 23, 2014, 06:14:12 PM
 #16

Looks like we're getting more updates from you than black arrow themselves lol.

BTC: 19DKtsdGfQyFzNiEze9KuFQrWGiLDvg6F1 | LTC: LbV6UGyjYbVP49NvQFmuAnkADcaFYvNagK | NMC: NDCdMJmTmGH54Cezmo3CwSxAC7grAoZJbj
notbatman
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May 24, 2014, 07:21:29 AM
Last edit: May 24, 2014, 08:59:45 AM by notbatman
 #17

Update: 24th of May 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. Black Arrow claims that the X-1 units have been produced and that they're just waiting on the cases to be delivered. No proof of the units exists and requests from customers to have their units shipped without a case go unanswered.  

6. FRAUD

Edit:

An image of a caseless X-1 has just appeared on the ecointalk forum. Great, now fucking ship them to the customers who requested them.

You're three fucking months late and the difficulty is 10.4 billion in 2 hours, your hardware is fucking worthless garbage now at the price we paid.
notbatman
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May 25, 2014, 07:27:16 AM
 #18

Update: 25th of May 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. US reseller offers up sample minion chips to PCB developers.

With no pinout for the chip what are they supposed to do with them, play poker?

6. BAD ACTORS
Otsu
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May 25, 2014, 07:36:28 AM
 #19

Seems like fraud to me, seems like you all got screwed hard.
notbatman
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May 26, 2014, 08:28:15 AM
 #20

Update: 26th of May 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. Total BTC mining revenue lost since 24 February 2014 per X-3: BTC16.5

6. CROOKS
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