SCAM: Black Arrow LTD

[notbatman]

Update: 10th of June 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. A couple of Raspberry Pie based X1 miners have apparently been shipped to Black Arrow insiders however, customers en  masse remain empty-handed. The insider who received the makeshift X1 stated that mass production of the ARM based X1 would take 2 - 3 weeks.

[notbatman]

Update: 11th of June 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

5. If the Prospero were a banana then it would be an extremely ripe one mostly black in colour.

[Hippie Tech]

Much has already been said about BA..

https://bitcointalk.org/index.php?topic=478198.0
https://bitcointalk.org/index.php?topic=313049.0
https://bitcointalk.org/index.php?topic=469017.0
https://bitcointalk.org/index.php?topic=459340.0

[notbatman]

Update: 12th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.
Reports of so-called compensation PSU's (customers paid extra for) being shipped have also surfaced.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

A report from an irate customer says Black Arrow has offered a BTC refund to him. Although this customer has taken issue with the amount offered to be refunded.

5. SHA256 is an established encryption scheme. ASICs are an existing technology. SPI is an existing technology. The official Acorn RISC Machine project started in October 1983. CGMiner is an existing software.

Why are 99.9% of the customers left with nothing at all three and one half months after the agreed upon shipping date of a revenue generating perishable commodity?

[DubFX]

Next bad reputation for bitcoin..

[notbatman]

Update: 13th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

Customers requesting refunds are being placed in a "refund queue".

5. Black Arrow states that hash boards made for the X3 are now being repurposed for an X2 hash farm.

[michaelwang32]

In what way have you lost any BTC in this? And are you able to prove this?

[notbatman]

In what way have you lost any BTC in this? And are you able to prove this?

I paid in USD via swift, the receipt is proof.

All customers including me have lost about BTC17 in revenue per X3 since Feb 24th due to the failure to deliver.

[notbatman]

Update: 14th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.

2. Batch 2 hasn't shipped.

3. No shipping date provided.

4. Refunds refused.

Customers requesting refunds are being placed in a "refund queue".

5. Black Arrow lists the X1 and X3 as "In Stock" on their website.

[Justin00]

seriously if someone made a pic of a device with electronics inside, do people just throw, not give.. but throw money in said companies direction ?

it used to sadden me... now it frustrates me...

anyway if this company delivered now would people still make a profit ?? or is it another one of those companis selling expensive door stops ?

[notbatman]

seriously if someone made a pic of a device with electronics inside, do people just throw, not give.. but throw money in said companies direction ?

I saw them flogging BitFurries and believed they had the knowhow to produce an ASIC. They appeared to be a real company delivering real product. In many places it's unlawful to fish with live bait and barbed hooks.

it used to sadden me... now it frustrates me...

anyway if this company delivered now would people still make a profit ?? or is it another one of those companis selling expensive door stops ?

The network difficulty is now 4x what it was on February 24th. This means that 8TH/s today is the equivalent of 2TH/s back then. When the today number gets big enough it's a door stop or a space heater if you're one of the lucky Siberian customers.

[Justin00]

and im guessing they didn't let people pay with credit card??
least those lucky people can charge back, all though I've never done a charge back but surely you can do it at any stage ?? (unlike paypal)

consumers should just refuse to pay unless they can use a credit card, but ofcourse for every 10 customers refusing there is 100000 customers happy to take theirr place in the queue.. and bit with bitcoins..

[notbatman]

Update: 15th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.

2. Batch 2 hasn't shipped.

3. Shipping date of June 23rd announced.

4. Refunds refused.

Customers requesting refunds are being placed in a "refund queue".

5. Current network difficulty levels would require Black Arrow to provide 8TH/s per X3 to meet their original promise.

[notbatman]

Update: 16th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.

2. Batch 2 hasn't shipped.

3. Stated shipping date: June 23rd.

4. Refunds refused.

Customers requesting refunds are being placed in a "refund queue".

5. Shipping dates have come and gone. Will this one be any different? If they do deliver will customers be provided with compensation for the increased network difficulty?

[notbatman]

Update: 17th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.

2. Batch 2 hasn't shipped.

3. Stated shipping date: June 23rd.

4. Refunds refused.

Customers requesting refunds are being placed in a "refund queue".

5. The distance in time between the customer and his money continues to grow.

[dgincr]

Update: 17th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.

2. Batch 2 hasn't shipped.

3. Stated shipping date: June 23rd.

4. Refunds refused.

Customers requesting refunds are being placed in a "refund queue".

5. The distance in time between the customer and his money continues to grow.

I just made a topic on this....
https://bitcointalk.org/index.php?topic=656265.0

I think it's time to call in the police of some sort.... They are clearly thieves and they need to be stopped


They are hosted in Germany this means Interpol can be involved. Their corp is in HK so it means they are hiding behind nominees... but there is 1 thing i know about nominees... At the first sign of trouble... They resign and run away.

I found this on the Hong Kong police website

Internet Commercial Fraud

Swindlers hide behind the anonymity of the internet to deceive victims by appearing to be a legitimate company to promote their bogus products or services.  Victims end up paying for goods or services that are non-existent, sub-standard or vastly overpriced. 

Such swindles are usually perpetrated by email and often include extravagant claims such as exclusive and profitable investment opportunities, luxurious gifts in return for small purchases, and ‘special’ or ‘time-limited’ offers urging the victims to act fast.


Seems pretty clear to me what Category BlackArrow falls into.

I will file here -> http://www.police.gov.hk/ppp_en/02_er_room/cif.html
I should not be the only one to do this.... Everyone should work together to take these $%I#@ to the cleaners... They give a very bad name to the industry.

[notbatman]

Update: 18th of June 2014

1. Batch 1 hasn't shipped.

Reports of a few insiders receiving raspberry pi based X1 miners have surfaced.

2. Batch 2 hasn't shipped.

3. Stated shipping date: June 23rd.

4. Refunds refused.

Customers requesting refunds are being placed in a "refund queue".

5. Prospero customer satisfaction rating: 0%.

[notbatman]

Update: 19th of June 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. Customers requesting refunds are being refused and placed in a "refund queue".

4. Most recent shipping date: June 23rd.

5. Odds of shipping en masse around June 23rd: 0

[Stevenrm87]

Update: 19th of June 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. Customers requesting refunds are being refused and placed in a "refund queue".

4. Most recent shipping date: June 23rd.

5. Odds of shipping en masse around June 23rd: 0

Didnt yall learn from Butterfly Labs?

[notbatman]

Update: 19th of June 2014

1. Batch 1 hasn't shipped.

2. Batch 2 hasn't shipped.

3. Customers requesting refunds are being refused and placed in a "refund queue".

4. Most recent shipping date: June 23rd.

5. Odds of shipping en masse around June 23rd: 0

Didnt yall learn from Butterfly Labs?

My eyes glazed over after watching the KnC pre-order unfold last year.