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

[DebitMe]

100% a double of the hashrate needs to be done for compensation.

with no additional expenses.  I think we are all in agreement that this is the only rational/fair compensation for everyone.

[goozman96]

Bobsag3, when will the miners ship? That's all we want to know.

[notbatman]

So tell us Matt, how long before you file fraud charges on your multi-million dollar order? June, July, August?

[DebitMe]

Im here.

Support emails are handled by support staff, they have answered over 45 tickets today.
Secret is secret, not aloud to discuss yet, I will ask again.

My guess at the secret is that each miner gets 2 LCD screens! 

(debitme gets 3 'cause he loves the idea of LCDs on miners) 

Sweet, 3 times the useless stats on every single one of my units while you guys only get 2. I'll be the envy of the mining world when the protocol switches and whoever has the most LCD's mines more!

[DebitMe]

So tell us Matt, how long before you file fraud charges on your multi-million dollar order? June, July, August?

I saw working chips, on working boards, with kinks to be worked out, nothing ala Cointerra or Bitmines 28nm.

How much equipment were they mining with?

[goozman96]

I thought the bitfurries belonged to a customer.  
Which was why they couldn't use those to mine for us while we wait for their delays.

[notbatman]

BA's technical/engineering abilities to produce a quality product have never been in question. The ASICs are clearly a reality and probably the best ones out there.

The issue is that these cock-suckers used our money to finance the whole project and are now building a massive ASIC farm and telling us to go fuck ourselves while they prepare to rake in hundreds of millions of dollars in BTC.

[notbatman]

There's no shipping date for BA to miss now that "a few days" have passed and no new dispatch date has been provided.

The reason that no date is being given is that BA is defrauding it's customers and keeping the miners until they are worthless. Why do you think no x-1's are being produced? All the x-3's are going into their ASIC farm and all the BTC is going into their wallets.

Once the difficulty level makes the miners worthless there's a very small chance customers will have the units shipped to them. This way BA can claim they honored their end of the deal.


 

[breakingcode]

Why not triple the hash?

 

Because at this point, that would be (IMHO) slightly less than fair (providing there aren't more delays.)

"Compensation" is about finding a balance between the hurt to the customer and the hurt to the seller.
We're hurt b/c we lost out on all the mining that could have been done if shipped on time. Making the least assumptions that has a calculable dollar value (in the case of a x3 about 8-9K)

BA is hurt b/c they're a business that needs to make a profit, they will make no additional profit on anything they give us. But as their business model is essentially making machines that print money, certain allowances have to be made there as well.

So the original cost of the pre-order unit (which funded BA's Asic existence which is a HUGE deal) and another full unit (now with a street value of 3-4K would be a good compromise which shows that they actually want to have customers buy from them in the future b/c they will have a good track record of doing what's right.

"full compensation" would be the original X3 and the exact quantity of BTC the machine would have mined if shipped on time. and some kind of discount on BA stuff for future purchases (as there's no way to know when people would have bought/sold, the only demonstrable case would be, if you had the unit on time, and it mined up to *today* how many BTC would you have in addition to your unit? OR an acceptable allowance for the market. I haven't calculated the Min/Max you could have made if you sold every BTC earned at it's max potential high, vs low (mainly because you'd have to say "On day 3 when the price was highest, the max I could have sold was x coins, then I could have sold qty y at the next highest/lowest etc...  If you calculated that (more power to you) that would give a number that would allow you to calculate the only fair "by market" BTC return as the difference between the two would be the payout.

But as to 2x *period* I think it's a "reasonable" middle ground, it could easily be argued that either side is getting a better/worse deal for it but there's no clear "loser". And in theory (based on the posts I'm seeing) this would probably buy them the most PR/Goodwill/potential repeat business/least people screaming litigation etc.. This also give the added benefit of *EVERYONE* getting compensation, X1 and X3, without having to have been just lucky enough to have bought the correct amount to make everything work out, or having to buy another unit, or having to buy powers supplies etc.. If you bought one you get one,..simple, works for everyone.

[notbatman]

In case you missed it this latest video update is from a posting on BA's ecointalk.net update forum.

http://m.youtube.com/watch?v=TLb6MldJtjU

[notbatman]

Black Arrow has cost legitimate companies such as Bitmain and Spondoolies millions of dollars and thousands of Bitcoins in sales.

[notbatman]

Thanx,but is that Mandarin Chinese because i didint understand a word and they have really bad camera

The jist of it is, that he warns of the dangers involved with freebasing cocaine.

[Craige288]

I'm just off to the bank to pay US$1275 for my 5 x X3 power supplies for my compensation units.  I must be mad!!! Someone shoot me... Please !!!!  How can I be sending more money to BA when they have given us nothing but delay after delay after delay.  Pleeeeeeaaaaaaaase tell us that shipping starts this week !!!!!

[asiabtc]

we , LIGHTNINGASIC, provide stock ready bitcoin miners. no pre-order scam.
pls visit our website to check details.
www.lightningasic.com
thanks.
Jack.

[notbatman]

I'm just off to the bank to pay US$1275 for my 5 x X3 power supplies for my compensation units.  I must be mad!!! Someone shoot me... Please !!!!  How can I be sending more money to BA when they have given us nothing but delay after delay after delay.  Pleeeeeeaaaaaaaase tell us that shipping starts this week !!!!!

[notbatman]

Shipping will start soon and of course that means as soon as possible, when we confirm that machines are working correctly and up to their expected specifications. And no we do not mine with them before we send them out. As soon as they are ready to work, we will ship them out without any further delay.

If to be honest i doubt anyone want to see any other update than "we started shipping. So i guess that one should be coming next.

Rough estimate is this year. Not saying it will take this long, but you asked for rough one

Latest update from Nemesidis/Black Arrow

[notbatman]

I hope that a cruise missile, an aeroplane and a meteorite all fall out of the sky and hit at the same time as lightning strikes your ASIC farm.

[notbatman]

I hope that a cruise missile, an aeroplane and a meteorite all fall out of the sky and hit at the same time as lightning strikes your ASIC farm.

Probably still more likely than BA shipping on time

Are you thinking Q1/Q2 of 2015 or is that still too optimistic?

[DebitMe]

Well, looks like another week has passed and still nothing in terms on shipment or even news for that matter.  I was really banking on shipping starting over the weekend/today, ahh optimism.

Well BA, where does this leave us, another difficulty change before shipping it seems, one that will push us up an estimated whopping 18% to almost 10.5B!  And who says that exponential growth in the network hashrate is not sustainable in the short term...

It also seems that Rockminer is now shipping their AsicMiner products, you seem to have them beat in power efficiency and cost per GH, but again, they are shipping and Asicminer is expected to add a large of amount of hash to the network.

Are you guys currently revisiting the compensation package?  I hope you are starting to see that anything less than a 1 to 1 match of all products will leave a terrible reputation with all current buyers (who in all honesty will also be your future buyers).

But lets just focus on getting a working product to market shall we?  Its funny how our deadlines have shifted from concrete dates that you promised you would hit, to estimates, to not even being able to give us a timeline besides, "this year".  That really is instilling some confidence in me.

[DebitMe]

As somone on the ecointalk  forum pointed out:

"david105396, on 06 Apr 2014 - 2:48 PM, said:"

   " I am very confident that the deadline will be made and shipping will start on time. I will personally vouch for this. "

So are you going to step down David as you were vouching it would hit it's shipping date or are you going to string us along even longer with your lies?

It's a good thing he didn't take Debits .5 btc bet 

We all knew it, just by looking at the timeline, I never expected him to take the bet as he, as well as everyone else, could easily see there was never any way they could get all the chips in, test them, and then get them out the door in completed cases in a couple of days.

Now, I am again in a betting mood, David, care to share a date on when we can bet if BA will ship or not?  If you choose, "this year" i expect 10000:1 odds, just FYI.  Go ahead, give me something we can make a competitive bet on...?