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

[notbatman]

It looks to me like they used our money to buy bitfurries. They mined with those until the minion was produced then replaced the furries with 240Gh/s minion boards. Finally they sold all the bitfurries and bob's your uncle.

We made these guys probably millions and they're going to make damn sure we get fucked out of our money. The X1 is already garbage and as soon as the X3 trash they'll ship that too.

This is a scam company commiting a multi-million dollar fraud.

[notbatman]

You owe me BTC20 in lost revenue and 2Th/s. I can see extracting this value is going to be a slow, long and difficult process.

How many thousands of customers are out there who you now have to deal with trying to get what's due?

 

[Trademan1]

Hi everyone.
I had order#372
Direct order from BA
Local pickup complete.

Did you tell them to Get Fucked on your way out?

[notbatman]

A couple of weeks maybe a month, surely I agreed to this. Shit happens and we conceded to this. If in the end our X3 did 1.666Th/s or the chip used 150W at the wall we would be a little upset but, we know that making the deadline is more important.

They set up a BitFurry farm with our money. When that was looking obsolete they sold the BitFurries as in-hand and set up a minion farm with our hash boards.

Now that the minions obsolescence is on the horizon with 20nm in the wild and 14nm soon to come they're going to sell our hash boards as X2 units in-hand.

The X1 is obsolete and only a few are being delivered slowly.

This is clearly a confidence scam where they lied to get our money. They used it to mine a shitload of BTC into their own wallets without piecing us off the little piece we're owed. They intended to deliver us only garbage they can't sell as in-hand from the very beginning.

[notbatman]

...
It doesn't make sense that they would build a giant mine using bitfurys expensive 55nm chips when their chips likely cost a fraction of what they could buy bitfury chips for.
...

It does make sense when BitFurry is the only stock left. I tried to get them in late November but somebody snached up all the stock everywhere. Too late for the Jupiter and no BitFurry stock left, as somebody said BA had the least fleas and they looked like the next KnCMiner.

[notbatman]

ASCICMiner, Avalon, FPGA, how else could they mine back then if not BitFury?

[notbatman]

...
And they wouldn't need our preorder money to build a mine if they wanted to. They have been in business long before they began taking preorders for prosperos.
...

Knowing that my money was only used to finance the X2 farm and not the BitFurry one doesn't really change much.

[notbatman]

In May when the X3 was having back plane problems and couldn't work the rent-a-minion customers were told that the X3 hash boards were being made into the X2 for them to start hashing with.

[notbatman]

Then suddenly BA had a plentiful stock of BitFurry boards in-hand for sale cheap.

[notbatman]

We've been ripped off and the best conspiracy theory wins!

All that matters is that our money is gone. What exactly the dog did with it before he ate it is something we may never know.

[DebitMe]

A little excitement today.

Go my 2nd X-1 in the mail.

Pulled it out of the box and set it up on my desk plugged the cable into the back of the unit and then into the powerstrip. There was a thunderous electrical crackle and spark and the room went dark.

Looks like the power supply died and popped the circuit breaker along with it.

This is the first piece of electrical equipment I have had die straight out of the box that I can remember. It sure does smell bad!

How could this possibly happen when BA is using such premium quality components? /s

Yea, I thought they weren't supposed to explode!  Looks like one more lie/poor quality from BA.

[notbatman]

Hmm I'm struggling over here. I can't get my unit stable at all (BTC guild spamming 20 idle notifications a day...) and I can't upgrade its firmware.

I'd guess it's overheating due to improperly applied thermal paste.

[notbatman]

A little excitement today.

Go my 2nd X-1 in the mail.

Pulled it out of the box and set it up on my desk plugged the cable into the back of the unit and then into the powerstrip. There was a thunderous electrical crackle and spark and the room went dark.

Looks like the power supply died and popped the circuit breaker along with it.

This is the first piece of electrical equipment I have had die straight out of the box that I can remember. It sure does smell bad!

http://www.youtube.com/watch?v=gouMnKavDI4

A short video clip of "capacitors that cannot not explode".

[notbatman]

I found this book for sale on ebay along with guys trying to flog their 80Gh/s X1s for $400.



"sell it yourself" -- BA in response to a refund request

[notbatman]

So we're now about a week after they were supposed to start X3's and not a word, something really horrific must be happening that they are not willing to tell us.

The X3 has back plane problems and can't work. The X3 hash boards have been undergoing physiotherapy at the cloud hashing facility since May. They're going to return to work for customers after a few more months of difficulty jumps.

[notbatman]

Bitcoin Difficulty:   17,336,316,979
Estimated Next Difficulty:   19,477,254,247 (+12.35%)
Adjust time:   After 804 Blocks, About 5.0 days
Hashrate(?):   146,783,067 GH/s

[Pentax]

People on their forums are reporting that their miners are being shipped, even though their orders have been canceled after they have requested refunds.

[Pentax]

here is a thread from econtalk
http://ecointalk.net/topic/392-black-arrow-weekly-production-update/page-407#entry14648
Quote
 
David
Jul 16 18:54
Several order #'s to be exact, original was #R##########
As well as #### and ####.
This would of been ### Prospero X1's at a total cost of $######
and
T#### Prospero X1 PSU @ $44.99 ea for ####### plus shipping.
I am hereby requesting a full refund for this order as it has not shipped
yet, as of today July, 16, 2014.
I know it is of no fault of your own, but Black Arrow has intentionally
misled the public and the purchasers of the product, which is now six
months late.
Please process my refund and do not ship me the units.
Thank you.
--
 
 
On Wed, Jul 16, 2014 at 8:25 PM, Dan Murtha <support@minersource.net> wrote:
##- Please type your reply above this line -##
Your request (4172) has been solved. To reopen this request, reply to this email.
Dan Murtha (Minersource.net)
Jul 16 21:25
David,
Your units will packed up and ready to ship. They will be picked up in the morning. I apologize for any inconvenience and let me know if you have any other questions or concerns.
Thanks,
Dan Murtha
Co-Founder
support@minersource.net
1-844-646-3777
 
 
 
David <#############>
Jul 16 (4 days ago)
cleardot.gif
  
to MinerSource
 
 
 
 
Dan,
 
While I appreciate that, I have been thinking it over for the past week. There is no longer the possibility to earn an ROI and as I am not a business, I have no ability to continue to afford having to continuously purchase newer equipment as quickly as the difficulty has progressed.
 
Under FTC guidelines and Washington State consumer law, I have a right to a FULL refund as my purchase has not shipped at the time of request. Please process my refund, I believe I have been more than patient with Black Arrow in this whole debacle. I hold no ill will towards Minersource in this, I understand you were just as helpless as we were.
 
Thank you.

David
 
 
 
 
I then got no response until this email:
 
Quote
 
 
Miner Hosting LLC <tracking@shipstation.com>
Jul 17 (3 days ago)
cleardot.gif
  
to me
 
 
 
 

Dear ###########,

Thank you for your order from Minersource! We wanted to let you know that your order (#1268A) was shipped via UPS, UPS 2nd Day Air® on 7/17/2014.  You can track your package at any time using the link below.

Shipped To:
########################

Track Your Shipment: ############
 
I wrote back and that is where I got pissy:
 
Quote
 
 
David
Jul 17 (3 days ago)
cleardot.gif
  
to MinerSource
 
 
 
 
You have ignored my request for a refund. You are willfully violating FTC Regulation Sec. 435.2 ©(1).
 
You are hereby notified that I will be going forward with filing complaints with both the Washington State BBB & Attorney General, the Colorado State BBB in Denver & the Attorney General. I have just finished filing my complaint with the FTC, reference #54876592. I am also speaking with my council with what options to pursue.
 
I have now lost any respect I had for Matt aka bobsag3 and Dan. This blantant and willful disregard for my request is disgusting.
cleardot.gif
 
 
--
David
 
 
 
 
 
Dan Murtha
Jul 17 (3 days ago)
cleardot.gif
  
to me
 
 
 
 
##- Please type your reply above this line -##
Your request (4209) has been solved. To reopen this request, reply to this email.
 
 
Dan Murtha (Minersource.net)
Jul 17 16:13
David,
Sorry you asked for a refund after business hours after all the units were packed up and already ready to ship.
Dan Murtha
Co-Founder
support@minersource.net
1-844-646-3777
 
 
 
 
David
Jul 17 (3 days ago)
cleardot.gif
  
to MinerSource
 
 
 
 
That does not matter in the eye of the law. I requested it to be cancelled BEFORE you shipped it.
 
FTC Rules, which you should read, because you have violated multiple, states:
 
You must cancel an order and provide a prompt refund when:
the customer exercises any option to cancel before you ship the merchandise;
 
And
 
© To fail to deem an order cancelled and to make a prompt refund to the buyer whenever:
(1) The seller receives, prior to the time of shipment, notification from the buyer cancelling the order pursuant to any option, renewed option or continuing option under this part;
 
 
Since you responded to my first request for the refund, even though you said it was after hours now, you acknowledged I wanted to cancel my order and demanded a refund. The order had not been packaged and shipped according to your email, but would be today. I responded that I did not want the order.
 
I have already spoken to UPS and the shipment will be refused.
 
I have filed complaints with the Washington State Attorney General, Colorado State Attorney General, Missouri State Attorney General, The Federal Trade Commission, and the BBB for Denver Co and Washington State.
 
The law is on my side in this matter. If you wish, I will put you in contact with my attorney let the court decide. This would end up costing you more than if you just refunded it.

[Pentax]

and another from a guy whose order was sent directly from BA:

"I found the following numbers on the BlackArrow website and gave them a friendly call.......
 
 
http://www.blackarro...bout-us-en.html
 
Phone:
CN.png +86 755 2348 3465 08:30 - 17:30 (Beijing local time, UTC + , 从星期一到星期五  HK.png +852 8199 0849 08:30 - 17:30 (Hong Kong local time, UTC + , 从星期一到星期五  GB.png +44 203 239 7999 00:30 - 10:30 (UK local time, UTC + 1), Monday to Friday  US.png +1 858 437 9995 16:30 - 02:30 (California local time, UTC - 7), Monday to Friday
 
 
Spoke with their customer service advisor who appologised for the error and sent me the following email;
 
Dear Customer,

We are very sorry we shipped your order. Our compensation will follow soon and we will let you know when the compensation is ready.

Thank you for your understanding.

Regards,
Black Arrow Team"

[notbatman]

Unknown with ? Address

Some say it's GHash.IO, but who's providing the hashing power?

I know for a fact it's not Joe Dirt because he hasn't received his miner yet.