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Showing 20 of 34 results by Lancelot19
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Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s
by
Lancelot19
on 25/07/2014, 17:48:19 UTC
The conversation that was posted about 8 pages back between Dan at MS was my email chain.

I have since refused the shipment and it was sent back to them.

If anyone has requested a refund from Minersource and has not received it, please send me a message.

If your order ships, do not accept it, if you accept it you will make it quite a bit harder to get your refund.

Interesting return path. It shipped out from Commerce City, Co. The tracking return the package to Rolla, MO. Which JUST happens to be where Bob and Dan seem to live.
I will be careful though and refer to the your counsel on this matter. I am also a customer and with their terms of service it makes it a little ambiguous what happens when you decline shipment. This is the part that worries me:
"Preorders

The Purchaser understands and agrees that we will use his payment in order to purchase the necessary materials or pay workmanship required to fulfill his pre-order which will be non-refundable if cancelled. For this reason, the purchaser hereby gives us the right and agrees with our decision to decline any requests from him or third parties to cancel his pre-order."

If anyone can provide me with some clarity I will really appreciate it.

to start, a companies ToS means absolutely nothing.  They can write whatever they want in it, but if they violate the government laws, they may have as well written them in the sand on a beach, because they are worthless.  Now BA has decided to business in the U.S., the U.K., as well as a slew of other companies whose laws protect the consumer from unfair business practices such as this.  In the U.S. for example, you are allowed to request a refund even after the product is delivered for some period of time (someone can correct me on the exact length of days here as I am unsure off the top of my head) no questions asked.

Now, if a refund request was submitted prior to shipping, it is on the companies responsibility to oblige the request, and shipping the product blatantly ignores that.  Any judge will easily award the customer the lawsuit and make the seller refund for the product.  He should just make sure he has copies of all emails sent to and from BA, as well as copies of when his shipping notice was received and the tracking info.  Now being in China, that complicates things, and a rejected package will probably have a very hard time getting retribution even though the law is very clear.  This is because it can get messy when going international.  But the fact remains, that he has the right to request a refund at any point, regardless of what any ToS say on BA's.

Also, it can be proven that BA very clearly violated their own ToS many times.  The one I am referring to is when they said they needed to cash out the order money to pay for production.  There are many people who have tracked their bitcoins and they are still sitting in the same address that they were sent to, obviously not cashed out by BA.  Just another instance where the scum of the earth company has lied about what they are doing.
Thanks for the response. My only issue is that these items weren't marketed as commercial products, rather built to order. This changes which laws apply. If it is actually a built to order product, it would be as if you pay a construction company to build a house, and then once its done, decline payment. If those same rules apply then maybe they aren't required to do refunds. Did anyone hire counsel regarding this matter for clarification? Many people are saying many things and I'm not sure if they did their homework. I have already reported to BBB and FTC, and declined shipment. Unfortunately, I can't afford a lawyer for such a small amount of money, but someone I know with experience says it will be tough because they offered compensation and the units are performing above spec, so the TOS might apply. They then recommended I accept shipment and compensation. I regret ever ordering from BA.
Post
Topic
Board Hardware
Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s
by
Lancelot19
on 25/07/2014, 16:50:53 UTC
The conversation that was posted about 8 pages back between Dan at MS was my email chain.

I have since refused the shipment and it was sent back to them.

If anyone has requested a refund from Minersource and has not received it, please send me a message.

If your order ships, do not accept it, if you accept it you will make it quite a bit harder to get your refund.

Interesting return path. It shipped out from Commerce City, Co. The tracking return the package to Rolla, MO. Which JUST happens to be where Bob and Dan seem to live.
I will be careful though and refer to the your counsel on this matter. I am also a customer and with their terms of service it makes it a little ambiguous what happens when you decline shipment. This is the part that worries me:
"Preorders

The Purchaser understands and agrees that we will use his payment in order to purchase the necessary materials or pay workmanship required to fulfill his pre-order which will be non-refundable if cancelled. For this reason, the purchaser hereby gives us the right and agrees with our decision to decline any requests from him or third parties to cancel his pre-order."

If anyone can provide me with some clarity I will really appreciate it.
Post
Topic
Board Computer hardware
Re: For sale: Budget and Power LTC/Scrypt Mining Rigs
by
Lancelot19
on 01/12/2013, 08:24:40 UTC
I wish those estimations included start up cost, like hosting fees
Post
Topic
Board Hardware
Re: Black Arrow announces 28nm 100Ghash Bitcoin ASIC from $1.49/Ghash
by
Lancelot19
on 23/11/2013, 02:52:35 UTC
to re-answer and agree with the former answer on the asic miners and chips...........

I am sure that KNC miner is working on their next generation, however, I do see their reasoning in not having so many chips made the first time around.
It takes MONEY, and time. I am sure they didn't want to gamble more than a few million dollars (of our money) on making chips no one would buy, or someone would outdate, quickly.

With several companies jumping  into the fire with big asic miners, it is getting harder to sompete, and if you look at their mission statement, they stated out front, that they would release them slowly, as not to drive the market up too high, too fast, allowing the owners time to recover their outlay, before saturating the market with new machines.
I am also sure that the manufacturers held some back for them, and that means they want to keep the market low, for their own mining purposes, and I can't really blame them.
We saw  many group buys (I personally got left out of several, in this  particular forum, because of that stupid NEWBIE crap, which sucked wind like a vacuum cleaner...thanks a lot I might add), here, and a ton of us got left out, but that is they way it goes.

At least they HAVE a release date for more machines. cointerra doesn't, others don't either. And here comes blackarrow, not willing to answer questions, nor have they posted very much data, nor do they have any means of insuring yours and my money, and expect us to just GIVE them our money and hope they deliver.

That being said, by the time their (knc's) MARCH batch comes out, the difficulty will be WAY beyond what any 500Gh machine can do.
Cointerra had the right idea, but by the time theirs comes out, those 2TH machines will only deliver 1 BTC/day, leaving 500GH machines in the dust, and themselves fading fast. Right now, it takes over 1TH to make 1BTC/day, and novembers, and decembers machines haven't been released yet. It seems to just about double what it takes (in TH's, now that GH's are about dead...Mh or Kh is useless) every month.
By february and march release dates, it will take upwards of a  minimum of 5TH for 1BTC/day and 10TH to make a descent profit, maybe even more. No telling what those will cost, either.

I, being willing to invest some bucks, now that I have stacked some away, see it being a loosing battle, and bullcrap stuff like 45-50,000 for a jupiter machine, or Cointerra PREORDER (which again smacks of rip off), on fleabay, is making me sick.
ROI WAS at about 30-60 days, that 50,000 crap puts it 6 months to a year or  more before you get any ROI, and that is only if the price stays up.
I am NOT willing to throw my money at someone who won't give me any way to insure my money is well spent and not ripped off. And when they aren't aswering questions, or putting out any data, THAT raises more questions than answers.

Not to mention the fact that these "groups" are buying up anything and everything that comes out, since they were the only assholes allowed in on the group buys, because about a hundred of us "newbies", or a LOT more got left out ,because we couldn't post, or PM anyone about getting in on those "group" buys. Once again, thanks a lot for that shit, too............

rant rant rant..........





Please list the better options.
Are you so lazy that you want someone else to do all the work for you?
You are such an expert, just go buy some chips and manufacture them yourself. It's so easy right?
Group buys have been a success even allowing refunds. Haven't seen many complaints from anyone that participated. They are on track to all ROI.
I also didn't get to get involved in the group buys, but then again, how is it their fault the website has noob rules?
Post
Topic
Board Off-topic
Re: What mobile OS powers you?
by
Lancelot19
on 06/11/2013, 17:03:53 UTC
I'm doing this to gauge what type of mobile OS this hardcore bitcoin community uses. One assumption is Android. Open for geeks to tinker with. And just look at the market share... But I'd like to know what folks vote on here.

Sure I could have included Ubuntu FireFox OS and even some crazy shit like Windows Mobile or even more bizarre Navyn OS or whatever custom strip of gentoo you wish to compile. That's too nerdy for the topic.

I have the intention of developing a mobile app. Question is android or iOS first. I'm personally an iOS user.

The webapp will be the universal default of course. But native is nice and smooth.... Smiley

What type of app are you thinking of looking into?
Post
Topic
Board Speculation
Re: When to pull out?
by
Lancelot19
on 05/11/2013, 15:13:25 UTC
If I was you I would hold. I know you have a shit ton of coins, wait for them to hit 1 k. Don't do day trading. You are better holding a deflationary currency and spending your dollars.
Post
Topic
Board Computer hardware
Re: [WTS] 2x KnC Jupiter + 2x Corsair AX1200
by
Lancelot19
on 04/11/2013, 19:12:26 UTC
40 BTC for both shipped overnight tomorrow.
Post
Topic
Board Mining speculation
Re: Mining with asics is already dead.
by
Lancelot19
on 31/10/2013, 19:19:20 UTC
Irrelevant what the equivalent was then in BTC. He paid in cash, he mined BTC, BTC worth $200. All that really matters. He made an investment that BTC will do well and it paid off.

You are just jealous you can't convert $170 into 1.8 BTC :p
Post
Topic
Board Computer hardware
Re: Looking to buy 120 BTC of hardware! PM me/ Post best offers!
by
Lancelot19
on 31/10/2013, 18:12:48 UTC
Out of bitcoins! Thanks for everyone who sold me hardware.

Thread closed.
Post
Topic
Board Computer hardware
Re: Looking to buy 120 BTC of hardware! PM me/ Post best offers!
by
Lancelot19
on 31/10/2013, 16:50:07 UTC
78 BTC left to purchase hardware! Keep the PMs coming.
Post
Topic
Board Computer hardware
Re: Looking to buy 120 BTC of hardware! PM me/ Post best offers!
by
Lancelot19
on 31/10/2013, 16:24:23 UTC
Looking to spend ~120 BTC on some hardware. Message me if you are interested.
Your an idiot. You'd be better off stashing those coins under your bed.  I can promise you that your ROI will be higher.  Whoever collects those coins from you wins.
I've made money off all the hardware I have owned for the past 6 months. You can't promise anything with bitcoins. Calling people idiots on the internet is cool isn't it?

That might be one of the reasons why you have -11 trust on your "Aco" account and -5 on this one. Three separate people have caught you lying.
Post
Topic
Board Economics
Re: Invest in Bitcoin, Gold or Silver?
by
Lancelot19
on 31/10/2013, 14:38:01 UTC
All of the above! The one thing we know for certain, the days of the inflationary currency are over! (USD ect)
Post
Topic
Board Computer hardware
Topic OP
Looking to buy 120 BTC of hardware! PM me/ Post best offers!
by
Lancelot19
on 31/10/2013, 14:35:25 UTC
Looking to spend ~120 BTC on some hardware. Message me if you are interested.
Post
Topic
Board Mining speculation
Re: Guesstimate thread for total ASIC pre-order hashing power [MODERATED]
by
Lancelot19
on 31/10/2013, 14:32:06 UTC
I think this needs to be looked at as much from the expenditure side as the forecast fabrication side.

In essence, a years worth of investment is coming onto the network now and over the next few months.  A lot of new miners (like me) have spent their available cash on pre-orders.  I'm not sure that the market will be there to pay for the production of the ~ 6 PH/s that's been announced by the new ASIC foundries over the past couple of weeks.

Of course, I could be very wrong, and new corporate-scale mining companies with new external capital might appear, but the existing contract 'cloud' hashing services don't seem to me to be capturing that much interest.

So another way to look at the question would be to try and calculate retrospective month-by-month dollar spends, and projecting that curve and factoring in some approximate hashrate-per-dollar forecasts. 

I really hope your pre-orders arrive on time. Every day I hear another company postponing delivery.
Post
Topic
Board Mining speculation
Re: Mining with asics is already dead.
by
Lancelot19
on 31/10/2013, 14:30:40 UTC
You can say it is dead all you want. My BTC wallet and daily payouts say otherwise.
Post
Topic
Board Mining speculation
Re: I'm About to Quit Mining
by
Lancelot19
on 31/10/2013, 14:28:42 UTC
Mining can be bad for the people who don't pay what it is worth. If you find a good deal it is easy to make money off mining. Some people have no problem STILL paying 43 BTC for a Jupiter. Ridiculous. Never ROI. Others, get off with deals like $4000 for a Jupiter (Me). That turns out well.

Hope this helped.
Post
Topic
Board Altcoin Discussion
Re: low electrcity cost - gpu mining worth it?
by
Lancelot19
on 31/10/2013, 04:10:25 UTC
USB miners are cheap now-a-days. You can get them for $10 pretty easy for 333 MH/s.
Post
Topic
Board Computer hardware
Re: Selling my Apple MacBook Air (13-inch)
by
Lancelot19
on 30/10/2013, 21:53:22 UTC
Probably doesn't want risk of charge back.
Post
Topic
Board Computer hardware
Re: Selling my Apple MacBook Air (13-inch)
by
Lancelot19
on 30/10/2013, 19:59:11 UTC
Buyers beware. I think this is the same person who was trying to sell the Apple products before. Check out the post.

https://bitcointalk.org/index.php?topic=316355.msg3394586#msg3394586

See the similarities? Also, the account was created on the 26th, the last day the "Aco" account was logged in. If you look at the posts on both, you will notice the handwriting and hardwood floor are the same.

Also lives in the same vicinity (what are the odds?)

https://bitcointalk.org/index.php?topic=316862.msg3400227#msg3400227
https://bitcointalk.org/index.php?topic=317340.0


I think he made a new account because his trust on his last one was so negative.
Post
Topic
Board Beginners & Help
Re: hi, new here, miner hardware needed
by
Lancelot19
on 27/10/2013, 04:59:09 UTC
What are the odds that he could solve a block with his USB miners? Thinking in terms of time, how long would it take to get a 25BTC block reward? (That's how that works, right? Newbie, here:-)

1 month, 1 year, 100 years, 1000, years?

As I understand it, it is a bit of luck too, right? A bit like gambling?
When you are in a pool it will allocate the easiest shares to the slowest miners. He doesn't have to solo mine. Meaning he will get payouts even if they are really really tiny.

Also, not everyone buys these little USB's for profit. I bought one for my younger cousin just to get him interested. Didn't care if it would ROI.