Yes, but weren't VMC already accepting pre-order cash for vapourware they now have no intention of delivering, now they've scrapped all original devices and are claiming a total turn on the spot?
Again a company that spends more time on creating a website than producing goods. What are the chances they will change products a third time? Why bother to update the site until you have something solid and at least in production?!
AMC/VMC would have less of a mountain to climb if they just ditched AMC/VMC and started afresh when they had something tangible and concrete instead of hot air and false promises. Instead they now have created distrust, and have pretty sites with products that don't exist replacing products that were promised and will never exist. Why believe these new future products are anything other than speculative concepts? If anything this is the most dire PR of any Bitcoin ASIC company yet, including Butterfly Labs.
Don't promise what you have no intention of delivering...instead under promise and over deliver!
VMC was selling pre-orders of Avalon clones during a specific time-frame. Any that were not sold will be used for mining under ActiveMining, so they will definitely exist, just not to whoever didn't order one. The current ones listed are based on the 28nm chip specs.
Sorry, but most of what you said can be applied to KnC too, for example. They are accepting pre-orders for products that are still in the design stage. Same thing.
Bitcoinorama is hardcore on the KnC Train,
I am too (10 Jupiters ordered), but that doesn't cloud my judgement of another company.
There are a thousand ways to do the same thing, some ways are more "correct" than others but that doesn't matter really as long as they reach the same destination.
I still don't understand your point about them changing their pricing/specs. If you have a product that isn't selling (regardless of if it is vapourware or not) you have to make changes in order to actually sell it. I'm sure he probably received interest in his products but no actual pre-orders, and if he did I'm also sure that he is giving them the new prices.
On your second note, the reason they update all of these prices/specs is because they do have something "in production". If a signed NDA is the beginning of the production process...
Since now they can actually assess their costs and current difficulty trend.
In my opinion they seem to be in the same spot KnC was when they started taking pre-orders, just without the FPGA.
Sorry total disagreement here. I'm on the receiving end of a fair bit of negativity as I flew to Sweden to check out KnC.
That doesn't make me hardcore anything, just diligent. I've been fair to every company, including Terrahash as you well know, but I will call a spade a spade.
Admittedly I wasn't fully aware of AMC's role in bulk Avalon chip orders as they choose to post outside of the custom hardware section, so then there is some sense in VMC suddenly change in product offering, but not post deletion. That is a PR clusterfuck now that is biting KSlaughter, and will continue to until he has something Tangible. KnC have never done that.
Also KnC have a shit-hot design team with multiple NDAs signed over the years with multiple foundries. Not that an NDA means shit these days anyway, and before someone tries to claim the opposite, it really doesn't, not to any decent legal team.
VMC now have a new product offering, but we have yet to see any evidence of talent aside web design, that's a huuuuge difference.
In any case I'm bullish on KnC as they are a cracking bunch of quality engineers who appear to have integrity and the competitive mindset required to succeed, but I'm longing to see some other competition that doesn't contain a bunch of amateurs (this last sentence is in not way directed at KSlaughter, it's a generalised statement of the current companies and how they publicly choose to behave through their own free choice).
EDIT: I was initially very positive about today's 'Krater Mining' until I saw their pricing!! I'm also very keen on the DIY set, but as I have stated numerous times the amount of unknown intermediaries there as chips are delivered, distributed, sent for assembly, resent to final destination is potentially quite scary. Butterfly Labs and Avalon both appear to be wasting once in lifetime business opportunities they will regret later in unless they get their shit together. Butterfly Labs are incompetent. Bitsyncom's blazé attitude to running a business, is immature at best, but is Yifu's mistake to make. You can only encourage him. I appreciate he likes development more, but for a 23 year old, as cool as he appears to be given an opportunity like he has and to turn around and say he's not motivated by it is nuts. He has been given the gift of having talent in the right place at the right time, and could do so much more. I really hope he doesn't throw it away for his sake. I'm sure he's secured employment through a now stella CV, but who really wants to remain an employee when they can run a real profitable and exciting business?
