Topic: New Official AMT Thread - page 111. (Read 149454 times)

How many fully populated boards would I get with a back plane and all necessary hardware?  If you're producing A1 chips with the Technobit Rev. 3 board, I would be happy with a 6 board miner.  Maybe we could also work out a small deal on the scrypt miners you plan on selling to try and work out a fair compensation plan, or have an extra smaller miner thrown in for free, for such big delays.

Let me know what you think.

Actually legally they cannot touch anything. They also stopped orders on hardware...because they are not taking any new orders they are at least in compliance of that. By them changing the website they would be in defiance of a court order, its the functional equivalent of shredding the documents. This is just the legal aspect. And also good luck suing lawyers lol. Generally speaking unless there is really good cause for it, other lawyers and judges view it as poor form and throw those cases out as frivolous. The lawyers are paid to consult and advise to avoid making a legal situation worse. In this case defense. A plantiff's lawyer....the class action, for instance advices the registered plantiffs what actions to take/not take. In this case the registered ones have stopped posting in public forums on the likley advise of their lawyers.

If they could deliver us 6k worth of hardware they could just give us the 6K back in cash, so that seems not to be an option.

I think the lawyers are probably right on this one. If they start changing prices on things to lower them then we are going to counter with now you owe us more in hardware based on current prices (this is obviously ignoring the MPP entirely). If they keep the prices where they are they can say they are giving us the hash rate at the advertised price that we paid. Shitty but smart legal move. We aren't talking market value here we are talking about advertised cost. There was a +/- 10% variance listed as well. So to be within their advertised hashing power they need to deliver at a minimum 1080 GH/S.

Obviously this doesn't take into account the advertised shipping date.

I'd be happy to receive a 7 BTC immediate refund, which would give me  $2,961 in refund it's cheaper for them than a over time 6K pay back and it allows me to buy 1.321 TH worth of hashing power on PB mining tomorrow.

I would suggest Go with dollar amount. Unless you paid with bitcoins before December then its not worth it. Least thats my take. But ultimately how you feel with the bitcoin method at this time. Down the road there will be more confidence with BTC but now its just in a support phase. It could go up or bottom out.

+1 to this.

I'd really like to know who their manufacturer is for option 1. Also they said 1.2 (possibly a little more) I want to know how much this possibly a little more is. The 20% bump would be nice to have it kicked up to about 1.5

Also I'd really like to know who they are sub contracting with for option number 3 and if the hosting is paid directly to AMT or that third party. But with the 20% bump in speed it might be worth it.


But since 2 is the tecnobit solution and we know the tecnobit solution is getting good results it might be the route to go. Plus it looks like I can spread the load over different circuits.

I am ready to see what they've come up with. I wonder what time the lawyers are going to get back to them. And I'm hoping the page goes up quicker than the forum they were going to post on their site.


Kidding aside if they manage to pull this thing off and at least get working hardware to people it might redeem them in the eyes of some other people and give the other manufactures something to look at rather than the promise of more compensation with no delivery.

Exactly,  they have not delivered anything on our $6,000 purchase.  If they are to deliver anything now, then they should deliver something that is worth $6,000.    At current rates that at least a 3 THs system.

The fact that they have not changed the prices on their website appears to be a way to hide the reality that a 1 THs system can be bought for near $2,000.  Yes, the defense lawyers are in on this scam by 'recommending' that the truth be manipulated.   Is there any way to sue their lawyers as being accomplices?

Specifically, who has a working miner?

+1 well said. I also think providing a 1.2T would be only 1/3 compensation at this point in the game. I think you are not alone, many of us feel because of the price drop an additional T's should be added, especially since AMT claims to be sooo good and have the best chips ETC. If companies that they (not us)  think are not so good, like ANT S2 selling for $$2500 for 1T . They should be able to do much better and back up their claims of being so good and give is 3T for our $6000. They are talking out both sides of their mouth, on one hand telling us how they are better than spondoolies (which is not last years design but brand new design by the way); yet the don't want to beat their pricing.  I am not even taking in account all the bitcoins we lost either.

+1 to this.

Also make it obvious as to where we can send the non-working in exchange for the new option. I'll go ahead and get it bundled up tomorrow for immediate return.

This peace of a shit  theaf keeps deleting my posts,,,,

Thanks for the reply. glad to see your thinking this through. Please try to be as descriptive as possible in not to technical terms as to which board/chip options will be available on which options, hosting info such as pool options and terms of hosting, that sort of thing so we all can at least make informed decisions on which option is best for our particular situation.

Also thanks again for spending a little time now and then to update us and try to be a part of the community. it has been a refreshing change and again there are many who do appreciate it. Keep it up and I will be looking forward to seeing the options we have so we can turn this bitch around and get it heading in the right direction.

When I ordered back in November I thought the original delivery date was extremely aggressive but I was repeatedly assure that the dates were good. I honestly expected delivery in early February and I would still have made money. I also have a butterfly labs miner on order (at heavy discount due to their previous late deliveries). They are also 5 months late but they are going to deliver approximately 400% of the hash rate they originally offered (and have offered 100% refunds).
I understand that AMT may not have the money to offer 100% refunds immediately (this would be my preferred option at this point). I would take the the 6 months payout if I believed that I had a good chance of receiving the money, but I don't.
Not delivering a power supply and offering no refund for that cost is crazy.
Personally I think AMT should offer at least 3.6TH to replace the 1.2TH ordered. The difficulty has actually risen 8 fold since January so a threefold increase in performance is not even meeting us half way.
I do understand the difficult situation these guys are in, equally they should have some recourse to their suppliers (for example by receiving free chips from the chip designer).
I look forward to seeing some suggestions from AMT that give us some hope of a return of funds which they are required to offer by law.
I have brought things on Kickstarter and I understand the dangers of that type of purchase. This purchase was not made with those caveats and should not be subject to those risks.
I have to this point been extremely patient and generally supportive of AMT but I believe their current suggestions for resolution are a prime example of too little being offered.

My real account, complete with order number doesn't get a reply either.

Probably the only truth coming outta camp AMT, for I've personally created two fake email accounts a week or so ago and tried to order, neither of which were replied to.

AMT Miners - Please advise on what I should do with this miner that was sitting for a week and now coming back to me. It's not really any use to me since it will self destruct. Please let me know when option 2 has been tested as a valid option. What can you do to ensure all of us that option 1 will not be another self destructing bitcoin miner?

We have not edited the site/pricing because the lawyers said not to touch anything, and these guys know their stuff. Part of the filing was that "nothing can altered, edited etc". Also we haven't accepted a new order in the last 4 weeks, despite people that would like to pay. And that's the truth. So why adjust the pricing if we're not accepting the orders, we just marked it as sold out/out of stock.

There have been several working miners and they have posted them here and discussed them. From the bitfury line to this line, the miners work but due to a manufacturer problem it caused further delays and a substantial financial loss which has made things tough.