Topic: New Official AMT Thread - page 119. (Read 149472 times)

FYI to put things in perspective, AMT may be going through alot of stuff right now. At least they have been upfront with that after much pushing to get answers. BFL is another mining company that is flat out ripping people off. They wont talk about any of it. So in a sense much worse. In fact most of the other US mining companies are going through similar issues. The same people jumping on board with scam this scam that with little or no proof. This industry wont take off here in the US with morons who have a soapbox. Granted there are real scams that need to be exposed. So there should be people keeping an eye on that. BUT AMT actually has a tangible product...despite the quality control issues which they are clearly taking ownership of and addressing, they have a product which is more than some companies can say right now (BFL included just using them as one example they are the most well known mining company).

I have a single order with them as well from November of last year. So I am addressing that differently because of the time involved. I have gotten nothing but the actual runaround from them. At least with AMT some if not most of us have gotten something. I feel for those who have gotten no replies...particularly if you have a complaint against them. But that is a legal thing and probably under legal review. Cant be shocked as they gotta walk on eggshells for legal people. This is not a defense of the company, just a fact as that is how EVERYONE with a legal complaint against them has to operate. Its about covering your ass.

It could be far worse than it is, but they are at least talking to us. But the trolls conveniently jump on here every time they say something instead of trying to provide solutions they just talk shit that does nothing but make the situation worse for the rest of us paying customers whatever state you may be in. For anyone in any situation with AMT you WANT them talking to you not having to manage this forum because a few idiots with no vested interest in this company spam the forums with negative bullshit that really has no substance. Does "you guys are so fucked" solve your problem?

Does sirminesalot posts about AMT deleting his posts solve your problem? He implies they are not addressing our problems. They proposed some options. We have been discussing it over 2 pages......he must be very selective in his reading or he has AMT on ignore. Just saying read into the substance as that is how you find the usefulness in the comments. Tired of useless people and their ongoing bullshit. I want results and solutions not moronic comments that are for self-serving attention whores. Least AMT is giving us options and potential solutions. Now after this we want action once a solution has been fixed upon. Its a process but we expect to see it happen.  

Get 'em from LKETC.com

Now everywhere with in-stock 1TH/S and 1.4TH/S miners, you still ship nothing  and no update is not acceptable.Can you just simply refund me with my 2 miners to following address:
1KS9rRw6uv7mptjEVhBHYMtGKK2QfWVju4  ?

Thank you,
Tony

You need to explain how you are spending *our money* to buy out equipment from another party to ship to us. 

Are you buying depreciated assets and having us customers accept the depreciated assets?

Except they actually are if you read the post immediately before yours you will see they just did. Clearly you haven't read shit and are still posting useless comments. You are like loshia with better english. Last nights post also proposes solutions. They were asking for our input...clearly not yours as you are not a customer. So yea the people posting the "you are fucked" comments and other shit that contributes no solutions just stupid shit to say....well you stand on the substance of what you say. Which is nothing. Not on their side I am on my own side in this. BUT Its important to promote this to actually get results and get AMT to be a bit more transparent without morons like you talking out of your ass. Did you buy a miner from AMT? Are you in any way financially invested in the company? I asked before and that question never got answered.

Buying them up in from a third party who wants to help us out.

Some interesting news from the general mining community at large. Covering a broad range of the mining issues so in one sense we are not completely unique in our situation in some aspects.
http://www.coindesk.com/coindesk-mining-roundup-hot-issues-lawsuits-eco-mining/

AMT_miners,

I waited half a year now. still nothing. Can you just simply refund me?please just kindly and simply refund my money to my Bitcoin account as currently market rates of Bitpay for both miners to following address:
1KS9rRw6uv7mptjEVhBHYMtGKK2QfWVju4.   I post in forum,hope you can response here or email me the response.
and what is the deadline for this.

Thank you.
Tony

+1

I think if we were all to be realistic, AMT will never be able fulfill its obligations of the MPP.  

I however am interesting in a settlement were I am able to exit this fiasco with the minimum amount of damages.  In the event AMT is unwilling to settle, then I am within my rights to demand that the MPP obligation be fulfilled.

So far I am still at a massive loss given that the hardware they've shipped isn't working and therefore not worth anything to anyone.

The MPP is important because that was the advertising hook to buy AMT's products. At the end of the day if they get things together and do provide the technobit boards, that would be a nice change of pace for us and for them to be able to properly fulfil their obligations in that regard.

We need fully working, validated and hashing miners at 1.2Ths in complete form that should be described in detail so that we know what we are getting (and actually get that instead of another comprimise)

And the MPP needs to be honored as well as there was clearly a massive delay for everyone. Some of us got hardware in various degrees of working order. Most failed within the first few days of just having it hashing. All in all various delays. The hosting option is ok, but with paying electrical on that seems kinda silly. Better for us to host the hardware in a facility near us and just pay the fixed rates that are charged by a datacenter. As there are not alot of details on each option its hard to say which is best at this time. But I am all for a hardware refresh if technobit hardware is involved. Seems like it would be a much better way to go and I think would satisfy alot of people on here. We appreciate the additional communications and hope to see a timeline on things so we have an expectation and actual results.

AMT, will you pick up my RMA today? Any By the way, what is a "Script" Miner?  Does it mine batch files or something? Or do you mean a "Scrypt" Miner?

I think hosting is a good idea, unless there is some catch like electricity AND a hosting fee. If a board were to go bad, I would assume they could have someone come out and replace the board, better yet, if a board went down you could just credit our account for the downtime of the board. I try to subscribe to hosting with a variety vendors, just because I don't want to put all the eggs in one basket. At some point, you could just rent out the Th/s and not really have each miner owned by each client, I think this would be a smart way of doing things to buy, sell and trade Th/s. I know other vendors offer something like this, but I don't find the method being transparent enough for me.

I am also one of the ones who bought in Dec of 2013. It is now May 2014. Today, a you can buy a brand new 1.4Th/s miner for only $4,000.  As I see it, every customer who ordered a 1.2Th/s miner has already lost $2,000+ for each miner. We took a chance on your company when buying this miner, and I hope you can do something to redeem our confidence soon.

I would also be interested in hearing about the MPP.

Actually if you don't have any power supplies coming with the machine, I think I would just take a refund because I can't afford to have my machine not complete.

+1  I agree,  the current design is hopelessly broken.  I doubt they will ever work.

I got mine, and it is still doing nothing.   

Yes,  I have no idea how they can even ship all existing miners.  Also when they say 'ship a miner', do they test if it works.  So far the Bitmine based miners have all kinds of technical issues that prevent it from working.

I mean,  I still have a 6,000 brick in my basement that run for over 3 weeks now.  How is that going to be addressed?

My preferences in order:

#1 but only on two conditions: (A) the problems encountered by others have been fixed, and the miners will operate stably at 1.2 Gh/s (and not kits, we are talking assembled ready to hash miners), and (B) they can be shipped in the next 7 days.  Given that 1 Th/s miners with 1000 watt power draw are shipping for 2600-3000, this is a pretty big step down so I think you still need to consider compensation (see below).

#6 If #1 isn't feasible, and on the same conditions (miners are actually shipping in 7 days, and are stable 70 Mh/s).  Again, I think comp is still an issue.

#4 if #1 and #2 cannot be done within a short period of time, and there really is no other good alternative.

As far as compensation, if AMT wants to continue to stay in business the above do not address compensation at all.  Obviously, if this is essentially a liquidation plan then compensation is moot as you just be delivering what you can.  However, if AMT is going to sell new miners (scrypt or otherwise), you owe it to those of us who (funded) stuck with you all this time to give back some form of compensation even if not just cash.  Even if BTC price had stayed above 700-800, the increased in difficulty (predictable) and the decrease in cost per Gh/s (also predictable) has made the delay cost us more than 60% (e.g, A1-based 1 Th/s miners going for around $3K now plus the loss of mining March - May).   Assuming AMT plans to stay in business, the compensation that would seem feasible could be: (A) additional or more powerful hashing boards provided at cost, when available, and (B) discounts on future miners (e.g., 50% up to $3,500 per 1.2 Th/s miner paid for).

my guess is they've been assembling like mad while not communicating to get ahead, or they found some cheap labor at home depot.

But then they have to deal with know faulty hardware. So they can get it out to you, but they can't guarantee it is to work. Which means shipping and RMA issue, but it kicks the can further down the road. It could be they've had some credit extended to them in some sort of business loan, or have found an investor to raise capital.

just my guesses though.

You guys are so fucked. So how can amt offer the option one, of shipping all the miners in a week, if they can't currently ship all the miners?? wtf is the theory behind that?