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Topic: New Official AMT Thread - page 120. (Read 149472 times)

rik_khaos

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Just a regular guy who likes his fiber.

Quote from: AMT_miners on May 04, 2014, 09:52:03 PM

Alright this some good feedback.

Instead of quoting one by one lets just go over the principle questions one at a time.

Power supply?:

Probably no power supply would given in any of the options, or we'd send the power supply separately to speed things up and make them easier.

If the law suite seized our assets in the future for the hosted solution?: <- great point by the way.

We'd subcontract equipment/hosting to a third party in order to insure that the hosted solution would be safe for our clients which choose to do that.

Do we have hosting setup now?:

No, but through subcontracted hosting friends in the industry we can have it running in about a week.

The klondike option?: Would come with cables, connector, software/raspi, everything except the supply. We really want to get out of the integrated power supply arena, it truly screws the pooch on all fronts.

I'm cool with the no power supply solution as I've got my own if going the hardware route, but with what you just said I think the 1.2 +20% comp is a really solid option. You save shipping cost, you probably get a better deal in bulk. Since it's a company using a lot of electricity they are probably getting a better deal than almost any of us individually. Plus I'm assume the miners are checked and maintained as part of any fees.

I would like to know again if we have the option to log in and point our miner to the pool of our choice of if we are stuck with whatever the subcontracted company wants. Since it's essentially a hosting option for "our" hardware.

Plus I like the idea of being to have it up and running as quickly as possible. I'd be happy to pay the electrical costs with the bitcoin I earn.

For me #3 is looking like the most viable option at the moment.

subseaguru

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I know the voices in my head aren't real.

Quote from: captin crunch on May 04, 2014, 01:02:13 PM

Quote from: subseaguru on May 04, 2014, 10:29:55 AM

Quote from: regtable69 on May 04, 2014, 07:49:11 AM

Quote from: subseaguru on May 04, 2014, 03:58:19 AM

are the 500Gh/s miners working as advertised?

the original design of 2x amt bitmine boards fall short i.e 204*2=408ghs i believe to be down to bitmine saying cards will do 275 ghs. so as per consumer rights amt shipped 3* boards giving grand total of 612ghs nominal currently one board is dragging its heels after lobotomizing it to make it work but its pulling a good 570-600 average so no complaints. ironically mining btc the lobotomized card pulls 150-160ghs but mining bonus coin (bns) it works fine. little special needs card cant compute btc block data as good as it computes smaller packages lol. all in all working well. just the btc price and todays down time of local bitcoins holding roi back.

I appreciate the reply. with all the issues on all manufacturers with the exception of the ant's, i have been somewhat ~~skeptical~~ reluctant to try to make another purchase.

Bear in mind that regtible/mellboro's machine is one of the only confirmed machines that has worked pretty much as advertised out of the box. Hopefully they resolve the issues soon.
The thing that is not going as advertized is delivery so if you are thinking of investing in AMT use only money you are willing to never see again and assume that is what will happen and in the end, maybe you will be pleasantly surprised to have a miner show up on your door step sometime in the distant future.

My advice is as far as the bitcoin mining industry, never pre-order.

words to live by

especially in Bitcoin

tonyca

member

Activity: 83

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AMT,Every week I sent you email for following up and no response at all.
I'm the customer since Nov 12,2013. It's May 4,2014 now.again,can you just simple refund me? and tell me what is your script option?
You can't just ignore customer's inquiry or keep quite for status update. what is my option for 2 miners.

Thanks,
Tony

mrpark

sr. member

Activity: 364

Merit: 250

P.S. please pick up my 1.2T miner at FedEx. It's been about 2 weeks that I have been trying to return this miner to you guys.

opieum2

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The thing I think everyone here wants to know is the timeline on whatever option is chosen. We all really just want to make sure that its a committed timeline with a reasonable expectation behind it. Everyone has been waiting and for those who have gotten hardware, we are hoping for something that addresses the flaws in our current situation. It might address alot of concerns people have. The most important is to stick to that commitment and provide regular updates on things. Delays CAN be understandable to a point.

ISAWHIM

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Quote from: rik_khaos on May 04, 2014, 08:28:29 PM

That is an excellent point about option three they may take the hardware in case of lawsuit.

Unless we were offered some protections against this like it was offered by another company then three becomes less viable.

I retract my wish for three

And with this you said that none of these are considered individual settlements and do not require that we opt out of the class action?

Because if thats the case the class action is the insurance for number 3.

3.Transfer to hosting...

If hosted, the hosted miners are not "AMT property", they would be your property, and thus, protected. (Unless it was done third-party hosting, then it still would not be "something you could lose".)

As for "considered individual settlements" and "opting out of the class action"... If you get something, you would need a new case, would you not? As the class action, I believe is for "non-delivery". From what others have stated. Though, in the end, they will get next to nothing anyways, since the lawyer will take more than 50% of any settlements, if they even win. Hope they don't charge if you lose, but most do. They won't charge for the case, just the time in court, court-costs, and processing fees. They are tricky like that. Chances are, they will lose because they ask for overcompensation, and make you believe they will get it for you, but only end-up getting about half what they ask for, leaving you with about 25% of your original investment. They don't like to actually go to court. They lose there. They are ambulance chasers. xD.

Just ask them how many cases they won in court... Bet the answer is zero... then ask them how many times they were in court... They have to tell you.

mrpark

sr. member

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The hosting option, you put a 1.2T in a rack for us and we pay electric. (I would hope from the money we have already invested). Is it as simple as that or are there more fees? Spondoolies for example charges me a fee, but my electric is covered under that monthly fee. This is a very clean solution for me, but it has to make sense in regards to ROI.

NotFuzzyWarm

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Evil beware: We have waffles!

No psu is fine as I am really liking my HP server ones from Amazon Cheesy

Then I guess the biggest elephant in the room remaining is - time until shipping the Klondike-style option?

Chazaki

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The All-in-One Cryptocurrency Exchange

Quote from: AMT_miners on May 04, 2014, 09:52:03 PM

I'm still down with option 1 without PSU for my two 1.2's. Would also consider scrypt option depending on the details. Whatever helps you help me get my order fulfilled

AMT_miners

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NotFuzzyWarm

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Evil beware: We have waffles!

Quote from: AMT_miners on May 04, 2014, 07:01:49 PM

As unprofessional as this one is about to be, we'd like to get some opinions from the community because the majority of you seem to understand our situation to a degree.

In most cases these hypothetical options would apply to all customers as a choice. (Again we'd just like to get our client's reactions and what may seem satisfactory)

1. Receive your miner immediately - with a 1.2hash rate or maybe a bit more. Immediately being end of this week.
2. Receive a different design - which is based on individual smaller miners, not in a case per-say, but similar to a Klondike model instead. Again for the hash rate at the time of purchase.
3.Transfer to hosting - order's/miner's to hosted option with a 20% increase, electric being billed monthly or deducted from earning, which would be again be a somewhat immediate (week or so) delivery.
4. Opt in payback. For a 6 month payback program if your order is for 2 miners or less. 12 months if your order is for 3 miners or more. Receiving a check each month for the fractionated amount in suggestion or btc each month for the amount of btc you paid.
5. Receive chips + 10. ie - if your miner was a 1.2th you would receive 50 A1 chips. <- we don't expect many to choose that one and if several do then it may counter previous options.
6. Trade in for script. - If we launched sales of a 10-11k script miner with a 70m hash rate with a 7 day delivery, your orders monetary credit would be applied to that from a price point perspective. With the choice to hold that option as the price decreases in time of course.

1st, +1 to ya. To me it's the most professional thing you have presented to us here. Kudos!

As to the the Klondike reference in option-2, package(s) you mean like http://klondikeminer.com/index.php?cid=2 ? Considering I'm running an Ant s1 pharm any similar package would fit in just fine. You know the S1 design, basically 2 self supporting boards/heatsinks bolted to endplates with fans. Simple & mechanically rugged. Packs very well for shipping. Stacks well on rack shelves. Works for me.

Biggest question obviously is What would be the ship date for my equivalent 520GH or more package(s)?
The whole idea shown in the Klondike site? eg, a Raspi, router, cables, etc?

To me the idea rank best to worst is:
2
1 & 3 tied, can we be sure of the miners working?
4
5,6 (tied)

rik_khaos

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Just a regular guy who likes his fiber.

captin crunch

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Let me start by saying thank you AMT for hanging in there and trying to resolve this in a way that gets people their miners and allows yourself s to stay in business. it appears we will probably need future support for this equipment.
That said, at least 1 of your options should be acceptable to most people here, but for those of us who have been patiently waiting since Nov.-Dec. of last year while others who ordered later have gotten miners (although not in the condition they were hoping for) I wish there was something more you could offer.

option 1 or 2 would barely be acceptable as something would be better than nothing.
option 3 and 5, no thank-you. (honestly I would be a little more frustrated if you start selling hosted mining before you fulfill your backorders)
option 6 is interesting but would need to know a lot more about it. (you seem to be a little over optimistic on delivery of these machines based on your performance so far but I wish you luck)
Option 4 would be my last choice as I bet on this horse and would at least like to see it cross the finish line.

Again please see if there is anything more you could offer those of us who have been waiting more than 6 months. Even a promise of a couple exta boards kicked our way once things settle down would be acceptable to me.

Thanks for coming on and sharing your situation and trying to be a part of the community. many here do appreciate your effort.

rik_khaos

hero member

Activity: 854

Merit: 500

Just a regular guy who likes his fiber.

That is an excellent point about option three they may take the hardware in case of lawsuit.

Unless we were offered some protections against this like it was offered by another company then three becomes less viable.

I retract my wish for three

reordered best options (my opinion)
2- whats the time frame
3 -what protections do we have
1
5
4,6 tie

And with this you said that none of these are considered individual settlements and do not require that we opt out of the class action?

Because if thats the case the class action is the insurance for number 3.

Dans

newbie

Activity: 48

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It seems to me that Options 3 and 6 would require you to make some sort of additional purchase. If you have the cash for this, then why is just taking the cash not an option?

I would like to see an option "7. 60% Refund of your original Order paid immediately via BTC or Wire Transfer", i would take this option, my original purchase was >$40k

Option #3 - Does this mean you have a hosting farm set up? How can you justify building a hosting farm before shipping customer orders?

^^ Just a question, not an attack.

Quote from: AMT_miners on May 04, 2014, 07:01:49 PM

In most cases these hypothetical options would apply to all customers as a choice. (Again we'd just like to get our client's reactions and what may seem satisfactory)

1. Receive your miner immediately - with a 1.2hash rate or maybe a bit more. Immediately being end of this week.
2. Receive a different design - which is based on individual smaller miners, not in a case per-say, but similar to a Klondike model instead. Again for the hash rate at the time of purchase.
3.Transfer to hosting - order's/miner's to hosted option with a 20% increase, electric being billed monthly or deducted from earning, which would be again be a somewhat immediate (week or so) delivery.
4. Opt in payback. For a 6 month payback program if your order is for 2 miners or less. 12 months if your order is for 3 miners or more. Receiving a check each month for the fractionated amount in suggestion or btc each month for the amount of btc you paid.
5. Receive chips + 10. ie - if your miner was a 1.2th you would receive 50 A1 chips. <- we don't expect many to choose that one and if several do then it may counter previous options.
6. Trade in for script. - If we launched sales of a 10-11k script miner with a 70m hash rate with a 7 day delivery, your orders monetary credit would be applied to that from a price point perspective. With the choice to hold that option as the price decreases in time of course.

rik_khaos

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Just a regular guy who likes his fiber.

opieum2

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2. Receive a different design - which is based on individual smaller miners, not in a case per-say, but similar to a Klondike model instead. Again for the hash rate at the time of purchase.

Would be the best option for those of us with defective hardware. The DIY kits by themselves might work but most of us have defective hardware that would require replacement. Getting flawed designs immediately as number 1 option just is not workable as no one yet has a single working miner that did not have defects. If the new design is properly QA tested, it seems like it would be more viable. Could you elaborate more on what the new design consists of? And how long the wait to get it?

ladi4ever

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Quote from: knet on May 01, 2014, 09:54:01 AM

Quote from: opieum2 on April 30, 2014, 06:23:10 PM

Quote from: knet on April 30, 2014, 03:34:10 PM

AMT,

I ordered two miners from you, one on January 16, 2014 and the other on February 4, 2014. I have yet to receive either of them. After requesting a refund, you have gone completely silent, leaving me out $12,000. I've attempted the multiple email addresses I have for you, phone calls, etc without any recent responses. I have also heard from staff that you are essentially about to go out of business.

What are my options? It is not acceptable to treat business partners and generally people in this manner.

-Mark

Out of curiosity, what staff said that?

If you think I'm going to put the name of someone that actually tried to help me out on this board, then you are mistaken. Since AMT doesn't have the integrity to actual respond to my requests, then it will leave only legal action as an option. I posted on this board as a last ditch effort to try and get some information on whether the miners will actually ship or a refund is possible.

I have ordered back in Nov 11, $12K, went there and took the rigs from him which both were DOA, he said he cannot test them because the factory is closed and the office he cannot go due to people looking for him. Both rigs are defective, bad design, im looking for some one to join in to sue them for the damage and fraud!

mrpark

sr. member

Activity: 364

Merit: 250

What I've been asking for, immediate refund doesn't seem to be an option you are offering. The reverse mortgage idea (only you are lending me back my own money) is just not a good idea. Again, they could take the balance of that refund when the class action takes place. Hosting is not a good idea because you are being sued and they may take the equipment as part of the settlement. Getting the 1.2T doesn't seem like a good idea, because of all the reports of failing components and boards.

I guess my answer would be whatever would keep me from losing more money. It seems like non of the above will do that. I guess the closest thing would be the klondike, hope that is an option that can be put together soon. I guess number 1 would be an option if it is safe and stable. Not so sure about hosting, but would like to know more details on specifics, fees.

Squeeky62

newbie

Activity: 40

Merit: 0

I will take option 1. I don't need a refund but just want to get mining. My original order number was 849. Thank you for your options and suggestions. Is it possible I can get my miner soon? I know you guys have had a lot of stuff thrown your way. Please let me know if I can get my miner soon via this forum.

Thank you AMT!