Topic: New Official AMT Thread - page 121. (Read 149472 times)

If you actually ship the miners by the end of the week I'll take option 1. Also please keep in mind packaging for the shipping!

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. Also most of the current thread members have stuck in there, and we know that others which supported us once are most likely still watching, just to see what happens in end. We believe the majority of you knew we had everyone's best interest at heart and never meant for things to go this far south. You've also seen the many curve balls that have been thrown our way and can understand where were at. Others just think we're FOS and want to sue. Either way, it is what it is.  

As transparent as we'd like to be and scream to the world as to why some work and some don't its not the legal moment for that, but it will come in due time. It's not Bitmine's fault if that's anyone's thought btw. We still love those swiss bastards despite their lack of support due to their shit storm. Below are some options we're thinking about offering and above all we are trying to keep it as uncomplicated and as simple as possible. Some of them help us stay in business (like transferring to hosting) others take us quickly out of business, like immediate refunds. In the end we'll choose what seems most viable and whats best for the group. Some of you have helped our company find the answers to problems we didn't see by reading your posts, others have contributed great ideas and advice that made the drawing board/game plan but that were never implement due to the simple factor of too much to accomplish with not enough people and the strategic curve ball or protagonist popping up each week. Some of the members have harassed us, bullied us and tainted our name on google to the point where if you search our company all you'll find is "Scam this and Bitcoin that". Others have spent hours on the phone with us  consulting us and discussing the situation to the point where clear logical objectives became apparent, while others drank with us in person, picked up their miners and helped even further there after knowing where we are at, despite the fact they may have lost. These characteristics of some of these community members counter the loathed trolls that still bother us to this day. All in all, we value you're opinions, and appreciate those of you which have stuck in this with us this far, and please know it won't be forgotten.  It is because of those individuals that we wont declare bankruptcy to get out of a lawsuit, that we'll fight to stay in this and that we'll continue to do our best to triumph in the end.

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.

Yes the above options are not glamorous, and it wont end in a settlement for 3-4 times your original investment as expected, but neither will the suit which is why we push those negative individuals towards it anyway, because you cant get blood from a stone no matter how hard you hit it. But these are feasible realistic options based on our current fiscal situation, on the market's conditions and on the connections we've made along the way which are willing to help us pull through and stick around, because they too still know what we're capable of if we can get our heads above water. And if we're all fucked anyway due to market conditions and current pricing based on consumer demand, than strategic partnerships encompassing something similar to Nash's game theory, may be the only means of mutual success, and we'll just have to create new markets.

The point is he hasn't for a while which...but yea +1 if sirminesalot has something to add of value then sure. Im not looking to be a hero. Just looking to get results. And they are starting to happen. Useless discussion is not needed especially from people who have nothing invested in this but insults. He could not even reason it back and justify himself. Hence validating my comments. IF that's all his got then he has more than proven my point.

+1

if you had read and listened amt are sorting out refund/mpp/upgrades for all exsisting customers. and what money they had taken (being pre orders) was spent on hardware for orders just not on psus as they "were out of stock" as things stand i see amt having maybe 2-3 customers worth of refunds in holdings not much more. the rest will be in h/w. they offer 1 refund out everyone wants one and the money drys up. then where are we. square one."wheres my refund" whinge whine blah blah blah! i know where the ignore button is and i would use it but as loshia has proven in some other threads he gave a gem of info which i was happy to have read and if ignored i would of missed it. much like yourself one day i could need your help some how.

lets all stay calm and see how amt play this one out. no moaning "refund" or "rma" as they have already posted to hang tight theyr working on plans. give them the time and space to post. and when they do, dont do what your going to do right now and bark like a common dog till they run and hide again!

So now I'm down to one working card. It seems that a chip decided to fry in my sleep the copper heat sink was hanging by the edge of the thermal tape and there is a very obvious burn on the tape.

As you can imagine I'm not too pleased. This was running in regular more with additional fans I purchased to aid in cooling.

From what AMT has revealed over the last day or so it appears they were aware of some manufacturing issues yet still sent out miners. That is quite distressing.

I was going to try to sit quietly, keeping an open mind and an even tone, but really this is too much.

I'm quite upset about these reasons

• It show how shoddily the product was made
• they knowingly sent out products that were not properly built
• the hardware doesn't work more than a few days without shitting out, making it a defective piece of shit, even when the boards do run. 
• It poses a safety risk to my self and my family

So I'd really appreciate a response from AMT about how they are going about their refund process. As soon as possible. If anyone happens to know the name of AMTs lawyer I'd be happy to give them a call and ask any questions they'd be willing to answer.

I'd advise anyone running their hardware to be extra vigilant.

AMT-
It has been two months since my expected delivery date. My 2, 1.2th miners still haven't come. I could get 4th of power delivered to me today for the same price I spent on your 2. When will I receive my miners, and will the MPP actually happen?

I 2nd the motion to never pre-order.

That said, random hardware thought regarding the mess over the A1, BFL's new chip, Hashfast's Golden Nonce and the others...

In all the forum bits I read on them nowhere is it mentioned that test or engineering sample chips were expressly produced. It is all "We finally have chips! Now we have to make them work..." Ehem, Why?

It is common practice to produce several design verification /engineering sample chips as part of another high volume chips wafer. When needed it is childsplay to set aside the needed area on the wafers and slip in the needed mask. The only reason not to do that is that yes it does 'cost extra' coupled with utter blind faith in the chip as 1st-designed. The ASICS being a stacked chip is irrelevant, just means more work (cost).

I take it that did not happen. If Bitmine/Innosilicon, BFL and others had even made a couple dozen chips to play with and see what they really have before taking orders the mining world would be a much happier place...

I do hope that the miner industry has learned from all this (though this is BFL's 2nd go at it and same results as their 65nm chip)

He's got a point sirminesalot. Not that I'd stop you from talking. Hell I don't don't even have the stupid obvious trolls on ignore.

But you're not really adding anything of value. If you have something constructive to share  by all means I'd love to hear it though.

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.

You need to go away too. You are not contributing anything but bitching at this point and you are not even a customer. We are all working things out with them and they already know the consequences....you are starting to sing the same tired song and have been for a while now. Let the people who are customers and have an invested interest work things out with them and you can go and troll another thread. Bitch on the users thread. Thats what its for. We want to encourage more communication from AMT on this thread. Your comments don't help here.

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.

I also would also accept equivalent Antminers/refund instead of waiting even longer. It's been half a year already and I think it would the only fair thing to do.

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.

are the 500Gh/s miners working as advertised?

It's probably how they quoted you the prices that they did. Someone is always trying to cut corners and make a quick buck, this is just an industry where it becomes really obvious very quickly. Glad you're getting that all sorted out.

+2 fer ya then!
Newark/Farnell and RS electronics are 2 others I sorcee from.
Night all.

Yes we're well aware of that now. The components and the boards for the entire local (here in philly) production of the swiss design was ordered by the local (here in philly) SMD facility. Now we're doing it ourselves from digi, mouser and arrow.