Topic: New Official AMT Thread - page 126. (Read 149472 times)

The shining light in this advice is that with all the new investment money coming into bitcoin development and products around bitcoin, 2. is a very likely scenario. 100s of millions of dollars are being poured into bitcoin related products. Mining, ATMs, payment systems, POS systems (point of sale not piece of shit), exchanges. So there is alot of money floating. Plus its gotten a bit more legitimacy being on bloombergs tickers as well. So its a likely scenario its going to pick up in price again despite the current plateau its hit.

So essentially you are spreading a rumor that they are going out of business....because there is nothing else to substantiate it. That being said it does not mean it isnt true, but it would be good to know as A: you have not gotten anything and if they are going out of business, that is not good for you and your 12k (which is partially my issue with a busted 6k brick). So not sure how they are "helping" you. I too get replies. I have been trying to be a voice of reason on the forum discarding the crap and focusing on the facts and what really needs to be done. But at the same time its on us to protect ourselves financially as well.

Here is how to get your ROI if you can only afford a small miner right now.

1) buy whatever hardware ware you can afford, even its a small miner.
2) save the bitcoins you mine, and hope the price goes up in 1-10 years.

I know it may sound stupid, but that's all I got for you as far as ROI goes.

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As I said ... you will not get ROI on any  SHA256 miner.   
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+1

That depends on your assumptions.

If you assume non-stop 20% difficulty increases and that BTC prices are stuck at 450, then you are 100% correct.

If you assume 10% difficulty increases and BTC prices of 500, you can ROI on the Spondoolies (at least at the GB price, which expires today) and probably the S2 and Dragons as well.

However, difficulty seems to be at a plateau (next estimated difficulty jump is only a little over 9%), which makes sense.  Especially when you consider that we appear to be hitting a hard stop on Gh/watt per dollar.  E.g., the hashrate increases that are coming online now in 20nm and 28nm chips cannot be improved on much as those chips turned out to be very difficult to make because of heat issues.  Absent a new technology or groundbreaking solution to heat dissipation, there probably won't be a 15 or 10nm process.  If I am right about that, then what you should see is 20 and 28nm products replacing less efficient ones, and upping the hashrate, but long term that should be a more linear growth rather than the constant near exponential growth of hash rate that you saw when BTC moved from GPU -> FPGA -> 60nm -> 28nm

As far as BTC price, who can say.  I run my numbers at 500 worst case and 700 best case.  I believe the current drop to below 500 is going to be short lived and is the result of a number of items of bad news that all hit at once (mt gox, chinese government decision, shutdown of silk road last year and maybe also amazon's announcement that they would not move to BTC).  Also in my consideration here is that BTC price is determined in part by miner orders which for many miners must be placed in BTC.  When lots high end new miners hit the market, esp on pre-orders, that creates demand for coin and pushes prices up... when miners are shipped prices go back down.  I believe the 20-28nm process miners coming out will be generating a lot more sales as folks replace miners that can no longer operate property.  I could be wrong of course, but I think 500 as a low end long term (1 year out) is reasonable.  

thats not football. thats some gay touch and pass wear pads rugby. lmao

Who am I to argue?

+1 That is pretty much my take on it as well.
It seems that Bitmine/AMT took their business planning lessons from the underpants gnomes...
Phase 1: Collect Underpants (or make mining ASIC chips)
Phase 2: ?
Phase 3: Profit

As I said ... you will not get ROI on any  SHA256 miner.   

Thanks for the inside information. 

The Dragon system boards appear to be available on Alibaba. 

We just need to get these boards and have the A1 chips on them.

This option or have technobit do it for you.   

Right this makes sense......and this thread really got derailed a long time ago. Could talk about unicorns rainbows and football in here would not likely change much at this point.

My question was about ROI on sha256.....does this apply to ALL sha256 coins or just referring to bitcoin. Yes I know with scrypt its different. But My question is specific to sha256....scrypt is not an answer.

Not to derail this thread any further, but.. no.  Scrypt ASICs only do scrypt - not SHA256.  The currently most popular 'Scrypt ASIC' (the Gridchip GC3355) is actually a combined Scrypt/SHA256 chip that can do both - and some products have been made that will do both - but the SHA256 side has pretty bad performance, so pretty much anyone who has a miner with those chips has them set to scrypt-only mode (which is a bit faster with the SHA256 side disabled).  The DualMiner USB 2 is even configured out of the box to do only Scrypt.

scrypt aisics will do both

Exactly the problem is not with the A1 chip its with the boards designed to run it.

Innosilicon had an agreement with bitmine that bitmine would have exclusive rights for 6 months, either outside of China or globally I don't know the ins and outs, but bitmine dropped the ball on getting their product to market in time because they had the worst designed circuitboards and poorly chosen components and basically didn't know what the hell they were doing. I think AMT also suffered because of this as they were using bitmine designs manufactured in the US.

As the deadline drew close for the exclusivity period to end the Chinese companies like Dragon started producing their own boards, but much better boards because they know what the hell they are doing of course, from what I understand they even helped bitmine by providing them with design and component reccomendations to fix the bitmine board problems. But it was too late. The deadline expired and before bitmine or AMT could even start to look at getting stuff out the door the Chinese started production. Game over.

In the mean time Technobit in Europe managed to produce circuitboards, albeit with less A1 chips on them, that worked in smaller application (up to 240MH) without issue.

Thats my take on whats happened from what I have seen and heard from various sources.

+1

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.  

ok i will go there
im really sorry

AMT,
      If you are still reading this, I would be open to receiving a partial refund offer from you and then considering the story closed. I have purchased 2 of your 1.2 TH miners +tax + expedited shipping, and paid via wire transfer. Let me know what your refund offer may be. There may be others in this forum who may go for that option as well but I cannot speak with them.

Go to the root of this Forum and browse from there.
This is waaaayyyyy the wrong place to start.