Pages:
Author

Topic: New Official AMT Thread - page 71. (Read 149472 times)

sr. member
Activity: 392
Merit: 250
June 04, 2014, 07:16:50 PM
Why delete my post and leave his?

Because he is a client that tries to help resolve the issue and further the business if possible, he understands the situation and while taking an unbiased standpoint even he looks at the facts.

The problem is that most of your clients are not privy to the facts so sadly we can not judge the situation on them. Instead if anyone posts an opinion contrary to your personal bias they comment is deleted, or at least the perception for my point of view. Perhaps that is not how you mean to come across.

I'd love to help you, had even offered via e-mail to help on the customer service end as I was a retail manager for two years, in which I helped turn around a failing store. There was no response.

All I want if for this all to be over and if I had a magic wand to fix all the issues I'd lend it to you.

They even deleted a post of me saying we should not be biased or bigoted. I'll gladly share my deleted posts with anyone who wishes as this thread is being manicured to present a false narrative surrounding the entire reality of the situation.

If you'd care to send an NDA we'd be glad to hear what's really going on. Its all that most of us wanted to hear in the first place.

We'd like to put it out in the open, and it will in due time. We are not con-men, or a scam. Even our manufacturer's CEO (who must have some damn free time to spend) has gotten on this forum to try and prevent the inevitable. It was just an instance where several things happened in the wrong way in a continuous order. There is no one to blame other than ourselves and our choices which we have made until this point. We remove comments based on the content in those comments. Like employee names or customer opinions that may seem like spam, or opinions of those that have just tried to bring us down from day one like phineaus or sirminesalot (who most likely does not mine alot btw) for example.

All in all, if our clientele were smart, they'd try and help us succeed so we could generate new income, deliver promptly and take actions necessary to keep them at a level which is equal to or above satisfaction. Every comment with a negative context about AMT results in the possible lack of sale, or the inevitable closure of business due to mistakes made on both sides, on ours and our clients side as well. We have never been politically correct from a corporate standpoint, but it was also that aspect which attracted some of our clients to begin with. "who cares if they are assholes, they get the job done and I got my miner and it mines" which was said about us after delivering the bitfury miners when we started.

Yes we may have disorganized management. And we may have trusted the wrong people, or manufacturers or even consultants which led us down this path today. But it was our fault to do so.  And all in all, there isn't much we can do it about it now, so when your backed up in a corner by everyone around you, one either fight them off one by one until your out of the corner, or you collapse and take the beating and wallow in it for years to come. Which do you think we're going to do based on what you know about us.

And even when its out in the open, and everyone's knows exactly what happened which to an extent has been posted on this forum already we believe, by an eve's dropper of sorts in our office, those which were greedy from the start would never be satisfied anyway. So either we work to build our business to rectify all of our clients, or we give up and go bankrupt and then you'll all fee the same way hashfast's clients feel now. Or we'll be put in prison for fraud even though its clear that we partnered with a swiss company, who made a chip, who was late, and we hired subcontracted manufacturer who has admitted faults in their production and when we still sought alternative options for clients and were silenced by plaintiff's counsel for fear of loosing everything all together when trying to provide those options to customers. How is that going to impact plaintiff's counsel? And now, we can either deliver your original orders, or settle, or fight or give up.

There have been other characters (very few) in this industry that have been through the exact same thing even and even after it was done and finished and there were no legal obligations of repayment, they still made sure people were paid back or at least satisfied to some extent. Anyone remember Basic?

But its hard to do that when your name is ruined on google, and its even harder when some of your clients have nothing better to do then sit on a forum waiting for an outcome which can only result in their further dissatisfaction. Like the people that go to a casino to loose, just to feel the rush. And when a hillbilly extortionist from Illinois still on a day to day basis makes sure things are optimized so carefully because hes being paid by a competitor.  

Think about it logically and put yourselves in our position and ask yourselves what you do. After you've already lost the race, would you give up and choose to not stay in an skeptical market which sells a machine that produces an electronic algorythm which doesn't exist and has no value other than that of which its given by the community around it. Think about it, and then ask us again why we need to delete posts and what our intentions are going forward.


legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
June 04, 2014, 07:10:55 PM
Why delete my post and leave his?

Because he is a client that tries to help resolve the issue and further the business if possible, he understands the situation and while taking an unbiased standpoint even he looks at the facts.

The problem is that most of your clients are not privy to the facts so sadly we can not judge the situation on them. Instead if anyone posts an opinion contrary to your personal bias the comment is deleted, or at least the perception for my point of view. Perhaps that is not how you mean to come across.

I'd love to help you, had even offered via e-mail to help on the customer service end as I was a retail manager for two years, in which I helped turn around a failing store. There was no response.

All I want if for this all to be over and if I had a magic wand to fix all the issues I'd lend it to you.

They even deleted a post of me saying we should not be biased or bigoted. I'll gladly share my deleted posts with anyone who wishes as this thread is being manicured to present a false narrative surrounding the entire reality of the situation.

If you'd care to send an NDA we'd be glad to hear what's really going on. Its all that most of us wanted to hear in the first place.
"Privy to the facts"... ROFL!

Hardly. All that those of us here working with AMT have is technical data and even getting that is like pulling teeth.

A few bits here and there about other things, NOTHING about business operations nor plans to address this mess. Which is as it should be. I for one do not want to know their inner-workings as it would raise serious legal implications for me. Noooo thank you!
hero member
Activity: 854
Merit: 500
Just a regular guy who likes his fiber.
June 04, 2014, 07:05:10 PM
I think a fun field trip would be to go watch the court proceedings. If it gets there before a settlement is reached.


We should find out from the lawyers when it is. 
hero member
Activity: 854
Merit: 500
Just a regular guy who likes his fiber.
June 04, 2014, 06:25:35 PM
Why delete my post and leave his?

Because he is a client that tries to help resolve the issue and further the business if possible, he understands the situation and while taking an unbiased standpoint even he looks at the facts.

The problem is that most of your clients are not privy to the facts so sadly we can not judge the situation on them. Instead if anyone posts an opinion contrary to your personal bias the comment is deleted, or at least the perception for my point of view. Perhaps that is not how you mean to come across.

I'd love to help you, had even offered via e-mail to help on the customer service end as I was a retail manager for two years, in which I helped turn around a failing store. There was no response.

All I want if for this all to be over and if I had a magic wand to fix all the issues I'd lend it to you.

They even deleted a post of me saying we should not be biased or bigoted. I'll gladly share my deleted posts with anyone who wishes as this thread is being manicured to present a false narrative surrounding the entire reality of the situation.

If you'd care to send an NDA we'd be glad to hear what's really going on. Its all that most of us wanted to hear in the first place.
sr. member
Activity: 392
Merit: 250
June 04, 2014, 06:17:52 PM
AMT_Miners,

I'll tell you what, I'll drop my smack talk if you give me your 2.4TH/s miner; in exchange for this junky miner you gave me.

When do you want me to come down, and exchange?


~Casey

Casey,

Legally we are not allowed to discuss your order, your orders status, or consolidation of your order on an open forum. Please email [email protected] and the situation may be discussed.

Thank you.
sr. member
Activity: 392
Merit: 250
June 04, 2014, 06:15:49 PM
sr. member
Activity: 392
Merit: 250
June 04, 2014, 06:10:59 PM
Why delete my post and leave his?

Because he is a client that tries to help resolve the issue and further the business if possible, he understands the situation and while taking an unbiased standpoint even he looks at the facts.
hero member
Activity: 532
Merit: 500
June 04, 2014, 05:29:13 PM
I was making a general point.  Anyone of any groups could be dirty...
sr. member
Activity: 392
Merit: 250
June 04, 2014, 02:07:19 PM
Completely agree with the above statement.
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
June 03, 2014, 07:25:55 PM
Well then, should buyers also sue Bitmine?  Should we demand from Bitmine working units because their 'authorized reseller' has not delivered working units?

Worth a try.  Send them an email demanding that working boards be sent.
I've said all along that if legal action is taken Bitmine.ch should be a part of it. All the rights & wrongs of the pre-order model aside it was the delays in Bitmine's A1 chip production itself not to mention Bitmine's wildly over optomistic production/delivery projections that upset the apple cart so badly. They set the stage for what was to follow for all players involved. AMT included.

From what little I've seen of the timeline from announcement/taking pre-orders for A1 systems from Bitmine much less AMT even if everything went 100% right with the A1's conception and birth process there is no way anyone could move a new design through GF fast enough to hit those targets. Get 1st spin chips made - yes. Characterize what was given birth to much less come up with an at least workable 8-chip board as well? Much less an entire system done right to deal with the unexpected power/thermal issues? Then source all the parts (that you just now determined the values of)? Say oh, high kw PSU's - that's gonna put a huge dent in the world's supply chain for a bit... So in short, anintagonna happen.

Bitmine *may* have had a very basic board designed to run it but it could have hardly been ready to take what the A1 would really put it through.

C'mon folks, how many times we gotta say read the A1 dev thread to know the timelines! https://bitcointalksearch.org/topic/closed-bitmine-coincraft-a1-28nm-chip-distribution-diy-support-294235

It does not excuse what has happened but at least it gives a picture of just how screwed up the promised sales/delivery dates were. Date primarily set by Bitmine.ch. Not like AMT or other Authorized Distributors are gonna have miners before them.
sr. member
Activity: 364
Merit: 250
June 03, 2014, 12:45:02 PM
based on Bitmine.ch blogpost it looks like they are sending refunds to customers. How is it that AMT can be an authorized reseller of bitmine, yet AMT shunned it's customers when it came to refunds? 
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
June 03, 2014, 12:28:24 PM
AMT_Miners,

I'll tell you what, I'll drop my smack talk if you give me your 2.4TH/s miner; in exchange for this junky miner you gave me.

When do you want me to come down, and exchange?

~Casey
Once the legal proceedings started there is NOTHING that can or will be done outside of the courts permission. That specifically covers individual agreed settlements between AMT and its customers unless it is the result of a different suit. All we can do is wait until either a settlement or verdict comes down. Welcome to the world of class-actions.

I am pretty sure the 2.4Th/s are going to have the same problems with overheating, not enough copper, bad components, rebooting etc..

There is no evidence that these even exist despite the claim by AMT to have 42 of them available in stock and ready to ship.

Matter of fact,  Bitmine is still prototyping the 2.4 TH/s system.  So how is it possible that AMT has a product that came out at least a month prior to Bitmine's announcement?

AMT's manufacturer IMET had stopped shipping them product since March when AMT sent a bounced check.   In fact AMT wasn't even aware until yesterday that IMET had in fact working products of the design!


I don't see how these would work. The 1.2T (Really 1T miner) takes 1500W! so a 2.4T would have to take 3000W! I don't see how they could accomplish this, 2 power supplies would be a messy solution although I've done it before...

Well Bitmine has a 2.4 TH/s product.  However it is a totall new design:

http://bitmine.ch/coincraft-rig-updates-now-production/
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
June 03, 2014, 12:18:34 PM
AMT_Miners,

I'll tell you what, I'll drop my smack talk if you give me your 2.4TH/s miner; in exchange for this junky miner you gave me.

When do you want me to come down, and exchange?

~Casey
Once the legal proceedings started there is NOTHING that can or will be done outside of the courts permission. That specifically covers individual agreed settlements between AMT and its customers unless it is the result of a different suit. All we can do is wait until either a settlement or verdict comes down. Welcome to the world of class-actions.

I am pretty sure the 2.4Th/s are going to have the same problems with overheating, not enough copper, bad components, rebooting etc..

There is no evidence that these even exist despite the claim by AMT to have 42 of them available in stock and ready to ship.

Matter of fact,  Bitmine is still prototyping the 2.4 TH/s system.  So how is it possible that AMT has a product that came out at least a month prior to Bitmine's announcement?

AMT's manufacturer IMET had stopped shipping them product since March when AMT sent a bounced check.   In fact AMT wasn't even aware until yesterday that IMET had in fact working products of the design!
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
June 03, 2014, 12:15:14 PM
AMT_Miners,

I'll tell you what, I'll drop my smack talk if you give me your 2.4TH/s miner; in exchange for this junky miner you gave me.

When do you want me to come down, and exchange?

~Casey
Once the legal proceedings started there is NOTHING that can or will be done outside of the courts permission. That specifically covers individual agreed settlements between AMT and its customers unless it is the result of a different suit. All we can do is wait until either a settlement or verdict comes down. Welcome to the world of class-actions.

Are you certain about your statement?

AMT as a business can continue to operate.  Unless there indeed is a freeze of their assets (which I have not heard of).  

If your statement is indeed true,  I would think that AMT should inform the entire customer base that they aren't allowed to operate.  
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
June 03, 2014, 11:55:28 AM
AMT_Miners,

I'll tell you what, I'll drop my smack talk if you give me your 2.4TH/s miner; in exchange for this junky miner you gave me.

When do you want me to come down, and exchange?

~Casey
Once the legal proceedings started there is NOTHING that can or will be done outside of the courts permission. That specifically covers individual agreed settlements between AMT and its customers unless it is the result of a different suit. All we can do is wait until either a settlement or verdict comes down. Welcome to the world of class-actions.
member
Activity: 105
Merit: 10
June 03, 2014, 11:08:54 AM
AMT_Miners,

I'll tell you what, I'll drop my smack talk if you give me your 2.4TH/s miner; in exchange for this junky miner you gave me.

When do you want me to come down, and exchange?


~Casey
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
June 03, 2014, 09:32:28 AM
Again, we apologies but we can't discuss those things on a public forum. Please keep the conversation to more technical approach about future products or solving issues with current ones.
Ok, considering as per last published the A1 has a max current of 20a per chip, if you want to save real estate and a bit of over all cost look at these from Intersil for Vcore regulators http://www.intersil.com/content/dam/Intersil/documents/isl8/isl8240m.pdf

Combines the regulator chip, mosfets, diodes, & buck inductor all into one 17x17mm chip. 4 can power an 8 chip A1 board either feeding each chip individually or feeding 4 pairs of A1's.

Straightforward & simple 2 resistor voltage programing - no dpot/tpot i2c coms needed & much much more. Combine with a TLam pcb and you can have one very hash-dense lil' power block...

btw: That is one excellently done data sheet. Everything spelled out. Wonder how much stuff like that was followed on the older boards...

Techy enough?

reserved for future consideration.

Question though,  what is the i2c coms for?  I thought A1 communicated via SPI?
The A1 uses SPI for on-board hashing data coms, the system uses i2c for initialization of settings and possibly more. Just got some of the design info so have not looked into it yet fully. Opium should know since it has to be programmed...

So there is both an I2C and SPI interface into the board from the Rhaspberry Pi?   The I2C is for stuff like voltage and clock speed?   Is the I2C interface part of the reference board design for the A1?

Man, I wish there was a high density open source solution for this.  That way we don't need to rely on these crappy vendors.   

legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
June 03, 2014, 09:11:45 AM
Again, we apologies but we can't discuss those things on a public forum. Please keep the conversation to more technical approach about future products or solving issues with current ones.
Ok, considering as per last published the A1 has a max current of 20a per chip, if you want to save real estate and a bit of over all cost look at these from Intersil for Vcore regulators http://www.intersil.com/content/dam/Intersil/documents/isl8/isl8240m.pdf

Combines the regulator chip, mosfets, diodes, & buck inductor all into one 17x17mm chip. 4 can power an 8 chip A1 board either feeding each chip individually or feeding 4 pairs of A1's.

Straightforward & simple 2 resistor voltage programing - no dpot/tpot i2c coms needed & much much more. Combine with a TLam pcb and you can have one very hash-dense lil' power block...

btw: That is one excellently done data sheet. Everything spelled out. Wonder how much stuff like that was followed on the older boards...

Techy enough?

reserved for future consideration.

Question though,  what is the i2c coms for?  I thought A1 communicated via SPI?
The A1 uses SPI for on-board hashing data coms, the system uses i2c for initialization of settings and possibly more. Just got some of the design info so have not looked into it yet fully. Opium should know since it has to be programmed...
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
June 03, 2014, 08:14:00 AM
legendary
Activity: 1764
Merit: 1756
Verified Bernie Bro - Feel The Bern!
June 03, 2014, 07:11:27 AM


How much of the $825,000 does AMT have left?  Why did you not use this money to refund customers who requested a refund?  You know you were massively delayed by flawed manufacturing,  why did you not refund customers?  Why are you holding customers money hostage to make sure you can finally get your manufacturing corrected?

The only real logical conclusion is they under capitalized the business and as such probably used the lions share of any pre-order money on start up and daily operating costs.  Using any "left over" money for refunds likely would have killed the business altogether (read: left them cashless with massive liabilities and no way to pay them..) and left them no new way to generate "profit" which they need to have in order to start making restitution. 

This is the problem companies run into when they spend the "profit" before they have made any...  Now the only option they have is to try and stay in business to make "new" profits to pay back the old profit they spent but didn't actually fucking earn.  They're behind the 8 ball in a big way now and are scrambling and grasping at straws.  They are bleeding cash like a stuck pig at this point, no new revenue is coming in and liabilities are piling up  by the day.  It's hard to see how anything less than an infusion of NEW and ACTUAL capital will right the SS Minnow at this point.

I really don't know any of the technical product stuff but from a strictly business POV it is hard to see how a company like AMT can turn this around.  Honest to goodness companies with real business skills (which AMT doesn't appear to have) fail EVERYDAY.  AMT has shown at every opportunity that they are completely incompetent and I believe there is approximately a 0% chance they have the skill and mind set to turn this around.

All they are doing is delaying the inevitable and making things worse for themselves.  The writing is on the wall and one way or another sooner or later the AMT ship is sunk.  If they were smart business men the only thing they would be doing is figuring out where they can get cash (read: selling personal assets) to pay back their initial investomers.  Until this is done, using a single nickel on the "new" business model is tantamount to fraud.  If they somehow managed to pay back everyone then and only then would it be time for them to invest more of their own fucking money to produce a stock product to sell in the future.  That way they are the ones taking the risk and the company can pay them back when and if it ever can and not the fucking customers...
Pages:
Jump to: