Topic: Official Thread: AMT - page 136. (Read 678353 times)

^^ Admirable goal and words which will be very nice - if they actually do it. Also, ROI based on how long? 6mo? 1 year? 10? "No longer profitable" as defined how? Financially and possibly legally, a rather dangerous corner they painted themselves into there. with such an open-ended promise.

Now that BM.ch has rev-3 A1 units 'shipping in 2 weeks, April 2' (from their March 16th post) if BMch actually does ship then AMT will have no excuse left... Will be an intersting next couple weeks I guess.

http://advancedminers.com/miner-protection-plan/

We want our clientele to prosper.

AMT knows that the SHA-256 coin mining space is somewhat volatile and coin miners can be somewhat concerned with hardware purchases these days. That’s why we guarantee enough hashing power to meet ROI and then some, when mining SHA-256 coin. If the networks increases to a point where your investment in our technology is no longer profitable, AMT will upgrade your Miner to the next level Miner absolutely free. We want our clientele to succeed and prosper together with.

Miner protection is automatically applied to all purchases from AMT and is valid from the date 09/26/2013. Although in the future, we may add this as an additional paid option during the purchase process. Purchases prior to this update are covered under the Miner protection plan automatically.

How it works:

AMT will receive your order, if the networks hash rate increases to the point where your miner can no longer meet ROI we will upgrade your miner to the next level of AMT miners.

Example:

If you purchase an AMT Steadfast 80ghs and the network hash rate increases to the point where your mining cannot meet ROI from the suggested shipment date for a six month time period, while mining SHA-256 coin, we will ship you a AMT 220ghs absolutely free.

It’s that simple.

Although, there maybe some clientele who would like to mine other SHA-256 coin because other SHA-256 coins are actually more profitable than Bitcoin in the moment. Those clients can opt to receive their miner as planned. If the networks increases to the point where the buyer cannot meet ROI, we will allow the buyer to decide if he/she would like to participate in the AMT miner protection program prior to their miner being shipped. When the buyer’s miner is ready to be shipped, we will give that buyer the option of shipping the original miner which they purchased, or to upgrade to the next AMT miner which will allow them to meet ROI and more. Although, the buyer will have to wait until that unit/model/miner is available for shipment of course. We will contact each buyer either by telephone or email with this option at the time of shipment.

If the network increases so much that the next level miner also can’t meet ROI, the product upgrade will continue to the next AMT product which is profitable. Therefore, no matter what happens, our clientele will be left a ROI either way. Plain and simple. We want our clientele to know that AMT cares about it’s clientele and AMT is a brand that consumers can rely on and trust.

ROI is defined as “a return on investment”.

Loking at BitMine's neww lineup, would be nice if my 520 system that AMT was strictly a reseller of, not a builder - gets upgraded to the 600GH BMch replaced that model with...
One can always dream...

Notice BitMine.ch's splash page? One of the rotators is for "compensation' system... As in for late deliveries? oes that apply to reseller customers as well?
Inquiring minds want to know...

gotta pay for all them slower than expected chips...

They are asking $8,500 for a system with ONLY 40 A1 chips:


Too expensive!

Here is the board design:  



10 A1 chips per board.

Plese DO! I'd be a blessing to see if these mythical beasties exist and perform well. Chip cound is right, 40 chips @a comfortable 30GH eah = 1.2TH. Kept in eco-mode, 1TH in the nose. fits perfect with as-reported in the dev thread.

What the... appears to be a firm with its own design for coincraft a1 miners.... based in Alexandria, Virginia.

I'll need to pay them a visit!

Anyway, this is what they say:

"here is a 14 day processing/build time on for this item. As soon as the system is ready it will be shipped to you either via DHL or FedEx Express shipping 3-4 day service. If the system is ready sooner then we will get it to you as soon as possible. BE SURE to understand this process and be okay with waiting currently 14 days+shipping time to get this miner."

@AMT_Miners:  Hey AMT any progress update??

In that Dragon thread ^^ mention is made of Innosilicon having rights to also sell BitMine.ch's A1 chip. Now, unless one company is part ot the other - bull. We deal with Asian semiconductor design/production/packaging companies and that kind of agreement is unheard of - Asia or anywhere else in the world.

These folks claim to be selling TH unis as well. http://ntekcomputers.com/products/1ths-asic-bitcoin-miner-1000gh

Link?

As for BitMine.ch's own rigs using the chip: http://bitmine.ch/?p=5404
"delivery expected 2-3 weeks' and that's for their own dog food...

There*is* hope they will take care of their resellers/OEM's and in turn take care of us. Question is - when & how? Do what BFL is doing and offer a Free Imperial with your original order AND a free 600GH card as well by years end?
Highly doubt it... Frankly if I don't get my lil'520 I wants some Ant's as compensation instead.

and bet they are running in either low speed or very minimally OC'd to get units out the door. Means a lot of chips vs what was expected. Might hefty dual PSU's as well.
Last I saw, yesterday the Dragon is 'sold out' and now call-for sales.

Tons of vendors selling 1T Dragons and the like. They're all using A1 chips from Innosilicon.

Have you read the dev thread? I doubt it. https://bitcointalk.org/index.php?topic=294235.380

Page 20, Feb. 18 by the way... is when tester/reviewer folks JUST got the chips up and going to any extent. Those lucky soles had received first runs around mid-late Dec. 2013. Continue reading from there.
Original promised Turbo speed per chip: 40GH/s
Now lowered to 33. On a good day. When the moon is just right...
Power usabe at 25GH/s, eccellent at 0.65W/GH/s. in turbo mode... over 1.5w.
The list goes on.

Technobit appears to have a board that's stable.

Bitmine seems to be shipping sub 800 GHs that seem okay.

I don't think AMT has the requisite talent to get things right. 

The problem appears to be the power supply.

What Chinese vendor are you talking about here?

The chips are fine. There are plenty of Chinese vendors with enough skill to build working boards for the exact same chips that Bitmine/AMT are unable to develop. The problem isn't the chips.

As I said above - AMT has royally blown this in their actions and business'Plan'. If like they claim are people 'experienced' in this kind of business then as soon as the delay from BitMine.ch started they in turn should have started a back-up plan - like STOP selling systems. Since the mining community was more than willing to pay in advance, then just take a deposit - not the full amount - with the clear statement of these being not-yet in production. Having those advance orders with a deposit would have given investors/banks a nice warm fuzzy feeling to provide working capital until things get moving right. Gotta say it does not look like they or other companies did. They just saw $$$ in their eyes and prayed.

As it is, if the pictures are to be believed, AMT & others are now sitting on a mess'o under-performing chips with not even a decent reference design board to use with them... Betcha BM.ch made them and the other companies pay up-front like we did... Can you say screwed, blued, & tattoo'd?

I am inclined to believe AMT is legit.

Quote

I do as well and unfortunately for them, they are as much caught in the problems BitMine's A1 chip has as we are. Actually. more so simply because while individually we buyers are currently out xxxx$, look at their position - they have scores of customers that they are obligated to. EACH who have paid them said monies. Aside from hiding & cowering in a corner like a puppy that got caught peeing on the floor AND shitting a brick in panic (making things worse):

A. From day-1 of the chips actually getting into the hands of people to test in the real world - eg, actually connected to hardware - AMT should have at least pointed people to the A1 dev thread. All the chips trials and tribulations are there to be read.

B. They damn well had better be holding BitMine.ch's feet to the fire to do something to make this right with customers. If v1 of the chip is really destined to be an albatross then it is up to BitMine.ch to perhaps setup a program to give Antminers of equal or better total hashing speed.

In the end I lay this all at the feet of BitMine.ch. They are the ones who blew it. The chips were late - fine. But these were not pre-production test sample chips sent to a very limited # of testers/build companies to be used to find if they actual work right in the Real World. BM.ch hideously oversold the chip to companies and a lot like AMT & others jumped in head first. And hit a rock...

These seem to me to be pre-production quality chips that were expected to work like the computer sims say they should. Well, as their IP design company Innosilicon and BitMine.ch themselves should know better! I have never ever once heard of a complex chip right enough to be a salable item from the very first spin. At least BitMine.ch is getting the same 'roid rage from their own miner rig customers!

Again, I am NOT defending AMT as a business. I *do* understand the mess they and other companies are in over this but: They need to TALK! Heck, at least for smaller miners AMT is a reseller - not builder. Soooo. Get some Ants to give those will take them and also start selling them for cryin'out loud. At least they could bring some some money and have a salable item...

Let's say it is BITMINE's fault : Why isn't AMT honoring refunds?

AMT has given us no way out of this shit storm.