Topic: Official Thread: AMT - page 197. (Read 678353 times)

What about you dude?
Manaficaturer means someone who is doing something way different to buy and resell. Got it?
Amt are just resellers. Probably they are making their first attempts to manufacture something and you are paying the bill for their trials and errors funny a? Who is the idiot now? You waiting for the miner to sell it on eBay or me the bigger idiot laughing at you. I do not mind to be the bigger idiot though

I have this theory about AMT...

1> They take pre sales for miners dating back to October 2013.
2> They quickly buy up the hardware and manufacture the miners
3> They run the miner themselves during this 'early profitable period' and bank on the BTC made
4> After many delays; miners are finally released to buyers to avoid possible refunds.
5> Miners are essentially vaporware and cannot ROI due to the delays. They will work, but will not pay for themselves - and getting a refund on this will be difficult since AMT can argue they fulfilled their promises with "limited delays that weren't directly their fault".

This would explain the lack of videos and pictures, they do not want us to know these miners already exist and are hashing them BTC since last year.

Theoretically: If a few refunds are issued, it's not the end of the world (to AMT) because someone else will take their place. As we've seen before, they will not directly refund the customer themselves: they just become a middleman between someone else buying the pre-orderer's miner.

I know it sounds a little confusing, but what I'm trying to say is: customers have paid AMT directly (wire transfer/BTC) but when it comes to getting a refund, they (AMT) says someone else must 'take over their pre-order' for a refund to occur. The original buyer gets their refund, and is essentially replaced by a new customer (the person who took over the pre-order). AMT doesn't spend a cent to refund the customer.

AMT is a SCAM: because they are using our money to fund their mining operation. We'll simply get the used hardware afterwards (that does work) and after months of trying to recoup our investment running the rig, find that it isn't going to break even. By this time, any kind of refund is impossible. AMT will do everything to make you happy and hold onto that equipment and not get a full refund, but it won't matter because it will be worthless in less than a few months.

So, that is my theory. Is it far fetched? I think it's genius actually if it could be pulled off. You are basically spending other peoples money to create a huge array of miners that make you rich, then you pass the hardware off when that earning window has elapsed and fulfill the customers' order.

Please let me know your thoughts on this possible theory.

Do you have a comprehension problem?

They did not come to agreement on the terms to manufacture coincraft boards for AMT.

Are you trying to imply something else that is not in the text?  Man... you are looking like a real idiot.

I have this theory about AMT...

1> They take pre sales for miners dating back to October 2013.
2> They quickly buy up the hardware and manufacture the miners
3> They run the miner themselves during this 'early profitable period' and bank on the BTC made
4> After many delays; miners are finally released to buyers to avoid possible refunds.
5> Miners are essentially vaporware and cannot ROI due to the delays. They will work, but will not pay for themselves - and getting a refund on this will be difficult since AMT can argue they fulfilled their promises with "limited delays that weren't directly their fault".

This would explain the lack of videos and pictures, they do not want us to know these miners already exist and are hashing them BTC since last year.

Theoretically: If a few refunds are issued, it's not the end of the world (to AMT) because someone else will take their place. As we've seen before, they will not directly refund the customer themselves: they just become a middleman between someone else buying the pre-orderer's miner.

I know it sounds a little confusing, but what I'm trying to say is: customers have paid AMT directly (wire transfer/BTC) but when it comes to getting a refund, they (AMT) says someone else must 'take over their pre-order' for a refund to occur. The original buyer gets their refund, and is essentially replaced by a new customer (the person who took over the pre-order). AMT doesn't spend a cent to refund the customer.

AMT is a SCAM: because they are using our money to fund their mining operation. We'll simply get the used hardware afterwards (that does work) and after months of trying to recoup our investment running the rig, find that it isn't going to break even. By this time, any kind of refund is impossible. AMT will do everything to make you happy and hold onto that equipment and not get a full refund, but it won't matter because it will be worthless in less than a few months.

So, that is my theory. Is it far fetched? I think it's genius actually if it could be pulled off. You are basically spending other peoples money to create a huge array of miners that make you rich, then you pass the hardware off when that earning window has elapsed and fulfill the customers' order.

Please let me know your thoughts on this possible theory.

Ok any way I am not arguing anymore
But please make a difference between manufacturer and business parter. For sure amt Is/was and is still doing business with them but manufacturer I can agree to that if I get their 4 chip board in the next couple of days. But this ain't going to happen  
So marto's post proves my words
Just a resume. I MANUFACTURED some fury boards for  amt   amt manufacturer but now I am not going to do it for coincrafts.

Hi,
I'm writing here as far we did some business with AMT in the past.
All I can say for sure is that it is not a scam.
They made orders for our heX16B boards  with us and payments were in time as promised.
Josh is a man of his word , even been in a bad situation with forwarding from EU to USA he managed to fix it.
I'm not able to know where are they with Coincraft miners as far we did not met each other in terms of pricing and stuff for 28nm generation.
Any way  considering all the troubles with design and production I think they will make this thing a working product in some moment.
When I am not able to say.
Do all understand it's a lot of hard work putting all this together even if you have experience...

Just my 0.02 BTC

I think you need to dig up that post and re-quote it here.

Technobit (i.e. Marto) did say that AMT was legit.

Bitmine.ch also says they are legit.

So all 3 coincraft A1 manufacturers say each other are legit.   Seems to make sense.

Now it Bitmine or Technobit said that they never heard of AMT or have never worked with them, then I would be very worried.

Hi,
I'm writing here as far we did some business with AMT in the past.
All I can say for sure is that it is not a scam.
They made orders for our heX16B boards  with us and payments were in time as promised.
Josh is a man of his word , even been in a bad situation with forwarding from EU to USA he managed to fix it.
I'm not able to know where are they with Coincraft miners as far we did not met each other in terms of pricing and stuff for 28nm generation.
Any way  considering all the troubles with design and production I think they will make this thing a working product in some moment.
When I am not able to say.
Do all understand it's a lot of hard work putting all this together even if you have experience...

Just my 0.02 BTC

Dude,
As far as understand marto's post it is not a vouch at all. It just states that they did some business and amt Joshua was the men of the word back then. But what about now?

A couple of folks had talked to him in person here in PA.

Someone ships the 80 GHs miners from somewhere in PA.  

Bitmine.ch ships chips to some location in the U.S. for AMT.

Someone was able to rent a PA location and office.  That incidentally was visited by other folks.

Technobit has shipped boards to them.  Technobit vouches for them as being legit.

You're making it seem that this company doesn't exists which is completely ludicrous.  It's like saying BFL does not exist.   Well for the longest time a lot of people thought BFL to be a scam,  however they eventually shipped.  Late, but they did ship.  

But what about people who will order in the future from Joshua Zipkin's company, AMT, where there is no proof that he's even been the US for at least the past three years?

Too expensive for amt 100USD per hour for advise how to swim out of the shit they are in. I am wondering how many hours of advises it is gonna take

For folks who insist on smearing AMT,  just letting you know that if AMT is indeed a scam and therefore guilty of wire fraud then they are subject to:

http://en.wikipedia.org/wiki/Mail_and_wire_fraud

18 U.S.C. § 1343 provides:

Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.[2]

Extremely serious crimes if proven true.

So people, chill out about the unsubstantiated claims about AMT.

More about Harrison that AMT_miner mentioned that was kind enough to share an office space with its founder because he's a friend of the family, albeit I later proved that Harrison is indeed Joshua Zipkin's Daddy-O, Harrison Zachariah Zipkin. The original office of AMT was 1254 West Chester Pike, Havertown, PA.

http://www.zintro.com/expert/Harrison-Zipkin