Topic: Official Thread: AMT - page 26. (Read 678353 times)

Or take some urgent actions against AMT?
Yes it will be hard and probably it will not change your position at all and bring your money back, but it will change the situation for the feature.
And eventually Josh can go to jail in some point because that is what he deserves!
You have nothing to loose. It is your choice weather you will continue to act like victims or not!

Urgent actions such as? It would literally cost me more to retain a lawyer and bring a suit against AMT. That would be to get my funds back maybe a year from now. If they paid the collection agency I'd likely have to retain to get the money from them. Then of course the they will take their cut.

Depending on how I reinvest my bitcoins towards more power for mining, plus the anticipated increase in the price of bitcoin there is a very good chance I will make my investment back, if not profit. Especially because I've confirmed with FedEx that my miner has already shipped and will be here today or tomorrow.

 I ordered when the website said my miner would ship by the 31st of  March so my miner is about 10 days late, or roughly one increase in difficulty. Does it suck yes. But unlike people who ordered for BFL I'll have my miner thursday.

The only other better situation I could be in would be if I ordered from cointerra when I first had my money and that would have been an april delivery anyway, and they haven't even hit their stated hash rates or power consumption either.

I certainly didn't pick the winning horse, which would have been holding my money then buying bitcoin when it hit this low price, or the placing horse, cointerra just based on their getting product to market quicker, but with a 10 day delay I picked the showing horse.

I wouldn't call that victimization. At least not in my case, but there are a lot of other people who bought from AMT under different circumstances than myself and were strung along for months.

Also aside from the investing, monetarily, aspect of bitcoin I wanted to be part of the bigger bitcoin world. In that my hardware is helping to grow the network because I believe in the idea of a decentralized currency and what it can bring to the world.


Now to address the idea of Josh going to jail me suing him wouldn't cause him any jail time. Thats not how the US justice system works, I'm not able to bring him up on criminal charges only the government can. So when my refund request was ignored I followed the next logical step which was a complaint ic3 and FTC. Those are bodies that have the power to bring AMT up on criminal charges.

A quick nod back to civil legal action though and you'll see in the lawyer in clennel's case is trying to certify a class of those who ordered from AMT and 1. didn't receive their hardware, 2. Received hardware late (myself) or, 3.  were denied refunds upon request ( I fall under this too).

So if the class is indeed certified I'm entitled to a portion of any of the money that the class may receive as a settlement or via the trial.  So it's pointless for me to spend money on an independent suit.

ok so lets say it gets to point where electric cant be met. people will stop mining it so diff will go down or btc will die then we all move over to NXT coin lol either way if ur numbers are right then we all fucked so u can pass ur worthless btc to me haha lmao
i only want btc to buy nxt with anyway as btc will die and NXT will supersede bitcoin. bitcoin is like a classic car perfect for storing in a garage but no good for practical day to day uses

Not me dude. Numbers are telling it.
big pie is next month 500 usd which are going to AMT pocket.
The rest is for you decreasing every diff adjustment with 20-25% percent.
Friday nice
I missed that. Pray to good that it will work that is all i can say
As you see if you loose next two weeks of mining because your miner needs constant reboots or hanging or whatever technical issue might be you know...

so you are telling me that in 3 month the 1.2th miner will not make £5.67 ($9.38) in electric costs per day working on our most expensive electric tariff lol

EDIT: and where are you getting the month delay from? my miner will be here on friday

as btc dif rises so may its price but you have a minimal 1% swing when were currently at a 45% deflated price from last month.... we will let you know when we  stop being able to pay electricity for the miner

Not crap dude
Difficulty is raising in 25% jumps constantly
What it means that you are fucked unfortunately
I will not argue with you ...
And you have just three months before this miner will not pay for electricity at current BTC/USD exchange rate
PERIOD!
And it is most likley that there will be at least a month delay so you are gona make 400 USD top

your calculator says you get 5 btc in a year. thats crap.

 i notice the high price you set your electricity cost at sjre you dont pay 25¢ per kw if you do your butt must hurt.

http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=1200.00&p=1400.00&pc=0.15&pf=0.00&d=6119726089.12815000&r=25.00000000&er=442.93000000&hc=5000

14000 dollar return on a 1.2 ths miner

Really?
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=6119726089&dcosts=5000&diff_mincrease=25&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=3&btcusd=445.89&dpowcon=1330&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc
??
Which part of the above link are you not getting?

What part are you missing dude
http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=6119726089&dcosts=5000&diff_mincrease=25&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=3&btcusd=445.89&dpowcon=1330&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc

miners will take years to run at 0% return unless electric cost booms

if your waiting on your miner not paying the electric your waiting a long time. roughly speaking the 1.2 t uses 10% btc made daily on electricity and thats at this bismal price. if it was around the $5-600 mark again then it would be using only 3-4% btc made a day in electric. hard to guess but the machine will stop making elwctricity costs in about 5 Years if btc dif changes as it has. but by then the dif will hopefully have dropped due to ship jumpers and youll still make money.

So nothing is lost in translation. Do you have dignity? Do you feel like a begging for refund?
I guess not, right?  What can you do?
Wait just a little bit longer when miner will not pay for electricity just because AMT is refusing to refund you? Or take some urgent actions against AMT?
Yes it will be hard and probably it will not change your position at all and bring your money back, but it will change the situation for the feature.
And eventually Josh can go to jail in some point because that is what he deserves!
You have nothing to loose. It is your choice weather you will continue to act like victims or not!
 

My grief is the same. No communication. Which also breeds uncertainty. If I got answers via email since they have stated they wont address orders on this forum, I would be much more at ease. So far this is the only vendor I have dealt with that has not returned my communications on ETA when requested. I explicitly consented to a 2-3 day delay which was what the DIY kits where were supposed to be. But that is clearly not the case here. going on the second week of delay from the DIY kit. Since I am getting no replies via email or phone, I figure it will be better to just publicly air this until I get a reply. Like I said. I want a firm commitment from you guys on WHEN I can expect the kits. I am already compromising as it is by getting a DIY kit. The least AMT can do is address me directly with some kind of HONEST update as to when I can expect my hardware. I will keep ranting about this until I get an answer from them. Figure spamming this thread is the only way to get their attention it seems.

agreed, also it would cost me far too much to take legal action against them as im in the uk and laws here slightly different.
it was easier for me to get the kit and deal with it. at the end of the day i paid out of trading profit anyway so if it was "lost" it was no big deal to me. nothing came out of my personal pocket and im happy with what i got tbh

I'm thinking there is something lost in translation here.

So I'll say again, we did ask for our money. It was not given to us. We can not go up to them at gunpoint and ask for a refund. They denied the refund, so many people filed complaints with the federal agencies in order to get said money back. But that doesn't make the money magically appear in our wallets or bank accounts. Only the company can choose to refund us. And the choice they made was to ignore the laws that require them to give full and prompt refunds. They instead continued to stall and then shipped hardware. None of which was in our control as they had already decided to not refund us.

If that has changed I'll gladly turn right around and ship that miner (kit) back  in exchange for a full refund. ( even shipping at my own expense) Because I can then take that money and purchase more hashing power elsewhere.

Almost 2TH instantly on pb mining.

But the fact of the matter is they aren't issuing refunds to those who want them.

Hey Iosha, How are you helping with these comments? Seriously, some people are happy receiving their miner, some are still waiting, some are waiting for their REFUND. That's it.

http://btcinvest.net/en/bitcoin-mining-profit-calculator.php?diff=6119726089&dcosts=5000&diff_mincrease=25&blpbtc=25&dhsmhs=1000000&diff_mincreasedecrease=3&btcusd=445.89&dpowcon=1330&btcusd_mincrease=1&pcost=0.25&calcweeks=32&dleadtime=0&action=calc

THINK Guys
Just a week or two delay is bringing you to 0 almost
However AMT will do whatever it takes to add just a little more delays for you be sure about it
Conclusion

You can make in short term no more than 300-400 USD profit. Having in mind that crap will hang and special care will be taken that is the wise investment made

i ordered the 520gh model but ended up getting the kit so as i dont get a psu they gave me an extra board, putting me to 700-750ghs turbo (so they say)
the extra hash was for delays. so at least im one of the few that got some sort of compensation or mpp. my greif was never with the delays it was purely with the lack of communication. i placed my order on 30th January so i haven't waited half as long as others have with orders below me

Because you lost them already. Because what you are about to get eventually will be crap. Because you have dignity. Because 1000 other reasons
But this are your money so it is your decision only!

Order 958.