Topic: Official Thread: AMT - page 271. (Read 678353 times)

At the risk of derailing this thread, but since no AMT news is being posted anyway, I could not possibly disagree more with the above statement. These asics carry a very high NRE, but cost peanuts to produce, the only reason you are paying $3/GH is because the market can bear that price and there is a huge shortage.

This wont last. As demand dries up (due to exploding difficulty), and manufacturers get their act together, prices will tumble until at some point they approach marginal production cost. And that is around one order of magnitude lower than what you see today.

FYI, a 300mm 28nm wafer costs ~$2500 in volume, possibly as "much" as $4000 with smaller volumes currently. One wafer holds somewhere between 50 and 100TH worth of chip candidates.  Thats $0.04 per GH in silicon production cost. Add a few dollar per chip for packaging, yield etc and a 400GH HF chip will cost on the order of $30. If that.  PCBs are fairly cheap too (probably around $20-$30 for a HF or BFL Monarch board), KnC style cases cost just a few bucks, what remains is cooling and PSU's.


remains to be seen. Like most others, I suspect KnC is heavily sandbagging on their specs.  20nm finfet ought to provide a very substantial efficiency boost. However, I will only believe they can deliver before June when I see it.


Only as long as there is a production shortage. My guess is that wont last very long.

Here's why I ordered from AMT.

I looked at all the 28nm manufacturers at the time.

There was:

KNC
Bitmine
HashFast
Cointerra
BFL

KNC was not selling 28nm and moved to 20nm.  Their product was scheduled 2nd half of 2014 at $12,000 for 3GHs
Bitmine has demos and had a tapeout earlier than both HashFast and Cointerra
HashFast looked legit but I could not find an order date that would ship in Feb.
Cointerra has the best prices and hardware but, they were delayed, and I couldn't order anything that would ship by April.
BFL -  I didn't bother.

So clearly Bitmine was neck and neck with HashFast in their schedule.
Only problem with Bitmine was that they were European and I couldn't figure out how I could buy their stuff from the USA.
Out comes announcement from Bitmine about AMT
The AMT promise ship date was for Feb on 1.2 THs machines that were on par price wise with HashFast.

Right now, it is a race to get those THs systems.  The situation however in Mining is becoming similar to GPU mining.  With GPU mining nobody is releasing new hardware that an order magnitude higher.  They have hit the limit of speed and power consumption.  The same will happen to ASIC in the next 3 months.  None of the ASIC manufacturers will be able to sell 28nm cheaper than what they already sell it for.  At best $3 per GHs is the limit.   

The benefits of 20nm is miniscule.  The KNC neptune system at 3THs requires industrial power requirements.

There are a ton of 200GHs 55nm products sold today, but these will plummet in price in the next couple of weeks.  So, if you want hardware that depreciates at a slower rate, then it is like 28nm because you can't get anything better.

BFL miners for example, who got their system really late were still able to profit because their units did not depreciate.   Many mined and even sold their units at the price they bought it at.  The same situation will likely play with 28nm miners.   

I just hope I can reach someone this week to find out my tracking number...
I hope they can deliver.  The 80 GH unit got released now how about my 128GH unit

Seeing those picks helped relieve my stress headaches... I guess I just need to be more patient. 

FYI: if you plan on delaying deliveries from a specific date, please reply/notify the users that it would be delayed... Communication is great to have and if you need to do it on a mass scale, please place that in the News Section. 

Good work AMT... When I get my 128GH, I will most probably order my 1.2 or higher unit from you as well.

Point taken. I suppose I should have said they are attempting to be VAR's

I'm trying to be neutral here. They've been nice to me, and I have personal reasons why I'd like them to succeed, but they also have some serious problems to overcome. I think they are trying, and I think they will likely succeed. Give 'em some space to breathe.

If I'm to be totally objective, they were a week late shipping to me. But they gave me the damn thing, so I can't bitch about that. If I had paid for it, I'd be a bit upset, but still, a week is not so bad. I don't think they are trying to do any harm, and I think they are trying very hard to be a good company. I also think they lack experience in customer service that they thought technical skill would overcome. It rarely works that way, which they are quickly discovering. But all new businessmen run into walls. It's the nature of the beast. This is off of memory, so it could be off a bit, but I seem to recall that 80 percent of all new businesses fail in their first year. I can just about guarantee that 100 percent of those failures didn't intend to fail.

These guys have reacted in a less than stellar fashion to a lot of people on these fora pulling out the pitchforks before they had any reason to. I've been a forum rat/ BBSer since (computerwise) the dawn of time. This is one of the most contentious and often downright vicious places I've ever been. It's also home to some incredibly smart people, which makes the noise worth it. I know for certain that the AMT boys did not expect the level of hostility that they got.

This does not excuse them reacting in kind, but it does make it more understandable. They have said, both publicly and to me in private, that they are trying to hire people who are more professional on the CS side of things. I think they will do so. I think they need to do so actually ahead of just about everything else, because a lot of the hostility would be put to rest by somebody regularly communicating, and being straight up about any delays or issues that come down the pipe.

One thing that has been noted ad nauseam that they should have addressed has been ASIC availability, both Bitfury and Coincraft. They should have talked about it. I think they'll handle it, but if you don't SEE it, you get antsy. I understand this. I'm not sure they did. I'm sure they do now, they just ain't sure how to handle it. PR is often maligned, but it's vital to a business.

They are not VARs yet until hundreds of equipment has been delivered to paying clients.

I agree with your first paragraph. Said so to the AMT boys, too. It was a reactionary post, like a lot of their responses on here. They said to me, privately, that the thread gets them all fired up (in a bad way). Customer service is not their strong point, which they have acknowledged. They told me they are trying to hire CS professionals to handle things much better going forward.

I've known a lot of engineers and tech weenies over the course of my life, and while I despise stereotypes, they don't come out of nowhere. Guys like that tend to take things personally, when they should just shrug their shoulders and ignore it, while soldiering on. The AMT guys know this, but aren't real good at restraining their tempers.

My feeling, having dealt with them at arm's length, is that they will get their shit together. They know where their problems lie, and are trying to fix them. One of those problems is dealing with an often hostile audience. They aren't unique in this, but they got jumped on the first few posts here. I think it blindsided them.

That was just what I would mine. As per the below thinking. (Made me what I have today.)

The pages show you profit "now"... which is only relevant if you "have coins to sell now". Also, some of those numbers are "incorrect"... showing old DIFF, to a new pumped-value, not counting block-collisions/rejects of rewards. Never mine the "top" coin... stay 2-3 coins below top... That's another solo-miner tip. Top coins return to the bottom in a few minutes. Once diff corrects and you make next to nothing for hours later.

To mine... You have to take more in to consideration. However, by the easiest terms, for SOLO, you simply want any coin that is lowest difficulty, and "greatest potential future-gain". (Lowest value now, which will rise. As opposed to a high-value coin that will just fall, or level-out, or is being pumped.)

Why lowest diff... (Exaggerated example)
BTC DIFF 1.5 billion. Time to earn 1 BTC ~ 30 days. (One block is 25x longer than 30 days = 750 days... that is if diff never changes.)

TEK DIFF 23 thousand. Time to earn 1 BTC ~ 30 days. However, in those 30 days, you will find over 843 TEK blocks, which can be instantly converted to BTC, or held until the coin value rises. It will rise, since you are now taking coins from someone, and not cashing-in yet. You are not taking shit from BTC mining BTC.)

Thus...

0 BTC, 0 BTC, 0BTC, 0BTC.... 750 days later... 25BTC (In a pool, you would only end-up with about 15BTC.)
30 TEK, 60 TEK, 90 TEK... 750 days later... 283723 TEK Worth only 20 BTC, but BTC-value now $6000/BTC = $120,000 USD... so it is as if you made that same value, for all the coins, even back when they were less.

As opposed to having cashed out at BTC values as you mine them, of $900, $1000, $580, $690, $2100, $1400, $2800, $3650, $1600, $3950, $6000... as you mined, cashing out along the way. (You get a lot less that way.)

Pools are not super difficult to setup... but difficult to maintain and operate. Needs good servers, good linux skills, and some ability to compile and code PHP, MySQL, HTML, etc... And deal with all the exploits involved with the operation of free-code. (New pools usually run into a lot of the same issues that the big ones already had to deal with, but they don't tell you how to fix it. You either just get raped yourself, or figure out how to stop being raped by the miners/exploiters. Fake shares, double withdraws, wallet breaches, user-breaches, server raiding, DDOSing, pool-hoppers.)

If you mine in pools... it is best to have a single miner in every possible pool. That is for better average luck. If you had a miner in every pool, and there were no solo-miners... you would have 100% luck, getting reward without "dry-spells", like pools normally have, that are small. However, luck doesn't matter much over time... you get the same after a year mining in one pool, or many... (Well, again, actually less, because they don't give you all the actual rewards.)

I am sorry to say but everyone who has anything positive to say here is discredited by the "5% discount to anyone who combats trolls post".

Also, paranoia comes from lack of communication, not because people are bored and want to play e-Private Investigator with Google Street Maps. If AMT would have a consistent message and delivered product, there would be customers here posting about their miners and support/performance/build quality (see other threads where companies delivered)

I get that people who "believe in AMT" want to blame the cruel, horrible troll world, but it's solved by delivering product. Taking money, not delivering and not communicating breeds all kinds of speculation. Reap what you sow.

It passed over that line long ago. #tinfoilhatbrigade

Maybe you should come up with a list? 

All the ones you didnt list. For obvious reasons, Id rather not link them, but to name just one of countless, remove spaces:
www.a s i c-t e c h n o l o g i e s.com

I have to ask,  what percentage of hardware bitcoin manufacturers were pure scams?

TerraHash - Fail
BFL - Late.  
KNC - Good
Avalon - Delivered
AsicMiner - Delivered
Bitmain - Delivered
Bitmine - Chips tested
HashFast - Late.  Sending units out.
Cointerra - Late.  Chips in package.

who else... what hardware vendors are running a total scam?

Real companies respond to inquiries. You don't think a little paranoia is warranted with the number of scams associated with this industry so far? If you aren't paranoid, you're an idiot.

Correct. They moved mid December. The address is currently 355 Lancaster Ave, Havertown PA. Building E1

Photo shows "Advanced Mining Technology"
My invoice says "Advanced Mining Technology"

Domain name entry says "Advanced Mining Technologies inc" - created 2013-09-10
The Delaware registration is "ADVANCED MINING TECHNOLOGIES INC" formed 05/29/2013

So I would think it would be conceivable that they changed their name from incorporation and domain registration to the creation of the office sign and their invoice.

Also,  I did a google for the name of the doctor on the sign "Ruth Garfield"

Here's the result:  http://www.healthgrades.com/physician/dr-ruth-garfield-2s7pl  

349 Lancaster Ave Suite D
Haverford, PA 19041

The address on AdvancedMiners.com page is:

355 Lancaster, Bldg. E1,
Haverford PA 19041

So the photo of the place is legit.   


Folks!!!! You guys are PARANOID!

I have no idea why people here are taking great pains to discredit the company.  It is bordering on ridiculous.

Sure maybe they don't answer emails or phone calls,  but they certainly are a real company with a real product.

Oh, yeah, I paid in btc, but through Bitpay. I think this is the transaction ID but I'm not sure: 0a9f2f267f4bca00a58be30cd16130cccf1037f0b3622d772b4e5241edc2e3fe

Not sure the best way to do this, so I printed the confirmation email and took a pic of it. Here it is:

http://ppl.ug/12UB92VbGeE/

Whether they are a real company on the books or not is not for me to judge - all I know is that I went there and there is physically something there and someone gave me my miner.

As far as what is happening with it not working, the D-Link card that is in the machine is programmed with a software that is very similar to the Avalon software. It's not identical, but very similar. It doesn't have wifi, you have to use an ethernet connection. Josh had programmed it so it would work on the average 192.168.x.x network, however my network is mac, so it's a 10.0.1.x network. Instead of changing the static ip to match my network, I figured I'd just go with the automatic via DHCP, and in doing so I messed up some of the network info. At least that is what I think is wrong.
I'm also stuck with trying to get it to work by plugging the bitfury boards directly into my laptop or into minepeon, I think I'm missing some drivers. I've been insanely busy with real life stuff so I haven't had the chance to sit down for more than 15 min at a time to be able to research drivers and try stuff. So yeah, that's what's going on. Any help would be much appreciated!

Ok, I didn't know if the address to the picture posted was known yet. I just did a quick googling.

I said that the address provided by AMT (1254 W. Chester Pike, Havertown, PA, 19083) is not the address of the entrance show in the photo provided by the new forum participant.

No, that business and the others listed is at
355 West Lancaster Avenue
Haverford, PA 19041

http://goo.gl/maps/Cg3lx

You can see the styling design in the street view images, it would likely be the back right corner building.