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1561  Bitcoin / Hardware / Re: Official Thread: AMT on: February 06, 2014, 12:53:22 AM
I have been monitoring these forums for that past month and simply HAD to register to throw my 2 cents in about AMT and their business ethic.

I am truly amazed at how many of you come to the defense of AMT based on what little communication and details about the products are given. I can understand maybe you are an early investor in the 1.2 TH miner, and having shelled out big bucks early: coming to their defense isn't going to guarantee you get your product versus someone who is cynical about their operation. The fact is, based on AMT's terrible communication to their investors, you have to GO OUT OF YOUR WAY to NOT be cynical/worried about AMT in general.

Here are some of my concerns:

1. There dozens of questions that have been posted here about the hardware, yet only the stupid trivial questions are being answered. Anything tech related that might involve some know-how seem to be overlooked. AMT is completely ignoring straight forward questions that I feel as an early investor in their start up, we should have a right to know. However, if you ask something stupid like "What color is the case going to be?" they jump right on that with an answer. Power consumption, heat, detailed hashing rate questions - those are all ignored.

2. The lack of good photos/video of their existing products and upcoming 1.2 TH miners. No offense to Biomech (the guy that was given a Miner for free) - but your videos and pictures were pretty terrible and do not put help put others at ease. We need someone that has a miner from AMT to take some nice high quality photos of the boards, case, and build quality. Pictures of their mining stats would also help put many peoples' worries at ease. We also need feedback from someone who paid ACTUAL money for their Miner, not some guy that was given one for free (because he's broke) - for all we know he could be friends with them, and is obviously biased towards defending them since they gave him a free Miner. Sorry, this just doesn't sit right with me.

3. The youtube video posted by Josh is very unconvincing of an actual hardware building operation. Looks like it was recorded in a small office with little to no hardware around or the end product in sight. We simply have a guy with a cheap acer laptop and a board running with heatsync and fan. His quick video doesn't address any questions that were asked: it's like they post this video to delay people from asking for refunds or taking action against them. Just enough to keep you waiting and waiting.

4. They are charging a LOT of money via Wire Transfers and Bitcoins (completely uninsured - they can run off with this money & good luck getting any of it back). Why would they do this? To avoid Credit Card fees? I mean, give me a good reason - please. If they are a legit company that plans on delivering; and charging what they are for these miners - then paying fees to process thousands upon thousands of dollars shouldn't really be a concern. This path they have taken has just left people feeling uneasy.

5. You would think with all of the scams that have been going on, these guys would take the high road and try to answer as much as they can to help put their customers at ease. All I see is the same behavior exhibited by previous mining operations. A> Take money from customer B> Not answer direct questions and provide little to no information or evidence of the products being produced C> Keep pushing delivery back and back with countless excuses and little to no follow up.

6. Grumpybearsgirl: I have seen all of her posts requesting her refund. Why hasn't this been resolved? Either she's trolling AMT (doubtful) or she's been victimized. We need to be coming to her defense, because anyone of us can be the next to never get our money back.

7. Latest post by Josh. A sticky note on a computer case saying "we've got the chips, time to get to work!", a screwgun on the table, and boards full of chips. Why not actually post some relevant answers instead of these quick short snapshots that are void of any real INFORMATION. Even if you're working 16 hour days, you can spend 30 minutes and put many of these questions to rest. No excuse!

In terms of these 1.0+ TH miners in general - let's call them the "Geese that lay golden eggs" - they will produce countless bit coins and pay themselves off in a few months. So why are they selling them in the first place? One would think if you had the capability to produce these machines, you'd simply run them yourselves and get rich.

Wait, I know why! They are using all of our seed money to buy the hardware, build the equipment, run the hardware themselves while pushing delivery back countless times, and as the chance for ROI dwindles (difficulty increases and overall network hashing rate increases) - they release them to their customers. The user who posted the graph earlier and explained this is SPOT ON. Keep in mind even if they are using all this pre-order money to run the hardware themselves and bank on it, this is the BEST CASE SCENARIO. At least at the end of the day you might actually get something (even if it won't meet ROI). I personally think many won't be getting anything at all.

If you pre-ordered and are constantly coming to their defense based on nothing other than HOPE that you haven't gotten ripped off - it's time to pull your head out of your ass and consider the fact that this whole operation has been conducted very shady, and we need to band together as consumers and pressure AMT for answers that we deserve. I really want to just start a productive dialogue in hopes that AMT will hop back on here and give us more than a few crappy photos and answer some of the valid questions asked.

I hope I'm wrong, really. I want everyone to get what they ordered then throw it in my face afterwards.

Thoughts?



AMT_miners,

Way to bury my post.

How about you actually respond to the questions asked by those who pre-ordered instead of thanking your supporters who have nothing to show for it as of yet.

How about this question: Have you refunded grumpybearsgirl yet?  What is the status of her order?

Why are those who ordered late given an option for a refund, yet those who pre-ordered early SOL?

Can you post some photos of the power supplies and unpopulated boards you plan to use? I'd like to see more photos of hardware.

Actual substance is much needed here.
1562  Bitcoin / Hardware / Re: Official Thread: AMT on: February 05, 2014, 11:41:18 PM
I have been monitoring these forums for that past month and simply HAD to register to throw my 2 cents in about AMT and their business ethic.

I am truly amazed at how many of you come to the defense of AMT based on what little communication and details about the products are given. I can understand maybe you are an early investor in the 1.2 TH miner, and having shelled out big bucks early: coming to their defense isn't going to guarantee you get your product versus someone who is cynical about their operation. The fact is, based on AMT's terrible communication to their investors, you have to GO OUT OF YOUR WAY to NOT be cynical/worried about AMT in general.

Here are some of my concerns:

1. There dozens of questions that have been posted here about the hardware, yet only the stupid trivial questions are being answered. Anything tech related that might involve some know-how seem to be overlooked. AMT is completely ignoring straight forward questions that I feel as an early investor in their start up, we should have a right to know. However, if you ask something stupid like "What color is the case going to be?" they jump right on that with an answer. Power consumption, heat, detailed hashing rate questions - those are all ignored.

2. The lack of good photos/video of their existing products and upcoming 1.2 TH miners. No offense to Biomech (the guy that was given a Miner for free) - but your videos and pictures were pretty terrible and do not put help put others at ease. We need someone that has a miner from AMT to take some nice high quality photos of the boards, case, and build quality. Pictures of their mining stats would also help put many peoples' worries at ease. We also need feedback from someone who paid ACTUAL money for their Miner, not some guy that was given one for free (because he's broke) - for all we know he could be friends with them, and is obviously biased towards defending them since they gave him a free Miner. Sorry, this just doesn't sit right with me.

3. The youtube video posted by Josh is very unconvincing of an actual hardware building operation. Looks like it was recorded in a small office with little to no hardware around or the end product in sight. We simply have a guy with a cheap acer laptop and a board running with heatsync and fan. His quick video doesn't address any questions that were asked: it's like they post this video to delay people from asking for refunds or taking action against them. Just enough to keep you waiting and waiting.

4. They are charging a LOT of money via Wire Transfers and Bitcoins (completely uninsured - they can run off with this money & good luck getting any of it back). Why would they do this? To avoid Credit Card fees? I mean, give me a good reason - please. If they are a legit company that plans on delivering; and charging what they are for these miners - then paying fees to process thousands upon thousands of dollars shouldn't really be a concern. This path they have taken has just left people feeling uneasy.

5. You would think with all of the scams that have been going on, these guys would take the high road and try to answer as much as they can to help put their customers at ease. All I see is the same behavior exhibited by previous mining operations. A> Take money from customer B> Not answer direct questions and provide little to no information or evidence of the products being produced C> Keep pushing delivery back and back with countless excuses and little to no follow up.

6. Grumpybearsgirl: I have seen all of her posts requesting her refund. Why hasn't this been resolved? Either she's trolling AMT (doubtful) or she's been victimized. We need to be coming to her defense, because anyone of us can be the next to never get our money back.

7. Latest post by Josh. A sticky note on a computer case saying "we've got the chips, time to get to work!", a screwgun on the table, and boards full of chips. Why not actually post some relevant answers instead of these quick short snapshots that are void of any real INFORMATION. Even if you're working 16 hour days, you can spend 30 minutes and put many of these questions to rest. No excuse!

In terms of these 1.0+ TH miners in general - let's call them the "Geese that lay golden eggs" - they will produce countless bit coins and pay themselves off in a few months. So why are they selling them in the first place? One would think if you had the capability to produce these machines, you'd simply run them yourselves and get rich.

Wait, I know why! They are using all of our seed money to buy the hardware, build the equipment, run the hardware themselves while pushing delivery back countless times, and as the chance for ROI dwindles (difficulty increases and overall network hashing rate increases) - they release them to their customers. The user who posted the graph earlier and explained this is SPOT ON. Keep in mind even if they are using all this pre-order money to run the hardware themselves and bank on it, this is the BEST CASE SCENARIO. At least at the end of the day you might actually get something (even if it won't meet ROI). I personally think many won't be getting anything at all.

If you pre-ordered and are constantly coming to their defense based on nothing other than HOPE that you haven't gotten ripped off - it's time to pull your head out of your ass and consider the fact that this whole operation has been conducted very shady, and we need to band together as consumers and pressure AMT for answers that we deserve. I really want to just start a productive dialogue in hopes that AMT will hop back on here and give us more than a few crappy photos and answer some of the valid questions asked.

I hope I'm wrong, really. I want everyone to get what they ordered then throw it in my face afterwards.

Thoughts?

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