What about hiring a collections agency? Are we within our rights to have a collections agency go after them?
Only after a judgement is issued against someone. They of course will take a percentage of the amount to be collected but - in many states that is allowed to be added to the bill so to speak. Well then, the small claims court route then is not a waste of time.
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The small claims option is a joke...did some looking into it. Even IF I won, it would still be on me to get the money...they arent paying out anyway, so whats the point? I will just stay in the class or see if they settle out otherwise. @AMT I really really did not want to go this route, but you guys really have not left anyone any choice to address things any other way. You have not been true to your word once since you started posting. So we are stuck only using the available evidence before us to make a rational decision on anything. I am still open to addressing this properly but as it stands now I am looking at all my options.
What about hiring a collections agency? Are we within our rights to have a collections agency go after them?
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I am actually waiting now for the June response to the complaint from their side. Since that goes into public record we can all see it. With that I will know if I need to take further action. They have shown no intention of truly settling with some of us they reached out to. They might have reached out but have not actually done anything actionable to make it happen. I am not going to keep getting strung along with nonsense promises that don't materialize. And broken hardware.....
I was working with the driver side and firmware to see if I could provide some solution for people with working hardware hopefully bring it back to life. But since they are not willing to put forth the effort to provide simple documentation on the hardware and it just smacks of more stalling, I see no reason to continue with this kind of work seeing as they don't even want to benefit from it.
The hardware is poorly calibrated for what its supposed to do. Whoever's fault that is, its on them. They chose to ship broken hardware to people, in what universe that should every be taken as business advice is beyond me (they said their assembler suggested that if you recall in a previous post). The sob stories are not an option really any more. I and others just want something actionable. Considering the small number of us that funded this company we are essentially investors. The big problem here is that if we tally up the order there are hundreds of thousands (not millions) that were taken from us in all. They could technically (if its allowed) settle with us out of court so we officially can opt out of the class action limiting their loss. It's actually better for them to settle out if that is an option available to them than it is to wait for the court. Seems like it would be better at least.
I think the 'tell' is the consistent lack of effort on AMT's part... how hard is it to come up with a little bit of documentation to help out their poor customers with their hardware? How hard is it (in my case) to ship a missing back plane? How hard is it (in mrpark's case) to accept a Fedex delivery?
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I want you to know that IXC has in fact done quite well in the last down turn.... just compare:
Ixcoin - $ 1,838,534
Devcoin - $ 569,154
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Confirmation: The large buys today were not an accident. They were bought and are being planned for long term holdings.
Looks like the large sells at Cryptsy were also eaten up!
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Hello there! We are glad to announce that we have released IXC/BTC trading on CEX.IO
Now, users are able to merge mine IXC and trade them on the platform. Be sure to check it out and tell us how you like it. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fblog.cex.io%2Fwp-content%2Fuploads%2F2014%2F05%2FNew-trading-pairs-800.png&t=665&c=M6-NOQkeuOY4wA) IXC now more valuable than: Novacoin NVC - Listed at BTC-E Infinitecoin IFC MaxCoin MAX - Promoted by Max Keiser WorldCoin WDC DevCoin DVC MintCoin
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Looks like folks are anticipating the release of the 2nd generation capabilities like assets, exchange and betting.
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Finally! So IXC now trading at: Cryptsy Poloniex AllCrypt CEX-IO who else?
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The two odd mining boards (two with copper heat sinks, (Other 3 board had black heat sinks)) they sent me, they do not power up at all. It seems they are just dummy boards. Ironically, these were the two boards that got "damaged in shipping" with the 20 pin connectors torn off and caps missing.... They might have well as send me a box of rocks for my $6,000. I believe I was set up, and believe I have evidence to prove it.
I am buying 1.4T miners for $2,500 now. I could almost buy 3 times the mining power for what I paid for this unit. Shame, shame, shame...
Yea its a sucky feeling. I am now looking at the spondoolies since they dropped in price so dramatically. The 1.4 went down to 2795. The 5.4THs is about the same price as the 1.2Ths miners we bought from AMT. Just some perspective. Either way, it is what it is now and gotta try to turn this situation around for us whatever it takes. Still have not been able to mine with my broken AMT miner, however given the Miner Protection Program (MPP), I hope to get back my $6,000 I paid for, regardless if the miner never worked.
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It has been 2 weeks from last post in this tread. Are there any updates ? Dev is actively working on Monero project but this one seems to be a bit neglected.
I am actively working on this more than MRO right now. I will try to push some basic code outlines this week, then hack away until regtest is functional. Stay tuned. Oh.... thanks for the confirmation. Saw your handle several times with respect to MRO.
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Is it true that some of you have invested BTC ?
We jst pldged 2 invst when the coin is ready Yes, exactly. All pledges, no real investments until everything is ready. "Hippie Tech" is just one of those many folks on Bitcointalk who run a 'protection racket'.
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Question: I have 2 boards hashing at 380Mh is this correct for 2 boards? I guess all ASICS are working on the 2 boards. Any way to check individual ASICs?
Opium/ISA would know for sure but sounds a little low. Think 200ghs or more per board is expected. Depends on what they set the clock and such at but I say sounds like a safe setting or maybe a chip has a few bad cores. I think it's the heat sinks causing the ASICS to slow down. They put a tiny square much smaller than the heatsink for attachment. I laid an aluminum heatsink and it works much better. I could feel the heat sinks were not greased right because they were not that hot. What a mess... Do you refer to the big heatsink?
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Appears that QCN just passed MRO in price.
.0076 for QCN and .0064 for MRO.
That's because there's less QCN 100K.
The difference between QCN and MRO is that the QCN mint rate is 1/4 that of MRO. So I'm more short term bullish with QCN.
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I am unfamiliar with the "grey market", could you elaborate?
<snip> There have even been cases of chips with no actual die in them! <snip> I thought the chips were ordered from Bitmine, and through them, from Innosilicon. I'm unclear how the manufacturer would have any part of how the chips were presented. I don't know a whole lot about how ASIC chips work but it seems like that would be very hard to miss and take effort to ignore. Then again, I'm no engineer. The A1 chips are not in question as yes they are sourced from Bitmain/Coincraft. It is all the other components on the boards that we are talking about: capacitors, resistors, coms chips etc. As for the chips with no dies/incorrect dies in them, again that has nothing to do with our sitch here. Was a general reference to what has been found in many many cases where counterfeiters have been caught and prosecuted. This issue has hit many industries. A good starting point on it is http://counterfeitparts.wordpress.com/ and http://counterfeitparts.files.wordpress.com/2012/02/avoiding_counterfeit_electronic_components_part2.pdfHere is my issue with this complaint about poor parts. AMT promised delivery on February. If the boards were coming out of the manufacturer and testing bad in January, they should have informed customers of the problem and like any legit supplier, refunded anyone who requested. Now we are here 5 months later, nothing but bad shipments if any shipment at all. The point is this, do not ask people to pre-order if you cannot guarantee that you can deliver. If you can't deliver then it is your responsibility to refund your customer. It is like any other product, if I order 500 barrels of oil to be delivered in February for a price of $100 and you can't do that because of someone bombing your pipeline, then you refund the $100 because you never delivered product. Has AMT delivered working product? No. So we all deserve a refund. Their manufacturing issues (if even remotely true) is their problem. No sympathy from me. They should have purchased insurance prior to embarking in this risky endeavor.
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Where do I sign up for the class action suite again?
I would like a refund, and have just started the process up.
What is the title and number of the suite?
I would like my money back. ROI is impossible on a 12K loan, and with difficulty, and only 3-5/10 modules running correctly with SHOT backplanes that I have resolded several times.....Yeah, I am throwing in the towel.
I'll keep what I have now, and prepare my legal endings.
~Casey Merry~ ~Merry Miners CEO~
Easy to find.... just google "Joshua Zipkin Fraud".
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I am unfamiliar with the "grey market", could you elaborate?
Unauthorized vendors/brokers selling components of unknown origin (not directly obtained from the maker and no paper trail). Think e-bay. The parts might be good and are cheaper because they are legit factory over runs (rare) or someones surplus inventory. But - they might not be and unless one checks every single piece used against spec there is NO assurance that it will be right. Counterfeit electronic components is a very serious problem in all industries. If one is lucky they are just out-of-spec factory-rejects that failed testing and were improperly disposed of so someone dumpster dived for them to resell. There have even been cases of chips with no actual die in them! Most common is components which are an older version that have been relabeled to be a new one. Now to be fair and although they ruined the business we need to not make them look like complete outlaws.They did order from Digi and mouser, but some of the hard to place parts were ordered from "a guy I knew that had them in stock". These were for the harder to find NXP parts and LTC's. But yes,when asked for invoices/proof of purchase we were met with weeks of delays followed by a stack of papers comparable to something you'd find in one of the Junior lawyers offices in our law firm. And "sure you can make copies, but we're closing now,maybe some time next".. bs bs.. I think you are just making this up about manufacturer problems and defective parts. The reason I say this is that based on what you shipped and how you shipped it, you seem to want to cut corners at every opportunity. So given the opportunity to acquire sub-standard parts, you likely would have taken it. In summary, all you do is pretend to care about quality, but you never deliver on it.
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Guys, we need to vote for which domain you prefer for the official Foundation site: dot org or dot com, I own both so choose whichever you like.
Also, we need a 1 letter symbol for our actual currency symbol. We have some flexibility since our wallets start with an X. So we can either use an i or an X.
So let's get some votes on which letter people prefer and then design our currency symbol.
The actual IXC logo which friction commissioned looks great and can be used on websites, print ads and in stores, but we need a 1 letter symbol and we need it soon.
Friction, so you know where those guys are, that did our logo, they were total pros, can they help is again?
We have 1,000 iXcoins from JohnnyBTCseed to work with, maybe we can get a few nice i and X currency symbols to compare and then choose the best one.
What do you guys think?
Johnny, you good with spending that 1,000 IXC on a currency symbol, or at least part of it? Friction paid 100 IXC for the logo but I'm not sure what kind of talent we'll get for that little.
Let me know and please guys, we need active input. This is your money at work, please speak up and tell us what you like and what you don't like and vote on everything we're working on.
Thanks!
just do it. if you want some design done, just create a new thread and offer a prize. that is what i did, spent 250 IXC. 3 prizes.
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Again, a reference design is just that: a basic how-to example to make something work and test it. It is NOT an optimized final design much less something ready to be stuffed into a complete miner eco-system . They will give you a list of things to look out for but not their precise solutions to it
Give the Cointerra reference design... you think you can come up with a reliable layout? I am sure someone would be extremely interested considering price point... I mean... $100K can get you to almost 200 THs. That can't be beat!
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