I would also gladly settle for a refund in terms of a 1 years 5.8TH mining contract as long as that contract started within the next 2 weeks (i.e. before 7/16/2014)

But you said you had filed in the court of common pleas. That is why I am confused

AMT

You have said that they owe you over $200,000 and yet the bucks county court of common pleas only has jurisdiction up to $12K. Are you sure you are in the right court?

In case my previous posts were not clear enough I want a full refund (in full no 6 months waiting) as mandated by law order number 656. I would be happy to take 10BTC. I have created an account for AMT to send me the BTC at 1NzyN1JbBZNu7g75soAnZQjAAKnUTdi7A5 that way the delivery of the refund will be transparent.The offer to accept 10 BTC holds good while the value of 1BTC>$520.


Edward Rothman

Sounds wonderful. For those of us who ordered back in November  I assume that this policy statement covers us and that we can expect equipment within 10 days of the promulgation of this policy as stated in this forum. Really guys yet another own goal please try harder some of us really want to like you and making statements that actually come true will go a long way towards that.
I look forward to receiving my equipment on 6/15 or at the worst 6/20 (p.s. I live in TN not NZ!)

Edward

Same for me

When I ordered back in November I thought the original delivery date was extremely aggressive but I was repeatedly assure that the dates were good. I honestly expected delivery in early February and I would still have made money. I also have a butterfly labs miner on order (at heavy discount due to their previous late deliveries). They are also 5 months late but they are going to deliver approximately 400% of the hash rate they originally offered (and have offered 100% refunds).
I understand that AMT may not have the money to offer 100% refunds immediately (this would be my preferred option at this point). I would take the the 6 months payout if I believed that I had a good chance of receiving the money, but I don't.
Not delivering a power supply and offering no refund for that cost is crazy.
Personally I think AMT should offer at least 3.6TH to replace the 1.2TH ordered. The difficulty has actually risen 8 fold since January so a threefold increase in performance is not even meeting us half way.
I do understand the difficult situation these guys are in, equally they should have some recourse to their suppliers (for example by receiving free chips from the chip designer).
I look forward to seeing some suggestions from AMT that give us some hope of a return of funds which they are required to offer by law.
I have brought things on Kickstarter and I understand the dangers of that type of purchase. This purchase was not made with those caveats and should not be subject to those risks.
I have to this point been extremely patient and generally supportive of AMT but I believe their current suggestions for resolution are a prime example of too little being offered.

Ok so how about some realism

1) They have shipped machines and they do work (see Biomechs excellent review if you don't believe me)
2) They received the coincraft chips they need for production at the end of Jan
3) They have told customers many times that they are using an outside company to do the surface mount
4) 2-3 weeks is a realistic time frame to have the boards made and machines built (esp if the machines are ready for the boards)
5) Why anyone would doubt $150K of chips over $5K of cases is beyond me

AMT do exist
They have shipped product
They are coincraft's US distributor
They have chips

No they are not crooks they are geeks who did not fully recognize what they were getting into. They seem to be doing what they can to deliver a good product quickly. I look forward to receiving mine RSN (order #656 for those keeping count).

Still a lot better than my BFL Little Single (now sold) that ran 150W for 30GHS

Works for me. You have to go into your page and create a signed message with your merged mining details

(1) How many chips did they order from Bitmine.
I am sure they are not likely to reveal this number but since they have been batching their promised delivery dates I believe it is fair to  assume that they are expecting deliveries in approximately the sizes of their batches
(2) How many 1.2 THs systems did they sell to customers.
If I were them there is no way I would publish this information. BFL haven't and I doubt any other manufacturer has
(3) Are they ordering logic boards from Bitmine or are they creating their own.
Again seems like a trade secret to me. If I were them I would buy a few boards for the initial machines and then have the rest made here  from that design to cut down on their shipping costs
(4) How many logic boards do they have waiting to receive chips?
This seems like a trade secret to me but given the minimal costs of circuit boards (and the minimal on costs when producing  large run) and the costs of delay it would not surprise me if they had enough to meet at least 3 months of demand
(5) How many cases and power supplies do they have ready?
Since they are buying these off the shelf I doubt this is a rate limiting step
(6) Who is their assembler and how many people do they have in staff?
What business is this of yours again it seems to me that they batched their production and it is either limited by supplies of labor or chips either way if the first machines are 2 weeks late expect the last machines to be no more than two weeks late
(7) How many people do they currently have in staff?
If, as you suspect, they are subbing the work out who cares?

Really now that they have delivered multiple machines (including one for review) I think it is fair to say that:
1) They exist and are not just rip off artists
2) They are reasonably competent engineers with some very poor skills at customer service
3) Their delivery of the 1.2TH machines is being slowed by delivery of the chips which is beyond their control (although yes it would have been better if they had checked once we started noticing the delays from bitmine)
4) Their are an awful lot of trolls in this forum who are even more dissatisfied now that AMT are proven real and they missed out on early orders  than they were when they had hope that they were a con
5) We would all be allot better off hoping that AMT would make, say, a weekly blog post about status than creating all this nonsense on this forum.

Congratulations. Your review is fine and certainly thorough enough. I particularly liked the included link to your Eligius page (p.s. if you haven't already sign up for the nmc merged mining, its not much but a little extra cash for no extra effort is nice). I first started using Eligius when the pool was at about 1TH I think. Shocking to see how it has grown. When my 1.2TH unit comes in it will be less that 0.1% of the pool ROFL. Welcome to the fun world of bitcoin mining and the 24/7 hamster wheel of upgrades.

<<Full disclosure 1) I am a customer of AMT (but have yet to receiver equipment 2) Biomech and I have been conversing  privately for a few weeks>>

Actually only fraudulent if they knew it to be untrue. People in the US tend to think of VAT as sales tax and they do not understand that when they ship from here people there still have to pay the tax. I think you should use the term ignorant as opposed to fraudulent. Too many inflammatory terms are being throw around here.

VAT is interesting. You are correct in that someone has to pay the VAT on everything purchased in Europe. This usually occurs at customs. However VAT is a value added tax (hence VAT) which is subtly different than a sales tax in that as a business you get to deduct the VAT you pay on goods from the VAT you return to the government assuming that the goods are being used for a valid business purpose (and mining bitcoins is definitely a valid business purpose) so if you have to charge VAT on your services or anything else then the VAT will probably be a wash. Also if you sell your miner second hand in the EC you can recoup your VAT then.

VAT is not simple and I think AMT has taken a rather simplistic approach which will probably turn around and bite them, however I do not believe they having willingly lied about this I think they have been ill advised or viewed it like shipping items out of state here (now when you ship out of state in the USA the vendor does not have to collect sales tax for the state governments, however in theory everyone is supposed to pay sales tax voluntarily to their state government when they bring such items in state, this is almost never done)

7HTwr81f27qcyMSmwYB3uSxJf9NypNxBQK

thanks

D9qZrH6TtMhezMW9ChyaQsfWscKaSo548f
Much good

LsFRtZm63yyn5NWjbJ3gytjJmdY5gAEoer

Thanks

Does this help convince you

Status: 514 confirmations
Date: 12/22/2013 14:49
To: netflix4btc 1BKaxcSEoKYWsvJVeFd5EqNWvZzEkve51w
Debit: -0.03132911 BTC
Transaction fee: -0.0001 BTC
Net amount: -0.03142911 BTC
Transaction ID: b10fc77562a051e526000a6cd72f0f3c2102cd9a1a665be609f7bd4e2e9179d7

Hey don't insult me. If you notice I carefully documented both the good and the bad of dealing with these people. It is a very strange plant if it is one. I am not sure how I can assure you I am a real armslength individual other than to ask you to look at my posts, some on the newbie board and some on the rather contentious AMT thread.

I came down pretty hard on netflix4btc in the first place but they delivered in the end and thus I take umbridge at your lack of trust in me

Third time is the charm.

The third code they sent me provided a '100% discount for 12 months' on my Netflix account.

Thanks for all your hard work not sure what happened the other two times.