Right, monitoring wasn't part of the plot. We can pull the email from Craig lenell who claims otherwise and post it here if you'd like. You were sent a PSU, just like fuzzy was. And there was no fleeing the country, Josh spent 2 months in china building and shipping miners, making sure it got done. Then went back to Bulgaria for a few months to shut down AMT's outsourced operations there. He also dealt with a divorce and and several other things. "Fleeing the country" is a provocative statement, and made to instigate a reaction. Josh had always lived part time in Bulgaria for the past 6 years due to his former marriage. There was no action of fleeing, he just went home. He ended up getting divorced, loosing his apartment in BG, his wife, and new born kid. You lost 6k? He lost everything.

He's been in Philadelphia since February. The idea that he's fled the country and has a secret mining farm is ridiculous. He's also met with lenell's lawyers in their office face to face on several occasions. AMT's still has the summons and prepared claim, IMET needs to be served and if there is judgement/settlement it will go to repay the clients, so to answer your question, Yes, the idea was to attribute winnings to clients and issue refunds. Reviewing submissions to a public docket doesn't make you an expert on the matter, and listening to a shmuck like Tony Serrata who has is own agenda among other things is ridiculous as well. There is no more AMT, no secret wallets with tons of btc, no one to sue, just a broke guy working as a freelance electrician fixing peoples light switches and home wiring during the day and spending his nights in the bar or on the sofa staring at the bottom of the bottle.

Take what ever money you can afford to gamble with, buy btc and sell between Sept 15-20th. You'll make your 6k back. Or invest in something non-crypto related and open a margin account and long ticker: TZA for the next 2 months, again selling between Sept 15th-20th.
Or sue josh personally, and have his "wages garnished". He'd need to be employed for that one bud. Have you googled his name, if you were an employer would you hire him?

You just got two sure fire ways to make your money back. Use them.

Working on the exceedingly cheap electricity part, but I don't see progress with that for at least a year or two. Magnets can be funny.

Ltek was dragon miner, the factory we used was in cooperation with them prior to their expansion, the software was theirs but modified by Lee group, our subcontractors.

Can you recommend a specialist in scrapping electronics, especially bare pcb boards, gold plated?

Regarding the market... It's already in control by the PTB and that was demonstrated a few weeks ago with new block structure. They are in a position now to utilize bitcoin in the event there is another crisis... BTC has demonstrated stability for over 6 months straight, attracting more conservative financial mindsets and companies, investments have been made into the right companies (outside the country) which are now basically owned by US venture. The new bandwidth requirements cancel out the potential mining monopolization from countries with poor internet connections. And the country which produces the most miners and mines the most btc has the poorest of internet connections. Effectively issuing partial if not soon to be complete control of transaction speeds to western enterprises. Mining operations of the future will exist in countries with the fastest bandwidth...

We've said it before and we'll say it again, this forum was created to aid and assist in the development of the technology necessary to make BTC successful and to monitor and eliminate all potential liabilities or threats to those who may stand in the way, alter the outcome, or could profit more than they should from this business. And to find a few scapegoats and distractions. Most of us have lost everything and have nothing to show for it. Most companies never looked at the big picture, or were often distracted by things which didn't matter. These are all lessons to be learned for ventures to come, that's something we all need to realize. No help or guidance is free, opensource is never better than enterprise because it was created for sole purpose to teach enterprise how to to do it for free in the first place. Android is linux, is it not?

Final note:. Don't buy miners, invest in BTC at an amount that your comfortable with and that wont effect you from paying your bills or taking care of your family... Buy BTC, keep it offline, never in online wallets or exchanges, and when the time is right, usually 60 to 90 days for any good investment, sell.

Innosilicon was the first company to produce a 28nm Asic, they were the only company that seemed to be fair and aided AMT in their time of need. They are ahead of the game in most cases and will most likely continue to be a successful company solely because building asics for miners is not their core business, it was like a hobby for them.

You have the bom and the docs, the same as IMET received. It called for 70% sink on the bottom and 30% sink on the top. The original contract called for ready made modules, in an effort to deliver on time AMT was assured that Bitmine would assist or at least consult during the production process. The alternative was to try and get refund or sue Bitmine at the time, and return everyones money, which wasn't an option anyway because AMT funds went towards Asics and had already been spent. So the only option was the route which was taken and hope for the assistance promised, which rarely happened, if not at all. Either way, IMET was responsible for ordering the values on certain components and skimping on the qty of copper in the board. Despite the lack of assistance from Bitmine, the design worked if it was built correctly. The DCDC and power regulator came from Martin at technobit, who attempted to help bitmine during that time, and was paid for it as well. The problem wasn't in the asics because asics from the same batch, which were picked up from switzerland and brought to america were then taken to china and used in the production there.

Which was not Lketc by the way, that was a different company all together. We used one of the factories that built Inno's miners, and the board which we delivered was different/more improved than the dragon miners. In the end we delivered a working product, and built better ones there after. it was the perceptions of the community and the crap that we got on this forum among other sites owned by competitors like GAW that turned our focus towards larger clients vs individual ones. But all attempts failed.

The problem stemmed from the lack of help from bitmine and the negligence and greed of IMET to bank on commissions from express orders, IMET's lack of attention to detail and greed in commissions on resale of components and PCB's. But mostly, AMT's trust in others, and the focus on distractions rather than the ultimate goal, distractions like this forum and the opinions of a few clients vs the masses. And the court cases and all that, all distractions. A lesson well learned for what ever the next business will be.  

Almost all miners were shipped with PSU's, there were a few which weren't and those went to the very same people that attempted/plotted to help/monitor AMT and then pulled a 180 when we had a real product to deliver. An attempt which was seen from the beginning, not many people spend ours on forum for free. Or insist on helping as much as possible without delivering any real technical assistance what so ever (excluding Fuzzy, who was the only one with actual knowledge of these systems). So false information was given to said individuals in the event an 180 did occur. Effectively make them seem questionable to those that matter which could easily verify what as true or not.

It's not even worth the time of going into it. And AMT is just another failed business to add to the to list of the so many failed businesses. But we were at least one of the few companies that tried to pull it off and eventually delivered a working stable product despite everything else. If we wanted to steal everyone's money and run away and build mines, we would have bankrupted in April of 2014 like Hashfast, who walked with 8 million in customer funds, legally.

We kept the majority of the boards/broken or not from IMET in the event we actually went to court based on the summons we have. Which hopefully one day we will, but without money for lawyers its another useless venture. We should have blown off Lenell's case, blocked this forum completely, and used the funds for the case against IMET. IMET's insurance would have paid out double if not triple, and we would have issued refunds, in that event, lenell would not have had a case (which has been moved to civil suspense btw) and it would have been dismissed. This was AMT's fault and a poor decision on our part, to fight the pending class action or go after IMET.  

That being said, Fuzzy if you have the means to fix them and want to spend the time swapping resistors maybe its worth it to you or the community to pick them up instead of us taking them to scrap.

But I think you did a test with them at one point and of the 8 IMET produced boards you were sent I think only 2 lasted more than 3 weeks or so. Did you ever keep them running or what happened?

In the end, Bitmine's design was stable, but it took a while to get there as Inno pointed out. AMT wasn't updated on revisions and never received adequate support from the swiss as well, this was due to their own chaos of their business, or the fact that they didn't care becuase AMT had already sent their payments to Bitmine, we're still not sure. After reading this thread, some of claims brought against Inno are valid, and some of them against Bitmine as well. Bitmine did have a problem financing the chip, and inno did cover the other half. Inno was subcontracted by Bitmine, and was supposed to and did deliver a reference board as promised. Expansion on that design led to further problems.

AMT had a contract with the swiss, Bitmine was due to originally deliver fully working populated modules by a specific date.  After the delayed delivery of the chips/or more over the delayed in the allowance of AMT to pick up the modules, both AMT and Bitmine went into different productions because Bitmine made it apparent that there was no way AMT was going to get fully working modules prior to bitmine customers, especially some of the larger ones. With assurance of support and help from Bitmine AMT agreed and contracted IMET, which further botched the job through several errors, ordering the wrong values on various components and ultimately taking advantage of AMT's desperation at the time with the suggestion to quickturn all orders knowing the capacity of production wasn't there. Skimping on vital details set forth in the bom like the amount of copper in the boards, while cutting costs to increase their commission.

While this community has made both AMT and Bitmine out to be something ridiculous, both companies did try to deliver a product. Now, poor business decisions were made, bitmine did procrastinate in building the design which was due to the fact that they wanted a working asic before they designed a board around a proto, or so it seamed. In our opinion, this caused the delay. AMT ended up re-promising other's promises and hoping for the best. Bitmine did have problems with the designs, and Inno did have different grades and versions of both A1 and A2 chips. Which is a normal process in asic production by the way. When you produce a batch of asics, some turn out better than others. Design changes of the asics between versions made things more complicated for the pcb designers though, and yes voltage is one of them.

In the end, AMT dropped bitmines design and went to china and Inno helped AMT with introductions to production facilities and connections in order to deliver miners to those clients that would still accept them at the time. AMT understood both worlds by the end of that fiasco, and worked to develop rackmount miners which were affordable, stable and viable at the time. AMT's 6 or 7 avengers (clients that were either paid or just made it hobby to screw with AMT's staff and online rep) made it nearly impossible to sell the new models with limited staff and no budget. So, AMT gave up. Which ended the same way for Bitmine, broke and out of the luck. The problems which occurred between bitmine and Inno and why they occurred were ridiculous, problems created by paranoia, greed, suspicion, lack of funding and false promises, on all sides. The problems which occurred between AMT and Bitmine were mostly due to disorganization, and both parties living through the same shit storm, and one party putting too much faith in the other. While Bitmine made miners and mines, AMT made miners in china and focused on lawsuit which drained over 70k+ in legal fees alone.

Neither Bitmine or Inno acted 100% correctly, but each of them had their reasons as to why they shouldn't. Bitmine procrastinated on the design until the asics and reference board arrived. Inno sold to chinese vendors because they weren't confident in Bitmines ability to pay. Bitmine didn't wan't to pay until they saw a working product.. You get the idea of the argument.

But again, this business was a mistake from the beginning. It's ruined lives, it put business owners and clients in financial burden, its destroyed reputations and families. When a wife a client doubts her husband because he made the wrong choice to purchase a miner, (from any company by all means),  or when the wife of an owner divorces him right after having their newborn for fear of her child's life and her own due to the types of threats and gestures which have been made. One can say this business destroys lives. But I would guess stocks are no different from the client aspect. Despite good faith practices due to competing parties, it has brought the essence of greed out in everyone involved, investors, clients and manufacturers alike. And almost all have either failed or barely broke even. Like we've said before, the only guy's that really made money were the exchanges.

And in the end people still rant and rave on this forum, waiting for the next spurt in bitcoin, getting ready for the next mining manufacturers to trash. While still pissing on those that tried and failed.

Any lawsuit between bitmine and inno wont happen, it's china, no rules apply. So don't waist your time on it. Inno in many ways acted correctly, and Bitmine in many ways acted to the extent of what they felt was justified based on their position, neither acted in a malicious way towards the other in reality, or nothing more than the nature of this business/industry could allow.

The best advise, which has been reiterated on this forum over and over is the following: Don't buy miners, buy Bitcoin.

There will be another cycle of this drama soon, hopefully this time it will be more regulated. BTC and all things around it will start up again mid August, escalating (steadily in price) until the beginning of September. You'll see a steady slow rise in BTC, like clockwork. +2% -1% +2% -1% etc. Between the 10th of September and beginning of October, you'll see a jump not too far off from November 2013.  LTC will fluctuate between 4 and 8 until hits $9.50, and then jump to 14 shortly after it hits that price point, and will stay consistent at a 4.5-5% threshold of the value of BTC as it once did before.

The age of crypto currency is not over, if anything it will be needed more than ever shortly, but to those who mine, sell them, because it'll become more and more regulated over time and profits from transactions will decrease as well as it becomes more monopolized by the PTB. Or keep mining, as long as you have a 100mb connection.

This topic of Inno vs Bitmine, is a useless one. Inno has the upper hand, Bitmine's broke, and their swiss. Plain and simple.

The 100k vs 10k regulator was available at the time. IMET ordered the wrong component, either by accident or on purpose we'll never know, but this was one of the main reasons the boards didn't work. Also the thickness of copper in the board, which was incorrectly ordered as well, both of those were the main reason for the productions failure.

The class action was filed on April 2nd, we still had issues with IMET's productions as well as and promises of success from them as well. The IMET case was filed sometime in May, because we were dealing with the beginning proceedings of the class action. If the class action never exsisted we would have only sued IMET, we would have won and went to China two months earlier and everyone would have received their miners.

You were a mole Tony, you admitted it several times and it was obvious since June. We acted accordingly. Why don't you find a hole like the mole that you are and crawl into it and hibernate for the winter. And let us address the community with out plan of action.

Saying a client's name on a forum once or twice while he says the names of our employees hundreds of time does not violate customer rights. Anyway, we're beyond that. He has 24 hours to delete his crap or his reputation online may be affected. But please know, it will not be any AMT staff, affiliated person, or hired resource of AMT. Just someone that really doesn't like him and how he's treated AMT. You all already know him anyway.

We ran out of money. What would have you done when our glorious customers are purposely ruining our reputation everyday, despite receiving their miners?

FOR THE REAL UNOFFICIAL AMT THREAD #3.  PLEASE CLICK HERE.

https://bitcointalk.org/index.php?topic=830189.0

Rich, pretty hostile these days.

Not to be a dick, but we did send you a few packages with corrupt boards, testing materials and everything else right?

Who's attacking who?  Why don't you delete everything, shut up and play your video games. See we're on their side now. And without your connections and introductions it never would have happened.

You mean the NDA that you never signed? Takes more than one party to make an agreement bucko. Yes it 100% true and no I am not in violation.
That aside, the real IP points are all in the pm chats which even though am NOT legally bound to keep sealed (remember? You never signed anything?) I still am. Professionalism and all that ya know? Scratch that - you wouldn't.
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It was signed by us and exists in our attorney's records. And while we need to work on professionalism, that is for sure, we still do respect you Rich, and we felt above all people you'd understand our actions as of lately. See Rich you've inspired greatness.

No one is threatening your physical well being. Just your online reputation. Things your boss might look at. Or someone evaluating you for a job over the next few months. You have 24 hours to remove everything. Otherwise when they google Tony Serrata it's going to look exactly like it does when they google Joshua Zipkin. Hope the money was worth it pal.

We've always liked you Rich, but if that were a true skype chat wouldn't you be in breach of your NDA? And no one cares about 200 pages of a bullshit skype chat where you and tony are doing most of the talking. Really, who cares? All of the 156 clients that we have? The micro community that's left on this forum?  Again Rich, with respect please do stay out of these distractions or arguments. Ja is there no relief for the son of a window?

Tony Serrata. Just as you have dedicated your days to ruining our name and our business, we figure why not. We formally request that you remove all the crap you've said about AMT, Josh or any opinions you may have had whether good or bad. If you're looking to mend fences, this would be a good place to start Tony Serrata. By the time we're done with our version of an SEO slander, Liz is going to be so pissed at you that.. we'll who knows man. Start deleting Tony, the clock is ticking.  

The IMET proceedings are still on going. The priority was the class action not the IMET suit. If you only have X for legal, you spend X on the most immediate concern. When the class action has come to a resolve, the IMET proceedings will continue.

60% to chips. 30% to IMET. 10% + the Loan to deliver miners.  Bankruptcy costs money, and we thought if the market held we may have been able to pull through. The idea was to get clients something instead of leaving them with nothing.