Innosilicon official reponse to Bitmine bankruptcy - Let the evidence talk

[NotFuzzyWarm]

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?

Wish I could but I do not have the time for it nor unless seriously underclocked would they be viable to run anymore unless ya have free or exceedingly cheap electric <cough> If I had that time I'd first undervolt/underclock all my S1's and bring them back online

To get any scrap value, take them to a place that specializes in scrapping electronics. They may not offer much but it should be better than a general scrap company would give.

re the testbed: the one card that survived more than a couple weeks continued to run at 170 GH/s for almost 6 months before giving up the ghost.

The miners finally sent weren't from Ltek? I could swear the GUI has their name on it...

As for Android - no it is not Linux. AFAIK it is more closely related to JAVA. Nor is Android open source. Yes it's OS code is freely available but if used in a commercial device there are (minimal to zero cost) license fees to be paid and you are not allowed to make unauthorized changes to the OS.

Again, good to hear you giving a more honest sounding appraisal of what went down. +1 for that

EDIT: By Jove ja I was wrong - the company name on the AMT miner GUI is Stetc not Ltek.

[1714011999]

1714011999

[dogie]

Innosilicon was the first company to produce a 28nm Asic

Are you sure? The Innosilicon press releases were dated around mid April 2014, where as the KNCMiner Jupiter was shipping in October 2013.

[Syke]

(outside the country)

Speaking of fleeing the country, when are you coming back to the US to face the judge?

[rik_khaos]

It's good to know that he purposely sent me a miner that wasn't complete even though I paid for it. That should help me win a judgement against him. I have no problem taking a trip to PA.

No one plotted to monitor AMT. Josh was in communication with people of his own free will. Hell he engaged me in conversation. However, when he didn't make good on his end of the purchases those who he was talking too refused to be silent about what he said to them, and surprise some of it was pretty inflammatory.

You don't get to take people's money, deliver faulty or unfinished products, and then flee the country while maintaining the moral high ground. "We did our best", though I'm not sure you were really more than a sole proprietorship, isn't good enough. If a lawsuit with IMET would have paid you enough to refund all your customers then why the hell wouldn't you do that? I hope for the sake of potential customers and your potential worker that you never start up a business again. You obviously don't have the chops to run a company.

So you say, "One day maybe we get our lawsuit with IMET." My question to you is, what if you do and you manage to win? Would you refund the people whose money you took? My guess would be no at this point.

You must think you have the biggest swinginest dick in the world to come in here and talk like this. For fucks sake.

[AMT_miners]

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?

Wish I could but I do not have the time for it nor unless seriously underclocked would they be viable to run anymore unless ya have free or exceedingly cheap electric <cough> If I had that time I'd first undervolt/underclock all my S1's and bring them back online

To get any scrap value, take them to a place that specializes in scrapping electronics. They may not offer much but it should be better than a general scrap company would give.

re the testbed: the one card that survived more than a couple weeks continued to run at 170 GH/s for almost 6 months before giving up the ghost.

The miners finally sent weren't from Ltek? I could swear the GUI has their name on it...

As for Android - no it is not Linux. AFAIK it is more closely related to JAVA. Nor is Android open source. Yes it's OS code is freely available but if used in a commercial device there are (minimal to zero cost) license fees to be paid and you are not allowed to make unauthorized changes to the OS.

Again, good to hear you giving a more honest sounding appraisal of what went down. +1 for that

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?

[AMT_miners]

It's good to know that he purposely sent me a miner that wasn't complete even though I paid for it. That should help me win a judgement against him. I have no problem taking a trip to PA.

No one plotted to monitor AMT. Josh was in communication with people of his own free will. Hell he engaged me in conversation. However, when he didn't make good on his end of the purchases those who he was talking too refused to be silent about what he said to them, and surprise some of it was pretty inflammatory.

You don't get to take people's money, deliver faulty or unfinished products, and then flee the country while maintaining the moral high ground. "We did our best", though I'm not sure you were really more than a sole proprietorship, isn't good enough. If a lawsuit with IMET would have paid you enough to refund all your customers then why the hell wouldn't you do that? I hope for the sake of potential customers and your potential worker that you never start up a business again. You obviously don't have the chops to run a company.

So you say, "One day maybe we get our lawsuit with IMET." My question to you is, what if you do and you manage to win? Would you refund the people whose money you took? My guess would be no at this point.

You must think you have the biggest swinginest dick in the world to come in here and talk like this. For fucks sake.

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.

[TheRealSteve]

Innosilicon was the first company to produce a 28nm Asic

Are you sure? The Innosilicon press releases were dated around mid April 2014, where as the KNCMiner Jupiter was shipping in October 2013.

It probably depends a bit on what date one goes with - e.g. announcement to make one - tape out - wafers - packages - use beyond testing.

For the early 28's, I've got...
KnCMiner - 2013-06/07-?? (tape out)** - https://bitcointalk.org/index.php?topic=170332.msg2832504#msg2832504
HashFast - 2013-08-28 (tape out) - http://hashfast.com/tapeout/
ASIC|rising* - 2013-08-?? (tape out) - https://bitcointalk.org/index.php?topic=719143.msg8123564#msg8123564
Innosilicon (via Bitmine) - 2013-10-01 (tape out) - http://bitmine.ch/coincraft-a1-taping/
KnCMiner - 2013-10-05 (use**) - http://www.prnewswire.com/news-releases/576ghs-bitcoin-miner-presented-by-kncminer-at-crypto-currency-con-2013-in-atlanta-226603211.html
Cointerra - 2013-11-08 (tape out) - http://cointerra.com/cointerra-open-silicon-announce-tape-goldstrike1-asic/
HashFast - 2013-12-19 (use) - http://hashfast.com/uniquify-and-hashfast-announce-working-silicon-for-bitcoin-mining-chip-at-tsmc-28hpm-process-node/
Innosilicon (via Bitmine) - 2013-12-31 (testing?) - http://bitmine.ch/first-samples-coincraft-a1-demonstrated-working/
Cointerra - 2013-??-?? (use?)
* unverified, no hardware in the wild
** KnCMiner was as tight-lipped back then as it is now, plenty of unverified claims
Yes, sourced corrections are absolutely welcome, or edit the wiki on Bitcoin ASICs directly.

[NotFuzzyWarm]

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?

Most states and large metros area have several, just check the phone book or do a search for electronics recycling and the state/city. Definitely needs to be close to you to avoid shipping costs!

[rik_khaos]

I most certainly did not receive a PSU.

I have pictures of the miner as it arrived, sans PSU and never received anything after the fact. I was told I'd be receiving a PSU from josh via Skype. Then nothing.

While I am sympathetic to the divorce it is hardly the fault of AMT customers and using them as a scapegoat for a failed marriage is childish. A real man would own up to the fact that his actions caused the problems.

I could care less what Craig has to say, I don't know why you would trust his word now when you haven't at any point in the past, but that is a nice try. You do things only when they are convenient to you.

If you'd like to provide me a tracking number for my missing PSU that you sent I'll be happy to do the leg work.

Yes I loss six grand and I'm glad you admit that, it is as NotFuzzyWarm said it's nice to see even a little bit of honesty. But that has nothing to do with your marriage. I am disabled from my time in the army, but I'm not asking for a pitty party. It was my choice to serve and I live with the consequences as you must with your decisions.

[Syke]

Or sue josh personally

Good idea. Where is he hiding at these days?

[rik_khaos]

Or sue josh personally

Good idea. Where is he hiding at these days?

Right? Didn't he say he was working part time as an electrician, no he doesn't have a job? Sounds like he's working under the table. I'm betting he's not licensed that's not safe, he must want to burn down homes. You saw the picture of my miner, he threatened to burn down Bruno's house with him inside, and now he's doing electrical work. Yikes!

Besides he spends his time in the bars, I can just save him from him self with wage garnishment.

[Inno_ASIC]

Thanks all for elaborating. Innosilicon's job on A1 project was to do the proper ASIC and and ship them to whoever wanna design the miners . By the way, we are free to ship in the open market from day 1 and we never shipped one region with better quality ASIC than another region. Any such claim is just fking lie and malicious. Why would we do that? Never! European region to us, are just as important as any other regions in the world. The two chip Reference board we did for A1 we did was only served to evaluate and demo our ASIC and not for production use. As it turned out, companies like Bitmine had very little prior engineering experience and they are not competent to handle the miner production in the end. All in all, engineering is all about knowledge, process and experience. Hard lessons are learnt and it is never easy to get-rich-quickly if you don't really know it.

BTW, Martin from IMET is a cheater and liar. He begged us to ship him a few thousand ASICs to make boards back in March 2014 and promised to pay later. After ASIC arrived, he disappeared. His A1 Miner was too extreme and too hot to be reliable.  He should not be trusted.

After A1 phase, we did 28nm A2 ASIC PLUS the official A2 Terminator miner design together so that there won't be another Bitmine like miner fiasco which hurt ASIC sales, which was better.

The latest development is that we are moving on to the A3 ASIC and A4 ASIC design already. Both in 14nm and already taped out with over 60% power saving over the 28nm generation. Anyone interested in those are free to contact us. I guess we are the 1st to move to 14nm at this point and we are confident A3 and A4 are both gonna work great.

Thanks all for the spirited debate and sharing. God bless!

[QuintLeo]

KNC announced working silicon on a 14nm FinFet process already in use recently (couple weeks ago? Last week? can't remember offhand).
They've abandoned selling hardware in favor of their own megafarming efforts, though, so VERIFYING that they're actually using their new stuff would be difficult at best.

 You look likely to be the first to the general market.

[TheRealSteve]

KNC announced working silicon on a 14nm FinFet process already in use recently (couple weeks ago? Last week? can't remember offhand).

You're thinking of KnC's 16nm announcements.  BA had announced 14nm, but they abandoned that (if even seriously pursued). LK Group also have 14nm aspirations.

[Dexter770221]

.....
The latest development is that we are moving on to the A3 ASIC and A4 ASIC design already. Both in 14nm and already taped out with over 60% power saving over the 28nm generation. Anyone interested in those are free to contact us. I guess we are the 1st to move to 14nm at this point and we are confident A3 and A4 are both gonna work great.

It's good to hear that you are working on new chips. But numbers are little bit high. A1 was not low voltage friendly. Normal efficiency was ~0.7 W/GH. If you say that new chips will be 60% more efficient that gives as ~0.3W/GH. That efficiency others achived with old and cheap 28nm. I liked to work with A1 and if you decide to sell samples maybe it will be fun to work with A3, but that 60% doesn't look to promising.

[clenell]

It's good to know that he purposely sent me a miner that wasn't complete even though I paid for it. That should help me win a judgement against him. I have no problem taking a trip to PA.

No one plotted to monitor AMT. Josh was in communication with people of his own free will. Hell he engaged me in conversation. However, when he didn't make good on his end of the purchases those who he was talking too refused to be silent about what he said to them, and surprise some of it was pretty inflammatory.

You don't get to take people's money, deliver faulty or unfinished products, and then flee the country while maintaining the moral high ground. "We did our best", though I'm not sure you were really more than a sole proprietorship, isn't good enough. If a lawsuit with IMET would have paid you enough to refund all your customers then why the hell wouldn't you do that? I hope for the sake of potential customers and your potential worker that you never start up a business again. You obviously don't have the chops to run a company.

So you say, "One day maybe we get our lawsuit with IMET." My question to you is, what if you do and you manage to win? Would you refund the people whose money you took? My guess would be no at this point.

You must think you have the biggest swinginest dick in the world to come in here and talk like this. For fucks sake.

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.

you may have a point, with regard to this case and knowledge, with rik but you cant say the same for me. you have a little more time to do what the court has asked you to do. i suggest you do it. you're drinking too much? that's a shame. send me your address joshua zipkin of AMT Miners. Ill be all too happy to send you a bottle of whatever you want.

i warned you a very long time ago not to fuck with me. you still show no remorse for the money you stole. all i hear, to this day, is excuse after excuse. you deserve everything you have coming to you.

your wife left you? that's a shame. the up side is maybe your son will never see what a scum bag his father is. you see... sometimes things do work out for the best.

you have not lost everything yet; but im working on it.

[loshia]

Ha
POSERCOTO ZIPKIN IS STILL ALIVE
hello poserko I am still waiting for my 10 BTC  
I will show some mersy you can send me some crap to review it and I will tell you how much gold can you extract from this shit
------
Josh spent 2 months in china building and shipping miners, making sure it got done.....
-------
You mean fucking Chinese hores, drinking and spending customers money?
I do REALY feel petty for him but I can fully understand why his wife left him if that is true of course.if not and she happen to read this that is the first thing in the morning to be done
-----
AMT shut down outsourced operations there
-----
Do you call ductaping miners outsourced operation
The most pathetic part is that Zipkin poserkoto  was sitting over gold mine for almost a year and instead of being milion are with honest business and a lot of happy customers he is one foot in the jail now ....
There were a lot of pics here from his famous trip to China but I am too tired to look for them. But for sure it was fun trip

I am wandering how is your fat Masson ass lately doing Do you start to feel that sweet ass pain already
Be prepared PSERKO BE PREPARED your colorful friends are eager to meet you in the....jail
Have a nice day poserko

[rik_khaos]

Ha
POSERCOTO ZIPKIN IS STILL ALIVE
hello poserko I am still waiting for my 10 BTC 
I will show some mersy you can send me some crap to review it and I will tell you how much gold can you extract from this shit
------
Josh spent 2 months in china building and shipping miners, making sure it got done.....
-------
You mean fucking Chinese hores, drinking and spending customers money?
I do REALY feel petty for him but I can fully understand why his wife left him if that is true of course.if not and she happen to read this that is the first thing in the morning to be done
-----
AMT shut down outsourced operations there
-----
Do you call ductaping miners outsourced operation
The most pathetic part is that Zipkin poserkoto  was sitting over gold mine for almost a year and instead of being milion are with honest business and a lot of happy customers he is one foot in the jail now ....
There were a lot of pics here from his famous trip to China but I am too tired to look for them. But for sure it was fun trip

I am wandering how is your fat Masson ass lately doing Do you start to feel that sweet ass pain already
Be prepared PSERKO BE PREPARED your colorful friends are eager to meet you in the....jail
Have a nice day poserko

Your posts read like the Iron Sheik's twitter account. Except you didn't tell zipkin you'd break his back and make him humble.

[loshia]

Rik,
Breaking necks hands and threats are his specialty
I am wandering how a pig like Zipkin poserkoto can brake something at all he have to pay for it for sure but here the "boys" who do it do it only in preorder and once in his miserable life he will have to pay 100% in advance   and wait without refund option
Now seriously there were some threats about his family here even his address in Bulgaria was posted. I asked folks absolutely seriously not to act like him and became same scumbags and cowards  Forum history is here and I  will not loose my time to dig my posts regarding this. His wife and relatives have nothing to do with his shits and can not be held responsible for Zipkin actions.

I am positive that everybody me, you and Zipkin of course will get what we deserve someday. The life, good or whatever force is out there will take care and everyone of us will pay for the shits we made in one way or another. Or will be rewarded in one way or another for the good things we have done.  That is how it works and it is not a threat. Life will take care it is just a matter of time.
But for sure if I meet Zipkin in person I will spit in his face and will take all the risk and consequences of what such fat ass can do to me

[opieum2]

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.

Blaming your customers for complaining about non-delivery ? How quaint.

Correct me if I am wrong, but avengers are heroes born of tragedy and tribulation. Those 6-7 people who got ripped off by AMT (myself among them) had plenty heaped on them because of Josh Zipkin (AMT_miners). I think the picture sums things up as to how he sees us. He must think he is ultron or loki or something. I'll chime in more on what new "items" Zipkin has posted once I have had time to read. Took a break from the forum for a while.