Official Thread: AMT

[Khanduras]

Also note, as per AMT's Miner Protection agreement, any orders that are not of a 220Ghash miner or higher are entitled to upgrades at this current point in time.

The following link assumes a 128Ghash miner will run at 130Ghash, and as you can see, at $2400, it will NEVER, EVER, EVER make an ROI assuming the network has no jumps in difficulty over 30%. Realistically, we're going to see 40-50 come February. This also assumes we all get the devices today, as if by magic, which clearly isn't going to happen.

Test URL #1 - Power at $0.15/kwh. | Same test, 0 power cost. - Chance of ROI: 0%

Also keep in mind, the longer it takes for us to receive our miners, the chances of a 220Ghash miner losing its ROI potential grow exponentially.  The hardware lead time will also likely be at a minimum of one difficulty change from the look of things. Things are not really looking good for AMT here.

[1715649277]

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[1715649277]

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[Puppet]

The ROI isnt an AMT exclusive problem. The same applies to pretty much all asics out there.

However, I would worry that AMT apparently seem unable to ship even the bitfury/Technobit gear. Those boards are in ample supply (>1000 units last I checked). Plugging them in a mATX case along with a controller (Pi or whatever) and PSU would take what, 30 minutes if you have 2 left hands? Whats the holdup there?

As for the 28nm gear; Bitmine just posted an update. The good news is that their first chip is hashing and apparently meeting spec (25GH and the board, without taking AC-DC conversion of the PSU in to account,  drawing 0.78J/GH, in line with their stated spec of ~0.6J/GH for the chip alone). The not so good news, apart from 20 chips for selected developers, other test samples will go out mid January for a PCB design contest. Think about that for a second, and then consider the chances of Clenell getting his fully populated miner next week, drawing 0.25- 0.5J/GH at the wall from guys that apparently cant manage to hotglue a few off the shelve PCBs in to an off the shelve mATX case.

Yeah, didnt think so either.

[Khanduras]

The ROI isnt an AMT exclusive problem. The same applies to pretty much all asics out there.

It is an AMT exclusive problem when their Miner Protection Agreement explicitly states that everyone who ordered a miner gets a free upgrade if at the time of shipment their order isn't capable of achieving an ROI. They're the only company to do this, and in doing so, have bit off far more than they could chew.

As you said, they're pretty much shoving current-gen hardware that's currently available in mass quantities into desktop computer cases along with a controller of some sort. If they're having a hard time with their current orders, and can't manage to ship them, imagine how far out they'll be with shipment if they have to retroactively issue upgrades to everyone as their Miner Protection Agreement dictates?

This whole thing is collapsing. And fast. If they're under stress now, I can't begin to imagine how hard it will be if they keep waiting any longer.

[Puppet]

It is an AMT exclusive problem when their Miner Protection Agreement explicitly states that everyone who ordered a miner gets a free upgrade if at the time of shipment their order isn't capable of achieving an ROI. They're the only company to do this, and in doing so, have bit off far more than they could chew.

My bad, I hadnt even noticed they had such plan. They seem to have hidden it on their site, for those who didnt see it either:
http://advancedminers.com/miner-protection-plan/
(pro tip for actual customers: grab some screenshots)

A few comments; first of all,  strictly speaking, if your miner mines only one satoshi in 6 months, it will have achieved "ROI". Read the last sentence "ROI is defined as “a return on investment”. One satoshi is a return, even if it works out to -99.9999%. They dont say a positive ROI.

Secondly, the protection program does absolutely nothing to protect you from late shipments. "where your mining cannot meet ROI from the suggested shipment date". Thats right, if they ship 12 months late, and you might have "ROIed" if they had shipped on time, its still your loss. I guess that gives them even more incentive to blattantly lie about "suggested shipment dates".

Lastly, the whole thing is formulated so amateurishly, it boggles the mind. Frankly, it reads like something a scammer would write on a fake website without thinking it through longer than 10 seconds.

[Biomech]

how the frak do u messed up typing your address?? I've never heard of that lolo

Easy to do when ya just moved I got the message the day of an early labor scare (my daughter is imminent) and I was frazzled. I forgot the apartment number.

They got the correction. Just waiting now. I'll keep y'all informed. All this went down on Christmas Eve, so I imagine my fuckup caused a shipping delay if nothing else was wrong.

[FrictionlessCoin]

Looks like the coincraft chips are have been packaged and tested:  https://bitcointalk.org/index.php?topic=291141.msg4234318#msg4234318

Now let's see if AMT can really deliver on the promised shipment dates!

[Mblackout]

AMT Please give us an update!!!

A1 Chips are in hand by bitmine so what does this mean for our 1.2 Ths   

Please update us.   STAY AWAY TROLLS so us who ordered from AMT can get updates.

[clenell]

i would love an update as well.

[terahasher]

i would love an update as well.

Me three.
 

[russellthies]

Me four!!

[majalen33]

Me five

[ISAWHIM]

Me six and seven...

Though, I can wait until after the new-year... which is only a few hours away.

[Khanduras]

I'd like an update as well. Still not any less disgruntled, though.

[FrictionlessCoin]

I also want an update.  Orders #961 #962

[Puppet]

AMT team is too busy to answer customer questions.



Last Active:   December 26, 2013, 07:10:18 AM
https://bitcointalk.org/index.php?action=profile;u=152891

[ISAWHIM]

lol...

That could be a good thing, or a bad thing... We already know they are not super people-persons... (Like a politician is.) They fit the standard profile of a BTC-geek being attacked by trolls. In my eyes, that is a bonus, as person/human, but a negative as a business/entity.

I will see if I can do anything, personally, now that the holidays are all over. To encourage them to come back to this forum, or at-least try to get any non-troll questions answered. Doesn't take much for me to drop my own sarcastic/idiot personality. (Ironically, that was a trait I learned from playing with trolls. For my own personal entertainment. lol. It's a forum, that's what you do on a forum, play with trolls all day, to kill time, while you wait for answers.)

Seriously though, things should start "flowing", now that delivery-congestion and customs-inspections around the world are disappearing and MFG's delays are shortening too. Only thing stopping "sales" at the specific moment is the exchanges limited deposits and withdrawing, due to the Asian holidays, which end on the 6th. That is slowing a lot of automated BTC-pay systems from "completing payments". (The payments go through, but some of the funds don't actually come-through until the holidays end.) That is also why BTC is nearly a flat-line and looks "stable" at the moment, on almost all exchanges. Almost looks like FIAT if you zoom-out on the charts.

[alsey7]

i'm thinking everyone got their miners since the thread hasn't been updated

[ISAWHIM]

i'm thinking everyone got their miners since the thread hasn't been updated

Not yet... Still waiting. Arrival dates are upon us still. (I have over a month left before I get mine.)

Again, not everyone ordering is also a member here. Seems to be about 1% at the moment. Based off order-numbers.

We should do like the other miners have done, and make a new thread with just a list of those who made a purchase, and what they purchased. For simplicity of AMT answering "paid customers" replies to late delivery or incomplete delivery.

[FrictionlessCoin]

Anyone requested a refund and got it?

[Khanduras]

Anyone requested a refund and got it?

I called earlier this morning and requested an upgrade as per their Miners Protection Agreement, since anyone who ordered anything less than a 220GHash miner during the month of December is entitled to, since at the time of shipping (3-4 weeks after ordering) nothing below that would have made an ROI, and if they refused to do so requested a refund. We'll see what happens with it.

Something tells me I won't hear from them, though, as I emailed them about ten times since I placed my order and never got a response. Not a word about my 128GHash or 1.2TH miner. I'm highly disappointed.