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Author Topic: New Official AMT Thread  (Read 149144 times)
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FrictionlessCoin
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June 05, 2014, 07:38:25 PM
 #1841

Sirminesalot - Does not mine a lot.



sad thing is... neither does AMT.

Are you certain about that?  Does AMT have bitcoin miner assets that they are not revealing?  

A total of 60 miners were delivered by IMET to AMT.

Here is a an incomplete list:  https://bitcointalk.org/index.php?topic=463922.0

Which counts to 48 1.2 TH/s miners in the order list.   4 520 GH/s ... equivalent to 2-3 miners.  1 miner donated to Phin.

8 miners not accounted for in the list.  

Out of the 48 + 4 miners,  how many were shipped and working?



Where did you come up with that number, just wondering.

Well you didn't ship miners to a majority of folks on the list.  So you have likely over 20 miners sitting somewhere.


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June 05, 2014, 07:42:48 PM
 #1842

Sirminesalot - Does not mine a lot.



sad thing is... neither does AMT.

Are you certain about that?  Does AMT have bitcoin miner assets that they are not revealing?  

A total of 60 miners were delivered by IMET to AMT.

Here is a an incomplete list:  https://bitcointalk.org/index.php?topic=463922.0

Which counts to 48 1.2 TH/s miners in the order list.   4 520 GH/s ... equivalent to 2-3 miners.  1 miner donated to Phin.

8 miners not accounted for in the list.  

Out of the 48 + 4 miners,  how many were shipped and working?



Where did you come up with that number, just wondering.

Well you didn't ship miners to a majority of folks on the list.  So you have likely over 20 miners sitting somewhere.



Yes we have admitted to having tons of non working boards.
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June 05, 2014, 07:43:52 PM
 #1843

I see the miner protection program is still on the site (not that removing it would change anything, since it was there when orders where still coming in)

Quote
we guarantee enough hashing power to meet ROI and then some, when mining SHA-256 coin. If the networks increases to a point where your investment in our technology is no longer profitable, AMT will upgrade your Miner to the next level Miner absolutely free. We want our clientele to succeed and prosper together with.

Miner protection is automatically applied to all purchases from AMT and is valid from the date 09/26/2013. Although in the future, we may add this as an additional paid option during the purchase process. Purchases prior to this update are covered under the Miner protection plan automatically.

How it works:

AMT will receive your order, if the networks hash rate increases to the point where your miner can no longer meet ROI we will upgrade your miner to the next level of AMT miners.
https://advancedminers.com/miner-protection-plan/

So, how does AMT plan to honor this? Ship 4.2TH machines to 1.2TH customers?



See ROI doesn't have to be a positive number. You can have a negative ROI. The o is on not of. THe smoking gun in the MPP section is "the product upgrade will continue to the next AMT product which is profitable."

That is going to be one of those things they'll look at to see if the contract was made in good faith.

Who is they?
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June 05, 2014, 07:48:41 PM
 #1844

Lol

I love how catty this is getting.

I bet it's been killing clennell not posting on here. I want to know what his lawyers have to say, well and AMT's. 

I'm just wondering how quickly a settlement will be reached, filing was just over two months ago, coming up here on a deadline for a response.

My guess, and it would only be that, is they used the delay to figure out the imet thing to present it to the courts, and licensed the tecnobit design as it a proven one. They show the court they have a miner performing to spec, or you know a viable product.  That should clear the fraud charges but doesn't take care of the neglect and several other charges. The fraud charge would be the one I'd be looking most to beat as I think that could carry more damages if it were to go to trial. Then they would be in a better bargaining position in a settlement negotiation.

This guy..... he's creative. I'm sure Josh will be pissed abut the "cattyness" but that's true, it must be killing him.
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June 05, 2014, 07:49:39 PM
 #1845

Sirminesalot - Does not mine a lot.



sad thing is... neither does AMT.

Are you certain about that?  Does AMT have bitcoin miner assets that they are not revealing?  

A total of 60 miners were delivered by IMET to AMT.

Here is a an incomplete list:  https://bitcointalk.org/index.php?topic=463922.0

Which counts to 48 1.2 TH/s miners in the order list.   4 520 GH/s ... equivalent to 2-3 miners.  1 miner donated to Phin.

8 miners not accounted for in the list.  

Out of the 48 + 4 miners,  how many were shipped and working?



Where did you come up with that number, just wondering.

Well you didn't ship miners to a majority of folks on the list.  So you have likely over 20 miners sitting somewhere.



Yes we have admitted to having tons of non working boards.

I find it hard to believe that the boards don't work. I was able to get my miner working, although it was only 2 boards out of the 5 (maybe not all ASIC are mining) 350Gh/s. The point is it does work. How is it that I could get them to work, but not you AMT? The other 3 boards are smashed up.

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June 05, 2014, 07:50:56 PM
 #1846

Dear AMT , what about order :754. No replies to emails at all . Order miner 6 month ago. Thanks.
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June 05, 2014, 07:53:04 PM
 #1847

Lol

I love how catty this is getting.

I bet it's been killing clennell not posting on here. I want to know what his lawyers have to say, well and AMT's. 

I'm just wondering how quickly a settlement will be reached, filing was just over two months ago, coming up here on a deadline for a response.

My guess, and it would only be that, is they used the delay to figure out the imet thing to present it to the courts, and licensed the tecnobit design as it a proven one. They show the court they have a miner performing to spec, or you know a viable product.  That should clear the fraud charges but doesn't take care of the neglect and several other charges. The fraud charge would be the one I'd be looking most to beat as I think that could carry more damages if it were to go to trial. Then they would be in a better bargaining position in a settlement negotiation.

Timeline:

Feb 02 - IMET starts producing miners for AMT - https://advancedminers.com/amt-starts-production-1-2th-miners/  (note: censored in their main website)
Mar 16 - Bitmine reveals new 12 chip board design. Suspends shipment/ordering of all designs of more that 800 GH/s
Mar ?? - AMT starts advertising 2.4 TH/s delivery by April 1st
Apr 7  -  AMT starts shipping kits without powersupplies
Apr 18 - AMT sends IMET bad check after IMET delivers 300 boards.
Apr 28 - Delaware County consumer affairs recommends contacting District Attorney
Apr 30 - Class Action Lawsuit filled
May 1  - AMT reveals Technobit based board
May 7  - Bitmine reveals 2.4 Th/s system ( 1 month later than when AMT claims to have 2.4 TH/s miners shipping)
May 8  - Technobit confirms license deal with AMT

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June 05, 2014, 07:53:45 PM
 #1848

Its a shitty hand we all got dealt, not just you. You feel that you have lost 6k, we feel that we have lost about 600k, maybe more than that.

So why haven't you filed a lawsuit?

Buy & Hold
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June 05, 2014, 07:55:46 PM
 #1849

I see the miner protection program is still on the site (not that removing it would change anything, since it was there when orders where still coming in)

Quote
we guarantee enough hashing power to meet ROI and then some, when mining SHA-256 coin. If the networks increases to a point where your investment in our technology is no longer profitable, AMT will upgrade your Miner to the next level Miner absolutely free. We want our clientele to succeed and prosper together with.

Miner protection is automatically applied to all purchases from AMT and is valid from the date 09/26/2013. Although in the future, we may add this as an additional paid option during the purchase process. Purchases prior to this update are covered under the Miner protection plan automatically.

How it works:

AMT will receive your order, if the networks hash rate increases to the point where your miner can no longer meet ROI we will upgrade your miner to the next level of AMT miners.
https://advancedminers.com/miner-protection-plan/

So, how does AMT plan to honor this? Ship 4.2TH machines to 1.2TH customers?



See ROI doesn't have to be a positive number. You can have a negative ROI. The o is on not of. THe smoking gun in the MPP section is "the product upgrade will continue to the next AMT product which is profitable."

That is going to be one of those things they'll look at to see if the contract was made in good faith.

Who is they?

They being a court of law, or really in this case a jury if it were to go to trial.

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June 05, 2014, 07:56:49 PM
 #1850

Lol

I love how catty this is getting.

I bet it's been killing clennell not posting on here. I want to know what his lawyers have to say, well and AMT's. 

I'm just wondering how quickly a settlement will be reached, filing was just over two months ago, coming up here on a deadline for a response.

My guess, and it would only be that, is they used the delay to figure out the imet thing to present it to the courts, and licensed the tecnobit design as it a proven one. They show the court they have a miner performing to spec, or you know a viable product.  That should clear the fraud charges but doesn't take care of the neglect and several other charges. The fraud charge would be the one I'd be looking most to beat as I think that could carry more damages if it were to go to trial. Then they would be in a better bargaining position in a settlement negotiation.

Timeline:

Feb 02 - IMET starts producing miners for AMT - https://advancedminers.com/amt-starts-production-1-2th-miners/  (note: censored in their main website)
Mar 16 - Bitmine reveals new 12 chip board design. Suspends shipment/ordering of all designs of more that 800 GH/s
Mar ?? - AMT starts advertising 2.4 TH/s delivery by April 1st
Apr 7  -  AMT starts shipping kits without powersupplies
Apr 18 - AMT sends IMET bad check after IMET delivers 300 boards.
Apr 28 - Delaware County consumer affairs recommends contacting District Attorney
Apr 30 - Class Action Lawsuit filled
May 1  - AMT reveals Technobit based board
May 7  - Bitmine reveals 2.4 Th/s system ( 1 month later than when AMT claims to have 2.4 TH/s miners shipping)
May 8  - Technobit confirms license deal with AMT


Yea that's not accurate, go back and look at some of those dates again. But some are close yes.
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June 05, 2014, 07:57:16 PM
 #1851

Its a shitty hand we all got dealt, not just you. You feel that you have lost 6k, we feel that we have lost about 600k, maybe more than that.

So why haven't you filed a lawsuit?

Against?
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June 05, 2014, 07:58:12 PM
 #1852

Sirminesalot - Does not mine a lot.



sad thing is... neither does AMT.

Are you certain about that?  Does AMT have bitcoin miner assets that they are not revealing?  

A total of 60 miners were delivered by IMET to AMT.

Here is a an incomplete list:  https://bitcointalk.org/index.php?topic=463922.0

Which counts to 48 1.2 TH/s miners in the order list.   4 520 GH/s ... equivalent to 2-3 miners.  1 miner donated to Phin.

8 miners not accounted for in the list.  

Out of the 48 + 4 miners,  how many were shipped and working?



Where did you come up with that number, just wondering.

Maybe you should devulge the actual numbers?

It is beginning to look like you may have kept the working miners for yourselves and shipped all the broken ones to customers.  

You could only afford 60 miners total (strike that,  you couldn't.... you sent IMET a bad check).  Anyway, 300 boards were delivered to AMT (you said it yourself).   So clearly there are miners in the original list that are not accounted for or alternatively you kept those working miners for yourself.



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June 05, 2014, 07:59:30 PM
 #1853

Sirminesalot - Does not mine a lot.



sad thing is... neither does AMT.

Are you certain about that?  Does AMT have bitcoin miner assets that they are not revealing?  

A total of 60 miners were delivered by IMET to AMT.

Here is a an incomplete list:  https://bitcointalk.org/index.php?topic=463922.0

Which counts to 48 1.2 TH/s miners in the order list.   4 520 GH/s ... equivalent to 2-3 miners.  1 miner donated to Phin.

8 miners not accounted for in the list.  

Out of the 48 + 4 miners,  how many were shipped and working?



Where did you come up with that number, just wondering.

Maybe you should devulge the actual numbers?

It is beginning to look like you may have kept the working miners for yourselves and shipped all the broken ones to customers.  

You could only afford 60 miners total (strike that,  you couldn't.... you sent IMET a bad check).  Anyway, 300 boards were delivered to AMT (you said it yourself).   So clearly there are miners in the original list that are not accounted for or alternatively you kept those working miners for yourself.





Where are you getting these numbers from Carlos, your just pulling them out of your ass.  And it clearly looks like your trying to make it look like that.
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June 05, 2014, 08:00:16 PM
 #1854

Its a shitty hand we all got dealt, not just you. You feel that you have lost 6k, we feel that we have lost about 600k, maybe more than that.

So why haven't you filed a lawsuit?

Against?

IMET, since they ripped you off and stole your parts.

Buy & Hold
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June 05, 2014, 08:01:25 PM
 #1855

Its a shitty hand we all got dealt, not just you. You feel that you have lost 6k, we feel that we have lost about 600k, maybe more than that.

So why haven't you filed a lawsuit?

Against?

IMET, since they ripped you off and stole your parts.

Lawsuits are expensive.
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June 05, 2014, 08:01:47 PM
 #1856

Lol

I love how catty this is getting.

I bet it's been killing clennell not posting on here. I want to know what his lawyers have to say, well and AMT's. 

I'm just wondering how quickly a settlement will be reached, filing was just over two months ago, coming up here on a deadline for a response.

My guess, and it would only be that, is they used the delay to figure out the imet thing to present it to the courts, and licensed the tecnobit design as it a proven one. They show the court they have a miner performing to spec, or you know a viable product.  That should clear the fraud charges but doesn't take care of the neglect and several other charges. The fraud charge would be the one I'd be looking most to beat as I think that could carry more damages if it were to go to trial. Then they would be in a better bargaining position in a settlement negotiation.

Timeline:

Feb 02 - IMET starts producing miners for AMT - https://advancedminers.com/amt-starts-production-1-2th-miners/  (note: censored in their main website)
Mar 16 - Bitmine reveals new 12 chip board design. Suspends shipment/ordering of all designs of more that 800 GH/s
Mar ?? - AMT starts advertising 2.4 TH/s delivery by April 1st
Apr 7  -  AMT starts shipping kits without powersupplies
Apr 18 - AMT sends IMET bad check after IMET delivers 300 boards.
Apr 28 - Delaware County consumer affairs recommends contacting District Attorney
Apr 30 - Class Action Lawsuit filled
May 1  - AMT reveals Technobit based board
May 7  - Bitmine reveals 2.4 Th/s system ( 1 month later than when AMT claims to have 2.4 TH/s miners shipping)
May 8  - Technobit confirms license deal with AMT


Yea that's not accurate, go back and look at some of those dates again. But some are close yes.

For the sake of transparency, can you provide a timeline.  


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June 05, 2014, 08:04:44 PM
 #1857

Lol

I love how catty this is getting.

I bet it's been killing clennell not posting on here. I want to know what his lawyers have to say, well and AMT's.  

I'm just wondering how quickly a settlement will be reached, filing was just over two months ago, coming up here on a deadline for a response.

My guess, and it would only be that, is they used the delay to figure out the imet thing to present it to the courts, and licensed the tecnobit design as it a proven one. They show the court they have a miner performing to spec, or you know a viable product.  That should clear the fraud charges but doesn't take care of the neglect and several other charges. The fraud charge would be the one I'd be looking most to beat as I think that could carry more damages if it were to go to trial. Then they would be in a better bargaining position in a settlement negotiation.

Timeline:

Feb 02 - IMET starts producing miners for AMT - https://advancedminers.com/amt-starts-production-1-2th-miners/  (note: censored in their main website)
Mar 16 - Bitmine reveals new 12 chip board design. Suspends shipment/ordering of all designs of more that 800 GH/s
Mar ?? - AMT starts advertising 2.4 TH/s delivery by April 1st
Apr 7  -  AMT starts shipping kits without powersupplies
Apr 18 - AMT sends IMET bad check after IMET delivers 300 boards.
Apr 28 - Delaware County consumer affairs recommends contacting District Attorney
Apr 30 - Class Action Lawsuit filled
May 1  - AMT reveals Technobit based board
May 7  - Bitmine reveals 2.4 Th/s system ( 1 month later than when AMT claims to have 2.4 TH/s miners shipping)
May 8  - Technobit confirms license deal with AMT


Yea that's not accurate, go back and look at some of those dates again. But some are close yes.

For the sake of transparency, can you provide a timeline.  



Lets just go with your close. We're not to concerned with the past as the past has already happened, we need to focus on the future because the future hasn't happened yet. Or has it?
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June 05, 2014, 08:05:28 PM
 #1858

Sirminesalot - Does not mine a lot.



sad thing is... neither does AMT.

Are you certain about that?  Does AMT have bitcoin miner assets that they are not revealing?  

A total of 60 miners were delivered by IMET to AMT.

Here is a an incomplete list:  https://bitcointalk.org/index.php?topic=463922.0

Which counts to 48 1.2 TH/s miners in the order list.   4 520 GH/s ... equivalent to 2-3 miners.  1 miner donated to Phin.

8 miners not accounted for in the list.  

Out of the 48 + 4 miners,  how many were shipped and working?



Where did you come up with that number, just wondering.

Well you didn't ship miners to a majority of folks on the list.  So you have likely over 20 miners sitting somewhere.



Yes we have admitted to having tons of non working boards.

I find it hard to believe that the boards don't work. I was able to get my miner working, although it was only 2 boards out of the 5 (maybe not all ASIC are mining) 350Gh/s. The point is it does work. How is it that I could get them to work, but not you AMT? The other 3 boards are smashed up.

I had 2 of five boards working for a few days then not so much. I'm think it's likely they are sitting on pile of boards that likely will die out shortly. I'd not call that a working product.

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June 05, 2014, 08:05:32 PM
 #1859

Sirminesalot - Does not mine a lot.



sad thing is... neither does AMT.

Are you certain about that?  Does AMT have bitcoin miner assets that they are not revealing?  

A total of 60 miners were delivered by IMET to AMT.

Here is a an incomplete list:  https://bitcointalk.org/index.php?topic=463922.0

Which counts to 48 1.2 TH/s miners in the order list.   4 520 GH/s ... equivalent to 2-3 miners.  1 miner donated to Phin.

8 miners not accounted for in the list.  

Out of the 48 + 4 miners,  how many were shipped and working?



Where did you come up with that number, just wondering.

Maybe you should devulge the actual numbers?

It is beginning to look like you may have kept the working miners for yourselves and shipped all the broken ones to customers.  

You could only afford 60 miners total (strike that,  you couldn't.... you sent IMET a bad check).  Anyway, 300 boards were delivered to AMT (you said it yourself).   So clearly there are miners in the original list that are not accounted for or alternatively you kept those working miners for yourself.

Where are you getting these numbers from Carlos, your just pulling them out of your ass.  And it clearly looks like your trying to make it look like that.

You were delivered 300 boards by IMET (that's what you claim),  so you have around 60 miners to be delivered.  You did not deliver half of those miners,  as indicated by the order list.

Anyway,  the question is,  do you or do you not have miners that are mining on your behalf?  

Are you mining bitcoin using customers mining rigs?

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June 05, 2014, 08:08:11 PM
 #1860

Lol

I love how catty this is getting.

I bet it's been killing clennell not posting on here. I want to know what his lawyers have to say, well and AMT's.  

I'm just wondering how quickly a settlement will be reached, filing was just over two months ago, coming up here on a deadline for a response.

My guess, and it would only be that, is they used the delay to figure out the imet thing to present it to the courts, and licensed the tecnobit design as it a proven one. They show the court they have a miner performing to spec, or you know a viable product.  That should clear the fraud charges but doesn't take care of the neglect and several other charges. The fraud charge would be the one I'd be looking most to beat as I think that could carry more damages if it were to go to trial. Then they would be in a better bargaining position in a settlement negotiation.

Timeline:

Feb 02 - IMET starts producing miners for AMT - https://advancedminers.com/amt-starts-production-1-2th-miners/  (note: censored in their main website)
Mar 16 - Bitmine reveals new 12 chip board design. Suspends shipment/ordering of all designs of more that 800 GH/s
Mar ?? - AMT starts advertising 2.4 TH/s delivery by April 1st
Apr 7  -  AMT starts shipping kits without powersupplies
Apr 18 - AMT sends IMET bad check after IMET delivers 300 boards.
Apr 28 - Delaware County consumer affairs recommends contacting District Attorney
Apr 30 - Class Action Lawsuit filled
May 1  - AMT reveals Technobit based board
May 7  - Bitmine reveals 2.4 Th/s system ( 1 month later than when AMT claims to have 2.4 TH/s miners shipping)
May 8  - Technobit confirms license deal with AMT


Yea that's not accurate, go back and look at some of those dates again. But some are close yes.

For the sake of transparency, can you provide a timeline.  



Lets just go with your close. We're not to concerned with the past as the past has already happened, we need to focus on the future because the future hasn't happened yet. Or has it?

The past is very important here as it provides us whether there was an honest intent to deliver miners.

There are 48 1.2 TH/s miners in the order list and 4 520 GH/s miners.   You were delivered by IMET 60 miners worth of hardware.   Did you deliver half of those miners to customers?

Are you mining with customer hardware?


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