Post
Topic
Board Hardware
Re: New Official AMT Thread
by
rik_khaos
on 05/05/2014, 01:19:48 UTC
As unprofessional as this one is about to be, we'd like to get some opinions from the community because the majority of you seem to understand our situation to a degree. Also most of the current thread members have stuck in there, and we know that others which supported us once are most likely still watching, just to see what happens in end. We believe the majority of you knew we had everyone's best interest at heart and never meant for things to go this far south. You've also seen the many curve balls that have been thrown our way and can understand where were at. Others just think we're FOS and want to sue. Either way, it is what it is.  

As transparent as we'd like to be and scream to the world as to why some work and some don't its not the legal moment for that, but it will come in due time. It's not Bitmine's fault if that's anyone's thought btw. We still love those swiss bastards despite their lack of support due to their shit storm. Below are some options we're thinking about offering and above all we are trying to keep it as uncomplicated and as simple as possible. Some of them help us stay in business (like transferring to hosting) others take us quickly out of business, like immediate refunds. In the end we'll choose what seems most viable and whats best for the group. Some of you have helped our company find the answers to problems we didn't see by reading your posts, others have contributed great ideas and advice that made the drawing board/game plan but that were never implement due to the simple factor of too much to accomplish with not enough people and the strategic curve ball or protagonist popping up each week. Some of the members have harassed us, bullied us and tainted our name on google to the point where if you search our company all you'll find is "Scam this and Bitcoin that". Others have spent hours on the phone with us  consulting us and discussing the situation to the point where clear logical objectives became apparent, while others drank with us in person, picked up their miners and helped even further there after knowing where we are at, despite the fact they may have lost. These characteristics of some of these community members counter the loathed trolls that still bother us to this day. All in all, we value you're opinions, and appreciate those of you which have stuck in this with us this far, and please know it won't be forgotten.  It is because of those individuals that we wont declare bankruptcy to get out of a lawsuit, that we'll fight to stay in this and that we'll continue to do our best to triumph in the end.

In most or almost cases these hypothetical options would apply to all customers as a choice. (Again we'd just like to get our client's reactions and what may seem satisfactory)

1. Receive your miner immediately - with a 1.2hash rate or maybe a bit more. Immediately being end of this week.
2. Receive a different design - which is based on individual smaller miners, not in a case per-say, but similar to a Klondike model instead. Again for the hash rate at the time of purchase.
3.Transfer to hosting - order's/miner's to hosted option with a 20% increase, electric being billed monthly or deducted from earning, which would be again be a somewhat immediate (week or so) delivery.
4. Opt in payback. For a 6 month payback program if your order is for 2 miners or less. 12 months if your order is for 3 miners or more. Receiving a check each month for the fractionated amount in suggestion or btc each month for the amount of btc you paid.
5. Receive chips + 10. ie - if your miner was a 1.2th you would receive 50 A1 chips. <- we don't expect many to choose that one and if several do then it may counter previous options.
6. Trade in for script. - If we launched sales of a 10-11k script miner with a 70m hash rate with a 7 day delivery, your orders monetary credit would be applied to that from a price point perspective. With the choice to hold that option as the price decreases in time of course.

Yes the above options are not glamorous, and it wont end in a settlement for 3-4 times your original investment as expected, but neither will the suit which is why we push those negative individuals towards it anyway, because you cant get blood from a stone no matter how hard you hit it. But these are feasible realistic options based on our current fiscal situation, on the market's conditions and on the connections we've made along the way which are willing to help us pull through and stick around, because they too still know what we're capable of if we can get our heads above water. And if we're all fucked anyway due to market conditions and current pricing based on consumer demand, than strategic partnerships encompassing something similar to Nash's game theory, may be the only means of mutual success, and we'll just have to create new markets.










1. Working hardware at the proper rate would be great. It's what I paid for at least and never thought that receiving anything for time lost mining was going to be an option, also though this is a same design what is the expected failure rate of the boards?

2. is this with PSU? are these going to be any more energy efficient. I love the idea of modular type approach. Lets me spread the load over my home's electrical. What is the time line on this

3. Your rep may hurt you here. What is your KW/hr cost? I need to know if the 20% bump isn't going to be eaten up by electricity costs if it's cheaper to just run the 1.2 at home. Then again it saves me some heat and cooling issues in an already warm state. It will keep me from having to run air conditioning constantly. Obviously it's a plus for you as it kills your considerable shipping costs.  Are we able to point the miners wherever we want or are we stuck mining where you choose? Can we choose at a later date to have our hardware shipped to us at our own cost?  If so this seems to be a very fair idea to me. and my most likely choice.

4. Unless it was considered a loan and I get interest then this is a big No Go. This takes no account of opportunity cost we lost out on and I'd need the money now to get up and hashing.

5. No thanks, it just means I'm going to have to pay someone to more work to get me up and mining.

6. No thanks, at this point credit towards new hardware from you is not a viable option. You'll have a rougher time getting people to commit more money to you.



Ranked from best to worst option in my opinion
3
2
1
5
4,6 (tie for equally bad)


Which I would choose.
3 because of its relative immediacy.


How to I return the non working hardware to you for option three?

I know these are "hypotheticals" but do you have a timeline for when you would bring them into reality?