When I ordered back in November I thought the original delivery date was extremely aggressive but I was repeatedly assure that the dates were good. I honestly expected delivery in early February and I would still have made money. I also have a butterfly labs miner on order (at heavy discount due to their previous late deliveries). They are also 5 months late but they are going to deliver approximately 400% of the hash rate they originally offered (and have offered 100% refunds).
I understand that AMT may not have the money to offer 100% refunds immediately (this would be my preferred option at this point). I would take the the 6 months payout if I believed that I had a good chance of receiving the money, but I don't.
Not delivering a power supply and offering no refund for that cost is crazy.
Personally I think AMT should offer at least 3.6TH to replace the 1.2TH ordered. The difficulty has actually risen 8 fold since January so a threefold increase in performance is not even meeting us half way.
I do understand the difficult situation these guys are in, equally they should have some recourse to their suppliers (for example by receiving free chips from the chip designer).
I look forward to seeing some suggestions from AMT that give us some hope of a return of funds which they are required to offer by law.
I have brought things on Kickstarter and I understand the dangers of that type of purchase. This purchase was not made with those caveats and should not be subject to those risks.
I have to this point been extremely patient and generally supportive of AMT but I believe their current suggestions for resolution are a prime example of too little being offered.
+1 well said. I also think providing a 1.2T would be only 1/3 compensation at this point in the game. I think you are not alone, many of us feel because of the price drop an additional T's should be added, especially since AMT claims to be sooo good and have the best chips ETC. If companies that they (not us) think are not so good, like ANT S2 selling for $$2500 for 1T . They should be able to do much better and back up their claims of being so good and give is 3T for our $6000. They are talking out both sides of their mouth, on one hand telling us how they are better than spondoolies (which is not last years design but brand new design by the way); yet the don't want to beat their pricing. I am not even taking in account all the bitcoins we lost either.
Exactly, they have not delivered anything on our $6,000 purchase. If they are to deliver anything now, then they should deliver something that is worth $6,000. At current rates that at least a 3 THs system.
The fact that they have not changed the prices on their website appears to be a way to hide the reality that a 1 THs system can be bought for near $2,000. Yes, the defense lawyers are in on this scam by 'recommending' that the truth be manipulated. Is there any way to sue their lawyers as being accomplices?
If they could deliver us 6k worth of hardware they could just give us the 6K back in cash, so that seems not to be an option.
I think the lawyers are probably right on this one. If they start changing prices on things to lower them then we are going to counter with now you owe us more in hardware based on current prices (this is obviously ignoring the MPP entirely). If they keep the prices where they are they can say they are giving us the hash rate at the advertised price that we paid. Shitty but smart legal move. We aren't talking market value here we are talking about advertised cost. There was a +/- 10% variance listed as well. So to be within their advertised hashing power they need to deliver at a minimum 1080 GH/S.
Obviously this doesn't take into account the advertised shipping date.
I'd be happy to receive a 7 BTC immediate refund, which would give me $2,961 in refund it's cheaper for them than a over time 6K pay back and it allows me to buy 1.321 TH worth of hashing power on PB mining tomorrow.