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?
Actually legally they cannot touch anything. They also stopped orders on hardware...because they are not taking any new orders they are at least in compliance of that. By them changing the website they would be in defiance of a court order, its the functional equivalent of shredding the documents. This is just the legal aspect. And also good luck suing lawyers lol. Generally speaking unless there is really good cause for it, other lawyers and judges view it as poor form and throw those cases out as frivolous. The lawyers are paid to consult and advise to avoid making a legal situation worse. In this case defense. A plantiff's lawyer....the class action, for instance advices the registered plantiffs what actions to take/not take. In this case the registered ones have stopped posting in public forums on the likley advise of their lawyers.