Search content
Sort by

Showing 20 of 29 results by russellthies
Post
Topic
Board Hardware
Re: AMT order list
by
russellthies
on 21/02/2014, 02:44:03 UTC
Order 541, Oct. 23 1.2 TH/s
Order 798, Nov. 29 1.2 TH/s
Post
Topic
Board Pools
Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
by
russellthies
on 17/02/2014, 19:07:51 UTC
Me too, unconfirmed rewards are at zero, while there are 6 blocks showing rewards under block stats.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 29/01/2014, 04:43:12 UTC
Cointerra also delayed, albeit only by a month.  Their first miner was shipped today, according to Coindesk.  Originally the goal for their first batch shipment date was "late December", all things considered, that's pretty good.

Also, their goal of reaching 2 terra hashes with the Gold Strike 4 miner has come up a little short (1.7), while the power usage is higher than hoped for, 2000 watts as opposed to 1650.

We miners must understand that these companies (AMT included of course) do not have a history of producing the product we're buying, therefore, they can only give us their best estimates on delivery dates, production levels, power consumption, etc.  It's just the way it is, and actually somewhat understandable if you've ever tried to estimate how long it would take to do something you have never done; almost always off by a wide margin.  Undecided

I had thought that Cointerra was the most experienced manufacturer of them all,  for them to miss their technical targets doesn't bode well for everyone else.

My gosh... 2000 watts!   So we should expect the 1.2 THs to be around 1200 watts.   Maybe I should stick to GPU mining!

I definitely would not give up on the gpu's, particularly when considering the long game.  I have about 5k invested in gpu miners and 5k in in BFL asics.  The gpu's are now outproducing the (65mm) asics!  Of course I accomplish this by mining dogecoin, with the gpu's, and then trading back to bitcoin.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 29/01/2014, 04:29:26 UTC
Cointerra also delayed, albeit only by a month.  Their first miner was shipped today, according to Coindesk.  Originally the goal for their first batch shipment date was "late December", all things considered, that's pretty good.

Also, their goal of reaching 2 terra hashes with the Gold Strike 4 miner has come up a little short (1.7), while the power usage is higher than hoped for, 2000 watts as opposed to 1650.

We miners must understand that these companies (AMT included of course) do not have a history of producing the product we're buying, therefore, they can only give us their best estimates on delivery dates, production levels, power consumption, etc.  It's just the way it is, and actually somewhat understandable if you've ever tried to estimate how long it would take to do something you have never done; almost always off by a wide margin.  Undecided
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 23/01/2014, 03:10:08 UTC
Yep, chips this week, then start shipping within 7 days of receiving them.  The day they get the chips is not in their control, but the shipping is. 

That said, it is my hope they get stuff right and don't rush stuff out before it needs to go.  I certainly hope that things start shipping out next week, but of course I want it to be right.  There is a lot more lost time in shipping a product not ready to go out, than in taking the time to get it right before it ships in the first place.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 17/01/2014, 04:20:13 UTC
Everyone that gets a 1.2 miner will more that double their investment (and that's at current pricing).

Keep dreaming.

A 28nm chip operating over a 6 month period to double it's return...a dream?  I guess we just have a very different assessment.  My 65nm chips are still making me $70 a day, two months after getting them, and I have already double my money.  Dreaming?  That's all some ever do, and they live with the result....they have their dreams.....and that's about it.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 17/01/2014, 03:40:28 UTC
Ok, I've read a lot of things about AMT on this forum, mostly negative.  At first is was that they were a scam, which turned out to be false (sorry Puppet).  Now I am reading about their lack of communication and poor customer skills.  I'm not posting to refute these assessments.  But I will say this:  For those that ordered a 1.2 ths miner, I believe you will be more satisfied, in the long run, that those receiving their miners now.

Yes the wait SUCKS, especially when you expect something much sooner.  But in the end, for my own sanity, I force myself to look at the long play.  28nm chips will be viable for a good six months and up to a year.  Everyone that gets a 1.2 miner will more that double their investment (and that's at current pricing).  You can't say that for folks getting their miners now.

The last thing I'll say is that one should look at their investment decision, alone, without comparing it to another investment (mining company) they could have invested in.  Why do I say this?  We make the best decision we can WITH THE INFORMATION WE HAVE AT THE TIME before we invest.  There will always be an investment where we could have done better, but that's with stocks, real estate, cyber money, you name it!

I have a choice.  I can wish I had got my AMT miner in December, made 20k already, and be mad about it, or I can assess what I think I'll make over the next year once I get my miner in February, and ask myself how I'll invest those proceeds.  I choose to keep my sanity and focus on the later.  But I understand the desire of folks to express their great frustration here, in large part probably because of a lot of other things going in their life that's also very frustrating.....but they can't blame AMT for those things because their own decision making brought that about....they just want the windfall (please perform AMT) to make it go away.  Wink
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 13/01/2014, 21:54:09 UTC
Regarding the case:  What I would like to see (with the 1.2 th/s rig) is a shell that encases the system for shipping, but that can be easily removed when the unit is placed in a safe place for operating.  Once removed the chips are open to the air and a fan can be used to evacuate the warm air from around the rig.  This makes for a happy operating rig.  Forget the fancy shell, as long as it hashes, that's all that matters.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 13/01/2014, 02:07:18 UTC
AMT updated their website.  For all Bitfury miners they are now showing acutal miners and not cad images.  Yeaa!!   Still not the miners with A1 chips Sad  but from the forum thread they should have A1 chips in the next two weeks.   Yeaa

WHo will ship first AMT or Cointerra??? 

I have Early jan batch of AMT 1.2 (which is over due) and Feb batch of cointerra.  I wonder if cointerra can deliver ontime since they have not even started shipping.


I'm in the same boat, waiting on both Cointerra and AMT.  My Cointerra rig is supposed to be in their second batch ("early January").  Their first batch was titled "late December", which of course did not happen.  Considering that Cointerra posted the testing and diagnostic of their chips on the 7th, I would think they have the upper hand and will ship first.  My bet is that Cointerra's first batch will be ahead of AMT by about a month, based on where they are with their chips.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 08/01/2014, 21:53:50 UTC
I did speak to AMT the other day.  Jim confirmed they ware waiting for the A1 chips to arrive before the 1.2 TH miners go into production.

no eta provided.

at least he answered you  Shocked

I have accepted that this process (ASIC hardware manufacturers taking orders, accepting money, and claiming delivery dates that are never met) is pretty much ASIC industry standard.  I have posted multiple times on this forum about my having to wait 7 months on BFL, at least 4 months late.  Of course everyone knows about AMT on this forum.  I am also waiting on Cointerra, which originally gave their first two shipment windows as "Late December and Early January", neither of which appear about to ship.

I am not posting this to be negative, but to point out that it truly appears to consistently be a much greater challenge to pull off the "planned" ASIC hardware delivery time than the manufactures initially envision.  A lot of this has to do with product delivery; of course AMT cannot deliver the 1.2's until they get their inventory.  If any link in the chain breaks, there is yet another delay.

However, all that said, there is a positive note to all of this (as minimal as it may seem now):  A 28nm ASIC will be a good income stream for quite a while, as long as Bitcoin remains financially viable.  In the short 10 months I have dabbled in this business I have come to realize that this is becoming a long-term business plan on my part, not a get rich quick scheme.  The market has a way of spreading out the money, but for someone that has long-term vision, a very, very strong income stream within 6 to 7 months of investment is very doable, and I have no reason to have my lip stuck out over that time frame....that's lightening speed in today's business investment world, not to mention the incredible rate of return!

So, as I "watch" people go bananas over their order(s), thinking about this as a long term business plan helps keep one's sanity.  Wink

Post
Topic
Board Hardware
Re: AMT 80 GH/s miner review.
by
russellthies
on 08/01/2014, 16:24:20 UTC
Sorry,

orrible review.

4 minutes to open the box is not interesting.  Roll Eyes

Patience. I'll be doing a hell of a lot more. With far better video/snapshots too. My son really wanted to help. His help is a bit shaky, he's only 7 Smiley

I figured it would satisfy him and show the world that I actually got the thing.

In unrelated news, but relevant to why I'm taking my time, My daughter is due to be born in a few days. That likely will take precedence over filming and editing.

Congratulations!  I have a daughter due in April.  Take a break for a few days, but please, obtain and post the watt usage beforehand if possible!
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 04/01/2014, 01:12:37 UTC
Well we ordered a 1.2TH too. Wire transfer only. That was before I found this thread.

I'll definitely be looking out for any of the orders a few posts above if they arrive!

I've ordered two of the 1.2's, and my first order is #541.  I have designated it as a local pickup, so I will let the forum know something as soon as I know.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 04/01/2014, 00:44:45 UTC
I do hope they get you your machine very soon. 

Send the hope to someone else (or maybe you meant it generically).

I have an unnatural aversion to funding someone else's start up company and not getting equity in return.  I prefer to be an investor or a customer. I've never been nor do I ever plan in being an investomer.  Admittedly this has kept me from purchasing any BTC ASIC miners but I can live with that and so can the coins that will stay in my wallet for the time being (and I'll add a few more friends for them with my GPU LTC rigs!).

Well I can certainly understand that!  But there is a flip side to that coin.  I invested a good bit in BFL miners and it took me 7 months to get my hardware!!!  So I was going crazy about lost revenue.  But looking back on it (even with that long delivery time) I have now mined enough coins to double my investment, and they are still mining away, making me over $70 a day at today's pricing and difficulty.

So, now to AMT:  Yes this is a roll of the dice, I admit.  But I am starting to feel good about my roll.  Yep, I sent coins out of my wallet to invest, and your coins are still in your wallet....but I feel good about my bet, and I got a hunch (all things being equal) I'll have a lot more coins in my wallet in the long run than you have in yours....but only time will tell....Biomech will know where I stand soon enough!!  Of course my gpu's have served me well with scrypt mining also, so that's not a bad decision on your part I suppose, certainly a lot more easy on the psyche.
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 04/01/2014, 00:05:45 UTC
Update.

Jim at AMT has just sent me a tracking number. I should be receiving the unit today, according to UPS. Being what a crazy day it's going to be, I probably won't be able to update anyone beyond that till after the weekend, but I will do so as soon as possible.

What did you order?  When did you order it?

Can you send us photos when you receive your unit?

He didn't order anything, AMT is giving him one to review for the forums.  Seems like he will get a demo unit (presumably to help drum up sales for AMT) before paying clients get there already late units.

Don't kill the lucky guy, eh? I really didn't solicit this. I'd be lying if I said I was unhappy about it, but I ain't trying to do any harm.

I apologize if  my post gave the impression you solicited this or you where trying to do any harm at all.  I was merely attempting to point out that the company prioritized a demo unit ahead of using those materials for a paying clients already late machine.  A little BFLish IMO from the company, nothing against you mate!

Oh and http://dustcoin.com/ has a list of some of the SHA256 alt coins, good luck and happy hashing!

It's all good. Thanks for the info, and I do hope they get you your machine very soon. I honestly think they are just in a bit over their heads rather than trying to do anything underhanded. They have no guarantee that my review will help them, either. I hope the machine is cool, and that they are able to get every one of their customers satisfied. Cuz if those are both true, I will be a paying customer in the future. I wanna see an American ASIC vendor that doesn't stink of BFL.

Do right by BOTH AMT and their customers (current and potential) by being objective, looking forward to your review....although I have to admit to being a bit jealous, particularly considering what I have invested in this!!!!!!
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 03/01/2014, 23:17:59 UTC
Well my first order (1.2 th/s rig) is in between the two of you, order 541.  Can't wait!!!  Grin
Post
Topic
Board Hardware
Re: Official Thread: AMT
by
russellthies
on 01/01/2014, 01:56:02 UTC
Me four!! Shocked
Post
Topic
Board Hardware
Re: Official Thread: Advanced Mining technology (AMT)
by
russellthies
on 19/12/2013, 16:25:26 UTC
You see, you see!  That's part of the scam as well.  AMT is paying google to be placed at the top of the search, to reel in folks like you.  It's all part of it the grand scheme!  Not to mention they have most of us working for them (including Bitmine), we're actually all in it together!  Clenell, how much have we brought in so far this week?
Post
Topic
Board Hardware
Re: Official Thread: Advanced Mining technology (AMT)
by
russellthies
on 18/12/2013, 22:31:13 UTC
First of all, Id like to point out that what I wrote where verifiable facts (granted "astonishing" is kinda subjective). There is a very large number of newbie (~2 weeks or less) posters in this thread and the vast majority of them came almost directly to this thread, are posting almost nowhere else and they make up almost all of the "confirmed" orders.  Is this in dispute? I didnt think so. Does this mean I accuse every newbie poster or any particular poster of being a paid shill ? Only if you cant read or think.

Now, what conclusions you can draw from this observation is up to you. It could be coincidence. It could be that AMT is paying people to post in their thread (wouldnt exactly be the first time), it could be fake aliases to promote a scam. Its however telling that no one is coming up with non conspiratorial explanations, even though there could be some. Isnt it deeply ironic that from the stated observation, you all seem to draw the very conclusion that you accuse me of making?

As for the connection with Bitmine; considering how light on facts the statement by bitmine is, there could be a gazillion explanations. AMT signing a check (if that) or signing a contract with bitmine, doesnt exactly guarantee its customers will receive what they expected and when they expected it. Note that their Russian distributor is/was 50BTC. Good luck if you place your order there.



The things you mentioned are reasonable considerations.  I decided to remove doubt about myself by attempting to post a picture of my orders on the AMT website, and then had trouble posting the picture, at which point I realized it would do little to help because I am only one of the many questioned, and once I validated my claims, then it would viewed that I have merely been had like so many others.

One thing that I think needs to be understood however.  When I was waiting on my Butterfly Labs order, I was constantly going to "Jody's blog" to check on the status of shipments.  I was there all the time looking for every little bit of information like a thirsty deer panting for water.  After I got my miners, I never went back to the blog....I didn't care about that anymore.

I think people reading this blog are much the same.  WE WANT INFORMATION SO BADLY.  Once we have our stuff, many won't want to bother with the forum anymore.  Now that's not supplying anything to prove against a scam, however, that does go a long way to explaining why people getting their stuff may not be motivated to supply us deer with water.
Post
Topic
Board Hardware
Re: Official Thread: Advanced Mining technology (AMT)
by
russellthies
on 18/12/2013, 21:27:52 UTC
i'll admit -  i do kind of feel like a fucking cheerleader. if i'm proven wrong so be it. i just don't want to hear a bunch "senior" posters spewing a bunch of crap based on pure speculation. if you have some facts by all means lets hear it. puppet on the other hand has absolutely nothing and went too far.

Yea, I feel the same way.

Oh, and by the way Clenell, can you man the ship for a while (watch the forum, payment scam system, and emails)?  Jim and I need to go out for a while and catch up on our Christmas shopping with all the extra cash we've been hauling in.
Post
Topic
Board Hardware
Re: Official Thread: Advanced Mining technology (AMT)
by
russellthies
on 18/12/2013, 21:12:14 UTC
"crickets"

He's offline right now cooking up his response and "investigating".