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Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 110. (Read 529056 times)

full member
Activity: 210
Merit: 100
I fail to see how they said the foundry said the CHIPS performed better than expected when they don't have any chips?

Did Andrew Laurus do a runner with the cash?


That is the answer to all questions. Why is that person involved with this company? and how does that relate to offering customers 30% of profits only which there will be none.

I'm wondering if Laurus run a mining farm that maybe he took all the good chips for himself?

Or maybe Alpha-T gave him shares in return for him helping salvage their absolute disaster of a company.

If that's the case, looks like he got a bum deal :p
hero member
Activity: 532
Merit: 500
I fail to see how they said the foundry said the CHIPS performed better than expected when they don't have any chips?

Did Andrew Laurus do a runner with the cash?


That is the answer to all questions. Why is that person involved with this company? and how does that relate to offering customers 30% of profits only which there will be none.

I'm wondering if Laurus run a mining farm that maybe he took all the good chips for himself?

Or maybe Alpha-T gave him shares in return for him helping salvage their absolute disaster of a company.
hero member
Activity: 714
Merit: 500
I fail to see how they said the foundry said the CHIPS performed better than expected when they don't have any chips?

Did Andrew Laurus do a runner with the cash?


That is the answer to all questions. Why is that person involved with this company? and how does that relate to offering customers 30% of profits only which there will be none.

I'm wondering if Laurus run a mining farm that maybe he took all the good chips for himself?
full member
Activity: 168
Merit: 100
I fail to see how they said the foundry said the CHIPS performed better than expected when they don't have any chips?

In polite circles, its fashionable to say someone 'Mis-spoke' …

Or maybe it was the simulation results that encouraged them to say this …

Or maybe it was the need for some positive news …


Its all a lie, a foundry wouldn't know this.
legendary
Activity: 1316
Merit: 1014
ex uno plures
I fail to see how they said the foundry said the CHIPS performed better than expected when they don't have any chips?

In polite circles, its fashionable to say someone 'Mis-spoke' …

Or maybe it was the simulation results that encouraged them to say this …

Or maybe it was the need for some positive news …

It is hard to interpret anything they say or do kindly after all the forum bannings, post-facto editing of terms and conditions and other company statements on the forum, deletion of customer posts on the forum, lack of good will towards customers regarding refunds, absence of transparency into development, missed deadlines etc etc etc

But who knows, maybe Dexcel told them the chips turned out better than expected ...
hero member
Activity: 616
Merit: 500
The Andrew Laurus Story is not confirmed. I think it is just a hoax. Roll Eyes
I revealed Andrew Laurus's involvement in this thread based on public records of shareholders. It is not a hoax.  It is definitely confirmed.  If you want to see a copy of their shareholder records this year, you can PM me.

https://bitcointalk.org/index.php?topic=314402.msg7979406;topicseen#msg7979406

It's still hard for some folks to swallow the load of reality which is this situation.
hero member
Activity: 700
Merit: 500
The Andrew Laurus Story is not confirmed. I think it is just a hoax. Roll Eyes
I revealed Andrew Laurus's involvement in this thread based on public records of shareholders. It is not a hoax.  It is definitely confirmed.  If you want to see a copy of their shareholder records this year, you can PM me.

https://bitcointalk.org/index.php?topic=314402.msg7979406;topicseen#msg7979406
sr. member
Activity: 433
Merit: 250
It is confirmed. Both in the coindesk article and by their Annual return

Quote
2014-07-11 :: Share Holders:
Mohammed Mubasher Akram - 90 Shares
Andrew Laurus - 10 Shares

http://www.coindesk.com/alpha-technology-blames-paypal-dispute-bitcoin-asic-delivery-delay/

Quote
“Laurus is an asset to the organisation with respect to the large projects he’s previously been involved in and the contacts and experience he brings to the table,” said Akram.
newbie
Activity: 28
Merit: 0
The Andrew Laurus Story is not confirmed. I think it is just a hoax. Roll Eyes
newbie
Activity: 36
Merit: 0
I fail to see how they said the foundry said the CHIPS performed better than expected when they don't have any chips?

Did Andrew Laurus do a runner with the cash?


That is the answer to all questions. Why is that person involved with this company? and how does that relate to offering customers 30% of profits only which there will be none.
full member
Activity: 168
Merit: 100
I fail to see how they said the foundry said the CHIPS performed better than expected when they don't have any chips?

Did Andrew Laurus do a runner with the cash?
newbie
Activity: 28
Merit: 0
Some here are saying this si a write off and we should not be hopping mad about it. Well i have a different view on it.

Personally i intend to call the MD to court to explain in detail where the money has gone. I have a friend who is an insolvency trustee in the UK and i intend to get him to help me with that later stage and if/when At does not refund i think he would be happy to become trustee. he would then tear the company to bits and  if there was any wrong doing can refer the directors to authorities.

That is my motivation now.

it is a fair bit down the road and i will keep you all unto date on how things go but there seems to have been serious wrong doings and if they are shuffling money away, or have done, then they are in trouble.

It´s one Thing, wanting them to be punished, IF they were scamming the People, like seeing them go to jail. I totally agree with you in that pont. It´s another Thing, spending moore Money, to hunt for an empty basket, just to be dissapointed again, and to take even moore loss in the End.
newbie
Activity: 26
Merit: 0
Some here are saying this si a write off and we should not be hopping mad about it. Well i have a different view on it.

Personally i intend to call the MD to court to explain in detail where the money has gone. I have a friend who is an insolvency trustee in the UK and i intend to get him to help me with that later stage and if/when At does not refund i think he would be happy to become trustee. he would then tear the company to bits and  if there was any wrong doing can refer the directors to authorities.

That is my motivation now.

it is a fair bit down the road and i will keep you all unto date on how things go but there seems to have been serious wrong doings and if they are shuffling money away, or have done, then they are in trouble.
newbie
Activity: 6
Merit: 0
Chargeback with Barclaycard started for my £405 as Paypal will not help as its past 45 days.

Barclaycard seem aware of "Alpha technologies" and say there will not be an issue with the Charge Back once I fill in their form (snail mail) and send it back with latest correspondence from AT and Paypal Dispute.
legendary
Activity: 1316
Merit: 1014
ex uno plures
But people want CC and they want the prototype and they hold off paying.  This is where everything goes down hill fast.

It didn't take long once the revenue dried up. That speaks tons.
legendary
Activity: 1316
Merit: 1014
ex uno plures

Fiaz's last words were that they weren't planning on getting rid of the forum and he was hopeful that someone would take his place.


The final lie.
legendary
Activity: 1442
Merit: 1000
Antifragile
Just got an email from these guys, in stock (in EU). These appear even more efficient with watts and ship now. Price is also cheaper but it is a 90Mh/s unit so is more up front.

https://www.asic-hardware.com/product/a2-innosilicon-terminator-scrypt-miner-90-mhs/

90Mhs - 2,250 Euro

Quote
1 A2 Terminator Innosilicon unit of 90Mh/s ASIC miner, can vary by a +/- 10%
Single standard form factor 4U server chassis
1 Raspberry Pi computer
1000watt Platinum 80-Plus rated enterprise class power supply unit (PSU)
Only draws 10-12watts per chip (500-700watts total)

Specification:
48 State of the art A2 28nm ASIC chips
High Quality Bench Tested PCB
4U Rack mount compatible server chassis (rackmount rails extra)
Internal 1000 watt PSU’s (draws about 500-700watts depending on hashing rate and overclocking configuration)
Latest energy efficient Power Supply and ASIC chips to give you the highest ROI
USB Port to connect to Raspberry Pi, PC or MAC.
Fitted with high performance fans to keep the processors cool.
Patent Pending thermal cooling system

Terminator A2 Miners are in stock and will be shipped within 24 hours with Fedex International Priority.
newbie
Activity: 36
Merit: 0
It was Alpha-T
Tired of waiting for Alpha-T's new forum administrator?   Wink

Oh noooo... guess i´m done with These guys anyway. And a new Mod could´nt say anything valuable exept bla bla....
Sometimes you gamble and loose... Life goe´s on Wink

Just this.
"Don't spend more than what you are ready to loose to an unknown. Do take calculated risk."

My words Bro

It was definitely a calculated risk without a thought of loss involving consumer protections and rights present even though the company has violated them. The law is on the consumers side in this case, and the customers shouldn't loose their money when it's all done.


Also remember that this startup received I think less than $8,000 from family members and have proven their negligence repeatedly. I didn't know any of that until I came to this thread. If I had read this thread before July 14th when they asked for final payment even though they knew about failed chips earlier in the month, I wouldn't have given them anything. There is not one photograph of any of the pieces of hardware, while 6 other companies have had chips and products being used by customers for 3+ months.


Really, it was a calculated risk on your part?  You just NOW realized that there is no evidence of any sort of hardware or prototype?  You didn't think to look for that BEFORE sending them thousands of dollars?  What surprises me so much about this whole thing isn't the direction this thing took, that was obvious many many months ago.  What still to this day shocks me is the complete lack of any sort of due diligence performed by so many of their customers. 

As for getting your money back, that ship has sailed I think.  Some months ago, when people were here calling them a scam, there was still a chance to get your money back.  It is more difficult to hide assets when you are still actively taking in money.  Now that there is no more money coming in for them, and probably no operating costs either, I am fairly sure they have long since hidden whatever money may have been left.  They ARE accountants after all.  No, you will get your judgement and your court orders and find that the company has no cash or assets to pay them. 

Correct. It was a calculated risk on every customers part at the time of pre-order. All of us realized they had missed their promise of a prototype several months back, but in terms of their partnership with Dexcel being published and everything functioning correctly for months there wasn't much worrying going on. I am not as unfortunate as others and didn't send them thousands of dollars. Half the customers got saved by using credit cards and not having money to pay for it. I did due diligence it just wasn't at the right time or the right depth that would've included reddit topics and this thread which had people calling Dexcel, planning to travel to Dexcel in India, and other locals visiting the businesses and other communication accounts such as their phone being disabled. You are damn right that my own research wasn't as thorough as what was occurring elsewhere, otherwise I would've found out that it was teenagers with a loan from their parents operating out of a shack. I was too busy enjoying life to do any of that of which the others did. Only when the tune changed from "we are on track for a July shipment" to CC ability withdrawn, to absolutely no communication for 2 weeks is when I became heavily involved with every single thing that was occurring every day. That's when I and others discovered every negative red flag action that related to the company and it is sickening.

The child director is not an accountant, nor are the other two employees of the company, nor the 4th that just jumped ship. The only accountants are the dad and his son that distanced themselves from Alpha. I have already secured my Paypal payment through my CC company. I'm just trying to get my poor judgement BitPay payment back, and if it's a loss or comes back in pieces through legal means later on then I'm ok with that.
sr. member
Activity: 350
Merit: 250
It was Alpha-T
Tired of waiting for Alpha-T's new forum administrator?   Wink

Oh noooo... guess i´m done with These guys anyway. And a new Mod could´nt say anything valuable exept bla bla....
Sometimes you gamble and loose... Life goe´s on Wink

Just this.
"Don't spend more than what you are ready to loose to an unknown. Do take calculated risk."

My words Bro

It was definitely a calculated risk without a thought of loss involving consumer protections and rights present even though the company has violated them. The law is on the consumers side in this case, and the customers shouldn't loose their money when it's all done.


Also remember that this startup received I think less than $8,000 from family members and have proven their negligence repeatedly. I didn't know any of that until I came to this thread. If I had read this thread before July 14th when they asked for final payment even though they knew about failed chips earlier in the month, I wouldn't have given them anything. There is not one photograph of any of the pieces of hardware, while 6 other companies have had chips and products being used by customers for 3+ months.


Really, it was a calculated risk on your part?  You just NOW realized that there is no evidence of any sort of hardware or prototype?  You didn't think to look for that BEFORE sending them thousands of dollars?  What surprises me so much about this whole thing isn't the direction this thing took, that was obvious many many months ago.  What still to this day shocks me is the complete lack of any sort of due diligence performed by so many of their customers. 

As for getting your money back, that ship has sailed I think.  Some months ago, when people were here calling them a scam, there was still a chance to get your money back.  It is more difficult to hide assets when you are still actively taking in money.  Now that there is no more money coming in for them, and probably no operating costs either, I am fairly sure they have long since hidden whatever money may have been left.  They ARE accountants after all.  No, you will get your judgement and your court orders and find that the company has no cash or assets to pay them. 
newbie
Activity: 26
Merit: 0
just got this on from my snail-mail refund demand.

"Track & Trace
Delivery attempted

Item AE081262698GB could not be delivered on 05/08/14 10:21 (and no Safeplace option was specified by the addressee). A"something for you card" will have been delivered, the item will be returned to SOUTH MANCHESTER pending instructions from the addressee. You can arrange a redelivery online, call the SOUTH MANCHESTER office to arrange a re-delivery, or collect the item from SOUTH MANCHESTER by bringing proof of identification and address."

About right they are not even there at their registered address! Quality outfit. Well they have my email copy and theta is a "durable medium" now so the it does not matter either way they have been notified.
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