Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 188. (Read 529107 times)
June 12, 2014, 08:07:40 AM
July is fantastic news. So excited for a low heat summer.
June 12, 2014, 07:37:14 AM
i sent them an email 2 days ago to cancel my order that i still didn't pay and to ask for a refund of the pre order.
No answer yet!
No answer yet!
June 12, 2014, 07:28:55 AM
2 Weeks without any word from them.
No discussion of the CE issue. (has anyone asked them on their forum?)
They didn't even come back here to talk about payment options, only mentioned that the CC option should eventually work.
As that user said 2 pages back, the silence is deafening.
No discussion of the CE issue. (has anyone asked them on their forum?)
They didn't even come back here to talk about payment options, only mentioned that the CC option should eventually work.
As that user said 2 pages back, the silence is deafening.
June 12, 2014, 03:00:02 AM
A lot I information is in the updates. 
June 12, 2014, 02:47:00 AM
Okay. So I'm right there with everyone else. Not paying a dime until we get a little more feedback from Alpha. (It's been over two weeks without an update during a time when updates are absolutely essential!) But, can we also talk about the fact that ROI might not happen on the principle that the Altcoin ecosystem won't be able to handle the sheer number of coins generated by the release of incredibly powerful SCRYPT asics?
If it looked like a merchant processor such as Coinbase or Bitpay was going to start taking LTC then I would imagine some growth in value. But even with Charles Lee working at Coinbase since July, there is no clear-cut plan to introduce Litecoin as it's simply too confusing for the consumer.
That aside, who is going to buy all of these altcoins on the market when miners inevitably want to wash them away to a more secure crypto or pull out to fiat later this year?
The BTC eco system can't really be used as a case study for asic introduction as by the time FPGAs and ASIC miners were on sale, we already had relatively wide-scale merchant adoption.
If it looked like a merchant processor such as Coinbase or Bitpay was going to start taking LTC then I would imagine some growth in value. But even with Charles Lee working at Coinbase since July, there is no clear-cut plan to introduce Litecoin as it's simply too confusing for the consumer.
That aside, who is going to buy all of these altcoins on the market when miners inevitably want to wash them away to a more secure crypto or pull out to fiat later this year?
The BTC eco system can't really be used as a case study for asic introduction as by the time FPGAs and ASIC miners were on sale, we already had relatively wide-scale merchant adoption.
Well, good thing is that supply of coins won't be changed with new asics arrival. Only difficulty will go up. Supply is the same if the coin is mined just by one geek with old laptop or by hundreds of mega asics farms.
June 12, 2014, 02:33:54 AM
That aside, who is going to buy all of these altcoins on the market when miners inevitably want to wash them away to a more secure crypto or pull out to fiat later this year?
The BTC eco system can't really be used as a case study for asic introduction as by the time FPGAs and ASIC miners were on sale, we already had relatively wide-scale merchant adoption.
The BTC eco system can't really be used as a case study for asic introduction as by the time FPGAs and ASIC miners were on sale, we already had relatively wide-scale merchant adoption.
The same exact people who are buying them now I assume. Not really sure why that would change. At one point I wondered why people would continue to buy shitcoins that were obviously going nowhere, ever, but then, I also thought the same thing about preorders and yet here we are
June 12, 2014, 02:15:05 AM
Okay. So I'm right there with everyone else. Not paying a dime until we get a little more feedback from Alpha. (It's been over two weeks without an update during a time when updates are absolutely essential!) But, can we also talk about the fact that ROI might not happen on the principle that the Altcoin ecosystem won't be able to handle the sheer number of coins generated by the release of incredibly powerful SCRYPT asics?
If it looked like a merchant processor such as Coinbase or Bitpay was going to start taking LTC then I would imagine some growth in value. But even with Charles Lee working at Coinbase since July, there is no clear-cut plan to introduce Litecoin as it's simply too confusing for the consumer.
That aside, who is going to buy all of these altcoins on the market when miners inevitably want to wash them away to a more secure crypto or pull out to fiat later this year?
The BTC eco system can't really be used as a case study for asic introduction as by the time FPGAs and ASIC miners were on sale, we already had relatively wide-scale merchant adoption.
If it looked like a merchant processor such as Coinbase or Bitpay was going to start taking LTC then I would imagine some growth in value. But even with Charles Lee working at Coinbase since July, there is no clear-cut plan to introduce Litecoin as it's simply too confusing for the consumer.
That aside, who is going to buy all of these altcoins on the market when miners inevitably want to wash them away to a more secure crypto or pull out to fiat later this year?
The BTC eco system can't really be used as a case study for asic introduction as by the time FPGAs and ASIC miners were on sale, we already had relatively wide-scale merchant adoption.
June 12, 2014, 01:52:27 AM
Agreed that they really need to provide a bit more proof of tech before collecting balances. I'm leaning towards not paying mine and seeing what happens.
use a cc you get 45 days with amex (i think another 15 or so after you file a dispute)
what I am doing.....gives me protection thru July if they can't/late/or won't ship in time
Searing
(only prudent 30% paypal cc ..last 70% w/no paypal option cc card)
Hey Searing, could you clarify the Amex protection?
I'm not sure how it works in the states but in the UK, not all CC companies are jointly liable when using chargeback, its not the same as section 75 of the consumer credit act where they are.
What this means is you have to recover the money from the company, through their bank.. The CC company is not legally required to pay it back themselves. This means if Alpha dispute your claim, ie they say their terms and conditions state delivery in Q2/ Q3 not specifically July, or they go bankrupt and the money is not recoverable. You may not receive a penny.
You should also note that Alpha are claiming they only sell to businesses and you are not a consumer it their eyes, so you should ask Amex to clarify its position on chargebacks for business purchases.
Any UK customers need to keep this in mind when paying with a credit card. You also need to know, going through a third party processor ie paypal or payza negates section 75 protection and possibly chargeback protection so check with your CC company.
I'm not sure how it works in the states but in the UK, not all CC companies are jointly liable when using chargeback, its not the same as section 75 of the consumer credit act where they are.
What this means is you have to recover the money from the company, through their bank.. The CC company is not legally required to pay it back themselves. This means if Alpha dispute your claim, ie they say their terms and conditions state delivery in Q2/ Q3 not specifically July, or they go bankrupt and the money is not recoverable. You may not receive a penny.
You should also note that Alpha are claiming they only sell to businesses and you are not a consumer it their eyes, so you should ask Amex to clarify its position on chargebacks for business purchases.
Any UK customers need to keep this in mind when paying with a credit card. You also need to know, going through a third party processor ie paypal or payza negates section 75 protection and possibly chargeback protection so check with your CC company.
you are likely correct...I am looking at it more from the point if they pull a BFL intentional or otherwise and CAN'T SHIP IN JULY....if it ships end of July and I won't get it till August actual..I will likely get Amex to dump for not getting item according to timeline
that much will likely work
as to the bankruptcy etc..yeah I'm screwed....and the cc they have going is going thru a bank..so prob should ask amex if that makes a diff ..going thru a bank and UK and also ask if a biz etc..but really I'd think if they don't ship in July Amex would honor me with a refund for not gettting it on time...they actually said 'if you don't get the item on time' you can cancel
anyway always a risk...but only real option I have now unless I write off $450 bucks of the 667.18 already sent to them
anyway it is the only 'card' i have left to play protection wise if it all goes south
(the fun and drama of bitcoin....jeez)
Searing
June 12, 2014, 01:30:48 AM
The racist card is out and blaming the community thats unacceptable for there failure to deliver adequate updates and information on tapeout !
Why wouldn't Dexcel Design just do an update in there news section ?
Come on people think before you send anymore money the easiest excuse in the world to say people are been racist to avoid questions sadly only too common here in the UK now !
Im watching from the sidelines with interest as i decided not to invest in Alpha after my own research !
I genuinely hope I'm wrong and they deliver but sadly don't think it will happen !
Why wouldn't Dexcel Design just do an update in there news section ?
Come on people think before you send anymore money the easiest excuse in the world to say people are been racist to avoid questions sadly only too common here in the UK now !
Im watching from the sidelines with interest as i decided not to invest in Alpha after my own research !
I genuinely hope I'm wrong and they deliver but sadly don't think it will happen !
June 11, 2014, 04:49:48 PM
They (alpha) revel in lording about banning people in there own forums. If only they'd spend as much time addressing the concerns of their own customers as they do trying to "whac-a-mole" (https://www.youtube.com/watch?v=D0n8N98mpes) for those who'd dare question their integrity!
Run forest, run!!!
My thoughts exactly. Ah well nothing a router reset won't fix Run forest, run!!!
June 11, 2014, 04:30:41 PM
June 11, 2014, 04:13:16 PM
Hahhaaaaaa!! I just got banned from the Alpha Forum for daring to argue with Fiaz.
What a wanker that guy is. He loves to swing his dick around the Alpha forums wielding the ban hammer. But scurries around here like a timid mouse dropping bullshit wherever he goes.
Knowing I was probably going to get booted I copied the thread. Here's the conversation that got me banned. So you all can see what a spineless twat this guy is.
Me:
Can someone point me to the racist statements this guy made to Dexcel.
It seems to me this could have been avoided if Dexcel and Alpha had just issued a statement regarding their ongoing partnership. Pulling out altogether seems rather drastic if the partnership was going well.
As of now we only have Alpha's word as to why their relationship with Dexcel has ended so abruptly.
Fiaz:
Our relationship hasn't ended abruptly? We removed mention of their name as they are displeased with being contacted so often when they don't deal with customers. And we are going a different route for batch 2 for various reasons but more on that at a later date.
Me:
People still know Dexcel are supposed to be involved so I'm not sure what good abruptly removing their name does, apart from starting a FUDstorm.
A simple statement would have probably been a wiser choice. At this point we only have your version of events to go on and nothing from Dexcel.
Fiaz:
I am sorry but you are not entitled to anything from Dexcel, doubly so considering you're not a customer.
Me:
Ok Fiaz. Stonewall that's fine. Let the FUD build up as it has been doing the past couple of weeks. Fine by me, as you point out I'm not a customer
It's good to see you have time to argue with me in this thread but seem to be avoiding like the plague the thread where your CUSTOMERS are asking where your chips are. Funny that.
Seconds later........ BANNED lmfao.
In the thread where people were asking about the chips I posted what I posted here regarding tapeout. I guess he didn't want people seeing that either.
You should think long and hard about giving your money to this juvenile bunch of kids.
What a wanker that guy is. He loves to swing his dick around the Alpha forums wielding the ban hammer. But scurries around here like a timid mouse dropping bullshit wherever he goes.
Knowing I was probably going to get booted I copied the thread. Here's the conversation that got me banned. So you all can see what a spineless twat this guy is.
Me:
Can someone point me to the racist statements this guy made to Dexcel.
It seems to me this could have been avoided if Dexcel and Alpha had just issued a statement regarding their ongoing partnership. Pulling out altogether seems rather drastic if the partnership was going well.
As of now we only have Alpha's word as to why their relationship with Dexcel has ended so abruptly.
Fiaz:
Our relationship hasn't ended abruptly? We removed mention of their name as they are displeased with being contacted so often when they don't deal with customers. And we are going a different route for batch 2 for various reasons but more on that at a later date.
Me:
People still know Dexcel are supposed to be involved so I'm not sure what good abruptly removing their name does, apart from starting a FUDstorm.
A simple statement would have probably been a wiser choice. At this point we only have your version of events to go on and nothing from Dexcel.
Fiaz:
I am sorry but you are not entitled to anything from Dexcel, doubly so considering you're not a customer.
Me:
Ok Fiaz. Stonewall that's fine. Let the FUD build up as it has been doing the past couple of weeks. Fine by me, as you point out I'm not a customer
It's good to see you have time to argue with me in this thread but seem to be avoiding like the plague the thread where your CUSTOMERS are asking where your chips are. Funny that.
Seconds later........ BANNED lmfao.
In the thread where people were asking about the chips I posted what I posted here regarding tapeout. I guess he didn't want people seeing that either.
You should think long and hard about giving your money to this juvenile bunch of kids.
June 11, 2014, 11:49:42 AM
The problem here is that ALPHA-T is hidding us REAL INFO.
I'm sure that if they told us REAL INFO many people do not run away... but now... I think they are late.
I've sent them cancel email today... my faith level is less than 0 now
I'm sure that if they told us REAL INFO many people do not run away... but now... I think they are late.
I've sent them cancel email today... my faith level is less than 0 now
June 11, 2014, 11:42:24 AM
I find the fact that Alpha are not making any effort to reassure people in recent days that everything is on track is highly worrying.
If they are confident why not relay this to buyers who are deciding whether or not to make their final payment?
If they are not confident, then they are just making things worse by not disclosing the fact.
If they are confident why not relay this to buyers who are deciding whether or not to make their final payment?
If they are not confident, then they are just making things worse by not disclosing the fact.
Why would they disclose that Drexel will not give them any chips if they don't remit the rest of the payment for the development.
This is why successful ASIC development companies either self fund or offer full payment preorders with NO refund. Alpha screwed themselves because they took only 30% down AND offered refunds. That means that customers could opt out. It was great at first when they were the only fly by night operation in scrypt asics but now a whole batch of them appeared with better numbers and now people are walking away from their orders. That is not what AT expected. They thought we will pay for development by milestones. So they only took enough to secure development at Drexel. Probably just 25 to 30%. They figured a fat profit margin on units so 30% down was way more than was needed to fun the first and maybe even second milestone. But now they are up shits creek because to complete the order and get delivery of chips they need to remit the rest of the funds. That is why AT announced they have not received chips but require everyone to pay the remaining 70%.
Sure they have all the cases, sure they probably have PSUs and are ready to start assembly and shipping but without chips those boxes are worthless. Because it only takes a few people to not fund their remaining 70% nobody is going to get hardware.
AT will probably try to hook some customers who walked away by adding some more hashing power to the vipers, or try to pad the deal with a discount on the remaining 70% but if only a few people walk away everyone loses. Better get a lawyer before the accounts start playing the shell games with the AT money. After all that is the only thing they are good at... moving money around.
Starting to sound a bit like the Terrahash fiasco. In that they may have purchased many of the components but cannot get their hands on chips. This will mean at some point they will not be able to continue providing refunds as they may simply run out of money. Not good...
June 11, 2014, 11:39:45 AM
^^ this
Welcome back mate
Welcome back mate
June 11, 2014, 11:34:19 AM
I find the fact that Alpha are not making any effort to reassure people in recent days that everything is on track is highly worrying.
If they are confident why not relay this to buyers who are deciding whether or not to make their final payment?
If they are not confident, then they are just making things worse by not disclosing the fact.
If they are confident why not relay this to buyers who are deciding whether or not to make their final payment?
If they are not confident, then they are just making things worse by not disclosing the fact.
Why would they disclose that Drexel will not give them any chips if they don't remit the rest of the payment for the development.
This is why successful ASIC development companies either self fund or offer full payment preorders with NO refund. Alpha screwed themselves because they took only 30% down AND offered refunds. That means that customers could opt out. It was great at first when they were the only fly by night operation in scrypt asics but now a whole batch of them appeared with better numbers and now people are walking away from their orders. That is not what AT expected. They thought we will pay for development by milestones. So they only took enough to secure development at Drexel. Probably just 25 to 30%. They figured a fat profit margin on units so 30% down was way more than was needed to fun the first and maybe even second milestone. But now they are up shits creek because to complete the order and get delivery of chips they need to remit the rest of the funds. That is why AT announced they have not received chips but require everyone to pay the remaining 70%.
Sure they have all the cases, sure they probably have PSUs and are ready to start assembly and shipping but without chips those boxes are worthless. Because it only takes a few people to not fund their remaining 70% nobody is going to get hardware.
AT will probably try to hook some customers who walked away by adding some more hashing power to the vipers, or try to pad the deal with a discount on the remaining 70% but if only a few people walk away everyone loses. Better get a lawyer before the accounts start playing the shell games with the AT money. After all that is the only thing they are good at... moving money around.
June 11, 2014, 11:29:32 AM
I haven't seen anything about certification over on the Alpha forums. The general feeling over there, apart from a few "bad apples" seems to be ignorant bliss. Anyone who dares to question Alpha gets tarred and feathered.
The word of Alpha seems to be gospel over there, so because they said they would deliver in July and continue to say they will deliver in July. They must be delivering in July. Despite no evidence to support this.
They seem to be living in a parallel universe where mining asic companies haven't failed to deliver or outright lied in the past.
The word of Alpha seems to be gospel over there, so because they said they would deliver in July and continue to say they will deliver in July. They must be delivering in July. Despite no evidence to support this.
They seem to be living in a parallel universe where mining asic companies haven't failed to deliver or outright lied in the past.
June 11, 2014, 11:16:08 AM
I find the fact that Alpha are not making any effort to reassure people in recent days that everything is on track is highly worrying.
If they are confident why not relay this to buyers who are deciding whether or not to make their final payment?
If they are not confident, then they are just making things worse by not disclosing the fact.
If they are confident why not relay this to buyers who are deciding whether or not to make their final payment?
If they are not confident, then they are just making things worse by not disclosing the fact.
June 11, 2014, 10:56:20 AM
Anyone know of a good class action attorney that has helped out in the crypto world?
June 11, 2014, 10:55:59 AM
Agreed that they really need to provide a bit more proof of tech before collecting balances. I'm leaning towards not paying mine and seeing what happens.
Shoot, just ask them to explain the CE issue. That's even better than asking for tech proof.
They said they would include PSU's, which they can't legally do without CE certification, which they can't acquire without providing several "off the production line" units for testing, which takes 2-12 weeks in the EU.
So they either can't provide PSU's, and will have to change design/terms once more, OR they will ship the units ilegally which will get most of them pulled by customs, OR they know the deadline is impossible and aren't talking about it.
Considering their silence on the CE matter ......
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