Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 19.

Flep182

legendary

Activity: 938

Merit: 1007

Quote from: FreeJack2k on April 06, 2015, 01:22:11 PM

LOL...the 10x hashing increase he's talking about is the same 25 -> 250 MH (or 5 -> 25 MH) increase they offered early last year, when KNC announced the Titans as a competing product. It's his way of pointing out that they REALLY went the extra mile for their customers. As if that hashrate means anything, today - the devices are obsolete before they've even been produced. His failure to acknowledge this either says A) he's totally unfamiliar with the market or B) he's a moron. It's likely the new SFARDS hardware will hit the network before these guys ever ship a single device, and there will be no point to ever turning a Viper on, at all. Actually, with an 80% increase in power consumption, there's really no point to turning one on NOW.

They have outsourced every aspect of this production and were insanely over-confident in their ability to deliver. They've screwed up just about every aspect of the process and had to re-do almost everything. Yet somehow, they still feel justified in keeping peoples' final payments...even though they're currently nine months past their announced shipping date (mid-July). They stated in the pre-order details that they'd only ask for final payment 8-10 weeks before shipping. They're WAY past the point of breaching that agreement and it's just laughable that they defend themselves by saying we agreed to it by pre-ordering. We agreed to make final payment 8-10 weeks before shipping. We lived up to our end of the deal...they didn't, bottom line.

Unfortunately, because 100% of this project is outsourced, I would be willing to bet that they have NO assets to liquidate in a winding up petition (he's probably running this from his living room, at this point) and at best, it would just shut down Alpha Technology as a going concern...which would be fine with me, as I don't want to see these hucksters doing business in crypto, ever again.

To me it seems that none of the big producers have been able to make a stable and fast Scrypt miner. Bitmain quit before delivering, Titan's were (afaik) crap, this one seems to have big problems to put it nicely.

FreeJack2k

full member

Activity: 205

Merit: 100

LOL...the 10x hashing increase he's talking about is the same 25 -> 250 MH (or 5 -> 25 MH) increase they offered early last year, when KNC announced the Titans as a competing product. It's his way of pointing out that they REALLY went the extra mile for their customers. As if that hashrate means anything, today - the devices are obsolete before they've even been produced. His failure to acknowledge this either says A) he's totally unfamiliar with the market or B) he's a moron. It's likely the new SFARDS hardware will hit the network before these guys ever ship a single device, and there will be no point to ever turning a Viper on, at all. Actually, with an 80% increase in power consumption, there's really no point to turning one on NOW.

They have outsourced every aspect of this production and were insanely over-confident in their ability to deliver. They've screwed up just about every aspect of the process and had to re-do almost everything. Yet somehow, they still feel justified in keeping peoples' final payments...even though they're currently nine months past their announced shipping date (mid-July). They stated in the pre-order details that they'd only ask for final payment 8-10 weeks before shipping. They're WAY past the point of breaching that agreement and it's just laughable that they defend themselves by saying we agreed to it by pre-ordering. We agreed to make final payment 8-10 weeks before shipping. We lived up to our end of the deal...they didn't, bottom line.

Unfortunately, because 100% of this project is outsourced, I would be willing to bet that they have NO assets to liquidate in a winding up petition (he's probably running this from his living room, at this point) and at best, it would just shut down Alpha Technology as a going concern...which would be fine with me, as I don't want to see these hucksters doing business in crypto, ever again.

jrose120

member

Activity: 119

Merit: 10

They are trying to leave a paper trail in hopes of avoiding serious criminal wrong doing. They sent out this update to look good in court, none of it can be trusted. They wouldn't know the truth if it hit them in the head.

cisengineer

member

Activity: 99

Merit: 10

Quote from: Kuikens on April 05, 2015, 12:57:47 PM

The only thing that went 10 fold on the miners is the power consumption.
Now estimated around 3,500 Watts.
Great for European buyers.
If you would receive your Viper today, you will mine $10 of Litecoins each day, costing only $25 in electricity...
Way to invest your money, Spend $9,000 to lose $15 (and rising each day) a day.
The inventor of cryptocurrencies was probably a relative of Bernard Madoff...

It looks like the power consumption only went up 80% not 10 fold. Regardless, there is no reason anyone would ever want to plug this in, not today, not ever. Especially those on tiered energy pricing like PG&E.

Kuikens

newbie

Activity: 23

Merit: 0

The only thing that went 10 fold on the miners is the power consumption.
Now estimated around 3,500 Watts.
Great for European buyers.
If you would receive your Viper today, you will mine $10 of Litecoins each day, costing only $25 in electricity...
Way to invest your money, Spend $9,000 to lose $15 (and rising each day) a day.
The inventor of cryptocurrencies was probably a relative of Bernard Madoff...

hallo_frosch

member

Activity: 87

Merit: 10

The next excuse with the next delay.
Nothing has changed.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: ?? on ??

NEW UPDATE ON THEIR WEBSITE AS OF JUST NOW April 5, 2015!

Quote

alpha tech logo

Greetings Miners

We’re pleased to bring you a new update.

Thank you for your patience! We know it has taken a while for new details to come out, and offer our most sincere apologies for any inconvenience. We’re as eager as you to bring news when it is ready for release, and above all deliver your device.

System Update

The power consumption of the Viper device was estimated to be 10W for a core voltage of 1.2V and core frequency of 200MHz. This estimate was based on simulation results that kept a power down feature during idle cycles for the internal SRAM in consideration. However since mining is quite the continuous activity, the idle cycles could not contribute enough for lower power needs. As such, power consumption went to approximately 18W at full speed and frequency.

As per the initial calculations, the current requirement for the core voltage was less than 9A per Viper device ( 10W / 1.2V = 8.33A ). The initial prototype was designed with a 50A power module from a leading semiconductor manufacturer for 4 Viper devices (4 x 9A = < 50A), keeping room for some over-clocking possibilities. Since the power consumption changed to 18W, the current required also changed to 15A per device which would require at least 60A for 4 Viper devices. We also noticed some voltage dips on the core voltage rail of around 200mV during the start of computation of one Viper device, this could affect the working of another Viper device connected to the same voltage rail. To cater to such requirements, single modules were pretty expensive. In order to save cost and do some more optimizations, another new design was created. It uses 15A power modules from another leading semiconductor manufacturer for each Viper device. However these devices have been behaving a little erratic and we have found them unstable during our QC tests.

The design is currently getting reviewed and failure analysis is being done by the experts at the power supply company. We are waiting for their response so we can get the correction done. A parallel design is also being done with another power supply having 20A capacity. We have tested the software, and the functionality is working properly which really pleases us. After this last issue gets sorted out, the bulk production can start and shipment will follow.

ASIC Update

A few sample Viper devices were tested to identify issues with PLL, IOs, memory etc. with the test vectors generated. Devices were tested and categorized into those that pass and fail. When the same devices were tested with the ZIF socket board, the results observed with these devices were different. Devices which were marked as pass did not pass the functional test completely when tested with the ZIF socket. A few devices passed the functional test with the ZIF socket board and a few failed. Test vectors were updated to include BIST (built-in self-test) to identify device which pass and fail functionally.

On further analysis of the results observed with the tester, the ZIF socket and the test vector simulation results, it was found that the tester has a higher voltage drop and configuration of Viper PLL via JTAG with the tester not working properly. Test vectors were updated to configure PLL over UART and shipped back to test house along with the devices for a re-test. By using the new test vector and increasing the core voltage with the tester, test results of the ZIF socket board and the tester started matching properly. In short, this issue is now under control and it is being worked on as fast as we can.

We are sorry shipment has not yet occurred. We very much appreciate the situation and are working our hardest to deliver the best product possible with the resources we have available. We would like to reiterate our previous statement that all we can do is reward your patience with a product that is ready and optimized instead of rushing and then deliver potentiality faulty and under-performing hardware. We know you are eagerly waiting to get your hands on these devices, we share this enthusiasm and are quite impatient ourselves to start shipping, and hope you can understand we’re not here to take the easy way out: but deliver a high-quality well-thought of and well tested device. We are still providing the various enhancements to the final specifications of the devices including a 10 times increase of the hash rate. We plan to e-mail all customers as soon as we have the shipping date, but we cannot estimate one at this time. All we can say is that once we have these last issues resolved and assembly has started, shipment will follow as soon as possible afterwards. We already have our chip quantity in stock, so there will be no need for us to wait for chips. That stage has now been completed.

On that note, we’d like to express our gratitude for your immense patience and confidence, and extend our sincerest apologies for the annoying delays whilst this machine is being engineered to perfection. We know it seems that every month there is delay after delay, but please understand that development is outsourced and we are genuinely passing on information we are being told by the technical teams working on the project as it comes in.

We do our best to speed the process up and finalize the devices.

Stay tuned! We hope, and are fairly confident, that our next message will be that mass-production has started and be able to inform you that shipping will be underway.

Thank you!

Best Regards

Mohammed Akram

Director

https://alpha-t.net/news/developmental-update-05042015/

So they do a 10 fold in hash increase? Will it be from the old 90MH (Viper) to ~~250MH~~ 900MH/s or from 250MH to 2500MH?

still smells like vapourware to me.

gpufreak

newbie

Activity: 42

Merit: 0

Quote from: FreeJack2k on April 03, 2015, 01:18:18 PM

I am asking if anyone was refunded FINAL PAYMENT - should have been specific. I know that people are getting their pre-order payments back, I did too...even though I asked for a lot more than that. They just reversed the PayPal payments and considered the matter closed...keeping the remaining (and much larger) final payment amount.

So I'm wondering if people have managed to enforce judgment on the refund of their final payments, as well. I have seen stories of people getting judgments, but not much in the way of people saying they'd successfully enforced them, when it comes to final payments.

For my part, as slimy as these guys are, I'm skeptical that the money is even there anymore. They've had two family members leave the company since it started and it looks like it's down to one guy, now. They've outsourced pretty much everything. So even if a winding up petition were entered...I kinda doubt there are any real assets to liquidate. Alpha-T is pure fraud.

I wonder too. I have received back 50% over the total 100% full paid amount (4x Vipers). Now they seem not to be willing to pay the remaining 50% as they claim it was a final settlement.

FreeJack2k

full member

Activity: 205

Merit: 100

I am asking if anyone was refunded FINAL PAYMENT - should have been specific. I know that people are getting their pre-order payments back, I did too...even though I asked for a lot more than that. They just reversed the PayPal payments and considered the matter closed...keeping the remaining (and much larger) final payment amount.

So I'm wondering if people have managed to enforce judgment on the refund of their final payments, as well. I have seen stories of people getting judgments, but not much in the way of people saying they'd successfully enforced them, when it comes to final payments.

For my part, as slimy as these guys are, I'm skeptical that the money is even there anymore. They've had two family members leave the company since it started and it looks like it's down to one guy, now. They've outsourced pretty much everything. So even if a winding up petition were entered...I kinda doubt there are any real assets to liquidate. Alpha-T is pure fraud.

Litecoinkid

full member

Activity: 135

Merit: 100

Wow people forget about your losses and move on i know its hard but your not going to get anything back,this was a scam from day 1.I am a miner who lives in Manchester and almost ordered a miner from Alpha, but after a visit to there shop in a shit part of Manchester and chats to people around Manchester who knew of the brothers, i knew it was a scam, i did a load of research and told you all and my friends in Manchester to spread the word but all i got off the crypto community was a load of abuse.eveyone was blind because all you could think about was how much cash you could earn,im sorry to say your cash will have long gone,And i have to say what a great scam it was,oh and by the way from day 1 the brothers were no where to been found in Manchestr,so i would imagine they are living it up on a beach somewhere with a shit load of money.i really do feel for you all.best of luck whatever avenue you all go down.

jrose120

member

Activity: 119

Merit: 10

Amex will eat the losses in some cases, this I'm sure. They do not like to use their own money to refund customers, but if all else fails it is an option. For some reason i think that Amex ate the loss, I seriously doubt Alpha Sprouts Tech has any funds sitting anywhere. They are accountants after all, or are they just as bad at that as they were with this latest scheme. Wouldn't surprise me if they were.

I did have a post deleted from this thread a while back. I was mocking their announcements and my post got deleted within 24 hours. Since then I have lost interest in this scam. They may have moderator power here, which reflects horribly for this B.B.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

start of quote from Freejack2K

as anyone been able to enforce payment on their judgments? I have only heard one or two stories of people who managed to corner them and get them to cough up some money, but nothing very substantial. They owe so much money and are so slimy, I am suspicious that they have moved money out of reach by now...and I'm skeptical that a winding up petition will yield anything through liquidation, because I suspect they have outsourced pretty much everything and that the company has no real assets to liquidate.

I'd like to go to Manchester and give them a piece of my mind, though.

end of quote from Freejack2k (see a couple posts up)

can't seem to quote on this page...(heh they don't like me much) so unsure if alpha still moderates this thread or what

anyway...I got refunded...thru cc and amex in sept 2014 if i remember right...the process was i put in a dispute to Amex (talk to an actual person on this) They made a complaint (wrote it all down including web pages/bitcointalk pages and their own no refund policy on pre-orders) ........

then alpha has 30 days to reply..on the 29th day alpha sent them a pdf of my bill saying the item was paid in full (this was the 30% down thing I paid for the 50mh miner).pretty much saying it was NOT pre-order and item was paid in full ie implied it was delivered ..hoping i'd let it drop i guess on the dispute loss...so AMEX then refused my dispute (only found out cause I called amex again)...they sent me the .pdf they sent and I was like wtf i never paid for the whole thing and no i did not get it...

so ...back to square one

called amex again...got a hold of someone with web access (supervisor) told the whole story with web links to alpha and the scam.....took like 30 min (i think the amex rep was thrilled..much more fun then telling folk their balance)....had a NEW dispute written up.....and flag'd do fraud...every bell/whistle and stupid we will not give you $$$ back on the
alpha web page

because of comments and links and such .....the fraud dept probably looked at all the stuff the amex rep put down and EVEN THOUGH IT WAS PAST 45 DAYS for my Amex dispute stuff....or whatever the time line was (maybe 60 days) ie a couple months past...AMEX got ALPHA TO REFUND (from the fraud dept guy's point of view all the research was in the comment thread of the dispute and easy resolution their part of the problems cut/dried imho .... not a mean trick..not sure ...but I THINK they contacted alpha's bank directly that was collecting funds yet ...for the last 70%.......and

Amex was not very pleased to see alpha take 30% down and not deliver and then turn around and say pay the other 70% and we might deliver anything and keep your 30%

anyway ..amex would not comment on how they got alpha to pay ..but that is likely how they did so with the bank at the time in place to take the last 70% funds from folk via wire xfer....so i think amex used the bank to get the funds back to m....and if i remember right that did not last long either I think the bank pulled the plug on that as well from complaints

so get amex they are brutal on chasing back your $$$ on anything online.....so anyway thats the catch ....if alpha has no assets to track and contact like the bank...hard to get the $$ back or impossible...and no doubt it has been too long for any cc options now...a lot of work to get my ..i think it was 700 bucks or some such back for my 30% down on their smallest unit

anyway ....i think it went down somewhat along the above lines..so i may have gotten really lucky they had a bank involved to track from their taking the last 70% at that time via wire xfer..

brontosaurus

sr. member

Activity: 441

Merit: 250

Sorry, forgot to add, the reason that you can apply for their liquidation is that if they are unable to pay their debts, the company is INSOLVENT and so should cease trading

brontosaurus

sr. member

Activity: 441

Merit: 250

Hello all,

Came to this thread by accident. I've not read through it all but what I have read makes me very angry, so I'd just like to introduced you to a little known legal tool in the UK called a 'Statutory Demand' which is way of demanding payment of monies owed to you by a company, whether it's an individual or a limited company (US corporation), This is the government website link:

https://www.gov.uk/statutory-demands/overview

It was really designed as a way of one company forcing a debtor to pay up, it's not used an awful lot and almost never by individuals, but that doesn't mean that individuals can't use it. It doesn't cost anything except the cost of registered or recorded delivery post to 'serve' it on the company in question.

Now here's the killer:

Even if your claim may rest on soemwhat shaky ground in terms of Alpha's T's & C's, you can still put in your claim and:

LEGALLY THEY MUST RESPOND TO YOUR CLAIM WITHIN 21 DAYS. IF THEY DON'T THEN YOU CAN ENTER A PETITION TO WIND UP (LIQUIDATE) THEIR COMPANY

Now one person doing it will just be a nuisance to them, but 100? or 1000? They don't have the option to ignore any one of you, because you might be the one that petitions for liquidation! This is not in any way similar to a small claims action, that takes place in a court before a judge (or sheriff in Scotland) and each claimant has to pay court fees to lodge their claim. 'Class action' cases' are difficult to bring before UK courts.

The key here is mass action, one individual demand won't cut it.

I'm pretty sure that there will be some of you that live in the UK to coordinate this if you go down this road. What might be advantageous to you
all is to write (NOT EMAIL) to Alpha and demand your money back (on the basis that you haven't got the product or refund you were promised) giving the 7 days to do so. It can be 'served' by recorded delivery post, about £1.80 in the UK. They will likely ignore you or send out a standard letter, it doesn't really matter what they say, your DEMAND is what they ultimately have to answer, the 7 day letter merely reinforces your Statutory Demand.

This is not driven by consumer law, that's why it's so sneaky!

If nothing else it will force them to do something. Everyone's claim will be different so they won't be able to get away with a standard letter, there is too much risk that a court will accept a petition for liquidation if they do this. If they get liquidated yes, you may lose your money bus as a creditor you have rights and that includes forcing the liquidator to bring the company directors to account, and perhaps even asking for criminal action to be taken against them if they have behaved fraudulently. It does happen regularly, believe it or not.

Hope you all get a result of some kind!

I'm not familiar with all that's gone before here but I think this is worth looking into.

If Alpha's people are reading this then they might want to consider telling you the truth about what they've done with your money and try to find a resolution. Directors have statutory duties in the UK to protect monies they are given either as investment or payment for goods, They can be jailed if it's found that they did not exercise due care in protecting those monies and spent them on their personal enrichment. Think on.

FreeJack2k

full member

Activity: 205

Merit: 100

Quote from: fightalpha on April 01, 2015, 01:12:10 AM

http://fightalpha.net/

We're winning boys.

Has anyone been able to enforce payment on their judgments? I have only heard one or two stories of people who managed to corner them and get them to cough up some money, but nothing very substantial. They owe so much money and are so slimy, I am suspicious that they have moved money out of reach by now...and I'm skeptical that a winding up petition will yield anything through liquidation, because I suspect they have outsourced pretty much everything and that the company has no real assets to liquidate.

I'd like to go to Manchester and give them a piece of my mind, though.

fightalpha

newbie

Activity: 40

Merit: 0

http://fightalpha.net/

We're winning boys.

atp1916

legendary

Activity: 854

Merit: 1000

Yeah, I believe Alpha-T's customers would take alpha build quality miners at the moment. Shocked

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: BodgerandBasher on March 27, 2015, 09:09:16 AM

Viper / Re: Surely another update due soon??

« Last post by MartijnPerdaan on Today at 11:29:53 AM »
i have got a email from Alpha

Hello Marttijn,

We appreciate the situation and are working our hardest to deliver the
best product possible with the resources we have available. We plan to
email all customers as soon as we have the shipping date but we are
hesitant to estimate at one at this time. We are still in the final
stages and are currently tweaking the devices to try to get the most
efficiency out of them so if everything goes as planned than it
shouldn't be much longer. We are working not only to deliver the product
our customers have ordered but we also feel it necessary to do our best
to improve it. That's all we can say right now but expect a news update
very soon.

Regards,

Alpha Technology Team

So all is well, Alpha, never break a promise or let their customers down.

Translation:

LOL Marttijn,

This has been a windfall for us. First we got all of you to fund our research efforts.
We actually have had many working miners hashing away for a few months now.
We are currently in the process of having the miners cleaned by a professional computer
cleaning crew so as to look unused. Once we finish here we will hold the miners
a little longer, just to make sure they are completely worthless. The last thing we would
want is customers taking delivery of their miners.

Currently we are planning our exodus from England where we will be reunited with our
Family in India. Thanks for the plane fare, Grandmas retirement (and ours), etc.

We will continue to "offer" refunds when the law requires it. We just love this country
and don't believe in re-incarnation/caste system so we are comfortable in our decision.

Thanks so much for the money,
Regards,
Alpha Crime Enterprise

CurcO

member

Activity: 84

Merit: 10

They Said the same thing in January, deceiving bastards
-----------------
However you should note delivery is expected in mere weeks at this point; you will be emailed as soon as we have the date.

Regards,

Alpha Technology
-----------------------

Jan 18

to payments
Hello, so can you specify more what delivery means as to being shipped or you all having a the actual product in hand ?
[email protected]

Jan 19

to me
We mean shipped to all customers.

----------------------------------------------------------

Quote from: BodgerandBasher on March 27, 2015, 09:09:16 AM

Viper / Re: Surely another update due soon??

« Last post by MartijnPerdaan on Today at 11:29:53 AM »
i have got a email from Alpha

Hello Marttijn,

We appreciate the situation and are working our hardest to deliver the
best product possible with the resources we have available. We plan to
email all customers as soon as we have the shipping date but we are
hesitant to estimate at one at this time. We are still in the final
stages and are currently tweaking the devices to try to get the most
efficiency out of them so if everything goes as planned than it
shouldn't be much longer. We are working not only to deliver the product
our customers have ordered but we also feel it necessary to do our best
to improve it. That's all we can say right now but expect a news update
very soon.

Regards,

Alpha Technology Team

So all is well, Alpha, never break a promise or let their customers down.

vesperwillow

hero member

Activity: 616

Merit: 500

Their annual business filings will be when? July or April? I think it's just around the corner. Can't wait to see that.

As long as people allow folks like this to steal from them, they'll continue doing it. They closed up physical shop for a reason, to prevent people from seeking them out.

Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 19. (Read 529086 times)