Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 190. (Read 529095 times)

Yes, Fiaz has posted in over 10 days ... although he does log in to see whats up

Hey all,

So most of you didn't pay yet, right?

I am about to pay the remaining, but just read posts here... wondering they also don't  respond right? Sent an email a few days ago, no reply ...

The small inefficient ones.

I'm closing my gpu miners down this weekend, no longer profitable.

The small ones add up...     

Watts/Hr per MH/S is Diff.

definetly I'm done, I'm not paying my invoice until having more info

no info > no pay, that's it

its better to loose 30% than loosing 100%

Interesting what >200mh/s machines are in circulation currently ?

KnC is already behind the 8-ball. Smaller organizations are releasing and LTC diff. is going up; their profitability is diminishing by the week.

Oh dear that doesn't bode well.

Essentially Alpha don't like any probing questions here or on there own forum. Fortunately for us they can't ban us here.

I'd run a mile from these guys now. I fear anyone wanting a refund will have more chance finding rocking horse shite !!

Are knc now in a one horse race ?

It troubles me that they're not diligent about responding to support emails. Payza not available where I'm at and they won't respond to support emails. For this reason I may just let the second payment lapse, I might just rather hold onto that 2.5 BTC and see what happens.

After several emails about it to them about my ban, some of which HAVE been responded to, none of them have addressed why, and no, I haven't been unbanned. I am both IP banned and Account banned. Permanently.

Be interested to see if anyone else gets banned from their forum for asking these type of probing questions? They can't hide forever !!!

Their newsletter responses average just near 2 a month, with their responses in here being a bit more but not awesome. It's unfortunate to see how they're treating paying customers on here and on the forums.

Their biggest 3rd "red flag" IMO is when they switched their stance to "we only sell commercially" which is absolutely bogus, if not outright fraudulent as has been pointed out by several folks from the beginning.

Anyone in the UK who is serious about their money, should be seeking legal advice at this point, because of this single point.

I probably wouldn't call Alpha a scam but its getting close to calling it a failure. If it fails will anyone get their money back? I doubt it.

We're at that rock and a hard place situation. Do you ask for a refund? In which case, if enough people do they will fail but you might get some of your money back. Or do you pay up and hope they don't fail? In which case you might lose it all.

Judging from the growing number of people asking for refunds it seems Alpha is reaching the tipping point. They obviously do not have enough money to complete the production of the chips, but just how deep does the rabbit hole go?  Without HONEST comments from Alpha we don't know if they will be bankrupt next week or still around next year.

I think is safe to say the July 15  "project finish" date in their timeline/roadmap is optimistic to the point of derision (https://alpha-t.net/news/timeline/)

Personally, I wouldn't expect to see a miner from them any time in July if at all and if they do get one out, I can't see it being before KNC in which case they'll have negated any advantage they had and you'll be left with a power hungry unit (2000 watts vs 800 for the large asics) less hash rate (50/250mh/s vs 200/400mh/s) and it will probably be the size of a fridge with the decibel range of a jet fighter.

I would guess a lot of people are switching to other competitors or will be soon unless Alpha  pull a rabbit out of the hat.
The much lauded 30% strategy has been a complete disaster. It has left them needing to come cap in hand for final payment without a prototype or any other evidence that this project will succeed on time and to spec. It leaves the margins so tight that far less refunds and non payments can derail the project. Ultimately it has been a gamble that will unlikely be repeated again, though I doubt this is the death of pre-orders.

I would be interested in Alpha's response as they have been absent for over a week now.

that would be true.clarify please....if they fail and i lose 30% on their failure..oops both of us lose..if..they fail and ask for 70% then that is another story
unlikely they could get the other 70% in that I did not commit to such

also if they said we could get some of the 30% back on their terms page and then we lose it all (unless they go bankrupt yeah then maybe) yeah
that would be a scam on the 30% backing off their own terms

perhaps i missed a memo? again clarify in case I missed some annoucement  that they turned into BFL! (shudder)

Searing

hey Searing it's scam when someone fails and then asks for the remaining 70%!

well i give alpha this much...likely not a scam....they gave it a shot....(1/3 down offer  was legit imho) but essentially it is looking like they got trampled
by the other asic mnfg's coming out of the blue

so yeah kudos for giving it a 'shot' and only asking 1/3 down..but man they could be in a world of hurt right now

better 800 bucks on my pre-order gamble then 2300 bucks ....(maybe i'll see 400 back on the refund..still hanging in there in that cc option is not up yet..er if ever)

whatever...just goes to show again imho i think that alpha is legit..but goes to show how fast you can be road kill in this industry

hopefully they have a process if this is not working to wind down and get our refunds back in some manner...

but that is why you incorporate to protect your self it the 'biz' goes poof..so my 1/3 down gamble ..due less to scam and more to circumstances could be 'gone'

likely if that is so the folks in alpha-t.net got burnt even worse then us in this endeavor....

but yeah it is quiet ....way too quiet....

Searing

Wait... are you telling me that the most obvious scrypt asic preorder scam is actually... a SCAM ?

NOW WAY !

Scam, count me in for a class action.

I asked for a refund last friday--- still no reply