Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 195. (Read 529095 times)

Yeah it is a bit tedious but in this human drama the devil is in the details, much like a Dostoyevsky novel.

Yes its safe to assume i did because i'm really getting tired of sifting through all the daft posts to get to the decent conversations.
But not everyone has to get along

You obviously missed the bit in the lightningasic thread (https://bitcointalksearch.org/topic/m.7031804) where Jack declared war on GAW today

// edited to correct thread reference

Its refreshing to see someone so insightful.

The Zues thread in ltc forum is giving me a headache to read most people there don't understand why GAW miners are coming out faster and are crying. They miss the point where GAW ordered well before them and miss the point where because of that, GAW got their machines well before any of them kinda like some of the people here wondering why alpha is not on that list from china manufacturers in a secrete meeting..

Forgetting that alpha may not be in china but in the UK and that Chinese meeting was for Chinese manufacturers that need to come together because they are bloody good business men, its proven and they are doing the smart thing because some of them maybe the opposite to what you're suggesting is they are great at the manufacture line but terrible at projected outcomes..

These are only guesses based on cultural background
but how far am i from the money.. Fact remains though that a large part of Chinese manufacturers are selling in hand stock! and the rest of this space needs to play some catchup but i hope these bedwetting miners learn to just stop, wetting the bed because it is most annoying.

I see china creating a cartel (in my opinion it would be similar to the families that created the fed in America so they wouldn't have to compete with each other!), a powerful one which may or may not be good for miners but it sure as shit will put pressure on these startups to start taking more of the risk..Hell in theory taking more of the risk from retail grade consumer in my opinion would be better for them as a company because they wont have so many bed wetters making a run at the bank type deal when things don't turn out like delusions they fed themselves.

I see it as extremely detrimental that 100s of noobs not understanding a thing all start wanting refunds!

A unique moment in human history.

Catalogued in excruciating detail for eternity thanks to the internet.

Fiaz, I am re-quoting this because it is of utmost importance your company act. Silence isn't good, especially with:

* Tapeout process ongoing, likelihood of meeting July delivery AT promised spec is not probable

* CE certification takes a long time, unless you plan to exclude power supplies - in which case this can cause design issues, and customers should be compensated

Keep in mind, informed and knowledgable parties are monitoring this thread and your announcements.

And it is a perfect storm of drama.

A stage - set with highly competitive start ups racing to see who produced the best miner and lasts more than a year
The actors of this scene - are a bunch of accountants that know bookkeeping, and maybe project management but know nothing of manufacturing.  They develop some IP and offshore 90% of the work.  Because they aren;t familiar with the manufacturing space they do not know how to market products to customer. 
The characters - They are reactionary, spiteful, fully of hubris, and desperate.  So very Shakespearian.

It is wonderful to watch.

because the actually consumer miner is still vaporware.

Drama. Plain and simple. The eternal human struggle with greed, fear, hope, ignorance.

Bitcoin theater ...

The suggestion works if you look at Cointerra and HashFast who both hopped on the newer ASIC technology bandwagon and promised astounding results. They started running into similar issues as AT with timeline, last minute changes, etc. Of particular note, Hashfast also flew by the seat of their pants on the chips at the last minute (like AT is doing), and it was their downfall.

Last I checked into it, Cointerra came to within about 85 or 90% of their original design spec, but still ended up late. Hashfast died off, kept taking money, kept making promises, failed to keep them.. and they're facing multiple lawsuits right now. Back when it was in the planning phase, I wagered that Cointerra would come out on top and Hashfast wouldn't. Honestly, Hashfast's CEO looked like a wannabee nerd. My wager paid off.

Here's some info on Hashfast's legal issues: http://arstechnica.com/tech-policy/2014/05/meet-hashfast-another-bitcoin-miner-manufacturer-accused-of-fraud/

I truly hope AT examines my suggestion from the previous page, and takes it seriously. There's 2 red flags in play right now against them making a July shipping date and there's enough undercurrent that they need to handle the situation.

I wake up and see this.
Alpha Tech is not even in the list.

I  wouldn't compare the first ASIC's to the current ones regarding efficiency. They have learned a lot from those that have come before them and made efficient steps along the way.
If you constantly look to the past for your answers to the future, you will end up back where you started. Bitcoin, if anything, is the antithesis of that.

I'm curious as there seems to be a lot of hate going on here.

How about posters post in their threads whether or not they even have an order? I have a feeling next to none of you (except for those that have already openly stated it) have orders with A.T.
So the larger question is, why is what AT does so interesting for you all? Are you playing the role of Robin Hood, or rather are you representing other ASIC companies or

After all, its about sharing...

Agreed their. I will never do pre order again since the early days of Avalon.  Should of just kept the Bitcoin back then and had a lot more for the bitcoin than the machine that done partnership on. Having said that it sill comes in handy to mine new coins but have to then wait until they go live on markets.

I vote no more pre order i think its time you companies really start taking on the risk now that crypto currencies are proven they are not going to disappear.

Pre-order is a great startup tool but the mainstream customer is taking on to much of the risk here and i don't think its really acceptable practice these days and lets face it,
you cant hide behind the excuse anymore that you cant get funding!

1-5% deposit refundable if you do not meet projected delivery dates and or hashing, power specs and lets face it, if a company starts doing that then so will you!

Bwaaahhhhahhawwawaahhhhaaaaaaahahahahaa!!!

This is the best thread!

Also heard on Coin Desk  http://www.coindesk.com/private-china-meeting-bitcoin-mining-industry-leaders/

"The battle for share of the scrypt-coin networks is about to heat up too,
with at least four companies (Zeus, Gridseed, Innosilicon and Silverfish) apparently all ready to roll with existing inventory.
At stake is about 200 gigahashes-worth of total litecoin/dogecoin/etc mining power around the world,
all still running on GPUs – but not for long."

Will the last person mining scrypt coins please turn out the lights.

I heard a rumor on the internet that A-T is working on the PSU for its next-gen 1TH 2.5TH 15TH scrypt miner.
5 PSUs will be included and they are 28nm.

~L)L~

My friend, you have just won the internet

That is a pretty small PSU ! Maybe they CAN fit 3 in the case after all.

~L)L~

See though this is exactly why (well, one of the many reasons anyway) no company taking preorders in this fashion will ever deliver as promised.  All those things you mentioned can of course be done.  But they also cost money, money which would then come out of their profits.  Since their customers have already paid and have almost no real recourse, why would they do that when they can just skimp on everything and when it doesn't work, push back the delivery date again and again?  We as customers have already demonstrated time and again that no matter how badly these companies fuck us, we're still happy to wait in line to give them our money for a product that will almost certainly never turn a profit.