Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 202. (Read 529093 times)

well now i guess if ROI an't likely there...do i pay them for the 'toy' factor (and figuring the 20% loss I will take in usd if I do take the refund).....or refund taking a loss...how much 'fun' will i get from this trying to use scypt and how long can i use the dang thing on some kinda funky coin or coins as they fluttter out of alt coin land?

likely I will stick it out for the 'toy' factor in that I did something MORE stupid likely already....have a Titan 300mh on order

go big or go home I guess

but yeah this is likely the last year I'll buy any equipment and the only reason I'm getting some equip is due to bank errors (multiple)
on wire xfers I figured i'd have a huge paper trail and went legit on bitcoin stuff ...good thing to had to show bank my legit tax
forms on my bitcoin biz in usa or IRS would have hung me by my wahhooo....ess... can't even say it hurts too much

anyway because i'm now on the 'light' side of IRS tax goodness...I can at least depreciate equipment last year this year
only paid 550 to show a profit to help my legitness so to speak...so with that on the equip I have here and coming I MIGHT
even make ROI btc to equipment..of course if btc goes up i could make more in real $$$ but not as a straight trade up
anyway....with equip write offs allowed I have a shot w/o them I'd have no shot at btc to equip roi...likely i'll miss low by
15% btc vs equipment ..if btc would hit 1000 usd thank you very much i'd do ok ROI wise with us dollar as a backstop
(knock wood)

whatever..probably the last hand I'll be dealt..in my defense I got the alpha vyper when they said they'd  have a prototype and
such and  you could pay credit card paypal the rest...as to the Titan got that 2 weeks before IRS bombshell 20 days before
taxes due..and before KNC suddenly went off the rails...and me going oh crap....better pay the tax man lots of 'stupid' wire
xfer paper ...was correct in my parinoia

live an learn...anyway if you drank the knc koolaid it may not be the most ideal way to get btc by mining (eh) ...but if we are
correct btc now is better then btc later even if we lose a bit...if we are all wrong and btc goes boom...well..my splash from
space will be bigger then your splash from space on into the ocean of despair (neh)

man never a dull moment

Searing (but I need the credit card option in usa to do this want them 60 days to change my mind if the chip batch is bad)

Fiaz said just under a month, so let's say 3 weeks. So I wouldn't expect it to be completed within at least another 3 weeks. Then we are halfway june already. And then they want to assemble and ship all devices in 2 weeks?

Fiaz, please at least show us pictures of the factory where your chips are produced. Show us pictures of your assembly line (you will need a huge one to complete assembly and shipping in 2 weeks). Show us some real pictures of the cases, or of the prototypes. I haven't seen any of these. All manufacturers are trying to show as much as they can, and you are doing completely the opposite.

Hmmm..Ithought they said tapeout was 6 wks ago? anyone? or am I way off base here?

Yeah you guys were supposed to have something to show us.. and credit card options. With BTC down low, no functional device to show, and the fact you JUST NOW started tapeout... good luck getting folks to pay.

Folks, beware, tapeout on a first gen product will always have bumps and grinds.

I have this same problem as well, despite not being in the US. Payza doesn't accept my credit card for some reason.

er temporary...?? explain further please!

my new invoice was correct with the 25mhs to 90mhs text.

edited to add: still havent paid yet as well

About a month after shipping. And it is only temporary. So it's not like you keep the hashes.

when will the hosted hashing begin?

FYI my attached PDF invoice was blank apart from the AT header details. Was this the same for everyone else ?

M

Yeah but the revised zuesminer specs seem appalling if you are in a power conscious area. read here ;

https://litecointalk.org/index.php?topic=16301.2835

5.5mh @ 200 watts!  I think because of 55nm tech.  our small machines are estimated @ 18mh for 180 watts If I read the updates correctly (was 16mh @ 160watts).  In the UK where the cheapest power is $0.20 kwh I would rather have delivery in July at the lower power consumption. I have no idea how they compare on price. I make this 650+watts for the same 18MH.

Mind you wouldn't mind it explained how the power consumption is known without a working machine that can be measured at the wall socket?  Still happy to pay up but only via the direct Lloyds credit card payment promised in the uk.

M

I'm pretty dissapointed, I was hoping to see a working unit before the final payment was requested. I'm in two minds on whether to make the payment or not.

Looks like alpha tech decided to go with a mediocre product. They tried to compete with the big boys and provide huge hashes but couldn't keep up in scale so they decided to try to get units or sooner but at 28nm they couldn't develop as fast as Zeus miner so Zeus ended up beating alpha by 6 weeks.

By the time all the Zeus rigs get shipped difficulty will be too high to get any ROI back from vipers even with this free cloud hashing they are offering temporarily. What a waste.  And they had such a lead over everyone else.

And good luck with tape out. You stated end of April. Usually 28nm tape it takes 90 days.  But you decided on taking the risk that those sample batches will have quality chips. At 28nm odd are good sample batches will have a lot of defects but you still plan to install and ship them to customers.  Wow the balls.

Customers... Keep an eye out on alpha terms and conditions.  They may cut you down to 90 days if they feel that the chips may have caused high failure rate.

from what I understand you apply for your refund before that point on you initial down payment

they give 1/2 back and a 70 pound (British $$) fine...on top of that

in USA dollars it came out to an even 20% loss on the total purchase price of an alpha vyper fyi

not sure what I"m gonna do yet..they say they will have a credit card option in USA to pay but i don't see it
the paypal type option they have payxila or whatever is not "legal' in the usa as a wire xfer service
ie banned....

what a clus*t*f*c*

we were supposed to see a working prototype with a chip by now...have paypal to pay as an option both have now gone away

maybe a person should just bail...starting to smell like BFL now we take all the risk...they have zip in the way of risk

if they took credit card you may have 'some' options within 45 to 60 days ..bitcoin or wire xfer you have none

Searing

When does the 2nd instalment need to be paid by? what happens if the deadline is missed?

Yeah, the whole reason why I liked the 30/70 payment split was so that we, as customers, would bear less of the risk. This way we are still bearing the full 100% of the risk, since you still have no proof of a working device.

Well how about you update everyone and only ask for payment after you have chips, and after they've been worked up to show that the hardware is working right. Then as payments come in, let's say a time window, you have time to build the systems.

I've watched other ASIC companies do what you're doing, only to end up with dead chips or wafers which far underproduce spec, and people were out of money.

This is very helpful to me.

So what you're saying is, you haven't even taped-out yet? And you seriously expect to ship within a month and a half, which is normal time for tapeout?

Dear community, I urge you to stand by this: No tapeout, No payments.

UNLESS they can provide sufficient proof of tapeout completion.

Alpha-t: email back at you.

BFL received their bullet run, could not communicate with them.
BFL then waited 5 weeks for a new wafer run only to find out that their PCB does not work with them
BFL then reworked the PCB only to find out that the firmware needs tweaking

that's BFL who has done this time and again.

You say you ordered all your chips in one go and are just going to assemble 10,000 units and hope all is ok? can I laugh?