Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 211. (Read 529093 times)

Call the CAB, you're entitled to a full refund.

As I don't like leaving stones unturned.

I called citizens advice today. They assured me that Alpha's refund policy is totally illegal under the distance selling regulations and they are referring Alpha Technologies to UK Trading Standards.

If you have cancelled with Alpha and only received part payment or just want clarity on the law I suggest you call them.

The No is 08454 04 05 06

Just because something is written on a company website. It doesn't make it legal.

Asked for my refund Wednesday, chased daily since, they've given me plenty of information about matching competitors hash rates, but nothing on the subject of my refund. I don't need time to consider my options, my option was for a refund @75% minus admin fee. I accept those terms and want my money.

Next week will get legal.

@Its about Sharing.

This my friend is why I push so hard. Everyone else just let that guarantee statement slide. I didn't, neither did you. Now we have clarification. You may not like my methods but at least I'm asking the questions. Many of you aren't. It is not acceptable to throw around empty promises on internet forums. It makes you wonder what else is just an over zealous statement.

If you can be bothered, read through my posts you'll see I am not calling Alpha scammers. I think they are young chancers, in way over their heads and are making this up as they go along. Its all well and good when things are running smoothly but what if something goes wrong. Who on their team has the years of business and engineering experience to put it right?

You say they have a business plan. Was it in their plan to knock a 400% hole in their budget and re-open pre-orders half way through their development cycle? I don't think so.I think they will be very lucky indeed to meet their stated aims.

If you're happy with that equation, cool. But personally I think if people keep giving money to companies like this its only a matter of time before there is another massive crypto disaster.

There seems to be a lot of naivety in the crypto community. I don't know the demographics, but I'd surmise its because there are a lot of people who got a lot of "free money" and late comers desperate to get in on the gold rush, throwing money at these magic money making machines without even the slightest due diligence.

You keep going on about evidence. I have provided plenty throughout this thread. I paid for their company records, posted trading standards documents that question the legality of their refund policy. But you and many more of the Alpha T customers haven't bothered to read them, or dismiss me as a hater. You seem blindsided in your zeal.

There is an adage. "Fool me once shame on you. Fool me twice shame on me" This community has been fooled more than twice. Where do you think the shame lies? Isn't it time we did something about it?

 In the interests of transparency I bought 2 Titans on launch day so I have skin in the game now. I hope for your sake and for the wider community that Alpha do make it. Just a couple of months after KNC

Later

Oh, those 9 GH were just in my dreams. I wish I actually had that many. I do have an order for the small one, so that's still 16 MH.

Yeah, the Feed The Children was good in November and December last year, people were more generous then. I'll just safe keep what is currently there since it's not yet enough to buy a few bags. Thank you for your donations, the children appreciate it.

I'm not trying to chase you away, what I'm saying is, you would do more good by being more realistic and giving EVIDENCE.
What good does it do attacking people who clearly have a business plan and are communicating it every step of the way?
Why are they scammers? Can't they just be a new company trying to get a product out? And they only asked for 30% down, no one else has or had done that.

You call it protecting, but it looks an awful lot like just plain attacking. Show me the evidence, you can't go attacking based on mostly groundless assumptions.
This form of protecting is like a woman who was hurt by one or two guys and now hates all guys who look remotely like the men who hurt her, and can't see any good in them. (I only mean this as an analogy, nothing personal meant.)

I think its great for you to show your side of things but just do it in a more productive and constructive way, it would help then. Just attacking looks just like attacking and nothing of substance.

That said, and related to what I said above, I am concerned about the wording of their recent release. Notice what I posted on their forum:

 
IAS

I too have ordered one.  Got the news of the upgrade but still not 100% satisfied yet with updates.

Bloody hell how many did you buy??? 

BTW, not to hijack this thread. But your feed a child charity is a pretty cool thing to do brother. Its a shame  this stuff doesn't make the news but Mark Crapeles and his ilk does.

I'll be sure to donate a few spare satoshis tomorrow. Keep up the good work man!

Woot, my 2.5 GH just turned to 9.0 GH?

I have a couple of orders from Alpha Technology and after I heard the news I can only say that I'm happy I did order.
My order is shared with a friend and he was also amazed by the news.

Of course it all depends on how development and production goes but we do get regular updates (contrary to BFL last year with the Singles).
They seem to be hard at work and mentioned that in a few weeks we will see boards and components and a prototype running.

At the end of the day nobody has forced me to order and seeing how things are going and the deal we just got I'm so far not worried and really looking forward for some working prototype. Tapeout is underway so it is realistic for this miners to ship by July.

Can't fault Alpha Technology so far and I do believe we will get our orders shipped on time and will cover the cost of them with mining.
I'm not in it for a huge profit, only people that can invest tens of thousands are, I'm in it for the fun of mining and supporting Alt Coins.

When Alpha Technology will deliver they will prove they can do it, humbly and with a better 30% initial deposit: a FIRST in the mining industry.

I support them and really wish all the best for them with their first mining venture and their future ones!

Big up AlphaT!  
  

@ Its about the sharing.

My only ulterior motive is to not see the same scam happy shit storm that was BTC asic development happen to LTC.
You may be happy to bury your head in the sand and pray a completely novice startup, run by guys I've got whiskey older than, working out of an abandoned kebab shop won't lose even more bitcoin millions.  I'm not

You seem to think the failure of a company like Alpha only affects their customers. It doesn't. It reflects on the whole crypto community.

If we keep lowering the bar we'll continue to get ripped off. Scammers are circling the crypto community like hungry wolves and all you seem to come up with is "Be positive man"

After the fall of Gox, we're just a couple of high profile failures away from mining for pennies again. So excuse me for wanting to make sure I protect something I've put years and thousands of £'s into.

BTW. It was the constant pressure from people like me that got Alpha to even show up here in the first place and my posts about KNC on this and the litecointalk thread got you this hastily cobbled together upgrade. But hey I'm just a hater right?

Anyway I'm done here. I was just hanging around to see what Alpha would come up with next. I was hoping they'd throw in a couple of strippers and a weekend in Vegas then I'd definitely be in.  Alas they didn't so I'm out of here.. Good luck.

I'm personally very interested in seeing how this works out for all those who will be purchasing a mining rig from this company.  They seem to be legit but not sure how effective the rigs will be because I'm not a miner.  Just hope people make some coin from their purchases.

retro72 - I'm curious. What is your intention here? It doesn't look like you are looking out for people. Judging by the content of your posts, it seems like you are just judging Alpha Technology and trying to scare people from doing business with them? You only see the negative. I see the risk and the positive, but you are just one sided. Who wants that kind of perspective here? Just people who are interesting in stopping Alpha Technology. Us customers are very aware of the risks. In large part we have been in this game before, with btc.

The language in which you speak seems like you are trying to nitpick. For example you asked:
I don't have $10,000 to buy a miner from KNC Miner (that was just announced yesterday) but I can come up with 1500 Euro since I put 500 Euro down and have some
time to come up with another 1000. And this started MONTHS ago. The only other choice is a group buy, but I'd like to have the rig and again, KNC Miner just made mention of their rigs yesterday.
The best you can say is my quote of you above? That has alterior motive written all over it. You are too one sided and considering everything communicated thus far, you are off base, and clearly.

With Alpha we have gotten updates which is pretty comforting and they are on track. They have been EXTREMELY communicative to us customers. They have responded on their forum to my and
other peoples questions. But you skip over everything positive and focus on the hate. That just isn't reality.

Also, they are located next to their family accounting business which has been around for years in England. They are not about to run off with our money.
I just don't get your hating unless you have an ulterior motive, and to be honest, judging by your language and totally negative posts (which is unrealistic - you should see both sides of an issue),
I'd say you do have an ulterior motive. What is it? You sure are not creating comfort here? You want everyone to drop their orders, would that make you feel like you are doing a service, or
would you be earning a paycheck?

My suggestion to you, since you seem so intent on giving them out, is to look at the good along with the risks. People see through one sidedness quite easily.

Peace out,
IAS

I think this has been mentioned before, that it's likely "break even" is covered by the 30% deposit.
As it stands, I think they will be looking at a nominal return or just break even, but at least it will get them in the game...
I'm not sure I would say spending $10k with KNC is "splitting the risk".
If I had $10k to invest in scrypt rigs right now, I'd be all over those gridseed units, they look awesome, and you could have 14mh right now

True. But who in their right mind would buy this pre-order now that KNC have announced? And if you are an existing Alpha customer surely common sense would dictate you buy one from KNC and split the risk. Not double up with Alpha.

They must be cutting their numbers pretty fine if a few cancellations and an apparently "already factored in upgrade" has caused them to reopen pre-orders at this stage.

It only makes sense to re-open pre-orders if existing orders get cancelled.
They will have a R&D/production bottom line to meet...
Not really oracle like predictive powers, more like simple economics...

Lol. Just as I predicted. Re opening preorders. What a joke.

I love this line "the fact we were the first to start (we started May 2013) means we will inevitably ship first" roflmao. I'm guessing you haven't heard of Butterfly Labs

That's assuming they deliver on time if at all, which is a big if at this point.
Anyway you're welcome.

While I'm here let me do you another solid.

Fiaz. You do realise you have put in writing a guaranteed July delivery. Not Q2/3 but July. GUARANTEED!!
What will your customers get as recompense if you fail to deliver this?

Yes, ranking by Customer Support:

1 - Alpha-t 9 (Cudos+)
2 - KNC
Somewhere at the bottom, under many ecological layers, BFL.