The Gridseed was dead before not on arrival because their policy was clear: for every $6 you give us, $1 goes for development, 1$ for your product and 400% for us to make free hardware with your money.
For Alpha-t i will be seriously willing not to pay the remaining 70% and get a 75% refund of the deposit minus 70£ i will still be better off than with junk 5MHs when everybody else is mining by the 100 MHs
There are many ways Alpha-t can recover, for example open batch one again for more people with a large ticket fee of say 10%, of course no one will take that offer before a singing and dancing prototype is produced.
For Alpha-t i will be seriously willing not to pay the remaining 70% and get a 75% refund of the deposit minus 70£ i will still be better off than with junk 5MHs when everybody else is mining by the 100 MHs
There are many ways Alpha-t can recover, for example open batch one again for more people with a large ticket fee of say 10%, of course no one will take that offer before a singing and dancing prototype is produced.
Wow, KNC putting out a 100Mhs Miner for $10,000 USD?
When did they start having those for pre-order?
That is a game changer.
Dude I told you this would happen back in December. KNC had said they would make a scrypt miner the day they started. Its been in the pipeline for months. But none of the Alpha T crowd wanted to listen.
The post from Alpha T and the hastily copy and pasted news letter stinks of desperation. They have been caught completely with their arses hanging out and are trying anything to stop the flood of refunds.
Its absolutely ridiculous to guarantee shipping in July. What will you offer if you fail? The coin they would have made if they had been mining?
It's pretty easy to make all sorts of promises on an internet forum. You lose nothing if you fail. You go back to being accountants. Your customers lose their money.
I'm amused it took me posting the KNC link on this and the litecointalk thread for you to dream up this "upgrade". You must really have your finger on the pulse over at Alpha tech HQ. You're no doubt running around trying to figure out if you have enough money in the kitty to fund it, if you have to open up batch 2 or just head for the Bahamas.
BTW if you do decide to get a refund don't let them fob you off with 70%. Contact the citizens advice bureau or trading standards and get a full refund. Their refund policy is totally illegal under the distance selling regulations in the UK.
Well, what KNC did (which was inevitable) has cause me to get 2.5X as much or more hashing power (or so) for the same price! I am so damn stoked about this!
KNC Miner is probably going to deliver 111MHs or something like that for $10,000. About $90 per Mhash. Alpha Tech was at around $250 per Mhas (on the 5Mhs model, assuming 6 was delivered).
Roughly, Alpha probably will have to up the Mhs to 15 or so to make things roughly equal, a bit more than double.
Of course they designed the units for something like this happening. Chips are CHEAP, the problem could be in the design. Doubling the chip quantity
IS NOT the same as doubling everything else. Just put another board in. It reduces Alpha's profits but such is things at the start of a venture.
So, no worries, I'm all smiles. Still not finished with the experiment of course. Alpha Tech via KNCMiner basically gifted those of us who took a chance a nice reward.
Thanks Fiaz for upping the hash. You guys did what you had to do and we thank you for it.
Note - It is primarily non customers writing the complaints, perhaps all. Most of us have stuck through the experiment and history making.
We appreciate the feedback and such along the way.
If you guys deliver on time you will have done what KNC Miner did AND MORE!
Congrats everyone,
Its about sharing.
