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Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now! - page 236. (Read 529093 times)

sr. member
Activity: 433
Merit: 250
It is nice that we only had to put down 30% or so. That shows some trust, at least to us that paid with CC's with some protection.
Actually the 30% down may work against you, as UK law states they don't have to refund any of the deposit if you change your mind. If you had paid in full you would be entitled to a full refund up until the day of shipment.

They have agreed to partial refunds which on paper looks good.
 
But.........If I was an evil genius, that's exactly what I would do. Then wait six months spread a load of FUD so everyone cancels. I'd only have to pay 50% back minus £70 fee. So even if I only sold 1000 5MH/s units, I'd pocket a cool quarter million, totally legally, then fold the company due to lack of resources.

Just a thought


legendary
Activity: 1442
Merit: 1000
Antifragile
sr. member
Activity: 420
Merit: 250
sr. member
Activity: 420
Merit: 250
hero member
Activity: 616
Merit: 500
The Crypto's that survive will be tested in many ways. We have already seen that they will be tested security wise, network wise, legally, politically, religiously, etc. If building a chip (ASIC) can eventually have bad results for a Cryptocoin, then we need to consider that a test. There is nothing fair in this. We are talking about a disruptive technology. It is anti-fragile and if truly so, it should adapt and strengthen and survive in a more mature form. And for that to happen they need to be tested every which way possible.

These Cryptos, ideally, are for the benefit of mankind. So, to get there, it must be tested, really really tested. We are talking potentially trillions of dollars and millions to billioins of lives that will be interconnected with them. I don't want coins to survive because I have them. What helps mankind most is what I want to succeed. (But of course, it would be nice to have chosen correctly). A Crypto worth trillions, or even billions needs to be ready for any kind of attack, unfortunately. And until we get past this money thing, we need to improve on and iron out what we have. That will happen.

^-- This needs to be on a plaque somewhere in the crypto museum of the future. This is what people need to realize.
member
Activity: 84
Merit: 10
I emailed them twice, once a few days ago, and once a week ago.

Just concerns on shipping to USA, and my shipping address not appearing on my order.


....still haven't heard back.
legendary
Activity: 1442
Merit: 1000
Antifragile
Maybe the LTC Devs would fork LTC away Scrypt ASIC devices.

My BFL experience was a fun ride. I got my bank involved after I emailed BFL many times asking for a refund and being denied. I went onto the forums and posted some information I found on how to get a refund even after six months or longer. I was banned for life from the BFL forums and low and behold my ASIC was at my door less  -than a week later.

Congrats to you bro. I read that thread and it's an honor to meet you! You saved a lot of people a lot of money and some headache as well from BFL. Unfortunately I used BTC with them but am looking forward to my transferred order of 50Gh via Mining by the Gigahash, the way BFL delivers, sometime in April-June. I'll make at least .05 BTC over the life I figure. ehehe, but my others ventures were all successes.

Its about sharing
legendary
Activity: 1442
Merit: 1000
Antifragile
sr. member
Activity: 266
Merit: 250
alpha-t we are your customers, we need many answers...
legendary
Activity: 1820
Merit: 1001
alpha-t care to explain why you wont answer any of my 6 emails I sent regarding units collection marketing meeting, meet up in person etc.  Plus investment and group buys for my client base. I am local to your business and would like to meet in person and make arrangements over the phone however phoned several times to get no response.
newbie
Activity: 56
Merit: 0
That's a pretty quick change of heart -- do you know something the rest of us don't?
Sometimes it's just that gut feeling .... at least I got my refund back. I will wait for version 2 perhaps. See if they truly come through first. In the meantime I will gpu mine. Plus there is another company that was advertising a 25 mh/s for 800 gbp I believe...

you requested and received a refund from alpha tech?


Yes, I contacted them via email on Monday and they refunded via PayPal the same day.
hero member
Activity: 770
Merit: 500
Maybe the LTC Devs would fork LTC away Scrypt ASIC devices.

My BFL experience was a fun ride. I got my bank involved after I emailed BFL many times asking for a refund and being denied. I went onto the forums and posted some information I found on how to get a refund even after six months or longer. I was banned for life from the BFL forums and low and behold my ASIC was at my door less  -than a week later.
hero member
Activity: 616
Merit: 500
Regardless of Scrypt ASIC, people keep claiming the difficulty is going to be significantly higher 6 months from now.. how is that the case when the GPU ASIC foundries aren't even pumping chips out? And with the Chinese New Year upon us, things slow down. The OEMs are already backlogged and in some cases have market certain R9 product lines as discontinued the same month they were released, simply because there won't be any materials to make them all year.

Sincerely doubt difficulty is going to be *that* much higher in 6 months with barely any GPUs shipping. AMD recently said in an article they produce by the quarter, and the Q1 batch is already sold out. I wouldn't worry too much. We'll be waiting another month before the ships hit the shores with more cards.

The mining game will always be a rich man's game because at some point, most home users will be left behind as they can't grow anymore due to electrical constraints. Whether it comes in that form or ASIC, it will occur.
legendary
Activity: 1848
Merit: 1001
That's a pretty quick change of heart -- do you know something the rest of us don't?
Sometimes it's just that gut feeling .... at least I got my refund back. I will wait for version 2 perhaps. See if they truly come through first. In the meantime I will gpu mine. Plus there is another company that was advertising a 25 mh/s for 800 gbp I believe...

you requested and received a refund from alpha tech?



Well interested in refund too so please share you experience .

emailed 3 departments & PM'd the user alpha-t just now.

nothing from yesterdays email to payments@alpha-t.net
sr. member
Activity: 420
Merit: 250
THis will not just ruin High Electricity/GPU users, it will have a strong potential in destroying Altcoins all together eventually like bitcoin. It will turn into a rich mans game.. Difficulty will SKY rocket and when new multiprofit coin pools  open and will rise up with new signups they will be switching and dumping like crazy which will eventually demolish these coins... I dont think they realise the potential repercussions of difficulty rising and and more miners joining because very soon even these asics wont catch up and then more asics are needed..$$$ - What is it you guys say  " Shut up and take my money" Thats EXACTLY the words that are fuelling these scammers "IF THE RUMEROUS ARE RI"if infact they are whoever they are but most likely lurking the forums getting the info by our comments and people naive comments willing to throw all they got on these guys claiming they are the first to be able to produce these . sending in q2 q3
All I can say Is if you have free Electricity then you should be OK or even Very Cheap Electricity Via $12,000 Worth Of Solar panels on your double story house.. 12 Large panels to be exact, i will give you an example of one of my bills with Ducted aircon on through out the whole house in the summer 3 months of HEAT - total bill was $960 per Quarter, With the reductions and feedback into the grid the bill came down to $290 .

And Now again the bill is even cheaper they offered us an extra 15% of Electricity bills done by automatic payments.

But for the guys who are getting Smashed with Electricity the asic maybe the way to go..

All in all... I think Asic will turn Litcoin into Bitcoin... No one really wants that unless you have invested in over $10k Worth of equiptment AS A START - get ready to start upgrading...


Last of all I really dont know the if this will go ahead and if it does when ... Not very soon I can tel you that... Lets say you pay 5k on an order that will take  6 months to come... You either get scammed or you purchase the miner with only 5mhs which i nothing and will produce avergae reaults minus the power benifits. But by this time Diff has risen which bring profits down again... so be prepared for the next investement not long after for the upgrade.. You will not make your 5k back with in 6 months with alt coins I beleive .. Not with $5000
newbie
Activity: 16
Merit: 0
That's a pretty quick change of heart -- do you know something the rest of us don't?
Sometimes it's just that gut feeling .... at least I got my refund back. I will wait for version 2 perhaps. See if they truly come through first. In the meantime I will gpu mine. Plus there is another company that was advertising a 25 mh/s for 800 gbp I believe...

you requested and received a refund from alpha tech?



Well interested in refund too so please share you experience .
hero member
Activity: 532
Merit: 500
Looks like Hasfast is struggling http://www.coindesk.com/asic-manufacturer-hashfast-faces-legal-action/

I don't know if Alpha is a scam but do they have the expertise to get hundreds, maybe thousands of asics into production on time and on budget? I'm not so sure. I guess time will tell.

How anyone would actually trust Hashfast is beyond me, I mean look at their ceo:



I wouldn't trust him with a broken pencil.

Also I agree with what's been said, in this era of preorders it's hard to find the honest folks. You think they would go out of their way to distinguish themselves, so far they're dead in here on their own topic.

Most of these companies appear to be small start ups that rely heavily on preorders in order to source the parts required, and because of that their estimates are almost always off. Always based on estimates by the factory, so you get estimates upon estimates upon estimates.

I work in retail, and I can tell you that preorder means absolutely squat in real terms.
hero member
Activity: 616
Merit: 500
Looks like Hasfast is struggling http://www.coindesk.com/asic-manufacturer-hashfast-faces-legal-action/

I don't know if Alpha is a scam but do they have the expertise to get hundreds, maybe thousands of asics into production on time and on budget? I'm not so sure. I guess time will tell.

How anyone would actually trust Hashfast is beyond me, I mean look at their ceo:



I wouldn't trust him with a broken pencil.

Also I agree with what's been said, in this era of preorders it's hard to find the honest folks. You think they would go out of their way to distinguish themselves, so far they're dead in here on their own topic.
hero member
Activity: 770
Merit: 500
Can you share more info on your "expert team"?
hero member
Activity: 583
Merit: 500
That's a pretty quick change of heart -- do you know something the rest of us don't?
Sometimes it's just that gut feeling .... at least I got my refund back. I will wait for version 2 perhaps. See if they truly come through first. In the meantime I will gpu mine. Plus there is another company that was advertising a 25 mh/s for 800 gbp I believe...

you requested and received a refund from alpha tech?




Scrypt Asic's claims have been pretty thoroughly discredited. They won't be putting out a 25 MH/s unit, and especially not for that price.
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