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Title: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: LiteCoinGuy on November 21, 2013, 12:39:26 PM Alpha Technologies Announces ASIC Miners for Litecoin are Coming Soon
Manchester, UK-based Alpha Technologies has announced it will start developing the first purpose-built ASIC mining hardware for litecoin, signing a partnership deal with Indian designer and manufacturer Dexcel Designs. http://www.coindesk.com/asic-miners-litecoin-soon/ Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Barek on November 21, 2013, 12:55:00 PM Wasn't that the thing that made Litecoin different from Bitcoin?
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Gabi on November 21, 2013, 01:13:39 PM Wasn't that the thing that made Litecoin different from Bitcoin? Why should not be ASIC for litecoins? Everything that run on a computer can run on specialized hardware. It runs on generic hardware, why the hell should it NOT run on specialized one?Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Barek on November 21, 2013, 01:22:27 PM Why should not be ASIC for litecoins? Everything that run on a computer can run on specialized hardware. It runs on generic hardware, why the hell should it NOT run on specialized one? That's how people sold Litecoin. They were told that it was only a matter of time until there were ASICs for Litecoin. I suppose there is a market now to make it worthwhile to start development. With it about to have the same properties as Bitcoin, there does not seem to be much point to it. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: LiteCoinGuy on November 21, 2013, 02:32:54 PM why is there silver when there is gold? no need for that :P
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Barek on November 21, 2013, 03:18:30 PM why is there silver when there is gold? no need for that :P That comparison does not work. Though I suppose it explains why Litecoin is valued the way it is. Availability of Litecoin ASICs basically makes it a Bitcoin clone. What then makes it special among the Bitcoin clones? The value of a virtual currency comes from people using it (or the expectation of people using it in the future). Bitcoin has a much larger user base, a much larger and therefore secure network, .... Imagine there was a second totally separate internet. Why would people use that? Gold/Silver/Copper/... are raw materials that were traditionally used as store of value. I suppose that is why people still use them as such. They also look nice. Here's another thought. Imagine someone set up a Litecoin2 and called it Copper. I'm pretty sure you would think that to be nonsense. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: lumierre on November 21, 2013, 03:41:16 PM why is there silver when there is gold? no need for that :P Gold and silver have different and unique industrial uses. The way I see it now, Litecoin and Bitcoin are the same stuff.Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: 420 on November 21, 2013, 05:08:44 PM Tell me when they're available to pre-order
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Rygon on November 21, 2013, 05:19:24 PM The price of LTC relative to BTC has been decreasing steadily for the past 6 months. No reason to think that won't continue since LTC is only trivially different from BTC. You're better off using that money to buy and hold BTC.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: 420 on November 21, 2013, 05:37:08 PM The price of LTC relative to BTC has been decreasing steadily for the past 6 months. No reason to think that won't continue since LTC is only trivially different from BTC. You're better off using that money to buy and hold BTC. 1st: you're wrong (price went up in June to early July 2nd: no one cares about past 6 months; they care about 3 months before that when the price multiplied by 5x vs bitcoin: http://www.cryptocoincharts.info/period-charts.php?period=1-year&resolution=day&pair=ltc-btc&market=btc-e #burned Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: cr1776 on November 21, 2013, 05:42:17 PM BFL is "shipping in two weeks." ;D
Tell me when they're available to pre-order Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: TraderTimm on November 21, 2013, 05:43:14 PM So these are Scrypt-enabled ASICs? I find it highly amusing that a group supporting Litecoin, who originally were promoting it as a haven for people who wanted to put their GPU's to work, are now adopting the technology that they decried as "centralizing mining power". Wow, what a bunch of hypocrites.
And that isn't even addressing the massive scalability problems that Litecoin will have if they attempt to get it anywhere near the total network size that Bitcoin is right now. What a clowncar of an alt-coin. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: 420 on November 21, 2013, 05:45:43 PM BFL is "shipping in two weeks." ;D Tell me when they're available to pre-order ass. BFL's finally catching up: https://forums.butterflylabs.com/blogs So these are Scrypt-enabled ASICs? I find it highly amusing that a group supporting Litecoin, who originally were promoting it as a haven for people who wanted to put their GPU's to work, are now adopting the technology that they decried as "centralizing mining power". Wow, what a bunch of hypocrites. And that isn't even addressing the massive scalability problems that Litecoin will have if they attempt to get it anywhere near the total network size that Bitcoin is right now. What a clowncar of an alt-coin. dude, did ASICMINER block erupters more centralize or decentralize the mining? Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Seth Otterstad on November 21, 2013, 07:29:57 PM Litecoin was originally billed as a CPU-only coin, with Coblee even threatening to change the proof-of-work after GPU mining was demonstrated. After GPU mining took over and Coblee was too lazy to change the proof-of-work, litecoiners started calling CPU coins "botnet coins". What will they call GPU coins now?
In two years litecoin couldn't even get 100 merchants. Meanwhile, Bitpay has 12,000 merchants and Coinbase has 13,000, up 2000% year over year. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: seleme on November 21, 2013, 09:41:42 PM I'll try to get some info about the guy and company. It's Manchester, UK based company and I know lot of local Manchester City fans so I have already sent some PMs.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: niothor on November 22, 2013, 02:09:54 PM Time to sell all the GPU mining gear :D
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Tirapon on November 22, 2013, 02:20:18 PM Here's another thought. Imagine someone set up a Litecoin2 and called it Copper. I'm pretty sure you would think that to be nonsense. Someone already did. They called it feathercoin. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: LiteCoinGuy on November 22, 2013, 02:58:30 PM Here's another thought. Imagine someone set up a Litecoin2 and called it Copper. I'm pretty sure you would think that to be nonsense. Someone already did. They called it feathercoin. And thats worthless. Litecoin has far the best devs and community after bitcoin. When time goes by, both currencys will have even greater variations. Its also a backup for bitcoin. If these devs do something terrible wrong, you can go with litecoin which is far more community based in my opinion. And its always the same: Example: You have samsung. Why apple, sony, motorola etc? People want to have options. And they think: dont put all eggs In one basket. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Barek on November 22, 2013, 03:23:54 PM And thats worthless. Litecoin has far the best devs and community after bitcoin. When time goes by, both currencys will have even greater variations. Its also a backup for bitcoin. If these devs do something terrible wrong, you can go with litecoin which is far more community based in my opinion. And its always the same: Example: You have samsung. Why apple, sony, motorola etc? People want to have options. And they think: dont put all eggs In one basket. In all your arguments you assume that Litecoin and Bitcoin are/will be different. Yet, this is here is a news post about the start of ASIC development for Litecoin. The claim that Litecoin could not be run on ASICs is the one property that sets it apart from Bitcoin. Once those ASICs are running, Litecoin is pretty much Bitcoin just with a different blockchain. And as you point out yourself, a direct copy is worthless. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: mccorvic on November 22, 2013, 05:55:31 PM Wasn't that the thing that made Litecoin different from Bitcoin? Of course. Now the litecoiners will have one less lame argument to make. Pretty much all that is left is "Please buy my ltc so I can buy btc. Please?" Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: wtfvanity on November 22, 2013, 07:48:25 PM BFL is "shipping in two weeks." ;D Tell me when they're available to pre-order ass. BFL's finally catching up: https://forums.butterflylabs.com/blogs Catching up? Quote Thursday, November 21, 2013 Shipping Update by BFL_Jody , 11-21-2013 at 09:48 PM Jalapenos 5 gh/s: May 28, 2013 Little Singles 25 gh/s and 30 Upgrades: June 24, 2013 Single 50 gh/s and 60 Upgrades: June 6, 2013 pay date They are only six months behind. I guess that is catching up after being 12 months behind. You're right. Thanks for pointing that out. lol wtf... Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: LiteCoinGuy on November 22, 2013, 09:46:14 PM And thats worthless. Litecoin has far the best devs and community after bitcoin. When time goes by, both currencys will have even greater variations. Its also a backup for bitcoin. If these devs do something terrible wrong, you can go with litecoin which is far more community based in my opinion. And its always the same: Example: You have samsung. Why apple, sony, motorola etc? People want to have options. And they think: dont put all eggs In one basket. In all your arguments you assume that Litecoin and Bitcoin are/will be different. Yet, this is here is a news post about the start of ASIC development for Litecoin. The claim that Litecoin could not be run on ASICs is the one property that sets it apart from Bitcoin. Once those ASICs are running, Litecoin is pretty much Bitcoin just with a different blockchain. And as you point out yourself, a direct copy is worthless. of course its already different today and will be even more in the future. i also mentioned some other reasons for a second crypto, and Litecoin is the best choice! Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: MaxSan on November 30, 2013, 01:13:47 AM Emailed these lot twice about meeting them and putting a face to the name for a number of people. Got zero reply. Not exactly someone I want to trust my money with considering not as much as a hello.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: eternaluniverse on November 30, 2013, 01:17:05 AM so Litecoin is now bitcoin but younger, I wonder how long before people realize this. Probably the same time, and ive been saying this over and over again, they realize they can buy 0.05 of a btc!!
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: daemonfox on November 30, 2013, 05:55:50 AM Here's another thought. Imagine someone set up a Litecoin2 and called it Copper. I'm pretty sure you would think that to be nonsense. Someone already did. They called it feathercoin. And thats worthless. Litecoin has far the best devs and community after bitcoin. When time goes by, both currencys will have even greater variations. Its also a backup for bitcoin. If these devs do something terrible wrong, you can go with litecoin which is far more community based in my opinion. And its always the same: Example: You have samsung. Why apple, sony, motorola etc? People want to have options. And they think: dont put all eggs In one basket. Try Megacoin... LTC should keep a close eye out... MEC is coming for its spot. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: rogue13 on November 30, 2013, 06:33:42 AM I don't care what people say, no crypto-currency is safe from ASIC chips. When a cryptocurrency becomes valuable enough, ASIC chips will be made. They may take longer to design, or cost more per gh, but they can always be made.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: smadbrith on November 30, 2013, 05:19:25 PM I don't care what people say, no crypto-currency is safe from ASIC chips. When a cryptocurrency becomes valuable enough, ASIC chips will be made. I can't agree more. Although Litecoin was designed to be resistant to ASIC design, Scrypt (as best I understand) was a cryptographic tool designed specifically to be expensive to design and build ASIC devices to target it. The inventors of scrypt never claimed it to be ASIC-proof, they claimed it to be ASIC-cost-resistant. The designers of Litecoin were probably more aware of that than anyone. there's great technical explanation of scrypt as a crypto-tool with regards to ASIC design cost here[1]. In my opinion, it is still serving the same purpose even if scrypt-ASIC devices are coming to market. These devices are going to be more expensive to design and manufacture, and are yet to be seen to have the exponential performance increases over GPU miners that SHA256 ASIC's have shown. Even if they do increase performance by orders of magnitude, they will do so at the cost of a boat-load of RAM and memory throughput, which is neither easy or cheap. This will slow the flow of ASIC's in comparison to the btc counterparts, and things would stay decentralized longer. If people can make money with a raw computing process, people will build computers to do it faster. The other differences between litecoin and bitcoin are pretty solid: transactions should happen faster, and there should be more total available to mine (The recent price spike seems to tell me that pretty clearly.) When BTC touched the price of an oz. of gold, the need for a "silver" along side got a whole lot more tangible. lol, forgot to mention that ltc is worth more than silver right now, I didn't realize until this very moment. [1] -http://www.tarsnap.com/scrypt/scrypt-slides.pdf Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: ||bit on November 30, 2013, 05:26:21 PM Wasn't that the thing that made Litecoin different from Bitcoin? Of course. Now the litecoiners will have one less lame argument to make. Pretty much all that is left is "Please buy my ltc so I can buy btc. Please?" I agree there are some lame arguments made - some really lame arguments. But I don't agree with those that think bitcoin is in a exclusive position of utility. Litecoin will likely succeed. Okpay just started accepting them. They can be traded on other exchanges. And MtGox will set off the chain reaction when they - not too far out from now - include them (and perhaps some other alts) with their new trading engine. Coinbase will accept litecoin in particular right after that. By the way, the developer of litecoin is employed at Coinbase. :) Some basic reasoning and admittedly my gut too tell me litecoin, from now, will blow bitcoins growth away by a factor of five to ten times in the long term. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: flynn on November 30, 2013, 06:02:07 PM Maybe the Litecoin dev team should made a statement that the cryto function would be modified should an Asic arise for scrypt.
just my 0.02 Ltc Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: justusranvier on November 30, 2013, 06:38:31 PM I can't agree more. Although Litecoin was designed to be resistant to ASIC design, Scrypt (as best I understand) was a cryptographic tool designed specifically to be expensive to design and build ASIC devices to target it. The inventors of scrypt never claimed it to be ASIC-proof, they claimed it to be ASIC-cost-resistant. The designers of Litecoin were probably more aware of that than anyone. there's great technical explanation of scrypt as a crypto-tool with regards to ASIC design cost here[1]. Bullshit.Litecoin was designed to be resistant to GPU mining. When that didn't work out, they just quietly pretended to have never made those claims in the hope nobody would notice. Anyway, this thread should be in alternate cryptocurrencies. The story does not meet Wikipedia's Notability guidelines with respect to Bitcoin. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: TraderTimm on December 03, 2013, 01:56:13 AM Bullshit. Litecoin was designed to be resistant to GPU mining. When that didn't work out, they just quietly pretended to have never made those claims in the hope nobody would notice. Anyway, this thread should be in alternate cryptocurrencies. The story does not meet Wikipedia's Notability guidelines with respect to Bitcoin. You're absolutely correct. These knob-slobbers made a point to say that the lowest common denominator was the driving force behind their farce-coin. And now, its trading like a penny stock, because nobody takes it, and the only "value" is some idiot called "fontas" organizing pump-and-dumps for it, on a clockwork basis. Who is involved with this coin is beyond me, other than the hopelessly optimistic. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: CoinHoarder on December 03, 2013, 02:16:21 AM I am still trying to figure out if these guys are a scam or not. I think there are at least 2 legit Scrypt FGPA companies, but I haven't found a legit Scrypt ASIC company. I'm reserving my judgement on these guys until they provide more proof.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: X68N on December 03, 2013, 12:48:07 PM 2 Things will happen.
1.Scryptbased Coins will gain or loose value against BTC 2. GPU Prices on ebay will drop like a hot potatoe! Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: smadbrith on December 03, 2013, 04:58:54 PM EDIT: link format
Bullshit. Litecoin was designed to be resistant to GPU mining. When that didn't work out, they just quietly pretended to have never made those claims in the hope nobody would notice. I'm the newb here, so I appreciate the education. having read coblee's annoucement of the project here(0), and his direct response to questions about ASIC's here(1), I'm a bit confused. I thought litecoin was sold as an improvement over btc for a few reasons, one of which is that scrypt is an improvement over sha-256 for resilience against specified hardware attack. I'm happy to hear about it if I'm wrong. Granted, that reddit comment above has been edited, and it's only a month old. Still, I haven't seen anything from early writing about ltc's motivation to use scrypt as a proof-of-work that says they ever claimed it to be resistant to GPUs. Anyway, this thread should be in alternate cryptocurrencies. The story does not meet Wikipedia's Notability guidelines with respect to Bitcoin. Isn't it? I see it in Bitcointalk > Other > Alternate cryptocurrencies (0) - https://bitcointalk.org/index.php?topic=47417.0 (1) - http://www.reddit.com/r/litecoin/comments/1o3fdz/we_are_the_litecoin_dev_team_ama/ccr1b86 Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: peer2peer360 on December 09, 2013, 05:39:47 PM If litecoin asic are gonna be expensive is it not wise to start forming a group buy & having the
Funds in a reputable escrow service until the technology is completed?? Knowing when asic came aboard for bitcoin many people knew it was going to Start making bitcoin solo mining some what obsolete for the little guy Imagine when asic come aboard for scrypt mining you came almost sense Its gonna be the same pattern... Solo mining could potentially be obsolete for the little guy as well.. Asic scrypt mining will mine many times faster than what your currently mining with. So you can either chose to make-it-happen or be the one whos-wondering-whats -happening Which one you wanna be its your choice Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: flynn on December 09, 2013, 06:30:27 PM LTC has been designed to be asic resistant.
If a competitive ASIC shows up, it would mean LTC has failed its purpose, and personnally I would just leave that train. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: repairguy on December 10, 2013, 12:19:30 PM I think the bitcoin gold litecoin silver argument is pretty much a waste. A silver to bitcoins gold is not necessary. Bitcoin is divisible to .00000001. Last I checked it would be difficult to purchase .00000001 ounces of gold. Silver helps to fill the gold divisibility problem. Bitcoin doesn't have that issue.
Litecoin was intended to be asic resistant, as has been mentioned before. An asic for litecoin could be made, however it is unlikely because it would be a very intricate asic. Also meaning very expensive. The main advantage of the asic is efficiency and cost. Amd can manufacture graphics cards and sell them at a reasonable price because they sell millions of them. Imagine a company making something as intricate as a gpu processor, except they wont sell nearly as many units as amd does and has to rely on preorder for most of there financing. Low quantity means higher cost. Higher design cost, higher manufacturing cost and higher cost to the customer. The only advantage the asic has left is efficiency. Would you pay 3-4 times as much for the same hashing power if the unit used less electricity? I cant see it being a successful venture. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: flynn on December 10, 2013, 12:27:57 PM Maybe. But Litecoin let me profit from my GPU, not bitcoin anymore.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Vigil on December 10, 2013, 01:44:11 PM Litecoin just doesn't see the magnitude of benefit from ASICs, it isn't that it is resistant or "not supposed to be mined with ASICs" or whatever. Its the memory-intensive nature of scrypt mining that doesn't allow the advantages of ASIC use in Bitcoin. mining.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: repairguy on December 10, 2013, 08:26:58 PM Its the memory-intensive nature of scrypt mining that doesn't allow the advantages of ASIC use in Bitcoin. mining. So the memory intensive nature of scrypt mining makes it difficult or increasingly expensive to make a litecoin asic? Litecoin was designed to be memory intensive? But it wasn't made asic resistant? Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: niothor on December 10, 2013, 08:36:28 PM Its the memory-intensive nature of scrypt mining that doesn't allow the advantages of ASIC use in Bitcoin. mining. So the memory intensive nature of scrypt mining makes it difficult or increasingly expensive to make a litecoin asic? Litecoin was designed to be memory intensive? But it wasn't made asic resistant? There is no such coin as ASIC resistant. It's just marketing , like the gold silver stuff some people cling. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: repairguy on December 11, 2013, 05:06:53 AM There is no such coin as ASIC resistant. It's just marketing , like the gold silver stuff some people cling. So the creators of litecoin, use the scrypt agorithm, that is memory intensive and would be difficult and cost prohibitive to create an asic for hashing, however that is not asic resistant??? Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: daemonfox on December 11, 2013, 06:04:23 AM There is no such coin as ASIC resistant. It's just marketing , like the gold silver stuff some people cling. So the creators of litecoin, use the scrypt agorithm, that is memory intensive and would be difficult and cost prohibitive to create an asic for hashing, however that is not asic resistant??? Nope... it is just cost prohibitive... fast memory is expensive... and the amount needed to be 50X+ faster than a GPU is staggering. Consider the following... BFL 30 GH/s (@ early pre-order) and a MrTeal 30+ GH/s ASIC using the same BFL chips is ~$700, and mines ~50X faster on SHA256d than a single Radeon 7950 @ ~$350. That is 3GB of GDDR5. For scrypt mining, that 3GB of GDDR5 @ 1800MHz communicates on a 384 bit lane with the GPU core clocked to 1200MHz (my OCs... everyone's are different), nets about 700kh/s. If you separate the core but increase the memory size and speed, you can increase the kh/s. But, that is not the same as going from a GPU core to an SHA256d ASIC core style of hashing... the GPU core doesn't make the scrypt hashrate that much faster... it's all in the memory bandwidth. That means to match the scale of an entry level ASIC for SHA256D compared to a GPU when building for scrypt... your focus is increasing memory size, speed, and and the size of the pipe communicating with the processor. Now imagine what it costs to put that 3GB of GDDR5 on a GPU... multiply it by 50... and then add even more moving from 384 bit lanes to something like 512 bit... or higher. Add that in with a custom processor to be optimized for handling scrypt, and you have yourself one expensive piece of First Gen hardware. I would LOVE to own one... odds are not in my favor until this is proofed and prices drop in Second Gen. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: repairguy on December 11, 2013, 07:32:04 AM I guess we must have different definitions of the word resistant.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: ctlegacy on December 20, 2013, 11:05:38 PM I just want to know if they are an actual company or just another rip-off.
I tried searching google but it just shows the website and that's not enough for me. Hopefully someone can find this out. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: nikom00 on December 21, 2013, 12:50:15 PM https://alpha-t.net/wp-content/uploads/2013/12/Scrypt_ASIC_Prototyping_Design_Document.pdf
here is their technology... anyone good at this have any comments? Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: GigaCoin on December 25, 2013, 11:46:18 AM i hear the first batch is already sold out? hmmmm didn't even know they started selling them.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: GigaCoin on December 25, 2013, 11:47:49 AM I just want to know if they are an actual company or just another rip-off. I tried searching google but it just shows the website and that's not enough for me. Hopefully someone can find this out. anything in crypto is v high risk. There is a chance its just a scam and there is a chance that they will deliver so late that it will be worthless by the time it is released. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Vigil on December 25, 2013, 05:18:12 PM i hear the first batch is already sold out? hmmmm didn't even know they started selling them. They just released the damn email today. The website is down... how can they already be sold out?It doesn't matter, these units are not profitable at current prices anyway. You will make like 200 LTC after a year if you got your unit Today. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: starsoccer9 on December 26, 2013, 02:27:03 AM As ussuall coindesk publishes another scam site. The site is now gone.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: seleme on December 26, 2013, 03:15:19 PM I just got bit info about them... not sure what are they capable to deliver but I asked some people in Manchester and there is a company with that name on the address they provided and it's there for years. So, at least, that part is legit.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: nikom00 on December 26, 2013, 03:48:37 PM I just got bit info about them... not sure what are they capable to deliver but I asked some people in Manchester and there is a company with that name on the address they provided and it's there for years. So, at least, that part is legit. Do you say that Alpha Technology were at that place for many years now? I personally thought that they were new, at least under one year old..Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: seleme on December 26, 2013, 04:48:43 PM I just got bit info about them... not sure what are they capable to deliver but I asked some people in Manchester and there is a company with that name on the address they provided and it's there for years. So, at least, that part is legit. Do you say that Alpha Technology were at that place for many years now? I personally thought that they were new, at least under one year old..No, their mother company, Akram Accounting or something like that. They said it's 25 years old family company and I got an info from some Manchester people that Akram Accounting is on the address they provided for few years at least. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: greentea on December 30, 2013, 05:29:50 AM they just released a picture of their 'viper' board on twitter .... ???
https://twitter.com/UkAlpha (https://twitter.com/UkAlpha) https://pbs.twimg.com/media/BctQTLCCUAAk38g.png photoshop anyone? Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: delphs on December 30, 2013, 05:31:44 AM sorry but it's all a scam... you can't ASIC scrypt...
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: niothor on December 30, 2013, 08:22:43 AM sorry but it's all a scam... you can't ASIC scrypt... Another one , do you people even bother to think before typing? You can make an asic for everything , scrypt sha256 it doesn't matter. The cost are more prohibitive for scrypt but that's all. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: stereotype on December 30, 2013, 09:29:40 AM Congratulations on the appointment yesterday Mohammed / Muhammad!...... http://www.companiesintheuk.co.uk/directors/alpha-technology-%28int%29
Am i missing something culturally, or could it be duff info? Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: ricm on December 30, 2013, 04:00:02 PM so if this is not a scam and someone bought the asics in one hour, who were they? do you see any changes in the hashing power these days?
btw: this is gonna kill the business for many miners who were supporting litecoin because there were no asics Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: verloren on December 30, 2013, 04:05:59 PM so if this is not a scam and someone bought the asics in one hour, who were they? do you see any changes in the hashing power these days? ...btw: this is gonna kill the business for many miners who were supporting litecoin because there were no asics The ASIC aren't even done yet. Alpha-T says they will begin shipping around Q2 2014. ASICs coming out will kill it for the small time miners, but theoretically should drive up the price of scrypt coins as they become harder to mine. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: crazy_rabbit on December 30, 2013, 04:08:12 PM so if this is not a scam and someone bought the asics in one hour, who were they? do you see any changes in the hashing power these days? btw: this is gonna kill the business for many miners who were supporting litecoin because there were no asics That really assumes that litecoin ASIC's are that efficient. At the moment it seems like maybe litecoin ASICS will be as powerful as self-contained GPU's, which won't really make that much of a difference. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: casascius on December 30, 2013, 04:13:48 PM I always thought CPUs and GPUs are ASICs designed for general purpose computing. A scrypt ASIC might be a fully functional CPU heavily optimized toward a specific task.
The way I think of it, somebody could create chips that removed things not used by mining and beef up things that are. Example, dump floating point and use that space to add instructions that do several of the operations demanded by scrypt simultaneously. Sort of the same way GPUs gain mass parallelism at the expense of a constraint that lots of threads must be executing the same code without variation. Imagine you could make a cheap graphics card that was cheap because it omitted all the components used for video that were unused in mining. This could qualify as a step toward a scrypt ASIC. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: flynn on December 30, 2013, 04:21:59 PM a specialized SPU* then, maybe you'll save 30% of the cost, but then you'll never compete with the low price GPU achieved because of the high volume they get produced in
* Scrypt-Process-Unit Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: patnor1011 on December 31, 2013, 10:21:20 PM They just added extra cost to every buyer, mainly buyers from EU. lmao
In order to get units to people who purchased them faster (funny as they will wait months anyway so week extra would not kill anyone), they are going to ship them from India. So not only VAT, prepare for hefty Import tax and Duty charges... Hope they will not forget eec and rohs stickers lol Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: tarzan on January 01, 2014, 12:26:58 AM And why are the arrows on the chasis? is it a multimedia player that mines? :>
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: abdullahadam on January 04, 2014, 06:32:45 PM Their site is up for orders now
£5450 total for 25MH/s https://alpha-t.net/product/viper-scrypt-miner-25mhs/ Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: contactmike1 on January 04, 2014, 06:37:34 PM Is the first order number possible 5000? Who's got a low number?
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: abdullahadam on January 04, 2014, 06:38:18 PM Is the first order number possible 5000? Who's got a low number? order 4861 right here http://alphat.emux.fr/ Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: st4nl3y on January 05, 2014, 07:57:53 PM found some strange activities + there is no real proof of a working prototype or even detailed product/ board design. to me it's just another "pre-order scam" I will keep investing in my GPU's :)
http://wck2.companieshouse.gov.uk//wcprodorder?ft=1 Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: abdullahadam on January 05, 2014, 08:00:56 PM http://wck2.companieshouse.gov.uk//wcprodorder?ft=1 Link doesn't work Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: st4nl3y on January 05, 2014, 08:15:32 PM http://wck2.companieshouse.gov.uk//wcprodorder?ft=1 Link doesn't work try this: http://www.companieshouse.gov.uk/toolsToHelp/findCompanyInfo.shtml use webcheck and search company number: 08483921 then click on " Order information on this company" and scroll down. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: abdullahadam on January 05, 2014, 08:59:01 PM Okay what's the concern here?
https://www.dropbox.com/s/vsixjajt1pwz74u/Screenshot_2014-01-05-15-57-51.png Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: st4nl3y on January 05, 2014, 09:21:30 PM Okay what's the concern here? https://www.dropbox.com/s/vsixjajt1pwz74u/Screenshot_2014-01-05-15-57-51.png https://i.imgur.com/Wo6I8sT.jpg Why would you open a company, struck it off the register, open a new company, change name/ address all under same director? in matter of months? hm... Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: nikom00 on January 08, 2014, 03:59:57 PM Okay what's the concern here? https://www.dropbox.com/s/vsixjajt1pwz74u/Screenshot_2014-01-05-15-57-51.png https://i.imgur.com/Wo6I8sT.jpg Why would you open a company, struck it off the register, open a new company, change name/ address all under same director? in matter of months? hm... One of the reasons for 29/12 may be that he wrote his full name instead. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Mustang_Brett on January 09, 2014, 08:46:08 AM Am I converting this wrong? Isn't the 5Mh/s the equivalent of 5000Kh/s which is only slightly faster than my GPU rigs?
MB Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: hownowbrowncow on January 09, 2014, 08:55:26 AM Am I converting this wrong? Isn't the 5Mh/s the equivalent of 5000Kh/s which is only slightly faster than my GPU rigs? MB Yep, that's right. The savings is in the electricity. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: anzy on January 11, 2014, 07:01:11 PM If anyone wanted one of the big Viper's (25Mh/s), I'm selling my spot here:
https://bitcointalk.org/index.php?topic=410595.0 Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: meljohn333 on January 11, 2014, 11:21:43 PM If anyone wanted one of the big Viper's (25Mh/s), I'm selling my spot here: why would you sale your spot in line?https://bitcointalk.org/index.php?topic=410595.0 Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Searing on January 12, 2014, 10:16:59 AM If anyone wanted one of the big Viper's (25Mh/s), I'm selling my spot here: why would you sale your spot in line?https://bitcointalk.org/index.php?topic=410595.0 er a bit of debate on forums if the asic litecoin miner is a scam or not.....because they take paypal most folks are sitting on hands for 30 to 45 days waiting to be impressed or to bolt and get a refund from alpha or if that fails paypal (paypal is within 45days) and or longer (credit card amex is 60days) so...there's the rub....are they legit ...taking paypal and looking like such ...or when push comes to shove will they do a BFL and repay the paypal via 45days or longer paypal via cc depending on your credit cards policy and run off with the money from BTC/Wire xfer/bank xfer/or LTC....where there are NO protections so there is the rub indeed..... myself have a 5mhz and did the 1/3 down via paypal cc amex and counting down the 30 days so far not too impressed or not enough to keep my spot unless I see some info on these boards (they have replied before now silent) or some other info of how it is going...like people stopping by their offices...some interviews ...some tours of the plant in india...etc etc so far I'd guess probably 1/2 or more of their pre-orders will punt their paypal at least....but then on the other hand i doubt anyone would have given them much money at all w/o the paypal method of payment with the protections... so imho we better see LOTS of info to calm nerves or it is a wash....with paypal got $$$ lost $$$ in 45days..w/o paypal no one would have ordered due to BFL and other scams up to them to dazzle us....better get to it soon Searing Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Blueman666 on January 16, 2014, 12:34:10 AM Well if this doesnt dazzle you maybe it will give you a laugh at least. Email from Alpha T today -
Task Name Duration Start Finish Viper ASIC Miner Project 238 days Tue 16/08/13 Tue 15/07/14 Scrypt Core and Chip Architecture 15 days Mon 06/01/14 Fri 24/01/14 System Architecture 5 days Mon 06/01/14 Fri 10/01/14 FPGA Implementation and Testing 131 days Tue 16/08/13 Fri 14/02/14 ASIC Development 85 days Mon 20/01/14 Fri 16/05/14 Viper Miner Board Design 95 days Mon 13/01/14 Fri 23/05/14 Viper Miner Firmware Development & Testing 118 days Wed 01/01/14 Fri 13/06/14 Mechanical, Thermal & Misc 69 days Mon 13/01/14 Thu 17/04/14 System Assembly & Testing 2 days Mon 16/06/14 Tue 17/06/14 System Integration & Testing 20 days Wed 18/06/14 Tue 15/07/14 User Manual 12 days Fri 18/04/14 Mon 05/05/14 Doesnt this just fill you with confidence? Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: incepted on January 16, 2014, 12:44:13 AM You could have spent the same amount now and earned enough to cover your initial investment and still be profitable. This miner would only benefit if it was released yesterday..
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: motatoys on January 16, 2014, 12:53:06 AM You could have spent the same amount now and earned enough to cover your initial investment and still be profitable. This miner would only benefit if it was released yesterday.. ya people don't buy these Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Searing on January 26, 2014, 06:19:55 AM Im mining litecoin I live in Manchester I may just jump on the 43 bus and investigate I know this area quite well, having worked for computer parts distrib for around ten years not far from these dudes, In fact I emailed them before Christmas but never got a reply... Anyone willing to stick a bounty on this ? I can push for face to face interview. You would be paying for all the beer I can drink in Manchester Town Centre for one day! Currently one litecoin is 4 pints of Fosters and a kebab on the Curry Mile. please do...i've come to fhe conclusion they are probably legit...but they seem to have the same skills as me and a buddy trying to make this work legitimately long distance with some connection we happen to have with a plant in india so i'd be more interested if it looks like the above (sorry can relate but if you don't know what you are doing....ie no more then me...(i'd be clueless too) time to bolt. if they show us some more prototypes with actual people around named do an informal interview ..show pics of the company picnic that kinda thing' i may fence sit longer before making a decision anyway consider it we'd appreciate it as you good deed of the year ...floating by the place (pics video scantly clad girlfriend plying them with drinks to get info.....the whole james bond route would be helpful...then post it here) sigh no one sticks anything interesting in the midwest of the USA (blazing blizzard outside as we speak) Searing Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: anderl on January 26, 2014, 06:44:09 AM yes I agree they are a bunch of joes that came upon the holy grail and are not adept at understanding what they really have. I expect they are putting too much faith in their manufacturer and that will result in a lot of shipment, customer service issues after deployment. I am very concerned at their capability to support manufacturer defects after shipping. My guess is they cannot handle it and will ignore many of them. That is a risk I cannot afford based on their inexperience. I mean they have only one engineer and he is only a recent college grad (Fiaz). The rest are just accountants.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Searing on January 26, 2014, 10:37:12 AM Ok dudes well Im up for this. as a litecoin miner, Id love to know myself. As I said I know the area well enough, and the community is of what we UK dudes call ethnic (hence the curry mile is around the corner from them) I worked for muslims for years on and off, they know everyone and everyone knows them as they run a big business since the mid 1990's Im going to post my BTC and LTC address in the sig, as all contributions to my currently out of work status are a big help! Ill be scouting from Monday. thanks james bond them ..video....recordings...have the girlfriend seduce somebody you seduce somebody............practice your james bond smirk we salute you.....(hopefully he does not end up like the other noob on this forum...so tragic...oops should probably not post this par..... Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Searing on January 26, 2014, 02:43:47 PM Ha Ha , well i did find a reddit page, I see someone has allready been there! http://youtu.be/SmsYxlgZ1IU is this the guy who croaked it? he didnt even get across the road. he says he pays a visit ..what happened...(play ominous music here...) hey you their baldy with the silky cat and the white suit...dr. evil you say..hmmmm anyway i was wonde...ack! Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: flynn on January 26, 2014, 02:57:17 PM Hmmm looks legit. There is a sign.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: stokecrypto on January 27, 2014, 01:17:59 PM the cost of the memory needed to mine script would make the asic they are advertising easily 3 times more expensive if it was legit
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: GoldSeal on February 06, 2014, 12:36:20 AM I bought 1 x 25 Mh/s unit because this is equivalent to roughly 40 x 7970's. Last year I was looking to host 80 x 7970's but this was not realistic given the power and cooling required. 40 x 7960's would cost me $16k USD. This unit will cost me $8900 and solves my power/cooling scaling problem. I feel this is good enough for me to make a $2700 bet on using a platinum AMEX which given me 90 days to file a dispute.
Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: GoldSeal on February 06, 2014, 12:40:14 AM Ok dudes I have an update. I telephoned them. Why? Because It dawned on me that I actually needed an accountant. They explained to me that they have 'nothing to do with' alpha technologies which I completely respect and understand. Of course they don't, and shouldn't have to answer any questions regarding Alpha Technologies. If you were an accountant, and your Family member happens to set up shop next door fixing cars, you wouldn't entertain people coming into your accountancy business asking if the car was fixed! Or if it needed a new gasket! Its Completely Right, I respect them as professionals. However I do actually need an accountant. And I need an accountant that understands or will be looking to understand Litecoin and Bitcoin Legislation as it comes in. I don't mind paying tax on profits - not that I have made any, but Ive been running a couple of affiliate websites not related to bitcoin since December, under the Governments New Enterprise Scheme. So Im going to see if, through mutual back rubbing, I can get a little further with this. THEY DID SAY TO ME ON THE PHONE That as accountants, they have no experience regarding paying tax on bitcoins, litecoins, Altcoins etc. Again, completely understand. The customers they deal with don't trade virtual currency, they are mainly restaurant owners and taxi drivers etc. They said I should perhaps look for an accountant with more experience in this field. My argument will be that should Virtual Currency trading become more and more popular, It would be educational for them to advise me, and surely this would be beneficial to them as family members venture into this arena. Id like them to look at my accounts, help me to process my receipts etc, but would they like to comment on possibly some pre-prepared questions from this forum I.E. You guys pick a set of Ten Questions, and I approach them with the questions and represent them. My appointment is mid February. Its a bit of a long shot if they will be disclosing anything immediately, but hopefully as a customer and a potential litecoin mining device customer, they will be kind enough to put me in contact with those who can answer some questions??!! Dude - you could just leave them alone. They obviously do not want to be your accountant. Frankly, they probably think your really annoying. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: anderl on February 06, 2014, 12:54:43 AM Dude - you could just leave them alone. They obviously do not want to be your accountant. Frankly, they probably think your really annoying. Since you bought one you probably do not want any information coming out that might make people uncomfortable with their decision call for refunds out of fear. You may not want transparency but the company did state it wanted to be as transparent as possible. So let them be transparent. Transparency is not reporting only the good things its also reporting what might be a problem. So I welcome the additional information from someone that is near by their offices. Keep up the good work Doc. Title: Re: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming Post by: Searing on October 09, 2015, 05:02:15 AM Heh ...still nothing from them sheesh.....close shop already...go to jail :)
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