Wow, that's is a really long winded rant. That could have been said in a few sentences.

Paraphrased: We are warning you to stop complaining. If you don't stop your complaints we will use this as an excuse to hurt our customers when we go bankrupt. We have given our souls, really, we made a deal with the devil to make you happy. To prove how happy you are we have deleted everything negative from our forums. See it's a happy place god dammit! Now be thankful for our generosity you ungrateful little bitch.

That seems to be a more concise version of their statement. Either the author of that statement is high on drugs, if he's not, he needs to be.

Now for those who are worried about the argument that these machines can mine crypto-currencies for profit, they can also be used with BOINC to help SETI look for alien life. You can choose to use it for this purpose in your arguments.

Also, those pictures do show a lot of power plugs. You're going to need to daisy chain several PSUs together. Three 850W PSUs should work, you'll need to use multiple "dual power supply adapter" cables. Do a search on Google, or eBay. Assuming Alpha-T doesn't provide said PSUS.

The holes are a bit small to allow for unrestricted airflow through the case, given what I've seen so far I would expect these units to be very noisy. Make sure you have a separate room for it, that's all I'm going to say.

Aren't you forgetting about the increase in difficulty. By the time you get your Viper running the difficulty will have tripled. Other companies will have shipped out their ASIC hardware causing the difficulty to instantly sky rocket. If Alpha-t ships their hardware a month after KNC, or ZoomHash delivers theirs there will be no hope of getting a return on your investment.

If history has told us anything it's going to be a lot of "hope" and "soon" talk. With a dash of patience will be rewarded with more hash power.

I wish I had read this part earlier. I admit I watch too much TV. One of my favorite shows lately is "CNBC American Greed". I've watched every episode and I'm always amazed at how these clowns are able to get their hands on huge amounts of money and treat it like it's petty cash. I laughed to myself at the end of one of their last episodes. The show sometimes is able to interview the criminals from behind bars via a phone interview. The one thing they always say, even after they're in bars is, "It was the (insert regulatory organizations) fault, and they are the ones that brought it all crashing down. We had a plan to make things right but the (insert regulatory organization) stepped in and that's how the money was lost". In this case the organization that's bringing things crashing down is the "cryptocommunity".

It's time to organize! The writing is all over the walls. You aren't being paranoid and you deserve to be provided with meaningful updates with respect to what's happening with your money. You have strength in numbers!

Most reputable law firms will take a case on contingency. If they lose, they don't get paid. If they win they can keep as much as 33%. That's just the way it works. You need to organize yourselves. It could be as simple as someone starting a Google document that people can go to and add their personal info regarding Alhpa-T. If you get even 100 people organized I think that you would be ready to start shopping for a law firm to take the case. You can always add people to the case as it develops. If done correctly no one will have to send anymore money to anyone for anything. I think that small claims court is also a good choice, and again I would advise that you organize and hit them all on the same day.

If things are as bad as some of us fear. This is a race to get Alpha-T's assets frozen, assuming they have assets to freeze at this point. It could already be in an offshore bank, or they could simply cry bankruptcy.

Stop playing nice and grow up already. The gloves are off. Do you want your money? Now, someone who is in the UK, and is well spoken should be the face for the group of victims. I know there has already been some excellent information provided in previous posts about how to navigate the UK's legal system. If Alpha-T is uncooperative then there will be delay tactics and false promises made in order to slow the process down. That's why you need to start now.

DISCLAIMER: I was broke when Alpha-T was taking pre-orders and I've been watching this from the side lines. I haven't been through the emotional roller coaster the way you folks have been. I have no money invested with them, but I have friends that are in the hole for as much as 100k.

For those who don't know about the Internet Archive you should check it out. https://archive.org/web/

I find it interesting that this domain used to belong to a private investigation firm based in Asia. You can see those web pages too, just go back to 2004-2005. The irony is kind of uncanny.

This website, The Way Back Machine, doesn't update every time Alpha-T updates their web pages, it's just how often their archive bot crawled the pages.
The site caches the entire World Wide Web  and saves it for public access. Maybe you can find some pages to use as evidence in your upcoming court battle. You can also get a good laugh by going back to see what big name websites used to look like in the late 1990’s. Looks childish compared to today. I digress...

I started Scrypt mining in early December of 2013. I personally leveraged the hill using my credit cards to put together a 75Mh/s GPU farm. I spent about $70k setting things up. I ran it for 6 months and pulled in about $70k worth of BTC that was converted to fiat as quickly as it was coming in. The farm was liquidated for $20k when I literally pulled the plug about 2 months ago. Total gain at best was $20k for 6 months of hard work. I consider myself lucky, it could have turned out so much worse.  I was so close to buying into Alpha-T, a couple of my friends went in deep. They are in the same county and are running a 90Mhs GPU farm; they put money down for at least 10 of their (at the time) 25Mh/s units. Last I heard they found a deep pocketed investor who put in even more money when the faster speeds and (the convenient) openings for Batch 1 were announced. I'm sure they are way more than $100k in the hole for deposits, forget about paying off the balance.

I would have put money in for sure if I wasn’t already maxed out on every credit line I could get a hold of. For that reason and that reason alone I’m sitting on the side lines watching this play out.

I know how devastating this may be for most of you. I really feel like there are two camps here. Those that have accepted the truth and those that refuse to. It's been interesting reading all of these posts. I wonder how many of these user accounts are controlled by Alpha-T? Some of their supporters will blindly follow them over a cliff, others need to believe in them because the truth is to painful to accept. Those people unwittingly help keep this ball rolling by finding any thing that they can latch on to to show that good people like themselves aren’t victims, It’s the company’s fault for slow shipping, delays in manufacturing, etc. etc. etc...

Folks, there is nothing coming to show for your hard earned money except for a flood of emotions to process before you can see things clearly for what they really are.

I'm here to tell you that Alpha-T is in big trouble. At best they had good intentions but they've strayed from the morally correct path and have gone to the dark side folks. Your money is paying for their homes, cars, fancy dinners, vacations, etc... They are going to dodge and delay until they are checkmated. It will be years before any of them are sent to prison. They are too busy covering their tracks and putting together their defense to ever worry about getting their company back on track. The company is a loss, and it's clear they've cut that loss with the current attitude towards their customers. Why should they be nice and forthcoming? They have no product to sell and If they don't stop taking payments they have no hope of avoiding criminal indictments.

This is what I think happened, in roughly this order as well:

- A couple of accountants decided that they were going to lead the charge to develop custom hardware for Scrypt mining. Knowing they have no experience but decide they’ll figure it out on the fly. Dollar signs are dancing in their heads as they see easy money for the taking due to the arms race for the fastest mining hardware. Knowing this is the perfect opportunity to take advantage of pre-orders, watching how other companies had gotten away with it during the BTC ASIC arms race. The plan became more about how to get those dollars than making miners. 

- They hire an IT guy to help get things going. This person is not qualified for the task but gives it his best because of the promise of a big paycheck. (they needed a large staff, not a guy)

- They announce their GPGPU as their plan, then change their minds. Their first plan was to essentially build custom PCI-E graphics cards loaded up with multiple GPU chips.

- Then they announce they can do better, and ditch the GPGPU design and will now make actual ASIC chips, not heavy duty GPGPUs.

- They establish a relationship with Drexel against Drexel’s better judgment. They too are seeing $$$ signs and don’t want to leave it on the table. Drexel agrees to work with them and goes as far as posting a vague official announcement on Drexel’s website. Probably at the request of Alpha-T, and possibly contingent upon their future working relationship.

- Without any thing to show accept for a lot of lofty promises, and an announcement on Drexel’s web site, the money starts rolling in faster than they dreamed.

- They again announce they can do better and change their plans. This pattern is repeated several more times. They keep announcing changes or improvements to essentially a non existing product. The community rallies behind them and even the most skeptical start to think that maybe this is for real. 

- For a moment it appears that a couple of accountants might actually be able to deliver on their grandiose plans to change the landscape of GPU mining literally overnight. .

- Drexel finds it difficult to work with Alpha-T because they have no experience, don’t understand the industry speak, or the pitfalls of trying to go run before you crawl. The constant changes throw the timeline completely off track. They probably started butting heads with Drexel because they are taking short cuts. Drexel is telling them to, measure twice cut once. They continue to take short cuts and when it doesn’t work they blame Drexel. Drexel realizes they are dealing with a bunch of unprofessional clowns and sees the writing on the wall. Drexel ends their relationship with Alpha-T  for breach of contract. They remove all traces of Alpha-T from their website. Any product that was made is now tied up in litigation. Alpha-T either can’t pay the bill for the chips, or the chips don’t work and Alpha-T refuses to bite the bullet and eat the loss so that a new batch can be put into production. I’m guessing there are some big egos at Alpha-T, they can’t take constructive criticism, or accept responsibility for anything. It’s always some one else’s fault.

- Alpha-T starts to implode from the inside out. There is no one left to run the ship. Anyone with half a brain sees this as a toxic mess. Instead of focusing on making mining rigs Alpha-T goes into full damage control mode. Clever payment schemes, by making customers wait beyond the chargeback date, switching payment processors and closing out accounts to ensure the money only flows one way, in not out.

- At this stage Alpha-T is probably no more than just the Akram brothers. Falling back on the one thing they actually can do, accounting work, your money is being moved around like it’s a shell game. They will ensure it will take years to unravel the threads and prove criminal intent.

- Alpha-T is written off as a loss in the minds of the Akram brothers. They no longer provide meaningful updates, refunds, real customer support, or anything else that a company must have in order to survive. They know it’s over, do you?

I'd love to be wrong here, but the writing is on the wall for those who care to read it. Think about it folks, they can't produce any picture of anything. Not even a partially assembled prototype missing the key component, the chips. I can't understand why they don't at least try and give us a picture. It would buy them more time and give hope to those who refuse to believe they've been scammed. We would see that they are actually using your money to attempt to make a product. No photo, no product = no good!

What’s left to do at this point? I know many of you want your mining rigs, it’s too late to expect the mining rig to pay for itself. If you put down anymore money that would increase your losses, even if you ran the hardware for a year. Remember you can’t go by today’s numbers to make your ROI calculations. By the time the machines ship out and are turned on the combined added hash rate will cause the difficulty to sky rocket. If the prices hold stable but the difficulty triples by the time you get your mining rig online, is there any hope of it ever paying itself off?

I know there will be some people who agree and others who disagree with my opinions. Either way, I hope these bastards don’t get away with this. I’d love for nothing more than to see all of these mining rigs ship out. However the chances of that happening are slim to none – and slim just left the building.

The launch happened already. The countdown timer was wrong which meant those who were in the knew made off with most of the coins. Blocks 1-150 were worth 1500 coins. Blocks 150-300 were worth 1000 coins, and then it dropped to 50 coins after block 300. Now think about this, it only took 10 minutes for those first 300 blocks to be solved. If you didn't get in early your missed the train completely. You're earning nothing compared to those a few minutes earlier. Does this seam fair to you? I bet the Developer and his friends aren't complaining. They left something for us at least. Blocks 6800-10530 are worth 500 coins, but in the mean time there is nothing to see here, move on...

What's the point in putting up a launch clock if you launch the coin hours before you're supposed to. Unless this was part of the plan?

- Blocks variables:
Block 1-150 -> 1500 Coins
Block 150-300 -> 1000 Coins
Block 6800-10530 -> 500 Coins

I hit block 755 in a matter of a few minutes. I thought this coin wasn't live yet? I'm mining it and the difficulty has jumped from 0.00024414 to 0.2500000 during this time as well. I guess I should have started a few minutes earlier.

It looks like whomever got those first blocks made a killing. It's over now. The block value was 1500 a few minutes ago, now it's only 50. According to the OP.

- Blocks variables:
Block 1-150 -> 1500 Coins
Block 150-300 -> 1000 Coins
Block 6800-10530 -> 500 Coins

That's the same error message I get on Windows 7 and Windows 8 machines.

Wallet crashes on every Windows machine I install it on. No way to mine to my Silkcoin address since the wallet crashes as soon as it's opened. This is a mess.


Scrypt mining isn't a good way to evenly distribute coins. Should have gone with another algorithm. I was excited about this coin but I'm already over it. I'm jumping off of this sinking ship. There are too many N-Scrypt and X11 coins I'd rather be mining. I rarely mine Scrypt, it's not a fair playing field. Should have gone with one of the new algos.

It looks like they fell asleep

We're ready to go, where's the wallet and github link?

Thank you very much

4Dtq3EPyuPhpHpjPAn1ZvnR65AwKtP4EQp

I got lucky and hit a 42 block solo mining after only 30 minutes. Easiest money I've ever made. Since I'm not in a pool I can take control of my 42's in 20 confirmation and have them sold before most pools PPLNS system has even gotten a confirmed payout. I sold mine at 1495, about $60. I also bought a bunch at 1060, sold at 1380, bought back at 1200, sold again for 1460, and one last time at 1200 and out again at 1360. Turned $100 into about $220, not counting the solo block I hit. Thanks for launching this coin, so far it's been a lot of fun. I love how the wallet syncs up in like 20 minutes, nice change of pace.

It's my understanding the MultiPort 7777 only switches to profitable coins. Mooncoin still haven't got any value, right? Unless I missed something, i didn't see any of the normal exchanges I use offering to buy MoonCoins.  Why would the MultiPort switch to it? It's disabled for good reason, if you want to mine MoonCoins you can point at that specific port and mine them to your hearts content. Still don't know why everyone was mining them the past few days? Its my understanding that they are pretty much worthless? I guess they are expecting  repeat of DOGEcoin which aint going to happen. The MoonCoin miners are probably hoarding them with hopes of a big pay day? I'd give that about a 0% chance of happening, but hey I could be wrong. I mined them for a few seconds by accident and ended up with 32 MoonCoins. If it becomes profitable I'll be all over them, but for now it has no business on the MultPort.

That's because DustCoin has their math all wrong. They had the difficulty level for DGC off by a factor of 10X all day. They've also incorrectly listed WDC block rewards as 40.3 when it really 54. They have consistently shown WorldCoin as being approximately 20%-25% less profitable than it really is. Ever since the first time I saw it the website, about a month ago. I posted in the bitcoin forum thread. I hope they correct the mistakes. I see they fixed DGC but they haven't fixed WDC yet, and I doubt they will. To be honest I think it is a misinformation campaign? That way everyone will leave the WDC mining for those in the know??? I'm not just saying this based on their numbers. My GPU farm runs at 35MH/s and the money at the end of the day doesn't lie. That's why I go over the profitability myself, don't trust any site out there. Coinchoose seams to have the fewest errors of them all' that's not saying much about the tools we are all using here. There has to be something better, as much as I love MultiPool if they don't stop depending on these sites to make profitability decisions someone else will come along and do it right. Just saying, i'd like to stay here.

Why are the WorldCoin calculations on your site always so far off? For example, right now  WDC is listed as 93.8% as profitable as LTC. But the real profitablilty is 112.6%. Your site incorrectly lists the block reward for WDC at 40.72 when in fact it is 53.95. I've also noticed your DigitalCoin calculations are way, way off. It currently shows DigitalCoin at 932% of LTC. The real profitability is 43%. The difficulty level for DigitalCoin is incorrectly listed at 1.377, when in fact it is really 10.02. Your site shows if you're running at 1,000KH/s you'd earn 219 DGC in a 24 hour period. In reality you'd earn 30 DGC in a 24 hour period, assuming the difficulty and reward don't change during that time. I've not looked at the other coins to see how accurate they are, but it would be great if I could use your site to check the profitability of WDC without having to re-run the numbers myself. Great site, I know I might be saying negative things about it, but I love it and want to see it work!

I'm still waiting for reimbursement for down time that occurred on 12/15/2013. I mined at approx 25MH/s for 12 hours without ever getting paid. I messaged you weeks ago but never got a reply. I then opened a support ticket, still never got a reply. I know blocks were solved, it showed it. I should have earned around 100+ WDC. I'm now running over 35MH/s and will not come back to your pool until this issue is resolved. Please help.

Cryptsy is one of the worst exchanges I've personally used. They charge 3% to sell, + another 1% if you use their automatic sell on deposit option. My coins can take anywhere from 12 hours to 6 hours to show up. It can take 2-4 hours to get my BTC out of that place. Compare that to Vircurex, they charge 2% and my coins show up in 10 confirms, literally 5 minutes wait. When I withdraw my BTC from Vircurex. It hits my coinbase account before I can even refresh the page. You can make your own decision as to what you prefer. Vircurex's prices are usually a little bit lower than Cryptsy, but by the time you add back the 2% your saving it works out to the be the same. Plus you don't need to pop a blood vessel trying to place a trade

I am really loving these new US servers. My GPU farm runs at 34Mh/s but I could never get more than 28-29/Mh/s from the stats page. Now it shows me running at 33.8Mh/s!!! Finally I can spend a little less time solo mining.

On a  side note, I did really well on WDC last night. I hit 7 blocks in 10 hours. I'd rather be able to be part of a pool though.

Other than the blistering new speeds, I did have one problem. I had one of my workers temporarily banned. Fortunately my automation scripts provide a unique worker name for each rig, otherwise I would have been really SOL. The problem seems to have cleared up for now. I have it set to not submit stale shares, so not sure why it was misbehaving.

I actually wanted to post a warning about a new virus that I got last night after downloading a MoonCoin Wallet. I was on a few sites related to MoonCoin and I got infected badly with a CSRF attack. I highly recommend you check into it. I believe the attack's purpose was to change the payment address in my mining pool. Make sure your addresses are locked down so they can't be changed. I know this doens't really belong in the Newbie section, but what can I do?