Even if they shipped their POS miners what use are they? They can't get a return on investment. Heck, at best they may earn 5-10% back if you mined with them. Most people are looking at paying a VAT tax much higher than that. So, what use are they? What a shame, they could have kept us filled in at every failure along the road and we would have been more forgiving, patient, and loyal to them. We've all been there and understand shit happens. But, no, they chose to keep everyone in the dark and leave us all guessing and imaginations running rampant. At least if they'd clued us on in along the way we'd know what was happening and not accusing them of living it up on their new mega yacht, or running a massive Scrypt ASIC farm with everyone's paid hardware. Many ways to hide the hash rate. Just use a multi pool, which is what they were using by the way. 

According to their own words a Viper board with 11 chips are currently running at a whopping 10.3Mh/s? They state that 15 boards containing 11 chips each will run at 250MH/s, but from what they're showing us if assembled right now it would only run at 165Mh/s.

I bet this development update is 2 months old. They just want you to think they don't have your miners.

Man oh man are they ever going to drop the next pile of bull shit on their 13 remaining customers? Crickets, that's all I hear. If they built rigs they are mining, excuse me, "testing" or "breaking in" the rigs for as long as possible. Their main problem was that they got the hardware late and now that they need to mine with it to fill their greedy pockets with as much money as possible. After all with their actual cost they may be able to get a 60-90 day ROI, they just need to hold off until they are able to pay for the rigs through their "testing" or in reality, mining, and then ship it them to the customer who bought them on a large mark up to begin with. Alpha gets paid several ways, the only way I see these weasels operating to be honest with you. So expect more delays before you get your dusty used worthless miners. I really wish these guys go to jail over this. They will probably dissolve the company, find a way to run off with the chips, and say FU to everyone who bought in to their BS to begin with.

There first batch will be sold at auction after the government seizes their assets. Hence it will be known as batch 2 

Hhmm, I wonder what excuse they will use this time? They should just take a list of excuses and put them into a hat; then randomly pull one out every time they miss a deadline. The fact remains, they can't even operate a telephone line, much less keep a promise. These losers are all going to jail, how do they expect to ship anything from behind bars? The sooner the better!

They've stolen millions of dollars/pounds and they are going to get away with it too, unless more of their customers stand up for themselves! 

I'm betting they cancel all orders, the only reason that you got your 30% deposit back is because they couldn't gain access to it. Those who paid by means for which they have control over the money kiss it goodbye. They will close their doors, never ship a product, go bankrupt, and manage to keep all the chips through some slippery accounting book work. Why don't they just put these 10 remaining customers out of their misery already. No one else is expecting a product and is suing them in one way or another. Talk about a slow motion train wreck, that's a good analogy.

At least the first batch customers will receive 10% off future batches, free shipping, and some strange scheme of theirs. You can't say that they are all bad    Wish this would just end already, I'm losing interest in what happens here.

Looking over their terms and conditions they are still referring to 18Mhs/ and 90Mh/s units. I know this has been brought up before, but this is essentially the contract that they are bound to. Let's pretend they didn't revise it twenty times and invalidate the whole thing in the process. According to their current terms they aren't shipping 50Mh/s or 250Mh/s units to anyone.

This complete train wreck of a company isn't going to deliver anything but broken promises. I'm surprised they haven't dissolved the whole mess yet.

I bet they go out of business and keep all of the chips, any takers?

Funny how Alpha-T is out of stock of everything on their website considering the bulk of their customers are suing them in one way or another. They must have plenty of unfilled orders? Wonder why they don't even attempt to take in more money? Nothing passes the smell test with these crooks.

Putting money straight into coins is probably the only sane way left to go if you're still strong on cryptos.

When you think about it there shouldn't be any GPU miners left out there at all, unless they are running on free power. Even then, it's hardly worth it. ASICs are way too pricey to make sense. At least when you built a home GPU miner you were still left with a computer to resell, everyone needs computers. A custom built ASIC miner can't hold it value when compared to say a motherboard, GPU, or PSU.

Things were already like that 6 months ago. A year ago I had 250Mh/s of Scrypt mining hardware under my control. Only 80Mh/s of it was mine but I had pooled together a few hash cows and when a new coin launched we would hit it with everything we had. Insta mine 5-10% of all coins in existence then hold and dump them the moment the pump and dumpers started their market manipulation. Oh those were the good old days. When you could measure your profit in thousands of dollars per day. Yes we screwed it up  for all the small miners since we would stop mining the moment the difficulty went from 0.001 to 15.000 on the first jump.

Now days coin developers try their best to stop that from happening. They've done a good job of it too. Now all that's left is pure speculation, or a more accurate word, gambling it's the only way to make a buck these days. If your lucky enough to pick the right coins and then even luckier to sell them at a top price, buying them back on the dips, dumping them back on the highs, and laughing all the way to Coinbase for your fiat.

I can recall knocking a a few pools offline during a coin launch that will go unnamed. Since we hit the network as hard as we did coins were being generated more than once every 10 seconds. The pools crashed and we kept on going without any competition until the difficulty jumped by a factor of a 1000x. Don't even get me started on the real price of mining in a pool. They tell you 3%, but it's more like 15%.

The plug and play miners are gone, have been gone for at least 6 months, if not longer.

I'm here to declare home mining completely dead and a total thing of the past. There is now no way anyone can possibly make ROI purchasing any of the available hardware out there, period!

Not one product on Rigwarz.com can even come close to achieving a ROI, even though they say they can. I challenge anyone reading this to prove me wrong. After you're done embarrassing yourself i'll explain why it's impossible using any of the miners that one runs in their homes. Even if you get free electricity and pay 0 in pool fees, you still can't make your money back, period.

The days of making money by mining coins is long gone unless the price of bitcoin skyrockets. Which honestly, I don't see that happening with all the new regulations that are making it near impossible to use as was intended. It's a miracle the price has held above $350 for as long as it has. Everyday massive amounts of BTC mining hardware becomes obsolete as the difficulty rises.

The only way to make a buck mining is if you got the chips for free, say you trick a bunch of customers into buying them for you. Anyone come to mind?

I can't believe there are actually people who are still expecting their miners to be shipped over at the Alpha-T forum. Are they that excited to get a super high priced heater that requires internet access. Maybe you'll be able to control it remotely? That way you can get the house all warmed up before you get home? That's hilarious.

I can sense an update is coming soon. It's probably going to announce that to ensure proper quality control they will be delaying shipment of any hardware until they have thoroughly broken it in for a minimum of 4 months. This way each customer can be assured there miner will be reliable. New delivery date is pushed back until May of 2015. It's so nice to know they are looking out for their customers.

That's hilarious, I remember hearing about this a while ago. Forgot all about it though.

I say someone goes to their house's and toilet paper the trees and leave flaming dog poop on their doorstep. Can no one track one of these slimy bastards down? Isn't the dad still on the radar and was fully involved in the early stages. Nothing has shipped since he left, nothing has changed, don't see how he can say much about not knowing anything. Complain to the bureau that issues professional licences for accountants in the U.K. and inform them of the totality of the fraud involved. They will have serious trouble keeping their accounting licences if this is done properly.

A judgment is worthless if they go bankrupt, which they will before the pay out a dime in claims if they can help it. Your only sure route is to keep pressing your credit card processor. If you used PayPal to pay by credit card you should have two options. One to dispute directly with your original credit card, or to dispute it with PayPal. If you start a claim directly with your credit card PayPal will not be very cooperative should you call and ask for help. Go the PayPal route first, try a few times, if you still can't get your money back start calling the issuer of the credit card to open a dispute with them.

Bank Wires and BitCoin payments are not protected the same way. Wire transfers can be reversed 30-60 days after transfer, assuming the funds are still in the receiver's account. Fat chance of that, and BTC payments are pretty much SOL.

If you paid by credit card and or PayPal and haven't started your dispute you are risking losing due to the amount of time that has passed. Get on it now, like yesterday, the rest of you that can't go the CC or PP route will have to take your chance with getting your judgment against them enforced. You'll win the case, after Alpha-T's excuses prove to be BS. Now getting that judgment turned into your money is the tough part.  If they go bankrupt they won't have to pay a dime to any one who has a judgement against them. If out right fraud can be proven then they may be fined or put on probation, it would be shocking to me if they ever saw the inside of jail cell. But one can always hope!

I wonder why Alpha-T hasn't tried the old bait and switch, or promised the moon with their claims. Oh wait, they did that when they upped the hash rate 10x to keep the money rolling in. Oops, they've done the latter as well, promising to ship working miners months ago only to sweeten the pot with shares in the company, oh wait they changed their minds on that too. Oh well, I'm sure we can depend on them to keep their word. 

Alpha-T is never going to ship their worthless product. How many real customers can they possibly have left who are happily waiting for a product? I'm thinking close to 80%, as a conservative figure, have taken some other route to recoup their funds. They don't have much to actually ship at this point. The company is a complete scam and if they did actually build mining rigs it isn't for the purpose of shipping them to customers. They will resell the chips in bulk and mine with whatever they've got until the hardware is worthless. The end is here, it doesn't matter what Alpha-T does next. They are about to dissolve the company to avoid the mountain of litigation against them.

Retro, just ignore this fool. You're falling into his trap, yes he wanted to upset you, and yes he was successful. I'm sure he has broken some laws, so set the dogs loose and call it a day. Besides, sounds like a minor from the way he writes. Ignore him and he will go away.