Surely, if it was just a supplier issue, they must MUST have a at least 1 working prototype fro mthe very first batch of tested chips (how did they get the new speed numbers?)... we're not asking for all the machines to be shown at once, but surely, they must have a working machine that they can at least film working and take apart on camera for us to at least see that their chips even EXIST.

When you don't even have that... then of course people think scam. Though even scamming requires some degree of intelligence, alpha-t just entered a domain where they know absolutely nothing expecting to make millions. Now all they are trying to do is unfuck everything, but it might be too late.

The ban from the forums was the final straw for me mate, I want the ASIC but so far, we are less than 2 weeks away from when we were meant to get it, and I had some concerns about my investment, of course there could have been a supplier issue, but they were all about transparency to begin with and that seems to have evaporated in the last two months unfortunately, so I will be doing what I can within my power and within the laws of the UK and the EU, to make sure I am not £1,635 out of pocket, if that means missing out on an ASIC, then I guess that is how I must take it, but right now I do not believe giving them any more money is a wise option for me, of course this is only my opinion and I hope your ASIC arrives for you in a timely fashion mate

And they have failed to deliver on that agreement based on the original terms.  Adding additional hashing does not preclude the fact that they have missed their deadlines on providing cc payment options and shipping buy july 1st.

Not to mention the practice of changing the terms of agreement, deleting posts that can be linked to them and qualifying me as a business but not asking for business credentials/identification (tax id/ federal id/business id) only to skirt some laws to afford them more protection and force their customers into a position they did not expect to be in.

For all these practices I feel that there should be a suit to file against them.  Again its a lawsuit.  The purpose of to determine in a court of law (not on a forum) if Alpha Technology violated any laws.  If they did then we can talk damages.  But right now we need an investigation and filing a lawsuit is the best way.

Anyone planning on starting an AT lawsuit thread?  There seems to be interest and a number of people have already started legal action individually. Better to group together as a class action.

Best-case shipping date was July? Oh on the contrary, for day 1 people the best case was May/June, with a guaranteed-by of July.

My, how things shift. And I believe the others are correct, they'll likely be aiming for late August shipping. This goes back to what was discussed awhile back, they likely ran low on funds, and need the remaining funds to buy chips (either theirs from Drexel who claims they have no business with AT, or someone elses' chips) and then setup hardware to use the chips.

I would hope they already have all of the supporting equipment designed an in-house .... but why wouldn't they post about it if they did? Good luck to anyone stupid/brave enough to complete their orders, hopefully you get your gear.

And bumface, AT did this to themselves. Nobody could possibly harm them more than they did already. You can't possibly do more damage to a company who has shoved its crotch in the face of its customers and cursed them out, and then banned many of them (some who were just asking simple questions about how to complete payment) from the customer-service forum.

Now I know you're lying. Both the Chupacabra and Bigfoot told me they were shipping on Thursday. Well not shipping, Scottie from Star Trek was going to beam them straight into your living room once they got the Dilithium crystals working  

Yeah, and if there really IS a UFO at Roswell I'd look pretty stupid for doubting that as well 

The problem is there used to be 1 GH!

I asked before and got no answer so I'll try again. What happened to the new team members that had 200+MH/s miners running on the multipool?


From 7/5/2014

So much for supporting the multipool.

Whats the deal with Alpha, Bumface? And are FAbie en Paul affected by it as well?

Hey,

My wallet and ultracoinpool at 458749,
blockchain and nitro at 458593.

How is this not a fork?

From what I understnd bumface took off with ipo money and now everything is in disarray?

Considering this same team created Caishen (CAI) and then abandoned that and switched to CAIx, which is a full PoS coin, I suppose either CAIx has done so well after the switch that they hope to accomplish the same thing with UTC, or else they're just grasping at straws. Here are a few thoughts:

1) The short block times of UTC sounded cool at first, but I'm not at all convinced having more blocks more frequently is a good thing, beyond a certain point. 10 minutes is too long I think most will agree, but I'm of the opinion that even 60 second block targets are too short -- two minutes (give or take) is a better balance, but 20 seconds is just creating a flood of blocks. Could this be part of the cause of the lengthy startup times for the Ultracoin client? Will this get better with the PoS switch?

2) The general attitude in the cryptocurrency world right now is to mine stuff when it's new, in the hope you'll find a few diamonds among all the coal. Since UTC is basically old news, no one is really interested in it, and I don't think changing algos will help at all. UTC will switch to PoS and there may be a short-term price spike, but long-term I suspect it will continue to trend down. In fact, the number of coins that have trended up long-term is pretty small, and breaking away from the pack of garbage alt-coins is almost as much luck as it is something inherent in the coin design.

3) Scrypt-Chacha was an interesting idea as well, but over time the market is concluding that both Scrypt-Jane/Chacha and Scrypt-N are less desirable than X11/X13/X14/X15/etc. SJ was the worst IMO, though, as the N-Factor scaled too quickly at the start, and it hits the point where it's difficult to get running well within a few months. I suspect when the Scrypt-N coins start hitting NF-12 we'll see a lot of complaining once again. If nothing else, moving away from a Scrypt-Jane implementation is a good thing in my opinion, though becoming non-mineable in the process is sort of two steps forward, two steps back.

4) Regarding PoS interest, I've noticed that on some (many?) PoS coins the actual annual interest scales according to some other factor. The result is that coins that claim 15% annual interest can end up with far lower returns than 15% -- or if not many people are staking, the returns can be higher than 15%. Since this same team did CAIx, I checked my interest so far and it does look as though scaling is not happening -- or if it is, it's slightly in my favor. Hopefully this would be true of UTC as well, as if there's one thing that will really upset people it's promising one level of returns and providing something else.

Anyway, I gave up on Ultracoin last week and cashed out. I had mined earlier and in a week or two I had only generated something like 1500 UTC. Right now, I could generate almost that many UTC in a single day. Thankfully the bag I was holding was pretty small.