In order to spare people the monstrous size of the files here is the link to the screen
http://imageupper.com/s02/1/4/N140667240152594_1.png

I wouldn't be surprised if they announce that they cant deliver their miner - BUT they made an awesome deal with one of the legit scrypt asic companies, so they can buy their miners with a little discount with your preorder money.

And the Alpha-T forum has been wiped clean …

except for this new topic: "A new direction for alpha-t"
(reproduced in part under the provisions of the Fair Use act in the public interest)



Later on in the thread Fiaz says he's asked the 'Doctor' to move all the old posts to new section called 'Old'
However, at the moment they're nowhere to be found. [ edit: Fiat says they have been moved to the archive. https://forum.alpha-t.net/index.php?board=40.0 Login required.

So … here one day … gone the next. Is that the plan for Alpha-T too ? Tune in again (soon) to the Alpha-T channel for more (not never) news.

Speculation …

a) winding down the company, starting a new one … giving customers shares in a new company and soliciting new funds ?

b) announcing new shareholder, new capital injection, increase the Viper to 500 mhs ?

Only time (soon) will tell.

Our forum is not for order, payment, refund inquires, as such they are deleted and the OP directed to the appropriate place of payments@alpha-t.net

Honestly, as long as you showed a detailed business plan ..

You were right  s1gs3gv. The big announcement is shares in the company.

http://www.coindesk.com/alpha-technology-blames-paypal-dispute-bitcoin-asic-delivery-delay/


Smells pretty desperate if you ask me. Who the hell is going to buy Alpha's overpriced junk in September. They will have to massively increase hashrate and cut the price. A dividend share of £0= £0

Your price is *WAY* off.  Current NICEHASH price is 0.00078810btc Per Mh = 0.197025 BTC Per day
If, and ONLY IFF, that price remains steady, = 9,254 dollars / $118 per day or 78 days.  But since the difficult rises by about 10% ever 4 days.  When we get our machines 60 days from now (if that) It'll be making around $24 a day, before electricity. At that rate : You're looking at 380 days... but we all know that in those 380 the difficulty will rise so much that you'll have to shut the machine off because the cost of electricity is more than you make.  So in other words.  There is a 0% chance of us making our money back if the delivery date is Sept.

Greetings Miners!

As you know we are nearing the end of July with no shipping date. We have previously said we believe transparency, even in the case of something negative like a delay, is something customers must know and will only help our company’s reputation in the long run.

As such we must unfortunately announce that we have had technical issues during tape-out which has caused us to have to do some portion of the ASIC layout one more time thus delaying the chip fabrication. Again, in the interest of transparency, we could have not only started this second tape-out sooner but also fast tracked it and corrected this issue if we were allowed funds from PayPal which they have decided to hold until delivery. We have had to rely on other sources of funding for this which we have achieved, so we are fully funded and tape-out is mid-way now there can be no more delay. In parallel to the tape-out process we have already started our fabrication of the PCB’s and enclosures, which we will display in our next update.

In the interest of there being no confusion, July while it was our genuine expectation, is not mentioned in our terms.

As a result of this we have decided to announce shipping to be September as per our terms, this is something we have learnt we should have done from the start so we can avoid expectations and hopefully only announce good news. We know this news is unpleasant for all rest assured this includes ourselves, we have always tried to do right by you but may have perhaps over promised when we should have been more conservative all we can do now is learn from this mistake.

 
We are pleased to announce the WebGUI is complete and will be available at launch providing an intuitive way to fully remote control your miners. Follow this link for the Viper instruction manual.

While we wait for shipping we want to continue providing details of our Viper up until launch. The Viper system will consist of three types of PCBs:

1. Power Distribution board for distributing power from SMPS (power supply) to individual Scrypt boards (CAD images below):

<image snipped>

2. Scrypt ASIC board – This is where all the chips will be mounted along with their power supplies. In order to complete the Scrypt ASIC board design we have had to wait for the final ballmap information from the foundry.  Here is a signal pin out diagram of the ASIC that we have designed. Scrypt board design uses this information to correctly connect all the signals:

<image snipped>

3. Controller board- This is where the CGMiner software and the Webgui will run (Carrier board CAD images below):

<image snipped>

We would also like to take this opportunity to clarify a complaint among some customers with regards to our cancellation policy. We have been very clear and open with our terms of order, it was released as a news update, it is easily available on our website and you are urged to view it on the product page before you order.

As far as if it contradicts with consumer laws; this is not possible as such regulations only apply to consumer products. We can assure you that our legal matters are dealt with by a leading law firm in the UK and our terms of order are completely legal;

they were typed up by solicitors who specialize in this area of law. All sales are legally classed as business purchases for many reasons,

one being that the hardware we are selling can only be used for mining cryptocurrencies

which is legally a business practice and a taxable activity according to HMRC (http://www.hmrc.gov.uk/briefs/vat/brief0914.htm).

We also want to remind you we have increased the hash rate of these devices from what we were obligated to deliver by 10 fold at our expense, our terms only state minimum 25 Mh/s. We saw we had the capability do it and made a decision to put customers first in order to gain their loyalty for future batches. We must also remind you of the benefits of being a batch 1 customer, you will receive free shipping for batch 2 and a 10% discount off any future batch of your choice (we hope to avoid pre-orders for future batches).

Kind Regards,

Mohammed Akram

Managing Director

Thanks2All for advices, here is email I just send them:

Hello Alpha,

1. Well I must say just again, that I'm not a business customer, I'm an individual. Ask MJAkram, your Accounts manager, he understands it , see attached Tax01. You don't even know for what I would use purchased hardware, so the statement "the hardware we are selling can only be used for mining cryptocurrencies which is a business practice according to HMRC" is completely nonsense. What if I use it for science/experimentation purposes?

2. I have no business license, I am a standart consumer and I'm not acting as a business. That's only your fradulent claim. There is NO WHERE in the HMRC does it say that mining cryptocurrencies is only a business activity. HMRC do not classify mining as a business activity, it can be done as an individual and profits treated as a Capital Gain not income. See this:
HMRC identified that all generation of profits from cryptocurrency transactions are taxable as corporate OR personal income tax.  There was not specification that the income generated was specifically corporate tax.  I hope this puts this B#$@#HIT that Fiaz is spouting to rest.

http://www.hmrc.gov.uk/briefs/vat/brief0914.htm

Corporation Tax, Income Tax and Capital Gains Tax treatment of Bitcoin and similar cryptocurrencies
As with any other activity, whether the treatment of income received from, and charges made in connection with, activities involving Bitcoin and other similar cryptocurrencies will be subject to Corporation Tax, Income Tax OR Capital Gains Tax depends on the activities and the parties involved.

Whether any profit or gain is chargeable or any loss is allowable will be looked at on a case-by-case basis taking into account the specific facts. Each case will be considered on the basis of its own individual facts and circumstances. The relevant legislation and case law will be applied to determine the correct tax treatment. Therefore, depending on the facts, a transaction may be so highly speculative that it is not taxable or any losses relievable.. For example gambling or betting wins are not taxable and gambling losses cannot be offset against other taxable profits.
For businesses which accept payment for goods or services in Bitcoin there is no change to when revenue is recognised or how taxable profits are calculated.
Corporation Tax: The profits or losses on exchange movements between currencies are taxable. For the tax treatment of virtual currencies, the general rules on foreign exchange and loan relationships apply. We have not at this stage identified any need to consider bespoke rules.

For companies, exchange movements are determined between the company’s functional currency (usually the currency in which the accounts are prepared) and the other currency in question. If there is an exchange rate between Bitcoin and the functional currency then this analysis applies. Therefore no special tax rules for Bitcoin transactions are required. The profits and losses of a company entering into transactions involving Bitcoin would be reflected in accounts and taxable under normal Corporation Tax rules.

Income Tax: The profits and losses of a non-incorporated business on Bitcoin transactions must be reflected in their accounts and will be taxable on normal income tax rules.

Chargeable gains - Corporation Tax and Capital Gains Tax: If a profit or loss on a currency contract is not within trading profits or otherwise within the loan relationship rules, it would normally be taxable as a chargeable gain or allowable as a loss for Corporation Tax or Capital Gains Tax purposes. Gains and losses incurred on Bitcoin or other cryptocurrencies are chargeable or allowable for Capital Gains Tax if they accrue to an individual OR, for Corporation Tax on chargeable gains if they accrue to a company.


3. About the terms - what terms did you fulfiled? The one about updates every week? With video and/or pictures? Or the one about project completion on 15.7.2014 (See the roadmap attachment.)? If you are going to consider your news items as contractual terms, then what about the other terms you are violating??? See the roadmap attachment.

4. There has been UK Citizens Advice Bureau contacted and they clearly explain this about distance orders:
Your rights and obligations
When you enter into a contract with a trader by means of a distance communication (telephone, internet, mail order etc.) you will often have cancellation rights under what is known as the Distance Selling Regulations. These state you are entitled to a written notice confirming the details of your order and the fact you have cancellation rights. If you have been given the notice at the time you place the order, your cancellation rights run from the time of order until  7 working days starting from the day after  you receive the goods. If you have not been provided with this written information, your cancellation rights are extended for up to 3 months and 7 working days. The trader must provide this refund within thirty days.

So as is written in my first email, I did everything according to law and now you have 30 days starting from 21.07.2014 to do a full refund to me.

Kind regards
...............

… as each day passes, it's looking more and more like Alpha-T are not going to ever deliver.

Fiaz Malik « Reply #34 on: Today at 11:18:49 AM »

"Apologies first of all when I said it should be released I genuinely expected it to however these updates sometimes incur a few days delay as information has to be relayed through multiple parties but it will certainly be any day now I assure you."

RISKY PURCHASE ALERT - Everyone should read this thread below first before purchasing... A lot of people think this is a highly risky purchase. MoonAsics deleted it and stated the page was reworked... I'll let you decide why.

Original thread - https://bitcointalk.org/index.php?topic=691836.0