That is why I love Litecoin. Volume and coins are well spread!
[/quote]

That is called liquidity.

This bubble chart shows all cryptocoins and their total trading volume summarized of all exchanges for the last 24 hours on it. The volume is denominated in BTC. Other second currencies like USD, EUR and LTC are getting calculated back to BTC to show the right data.

Is there any credibility to this???



If this is true and tapeout hasn't even begun then Alpha-Tech might be WAAAAAYYYYY behind.  Say 60-90 days for tapeout. Another 2-3 weeks to assemble and 1-2 weeks for shipping? End of October maybe even November?

Believe me, if they had any good news to deliver Fiaz would be on every forum, and all the reddit threads touting it.  They've posted full updates for something as inconsequential as the final case design (which looked exactly like the old case design).

If fiaz knew the chips had a deliver date of 10 days he would be talking it up.  Scheduling deliveries, getting the payment processor up and running.  Lol he would even put up the tracking number so everyone can see how transparent they are.  If Drexel had any information for them it would be posted here.  BUt Drexel doesn't.  Drexel probably completed the final tapeout but won't mask until fiaz delivers the next payment but AT doesn't have the capital to make the next payment so Drexel won't start the next phase.  This is probably why fiaz is so quiet now and he won't even come on here to respond to these allegations because he has no proof to counter them.

Even a stack of power supplies and cases would suffice.  How long would it take to make a few hundred cases?  2-3 weeks.  Shipping?  another 1-2 weeks.

If A-T did have manufacturing in motion how hard would it be to call up your foundry and ask them to take a few snapshots and uploaded them to dropbox so you can shut the naysayers up?  It would probably have the rest of your customers stop dragging feet and wire transfer the rest of their money to AT.  If AT had any proof they would post it.  But they don't and the only thing Fiaz can say is...."Look I know this is not want you want to hear, but there will be an update soon"

I would look for who represented the lawsuits against BFL, Hashfast, and Cointerra.  They probably have the most experience in this matter as they have already been through it enough.

I would be happy just to see the bare cases and power supplies that they "should" have staged waiting for chips and pcbs to assemble.  If they don't even have those how are they going to even get anything out in July.  They will be lucky if they have something out by the end of August

You do realize where you are, RIGHT!?!?!?

I bought LTC at around $4.17 April 2013.  I panicked when LTC dropped to $1.20 in Sept 2013 only to see it move to almost $50, 2 months later.  Cryptocurrencies are not for the weak of heart and those that can't sit on their hands.

This company is a scam. The same guy posts on litecointalk.org. He trolls the forum begging for LTC and claiming to be a buyer of several asics but has been exposed.

He tried this scam 2 months ago but without the website.

The network is not strong at all.  Anyone who mines it is mining at a loss.  Who ever is still mining is doing so just to keep transactions moving.  Since there are no miners supporting the network then the coin does not have a base economy. 

Miners are the foothold the short term viability of a coin until consumer and merchant support arrives.  Miners get coins which they will hoard or trade.  If they realize there is demand they will mine more.  More miners will arrive to support the network to capitalize on the return.  If trades see the appreciation in price then they will buy in further increasing demand.  This creates a pool of liquidity.  With enough miners and traders providing liquidity your regular consumer will start to invest.  If merchants see a sizable pool of consumers with coins to spend then they will adopt the coin and the pool gets larger. 

It's a sensitive dynamic.  If any one of them is too strong or too weak the coin fails.  IFC needs a significant protocol revamp.  The rewards are not enough to entice mining.  IFC needs a hard fork.

Notice the details of the statement.  Or the absence of one.

Fiaz (July 02, 2014): "Shipping is not expected to start on the 15th"

He never offered any information or even allusion to when shipping will start.

So while shipping will definitely not start on the 15th.... 2 weeks later than expected.  It may not even start in July.  If shipping would not start on the 15th but AT knew that it would start on the 30th then they would have promptly mentioned that in order to offset the bad news.  So shipping may nor even start in August!!!!!

Yes, it looks like the sub forums for the company, about us, the team are all deleted or are private now.  Most of them redirect to static pages on the alpha-tech website.  Others just 404.  More lock down.  I think Fiaz is scared of making too many amnnoucements public knowledge.

But it is a bit scammy to lock down discussion about company details.

I think that Vipers make rafts that is another use,




and as a go cart... some additional assembly required.




and to cover up those unsightly pot holes. 




And what gives since when did mining cryptocurrencies becomes a strictly business activity.  It began as a hobbyist activity by techy people with graphic cards.  It is NOT a business only activity.  There is not legal restriction preventing consumers from entering the cryptocurrency mining community.  Now if the UK requires that all miners be incorporated then that is another matter but they don't and any lawyer telling alpha-tech that is out of his gorge.  Fiaz is desperate if they keep touting that line about all their customers being businesses. 

Lol. I thought they were supposed to be transparent. This is why I feel things have reached critical mass at alpha tech. They were posting every step in the design process. Then announce chips are ready to ship and they want money. Now all of a sudden it is silent with a few vague announcements and statement about nothing at this time. And it's been over a month. And then recently the company starts scaling back is Internet presence.

Hashfast did the same thing. I give it about 2 weeks before bankruptcy rumors and another 3 weeks before you see an official filling of bankruptcy.

Because fix used a lot of outlets to spread the word he is cleaning them all up to reduce the chance of someone finding some nugget that will destroy their defense in court. It is a desperate move and even if it seams futile it might help in some ways. Lot at what the us irs is doing. Shading hard drives and not backing anything up.   Fiaz is hoping for a bungling court at this point.

They are having major scalability issues.  They did not anticipated the cooling needs of the data center growth. A lot of companies new to operating their own data centers go through the same growing pains.

Something is afoot at alpha tech. Fiaz deleting accounts on bitcointalk and litecointalk and editing alpha tech forum posts. No removing photos.

Assuming he has inside information that he has not reported to contenders yet I think that things are not going well inside the company and they are piling on the Sand bags preparing for the shirt storm when they have to announce that either they can't get a payment processor up and running, the foundry will not send them chips until they remit payment or both.

Imagine the backlash when that happens. So fiaz is going through all the old posts deleting all his "guarantees" and anything that he could be held liable for in a court of law. It's only July 1st, wait a week or two to see what a mess this thread will be.

Where are the chips fiaz!!! Post a photo with you and them in hand with today's newspaper!

You seem trustworthy...

You are right, let's just stick with the facts....

I'm just concerned that theft is a way of life there....

My apologies.  I guess Moss Side ends 3 units down from you.  Not sure if its any better in Rusholme though....

But thanks for the response.  I feel honored that out of all the hundreds of forum members here, some of them actually being customers you would pick me out of the masses to grace with your attention.  I'ts like being blessed by the almighty himself.  Thanks for reafirming yet again why I made the right choice dumping my units on ebay 3 months back.