Is it too late to buy in for their next batch? You'd think they would be focusing on their next product.

Those pictures give a whole new meaning to hashing power.

What are they in control of? Sounds like they outsourced everything, including the non-existent customer service. So if a customer gets a faulty "Unit", or if they refuse delivery, it goes back to India? This just gets better and better doesn't it.

It's clear that most of these ASIC manufacturers are testing or "burning in" their machines on the actual network instead of the test-net. BFL is a perfect example of this business model. They were more interested in running customer machines for their own benefit then actually shipping them. They held back customer machines to the tune of 3% of the entire BTC network. Might not sound like a lot, but it represents a lot of money.

So now we have AT, and they aren't even in charge of assembly of their units. I can just imagine it now. All of these Vipers running in India for weeks or even months before being shipped to the UK. Where they will likely be tested again so that AT can pocket as much as possible before shipping a worthless product. Essentially it's a double dipping out of the customers mining hardware.

Why spend the money on building supplies they don't need. After all, this company has how many employees? If Alpha is responsible for assembling your mining rigs then I'm sure they'll crank out at least one or two a week. Probably take them months to build all 10 miners that are actually still paid for. If they wait much longer they won't be shipping anything to anyone. Buying cases and boxes is probably the last thing they are worried about. They can't even keep a phone line operational, and we expect them to perform magic building ASICs?

"Rest assured" there will be no shipment in October. At best they will ship their sloppily assembled garbage by December. In the mean time they're hemorrhaging refunds left and right with no new business coming through the door. How they even expect to still be operating a month from now is crazy. They have broken every contract they set forth. Everyone will want their 100% refund. The Viper is grossly overpriced and even if it somehow ran on fairy dust as a power source would never come close to the competition's ROI.

This is interesting, if nothing else. 

If they did actually make any mining rigs, I think they are keeping everyone in the dark about it. Think about it for a second? They have built an entire mining farm paid for with your dollars. Everyone thinks they don't even have a product to ship. I say they have plenty of them and they and are mining with them. Those machines are the only thing keeping them afloat. Their cost to build the rig was 1/3 the actual MSRP retail price. They wouldn't have even bothered if the mark up wasn't at least 50%. These greedy bastards have realized that the most profitable thing for them to do at this point is to use the mining rigs to recoup as much money as possible before shipping to the customer. No one will buy from them again, their name is mud, what do they have to lose? They claim it was delayed, ship you a worthless product, and keep all of the revenue.

We know they are not honorable, they would throw each other under a bus in a heartbeat, and they are greedy bastards. Thinking like a greedy bastard I would do exactly what they are doing. Not show a working product, keep it ultra hush hush that they have a mining farm, and in the mean time keep sending us drawings and empty cases with "rest assured" it will be "soon". Translation, rest assured that once we have squeezed every last coin out of your mining rig that we will soon send it to you.

So what's this with the refunds they are now offering? If you paid in full you get 30% back? Even if you paid in BTC? Now they are even offering to give back the 30% deposits to people who haven't paid the remaining balance, as well???

Hhhmm, sounds to me like they would rather keep your mining rigs. Especially if you're willing to give up 70% of your deposit which probably was enough to build them 2 or more units at that price.


Why does no one else give them this much credit, after all, do you really think this was all vaporware from the get go?

Alpha-T are trying to hedge their bets. It's more profitable for them to run the mining hardware until it's worthless. I think a lot of people are overlooking this possibility. After all if they actually had the hardware and were trying to ROI with it before selling it to you would they want any evidence that their product exists? They may have a mining farm running somewhere? They keep sending us drawings and we go along with the wait. Now they are keeping 70% of the money from paid in full customers who don't want a worthless product. It's a win win for them. They claim incompetence and make profit from every angle. Don't think they are done, Alpha-T is done in name, but they will reemerge as some other name. They might be behind some of the other competitors? Probably promised to sell them chips if they bought in bulk? Who knows, but it's clear they are not honest or trustworthy.


Who wants to start a pool on whether Alpha-T ships as promised? Put me in for $10 that they won't ship on time.

I don't want to bash people for taking a risky chance. After all I'm just as guilty. Had I not been maxed out on every credit card and leveraged to the hill building the GPU farm, I would probably be a customer of Alpha-T.

I have a family member that worked for Intel at one point. He actually told me that Scrypt ASICs wouldn't be available until July of this year. This was back in January. We were talking about how long it would take from start to finish, assuming no mistakes, and you had an infinite amount of money. I had a good idea back then that Alpha was a long shot even if they were top notch in this field. Since they were total newcomers I was skeptical. The first major red flag for me was the picture of the outside of their storefront. There were many things wrong with that picture. Did that look like a place that was capable of building and shipping millions of dollars worth of high tech electronics? No, it looked more like my barber shop. Or maybe a sandwich shop. Am I right?

Either way I don't want to to say I told you so, because I didn't. I said to be careful.

LiteCoin has increased by a couple of hundred Gigahashes over the past 48 hours. By tomorrow morning the difficulty will jump 15%, that's a fact. Once mining rigs start shipping the difficulty will probably double every week or two. This is going to be interesting. I honestly don't believe that any of these Scrypt ASICs will be able to achieve a high ROI. The end consumer is just too far down in the chain for there to be any meat left on the bone.

It was November of last year when I first learned about Bitcoin and Litecoin. Without really knowing anything I ordered $25k worth of GPUs. By the end of November I was running a 27Mh/s GPU farm that was earning about $800 a day, after power costs. A month or two later I was up to 75Mh/s farm, with a $75k price tag to match. It was a full time job running all of this hardware. After 8 months I ended things, sold most of it on eBay. I recouped my $75k, plus $10k profit. Would I do it again? Not in a million years. I was paying $1k per Mh/s. Now you can get a 1Mh hashlet for $17. What does this tell you? That the depreciation of mining hardware is measured in hours or days, not months or years. The few extra months Alpha is making you guys wait should be measured in dog years.

IF this company is for real, and that's a big IF to a lot of people out there right now. It's my guess they won't be shipping a product for a least a few more months. This train wreck is already off the tracks, we are all talking about damage control at this point. If they ship you a product in December that at best will recoup 10%, maybe 25% of initial cost, after power consumption. Any remaining customers who stand a chance in hell of recouping their funds that haven't started the process will definitely try. What's left of the company after that? Most of the C.C. funds they received are gone. Or at best being held back until a product ships. Either way this company is toast. Their product is worthless, unless you are into really expensive paper weights that suck down enough power to run an illegal grow house with the heat signature to match.

Those that paid via Bitcoin, their only recourse is to take them to court. That will be the finishing blow. As i see it, this sinking ship is still sinking and we are about to pass the point of recovery. If they miss this deadline, if they weren't already toast they are now. This leads me to think they are fine tuning their legal defense. Since they have no product to assemble, have never shown us a single thing that anyone of us couldn't have duplicated on our own, for not a lot of money.

That's what has me worried. I could have matched them at every step assuming I was planning on running a scam. Anyone one of us could have filed paper work to start a company, rented an office space, put up a sign, paid for some professional graphics and drawings, fabricated a case, and manipulated Drexel for the semi-official endorsement. Total cost, less than then one of their supposed miners.

They obviously have an exit strategy, probably was one of the first things they came up before they even started. After all what good is a scam if you can't pull it off successfully? The no refunds after 5 month policy, makes perfect sense. If you knew that all of your customers were going to be waiting for ever. They can claim they tried but were incompetent and have no money left. They have probably opened numerous other companies they aren't affiliated with but have control over. This way they can show that they paid for goods and services to build the miners when in reality it's all an elaborate trail of paperwork that only a team of accountants could do and reasonably expect to get away with it.

I hope I'm wrong, but why Alpha-T refuses to ease their customer's worries is beyond reason. It's obvious they have nothing more to show us. That's all they have themselves. How is that even possible, unless they've outsourced this whole thing and aren't in control of it. Something is seriously wrong here. Best case scenario extreme incompetence is the reason for the total failure, at worst it was all planned this way from day one. They knew that they would be protected.

If I were to pull off this scam, I would have given more updates ensuring the money kept rolling in. Giving reasonable explanations and promises to give more to the customer if they would just keep the status quo. Sound familiar? I guess we will have to wait and see if they are for real or not? I'm not a customer, but I'm watching this carefully.

UPDATE FROM Alfa Teknawlogeez! After many months of delays and excuses we are proud to finally unveil to the world our flagship product. The Viper 250Mh/ per minute Crypto currency mining business tool.

Please hold your applause until the room settles down. You may feast your eyes on what all of your hard earned money has gone into.

It's a drawing. A very, very, expensive drawing. One that your money has paid for.

 Now we were never required to provide this drawing, We are doing this out of the goodness of our hearts.

The chips don't really belong to them, that's why the stickers. If it were thier own custom made chips how freaking hard would it be to have them laser'd at the factory.

i was really worried about the sticker, so glad they showed us the final drawing. Like anyone gives a rat's ass what the sticker on the chip is going to look like. How about some pictures of the chips? And the magic wand you're going to wave to magically make this all ship in a couple of weeks, LOL!

Who wants to bet they don't even ship a product until Nov-Dec? No way anyone is getting anything later this month. I needed a good laugh, thanks Alpha-T for being so funny!

Soon

Their website is still down? If it stays down this could be the beginning of the end. Poof they're gone, just like that. They've probably fled the country to their new home on a private island somewhere. 

Come on guys, you'll get your orders soon

BOINC which is compatible with Scrypt hardware doesn't only do SETI work. They also crunch number related to cancer research. Plus many other projects that I've forgotten the names of. Other crypto miner manufacturer's are pointing out this fact as well.

Sure it makes perfect sense. I once had every computer (over 50 CPUS) at my company crunch SETI numbers while employees were at home. You get points for submitting work. Either way, If I had a Viper I would probably play around just to see if I could make it do SETI work. My point is that there are other legitimate uses for it besides crytpos. That is a fact, not a theory.