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For those who want PROOF, I have received permission to post the law firm, which is Fieldfisher, and I'm working with the head of the firm's debt recovery department, Mr Rob Surridge. His contact details are here: http://www.fieldfisher.com/people/s/robert-surridgeI've attached our conversation as MP3. Feel free to take a listen. The way the winding up process works works, is that there needs to be a "spearhead" person, which is me and I'll be the one that works with Mr Surridge as his client. Everyone who joins in the petition is a 'supporting creditor'. Does this mean that I get paid first if Alpha is wound up? No, not at all. Everyone that joins in the petition is at the same level, meaning Alpha's funds/assets will be divided among all of us evenly (if there is any at all!) This is all spelled out in the conversation I had with Mr Surridge, which is attached as MP3. I've negotiated a flat-fee of 3300 GBP with Mr Surridge, a cost which will be split among all the final participants. There are about 40 now who are interested. I'm sure how many will go through with it, maybe only 80% of those who expressed initial interest will want to go through with it, so I'll ask for an amount from each participant in that range. I'll setup a paypal account and a final email on Wednesday with the amount you need to send (in GBP) to be considered as part of the supporting creditors in the petition. Some will say that we shouldn't do this, that we should let Alpha flourish as a company.. to let them try to get back on their feet and hope to retrieve our money at a later date. I feel that is wrong; it will just give Alpha more time to make a clean getaway. If they have the funds and assets , great we all get some of our money back. I'm happy with that. If they don't have the funds and assets then they aren't gonna make it as a company anyway. Wednesday April 20th is the deadline. Send your 1. full name 2. Amount that Alpha owes you (in GBP!) and 3. full address to jake@fightalpha.net if you want to be considered. Keep an eye out for my final email on wednesday. Fight on. Board Post is here: http://fightalpha.net/index.php?topic=152.msg470#msg470Ya... This Sounds legit... Lets send LOTS of money to random people on the internet to chase after lost money. [A legit service would take the fee out of the winnings.] Oh... And there is a Very strong possibility that the amount that Alpha has is LESS than the 3300 GBP fee the "lawyer" gets. I'm fairly certain anyone can add themselves to the 'bankruptcy' creditors list without paying the 'spearhead's lawyer'. Good Luck. |
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Do any of you case winners actually think you will be paid? Now comes the fun part.
who knows. it's better than letting them simply walk off with people's money.... No... it is EXACTLY like them simply walking off with people's money. They will shuffle money around like accountants do, then have the company go bankrupt, and pocket it all. These guys need jail time. No it is not. Doing something is not the same as doing nothing. I agree these people should go to jail but also think people should be trying to get their money back instead of simply sitting back and doing nothing. People have filed fraud reports and taken other steps to report them to legal authorities as well. This is only one vector in all of this. "No it is not. Doing something is not the same as doing nothing." It is, if they don't get their money back either way. Well... I guess not, as they have pay court costs up front. I'm in the boat of "Paid 100%, got 30% refund". I knew this was a risky bet and didn't gamble with money I couldn't afford to lose. Filing court against is also a gamble... for some people it's def worth the risk, for others it's not. I simply don't believe I'll see a dime of what they owe me regardless of my actions. Do I believe people should fight for they money back? Absolutely... as long as they understand: Even if you win... you still might not get your money back AND you'll be out court costs. |
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Do any of you case winners actually think you will be paid? Now comes the fun part.
who knows. it's better than letting them simply walk off with people's money.... No... it is EXACTLY like them simply walking off with people's money. They will shuffle money around like accountants do, then have the company go bankrupt, and pocket it all. These guys need jail time. |
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so someone told me that Alphatech is gonna fold up soon. is it true? if yes, I want to make a Paypal chargeback.
They can't be closing soon after the latest "Greeting Miners!" post...Clearly they are delivering a non-rushed product very soon in 2019. my crystal ball confirmed it's in 2029. Crystal balls mirror numbers, It will be released soon, in the year 9202. |
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Hey Guys, Some of you may remember me from the litecointalk forum, i was a big supporter of Alpha Technology until the delays happened, now I am on the other side of the fence and i was unfortunate to have ordered the 1 x 250Mhashing device. In a bid to get all my money back I had seen the posts from retro72 on this forum as he was saying PM him for more information, so i pm'd him. He was very determined to help me and to cut the story short said he would help file money claims for me and also get me a UK legal representative (his wife Veronica) as back-up to get me my money back, he said he had helped many people get their money back through this approach and it would 100% work. I had listened to Retro72 and he said he knew exactly what to do and would do all this for a fee of $500. It has been 2 weeks and I do not get any PM replies or email replies from Retro72, he has scammed me and i would like to ask him why he did this, and to please give my money back (I paid him via BTC). Has anybody else fallen for Retro72? if so what do you advice i do? The b****rd Retro72 is playing a very clever strategy where he is making use of a anonymous character and bad situation for customers so he makes money from false hopes of me getting my almost $10k in money i paid alpha. I was told the $500 is peanuts compared to what i was guaranteed, so it was very enticing. I have been taken for a ride both ways, and it has been very depressing. The email Retro72 told me to privately email, I had googled this email and found he is registered domain on the same email address, and after further digging through many database websites I have found his full private details (i googled map his address), I suggest someone who has money and has also been scammed by Retro72 to take this further, he is not anonymous, Retro i know who you are! and I will get justice. He also has an accomplice named Veronica, who he claims is his wife and is a barrister who deals with the legal aspects so they can guarantee me my money back. Anyway for anyone who has been also scammed by retro72 here is his details, so you can make your own claims and contact actionfraud, like i have done. If you have been scammed by retro you can ring him directly and confront him! (i know the number works as i have rang it before).
His email: reaver000@yahoo.com
name and UK address:
Nick Joseph
Chartwood House
Bagshot Road
Chobham, Surrey
GU24 8SJ
UK
Tel: +44.01276488145On the alpha front, i have found a legal helper on another forum who is advising me for free on how to get my $9k dollars back for my 1 x 250Mhash device, i will let you all know how it progresses. Any random person promising to get you X$, and ALL you have to do is give them Y$ up front is a scam... an OBVIOUS scam. Even real life lawyers pull this same scam EVERY DAY. Random internet ppl... ya.. def 100% chance it's a scam. It's most likely someone else's name and address he gave you, so that if you look it up, you see a real person. |
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Hi all, I am in the same boat like you  I was robbed with £1385, by the way I have bad feeling about AT from the beginning, because initially I ordered the bigger viper 250Mh, but a few days later reading different forums I hesitated to pay for this miner, therefore I did second order for two vipers 20Mh and continue to read forums and again I was discourage to pay this money, so finally I did third order for one viper 50Mh and unfortunately I paid this order and now I lost £1385 therefore I want to punish this bastard and send him at least to jail (if he cannot return our money) for fraud in large amount of money. I am reading from few weeks this topic and I have not seen yet or maybe I missed to have some group lawsuit against AT. From my point of view it is not worthy to go alone for £1385, but if we gather 200-300 robbed customers and go together we will split all lawyer fees and we have bigger chance to win. Unfortunately there is a small chance to receive our money back but I am ready to pay $50-100 for lawyer fees in group lawsuit if we have chance this bastard to be sent in jail at least for 15-20 years .. I do not have any knowledge about UK group lawsuit but I eagerly will take part of it, if I receive any information about starting such lawsuit process. I suppose there are many customers from UK, who are robbed from AT and they can take more action in organizing it, at least they can speak fluent English and can meet locally the lawyers, because it will be hard to me to speak (face to face) with UK lawyers. (My verbal English is not good and I am not living in UK) Any ideas about this? Is there something done in this direction or all customers are going alone against AT? When we hit 100 members at http://www.fightalpha.net I will send a mass email out to get a feel for the interest in a class-action lawsuit. There is a firm based in the UK that will be happy to litigate with that number. I'm definitely in on a Class-Action. However, as many have said, they don't exist in UK, unless a judge lumps together several single suits. But, if you magically get this to happen, I'm in, as long as I don't have to put any money up front... (throwing good money after bad, as they say) |
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I received already 3 emails like your. and every single time I reply I don.t want 30 or 50 or 99% refund I want my viper or 100 % and what they send me back ..... the same story about tc blalala. End of october will open case with my lawyer it;s cost me more than 800 but 100 % they will pay back full ammount + each day fees calculated since they brake the tc.(credit card used for that diffrent story with debit account) copy of tc was changed 3 or 4 times since they takes preorders.
It's better to go for 50% refund than delivery of the miner even they will do it today. Otherwise, you have an option to sue them. A $1 refund is better than receiving whatever Alpha wants to claim is a miner. They will not make back the cost of shipping and/or customs you've yet to pay. |
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Well... That was odd. I paid both my deposit and my 'full' payment in bitcoin.
We are very sorry but as per our cancellation policy it has been longer
than 5 months since you placed your order therefore you are no longer
eligible for a refund. Please note 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. Please understand our development has real costs
and your funds have gone into the production of it as per the terms we
agreed upon. Having said that whilst you are past both the refund period
we have refunded your full deposit as a gesture of goodwill. This refund
has been issued to your PayPal.
Best Regards,
Alpha Technology Team
I figured it was some mistake... but I did just receive a refund through paypal for a payment I made through bitcoin. AND I repeated refused to "settle" for 30%. I think they have money in their paypal account that PayPal won't let them do anything with other than issue refunds, might as well do just that and hope some of their customers stop bothering them for the money AlphaT has stolen.
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Funny thing is that people using paypal. cc or wire transfers are in a much better situation than people using BTC to pay for the promise of scrypt miners  I paid in full with BTC. I'm not going to see that money back. To all the people that have won Judgements... So what? How the **** are you going to collect? You have to with X amount of months then go BACK to court to ATTEMPT to have the judge seize assets, which probably don't exist. Even if the machine arrived at my door step today, it's worth exactly what the scrap metal is worth. They can not and never will be able to produce more than is consumed by power costs. Lesson learned: don't use BTC to pay in advance... EVER. This does, however, point out one important flaw in BTC. Do not use it with merchants that aren't 100% trustworthy. |
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LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!! September 2 and they are sending out DRAWINGS!!!!!
ROFL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
OMG............ I fucking exploded........
hahahahahahahaha omg................
VERY BAD drawings... They even sent really poor drawings of the STICKER they are putting on the chip... why? It just baffles me why they would even take the time to make a drawing of a sticker and then send it out in an update as if it was something people wanted to know... |
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We are still trying to beat our current power estimates and will be making sure our devices are as efficient as possible in this regard
How the hell do you do this if the ASIC has already taped out ? we will be paying extra to have every aspect of this next stage expedited
Sure ... … we expect shipping to commence sometime in the latter half of September.
Uh Huh ... Ya... if you have a completed design (which you HAVE TO, to be able to Make the dang things), how exactly are you "working on improving the design"? This fraudster is just so dumb it's incredible. And you have NOTHING in hand, and expects to "start" shipping in 2-3 weeks? Even if he had every single component in hand, there's no possible way he's hired enough assemblers to put the pieces together to ship out the thousands of units he's sold in 4 weeks. But wait... "We're still redesigning things after they were supposed to ship... ya know... to make you guys more money" Why even bother? Even if they used 0 power, there is absolutely no chance we'd recover the investment using these miners. And they included a really bad drawing of what the STICKER on the chip may look like... Why? How is that important or even relevant to anyone? |
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The are only bidding on the 30% deposit... somebody is willing to take a 700 dollar chance on a 9000 dollar order...
Can't wait for that ebay seller to get a bill for VAT of over $1k and shipping of a couple hundred. Of course Alpha will never deliver a product, but they def will send a bill. |
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somewhat of a legal question here, and I know you guys arent lawyers but its something that i think needs brought up. For the people still waiting to hear about the shares deal, what happens if they somehow do pull off a miracle and ship devices before the end of September, but prior to offering you shares or doing anything to move that forward?
If they ship them and you accept it prior to getting shares, is that technically the conculsion of the original contract you signed (which included nothing about share offerings)? Couldnt they then just not offer shares and claim the original contractual obligations were met? I understand that offering shares in a company is something that takes months worth of time, but their lack of transparency in this endevour makes me think they are just trying to bide their time. They could at least be releasing a road map, timeline, companies they are working with for audits, etc.
I'm not holding out for the shares, but i know there are people who are and this could be another way alpha sticks it to their customers.
They can't legally offer shares to everyone that is in batch 1. So don't even take that into consideration. |
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The machines are already worth virtually nothing even if delivered today. They have a 0% chance of RoI. A month from now, the hash they produce won't even pay for the "supposed" 300w power usage. Odds they will deliver within 5 weeks? 0. They just can't pull it off that fast, they are MONTHS behind schedule, not weeks. They outsourced everything... EVERYTHING and "hoped for the best".
Unfortunately, I paid in full... because of the threats that I'd lose my deposit if I didn't. I also paid both in bitcoin. Odds of me seeing Any of that money back? 0. Could I win a lawsuit? 99% chance. Would I be able to collect on that judgement? Not a chance. If they find a way to actually produce a product, they would declare bankruptcy to wipe out their debts, sell their business to themselves, and create a new company with no debt and a working product. Seen it too many times. That's also how they would "stop the business from being in existence" to wipe out your shares. If it were even legal for them to give you shares to begin with.
Never risk more than you can afford to lose: and I didn't. I've taken a number of risky crypto based investments, and I lost about the same as I've gained in the last 8 months. Might have lost a couple hundred, but not that big of a deal. This... I've written off as a 100% loss. But... I've gained knowledge and wisdom. Don't buy something that doesn't exist. Don't buy ASICs EVER. There's simply no way to make your investment back, simply based on the quantity these multiple companies are producing. No matter what the speed is, if a company sells 10,000+ units of some Super Asic, the difficulty will rise so high that even the super Asics no longer makes it's cost back, Ever. It's guaranteed self-obsolescence.
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With the prices falling below $3.50 for LTC, there is a 0% chance of getting RoI on current and future scrypt Asics. Too much power costs, too little income.
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great, now im screwed out of 14000 dollar on alpha and flowertech. thank you guys, really splendid. that was all i had. i should be hashing by now, and i just bought some pipedream. investments lost, refunds refused. really nice going. you really messed up my life.
withouth the proper return i should have had by now, i was forced to launch my crowdfunding campaign without a 3d model, and without proper marketing. and now my 2 year effort is turning into shit , the campaign is on 61 euro after a week, thanx for messing up my life!
There's an old say "Never invest more than you can afford to lose". All pre-orders miners are extremely risky investments. Probably one of the most risky investments there is. |
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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.
Works for me. Website still up. Forum still up. Still banned for pointing out the machines are now worthless. Even if we got them two weeks ago, we'd never see RoI even on 50/250 units. Prices have plummeted, difficulty has skyrocketed. Scrypt asics are a dud, as more come out the price of scrypt coins will drop. Asics are being produced in such large quantities, they make themselves obsolete. Think about this: If you buy an asic with a 90 day RoI, and that company sold enough of those to double the difficulty, it's now a 180 day RoI... Now in that 180 day period 5 more companies each come out with their own asics, further trippling the difficulty. Now you're sitting at a 1.5 year RoI with a steady decrease in profitability VS electricity costs. Asics are only a good investment if Very few people buy them. Anyone buying scypt asics from any company will never make RoI even if you get it same day. This coming from the guy that just spent $8k on Zues asics 2 weeks ago, and lost $2k on Alpha-tech. Scrypt ASICs can in no way, shape, or form be a good investment. Too large of a quantity are being produced. |
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I hope pbmining not do it same  but if they do.. like all before done thats will be big boom Of course PBmining and Luna are a scam. If A. They don't show you a picture of mining equipment, they are not mining. B. They give out "non-variable" payments. I.E. you get $1 every hour like clockwork. They are not mining. They are Ponzi schemes. Even if they DO show you pictures of mining equipment... it could still be a Ponzi, or some other type of scam. 99% of these cloud mining are guaranteed partial or complete loss of "investment". |
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Is it possible Alpha-T has given up entirely on fabrication and is buying the boards from elsewhere, hence the big change in having lots of smaller boards?
It's all vaporware. The fact that they are still "THINKING" of changing things around this late in the game means they have completely failed. They will not deliver anything, ever. They are busy hiding their personal assets while they prepare for the company to go bankrupt and sell everything to another company... that with the same owners for pennies. They'll pocket MILLIONS. I've seen this before, boat assembly plant... went belly up, then mysteriously was operating again at full capacity under a different company, same owners and just as mysteriously, the new company had no debts. |
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no PSU, tell me you`re joking! Power consumption: <=1875 Watts a 1500 watt PC PSU is 309 euro here!!!!!!!!!! are you telling me i have to pay 5450 GBP + 21% Dutch tax + a fucking 400 euro PSU!??!! original full copy of the januari website states "Power consumption: <= 600w" it also says "Appropriate power supply for customer country shall be provided." this psu shit will cost me an addition 300 to 400 euro 5450 GBP = 6837.74 Euro 6837.74 Euro .... 21% = 1435.9254 TAX + ---------------------------------------------------------- 8273,6654 400 PSU + ---------------------------------------------------------- 8673.6654 euro A.K.A 11618 dollar Scrypt Multipool 0.00056173 BTC/MHs http://poolpicker.eu/0.00056173 x 250MH/S = 0,1404325 per day (82.29 USD) 11618 dollar / 82.29 USD = Breakeven point 136,2176105053347 days (4,394116467914024 months) ow yeah and did i mention the 29 dollarcent per kilowatt energy prices in the netherlands? which is €3800.088 (5087.82 US Dollar) per YEAR
and all this glory could be mine IF i get a machine next monthyear 1 total income 51,2578625 btc = 30074.53 USD Year 1 total costs 12473,7534 euro = 16697.17 US Dollar - ------------------------------------------------------------------------- 13377,36 dollar profit *IF i get it next month, *IF multipool payouts remain constant *IF btc price does not fall, *IF powercosts do not rise *IF hardware doesnt break down during or after warranty period Take 2 1000 kW or 3 700 Watt PSU .... You can't just stick 2 or 3 PSUs onto the same device, it'll screw things up big-time. That's what disturbs me, there are TEN power connectors. You'd need at least 3 external powersupplies... that simply will not work. It will fry something, or worse, catch fire. |
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