Should've included an order number, as has been encouraged. Always include order/reference numbers, and if possible, any sort of electronic transcript/receipt.

At the end of December, their next excuse will be.. who knows. But it will be an excuse, not a product.

I'm a fan of their late 90's rack server case styling. I mean, why have the aluminum design with a quiet radiator up front, with an LCD bezel and full wi-fi capabilities--that folks paid for--when you can have a black steel case with noisy fans?

Link to news update: https://alpha-t.net/news/developmental-update-18112014/

No LCD, No Wi-Fi. They claim to be the most efficient, "running at 1.5mh per chip", but don't post up power consumption. They appear to have a functional physical product, and are already talking about selling chips in bulk. They're not talking about Batch 2.

They're still working on building these out. If I had to guess, I'd say they might begin shipping in December, but don't be shocked if it's January 2015.

Oh, the best part? They say they're giving out refunds to those who ask. I suggest you all take photos of his words before they change.

It's just a few minutes from the end of the workday over there in Manchester, and India's workday is over as well, and still nothing from these guys. The excitement is definitely building up on what they're going to try and sell people next, be it excuse or product.

I will say this, if BTC hits $1 or less, then maybe I'll buy the whole exchange out

It's definitely not impossible to gain investors, but they won't really be investing, they'll be donating. This was all calculated like 6 months ago. It's not capable to become mathematically solvent in any of our lifetimes, even if the exchange had the highest trade volume of all the exchanges, and the trade fees were also among the highest.

It's why myself and some others have pondered why this team is trying to revive the same exchange and brand. While I do believe there are good-hearted well-intentioned people out there, I have to wonder why they would do this when even they know it's not mathematically probable. Maybe their end-game is just good-will, and that's fine.

Because it's mathematically improbable to ever become solvent without a financial backer.

It's the equivalent of digging a hole, one particle of dirt at a time. Yes, you will dig a hole, but not in the amount of time which would matter.

The negative trust should be left in place, it's there for the original issue, not tangible based on how they respond more than half a year later. The negative trust helps people proceed with caution. IMO.

"Soon" .. "Next week" .. I remember when that turned into "Need to tapeout again" .. "Give us more money" ..

What next right? Where's the transparency that, to this day, is guaranteed up on their website? Where's their fanclub saying to just stick around?

Who woulda thought that gridseed units would've mined more in the last few months than the Alpha gear ever will?

Old thread.. but responding anyhow. They didn't premine any coins, and I believe they took a small IPO (can't recall, maybe they didn't). They weren't even opening the source up to any pools just to make sure nobody could premine.

What happened was, at launch, their pool went live instantly, but the github link was dead. Nobody could download the wallet to mine with, no users and no pools. Their pool was actually live about 1-2 minutes prior to launch. So for about a day or so, their pool was the only one mining, and their largest whales were themselves. They then tried to say they got ddos'd which I called out because it's github, for one, and for another, they published the code for themselves and clearly gave a bad link.

They then redacted their posts, and haven't been back since August. I wouldn't call it an outright scam, but they clearly intended to be the biggest bagholders from the launch.

Another dead coin.

If I had any I would, but they're apparently not honoring the loss of crypto which occured when moving out of the exchange once it died.

Yeah the issue is that their family is involved in numerous businesses, all of them financial in some way. They also have numerous trusts, and you know they're smart enough to sift funds off of the books if they were planning fraudulent activities. If it wasn't their plan and this merely ended up being a horrible idea on their part, their cashflow is nearly gone if not entirely.

They took a cash investment from a semi-well-known BCT investor to create the machines, because paypal froze their money and people weren't paying. I'd also imagine at least one bank account relating to the business was frozen, based on their loss of credit processing (it's hard for a business to lose that btw). The cash was likely used up, leaving only operating funds.

I'm curious to know if PayPal still has the funds frozen. If so, then many people should be able to get their money back if PayPal's fraud department could look into this situation. My fear would be PayPal released the funds to Alpha after being duped to do so, and has since realized that there really is fraud, and they're not wanting to play nice with customers--which is why PP has been unusually uncooperative lately.

Still, more people need to contact PP using the fraud reference info which has been posted up before, and more people need to use other legal means within the UK.

Fact: Alpha has been 100% dark, with no communication for a month now, and this is after their disclosure of having chips and being days ahead of schedule, days away from shipping.

Also, bug CoinDesk. They interviewed AT back in July, show them the news updates and lack of communication. Get them to see the real picture. They may be able to interview AT again, or at least get the news out that they've tanked. This could be additional leverage that financial and legal institutions need, seeing a publication report negatively on them.

"longrun" being well over 100 years, which was the conservative estimate calculated awhile back. And that's with thousands of high value trades.

giboon, lots of folk paid  by bitcoin. Just put something in your profile signature about it, you'll get more coverage that way.

Maybe they did build the machines and simply let their primary investor use them. If anyone remembers, they got a large influx of cashflow back in July from a semi-well-known bitcoin investor. Then, when he's done with them, they'll be shipped out to the customers.

Well by slacked-off I mean they're not wiping things out in waves like they were, purging every single negative post. There's a good amount of negative and anti-Alpha stuff on their forums which is going without moderation. They're not seemingly as active with the almost instantaneous-bans and deleting as before.

There are people who live in/near manchester who have posted up here, even recently. One of those folks should hop over there and provide some recent photos, maybe even see if anyone is around to talk. Talk to the neighboring businesses as well, get basic info about the coming/going of folks to the office.

Has anyone done any detective work about this company and its related neighbors? Even social media and researching company info could be helpful to paint a picture. This is why a lot of people had a bad feeling about hopping on board awhile back. For example..

Prior to Alpha-Tech moving in, there was Saddique & Co Chartered Accountants, and next to it was Rain Gaskell. Well, Rain bumped out of there and Saints Solicitors legal practice moved in. After awhile Saddique faded out and Alpha-Tech was born.

Saints Solicitors LLP is identified with Zain Siddiqi, a Pakistani, who apparently has strong sympathy toward the Pakistan people/issues. The practice also specialized in Sharia compliance, along with various Islamic law application. SSLLP has since moved to a new address as of spring of 2014.

Saddique & Co was a long term venture with really hard to find paperwork on the company. There is another Saddique venture, Saddique Brothers Enterprise. Now this could be unrelated entirely, but I'm including them because they formed right as Saddique & Co disappeared, and they  just happened to form within eyesight up the street. This one is identified with Shazad Saddique. A few guys with his name in the nearby area pop up, one of them with business acumen--no way to determine who is who--but the one guy is a gambler. So, speculation here, but an accountant who is involved with lots of gambling.

The Akram family has been involved in a line of companies and financial work for awhile. The elder has worked as a managing director in a couple of places, and is involved in at least one well known islamic trust. The younger popped up in a couple of ventures.

Two things stuck out in my mind the most. First, the Akrams hopped into several ventures at once.. all in march/april of the same year. For folks reporting low-to-no capital or gains, they're able to hop into ventures easily. Second, they've registered and renamed and registered companies to themselves several times, which isn't unusual, but a pattern is emerging: the company names they're using are almost exact copies of other well-known company names in similar industries, particularly well-established companies with deep pockets.

In fact, a great example, look at just 2 of their recent companies: Research Alpha Technologies and Cheshire Technology and you'll see what I'm talking about. It's not a bad thing, and I doubt they are related to those other companies, but it is a known technique folks use in order to trick would-be customers/investors, so that when these people look up "alpha technologies" they'll see a well-established organization and have boosted confidence on investing. It would be like someone starting a company making operating system files and calling themselves Microsoft Co.

Just tossing some stuff out there.. this has been discussed to a small extent in the past, but I keep emphasizing that folks need to research. Follow the money trail. It could be harmless coincidences, or it could be evidence that they planned to hide assets for if/when things went sour.

I also don't know if it's of any value to mention, but back when they had photos of themselves, if you used the photos to search online for more traces of them, the photos couldn't be found anywhere else by most of the popular search engines. I'm not sure if anyone else had any better luck. It's highly unusual an an IT age for folks like this to have no trace online using their digital image.

Sources: Google, social media, UK business disclosure websites, etc.

They're logging into their forum constantly, but their moderation techniques (banning/deleting posts) have slacked off in the past few days. This is indicative of what I can only imagine to be one of two possibilities: It's the sound of the door slamming as they exit the building, or, they're trying to have a cleaner legal image.

Either way.. neither of those options are supportive of their customers.

Isn't it great how they're capable of moderating the forum, but incapable of doing the jobs people paid them to do?