You say its a gamble. What do you think your odds are? 2-1, 5-1, 10-1,50-1? Based on what I've seen from this company I would say you're 10-1 against ever receiving anything from them. Is the reward 10x the stake? No at best you will break even or make a small profit. Scrypt Asics will just not give the kind of rewards SHA asics did. Any smart gambler knows you weight up the risk (money in/odds ) vs reward (total payout). So if the risk is £1000 at 10-1 I would expect £11000 back (£10000 +stake) You will never see that from this company.  Let me explain to you why I think the odds are so high.

1. No one knows who runs this company. They are just a figment of the internet. Who is their CEO, CFO, MD? They could fold at any time and disappear.
2. You have no idea where they are actually based apart from a photo of an abandoned kebab shop. All the update and forum time stamps point to them being in India although they claim to be in the UK.
3. You have not seen a legit prototype. Just an FPGA hashing that members of this forum could put together.
4.  Dexcell are their design partner, not business partner. They are paid for their services and have no link to Alpha other than that. If Alpha stop paying Dexcell go away.
5. KNC or other established companies could easily enter this market. KNC are already working on a scrypt ASIC http://www.coindesk.com/scrypt-miners-cryptocurrency-arms-race/
6. They are still at the design stage. All they have said is purely theoretical at this point, there is a long way to go from here to finished product. A lot could go wrong.
7. They are liars/incompetent. They have lied or misrepresented several things. Read through the posts. Most notably regarding their Registered address and their trading address, the VAT issues and DDos attacks.

Now I know a lot of people don't want to hear this but we as a community need to make sure people understand the risk. People are coming here and posting that they have bought these things, if those of us who thought it was unwise said nothing people new to the forum or the thread would think there was no risk at all.  There is a huge risk and it is our duty to point it out or expect another BFL, Payonix or TerraHash. Some of you people act as if they never happened. Maybe if they hadn't and no one had ever been scammed in cryptos I would understand your optimism. But they did and weighting up the odds against this company I would urge extreme caution.  

sure - i will post back here - i will find out -

I haven't seen any posts from Barntech here since before Xmas, anyone know what's happening with more product? A few weeks ago it was suggested that a ASICminer gen 2 based boards may be being produced but I can't find any details either here or on the Drillbit forums.

Anyone know what's happening?

Holy shit balls, how did I miss this?

You are all assuming that the company will deliver and will stand behind their promises. If they do deliver then yea, you will double your profit because you won't pay astronomical electric bills.

On the other hand but you are paying upfront 2-6 months in advance and that money isn't mining while you wait, meanwhile you could purchase GPUs and start mining, and by the 4 month mark your rig will have paid for itself even with the electric bills.

Keep funding them with your money for a promise that doesn't even have such a good return/risk ratio

The people who preordered the first two batches of Avalon, and the first batch of KnC, are LOL'ing all the way to the bank. You just have to weigh the risk vs. reward, but there's no reason to be a dick about this. If you don't want to participate, then don't. So sick of dealing with all of these pricks whose mommies didn't hug them enough. What is with the impulse to piss in everyone's Cheerios?

That's normal behavior. The idea is that you spent X amount of dollars, therefore you are at the moment "in the red" of dollars. Whenever you sell your coins, you'll see that your USD will raise, hopefully to a positive value. It happens with every currency. If you think it's less confusing, i could remove the currencies that are in the red from the list. What do you think?

I don't think i understand your request, can you explain it in other words?

[quthor=Its About Sharing link=topic=398504.msg4313009#msg4313009 date=1388868658]

Is there even a real possibility of reversing payment after 2 months with PayPal? (Not that I am aware)
And, as stated on Alpha's website, your final payment can be made however you like.
Not sure exactly what you mean?

there's no product prototyping?

all i see was a fpga unit hashing. I'm not an engineer, but with the experience of butterfly labs, they had FPGA miners out decently okay, but could not made ASICs worth any shit until their 3rd or 4th revision.

That site does not account for possible or probable scammed btc.

We need to see a record of btc paid vs reversible payment methods.

I'm not sure if this was asked before. By the time they deliver the units, wouldn't the difficulty rate be at a point which would render the 5mhs or 25mhs you're getting useless?

you people are pathetic, keep dreaming that you will get rich over night  

Would be nice to know how many of each model in batch # 1!

I for one wonder if 5400+ individual orders have been placed in the few hours the ordering did work.

My 52xx order was placed @ 12:17 UTC, and from what I can see the pre-order was live for 2 hours, then after 8 hours "back live" tweet was published. Now it's been up for ~2hrs, which looks like a total uptime of 5 hours or so. That's 1000 order per hour...

Hope Alpha-T can clarify as to the total numbers in batch 1.

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It's not you that decides what is attractive or not, its the larger masses that love dogecoin
 

I have some background, but there are better experts than me on these forums.

128 cores, 1024Mbit of RAM each core (TMTO=1, WTF!!). Its going to be a huge chip and the 28nm foundry node is not cheap. Feasible, probably, but I think their costing figures were pulled from the wrong direction (marketing rather than production). Also have a look at Dexcel's web site. Plenty of experience in FPGA. Not a thing mentioned about ASICs.

Considering the very small amount of new coins, does is worth mining quarks?

I was initially interested in this coin, because I only have a bunch of old PCs with no GPUs at all. So, the fact of being a CPU only coin made me think that mining this coin I could compete with other miners.

The fact is that I am obtaining higher profitability mining other alt coins, even those being mined mostly by GPU miners.

So, I do not catch the point of mining quark.

I am missing something???