Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!

[Nullu]

Keep cool guys, we have within the EU this distance selling regulations.
"We refund 50% of deposit" has no relevance.

DSR is 14 days after receipt of item.  You have the right to cancel at any time prior to delivery.

However, no regulation is going to save you if they high tail off with your money and vanish.

[1715599663]

1715599663

[1715599663]

1715599663

[Slipknot79]

Keep cool guys, we have within the EU this distance selling regulations.
"We refund 50% of deposit" has no relevance.

DSR is 14 days after receipt of item.  You have the right to cancel at any time prior to delivery.

However, no regulation is going to save you if they high tail off with your money and vanish.

Initiate a charge back on your credit card, its that easy. Till the merchant gets blacklisted.

[verloren]

Keep cool guys, we have within the EU this distance selling regulations.
"We refund 50% of deposit" has no relevance.

DSR is 14 days after receipt of item.  You have the right to cancel at any time prior to delivery.

However, no regulation is going to save you if they high tail off with your money and vanish.

Initiate a charge back on your credit card, its that easy. Till the merchant gets blacklisted.

It will take a lot of arguing with the credit card companies. Visa only covers 120 days (4 months) after purchase.

Alpha-T has said that they will ship 5-6 months after pre-orders finish.

[firelizard]

signing up is down again?

[LiteCoinGuy]

thanks for the updates!

[wasubii]

snip..

8906 USD for 25 MH/s = 29 graphics card (280x) for about 300 USD each. 22 MH/s.

snip..

In my country electrical power is so cheap I dont even notice any diffrent on my power bill if its using 100 or 1500+ watt.

ASIC miners are only created for one solid purpose which means they will be very hard to sell if a new ASIC resistant proof of work algorithm is created.

After GPU mining is no longer profitable selling computer parts will be easy even if you dont get full retail value back.

Option 1:

Buy 30 graphics cards NOW. Hash at 22 MH/s for the next 6 months netting you ~200 LTC per month at current difficulty. 1200LTC in those 6 months is worth around $24,000 now. Deduct 10% for electricity gives a net profit of $21,600. At the end of 6 months your mining rigs will have retained approx 75% of their original value. You are happy.

Option 2:

Hand over your money or coins to Alpha-t. Wait 6 months with zero hash. Product is maybe delivered in 6+ months
Hope to hell difficulty isn't too high or exchange rates too low to ROI.
Hope to hell the sycrpt coin devs dont hard fork to change the algo just enough to brick these ASICS.
Stress and anguish await you on your quest to ROI

No brainer

Alpha-T are pricing themselves out of the market. Only idiots and n00bs will buy this. I am sure there are enough out there for them to sell out their first batch. They will now be referred to as 'Alpha-t bag holders'

(figures are estimates based on my own GPU rig costs, your milage may vary)

EDIT:

Option 3

Try your luck with SAI. Buy enough shares in their company to get into the first batch. Pay GBP 800 for 25 MH/s. Hope to hell they can deliver as promised (in February?!?). If at any point you lose your cool, sell shares and recoup some costs. They are not accepting pre-orders so you will not be asked to pay for the miner until they are ready to ship.

[flexgroo]

Price is way to high, for the time of delivery

[barruka]

wasubii +1 +1 +1 +1 +1 +1 +1

[wilson1973]

Hi Alpha T, you need to revisit your VAT statement for UK customers.

VAT should never be charged twice on a supply. The place of supply is the important factor.

If the goods are supplied to the customer whilst they are outside the UK then no UK VAT is due on the sale. However the customer is liable to pay the import VAT and duty when the goods enter the UK (unless they are below the £18 concession).

If the goods are supplied to the customer within the UK then the UK Trader will be responsible for paying the import VAT and Duty as the goods enter the UK (the £18 concession is also available). The UK trader will be able to reclaim the VAT on its VAT return and will charge VAT on the sale to the customer as normal.

The end effect should therefore be the same (unless the £18 concession applies) regardless of the route.

In theory the place of supply is where the goods are at the time that legal title / financial responsibility is transfered. i.e. overseas if the delivery is ex-works or in the UK if it is CIF. However, in practice provided someone pays the VAT and duty upon importation as the "importer of record" HMRC aren't to worried about technicalities like that.

As VAT registered company I do not want to be paying VAT twice, once from your invoice and secondly from import duty. As you have stated these goods are being fulfilled from outside the EU and therefore zero rate will apply.

Please amend your statement. Also sent an email to you website contact with the same.

Thanks.

[Raitzi]

The last nail to the coffin. 25MH/s price is now about 8k€ for EU customers! I was going to order one but this VAT / import shit bounced the price too much.

[Mr.V]

The last nail to the coffin. 25MH/s price is now about 8k€ for EU customers! I was going to order one but this VAT / import shit bounced the price too much.

about how much U.S. dollars do you think this will run? and are they shipping to u.s.

[wilson1973]

Based on current conversion you are looking at $8986 plus carriage and possible import duties, whatever those may be in the USA....


[/quote]
about how much U.S. dollars do you think this will run?
[/quote]

[Mr.V]

Based on current conversion you are looking at $8986 plus carriage and possible import duties, whatever those may be in the USA....

Will it still be profitable once you get one up and running or will it turn out just like sha-256

[wilson1973]

Thats the 24 million dollar question.....

If you've got 10k spare then do it, if you need 10k to pay your bills then don't !

[Mr.V]

Thats the 24 million dollar question.....

If you've got 10k spare then do it, if you need 10k to pay your bills then don't !

I built a rig and had to turn it off because I couldn't afford to pay my own electric bill, so $10k is out of the question. I read tht amd is coming out with new GPU's tht are going to be able to pull 2MH/s on one GPU, I cant find the thread now though but is this true?

[wilson1973]

that's one big rig you must have had, I take it wasn't  profitable. supposed this new viper will run at 600w for 25mh/s output, so shouldn't break the bank.

Not heard about the 2mh/s gpu cards, I doubt that setup would be much cheaper though given current prices of cards.

[scootscoot]

that's rediculous for the UK and europe

You are paying 20% VAT + Import duties + Import tax, holy shit, alpha-T might not be applying the tax on their end but you will be paying around uh £8000 to get the 25 mh/s version all in all and £2000+ for the 5 mh/s version. Ouch.

[wilson1973]

As far as I know they have the wrong statement for UK VAT, as the goods are being fulfilled from outside the UK the only VAT should be as part of the import duty.

Note import duty on desktop style computers is zero plus VAT (20%) in the UK. 

So for the cost of import calculation in the UK it should be... value of hardware, plus value of shipping fee, plus 20%(VAT).

that's rediculous for the UK and europe

You are paying 20% VAT + Import duties + Import tax, holy shit, alpha-T might not be applying the tax on their end but you will be paying around uh £8000 to get the 25 mh/s version all in all and £2000+ for the 5 mh/s version. Ouch.

[barruka]

I think Alpha-T products are too expensive right now... but it's my opinion.

Alpha-T you could make a forum poll to ask users about price ranges...

[wilson1973]

What we'd like to pay is totally irrelevant. I'd love a Mercedes ml350 for £1, but it costs 20k to make them, chances of a cheap deal ?

At the end of the day this would appear to be first to market, therefore these guys need to cover full development life cycle costs. Whilst being expensive and assuming this is legit, they'd be lucky to clear 20% margin, they're edging their bets on volume....