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Author Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!  (Read 526270 times)
s1gs3gv
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July 20, 2014, 05:34:41 PM
Last edit: July 20, 2014, 06:07:42 PM by s1gs3gv
 #2041

Blast from the past ( https://forum.alpha-t.net/index.php?topic=245.0 - Matching Competition )

Quote

« on: March 19, 2014, 02:14:24 PM »
Hey folks!

We would like to assure you we are very aware of our competitors hash rates and pricing and intend to match them, we started development in May 2013 and are on schedule to ship in July giving us the clear lead. During development we decided to make our units larger and upgradable so we could accommodate increased hash rates with ease, we gave ourselves this leeway for a variety of reasons. And the announcement of Scrypt miners from competitors was of course one such reason that we anticipated and planned for. A full announcement with details on our new batch 1 hash rates will be released very soon!
« Last Edit: March 19, 2014, 02:41:37 PM by Fiaz Malik »


Well Fiaz, the VaultBreaker is going to be 750mhs, MoonAsics is pushing 960mhs (scam ?), KNC will probably try to slap the GAW CEO down and put him in his place after his cheeky challenge ( https://hashtrader.com/t/my-knc-commitment/3222 ), so what is Alpha-T going to ship and when are they going to ship it ?

Just curious ...
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July 20, 2014, 05:44:59 PM
 #2042

A reasonable request to Alpha-T from Kölsche Jung on the AT forum today: ( https://forum.alpha-t.net/index.php?topic=792.0 )

Stand up like men and shows that you have eggs.

For those of us that are banned can you paste the post here.
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July 20, 2014, 05:47:40 PM
 #2043

For those of us that are banned can you paste the post here.

Quote
Re: On credit card processing and a personal note...

« Reply #24 on: Today at 09:35:34 AM »
Wow, I first read everything twice to understand it. So it is so that the credit card processor is actually currently unavailable. If I understand it correctly, I can now pay by bank transfer and BitPay? Or I wait until just before the end and then be able to pay with credit card again, but then I have the disadvantage that I later get my Miner?

You guys are all on a razor blade on the go. I wanted to wait for my part, as the first few days to develop with the credit card itself. Of course, this news my socks off skin. I'm going to use BitPay to pay. But, I'm honest. The 30% are painful. I did not just invest a small sum in your company. But the remaining 70% will do really hurt me and I promise you that I invest the same amount again to pull you accountable, no matter how, no matter where, no matter when!
I guarantee you that some customers on ways and means, one will find you, and hold accountable if you cheat us.

My promise to Alpha Technology:

1 I will pay my Miner in the next 5 days

2 For a rip off I'll spend the same amount to find you

3 If you can deliver up to 31.07.2014;-), I'll say you need a consulting company, then you can no longer help

3 If you can deliver up to 31/08/2014, I will say, hey, because amateurs were at work, but they managed it, but you need a better marketing

As for your marketing, your Startegie and your communication ye were way out in front. I was impressed by so much openness and transparency on my part. You should have the new benchmark in the mining industry can be. You've reduced your good market value to a minimum. Who do you think is investing again in your company if you so bypasses connected with your customers. NONE!

We would have made ​​you into multi-millionaires if you had stayed on your path. It is, as always, one builds shit, it is difficult to stand it, but this is the only and right way. Had Alpha account early enough that you need more time, we would have given you Zeiot.

We're not little kids anymore that you can hold out, we are all, some more, some less, businessmen who want to make a fast buck.

Stand up like men and shows that you have eggs.

reposted under the Doctrine of Fair Use

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July 20, 2014, 05:48:52 PM
 #2044

I don't know where some of you are getting the end of Q3 delivery date from.

They always boasted July 15th as their worst case scenario.

Update from 16/01:

Greetings Miners!

On Monday (13/01/2014) we released an outline of our set roadmap, today as promised we will be releasing a timeline with dates on each aspect of the development process. This shows our commitment to transparency and gives a better idea on what exact stage we are on at all times. As we go through multiple developmental stages in parallel, we will be releasing regular detailed updates on our progress. Our next updates will be consistent developmental updates on what is being worked on and what has been achieved.

Timeline:

Project Start: 16/08/13

Project Finish: 15/07/14

 

Task Name
Duration   Start   Finish
    Viper ASIC Miner Project
238 days   Tue 16/08/13   Tue 15/07/14
Scrypt Core and Chip Architecture
15 days   Mon 06/01/14   Fri 24/01/14
System Architecture
5 days   Mon 06/01/14   Fri 10/01/14
FPGA Implementation and Testing
131 days   Tue 16/08/13   Fri 14/02/14
ASIC Development
85 days   Mon 20/01/14   Fri 16/05/14
Viper Miner Board Design
95 days   Mon 13/01/14   Fri 23/05/14
Viper Miner Firmware Development & Testing
118 days   Wed 01/01/14   Fri 13/06/14
Mechanical, Thermal & Misc
69 days   Mon 13/01/14   Thu 17/04/14
System Assembly & Testing
2 days   Mon 16/06/14   Tue 17/06/14
System Integration & Testing
20 days   Wed 18/06/14   Tue 15/07/14
User Manual
12 days   Fri 18/04/14   Mon 05/05/14
 
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July 20, 2014, 05:57:31 PM
 #2045

Add another paying customer banned from their forums...  I made the mistake of asking some hard (but polite, I might add) questions, only to get my account and IP banned - good times.

Around 6 weeks ago, Payments@Alpha-T agreed to downgrade my 250MH device deposit to a 50MH full payment, plus £250.01 refund.

Quote
On 2014-06-04 13:24, payments@alpha-t.net wrote:
Hello there,
Your unit has been downgraded and your previous balance taken into
account so your order is now fully paid. We now owe you £250.01.
Please provide your bank details so we can transfer the remainder back
to you.
Regards
Alpha-T

I provided them with the information required to make a SWIFT transfer to my bank account. 
I certainly haven't received a penny from them yet - but no shock there.
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July 20, 2014, 06:06:35 PM
 #2046

Add another paying customer banned from their forums...  I made the mistake of asking some hard (but polite, I might add) questions, only to get my account and IP banned - good times.

Around 6 weeks ago, Payments@Alpha-T agreed to downgrade my 250MH device deposit to a 50MH full payment, plus £250.01 refund.

Quote
On 2014-06-04 13:24, payments@alpha-t.net wrote:
Hello there,
Your unit has been downgraded and your previous balance taken into
account so your order is now fully paid. We now owe you £250.01.
Please provide your bank details so we can transfer the remainder back
to you.
Regards
Alpha-T

I provided them with the information required to make a SWIFT transfer to my bank account. 
I certainly haven't received a penny from them yet - but no shock there.
Another one bites the dust. Welcome to the naughty step brother Grin

I read your posts on the Alpha site. I thought you were very reasonable, but that's more than enough to get you banned by Alpha these days.

Good luck with that refund
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July 20, 2014, 06:27:51 PM
 #2047

Add another paying customer banned from their forums...  I made the mistake of asking some hard (but polite, I might add) questions, only to get my account and IP banned - good times.

Around 6 weeks ago, Payments@Alpha-T agreed to downgrade my 250MH device deposit to a 50MH full payment, plus £250.01 refund.

Quote
On 2014-06-04 13:24, payments@alpha-t.net wrote:
Hello there,
Your unit has been downgraded and your previous balance taken into
account so your order is now fully paid. We now owe you £250.01.
Please provide your bank details so we can transfer the remainder back
to you.
Regards
Alpha-T

I provided them with the information required to make a SWIFT transfer to my bank account. 
I certainly haven't received a penny from them yet - but no shock there.

Welcome to the club, soon there will be more banned customers from the forum than there are those that are not :p
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July 20, 2014, 06:28:55 PM
Last edit: July 20, 2014, 06:39:19 PM by anderl
 #2048

the shipping was ALWAYS announced as q3

01/11/2013 Update:

1. Completing the design and prototyping of our ASIC chips has been our priority thus far, we will showcase this in an ASIC prototype in the coming weeks

Its kinda hard to verify Alpha-T original claimed shipping dates because Alpha-T has removed many of their original statements from the forums and their company officers are avoiding answering customer questions.



They still haven't removed this one.  But screenshot it because they may delete it soon.  So yeah bumface they always projected 7/15 so they are in breach of their contract.

NOtice the time between System Assembly and System Integration testings.  They anticipate it will take a whole month to do assembly.  If that is still the case and if by a miracle they receive chips tomorrow it will still take then 1 month to start shipping.  So the earliest anyone will get a viper is August 20th.  That will well past their new worst case scenario of July 31st.  So more smoke up the arse from Fiaz about a July 31st ship date.  They only have 11 days to receive chips and announce that they did to even have a change of shipping in Q3.

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July 21, 2014, 12:32:14 AM
 #2049

You can't reason with someone who is unreasonable or incapable of suffering logic. It's in their email blasts from 2013, on up through March, at which point they got really sketchy about timelines, details, prototypes, even pictures.

They had pictures of the controller board. Then it disappeared, and said they had to work on the design more (despite it being finished?).

Maybe the answer lies in the tapeout news. Around the same time they claimed they would have their chips shipped to them (end of May) is around the time Drexcel cut ties with them on the internet. Could this mean that they did indeed send the chips and wanted to wash their hands of the deal? In which case, what's going on with Alpha? Maybe they do have some gear and are working on the 2-12 week process of getting it certified.

All speculation, and that's thanks to their 100% transparency promise of providing detailed information, where they've done nothing but used smoke and mirrors, and proper grammar in emails.

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July 21, 2014, 12:41:38 AM
 #2050

You can't reason with someone who is unreasonable or incapable of suffering logic. It's in their email blasts from 2013, on up through March, at which point they got really sketchy about timelines, details, prototypes, even pictures.

They had pictures of the controller board. Then it disappeared, and said they had to work on the design more (despite it being finished?).

Maybe the answer lies in the tapeout news. Around the same time they claimed they would have their chips shipped to them (end of May) is around the time Drexcel cut ties with them on the internet. Could this mean that they did indeed send the chips and wanted to wash their hands of the deal? In which case, what's going on with Alpha? Maybe they do have some gear and are working on the 2-12 week process of getting it certified.

All speculation, and that's thanks to their 100% transparency promise of providing detailed information, where they've done nothing but used smoke and mirrors, and proper grammar in emails.
They stated very clearly in their last e-mail about CC processing that they were waiting for chips from the foundary.  Now, if that is the first batch of chips, or if those chips were faulty and they needed to order a second batch, is anyone's guess.
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July 21, 2014, 05:18:43 AM
 #2051

A reasonable request to Alpha-T from Kölsche Jung on the AT forum today: ( https://forum.alpha-t.net/index.php?topic=792.0 )

Stand up like men and shows that you have eggs.


er did they then 'ban him?"

Searing (can't tell banned from alpha forums...)


 
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July 21, 2014, 06:36:08 AM
 #2052

Any predictions for the week?

My bet:
- Fiaz says "Soon" at least 4 times.
- The Doctor posts more "opinions," even though he's a contractor that repeatedly says he can't speak for Alpha-T.
- No real news...

But hey, maybe we'll be presently surprised? (hahaha... ya...)
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July 21, 2014, 07:41:45 AM
Last edit: July 21, 2014, 08:20:28 AM by Phorna
 #2053

Timeline:

https://twitter.com/UkAlpha

Interesting how chips capacity / power usage changed trough the time.

And the GEM - first delivery indication (they were convinced FPGA would do the job I believe):

Alpha Technology @UkAlpha  ·  Oct 24
We are ~2 months from product launch. Testing and verifying at the moment.
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July 21, 2014, 08:49:53 AM
 #2054

Timeline:

https://twitter.com/UkAlpha

Interesting how chips capacity / power usage changed trough the time.

And the GEM - first delivery indication (they were convinced FPGA would do the job I believe):

Alpha Technology @UkAlpha  ·  Oct 24
We are ~2 months from product launch. Testing and verifying at the moment.
It's pretty "awesome" to see how UkAlpha's twitter posts are farther and farther apart as time progresses.
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July 21, 2014, 09:08:55 AM
 #2055

For those who don't know about the Internet Archive you should check it out. https://archive.org/web/

I find it interesting that this domain used to belong to a private investigation firm based in Asia. You can see those web pages too, just go back to 2004-2005. The irony is kind of uncanny.

This website, The Way Back Machine, doesn't update every time Alpha-T updates their web pages, it's just how often their archive bot crawled the pages.
The site caches the entire World Wide Web  and saves it for public access. Maybe you can find some pages to use as evidence in your upcoming court battle. You can also get a good laugh by going back to see what big name websites used to look like in the late 1990’s. Looks childish compared to today. I digress...

I started Scrypt mining in early December of 2013. I personally leveraged the hill using my credit cards to put together a 75Mh/s GPU farm. I spent about $70k setting things up. I ran it for 6 months and pulled in about $70k worth of BTC that was converted to fiat as quickly as it was coming in. The farm was liquidated for $20k when I literally pulled the plug about 2 months ago. Total gain at best was $20k for 6 months of hard work. I consider myself lucky, it could have turned out so much worse.  I was so close to buying into Alpha-T, a couple of my friends went in deep. They are in the same county and are running a 90Mhs GPU farm; they put money down for at least 10 of their (at the time) 25Mh/s units. Last I heard they found a deep pocketed investor who put in even more money when the faster speeds and (the convenient) openings for Batch 1 were announced. I'm sure they are way more than $100k in the hole for deposits, forget about paying off the balance.

I would have put money in for sure if I wasn’t already maxed out on every credit line I could get a hold of. For that reason and that reason alone I’m sitting on the side lines watching this play out.

I know how devastating this may be for most of you. I really feel like there are two camps here. Those that have accepted the truth and those that refuse to. It's been interesting reading all of these posts. I wonder how many of these user accounts are controlled by Alpha-T? Some of their supporters will blindly follow them over a cliff, others need to believe in them because the truth is to painful to accept. Those people unwittingly help keep this ball rolling by finding any thing that they can latch on to to show that good people like themselves aren’t victims, It’s the company’s fault for slow shipping, delays in manufacturing, etc. etc. etc...

Folks, there is nothing coming to show for your hard earned money except for a flood of emotions to process before you can see things clearly for what they really are.

I'm here to tell you that Alpha-T is in big trouble. At best they had good intentions but they've strayed from the morally correct path and have gone to the dark side folks. Your money is paying for their homes, cars, fancy dinners, vacations, etc... They are going to dodge and delay until they are checkmated. It will be years before any of them are sent to prison. They are too busy covering their tracks and putting together their defense to ever worry about getting their company back on track. The company is a loss, and it's clear they've cut that loss with the current attitude towards their customers. Why should they be nice and forthcoming? They have no product to sell and If they don't stop taking payments they have no hope of avoiding criminal indictments.

This is what I think happened, in roughly this order as well:

- A couple of accountants decided that they were going to lead the charge to develop custom hardware for Scrypt mining. Knowing they have no experience but decide they’ll figure it out on the fly. Dollar signs are dancing in their heads as they see easy money for the taking due to the arms race for the fastest mining hardware. Knowing this is the perfect opportunity to take advantage of pre-orders, watching how other companies had gotten away with it during the BTC ASIC arms race. The plan became more about how to get those dollars than making miners. 

- They hire an IT guy to help get things going. This person is not qualified for the task but gives it his best because of the promise of a big paycheck. (they needed a large staff, not a guy)

- They announce their GPGPU as their plan, then change their minds. Their first plan was to essentially build custom PCI-E graphics cards loaded up with multiple GPU chips.

- Then they announce they can do better, and ditch the GPGPU design and will now make actual ASIC chips, not heavy duty GPGPUs.

- They establish a relationship with Drexel against Drexel’s better judgment. They too are seeing $$$ signs and don’t want to leave it on the table. Drexel agrees to work with them and goes as far as posting a vague official announcement on Drexel’s website. Probably at the request of Alpha-T, and possibly contingent upon their future working relationship.

- Without any thing to show accept for a lot of lofty promises, and an announcement on Drexel’s web site, the money starts rolling in faster than they dreamed.

- They again announce they can do better and change their plans. This pattern is repeated several more times. They keep announcing changes or improvements to essentially a non existing product. The community rallies behind them and even the most skeptical start to think that maybe this is for real. 

- For a moment it appears that a couple of accountants might actually be able to deliver on their grandiose plans to change the landscape of GPU mining literally overnight. .

- Drexel finds it difficult to work with Alpha-T because they have no experience, don’t understand the industry speak, or the pitfalls of trying to go run before you crawl. The constant changes throw the timeline completely off track. They probably started butting heads with Drexel because they are taking short cuts. Drexel is telling them to, measure twice cut once. They continue to take short cuts and when it doesn’t work they blame Drexel. Drexel realizes they are dealing with a bunch of unprofessional clowns and sees the writing on the wall. Drexel ends their relationship with Alpha-T  for breach of contract. They remove all traces of Alpha-T from their website. Any product that was made is now tied up in litigation. Alpha-T either can’t pay the bill for the chips, or the chips don’t work and Alpha-T refuses to bite the bullet and eat the loss so that a new batch can be put into production. I’m guessing there are some big egos at Alpha-T, they can’t take constructive criticism, or accept responsibility for anything. It’s always some one else’s fault.

- Alpha-T starts to implode from the inside out. There is no one left to run the ship. Anyone with half a brain sees this as a toxic mess. Instead of focusing on making mining rigs Alpha-T goes into full damage control mode. Clever payment schemes, by making customers wait beyond the chargeback date, switching payment processors and closing out accounts to ensure the money only flows one way, in not out.

- At this stage Alpha-T is probably no more than just the Akram brothers. Falling back on the one thing they actually can do, accounting work, your money is being moved around like it’s a shell game. They will ensure it will take years to unravel the threads and prove criminal intent.

- Alpha-T is written off as a loss in the minds of the Akram brothers. They no longer provide meaningful updates, refunds, real customer support, or anything else that a company must have in order to survive. They know it’s over, do you?

I'd love to be wrong here, but the writing is on the wall for those who care to read it. Think about it folks, they can't produce any picture of anything. Not even a partially assembled prototype missing the key component, the chips. I can't understand why they don't at least try and give us a picture. It would buy them more time and give hope to those who refuse to believe they've been scammed. We would see that they are actually using your money to attempt to make a product. No photo, no product = no good!

What’s left to do at this point? I know many of you want your mining rigs, it’s too late to expect the mining rig to pay for itself. If you put down anymore money that would increase your losses, even if you ran the hardware for a year. Remember you can’t go by today’s numbers to make your ROI calculations. By the time the machines ship out and are turned on the combined added hash rate will cause the difficulty to sky rocket. If the prices hold stable but the difficulty triples by the time you get your mining rig online, is there any hope of it ever paying itself off?

I know there will be some people who agree and others who disagree with my opinions. Either way, I hope these bastards don’t get away with this. I’d love for nothing more than to see all of these mining rigs ship out. However the chances of that happening are slim to none – and slim just left the building.
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July 21, 2014, 09:24:48 AM
 #2056

For those who don't know about the Internet Archive you should check it out. https://archive.org/web/
A great site indeed.  I have definitely saved a ton of snapshots from archive.org to go with my own snapshots of various pages before they were changed.

I know there will be some people who agree and others who disagree with my opinions. Either way, I hope these bastards don’t get away with this. I’d love for nothing more than to see all of these mining rigs ship out. However the chances of that happening are slim to none – and slim just left the building.
The ONE good thing about Alpha-T, is that they have put themselves out there.  Pictures of the company's employees as well as the management's other businesses are plastered around the web.  If it all goes to shit over the next 2 weeks, there will certainly be hell to pay.

It's a small world... you can run, but you can't hide.

So, Alpha-T, ban us from your forums; run scared.  It's not going to help you if you don't produce what you have promised - and time is running out.
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July 21, 2014, 10:09:36 AM
 #2057

They are going to dodge and delay until they are checkmated. It will be years before any of them are sent to prison. They are too busy covering their tracks and putting together their defense to ever worry about getting their company back on track. The company is a loss, and it's clear they've cut that loss with the current attitude towards their customers. Why should they be nice and forthcoming? They have no product to sell and If they don't stop taking payments they have no hope of avoiding criminal indictments.

This is not gonna happen. Within 3 months + some hope™ factor time they will be able to buy 50 & 250 MH rigs from other manufacturers for the fraction of the amounts people entrusted them. Monkey business.

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July 21, 2014, 01:43:21 PM
 #2058

I'm here to tell you that Alpha-T is in big trouble. At best they had good intentions but they've strayed from the morally correct path and have gone to the dark side folks. Your money is paying for their homes, cars, fancy dinners, vacations, etc... They are going to dodge and delay until they are checkmated. It will be years before any of them are sent to prison. They are too busy covering their tracks and putting together their defense to ever worry about getting their company back on track. The company is a loss, and it's clear they've cut that loss with the current attitude towards their customers. Why should they be nice and forthcoming? They have no product to sell and If they don't stop taking payments they have no hope of avoiding criminal indictments.


Jrose120,
Interesting analysis of the situation.   Whether you are wrong or right, one thing is for certain... Alpha is hiding something.



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July 21, 2014, 02:47:00 PM
 #2059

Deeper into the dodo … a family's plea to Fiaz from the Alpha-T forum https://forum.alpha-t.net/index.php?topic=770.25 (Screen shots of a working unit)

Quote

<snip>

For example, my family has come to the realization that it is more efficient to purchase one 250 jobber instead of individually purchasing five 50 jobbers.  But some of these members are more risk averse than others and without some form of reassurance that what they are purchasing is not simply based on pure faith and sight unseen we will be unable to effectively pool our resources as we initially intended.

Therefore I respectfully request to Fiaz and his good brothers a substantial update that would give even the wiser elder members in my clan the warm enough fuzzies to procede.

As always, thanks much and may you be seen favorably by The all Sovereign.          
« Last Edit: July 19, 2014, 02:27:36 AM by fanfare »

If The all Sovereign can't get an update out of Fiaz, nothing can ...

(Note: republished in part under the Fair Use Doctrine as a matter of public interest)
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July 21, 2014, 02:55:56 PM
 #2060

The fact is, Alpha-T know exactly what the situation is, and aren't telling anyone.

They won't even tell you why there's a delay. No news is bad news, IMHO.

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