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Author Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!  (Read 526523 times)
s1gs3gv
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July 25, 2014, 11:59:33 PM
Last edit: July 26, 2014, 12:39:45 AM by s1gs3gv
 #2221

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vesperwillow
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July 26, 2014, 12:20:32 AM
 #2222

announcement please

Why are you antsy all of a sudden?

I wouldn't be surprised if you were one of many of Fiaz's fake accounts. Either you realize the gravity of the issue at hand NOW or just shut the fuck up. Thank you.

69bulldozers, you should thank VesperWillow. He is one of the people most active in pulling the curtain over Alpha-T activities aside so that alpha-t customers get a better view of the stage.

Thank you good sir. I was wondering what got up dozer's ass, considering I've been trying to blow the whistle on these guys for months.

Then I realized, it's because he's a victim like many others. It's really a shame.

And for bumface to be antsy, you know it's getting serious. Seems like he might be seeing that they're on their 672nd broken promise this year.

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July 26, 2014, 12:28:22 AM
 #2223

announcement please

Why are you antsy all of a sudden?

I wouldn't be surprised if you were one of many of Fiaz's fake accounts. Either you realize the gravity of the issue at hand NOW or just shut the fuck up. Thank you.

69bulldozers, you should thank VesperWillow. He is one of the people most active in pulling the curtain over Alpha-T activities aside so that alpha-t customers get a better view of the stage.
I think bulldozer was referring to bumface

s1gs3gv
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July 26, 2014, 12:34:37 AM
 #2224

retro72
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July 26, 2014, 01:50:09 AM
 #2225

Anybody catch this thread? https://forum.alpha-t.net/index.php?topic=788.msg5530#new

Once again Fiaz has time to argue with customers and like posts while the shipping update slides another day. Although I take my hat off to him, he's taking BS to whole new levels.

Quote from:  Fiaz Malik on: July 25, 2014, 10:50:35 PM
Quote from:  forceflow on July 25, 2014, 10:18:39 PM
Quote from:  FreeJack on July 25, 2014, 09:48:45 PM
Re: [SOLVED] Where is our update?

« Reply #30 on: July 25, 2014, 10:50:35 PM »
You're nitpicking and finding reasons to be infuriated when you really have no right to be. Alpha Technology has not missed their initially stated target. They have increased the hashrate of the devices tenfold from what we agreed to buy at the outset...and they were under no obligation to do so, except to stay in business and deliver the product.

I'm sick of people saying Alpha is saintly for giving 10x hash.  If they didn't, they would've gotten flooded by customers demanding refunds when they could've recovered 75% of their 30% payment (making for a marginal loss).  Alpha did the 10x increase BECAUSE THEY HAD TO.   It was pure calculated reason.   I suspect that part of the delay is because the chips are nearing fab (hopefully) AND because they know they may need to do more since they are now past their worst case scenario and their main selling point and thrust was "first to market."  So, I believe you are wrong when you say they didn't have to increase the hash or compete.  They did and still do.  The terms and conditions aren't the only things, there are written promises in advertisements (posts on this forum and news announcements are all considered advertisements).  They will be held to those statements as much as their terms and they promised to be competitive.  People invested relying on that and other statements.  Those aren't throw away statements.

As far as hiding their info, I was commenting on the entire picture of their removals.  I was the first poster on ltctalk calling the crazies racist for their crap and trying to publicly call them out.  I do not support that but its the cost of doing business.
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« Reply #30 on: July 25, 2014, 10:50:35 PM »
I am sorry but I have to take issue with your post as you are completely wrong. I have said this before and I will say it again as I don't think it has been said enough and I don't think you understand the cost of such a significant upgrade compared to the perceived 'benefits': An argument can be made that we 'had' to increase to 18/90 to match competition at the time but none can be made for the increase to 50/250, this was done AFTER final payment once we knew we had the funds to do so and it was purely goodwill on our part in order to keep our customers loyal for future batches. Even if for whatever reason you don't see it that way, the fact is it was still done at our expense.
SO while his customers are waiting for an update he finds time to spread more lies and misinformation. The actual sequence of events was this:

May 22nd Alpha ask for final payment. Customers complain about the lack of prototype. Fiaz announces there will be no prototype. Payments dry up.( https://forum.alpha-t.net/index.php?topic=330.msg2875#msg2875)
May 27th. JUST FIVE DAYS LATER. Alpha announce they are upping the hashrate to 50/250mh/s (https://alpha-t.net/news/performance-increase/) No CC processor is in place. Payments dry up.

So how Fiaz can say with a straight face, the increase was done after they knew they had the funds and was a gesture of goodwill is beyond me. The guy just doesn't know when to stop bullshitting.

Its clear things are imploding at Alpha, the father and brother are desperately trying to distance themselves from this car crash. They have both removed themselves from the Alpha about us page, which the were on just a few days ago. http://web.archive.org/web/20140702185646/https://alpha-t.net/about-us/team-2/

The team now consists of:
Mohammed Mubasher Akram (Managing Director and Operations Manager). Incompetent and liar.
Eric Gunn (VP of Asic Development) Nowhere to be seen. Probably an external paid flunky
Fiaz Malik (Customer Manager) Incompetent and liar extraordinaire
Liroy Van (IT & Server Specialist) Idiot and lair

Alpha are giving their customers the big FU. It's blatantly obvious they are incapable of running a bath let alone a company. I would suggest anyone who wants to stand a chance of getting their money back start NOW. If you wait too long you will end up with nothing.

I would also suggest you flood their father's and brother's Accountancy business with complaints. They are both liable, as they were directors and lent their names and reputations to this enterprise. If their brother wants to lie and cover for Alpha so be it, but he should realise there is real peoples money at stake and he has a responsibility to aid in returning it, otherwise be tarred with the same brush. If Fiaz and Mr Akram Jr don't want to answer their customers maybe their father or brother will. They can be found at:

www.akramco.com/
admin@akramco.com
Tel: (0161) 225 2366
Fax: (0161) 225 2355

I have also written a (long) sample/draft letter, laying out the case for a full refund and picking holes in Alpha's flimsy defence. If you would like a copy please PM me. I'd post it here but I don't want to tip Fiaz's hand.
s1gs3gv
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July 26, 2014, 02:38:29 AM
 #2226

I wonder how many of Akram's accountancy practice customers were funneled into Alpha-T pre-orders as 'investment' vehicles ?

s1gs3gv
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July 26, 2014, 02:49:27 AM
 #2227

bumface
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July 26, 2014, 11:10:26 AM
 #2228

if they manage to climb out of this hole and ship, i will applaude them. all it takes is honesty, we have been delayd because of.....

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July 26, 2014, 12:30:55 PM
Last edit: July 26, 2014, 12:54:21 PM by Phorna
 #2229

if they manage to climb out of this hole and ship, i will applaude them. all it takes is honesty, we have been delayd because of.....

That is not gonna happen. 100% of their time is occupied by moderating their forum. No one is working there. There is no progress. There are no components. There is nothing.

I am only surprised that Eric Gunn that is directly, as stated on their team page, responsible for all this mess wants to authenticate this disaster with his name. Is he aware what's going on there?

There are no chips for sure. So the production did not started as Alpha informed us in May. If that was the case how the hell could they inform us that they noticed higher hashrate and lower power consumption? There was no prototype.

1. They removed all their traces from all public forums.
2. Their partners removed all Alpha's traces from their web pages.
3. Most of the crew resigned and distanced themselves from Alpha-T.
4. They stopped releasing updates months ago.
5. They are not trustworthy enough to get CC.
6. They got caught red handed on many lies and broken promises.
7. There are no cases, PCBs, PSU's, chips pictures at all not to mention the prototype.
8. Even a promise of an update in one day ahead time perspective was to hard to keep.

Honestly, how would you call a man that still believes they will deliver the product up to specs in reasonable time?
s1gs3gv
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July 26, 2014, 01:17:25 PM
Last edit: July 26, 2014, 01:37:53 PM by s1gs3gv
 #2230

if they manage to climb out of this hole and ship, i will applaude them. all it takes is honesty, we have been delayd because of.....

It may not be possible to climb out of this hole whole, bumface. If all it took was honesty I think we would have seen an update already. This feels more like some kind of fatal systemic problem for which there is no solution.

For example, if they had a problem with their design or with the foundry they could have run out of money and be unable to complete the project without an additional capital injection. At this point I think there are very few Alpha-T customers who are unaware that even if Alpha-T were to ship a product this year, it probably won't ROI and therefore they are unlikely to complete payment, especially without a glimpse of a working prototype.

Why throw good money after bad ?

At this point, it looks to me (Hope I'm Wrong) that they are just trying to manage liabilities such that they have the least personal legal and financial exposure possible. It wouldn't surprise me to hear that they have taken legal advice and have been told not to say anything.

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July 26, 2014, 01:19:53 PM
 #2231

i paid in full and with biutcoin, i can not afford to loose that money since i have to start a company with it.i though instead of spending 10000 dollar once, i will invest it and then spend it, and have a monthly return.....

it might not be alot to some people but its every cent i own

s1gs3gv
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July 26, 2014, 01:24:22 PM
Last edit: July 26, 2014, 01:34:47 PM by s1gs3gv
 #2232

i paid in full and with biutcoin, i can not afford to loose that money since i have to start a company with it.i though instead of spending 10000 dollar once, i will invest it and then spend it, and have a monthly return.....

it might not be alot to some people but its every cent i own

bumface, that is a lot of money to me too.

I am NOT a lawyer/solicitor/abogado/avocat/anwalt and do not pretend to be one on the internet. But if I were in your position, I think i'd accept that hope is not a realistic strategy and would be talking to a lawyer, especially if I were a UK resident. If I wasn't a UK resident, I would be trying to organize a group of people to share the expense of consulting a UK lawyer so that I had a clear understanding of my rights and options.

I think that free legal aid is available to many people in the EU zone. For example, in the UK there is https://www.gov.uk/civil-legal-advice
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July 26, 2014, 03:21:41 PM
 #2233

Yeah, told you all right to be careful with these scammers.

Viper 50Mh/s pre-order was sold for 1PLN today on allegro.pl  Roll Eyes

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July 26, 2014, 04:19:04 PM
 #2234

This is a an intresting watch.  I recommend alpha-tech customers watch this and then think about how Alpha Technology has interacted with you.

https://bitcointalk.org/index.php?topic=711419.msg8035954#msg8035954
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July 26, 2014, 04:45:58 PM
 #2235

So Fiaz should have posted an update within 24 hours of his last post.  But he didn't.  But everyone was hoping that Fiaz's next post was an update.

Instead Fiaz decides to just rant on his forum about how gracious Alpah tech was to customers, but ow he sees customers as greedy leaches that demand too much from poor Alpha technology.  That is great customer service.

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July 26, 2014, 05:18:20 PM
 #2236

havent read all the pages, is there a delay with this?
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July 26, 2014, 05:45:47 PM
 #2237

The miners are vaporware at this point. No product, no prototype, vague promises of updates, no clarification of what the hell is going on.

By not telling you why there has been a delay, Alpha-T are being outright dishonest. It doesn't take a genius to know they're in trouble, otherwise they'd be more forthcoming with news.

Their silence is their response.

BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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July 26, 2014, 06:10:27 PM
 #2238

is this legit or another scam?
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July 26, 2014, 06:30:12 PM
 #2239

Scam:
Ya, They just banned me for pointing out to stay in business they need to be more competitive. There is a competitor (which I didn't mention on their forums), Zoom hash, that is Delivering TODAY same has for half the price. So ya... they banned me for this. And I've already paid them in full... Now I can't even READ their forums and updates. Do NOT buy from these people.
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July 26, 2014, 07:45:30 PM
 #2240

update please.

with concrete information such as pictures of components or hashing prototype, shipping dates,what caused the delay


i have asked people to remain reasonable here, but if your gonna say update within a day and then there is no update after 2 , then i dont know what you are doing over there. My patience is growing thin.

an honest disclosure of what happened can get my respect, keeping silent is troll feed to the speculators and is very unwise

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