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Author Topic: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!  (Read 526266 times)
vesperwillow
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July 30, 2014, 05:44:12 PM
 #2521

Retro is spot on with the shares situation.

My initial thought on how they'd hoped to accomplish it was simply by telling folks there will be X shares at Y price, which will give you Z hold on the company returns--simply because that's the easiest way to delude people to bite off on another chunk of air.

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July 30, 2014, 05:59:55 PM
 #2522

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July 30, 2014, 06:17:31 PM
 #2523



hahaha this pic never ceases to give me a laugh
on other bnews the forum is deleted again, all posts gone

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July 30, 2014, 06:20:09 PM
 #2524

Their life would be easier if they just didn't have a forum, or locked it out entirely, until such time as they had anything other than small tweets for updates.

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July 30, 2014, 06:34:18 PM
 #2525

2 days left to pay my demanded refund. Then im going to file a claim.

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July 30, 2014, 06:45:22 PM
 #2526

2 days left to pay my demanded refund. Then im going to file a claim.
Where do you file it? Local police station? Reason: fraud/DSR violation?
If they are interested to put some cases together, you should provide us your case no.

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Slipknot79
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July 30, 2014, 06:51:55 PM
 #2527

Not easy to do it at a local police station, me from Austria oO

No, i will check retros posts and links, have to read a lot. As far as i know me, i will file a claim on each site retro provided.  Cool  No, i have to sort out the most reliable site, well, i think all of them are kind of reliable, so then i have to find the most promising.

Yea DSR violation is the reason.

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July 30, 2014, 07:10:31 PM
 #2528


Heh...

American Express was very interested in the coindesk article on alpha tech

better start considering them refunds alpha

here is the link for use with your own disputes with cc companies or whatever

http://www.coindesk.com/alpha-technology-blames-paypal-dispute-bitcoin-asic-delivery-delay/

thanks to whoever flag'd down www.coindesk.com on this

Searing


a well written and informational piece, with logic and proper investigation and wording.
All the trolls here can take a lesson from it

After speaking to paypal yesterday the advisor quoted that they are not with holding funds
from alpha technology. So i do not understand why alpha tech would say this.
and hi bumface



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July 30, 2014, 07:12:44 PM
 #2529


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July 30, 2014, 07:25:07 PM
 #2530



Can't wait to read Fiaz's next update ...
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July 30, 2014, 07:28:56 PM
 #2531




NOT NEVER
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July 30, 2014, 07:40:47 PM
 #2532

Alpha Technologies situation going from bad to worse.  I'm guessing the "big announcement" will be nothing more than some sort of at-cost rate for X # of batch 1 pre-orders essentially discounted to their costs.  No idea obviously but this is my guess.

Bibox Exchange
https://www.bibox.com/signPage?id=11907482

BTC: 1NPQP9Z4Ju6rTnH4uR6986kGVnEkpyYFJZ
LTC: M9Eo9tTiohSLwDMKyMeAFdsuVaFWCCxM3G
ETH/ERC20: 0x4360038b0f4b198b18458a1f0e468b3ebe483ee6
ETC: 0x4360038b0f4b198b18458a1f0e468b3ebe483ee6
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July 30, 2014, 07:46:14 PM
 #2533

I can't believe bumface is here defending AT still! Look back through his posts, look for when he was arguing that they were a good legitimate deal six + months ago with me, trying to shut down my warning posts about these scammers. Pretty obvious that he is affiliated with AT at this point. Fucking scammers.

what the hell are you talking about man,i am a customer. "shut down my warning posts" what does that even mean? i am not a moderator on this forum

not everything is black and white, if you actually read my comments here, you would know that i am quite critical aswell. but i remain reasonable like an adult

Just because i refuse to join in a childish frenzie of useless speculation does not make me an affiliate. everybody pretends to be an expert on what happens behind closed doors, but you simply know as little as the rest of us.

If you want to fill the void in your logic with fud, thats your buisness , but dont include me in your tinfoil hat theorys please


I didn't say you were a mod, I said you were a shill. Since the beginning, you have been unreasonably pro AT, defensive and corrupt. It isn't reasonable to close your eyes and hope they are shipping something, then try to troll this forum into believing that they are still on track. A reasonable adult wouldn't have sent money to these frauds, they never produced a thing beyond some slick documents.
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July 30, 2014, 08:02:38 PM
 #2534

I can't believe bumface is here defending AT still! Look back through his posts, look for when he was arguing that they were a good legitimate deal six + months ago with me, trying to shut down my warning posts about these scammers. Pretty obvious that he is affiliated with AT at this point. Fucking scammers.

what the hell are you talking about man,i am a customer. "shut down my warning posts" what does that even mean? i am not a moderator on this forum

not everything is black and white, if you actually read my comments here, you would know that i am quite critical aswell. but i remain reasonable like an adult

Just because i refuse to join in a childish frenzie of useless speculation does not make me an affiliate. everybody pretends to be an expert on what happens behind closed doors, but you simply know as little as the rest of us.

If you want to fill the void in your logic with fud, thats your buisness , but dont include me in your tinfoil hat theorys please


I didn't say you were a mod, I said you were a shill. Since the beginning, you have been unreasonably pro AT, defensive and corrupt. It isn't reasonable to close your eyes and hope they are shipping something, then try to troll this forum into believing that they are still on track. A reasonable adult wouldn't have sent money to these frauds, they never produced a thing beyond some slick documents.

all the acusations in the world wont make me an alpha tech employee buddy

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July 30, 2014, 08:04:49 PM
 #2535

I can't believe bumface is here defending AT still! Look back through his posts, look for when he was arguing that they were a good legitimate deal six + months ago with me, trying to shut down my warning posts about these scammers. Pretty obvious that he is affiliated with AT at this point. Fucking scammers.

what the hell are you talking about man,i am a customer. "shut down my warning posts" what does that even mean? i am not a moderator on this forum

not everything is black and white, if you actually read my comments here, you would know that i am quite critical aswell. but i remain reasonable like an adult

Just because i refuse to join in a childish frenzie of useless speculation does not make me an affiliate. everybody pretends to be an expert on what happens behind closed doors, but you simply know as little as the rest of us.

If you want to fill the void in your logic with fud, thats your buisness , but dont include me in your tinfoil hat theorys please


I didn't say you were a mod, I said you were a shill. Since the beginning, you have been unreasonably pro AT, defensive and corrupt. It isn't reasonable to close your eyes and hope they are shipping something, then try to troll this forum into believing that they are still on track. A reasonable adult wouldn't have sent money to these frauds, they never produced a thing beyond some slick documents.

all the acusations in the world wont make me an alpha tech employee buddy

So you are just that dumb? Ok, I guess that is the other option.
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July 30, 2014, 08:06:37 PM
 #2536

your actually offended that i remained reasonable in the face of adversity and did not get swallowed up in the hype of the pitchfork mob. thats your problem.

all the ranting in the world wont make your asic come any faster.

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July 30, 2014, 09:31:48 PM
 #2537

To relieve pressure from the people who still think Alpha Tech's idiotic argument that they don't have to refund anyone because it was some business transaction (or some other idiotic idea such as that), you don't have to worry about that holding up since you aren't a business and they didn't collect any business registration numbers or any other proof that you (or anyone else) are a business. If they were actually doing business to business transactions only, they'd all be in jail right now for selling to the public. Regardless, it seems they'll be in jail for running multiple scams and defrauding hundreds of people.

To the people who actually think they will get anything: I highly suggest you get that thought out of your head and file for refunds with PayPal (if you paid that way), or try to get your money back from whatever other method you used. Unfortunately, anyone who paid with straight coin will likely have to file lawsuits in small claims (depending on how much the dollar value was), and filing police reports for fraud will probably help a lot.

Keep in mind that the money you spent on these scammers is getting them interest while you pay interest on your credit card. The coins you sent them are now worth double and you lost all of that value. You could have spent the money on ASICs that actually exist, and made most or all of it back.

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July 30, 2014, 09:54:01 PM
 #2538

New Announcement is up:-

Here it is for all to see...



Greetings Batch 1 Customers!

Like all of you, we are not satisfied with the delay and have decided to do something about it. We refuse to allow the investments of batch 1 customers to be anything other than a success. We want to reward you for putting your faith in us, especially considering batch 1 hasn’t turned out how we all hoped it would turn out last year when we started. We want to rectify this situation, as well as learn from batch 1 going forward. It should be noted that this delay was out of our control, and we were only able to provide an update to customers after we had received feedback from third parties. After obtaining this information, we were able to give a definitive statement as to the extent of the delay. The issues causing the delay did not occur overnight; they were a series of events that we tried to resolve and had to investigate first. Only after we were sure of the impact on delivery did we release an announcement (We had to be 100% certain as this was news that will negatively impact us as a company). In light of these events, we as a company saw 2 possible roads here, where we can leave things as they were, with unhappy customers, or go out of our way to truly appreciate the fact that we were able to start because you put your faith in us. As such, we have decided to fully commit to our original commitment of transparency, an ethical open approach and your ROI. With this in mind we have also decided to un-ban everybody who was ever banned from the forum, and apologize if you felt it was unjust. We can now put all of this negativity behind us and move forward together.

We are well aware that our customers are worried that some competitor companies will be releasing devices around the same time as us, and they may struggle to achieve ROI. In order to overcome this worry and provide the customers reassurance that we are in fact an ethical company and are genuinely striving towards serving our customers, we are proposing to give up a 30% stake in the company to our entire batch 1 customer base. Our proposition is that you will receive the miner as well as a shareholding in the company (depending on your order). This is still being worked out, so you can expect more details very soon. Also, please note that our Mh/s to power ratio for batch 1 is still one of, if not the, best on the market and many of our competitors are still yet to ship or even announce shipping dates. So this would mean that as long as Alpha Technology is making money, batch 1 customers are making money. Bear in mind that we are talking about turnovers in the millions for our company; hence you are truly being rewarded for your investment and faith in our company. This should go without saying but just to be clear, please note that only customers who have paid their orders in full will receive this offer; any unfulfilled orders will be cancelled and subject to our cancellation policy as highlighted in our terms of order (which we have been completely open with since the start of this endeavour).

This is a course that many want and have been calling for with these types of projects. Not just with ASIC companies taking pre-orders, but it can even be seen in other industries with the advent of Kickstarter and similar projects. A great example of how it should not be done being Facebook buying Oculus for $2 Billion and those original backers naturally not receiving a dime of that money. Many have called for this fair approach and yet companies don’t answer simply because they don’t have to. People fund them regardless, as has been the case with us, and yet here we are offering this to you in order to prove our commitment to you. Most companies would have taken, and unfortunately have, taken the other road. We’ve seen and spoken to people in the Bitcoin market whose companies started just like ours: obtaining their investments from first batches, but contrary to us would then proceed with becoming rich enough to simply mine themselves, while not caring about the people who got them started in the first place; only for dominating the market alone. What this shareholding effectively does, is make our customers an integral part of Alpha Technology by being partial owners of the company. This ensures that, no matter what happens, all of our batch 1 customers WILL get ROI one way or another as long as we are in business as you will have full right over issues of dividends forever. Considering how we have survived and thrived, despite the madness that has been batch 1, the odds are very much on our side, most would have broken under this pressure and looking for their first way out and yet here we are as such rest assured we plan to be in this business for the long term. You will also of course be given your say in decisions made by our company, by way of discussions and votes on our forum. We will in fact be having a vote on our forum very soon in regards to this issue, to see if most of you feel the same way as we do: and whether or not you are happy to proceed with this. We will email you the timeframe at which the vote will take place, and link to the vote very soon. If it is positive, we will put this proposition into practice and commence with all the legal paperwork. This proposition is something no other company in the crypto-currency industry has ever done before, despite past and present problems and complaints with delays in their projects. We want to overcome this and give our customers something back for their faith and patience.

Under the current circumstances, this is the best solution for all. If we were to increase hashrates further: it would push back shipping from September, and everyone will complain again asking for increased hash rates for this first batch, and as a consequence: this cycle would continue as we would have to redesign the miners over and over again, which wouldn't help anyone. Not to mention that it would be an exhaustive, inefficient and unrealistic waste of funds. We have done all we can and more than we needed to for batch 1 and we hope this does not go unnoticed by you. The same can be said for a discount; we’re sharing but, and sorry if this is too candid, we’re not stupid. Also, if we were to offer cloud hashing to customers, it would take a tremendous amount of time and effort to set up and have it running efficiently. On top of that, the hashing would only be temporary until it was not viable anymore; and we sincerely doubt you would be pleased with that. Cloud hashing is being explored, but not given any priority at this time. Another suggestion from customers was to ship extra miners for free from cancelled orders, this also is not viable as there wouldn't be enough miners to give everyone the extra miner. There will however be cancelled orders, and one possibility with this proposition is to set up our own mining operation immediately after shipment. Of course you will receive profits from this, proportioned to your share with the company, or we may simply just sell the miners. In any case: we will discuss all of this with you and you will profit either way.

We have secured key contacts in this industry, and hold a big advantage over any other crypto-currency company out there; this is a fact. In the near future alone, our batch 2 miners will be something special. They will be highly profitable and (bearing in mind all that we have learned through this process) we can’t see how they will not simply be the best on the market thanks to an engineering advantage which would be foolish for us to share right now, but you will know in due course. We also have very ambitious and extensive plans for the future of our company, but we also want to listen to all of your ideas and thoughts so that we can use your input as well and work together on this in order to, hopefully, be on the cutting edge of the crypto-currency industry. We are giving you the opportunity to take that slice of the pie which you duly deserve, as you (and a little bit of us) are the reason Alpha Technology made it this far. We are currently in conversations with our legal team and accountants, and will be drafting up the proposal in detail and send out the relevant paperwork to the customers. With this proposition we hope we have demonstrated to you that you are highly valued customers and that we are truly in this market for the long term. We genuinely care about our customers and we want to actively help you not only making money from this industry but also, hopefully, contribute to it. We will of course disclose key information and documents to you with regards to our company in due course; the capacity and method of this is still to be determined, as we obviously cannot rush this due to its sensitive nature.

We are now all moving forward together and we are sorry but it must be said that constantly and unconstructively criticizing or trying to undermine us will only hurt yourself. Instead, we must be constructive and collaborative, as you and your funds are in this with us. Just as a reminder what has happened since the start: you pre-ordered a product, then competitors arrived on the scene. In order to secure your loyalty, we increased the hashrate to 90Mh/s which is fair enough, then we took final payment at 90 (if we were any other company: chances are we would have and could have stopped at this point, that is a fact.), we then decided to increase to 250Mh/s despite the fact we didn't need to. We delayed and despite the fact our terms give us leeway in this: for the sake and in the interests of our customers we still decided to go yet another step further by giving you shares of our company for the rest of its existence without the need for you to spend an extra penny or work for us hence there is no catch this is technically something for nothing in so far as what we are legally obliged to provide you (although, in this situation: it would only make sense to purchase your future units from your company, as you will receive profits back similar to a discount. It would also make sense to contribute to the company as much as you can in whatever capacity you can; as you would be directly helping yourself). All this on top of free shipping for batch 2 and 10% off any future batch of your choice; this is an unprecedented level of customer service.

We sincerely hope that you will appreciate our efforts to go the extra mile for you and that you will appreciate the offer we’re making to you. We want to thank you for your patience, support and investment in our first batch. We hope you will continue to support us and we promise we will continue to value your custom and input. We are really excited about the future of our company in this industry and we hope that you will join us in our excitement.

Thank you and we’re looking forward to be hearing from you!


Kind Regards,

Mohammed Akram
Director


From what I can see, if you have paid your 30% and don't want to / are unable to pay the rest due to lack of credit card options, then you are not entitled to anything.
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July 30, 2014, 09:58:38 PM
 #2539

Yes, their announcement is a clear sign that they are in scam mode. They will continue to try to push accepting more cash until they finally disappear.

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July 30, 2014, 10:25:05 PM
Last edit: July 30, 2014, 10:38:16 PM by Phorna
 #2540

Yes, their announcement is a clear sign that they are in scam mode. They will continue to try to push accepting more cash until they finally disappear.

Customers should ask for invoices from Global Foundries for the 1st and 2nd tapeout. If these documents exist, and only then, customers may consider to choose to go for the new deal.
Otherwise everything is built on new lies and won't end good.  There is to much selling and marketing and almost no product in Alpha's current activities. To start shipping end of September they need to have very detailed plan and report to the customers on weekly basis.
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