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

[Bobsurplus]

Do you guys think it is possible to earn your investment back with these miners? Of course the difficulty will be much higher by the time these miners are delivered to your doorstep.
I found two interesting articles about it:
http://www.ofnumbers.com/2014/01/06/should-you-buy-an-alpha-technology-asic-for-litecoin-mining/
http://www.robzon.pl/2013/12/alpha-technology-litecoin-miner.html

Opinions?

Yes ROI is possible and quickly I presume!

[1715058124]

1715058124

[jasinlee]

Videos are kinda terrible proof, there are hundreds of ways to fake them that work even on a hardware level. And working devices cant be shipped until the they have been fabricated. But yes I can understand the second one.

[vesperwillow]

Do you guys think it is possible to earn your investment back with these miners? Of course the difficulty will be much higher by the time these miners are delivered to your doorstep.
I found two interesting articles about it:
http://www.ofnumbers.com/2014/01/06/should-you-buy-an-alpha-technology-asic-for-litecoin-mining/
http://www.robzon.pl/2013/12/alpha-technology-litecoin-miner.html

Opinions?

People need to stop spouting about how bad the difficulty will be. It hasn't risen that sharply over the past 3 months on most scrypt coins, and those are the months when GPUs were readily available. You're more likely to see difficulty rising a little moreso with the delivery of these.

GPUs are more rare than gold right now, drawing 2x MSRP in some cases. They're not constantly restoked like Dorito chips. It's quarterly on average, more frequent if the planets align.

The fact is, if you're serious about scrypt mining and don't hop onto the next generation of scrypt mining technology, you will slowly be left in the dust. Just like CPU/GPU miners of bitcoin.

[CR7xMarcelo]

There are two possible scenarios.
A) You will be scammed
B) They will delever the miners
Either scenario you guys are screwed.

A) speaks for itself
B) With the 30% you guys paid they will develop the ASICS (which will take months) and ofcourse mine with them before selling.
So by the time they deliver it, Q3 2014 if im optimistic, the difficulty will rise to that level, the profit then won't be worth the cash invested.
Better of buying 100's of litecoins!
NoHate

[gnostication]

Yeah who cares about these butthurt babies and their lost nothing worthless couple grand, its not like they would use it on their kids or food or rent. Bunch of whining serfs dont need that much food/shelter/clothing.

if you can barley afford food /shelter/clothing then you should not be trying to invest money, SAVE money yes!!!.. invest... HELL NO!! I cant believe there are so many broke asses on this forum.

+++

It seems to me that anyone desperate enough to buy into pre-order mining equipment but who has difficulty paying for life's essentials (as highlighted above) also has the equivalent of a serious gambling addiction problem.

Don't buy this equipment because you intend to make millions.  Buy this equipment as part of the experiment, as a risk with whatever you may lose, as a learning experience, and to generally support various facets of the crypto revolution.

[Bobsurplus]

Yeah who cares about these butthurt babies and their lost nothing worthless couple grand, its not like they would use it on their kids or food or rent. Bunch of whining serfs dont need that much food/shelter/clothing.

if you can barley afford food /shelter/clothing then you should not be trying to invest money, SAVE money yes!!!.. invest... HELL NO!! I cant believe there are so many broke asses on this forum.

+++

It seems to me that anyone desperate enough to buy into pre-order mining equipment but who has difficulty paying for life's essentials (as highlighted above) also has the equivalent of a serious gambling addiction problem.

Don't buy this equipment because you intend to make millions.  Buy this equipment as part of the experiment, as a risk with whatever you may lose, as a learning experience, and to generally support various facets of the crypto revolution.

LOL< so true, I dont understand people like that, there on the forums all day looking for a "loan" so they can get into mining..hahahah... mining costs money and has just as many if not more risks than just buying the coins and HODLing them.

[motatoys]

Here is a very detailed timeline, looking good so far

https://alpha-t.net/news/timeline/

[nightengale]

This timeline, if it is genuine, makes them a more transparent operation than any other mining operation I am familiar with. They are trying to build trust I think, and as far as I'm concerned, are making the right PR decisions. I only hope they give future preference to first batch customers. 

[Bobsurplus]

I only hope they give future preference to first batch customers. 

I'm sure they will, it only makes sense!

[Nullu]

Yeah who cares about these butthurt babies and their lost nothing worthless couple grand, its not like they would use it on their kids or food or rent. Bunch of whining serfs dont need that much food/shelter/clothing.

if you can barley afford food /shelter/clothing then you should not be trying to invest money, SAVE money yes!!!.. invest... HELL NO!! I cant believe there are so many broke asses on this forum.

+++

It seems to me that anyone desperate enough to buy into pre-order mining equipment but who has difficulty paying for life's essentials (as highlighted above) also has the equivalent of a serious gambling addiction problem.

Don't buy this equipment because you intend to make millions.  Buy this equipment as part of the experiment, as a risk with whatever you may lose, as a learning experience, and to generally support various facets of the crypto revolution.

LOL< so true, I dont understand people like that, there on the forums all day looking for a "loan" so they can get into mining..hahahah... mining costs money and has just as many if not more risks than just buying the coins and HODLing them.

Yes, it's gambling. They think they're going to win, and therefore justify the purchase. I am always very careful to only spend what I can afford and what I am prepared to lose. So far my spend is only in the hundreds of pounds in hardware, and thankfully I'm looking to make that back.

[Silvano]

seems alpha-t will be at least the 2nd scriptASIC

https://bitcointalk.org/index.php?topic=417635.0

[Bobsurplus]

weird, according to this public documentation, "M. Akram & Co" used to be "MAC Accounting Solutions Limited" and was changed back in 2013. So how about that NEVER changed names?

M. Akram Co looks like the same company as MAC. Maybe it was a legal thing, but it's still the same people. I regularly see businesses in my country use a brand name consistently, but the company names are either different or change often.

Hi there, my name is Fiaz Malik and I work at Alpha Technology as the customer support manager, I have recently joined the litecointtalk forum and have decided to start posting here aswell. You are correct in this, Muhammad Akram Senior has been accounting at this establishment with the same trading name since 1986, he was previously a sole trader but due to his son joining the family business and his company growing there was recently a little change in the company name and structure, it is just a detail.

I will be posting more soon and will do my best to respond to you all, I look forward to discussing our project with you.

All the best,

Fiaz.

Welcome to our community Fiaz, I look forward to being able to talk with you here about any concerns that may arise during this process.

Good luck with the build!

[cozk]

There is SCAM written all over the place with this company.

[lajz99]

There is SCAM written all over the place with this company.

I don't think anyone asked for your opinion with absolutely no evidence to back it up.  STFU kid.

[motatoys]

There is SCAM written all over the place with this company.

I don't think anyone asked for your opinion with absolutely no evidence to back it up.  STFU kid.

amen to that.. kids these days

[clockers25]

Does anybody else find this odd:

2 days for system assembly and testing

12 days for user manual

Also, does anybody ever go over to Dexcel Designs twitter handle?  They are constantly posting jobs, I think Dexcel is scrambling to find engineers to pull this off and currently doesn't have the manpower. 

[halcy0n3]

pre orders are closed anyway

[anderl]

Does anybody else find this odd:

2 days for system assembly and testing

12 days for user manual

Also, does anybody ever go over to Dexcel Designs twitter handle?  They are constantly posting jobs, I think Dexcel is scrambling to find engineers to pull this off and currently doesn't have the manpower. 

What I find odd is their ability to achieve the density to put 5x the density of chips into a 1U server.  I can't imaging the temperature problems at that density and the ability to dissipate heat.  I think they will have a high failure rate.

[Dabs]

Who missed out on the first batch and want to take a risk? I'll sell my pre-order for 2 BTC and going up as time goes on. (Yes, it can go down to zero if they fail, but that's why I took the risk.)

Terms of Deal: If you pay me, I change shipping address to your address, or if that is not allowed, I ship to you the day the miner arrives, and you also pay the remaining 70% and shipping costs.

[goldbars]

Keep up the good work alpha-t!