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

[OrientA]

Wow with the price of BTC crashing and expected to fall into the $100 price range as scared sheeple dump coins on the market. By the time Alpha ships a thing there won't be much left mining much of anything. Litecoin is going to fall below a dollar and already many people live where electricity costs so much that it would be cheaper to just leave their Alpha-T Viper unplugged by the time you get it.

Come on Alpha Sprouts, tell us some stories. Tell us how much progress you've made and how great you are. Then explain that you won't be shipping anything because of someone else's fault, delays, blah, blah, excuses, lies, etc...

BTC crashing into the $100 range?  I'll be ready to buy!

Already below $200..

The problem is that if it is below $200, we will wait for it to be below 150, so on and on

[vesperwillow]

The problem is that if it is below $200, we will wait for it to be below 150, so on and on

You mean the Asian-market/ASIC-market hyper-inflation bubble from last year will finally subside? Indeed. My thoughts have always been that it'll level out to below 200, stay in the 100ish range for awhile like it was before. There was no tangible reason for it to be as high as it was, it was fear and manipulation.

Fear and manipulation...very much on topic for this thread!

[s1gs3gv]

The problem is that if it is below $200, we will wait for it to be below 150, so on and on

$10

[hdmediaservices]

The problem is that if it is below $200, we will wait for it to be below 150, so on and on

$10

At $10 per BTC -- I'll buy one thousand -- maybe I'll get lucky and it will go up to $20.

[jrose120]

The problem is that if it is below $200, we will wait for it to be below 150, so on and on

$10

At $10 per BTC -- I'll buy one thousand -- maybe I'll get lucky and it will go up to $20.

With 3,600 new bitcoins being pulled out of thin air every 24 hours, due to mining, I' wouldn't be surprised if the whole thing collapses. No new money is going into BTC and a flood is being converted to fiat. We might get a repeat in a few years where the value sky rockets due some problem with the banking system. I might start steadily buying up BTC when it looks like it couldnt get any worse, however we are far from there at this point.  

As far as Alpha Sprouts Tech, they are not going to be able to survive these conditions. They haven't shipped anything and most likely never will. They are dead in the water and its plain as day for all to see.

[coinking]

I had a dream last night btc went to $10

[Meanotor]

Whatever brought it down will bring it down again

[coinking]

also is there any movement on taking these guys to court.. this is basically bfl #2 and they settled.. when is the initiative to get back what belongs to the community?

[atp1916]

The problem is that if it is below $200, we will wait for it to be below 150, so on and on

$10

At $10 per BTC -- I'll buy one thousand -- maybe I'll get lucky and it will go up to $20.

With 3,600 new bitcoins being pulled out of thin air every 24 hours, due to mining, I' wouldn't be surprised if the whole thing collapses. No new money is going into BTC and a flood is being converted to fiat. We might get a repeat in a few years where the value sky rockets due some problem with the banking system. I might start steadily buying up BTC when it looks like it couldnt get any worse, however we are far from there at this point.  

As far as Alpha Sprouts Tech, they are not going to be able to survive these conditions. They haven't shipped anything and most likely never will. They are dead in the water and its plain as day for all to see.

I'd definitely buy a ton of BTC if it goes that low.  $10?  Load me up! 

Anyhow, Alpha-T likely had good intentions like any other start-up ASIC designer in the space - i don't believe they set out to scam people...but that's what happens when you blow delivery dates and people start pulling their orders.  It's a rough space to be in, and if your risk analysis is off you're effectively setting yourself up for failure because stuff always happens.

Oh well.  The next Alpha-T is likely forming to take more of peoples' $$$

[Odeyin]

On their update page they showed they were mining at www.wemineall.com  Did anyone by chance grab a Screen Shot of the Hashing Power on that site that day?  Today they are only doing about 90Mhash...

[atp1916]

Wow, wemine biting the dust?  I remember when they were King Kong up when LTC was strong.  A sign of the times...

[jip]

I'm at the point where I have to pay the court fees for UK Small Claim.
I was wondering if anyone who won a UK or European Small Claims procedure was able to force Alpha-T to pay or what you have done after winning the claim. Let a bailiff collect the amount ? Any luck ?

[cisengineer]

A week without a post here and more than a month of silence from Alpha-T. Also BitPay has severed ties with them and cannot help (I paid in BTC from the US) Somebody really needs to find this guy.

[s1gs3gv]

The Moss Side boys got away with it, eh ?

[SCGenius]

Yup, got away, just like Alex Green and Mintpal/moolah...and many more scams.

[vesperwillow]

If people would just use more logic/reasoning and consideration, there could be fewer victims. Also, listening to folks who point out obvious faults in business plans from startup-companies.

[retro72]

I think its time to stick a fork in this one. Alpha are done.

A week without a post here and more than a month of silence from Alpha-T. Also BitPay has severed ties with them and cannot help (I paid in BTC from the US) Somebody really needs to find this guy.

Just out of interest. Have you taken Alpha/Mubasher to UK small claims court. If not, why?

[ninjaboon]

did anyone manage to claim back via Paypal?

[vesperwillow]

I think there were a couple back in like May. I know there were a couple, just not positive on the timeframe.

[soltantgris]

Pending for months now (paypall and CC refund request).