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

[feomat]

end of dec / early jan

[1714106333]

1714106333

[Bigeyeone]

seems to me this Aisc miner is a longshot.

They are a new company, that no one ever heard off before, they have not produced a BTC asic miner before ,they accept BTC only, wont do paypal (where you could get your money back) and they wont do escrow.

So the deal is: send us your BTC and we will send you the most amazing scrybt ASIC miner, that nobody else has got, some time in the near future

....just my 2 satoshis

[Sk1llS]

Dexcel Electronic Designs is our main partner in the design and manufacturing of our Litecoin (Scrypt) ASIC Miners. Headquartered in Bangalore,  India

That right there should set off alarm bells.

[Bigeyeone]

Dexcel Electronic Designs is our main partner in the design and manufacturing of our Litecoin (Scrypt) ASIC Miners. Headquartered in Bangalore,  India

That right there should set off alarm bells.

Well I am very skeptical also, afraid this could be the next butterfly labs or even worse, but heey could  be the next KNC also  , that why I called  it a longshot, I think this a heads or tails gamble.

But  why would this company in India , http://www.dexceldesigns.com/  , a design company set off alarm bells, what's wrong with this company?  do they have a bad reputation ?

[Sk1llS]

Looking back I can't recall an instance where has India ever been the first with ANY electronics. Hope this is not a scam but it looks shady as heck. You gotta know there have been Chinese companies working on a Scrypt ASIC since the announcement of LTC and other Scrypt based coins. China is the electronic epicenter of the world and they would have any and all electronics at their disposal along with all the factories to produce supporting components, I just don't see the Indians beating them (no offense to our Indian members).

[Bigeyeone]

Looking back I can't recall an instance where has India ever been the first with ANY electronics. Hope this is not a scam but it looks shady as heck. You gotta know there have been Chinese companies working on a Scrypt ASIC since the announcement of LTC and other Scrypt based coins. China is the electronic epicenter of the world and they would have any and all electronics at their disposal along with all the factories to produce supporting components, I just don't see the Indians beating them (no offense to our Indian members).

although all the electronics are manufactured in China, they are not designed in China you know. I dont know of any CPU , GPU, FPGA, ASIC that has been designed in China.

[Dabs]

I'll buy 10 units please.

[nikom00]

I'm looking forward to VIPER.  I hope Alpha Technology (AT) will consider doing something no other mining hardware manufacturer (that I know of) is doing - provide the option to purchase pre-orders through an escrow service. 

This may require seeking venture capital or paying out-of-pocket to fund first batch manufacturing, but the benefits (in my opinion) would far outweigh those costs for legitimate businesses.  By offering a purchase through escrow option, AT could:
- guarantee buyers a full refund if products/services are not delivered as promised.  This should alleviate at least some concerns for potential buyers who are 'on the fence' and/or have been 'burned before' by companies that were either scams to begin with or just fell apart
- protect themselves from fraudulent chargebacks
- set a new gold standard for how mining manufacturers handle pre-orders

Everybody wins.

Going one step further, if AT offers a full one-year warranty (unlike Cointerra's 30 day warranty) and price reduction protection (several companies do this), that would seal the deal.

Fingers crossed.

They offer paypal paying options for pre-orders, if this may be of an interest.

[AFox]

*Looks at price*
I'm out.

[coin123123]

~2000$=5mhs=1btc every two weeks
~9000$=25mhs=1btc every two days
calculations based on coinwarz

price seems low or am i wrong?

[Mirsad]

~2000$=5mhs=1btc every two weeks
~9000$=25mhs=1btc every two days
calculations based on coinwarz

price seems low or am i wrong?

Don't forget the difficulty increase  

2000$ for 5mhs with a single purpose chip is not cheap.
I can build a 2mhs rig under 1200$.

The 5mhs asic miner can not be used for other purposes or be sold, after mining is no longer profitable -> selling computer parts is easy

You get about 3 times the hashpower compared to normal hardware. Not bad, but definitly not cheap.

Biggest problem:
Shipping date! Same problem had BFL... delay = mining loss!

[albertdros]

~2000$=5mhs=1btc every two weeks
~9000$=25mhs=1btc every two days
calculations based on coinwarz

price seems low or am i wrong?

Don't forget the difficulty increase  

2000$ for 5mhs with a single purpose chip is not cheap.
I can build a 2mhs rig under 1200$.

The 5mhs asic miner can not be used for other purposes or be sold, after mining is no longer profitable -> selling computer parts is easy

You get about 3 times the hashpower compared to normal hardware. Not bad, but definitly not cheap.

Biggest problem:
Shipping date! Same problem had BFL... delay = mining loss!

dont forget that these will be shipped in a long time from now. Big chance the new radeons will get u a similar hashrate by that time, for cheaper.

Just sayin.

edit: oh and just forget about mining btc with these. The new jupiters will be out before that so the difficulty of btc will skyrocket.

[ButchHashidy]

is anyone planning on doing a more thorough background check? Come on btctalk hax0rs.  Also, a form of escrow for down payments would show some buyer protection.  Reputable escrow por favor?  Paypal only provides protection for x amount of time, not indefinitely.

[nikom00]

~2000$=5mhs=1btc every two weeks
~9000$=25mhs=1btc every two days
calculations based on coinwarz

price seems low or am i wrong?

Don't forget the difficulty increase  

2000$ for 5mhs with a single purpose chip is not cheap.
I can build a 2mhs rig under 1200$.

The 5mhs asic miner can not be used for other purposes or be sold, after mining is no longer profitable -> selling computer parts is easy

You get about 3 times the hashpower compared to normal hardware. Not bad, but definitly not cheap.

Biggest problem:
Shipping date! Same problem had BFL... delay = mining loss!

dont forget that these will be shipped in a long time from now. Big chance the new radeons will get u a similar hashrate by that time, for cheaper.

Just sayin.

edit: oh and just forget about mining btc with these. The new jupiters will be out before that so the difficulty of btc will skyrocket.

AMD won't release the new cards in a year (they never do it so often). But yeah, the mining loss is really big with those release dates.. and think about the competitors that will come shortly.

[nikom00]

is anyone planning on doing a more thorough background check? Come on btctalk hax0rs.  Also, a form of escrow for down payments would show some buyer protection.  Reputable escrow por favor?  Paypal only provides protection for x amount of time, not indefinitely.

There is a lot of info on the Dextel. There was an article in "The Hindu" which was written by its owner. What I think will be really useful if knowing people take a look at their scrypt asic design and tell if it looks real and if its really is an ASIC. https://alpha-t.net/wp-content/uploads/2013/12/Scrypt_ASIC_Prototyping_Design_Document.pdf

[cgw007]

~2000$=5mhs=1btc every two weeks
~9000$=25mhs=1btc every two days
calculations based on coinwarz

price seems low or am i wrong?

Don't forget the difficulty increase  

2000$ for 5mhs with a single purpose chip is not cheap.
I can build a 2mhs rig under 1200$.

The 5mhs asic miner can not be used for other purposes or be sold, after mining is no longer profitable -> selling computer parts is easy

You get about 3 times the hashpower compared to normal hardware. Not bad, but definitly not cheap.

Biggest problem:
Shipping date! Same problem had BFL... delay = mining loss!

Wow I was really looking forward to these but at these prices its better to wait to see what comes next or just stick with GPU's.

[porcupine87]

~2000$=5mhs=1btc every two weeks
~9000$=25mhs=1btc every two days
calculations based on coinwarz

price seems low or am i wrong?

Don't forget the difficulty increase  

2000$ for 5mhs with a single purpose chip is not cheap.
I can build a 2mhs rig under 1200$.

The 5mhs asic miner can not be used for other purposes or be sold, after mining is no longer profitable -> selling computer parts is easy

You get about 3 times the hashpower compared to normal hardware. Not bad, but definitly not cheap.

Biggest problem:
Shipping date! Same problem had BFL... delay = mining loss!

Is it right, that you could buy used 2 radeons for 1200$ with 1mh/s each? And after one year you will probably get still 800-1000 bucks for the 2 cards?

[ButchHashidy]

is anyone planning on doing a more thorough background check? Come on btctalk hax0rs.  Also, a form of escrow for down payments would show some buyer protection.  Reputable escrow por favor?  Paypal only provides protection for x amount of time, not indefinitely.

There is a lot of info on the Dextel. There was an article in "The Hindu" which was written by its owner. What I think will be really useful if knowing people take a look at their scrypt asic design and tell if it looks real and if its really is an ASIC. https://alpha-t.net/wp-content/uploads/2013/12/Scrypt_ASIC_Prototyping_Design_Document.pdf

Would be wise and a good starting point.  As many times as the community's been burned, we should have a protocol for dissecting new business / products lol.

[Mortimer452]

I agree with most others, the price is a little disappointing.  I don't see any dates here - but with registration in a few days, and the "remaining 70% due 8-10 weeks before shipment" I am guessing we are looking at 4-6 months to ship.

The price is marginally better than what you would spend to build a rig with similar hashrates, the only big advantage is much lower power consumption.

[xephyr]

I agree with most others, the price is a little disappointing.  I don't see any dates here - but with registration in a few days, and the "remaining 70% due 8-10 weeks before shipment" I am guessing we are looking at 4-6 months to ship.

The price is marginally better than what you would spend to build a rig with similar hashrates, the only big advantage is much lower power consumption.

Much lower power consumption is very significant, and the only real competition is the Fibonacci ASIC miner. Announced price of Alpha Technology per kh/sec is about half of the Fibonacci. Better sell your GPU's to noob miners while resale is high, the ASICs are coming.