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

[theym00s]

oh ya? what hardware did you develop?

[frankenmint]

No way this is a scam.

Look at "meet the team". These people all exist and are easy to find.
It now depends on the Dextel teams in India to deliver a good product and in a timely fashion.

Dextel is a company that may very well pull it off. They have experience and manpower.
Also their expectations seem realistic. The only thing I'm not sure about now is... How fast will they finish the first batch ? Just half a year from now seems VERY optimistic.

Maybe we can have some kind of agreement here in this thread to stop shouting "SCAM" until they actually do something scammy ?

Perceived "red flags" are just gut feelings, they can be explained by non -scammy phenomena like : time pressure, human error, etc.

dude... I develop hardware, i know how long things take before you can actually produce something commercial. By now you would have had pictures, youtube clips showing hashes, pics of boxes with prototypes etc. since these things give customer trust and increase sales. Since we have not seen any of those, we can assume they do not exist. This mean there is no way in hell you gonna make Q2 or even Q3 delivering these good. This is a scam pretty sure of it.

video game world where console has an expected lifecycle of 10+ years, I agree.  But in a hyper-volatile world of cyryptocurrency custom hardware development, I fully disagree with you.  HW companies push in full speed balls to the wall and hope to reach their estimations within + 2-4 weeks of expected hardware release - I've only seen it done successfully with Asicminer, Avalon, KNC, and Bitfury.  Everyone else more/less failed.   The only company I saw with this well in advance would be dave's Bitfury full kit pics that came out I believe Aug/September.  

Please everyone understand that GPU investors are also fanboys in and of themselves and have an interest in watching this company fail and seeing others who would be "presumably burned from investing in them" leave scrypt algo altogether - leaving the pie for themselves to harvest.  I'm Just saying I see that a bunch was said and I've seen them address these statements in their updates.  

[retro72]

No way this is a scam.

Look at "meet the team". These people all exist and are easy to find.
It now depends on the Dextel teams in India to deliver a good product and in a timely fashion.

Dextel is a company that may very well pull it off. They have experience and manpower.
Also their expectations seem realistic. The only thing I'm not sure about now is... How fast will they finish the first batch ? Just half a year from now seems VERY optimistic.

Maybe we can have some kind of agreement here in this thread to stop shouting "SCAM" until they actually do something scammy ?

Perceived "red flags" are just gut feelings, they can be explained by non -scammy phenomena like : time pressure, human error, etc.

You can't have it both ways. Telling people not to call it a scam then saying there's "no way this is a scam". There is no definitive proof either way. Only time will tell. At this moment gut feelings are all we have to go on, whether you believe or not.

That is enough for some people to part with their money. Others demand a higher burden of proof. Either way I wish them the best of luck.

[vesperwillow]

Anyone notice the picture and description of the 25mh device has slightly changed since yesterday? It's no longer a 4U device, it's a 1U just like the smaller variant. Shipping still shows Q3 as the latest.

So now they went from a somewhat possibly believable hardware design, to a not so believable design--unless they've figured out something no other developer yet (including KNC) has: stuffing 25MH of FPGA/ASIC into a 1U case with 0 cooling issues.

That's the equivalent of 25 7990's, in a tiny case 2x the size of a netbook. There isn't even room for liquid cooling, much less air cooling.

[newguy05]

i really dont understand this...

right now you can buy 0.7MH for $400 and hash right away using radeons.  That's $600/MH (adding on power supply/motherboard etc.. cost), and you can always sell the radeon cards later on to recoup a good portion of the cost even if litecoin goes to 0 or difficulty skyrockets

this miner cost $320/MH, with at least a 6+ month wait, risk of being fraud/delay, for <50% saving?  

my question is...why?  why would anyone take such high risk for so little reward, instead of just using the money to buy video cards and start mining tomorrow instead...

Is it purely electricity savings?

makes...no....sense.

[vesperwillow]

i really dont understand this...

right now you can buy 0.7MH for $400 and hash right away using radeons.  That's $600/MH (adding on power supply/motherboard etc.. cost), and you can always sell the radeon cards later on to recoup a good portion of the cost even if litecoin goes to 0 or difficulty skyrockets

this miner cost $320/MH, with at least a 6+ month wait, risk of being fraud/delay, for <50% saving?  

my question is...why?  why would anyone take such high risk for so little reward, instead of just using the money to buy video cards and start mining tomorrow instead...

Is it purely electricity savings?

makes...no....sense.

The electrical savings would be significant. I would own a house full of these devices if they could be produced at spec. I want to expand my GPU operations but currently am pushing my 150amp breaker to the limit, I need industrial space. Something like this would be great for me.

[jasinlee]

We saw another company with lots of shills and childish remarks recently go under. Was realsolid based in UK?

[Mr.V]

i really dont understand this...

right now you can buy 0.7MH for $400 and hash right away using radeons.  That's $600/MH (adding on power supply/motherboard etc.. cost), and you can always sell the radeon cards later on to recoup a good portion of the cost even if litecoin goes to 0 or difficulty skyrockets

this miner cost $320/MH, with at least a 6+ month wait, risk of being fraud/delay, for <50% saving?  

my question is...why?  why would anyone take such high risk for so little reward, instead of just using the money to buy video cards and start mining tomorrow instead...

Is it purely electricity savings?

makes...no....sense.

even 10 cards is hard to come by now days. tell me a store tht will just release 50 of them to you

[Its About Sharing]

i really dont understand this...

right now you can buy 0.7MH for $400 and hash right away using radeons.  That's $600/MH (adding on power supply/motherboard etc.. cost), and you can always sell the radeon cards later on to recoup a good portion of the cost even if litecoin goes to 0 or difficulty skyrockets

this miner cost $320/MH, with at least a 6+ month wait, risk of being fraud/delay, for <50% saving?  

my question is...why?  why would anyone take such high risk for so little reward, instead of just using the money to buy video cards and start mining tomorrow instead...

Is it purely electricity savings?

makes...no....sense.

Just to add to what the two other posters have already said,
do the math, I'm in Germany and pay .28 KW/hr. Two AMD R290 video cards would use 600 watts and cost me 150 Euro in electricity a month and put out 1800 MH/s.
The 5MH/s unit uses 100 watts of power. So, per MH/s, an R290 costs around 400 Euro (just rough cost, plus the computer) and then 75 a month in electricity.
So, 20 bucks a month or so for the Viper vs. 440 bucks using 5.8 R290 cards (plus hardware), yes, 1/20th the energy and 2X the performance.
Think about that...

[coin123123]

GPU that you buy now, you can sell for at least 50% in 6 months,
When/if miners arrive, they have limited time to mine in unknown difficulty that may never ROI and you can throw them in the garbage..

[vesperwillow]

GPU that you buy now, you can sell for at least 50% in 6 months,
When/if miners arrive, they have limited time to mine in unknown difficulty that may never ROI and you can throw them in the garbage..

You have no idea what you're talking about do you? $7,000 KNC equipment was selling for over a month for $40,000+

A $10,000 Scrypt miner with such efficient power factor, would sell for quite a premium.

Besides that, if difficulty DOES rise over the next year, GPU demand will rise even more, and their production isn't increasing (according to AMD), therefore it'll be EVEN HARDER to buy GPUs--therefore having one of these would be advantageous.

Consequently difficulty won't rise as much as people think. Mathematically it can't based on supply which is dwindling.

[bitbountyhunter]

scryptasic.org is now pointing to alpha-t.net website and scriptasic twitter is gone.. this is looking odd 

[ungaro59]

http://www.reddit.com/r/litecoinmining/comments/1uveun/alpha_technologys_scam_team_akram_akram_akram_and/

[Dabs]

I'm not a fan boy or anything, but ...3 hours left to decide. YOLO?

[vrm86]

GPU that you buy now, you can sell for at least 50% in 6 months,
When/if miners arrive, they have limited time to mine in unknown difficulty that may never ROI and you can throw them in the garbage..

You have no idea what you're talking about do you? $7,000 KNC equipment was selling for over a month for $40,000+

It was BTC case, we look into scrypt-coins now. Can you definitely predict the future? Also, any used SHA256 Asic miner isn't worth it's price now.
Of course, there are still some nuubs that gonna buy stuff that will never paid off...

[vesperwillow]

GPU that you buy now, you can sell for at least 50% in 6 months,
When/if miners arrive, they have limited time to mine in unknown difficulty that may never ROI and you can throw them in the garbage..

You have no idea what you're talking about do you? $7,000 KNC equipment was selling for over a month for $40,000+

It was BTC case, we look into scrypt-coins now. Can you definitely predict the future? Also, any used SHA256 Asic miner isn't worth it's price now.
Of course, there are still some nuubs that gonna buy stuff that will never paid off...

Nobody can predict the future, so why are folks predicting it by saying scrypt asic is worthless because of possible difficulty increases??? If anything that IS the reason to get into scrypt asic.. the electrical bill will kill your GPU eventually.

The difficulty scenarios are different in scrypt than sha, mainly because of power AND supply/demand. Most any engineer can come up with sha256 Asic, they have been popping up everywhere. Scrypt is different, which is one reason why GPU's have held the market so long: They're already designed and made in bulk and readily attainable. IF difficulty were to rise significantly, it would be because of increased GPU mining right now, which would deplete the quarterly shipment of available GPUs.

It's far more self regulating than sha.

[Tomatocage]

I went ahead and flagged alpha-t with cautionary trust. There's just too many questions that need to be answered.

[theym00s]

I went ahead and flagged alpha-t with cautionary trust. There's just too many questions that need to be answered.

wtf someone jumping the ship? damn but thanks for holding our hands and making me feel better tonight when I sleep

[Tomatocage]

I went ahead and flagged alpha-t with cautionary trust. There's just too many questions that need to be answered.

wtf someone jumping the ship? damn but thanks for holding our hands and making me feel better tonight when I sleep

I was never on the ship to begin with. And please note that I didn't say that this is a scam, but I gave negative trust as a cautionary measure. Potential buyers should exercise extreme caution and do proper vetting of this company before spending their money on something that may or may not be vaporware.

[ymer]

I went ahead and flagged alpha-t with cautionary trust. There's just too many questions that need to be answered.

wtf someone jumping the ship? damn but thanks for holding our hands and making me feel better tonight when I sleep

Why you have to be mad? unless you are an Alpha Tech shill you should have no problem with that. Alpha hasn't responded to a lot of allegations on this forum, they just ignored everything and posted their "update"