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

[nightengale]

Awesome move, to be more transparent here. Thanks!

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[blufox]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

[goldbars]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

that's fine id rather pay 200w of hydro instead of 3500w for the same setup so for me it's a huge investment

[balanghai]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

You nailed it brother!

[Bobsurplus]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

that's fine id rather pay 200w of hydro instead of 3500w for the same setup so for me it's a huge investment

No doubt, I have like 10K khs, and im paying hydro quebec up the ass, even with the sliding scale for between 0.05-0.09 cents per kwh, the hydro keeps killing me, I cant wait for these low power rigs to be delivered.

[Bobsurplus]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

I'm not expecting a super sick roi, the only reason I ordered is to lock up a spot for the next ordering option once alpha t opens sale for its gen 2 chips.

Then I'll stock up and throw 100K there way.

[anderl]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

that's fine id rather pay 200w of hydro instead of 3500w for the same setup so for me it's a huge investment

yes that is the going concern.  there are a few chinese fabricators that have completed and mass produced fpgas over the last 3 months, hence the spike in diff.  gridseed has already developed and produced asic chips and released a beta sample.  they are mass producing chips and rigs are being manufactured for them this month.

so if you can't get your alpha-t until july diff will probably be at 10k by then.

[jomay]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

that's fine id rather pay 200w of hydro instead of 3500w for the same setup so for me it's a huge investment

yes that is the going concern.  there are a few chinese fabricators that have completed and mass produced fpgas over the last 3 months, hence the spike in diff.  gridseed has already developed and produced asic chips and released a beta sample.  they are mass producing chips and rigs are being manufactured for them this month.

so if you can't get your alpha-t until july diff will probably be at 10k by then.

I fully expect difficulty to increase towards 10000 soon(ish). At that point it would most likely level off for some time, as this is the point where GPU's are just barely profitable, so they'd keep on leaving the network while ASICs enter the scene.

ROI would be achieved in 5-6 months with LTC, maybe sooner if price goes up or with the odd altcoin. Of course, price drops would make it more difficulty.

The more interesting question: (How) are you going to mine when difficulty is 10k? Not at all? Or you get an ASIC?

[Bobsurplus]

Who is actually expecting to earn their investment back with these ASICs? If diff keeps rising you may never earn your investment back...

that's fine id rather pay 200w of hydro instead of 3500w for the same setup so for me it's a huge investment

yes that is the going concern.  there are a few chinese fabricators that have completed and mass produced fpgas over the last 3 months, hence the spike in diff.  gridseed has already developed and produced asic chips and released a beta sample.  they are mass producing chips and rigs are being manufactured for them this month.

so if you can't get your alpha-t until july diff will probably be at 10k by then.

I fully expect difficulty to increase towards 10000 soon(ish). At that point it would most likely level off for some time, as this is the point where GPU's are just barely profitable, so they'd keep on leaving the network while ASICs enter the scene.

ROI would be achieved in 5-6 months with LTC, maybe sooner if price goes up or with the odd altcoin. Of course, price drops would make it more difficulty.

The more interesting question: (How) are you going to mine when difficulty is 10k? Not at all? Or you get an ASIC?

I don't know how to answer your last question, I got 15 cards running and have no clue what I should do with them once the asics hit the market, I did order one from Alpha-T though, so at least I'll have a chance at batch 2

[randym]

wts my preorder for 5mh/s viper.
Pm me for details.

[crazyearner]

3 weeks on and no response to any email. Phone support no response When are you going to respond alpha as I have asked several times regarding units investments group activities meeting in person and others stuff and you are yet to respond to any of my questions. Guess you must be that business to ignore an investment opportunity to bring more people into buying equipment and getting things running quicker.

[cozk]

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.

I' ll quote you when you'll post crying that you got scammed.

[wasubii]

3 weeks on and no response to any email. Phone support no response When are you going to respond alpha as I have asked several times regarding units investments group activities meeting in person and others stuff and you are yet to respond to any of my questions. Guess you must be that business to ignore an investment opportunity to bring more people into buying equipment and getting things running quicker.

Hey I can't really answer your questions without knowing them. Your welcome to PM me.

Fiaz.

http://www.grammar-monster.com/easily_confused/youre_your.htm

[matthewh3]

www.redstarmining.com - which is now in its third year of operation may be offering cheap US based hosting.  To help EU miners avoid the >20% VAT costs.  Please let us know if you're interested - https://bitcointalk.org/index.php?topic=383544.0

[wilson1973]

www.redstarmining.com - which is now in its third year of operation may be offering cheap US based hosting.  To help EU miners avoid the >20% VAT costs.  Please let us know if you're interested - https://bitcointalk.org/index.php?topic=383544.0

I fail to see the positive on this one. It'll cost a couple hundred dollars to ship something of this size to the US (by a reputable means), and then there is the uncertainty of the custom/tax charges importing to the US.

Then finally and possibly more importantly I'll have a several thousand dollar investment sitting several thousand miles away, with no easy access to it, or to retrieve it.

I guess it may be suitable for some, I just can't figure out who :-)

[matthewh3]

www.redstarmining.com - which is now in its third year of operation may be offering cheap US based hosting.  To help EU miners avoid the >20% VAT costs.  Please let us know if you're interested - https://bitcointalk.org/index.php?topic=383544.0

I fail to see the positive on this one. It'll cost a couple hundred dollars to ship something of this size to the US (by a reputable means), and then there is the uncertainty of the custom/tax charges importing to the US.

Then finally and possibly more importantly I'll have a several thousand dollar investment sitting several thousand miles away, with no easy access to it, or to retrieve it.

I guess it may be suitable for some, I just can't figure out who :-)

There's no import VAT in the states while EU miner's will have to pay >20%VAT.  Which is $2K at least on top of every $10K.

[coincrow]

I would be interested to buy one of the ASIC miner but I am afraid about their delay in delivery

[e521]

I would be interested to buy one of the ASIC miner but I am afraid about their delay in delivery

Don't preorder, if you want to invest it's always better to buy coins directly.
imho this is a scam or another BFL anyway

[nightengale]

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.

Hey there, we have optimized our ASIC RTL design in such a way that we will be able to achieve higher performance with a very low number of chips, thus the density of chips per machine will be significantly reduced.
Additionally we have optimized the power consumption extensively. The chip packaging has also been designed in such a way that thermal dissipation will be spread over a larger area, besides that we also plan to have heat sinks with sufficient fins so that a larger surface area is created so as to dissipate heat more efficiently.

Fiaz.

So you announced 5 MHs as a minimum specification, saying that the finished product would likely have significantly higher performance and that 5 MHs was the "worst case" scenario. But now it sounds like the number of chips per device is being reduced. So will scaling down the number of chips per device then significantly reduce any performance gains from the design optimization? This concerns me a little.

On a separate note, will 1st gen customers be given any preference in future product releases?

[flasheart]

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.

Hey there, we have optimized our ASIC RTL design in such a way that we will be able to achieve higher performance with a very low number of chips, thus the density of chips per machine will be significantly reduced.
Additionally we have optimized the power consumption extensively. The chip packaging has also been designed in such a way that thermal dissipation will be spread over a larger area, besides that we also plan to have heat sinks with sufficient fins so that a larger surface area is created so as to dissipate heat more efficiently.

Fiaz.

I am glad you are saving money in your design, both by reduction in chips and case... I hope you plan to share these savings with the group of people that backed you as a new company...

Since we are still early in the process I'm sure its not too late to either adjust the chips slightly and give us ~20% more performance and / or for those of us that bought the big 25MH unit reduce the final price by ~10% (that may offset tax and shipping charges a bit).

Personally I'm sure you've figured out a profit margin you are aiming for (say 30%).. if it doesn't cost much more, increase chip density.   If you are still under costs near shipping time reduce cost.  In the end you still end up profitable, but have also gone a long way in making this fickle community happy and preparing for your 2nd gen devices (by increasing chip density).