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

[jdebunt]

I have a small question though.

At the end of last year, around october or november, I was working for CryptoNerd & we broke the story about Alpha-technology.

In e-mail communication with one your people (I'll need to look up the name), they were mentioning of having a demo test in December or January.

However, neither of those happened.

Are they scheduled for a different date? Because I would love to see one in action for some articles on CryptoArticles.com

[retro72]

Some additional hashrate in a cloud based setup sounds good. However, I hope you make sure to make delivering the ordered miners your highest priority. Please do not build a farm with what should be your customers hardware.

This is the plan, delivering the Vipers is our highest priority, our cloud service is a completely separate development. We have no plans to ever mine ourselves, we are strictly in the business of selling hardware, if we were we would not have announced to the world we are building our own machines. Due to the fast and unpredictable nature of this market having a solution that allows us to respond to the market relatively quickly is one where everybody wins; especially our customers.

Well that's good news. Best of luck. If you guys do manage to pull this off and produce on time and on spec you'll have won me over as a batch 2 customer. But I'm sure after all the grief I've given you, that's not much comfort

[ayayay]

any opinions on the new proposal to host by alpha?

[jwinterm]

you can't really use the old asic/miner argument here that Alpha customers would have been better off just buying bitcoin in january, since they would have lost half their value, but you would have been much better off plugging $5k into vertcoin in january than pre-ordering one of these pieces of shit...

[lajz99]

you can't really use the old asic/miner argument here that Alpha customers would have been better off just buying bitcoin in january, since they would have lost half their value, but you would have been much better off plugging $5k into vertcoin in january than pre-ordering one of these pieces of shit...

Didn't see anyone asking for your useless opinion...dumbass troll...

[allcoinminer]

you can't really use the old asic/miner argument here that Alpha customers would have been better off just buying bitcoin in january, since they would have lost half their value, but you would have been much better off plugging $5k into vertcoin in january than pre-ordering one of these pieces of shit...

Didn't see anyone asking for your useless opinion...dumbass troll...

What is the offer for Indian customers?

[jwinterm]

you can't really use the old asic/miner argument here that Alpha customers would have been better off just buying bitcoin in january, since they would have lost half their value, but you would have been much better off plugging $5k into vertcoin in january than pre-ordering one of these pieces of shit...

Didn't see anyone asking for your useless opinion...dumbass troll...

wow, butthurt much?

[Emily Dickinson]

I have read all again, feel this thing is very promising

Thank you for your sharing, I already have a certain understanding for it, hope there will be helpful to me

[dannymack]

Is everyone seeing all the Mega Scrypt Miners popping up all over?!!

mining-asics-technologies:.com - $10,000 for 250mh/s (Q3/Q4)
Zeus - $10,000 for 72 mh/s (end of may)
Alpha - $10k for 90mh/s (sold out)
ZoomHash.com - $12k for 88mg/s
KnC - $10,000 for 300mh/s (q2/q3)

This is out of control! Not sure whos's fake or who will deliver on time, but the market is getting flooded fast!

[benjamin07]

While everybody is waiting (no news is bad news in crypto), would someone share some thought on the following:

CEX.io and Altpha-t clouds will collect fees in crypto, say 100% of the fees is to pay for electricity and fix problems, 0% for profit.

Say they solve one block every 30 minutes average, 2% of 25 BTC is 0.5 BTC or say at $500/BTC = $250 / 30 mins = $360,000 per month.

The cost of electricity and repairs MUST be paid otherwise the service stops, currently at $0.26 / GHs / month including maintenance as per CEX.io count on their fees page.

This means they can run 360,000 / 0.26 = 1.4 PHs only. If they run less, they make profit, if they run more, they lose (assuming the average of finding blocks will not change much from one every 30 mins, i.e. their share of total blocks found).

Because They have to pay the bills in fiat, and assuming they will run 1.4 PHs (probably CEX.io alone is more than that now, their own equipment, not users hosted hardware), means $360,000 worth of BTC are being dumped in the market each month and John and Jane Doe are buying and holding them, but how much can common people hold BTC, if every month $360,000 worth is being forcibly dumped (must sell, any price) by only these two, forget btcguild, eclipse etc. etc.

I think this is what is keeping the price of BTC down, but the devaluation will be more on Scrypt, which has far less buyers for fiat, so all fiat buyers will be very quickly saturated and LTC/BTC will drop further: why would i take your LTCs for my BTCs if the $ value of your LTC is going down. The $ price will only go up if there is demand for it, which at present is very limited, particularly with these currencies being hoarded like assets and not traded for exchange of goods and services as currencies would, at least not in any significant scale of legal operations.

Bottom line: the long term cloud mining and miners wanting ever increasing hashing power are two contradictory requirements that will have to balance. The idea of BTC was that the blockchain would be created funded by n users, n being in the order of a few million; one user running a large operation and funding the operation from the outcome of the mining is not doing anyone, including himself, any favors.

[vesperwillow]

Updates ? Tapeout ?

For June/July delivery as mentioned before (I believe), your tapeout should be completing or nearing its closure in the next week or so.

Regarding the cloud hashing, good proposal, but I think what you should do is to promise cloud hashing to the end user -- until you can ship them the equivalent mining gear. In other words if they're getting 16mh but they're "owed" 32mh, you cloud them the 16mh difference until you can build a physical machine for them.

Because, as the poster above pointed out, the cloud game will come to an end at some point. Even KNC knows this. It's also easier to just hand a customer a box than to deal with uptime on the hosted equipment.

Also, you're going to have to up your "promised" total hash to end users. There are machines finishing tape out which produce more than prior projections.

[Bbeenn]

Great to to see more announcements like this   

[Bobsurplus]

Everyone should be getting big bump-ups! 

[gik000]

Sell Alpha Technology Viper 16 MH/s Scrypt Miner (Batch 1) PREORDER
https://bitcointalk.org/index.php?topic=605861.msg6684160

[vesperwillow]

You guys have claimed recently that you're still on original schedule which, I think, was delivery for July. I might be wrong, correct me if so.

If this is the case, then point #5 bothers me. The PCB layout is only partially complete?

Further, where's the tapeout information? You guys should be completing that now and using June for workup and final tweaking.

[maardein]

Ok, thanks for the update. I still have two questions however:

- What is the current planning? Still on track?
- I was hoping to get some more info on the extra cloud hashing. Any info about that?

[allcoinminer]

Hey all! Big News for 16 Mh/s customers:

https://alpha-t.net/news/development-update-13052014/

When this will be shipped?

[Don007]

Hey all! Big News for 16 Mh/s customers:

https://alpha-t.net/news/development-update-13052014/

When this will be shipped?

July

That would be great. I just checked that update you state and it looks great too! Especially the WebGUI 

Let's see which ASIC manefactures are going to deliver on time; many of them stated Q2 / Q3 as shipping period.

[vesperwillow]

Hey all! Big News for 16 Mh/s customers:

https://alpha-t.net/news/development-update-13052014/

When this will be shipped?

July

So then has tapeout completed? It would need to be done no later than the end of May (ie, in your hands before June) to really meet a safe July schedule.

[nightengale]

Hey Fiaz -- At what point are the balances for miners going to be due? Will we see a working product before they are? July is coming up fast...