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

[Nullu]

Just don't be one of those people who doesn't see the writing on the wall, here.

[vesperwillow]

Hashfast was hilarious. And did anyone see photos of the "CEO" ? I wouldn't trust him with a broken pencil.

[Stevenrm87]

Our money is gone! Fuck!

[malandante]

This is what I received upon cancellation request:

"Hello there,

I am very sorry but as per our cancellation policy which is legally binding it has been longer than 5 months since you placed your order therefore you are no longer eligible for a refund. We must say we have been very clear and open with our terms of order, it was released as a news update, it is easily available on our website and you are requested to view it on the product page before you order. I can assure you that our legal matters are dealt with by a leading law firm in the UK. I can assure you that the terms of order are completely legal in the UK. Our terms were typed up by solicitors who specialize in this area of law. They have advised us that all our customers will be legally classed as businesses for many reasons and one reason being that the hardware we are selling can only be used for either mining cryptocurrencies or for resale unless the customer can prove anything other in court which is of course not possible as our devices have no other use.

Best Regards,

Alpha Technology Team"

What do you think?

[Phorna]

I can assure you that our legal matters are dealt with by a leading law firm in the UK. I can assure you that the terms of order are completely legal in the UK. Our terms were typed up by solicitors who specialize in this area of law. They have advised us that all our customers will be legally classed as businesses for many reasons and one reason being that the hardware we are selling can only be used for either mining cryptocurrencies or for resale unless the customer can prove anything other in court which is of course not possible as our devices have no other use.

Wow! This has gone ugly. They started to wipe their mugs with "solicitors". That means they have taken some steps to rip off customers that wanted to get refunds. The message is clear, a specially in context that they claimed to have 70% of all the money collected and production fully funded.  

Anyway on the same basis Blizzard can claim their WOW subscribers to be businesses because they can farm gold and even sell it online.  

[RainMan28]

In an ideal world, the people who will be ripped off here would serve as a reminder to others not to purchase ASICs on pre-orders from companies who have zero history or track record.

In reality though, this will just be another notch on the belt, and the scamming companies will keep popping up and stealing from their "customers".

Move along, nothing new to see here!

[retro72]

What do you think?

Is that the same "leading law firm"  that wrote their extremely amateurish original terms and conditions? The same "leading law firm that has re-written them 3 times? The same "leading law firm" that failed to mention anywhere on the website that this is a B2B purchase?
This is some kind of joke. You could drive a bus through the holes in that argument. I really can't believe the nerve of these guys.

Alpha customers are pretty screwed whatever happens as the people running this company seem to have no regard for the law or their customers. It seems you'll have to drag them through the courts to get anything out of them.

I've made several posts regarding the illegality of their refund policy and how to fight it. I suggest you give them a read, then contact Citizens Advice and start a small claims action..

https://bitcointalk.org/index.php?topic=314402.msg7371136#msg7371136

https://bitcointalk.org/index.php?topic=314402.msg7368036#msg7368036

https://bitcointalk.org/index.php?topic=314402.msg7290648#msg7290648

https://bitcointalk.org/index.php?topic=314402.msg7293210#msg7293210

[vesperwillow]

I agree with retro, their terms don't add up to some UK regulations that I've seen. I'm not a UK resident, but I know enough to contact the UK authorities. If I lived there, I would also talk to a lawyer and see if they'll pro-bono look over the terms to see if there are any ways it can be attacked.

And, I keep saying it, I'd go camp out at their business address and harass them (legally). I'm surprised so few people are interested in face to face discussions. People are possibly going to lose tens, thousands of dollars. Wouldn't you want to follow these folks home to see where the money is going?

And hell, who knows, on the speculative side of things, maybe those couple of folks months ago were right and the money did get laundered to "horrible purposes". All we know is none of this looks proper. None of it.

[Vagnavs]

Why would anyone trust a company that works out of this office?

- -

[brian_23452]

Well thats.....certainly one way to go.

[anderl]

This is what I received upon cancellation request:

"Hello there,

I am very sorry but as per our cancellation policy which is legally binding it has been longer than 5 months since you placed your order therefore you are no longer eligible for a refund. We must say we have been very clear and open with our terms of order, it was released as a news update, it is easily available on our website and you are requested to view it on the product page before you order. I can assure you that our legal matters are dealt with by a leading law firm in the UK. I can assure you that the terms of order are completely legal in the UK. Our terms were typed up by solicitors who specialize in this area of law. They have advised us that all our customers will be legally classed as businesses for many reasons and one reason being that the hardware we are selling can only be used for either mining cryptocurrencies or for resale unless the customer can prove anything other in court which is of course not possible as our devices have no other use.

Best Regards,

Alpha Technology Team"

What do you think?

I think that Vipers make rafts that is another use,




and as a go cart... some additional assembly required.




and to cover up those unsightly pot holes. 




And what gives since when did mining cryptocurrencies becomes a strictly business activity.  It began as a hobbyist activity by techy people with graphic cards.  It is NOT a business only activity.  There is not legal restriction preventing consumers from entering the cryptocurrency mining community.  Now if the UK requires that all miners be incorporated then that is another matter but they don't and any lawyer telling alpha-tech that is out of his gorge.  Fiaz is desperate if they keep touting that line about all their customers being businesses. 

[brian_23452]

Of course it isn't a business only activity.  In any case, I would bet any amount of money that the burden of proof would be on them to prove you are a business, given that they are the ones seeking the exemption from the law.

I would also bet any amount of money that the whole "we talked with a lawyer and it is legal"  thing is a bunch of bs that they are hoping to scare people with, to discourage lawsuits.  Even if by chance they did find an attorney who told them that it doesn't make it correct , that is what court cases are for after all.

[stompix]

This is what I received upon cancellation request:

"Hello there,

I am very sorry but as per our cancellation policy which is legally binding it has been longer than 5 months since you placed your order therefore you are no longer eligible for a refund. We must say we have been very clear and open with our terms of order, it was released as a news update, it is easily available on our website and you are requested to view it on the product page before you order. I can assure you that our legal matters are dealt with by a leading law firm in the UK. I can assure you that the terms of order are completely legal in the UK. Our terms were typed up by solicitors who specialize in this area of law. They have advised us that all our customers will be legally classed as businesses for many reasons and one reason being that the hardware we are selling can only be used for either mining cryptocurrencies or for resale unless the customer can prove anything other in court which is of course not possible as our devices have no other use.

Best Regards,

Alpha Technology Team"

What do you think?

I think we have another hashfast here.
And that didn't end to well for the customers ordering.

[TheCloser]

I personally believe they do have "top notch" lawyers. That's where all their money went and why they couldn't afford a better storefront.

[s1gs3gv]

Wouldn't you want to follow these folks home to see where the money is going?

VesperWillow, I'm not sure you understand fully what people are dealing with here if you are encouraging people to 'follow these folks home' in an area just a few blocks from Moss Side.

See those steel shutters in the picture of the Alpha-T office ? There is a reason why they are there.

See that video camera on the building next door ? Ditto.

Seriously.

[s1gs3gv]

This is what I received upon cancellation request:

"Hello there,

I am very sorry but as per our cancellation policy which is legally binding it has been longer than 5 months since you placed your order therefore you are no longer eligible for a refund. We must say we have been very clear and open with our terms of order, it was released as a news update, it is easily available on our website and you are requested to view it on the product page before you order. I can assure you that our legal matters are dealt with by a leading law firm in the UK. I can assure you that the terms of order are completely legal in the UK. Our terms were typed up by solicitors who specialize in this area of law. They have advised us that all our customers will be legally classed as businesses for many reasons and one reason being that the hardware we are selling can only be used for either mining cryptocurrencies or for resale unless the customer can prove anything other in court which is of course not possible as our devices have no other use.

Best Regards,

Alpha Technology Team"

That reads very much like a 'Bust us if you can, sucker' invitation.

[s1gs3gv]

I personally believe they do have "top notch" lawyers. That's where all their money went and why they couldn't afford a better storefront.

I very much doubt it. In general, people who scam people rely on the fact that it will cost you time, money and grief to obtain justice and the cost of trying will be much more than the amount of money you have at stake.

Now, this is one of those situations where Alpha-T may pull the rabbit out of the hat in the next 30 days, but if I had a pre-order with them I'd be seriously concerned now if I wasn't already.

[RainMan28]

Now, this is one of those situations where Alpha-T may pull the rabbit out of the hat in the next 30 days, but if I had a pre-order with them I'd be seriously concerned now if I wasn't already.

Oh my gosh, please, can everyone please stop trying to have a prediction on both sides of the fence so that they're never wrong?

You're hurting the actual customers of Alpha-T and the community at large when you are seeing all the evidence of fraud and scam and you're still saying "OH BUT MAYBE THEY WILL STILL COME THROUGH."

They are NOT coming through, they are scammers, and thieves and they have people's money and now they are working on how to avoid prosecution and get away with it.

Stop giving others hope that they may still get what they ordered. The crime has already been committed and people who gave them money are not going to get it back from them.

The only recourse anyone has now is to get law enforcement involved.

[vesperwillow]

Wouldn't you want to follow these folks home to see where the money is going?

VesperWillow, I'm not sure you understand fully what people are dealing with here if you are encouraging people to 'follow these folks home' in an area just a few blocks from Moss Side.

See those steel shutters in the picture of the Alpha-T office ? There is a reason why they are there.

See that video camera on the building next door ? Ditto.

Seriously.

Well I concur that it isn't the most savory and an unprepared individual wouldn't want to follow them home. It's not something which would stop me though, having happily done similar in the past. At the least, they should be scoping this place out and talking to legal advice.

It's unfortunate. Unless these folks are going to mind-blow everyone with complete order fulfillment--despite having not received the majority of the balance.

[coinits]

Fiaz has now removed his photo from his Alpha Technologies forum user avatar...the slow but deliberate decline into anonymity continues.

Buying something before it is invented is a high risk venture. The odds are that it will fail so why are people acting surprised?

They're not, they're acting like they want their money back because they didn't get what they were promised, and that is wrong how?

I doubt many will get their money back. Most of it will have been spent of R & D, putting food on the table, paying bills. Is it a scam? I dunno but it sure is a major fail.