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

[vesperwillow]

Willow, that's a joke right? I don't actually see that anywhere....

It's in the image in my post.. you can't miss it. Look at the image, about 3/4 of the way down. The really wide sentence which goes to the edge of the screenshot.

[spectrem1]

Willow, that's a joke right? I don't actually see that anywhere....

It's in the image in my post.. you can't miss it. Look at the image, about 3/4 of the way down. The really wide sentence which goes to the edge of the screenshot.

I've been looking around for that ad - can't find it posted in their TOP. Can you post the link? Thank you -M

[vesperwillow]

Willow, that's a joke right? I don't actually see that anywhere....

It's in the image in my post.. you can't miss it. Look at the image, about 3/4 of the way down. The really wide sentence which goes to the edge of the screenshot.

I've been looking around for that ad - can't find it posted in their TOP. Can you post the link? Thank you -M

Here is the link, since apparently some folks can't see it popping up: http://s24.postimg.org/f722yxcfp/alphawithpower.jpg

[retro72]

I've been looking around for that ad - can't find it posted in their TOP. Can you post the link? Thank you -M

https://alpha-t.net/product/viper-scrypt-miner-90mhs/

Order Terms: Please review terms and conditions page. Once an order is placed you confirm that you accept the terms and conditions of this order, and are now liable by the rules of the terms and conditions. If at any point you request a refund or refuse end payment your order will be revoked to be resold to other potential buyers.

[spectrem1]

I got it! Unbelievable! If you even ask for a refund, the get to keep your down payment and resell your computer to someone else? To see it advertised like that  - I'm without words! -M

[marco5109]

Conditions of order  

Deposit Payments have open refunds as per the terms highlighted above.

The remaining payment to complete final assembly and shipment, will be required within 8-10 weeks of shipment date. If payment is not made in a set timely manner, we presume you no longer want the item, and will incur a majority penalty fee on your deposit refund and may be forfeited.

this is what stands in the original T&O, and besides that you can always ask for a refund based on the DSR rules

please correct me if i'm wrong.
regards
  

[retro72]

Nothing has changed. There was no word about a business to business contract in their original ToS.

eneloop is right, they have NEVER said anything in their T&Cs about this being a B2B transaction. It is not even in their T&Cs today https://alpha-t.net/terms-order/

This is something they have said retroactively to justify their refund policy. In fact their position has changed over time.

This is what they said on  10/01/2014 when asked about their refund policy:

”In regards to DSR. 7 days after you RECEIVE your product you are entitled to a FULL refund including deposit. This is once final payment is made.
 
That has no relevance with deposits pre final payment and pre shipping. If a customer decides after agreeing to our set agreements to pay the deposit. And then decides they do not want the product or want to pay final payment. They forfeit the deposit and by law we are allowed to take full deposit. But once again as a courtesy we are giving back deposits as well.
 
Please do your due diligence and full research. We have checked and confirmed all our rules via the international regulations.
 
You should contact the DSR and any authorities regarding this case for your self satisfaction.
 
Alpha Technology Team”

No mention of being a business customer there, and they clearly acknowledge their adherence to the DSR, although they dispute it covers “pre final payment” deposits. After this assertion was hammered and proved false they changed their tune on 24/03/2014 and said this:

"You are not classed as a consumer to us. Our devices are sold and are classed for business use, cryptocurrency mining earnings in the UK is classed as income and is taxable, our units are used purely for mining, therefore every customer is classed as a business-user. It is your duty to register as a business and class your mining earnings from our devices to the relevant governing bodies. As we are selling for business use only therefore our terms of conditions are what you have to comply by as you accepted before you ordered."

They have been caught in a blatant lie.  Alpha don't have a legal  leg to stand on.

[GenX]

It's bad enough to worry about scam coins but now scam miner manufactures? Hope you guys get your money back.

[BitCoin Operated Boy]

If AT still has not refunded the 60% you should try to get it back.

I have not been in this thread since I posted pissed off comment in January about them stealing 40% of my refund plus fee. Seeing all the crap here now Im really glad I got my refund before it was too late :-)
Haven't been that lucky with Black Arrow and Hashfast though

God I wish my roommate and I wouldn't have paid for our unit entirely with bitcoin!  Now all I can do is sit back and hope some sort of class action comes out of all this that I can join since I'm broke.  I was warned this pre-order business stuff was risky but I have to admit I wasn't even considering the possibility of not even receiving a unit.  Guess I've learned this lesson the hard way!

You can always send bunch of Eastern European buddies or debt collectors to sort them out :-)

[retro72]

Wow, the Alpha forum is a ghost town https://forum.alpha-t.net/

I noticed a few posts got deleted overnight but without Fiaz, there just isn't the same level of zeal. I suppose he's working on his new catchphrase, instead of "soon" it's "would you like fries with that?"

With only Mubasher Akram working at Alpha, I don't see how they have any hope of surviving until September. If you haven't already done so I suggest you get the ball rolling on recovering your funds. It's probably too late at this point but its worth a try.

I would also suggest that someone drop by their office to see if anyone is even there. It's been posted in this thread that registered mail isn't being delivered and that doesn't bode well. Send a local debt collection company if you cannot find someone, but before you spend any money on solicitors and such you really need to know if there is anyone left to prosecute.

[spectrem1]

It's bad enough to worry about scam coins but now scam miner manufactures? Hope you guys get your money back.

I don't think that anyone that doesn't have a credit card company or bank to wrench back their payment is going to get their money back.
These people are vermin. They are fearlessly laughing in the face of the law.
It is so obvious that this has been nothing more than a conspiracy to defraud. There is no equipment, never was a 5/25 or a 18/90, and never going to be a 50/250. Lies, all lies to separate us from our cash. They know that by the time the law acts they will be bankrupt, funds spent, and long gone. What a bunch of crap! -M
 

[spectrem1]

If AT still has not refunded the 60% you should try to get it back.

I have not been in this thread since I posted pissed off comment in January about them stealing 40% of my refund plus fee. Seeing all the crap here now Im really glad I got my refund before it was too late :-)
Haven't been that lucky with Black Arrow and Hashfast though

God I wish my roommate and I wouldn't have paid for our unit entirely with bitcoin!  Now all I can do is sit back and hope some sort of class action comes out of all this that I can join since I'm broke.  I was warned this pre-order business stuff was risky but I have to admit I wasn't even considering the possibility of not even receiving a unit.  Guess I've learned this lesson the hard way!

You can always send bunch of Eastern European buddies or debt collectors to sort them out :-)

It has worked before. Were you at btc-arbs? That's all I'll say about that. -M 

[Phorna]

I noticed a few posts got deleted overnight but without Fiaz, there just isn't the same level of zeal. I suppose he's working on his new catchphrase, instead of "soon" it's "would you like fries with that?"

So if we have reached that level of abstraction here is a good stand up - a lot of analogies to Alpha-T guys.

https://www.youtube.com/watch?v=hd77eNaKEck

[s1gs3gv]

Considering they have tons of unpaid orders, I'm surprised they're "out of stock". Unless they plan to keep those miners..

I'm surprised you are surprised Vesper. They were never in stock.

[bumface]

i have been offerd a 30% refund after asking for a full refund under the distance selling regulations.....

i am going to decline and tell them to ship my asic to me in september.

[s1gs3gv]

With only Mubasher Akram working at Alpha, I don't see how they have any hope of surviving until September. If you haven't already done so I suggest you get the ball rolling on recovering your funds. It's probably too late at this point but its worth a try.

I would also suggest that someone drop by their office to see if anyone is even there. It's been posted in this thread that registered mail isn't being delivered and that doesn't bode well. Send a local debt collection company if you cannot find someone, but before you spend any money on solicitors and such you really need to know if there is anyone left to prosecute.

Don't forget the esteemed Eric Gunn from Paisley, Glasgow, VP of ASIC development and supply chain management.

[s1gs3gv]

i have been offerd a 30% refund after asking for a full refund under the distance selling regulations.....

Cheeky !

[bumface]

i have been offerd a 30% refund after asking for a full refund under the distance selling regulations.....

Cheeky !

i do not accept a 70% loss on 5450 GBP. i did not fall out of a tree and hit my head this morning

[vesperwillow]

i have been offerd a 30% refund after asking for a full refund under the distance selling regulations.....

Cheeky !

i do not accept a 70% loss on 5450 GBP. i did not fall out of a tree and hit my head this morning

But you're expecting them to ship in september?

Even if they did, it's still going to be a loss. Just tossing out some random numbers here, 250mh @ 200watts @ 0.10$/kwh on litecoin @ 100k difficulty would give you $500 in a month. That's precluding rise in difficulty, and the fact that those power numbers aren't even realistic.

250mh at those specs with TODAY'S difficulty, would get you almost a positive ROI in 45 days. Almost. And that's precluding the rise in difficulty as well.

Unless your angle is to use legal leverage when they don't ship.

Either way, Alpha's window to provide customers with a worthwhile product passed long ago. At this point, if they ship, the best thing anyone can do is mine with it while having it up on ebay for sale to some poor sap.

[anderl]

Nothing has changed. There was no word about a business to business contract in their original ToS.

eneloop is right, they have NEVER said anything in their T&Cs about this being a B2B transaction. It is not even in their T&Cs today https://alpha-t.net/terms-order/

This is something they have said retroactively to justify their refund policy. In fact their position has changed over time.

This is what they said on  10/01/2014 when asked about their refund policy:

”In regards to DSR. 7 days after you RECEIVE your product you are entitled to a FULL refund including deposit. This is once final payment is made.
 
That has no relevance with deposits pre final payment and pre shipping. If a customer decides after agreeing to our set agreements to pay the deposit. And then decides they do not want the product or want to pay final payment. They forfeit the deposit and by law we are allowed to take full deposit. But once again as a courtesy we are giving back deposits as well.
 
Please do your due diligence and full research. We have checked and confirmed all our rules via the international regulations.
 
You should contact the DSR and any authorities regarding this case for your self satisfaction.
 
Alpha Technology Team”

No mention of being a business customer there, and they clearly acknowledge their adherence to the DSR, although they dispute it covers “pre final payment” deposits. After this assertion was hammered and proved false they changed their tune on 24/03/2014 and said this:

"You are not classed as a consumer to us. Our devices are sold and are classed for business use, cryptocurrency mining earnings in the UK is classed as income and is taxable, our units are used purely for mining, therefore every customer is classed as a business-user. It is your duty to register as a business and class your mining earnings from our devices to the relevant governing bodies. As we are selling for business use only therefore our terms of conditions are what you have to comply by as you accepted before you ordered."

They have been caught in a blatant lie.  Alpha don't have a legal  leg to stand on.

Alpha is screwed either way.  If you look at the terms there is no mention of being a b2b tranaction. So you are considered an individual and DSR applies.  Even if by the off chance you can't uphold that in court Alpha violated the contract and it is null and void for what they DID put on their terms.

1. Final payment will be requested 8-10 weeks before ship date.  They made a request for final payment around May 22nd.  So 10 weeks has elapsed and no shipping has started.

2. Payment can be made by PayPal.  If you can't make payment through PayPal for the full payment then they are in violation of the terms there. They did not say credit cards.  They said paypal.  It doesn't matter if PayPal won't work with them they should not have entered that into their terms.  So since they are in breach they have to offer full money back refunds.  They can offer other options but if you don't want the other options and you just want the refund they HAVE TO give it to you.