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

[zinner27]

I am wondering if the Flower Technologies / Ensilica (UK ASIC design firm) delay is related to the Alpha-T  delays ?
If Alpha-T were counting on using the Ensilica device as a fallback after Dexcel issues, then it could be February before they ship …

You can read about that drama in the August update here: https://www.flowertechnology.com

TL;DR Flower didn't raise enough money thru pre-orders to completely fund Ensilica to do the asic development.

Wow.... Delivery in February.... People must be furious...

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[Searing]

start of quote:

I am wondering if the Flower Technologies / Ensilica (UK ASIC design firm) delay is related to the Alpha-T  delays ?
If Alpha-T were counting on using the Ensilica device as a fallback after Dexcel issues, then it could be February before they ship …

You can read about that drama in the August update here: https://www.flowertechnology.com

TL;DR Flower didn't raise enough money thru pre-orders to completely fund Ensilica to do the asic development.

Wow.... Delivery in February.... People must be furious..

end of quote

Must admit...their BS does seem more polished...and smells better ..but the result is the same NO REFUNDS but your asic
arriving in OCT  that is

the mind boggles... me thinks only baby miners from now on..'in stock' (or as in stock get to me as best as someone like bitmain ever manages)

www.coinbase.com looks so much better with 500 (and going down) BTC price.....

ugly out there

also side note I guess KNC is delaying refunds even longer in BTC now that price has tanked....who did not see that coming

Searing

(p.s. sorry about the ugly quoting but I think I have some kinda ban on here ..I can post but can't quote nor does this thread come up in my
new msgs like my other posts anymore..anyone know about this let me know ..jeez..it is like I'm secretly shunned or something or hell its just broke)

[grache]

I've been reading this thread on and off for months.

It's interesting to see how things have evolved, and with hindsight we can see who was an Alpha shill: https://bitcointalk.org/index.php?action=profile;u=215568 (active for 2 days, almost every post about Alpha and praising them - even a thread reminding people the pre-order was closing! haha)

It seems like most people here think it's black and white, either Alpha was scamming the entire time, or that they'll still deliver and it was 3rd parties who've caused the delays.

I think there's a broader range of possibilities, the most optimistic being that Alpha thought that maybe they could pull it off, but even if they didn't they would still get lots of cash because of pre-orders, or the other end being that it was a scam they orchestrated from the beginning (less likely).

Consider this, KnC miners is made up of a bunch of engineers, and their website links to their linkedins: https://www.kncminer.com/pages/aboutus

Alpha was made up of accountants, who would get other people to do the engineering.

This is important, because accountants know how to make sure they will make money even if they don't deliver. By saying that miners are business partners and making the pre-orders difficult to refund. I believe they had this plan from the beginning.

Getting in the cryptocurrency miner game is a bent accountants wet dream - greed from miners mean they'll happily send money for a pre-order, several months waiting for manufacture to be expected, etc.

So I think the most likely scenario is they hoped they could create a miner and make money as a legitimate business; this way they could make more money, using their reputation to sell new products in the future. If it was a scam the entire time they would have never bother investing in any chip production (although I'm not sure there's proof they have). But if things turned out how they have they'd still make a small fortune.

[bumface]

great, now im screwed out of 14000 dollar on alpha and flowertech. thank you guys, really splendid. that was all i had. i should be hashing by now, and i just bought some pipedream. investments lost, refunds refused. really nice going. you really messed up my life.

withouth the proper return i should have had by now, i was forced to launch my crowdfunding campaign without a 3d model, and without proper marketing. and now my 2 year effort is turning into shit , the campaign is on 61 euro after a week, thanx for messing up my life!

[s1gs3gv]

Sorry to hear that bumface. At least Flowertech mans up to their problems. Alpha-T just weasels around …

Wonder what Fibonacci is up to these days … hmm … doesn't look good …

https://litecointalk.org/index.php?topic=21506.msg198342#msg198342
https://bitcointalk.org/index.php?topic=368468.0

TL;DR No ASICS, accusations against project leaders

[gushes]

great, now im screwed out of 14000 dollar on alpha and flowertech. thank you guys, really splendid. that was all i had. i should be hashing by now, and i just bought some pipedream. investments lost, refunds refused. really nice going. you really messed up my life.

withouth the proper return i should have had by now, i was forced to launch my crowdfunding campaign without a 3d model, and without proper marketing. and now my 2 year effort is turning into shit , the campaign is on 61 euro after a week, thanx for messing up my life!

There's an old say "Never invest more than you can afford to lose".  All pre-orders miners are extremely risky investments.  Probably one of the most risky investments there is.

[vesperwillow]

Crypto hardware is really a game for folks who can make high-tech IC's hit doors quickly. By default, this lead goes to our Asian friends, and it's no wonder the chinese companies have been the ones shipping the fastest and in greatest volume, and it all started back in the Bitcoin ASIC days. Now you have GAW for the Scrypt stuff.

Since then, the Swedes (KNC) have been the only group to also knock it out of the park, and this is likely because they're the only group of focused individuals with the right skillsets and experience to make it happen, and now they're branching into Scrypt and other stuff.

Ever since then you've had places popping up trying to get in on it, because we all know the folks selling the shovels will always make more than the folks digging for gold. It's really simple analysis and math. I've always only invested in the Chinese and KNC gear for this reason.

Absolutely sucks for folks who've lost out on ventures like this, and others, and this is why I try to wave flags and help people pull their money out before it's too late.

As to Flower tech, weren't they originally in bed with the Alpha tech folks? I coulda swore I remember them talking amongst themselves well over a year ago, about a partnership.

[edgar]

Will they even get to batch 1? =) hehehe

Well....My worst investment ever...

This may have started as an investment but it turned out to be a mugging. There are no Vipers, no batches, never were. A lot of people here blame themselves for losing their money. You didn't lose it, it was stolen and that is not the same thing as losing money in an investment. I know this because I have had loser investments in solar water heaters, cattle, bull semen, airlines, etc. etc. you name it. Alpha Technology is nothing more that an ongoing conspiracy to defraud. They are still asking for payment for products that do not exist.
And while I'm on the soapbox this morning (Can't farm, waiting for rain to stop) I have to ask of this community - Who is selling their Alpha gear, gear that is known to not exist, on eBay?
Maybe it's Alpha? I would not put it past them to do something underhanded.
My money is very hard earned and I stand to lose a bunch but I can not imagine selling my misery to an unsuspecting buyer to ease my own loss. Legally I will try everything possible to get my money back from Alpha but if all else fails I guess I'll have to take the hit. - M


  

sadly, we are surrounded by human vermin who take sick pleasure in fucking strangers over and then blaming them for being so stupid as to believe blatant lies...

some of them deserve it for doing the same/similar thing previously...

but they fail to acknowledge any culpability due to their aforementioned sickness

[Zeta0S]

great, now im screwed out of 14000 dollar on alpha and flowertech. thank you guys, really splendid. that was all i had. i should be hashing by now, and i just bought some pipedream. investments lost, refunds refused. really nice going. you really messed up my life.

withouth the proper return i should have had by now, i was forced to launch my crowdfunding campaign without a 3d model, and without proper marketing. and now my 2 year effort is turning into shit , the campaign is on 61 euro after a week, thanx for messing up my life!

I feel really bad for you, but i have one tip DO NOT put all your savings in investment my friend.

[Zeta0S]

PLEASE READ!

BIG NEWS FOR MINERS: https://forum.alpha-t.net/index.php?topic=890.0

Greeting Miners! We can now be found on our own official forums here forum.alpha-t.net; this forum will allow members of the Alpha Technology team to interact with the community directly under one roof. Please note as a result of this some things on this forum may now be unreliable/outdated.

Visit our website for up to date information: alpha-t.net/news and to check out our latest miners: alpha-t.net/shop

The Basics:

We are aiming to reduce the power as much as possible so there is every chance it will be significantly lower, in any case this is the maximum we guarantee:

>=250 Mh/s for £5450 at <=1875 Watts
>=50 Mh/s for £1350 at <=375 Watts

Shipping Information: alpha-t.net/wp-content/uploads/2014/03/Shipping-Costs1.pdf

Batch 1 Loyalty Bonuses:

Here are the benefits we offer for ordering now and being a batch 1 customer:

1. Being able to order first as well as free shipping for batch 2
2. 10% off any future batch of your choice (subsequent batches will be significantly more powerful)

So order now and be a part of batch 1!

Information

Website: alpha-t.net
General Enquiries & Support: info@alpha-t.net
Orders & Payments: payments@alpha-t.net
Twitter: @UKAlpha
Forum: forum.alpha-t.net

Alpha Technology is a technology firm based in the UK, located in Manchester, comprising of a team of experienced IT and engineering specialists. Bringing together our expertise and that of our partners, we work towards providing hardware which is durable, powerful and cost-efficient to the crypto-hardware market.

Are you terrorists?
Have you read what edgar just wrote?

[zinner27]

sadly, we are surrounded by human vermin who take sick pleasure in fucking strangers over and then blaming them for being so stupid as to believe blatant lies...

some of them deserve it for doing the same/similar thing previously...

but they fail to acknowledge any culpability due to their aforementioned sickness

Well, we are people and people make misstakes and bad judjments.

[edgar]

sadly, we are surrounded by human vermin who take sick pleasure in fucking strangers over and then blaming them for being so stupid as to believe blatant lies...

some of them deserve it for doing the same/similar thing previously...

but they fail to acknowledge any culpability due to their aforementioned sickness

Well, we are people and people make misstakes and bad judjments.

this is true, and we forgive those that make mistakes/bad judgements IF they learn from them.

serial mistakes arent mistakes, theyre something much darker and deserve no forgiveness.

and some people are just cunts

[s1gs3gv]

As to Flower tech, weren't they originally in bed with the Alpha tech folks? I coulda swore I remember them talking amongst themselves well over a year ago, about a partnership.

This is some speculation that GAW were relying on Ensilica / Flowertech for the technology in the Vault Breaker too.
And some conjecture that the new (virtual) Hashlet/Cloud introduction was a response quickly thrown together after it because clear that Ensilica wasn't going to deliver on time, as a way of meeting obligations to provide hosted VB hash before KNC ships the Titan.
Anyone following this story is, of course, now asking themselves how come none of the Zen hash is actually appearing on any of the pools zen supports … ( https://bitcointalk.org/index.php?topic=720322.msg8373385#msg8373385 )

All good rumors … nothing more, nothing less

[bumface]

people need to stop acusing customers of being greedy. Yes we wanted to earn profit, but do you go to your job for fun or to get payd?

I spread my bets on 2 different companys and now they are both screwing me, that has nothing to do with greed. I orderd products based on what was promised. All this captain hindsight talk is bullshit. I was not greedy when i wanted asic to provide for the UTC community. this was noble, so save me the nonsense

[grache]

people need to stop acusing customers of being greedy. Yes we wanted to earn profit, but do you go to your job for fun or to get payd?

I spread my bets on 2 different companys and now they are both screwing me, that has nothing to do with greed. I orderd products based on what was promised. All this captain hindsight talk is bullshit. I was not greedy when i wanted asic to provide for the UTC community. this was noble, so save me the nonsense

Captain hindsight, maybe that's a moniker that fits. But trying to figure out Alpha's motivations seems more productive than bitching and moaning about the money you lost.

You used the word bet, granted in an expression, but that's really what you were doing: gambling. If one wants to gamble they're much better off, objectively, playing a game like blackjack or betting red/black on roulette as the odds approach 1/2. However many people still play the lottery, the odds are much worse, so why do they play? Greed, the fantasy of hitting the big jackpot makes them forget about everything objective.

It's the same thing with Alpha and these miners. You got on the pre-order, sending your money months in advance to a company who since day one gave much doubt over their legitimacy. You and the others did this knowing that there existed the possibility of never seeing your money again, but hoping that you'd get a miner that'd make more than you'd invested. Now you have the cheek to say it wasn't greed that forced you to gamble all your savings? If you thought this was a good idea at the time, and continue to defend your decision, then if it wasn't for Alpha, you'd have squandered the money away sooner than later - a fool and his money are soon separated.

All this promise talk is bullshit. The only real promises Alpha gave were that they wouldn't refund your money after a certain point, they never addressed what would happen if they didn't deliver or what you'd get in compensation if they delivered late. And many people asked when Fiaz started posting on this thread and he never answered. So save this poor victim talk, blame your greed which made you gloss over what was actually promised.

The cryptocurrency community at this point is almost entirely driven by greed. It is no longer about innovation, providing an alternative to traditional financial instruments or anything else noble. You say you're going to support the UTC community, why? Because you've got UTC and you want the value to increase? That's why people hype scam coins (the majority of the time anyway), not because of community, or the coin's innovations (new logo in most cases is the only innovation) or wider acceptance of cryptos, but because they want the value to increase so they can profit - that is greed.

Instead of automatically coming back to attack me / bitching about how bad your luck is, why not contemplate what I've said, the actions that have led you here, and try to understand how you can prevent something similar from happening in the future.

[s1gs3gv]

people need to stop acusing customers of being greedy.

+1

[pw4x3r]

Instead of automatically coming back to attack me / bitching about how bad your luck is, why not contemplate what I've said, the actions that have led you here, and try to understand how you can prevent something similar from happening in the future.

bla bla TLDR

No one agreed to no refunds after a certain point. We agreed to 50% refunds for cancelling between 3-5 months. Absolutely nothing about cancelling afterwards (now) and not receiving a full refund.

How can we prevent this from happening in the future... Make sure we are successful in suing this company and tearing every dollar away from them so that other mother fuckers learn the lesson and do not steal our money?

I smell fanboy all over your face

[grache]

Instead of automatically coming back to attack me / bitching about how bad your luck is, why not contemplate what I've said, the actions that have led you here, and try to understand how you can prevent something similar from happening in the future.

bla bla TLDR

No one agreed to no refunds after a certain point. We agreed to 50% refunds for cancelling between 3-5 months. Absolutely nothing about cancelling afterwards (now) and not receiving a full refund.

How can we prevent this from happening in the future... Make sure we are successful in suing this company and tearing every dollar away from them so that other mother fuckers learn the lesson and do not steal our money?

I smell fanboy all over your face

Yea, no shock you lost your money. Going to invest thousands on a product, but TLDR.

TLDR early on this samepage I said at best even if Alpha even had any intentions to make a miner they were still planning to profit if they failed, and in this same damn post I accused Alpha of being shady. If you can't tell that I'm not a fanboy no wonder you can't spot a bad investment.

TLDR oops that previous paragraph is probably too long for you.

TLDR people like you who don't do due diligence will soon be separated from your money.

[grache]

Just to make sure that it's clear, I'm not laughing at those who lost their money. I don't revel in the misery of anyone who has been scammed, and I hope they get justice.

My comments were for those who continue to defend their poor choices, instead of choosing to learn from them.

I got into cryptos first because of interest in the protocol and social implications and second to see if I could make a little money. I was displeased that the community was almost entirely comprised of redditors with a get-rich quick mentality. Very few seem interested in innovation or changing the financial industry, which is why Bitcoin was created.

The community along with razor thin profits pushed me away, I've sold all my mining hardware and got back my original investment. I have a few bitcoin in cold storage, but barring that I'm out, and this will be my last post here.

Understand that for the same reason that I've left that scams will continue to happen. Who's a better mark than a group of people who don't care about / understand the underlying technologies and are filled with avarice?

[oox]

Bye. You say money was the third reason you got into crypto but the social implications still apply and yet you have sold up your mining hardware, a few old GPU's it seems, so that you got out with a profit. That says more that you got into it primarily to make as much money as you could and when it never turned out to be as good as expected you got out regardless of social implications or other reasons that supposedly got you into it.

Saying others had a get rich quick mentality yet you flocked with them. That was your interest as well, most displeasing. Putting your efforts solely into obvious scam coins to try and make as much as possible instead of making existing coin networks stronger.

People are trying to claim money back and are taking legal action and your several large comments, on this page alone, help nothing. People love to spread FUD so folks with GPU farms don't want ASIC to come along and wipe out their profits. Because a few people said something, means nothing.

For someone who has done nothing you speak with great authority! I didn't see you saying anything before they brought out pre orders, so why you feel the need to pipe in now it has gone badly is bad form. Glad you've hung up your soap box as well as your couple of old extra GPU's as like you say there are very few who seem interested in innovation or change. I understand

I got into cryptos first because of interest in the protocol and social implications and second to see if I could make a little money. I was displeased that the community was almost entirely comprised of redditors with a get-rich quick mentality. Very few seem interested in innovation or changing the financial industry, which is why Bitcoin was created.

The community along with razor thin profits pushed me away, I've sold all my mining hardware and got back my original investment. I have a few bitcoin in cold storage, but barring that I'm out, and this will be my last post here.

Understand that for the same reason that I've left that scams will continue to happen. Who's a better mark than a group of people who don't care about / understand the underlying technologies and are filled with avarice?