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

[allcoinminer]

They says performance is improved and is the chips are more efficient than any other company in their recent update.
Every company says this. Any information about any updated hash power?

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[hallo_frosch]

I agree, but the burden of proof, that they actually used the miners is up to you.

Have a look at there last Update and take a close look to the Picture of the "new" Viper Board.
It seems heavily used over the last few Months.

[allcoinminer]

I agree, but the burden of proof, that they actually used the miners is up to you.

Have a look at there last Update and take a close look to the Picture of the "new" Viper Board.
It seems heavily used over the last few Months.

No chance for a mass pre-mine at this situation.
May be that unit is under the test bed since the last month or may be one they made for demo.

[URSAY]

[URSAY]

You can see where they've tested some sort of tape on the table, potentially to stabilize the unit.  Such Q&A.  Things are moving quickly.  

[Odeyin]

at 10 boards/unit with 12 chips per board at 1.5Mh/s per chip. You will get about 180MH/s You will need at least 3-5 Power supplies depending on your configuration to run this thing with 10 PCI-E 6pin power ports.  and if you look at the Right side of the board shown it is not "Pristine" it is burned at at the test points. (if you look closely you will see the discoloration.)

[hallo_frosch]

I mean this Picture:



take a close look to the right side of the Board and specifically to the Point were the Power Connector should be.
This is used Board, used for a really long time.

[Mick666]

 Re: "Final batch 1 update coming soon"
« Reply #8 on: Today at 12:12:23 PM »
We just wanted to clarify that while we are pushing for shipping to occur mid-December please bare in mind we are relying on external parties at this point so if any unexpected delays arise during the final processes it would be outside of our control just so you don't think we were being misleading when we spoke of this date. Whilst we are doing our best to push for this date as fast as possible with them we have learned not to make any guarantees; it is just the date we anticipate.

[Mick666]

I have in my Money Claim
English postal address indicated ..
here is the result


Defence
We have not done any business with Michael Bernhard at the address
provided. Michael Bernhard should provide a correct address to the
court if they wish to make a claim, as this claim is invalid we
cannot identify the provided address as an address we have
conducted any business with.
 
Signed
I am the Defendant - I believe that the facts stated in this form are true
M.Akram
Managing Director
18/11/2014

[s1gs3gv]

Link to news update: https://alpha-t.net/news/developmental-update-18112014/

No LCD, No Wi-Fi. They claim to be the most efficient, "running at 1.5mh per chip", but don't post up power consumption. They appear to have a functional physical product, and are already talking about selling chips in bulk. They're not talking about Batch 2.

They're still working on building these out. If I had to guess, I'd say they might begin shipping in December, but don't be shocked if it's January 2015.

Oh, the best part? They say they're giving out refunds to those who ask. I suggest you all take photos of his words before they change.

1.5mh * 12/board * 10 boards == 180mh/s

Burnt test board (probably from trying to OC to get to 250mh/s), paint chipping off a butt ugly cheap case, maybe mid-December maybe (NOT), LTC < $4 USD, LTC diff @ 44.8K, amateur product photos on 2nd hand dirty table somewhere in the Punjab, very encouraging. And as a bonus they are going to sell chips in bulk and all their new business partners (Viper customers) are going to get rich quick.

Rest Assured

[s1gs3gv]

I have in my Money Claim
English postal address indicated ..
here is the result


Defence
We have not done any business with Michael Bernhard at the address
provided. Michael Bernhard should provide a correct address to the
court if they wish to make a claim, as this claim is invalid we
cannot identify the provided address as an address we have
conducted any business with.
 
Signed
I am the Defendant - I believe that the facts stated in this form are true
M.Akram
Managing Director
18/11/2014

Expect nothing less from the snakes ...

[vesperwillow]

Should've included an order number, as has been encouraged. Always include order/reference numbers, and if possible, any sort of electronic transcript/receipt.

At the end of December, their next excuse will be.. who knows. But it will be an excuse, not a product.

[retro72]

I have in my Money Claim
English postal address indicated ..
here is the result


Defence
We have not done any business with Michael Bernhard at the address
provided. Michael Bernhard should provide a correct address to the
court if they wish to make a claim, as this claim is invalid we
cannot identify the provided address as an address we have
conducted any business with.
 
Signed
I am the Defendant - I believe that the facts stated in this form are true
M.Akram
Managing Director
18/11/2014

That's a joke. A receipt will quickly torpedo that defence. Alpha must be desperate if they think that will work. What a complete bunch of idiots.

[Mick666]

I have in my Money Claim
English postal address indicated ..
here is the result


Defence
We have not done any business with Michael Bernhard at the address
provided. Michael Bernhard should provide a correct address to the
court if they wish to make a claim, as this claim is invalid we
cannot identify the provided address as an address we have
conducted any business with.
 
Signed
I am the Defendant - I believe that the facts stated in this form are true
M.Akram
Managing Director
18/11/2014

not only a receipt I am Alpha 8 Nov.
by mail sent my English service address

That's a joke. A receipt will quickly torpedo that defence. Alpha must be desperate if they think that will work. What a complete bunch of idiots.

[BodgerandBasher]

http://cryptomining-blog.com/3848-finally-a-new-update-from-alpha-technology/

Interesting review:

This Time Alpha Technology says soon, but how soon exactly and how many people are actually let that did not request to get a refund. Even if they do manage to ship any hardware anytime soon or at all we won’t be surprised to see the situation with KNC’s Titan miners repeating. Meanwhile there is already a dedicated website called Fight Alpha Technology Scam that is a forum dedicated to helping with useful information and advice people that want to get their money back from Alpha-T.

I do love the

Viper / Re: "Final batch 1 update coming soon"

« Last post by Alpha Technology on Today at 12:12:23 PM »
We just wanted to clarify that while we are pushing for shipping to occur mid-December please bare in mind we are relying on external parties at this point so if any unexpected delays arise during the final processes it would be outside of our control just so you don't think we were being misleading when we spoke of this date. Whilst we are doing our best to push for this date as fast as possible with them we have learned not to make any guarantees; it is just the date we anticipate.

Alpha are getting their excuses in early.

Don't be surprised if delivery is delayed, as their couriers bumped into a old man, with a big white beard, on a sleigh with reindeer

[vesperwillow]

Keep in mind what they said months ago, back in June (and is still in their T&C), if you ask for a refund at all, your order (when it is ready to be shipped) will be re-sold. Add to this the fact that many folks have not paid in full. What happens if they are ready to ship?

Picture a scenario where they  only accept bank transfer or bitcoin for full payment. Until they have money fulfilling orders, they will most likely mine with the gear. They may even re-sell the equipment at full cost, as they have said this as well.

They won't be losing money on the situation. This was a  very well-planned setup from the beginning. Businesses always protect their interest.

[retro72]

They won't be losing money on the situation. This was a  very well-planned setup from the beginning. Businesses always protect their interest.

I think you're giving them too much credit. They are a bunch of buffoons. Have been from the start. I doubt they'll get a working miner out the door any time soon. I think their gameplan is to try to sell chips in bulk to whoever will take them off their hands, then wind up the company as quickly as possible before they are litigated out of existence.

Lets face it, who in their right mind is going to pay Alpha anything but pennies on the dollar for their chips when they know the barrel they are bent over. They may scrape enough money and chips to set up a farm of their own but they are pretty much finished as a company in their current form. There is no way they can sell that ghetto engineered piece of junk for anything near $10000 so forget getting any new customers, their reputation is pretty much in tatters now anyway. They are in complete damage control melt down at the moment. Hanging on by their fingernails.

[FollowMe]

I have in my Money Claim
English postal address indicated ..
here is the result


Defence
We have not done any business with Michael Bernhard at the address
provided. Michael Bernhard should provide a correct address to the
court if they wish to make a claim, as this claim is invalid we
cannot identify the provided address as an address we have
conducted any business with.
 
Signed
I am the Defendant - I believe that the facts stated in this form are true
M.Akram
Managing Director
18/11/2014

You have provided them your home addresse during Vipershit order. If you provide another address in MCOL, AT can tell that you are unknown (your service address isnt registred in their database).

[vesperwillow]

Lets face it, who in their right mind is going to pay Alpha anything but pennies on the dollar for their chips when they know the barrel they are bent over. They may scrape enough money and chips to set up a farm of their own but they are pretty much finished as a company in their current form. There is no way they can sell that ghetto engineered piece of junk for anything near $10000 so forget getting any new customers, their reputation is pretty much in tatters now anyway. They are in complete damage control melt down at the moment. Hanging on by their fingernails.

I don't believe they're worried about receiving final payment or selling the gear off at all, which is part of what's leading my to my conclusion. Particularly considering it's all paid for already.

If their overhead costs are anything near KNC's costs (KNC's overhead per unit is roughly 25% for startup, 15% for batches 2+), and I'll presume AT's to be higher (20-30%) due to outsourcing and lower volume, the partial-deposit paid for everything in full for the first batch.

When that tanked, they took some more money from folks as well as a couple million from an 'angel investor'. This secondary backer was most likely promised the entire inventory of non-paid orders, as collateral. Keep in mind he essentially paid for their ASIC to be unlocked from tapeout prison, and this money likely went from the investor directly to the tapeout company--AT didn't need to touch the money and you won't see it on books.

This also relieves AT from any debt, and allows them footing for a batch 2 (if they were to pursue one). This method, which I've seen in the business world, provides them with full solvency, a way to make profit, and a way out, with $0 risk to themselves. Clues to their doing this with the investor are very clear in the T&C--for anyone asking for a refund, your order will be forfeit.

This way, whether they receive fully-paid invoices when the time comes, or if the gear ends up in the pits, they are out nothing, and their obligation with the investor has been fulfilled. They may not have banked on increasing costs for a legal fund, but everything else I believe they have covered from what I can infer and calculate.

Meanwhile, they could mine on the gear until it is claimed, and if their tax system is anything like ours, they can write these off as business losses just like we can in the US, for tax credit. These people are accountants, their family has been in business for like 40 years with numerous financial and venture operations, as well as multi-million dollar trusts.

Trust me, they're not dumb. This isn't their first rodeo, it's just their first digital rodeo.

Remember, accountants are paid to risk other people's money. Not theirs.

[Mick666]

I have a week before I filed the claim,has been sent to Alpha Payments-- my service address within the UK   

Mubahh lying further