Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Development

Hello fellow miners, I am a cryptocurrency entrepreneur from Colorado.

I have just contacted them with an investment offer, if they are interested I will be flying there soon and will report back with my findings (and pictures, lots of pictures). I have high hopes for this company and while I think they come off as "scamy" I believe they are genuine at their core.

just make sure you get back to us by the oh...say the 18th or 19th of Feb ...I did a paypal order with them on Jan 5th I think....I and a lot of others paid via paypal ...we or most of us will probably dump our alpha stuff...if we have no video or anything else of note by that point in time (45 day option of no product under paypal rules) I myself paid American Express and have another 15 days after this....I think someone told me master card is even longer

getting to the point they better put up or shut up on some video actual engineers telling us progress stuff like that imho or we all will likely walk with our paypal $$$$

thanks for your services in this in advance

Searing

I don't think it is fair nor do I think you are speaking for "most" people as you put it regarding refunds.
To expect something working 45 days after you put down a deposit, when all they had was a road map and a basic design shown operating in an fpga, is a bit far fetched.
I do look forward to a working prototype (for sure before Alpha Technology asks for the remaining money!) but 45 days from order is a bit much. I'm not sure KNC
even had a working model when they first took orders and they are the GOLD standard. (Not that that matters, but it is worth saying).
We are in a good situation only having put down a reasonable amount of money, when you consider we will need to see a working model before giving the rest.
And again, who showed a working ASIC model so soon? There might be one, but I know many didn't.

IAS

So how is your TA doin? I got my $14 LTC. Did you get any or are you still HODLing?

I honestly bought my LTC at $3, was lucky, just wanted to diversify, wasn't in it to profit, but I did. I got my bitcoin at 150 or so, sold some to pay off my initial investment at 750 and 800 and now I'm sitting on free BTC (so to speak). I'm done trading, the time was just too much. I will use TA to add on dips to pick up fractions of BTC here and there, lol.
So, my TA is, or was doing quite well. Grin

Regarding the KNC comparison, fair enough, but Alpha Tech has, what looks like now, the 2nd Scrypt ASIC to come, or that will come out. Much more difficult as the designs aren't open source (not that all the SHA256 are, but there is a base from which to work. Hopefully Alpha makes it. They are looking legit to me, that is no longer a concern.

Since Gridseed did it, hopefully Alpha can to, but Gridseed is Super expensive, guess we missed the initial entry there. I still could have tried, as I noticed it,
but no "CE" symbol on their chips would have them sent back at German customs to country of origin (if stopped - not a chance worth taking). Rather go the legit route.

Searing, you weren't just saying you "could" return in 45 days you said "most" would. That is what I called you out on. But thanks for the further information, always good to know our rights.

IAS

I want asking about your old stakes ta from a few months back. I stated an opinion on where btc and ltc were going and you attacked it assuming it wasn't backed by ta and your ta showed it is in an uptrend. The long term uptrend was broken and needs to be established again. So as you point out you long term buy and hold (ta?) is working for you but your actual ta did not show you an intermediate trading opportunity. It could be the result of ownership bias. You are invested in the market and that can cloud judgement. You need to clear your mind off the fact you are an existing owner of coins. Create another account to trade with and lock your buy and hold coins in cold storage away from exchange access. If keeps your trading sharp.