Quote from: wilson1973 on July 28, 2014, 03:43:01 PM

Just a coincidence or does Alpha always provide an update on the day that KNC announce more news....

https://www.kncminer.com/news/news-98

Well guys I have a Titan on the way...and only put 30% down on the viper 50mh (supposedly who knows what it will be 5mh probably) anyway in that
I am mining in USA legit (whole nother story on how my bank messed up and I kinda/sorta had to file or not good lets say) anyway I can take off 25%
on equip biz loss (over a few years ..hey I now am happy owner of a virtual miner biz according to IRS) so instead of a loss of approx $685 if I include
the wire xfer fee etc ...I will probably lose in total $450 usd more or less

I point the above out as a 'life lesson' ....in other words.....under the current circumstances even if this time they 'manage' to get chips to work and
it all gets built on time (end of sept 2014 say) ...you have to ask yourself the following:

Do I want to just lose $450 usd (or maybe say $685 for someone not in my situation) more or less or do I want to send the remaining 70% to alpha on the "hope" they suddenly became organized enough to get me out a 50mh unit (for an additional say 1700 bucks more or less) ...so that alone is a 50/50 shot at best it will not further be late and/or
plain ass not work. or they go BFL route "2 more weeks TM" ..and again with NO protection because that last 70% is a wire xfer (I smell a BFL slide for 1 year here by the by)

ok moving beyond the above ..by some miracle they deliver end of sept say

I have already gotten a 400mh Titan (likely) by this point in time from KNC..thus the above 50mh with in a very brief period of time is a door stop .crushed at that point
by this and the VaultMiner that the CEO claims will be 750mh and he WILL BEAT knc to market at all costs even if he has to host your hash before you get his equip
to do so...ie he has 375mh for before what he is driving for now a before sept delivery at $3795.00 usd and 750mh at $6999.95 Q3/beg of Q4 so the below link states

http://www.bringbackroi.com/

his comment on it beating KNC to market etc

http://coinbrief.net/gaw-miners-response-to-knc/

Well .....you could make the case that no way would I get my $1,700 usd back for payment of this last 70% in ROI on the 50mh viper with this coming down the train track likely before alpha ships! They missed the boat on my very best case that they do what they say....(likely they will have other setbacks ...its what alpha does sigh)

The only conclusion in my case looking at the above is by sending them the additional 1700 bucks or so (on top of 685 30% down payment) via wire xfer no less is beyond dumb!

well....I'd likely lose a lot more then $450 in ROI at this point..even under their optimistic timeline

So from my situation..well best case scenario where everyone works as alpha says and we get the units end of September...the fact is they always
said middle of july (no matter what TOS claims) ...they always said the 1st batch of orders they paid extra 20% for rush which from their current
info was a lie.... they ban people for point out these obvious flip/flops.... they cancel paypal and can't get $$ from paypal back at the present time
to use for another half assed attempt to do 2nd batch of chips (my hats off to paypal...paypal may not be able to refund us but the pre-order
$$$ seems to out of their hands till they ship something)....well you guys have read this thread..it is BFL all over again...everything that goes
wrong is the customers risk and just bad luck..heaven forbid we would think it was 'incompetence' on their part...poor alpha

to send 'unsecured $$$" to these clowns now (in my case say $1,700 usd) on their 'new' promise of a product end of September (when they
always said middle of july at latest) for a product where by that time I would lose a lot more in ROI imho then $450 is just tossing more
money down the alpha rat hole

so I will eat my loss ....have a Titan on the way that 'probably' will ship long before alpha gets something out and will rack this up to
experience.....I must admit pretty good scam on alpha's part even amex reps say 30% down via paypal and cc option with a normal
business that actually has legit banking (frigging payza shoulda been my first clue to run) and now only deals with 'cash' virtual or
fiat..well.....live an learn I guess .....

I will also do the other filings of fraud with UK authorities etc as well as will let you know how my amex dispute works out

but at the present time "YOU WOULD HAVE TO BE OUT OF YOUR FRIGGING MIND" to give alpha anymore $$ on promises.....and
unsecured $$$ transfers with no refund recourse....with the above KNC and Gawminer hash rate going to hit likely BEFORE (if?) alpha ships!

by the by the gaw miner links above offer refunds up to 14 days before shipping knc and alpha don't ...so that also should tell you
something on choices you have at this point in time other then alpha!

I myself feel alpha likely will have 'just enough' money to make a few units with whatever batch size of chips they manage
to cobble together and then go bankrupt...I can't see a lot of folk paying the last 70% ..thus they will go bankrupt but be
able to show 'some product' bought (like hashfast ie chips) even if not equip made..and thus make the powers that be
see it was a true 'bankruptcy' rather then a scam from the get go...they are simply setting the corp up to take the fall imho

anyway $450 bucks out on all this I should really consider myself lucky...I almost got the 90mh or whatever they claim it is now

naw I will try to get my $$ back in some manner....successful or not ..will run that option till the end
if I lose the $450 so be it...but at this point in time with alpha's treatment of customers and just plain incompetence as a mnfg
company....you should take your loss and run like hell..by all means no one at this point in time should send them "MORE money

live an learn

Searing

Quote from: bumface on July 28, 2014, 09:23:43 PM

you ordered a product that would be shipped in q3, that has not passed. now live with it and stop whining.if you dont want this, then dont put money in a pre order product. you made a choice ,now deal with the consequentes like an adult. all this whining makes me more tired then alphas flaws

and how much $$$ do you have as a pre-order to alpha? just curious

me only 685 usd (which i can deduct as legal miner in usa) so will be down eventually approx $450 usd

by the way you forgot that they offered NO cc way of payment (although stalled and promised) for my 5 months they claim so I could no
longer refund...strung us along till the 5 months went by ..doing that trick ...thus they could keep the 30% down..as soon as most of
us were 5 months past suddenly they can take cc again (for a week) then again shut down when legit amex questions came to pass
on refunds....)

so actually good this happened in my case I would have still been under the illusion that my amex cc protection would have
applied to that last 70% ...the stall on cc actually *lost them* $$$ in my case because most of us was waiting for what
we 'thought" was a more secure method of payment via cc option

I've also pointed out in previous posts amex thought this was a pretty slick scam because I should be protected
but the alpha biz now only takes cash in the form of virtual cash or wire xfer ...so they are befuddled

so anyway alpha in no way is 'normal' in its method of product purchase (cancellation of paypal cc option) nor in how they
collected the last of the funds or want to (wire xfer only even after promises of cc option)

so again ..the cc option thread was to mislead most alpha customers till the 5 months expired

so whatever their TOS says ..the "intent" is to scam.which with the amount of evidence should be fairly easy to prove
at this point with a class action imho

but again how much $$$/skin do you have in alpha?

Searing