they are hardly unforseen, every one and their seeing eye Dog can tell there are gonna be issues, mainly that they don't do what they say they will amongst others

I am pretty sure I dumped 3.1 ( ish) mil in there at some point, if that is the case, then I have no objections in it moving to bounties, and if you are short, shout me and I'll throw a few more at you

Cheers mate, got worried when I fired up the PC and only found 600k FUNK, fogot I had stashed 140 Mil of them on the MacBook, lol, all synced and looking good now

Been a while since I've been around, thread is uber long now, seen people talking about merging or parrallelling the coin, what does it all mean? I have a bunch of old FUNK I mined some time back, is it all dead now?

Nice one

Did you pay through your cc via paypal though?

If that's the case, looks like he got a bum deal :p

Wonder who will be responding to comments on the forum now then? No one?

New Announcement is up:-

Here it is for all to see...



Greetings Batch 1 Customers!

Like all of you, we are not satisfied with the delay and have decided to do something about it. We refuse to allow the investments of batch 1 customers to be anything other than a success. We want to reward you for putting your faith in us, especially considering batch 1 hasn’t turned out how we all hoped it would turn out last year when we started. We want to rectify this situation, as well as learn from batch 1 going forward. It should be noted that this delay was out of our control, and we were only able to provide an update to customers after we had received feedback from third parties. After obtaining this information, we were able to give a definitive statement as to the extent of the delay. The issues causing the delay did not occur overnight; they were a series of events that we tried to resolve and had to investigate first. Only after we were sure of the impact on delivery did we release an announcement (We had to be 100% certain as this was news that will negatively impact us as a company). In light of these events, we as a company saw 2 possible roads here, where we can leave things as they were, with unhappy customers, or go out of our way to truly appreciate the fact that we were able to start because you put your faith in us. As such, we have decided to fully commit to our original commitment of transparency, an ethical open approach and your ROI. With this in mind we have also decided to un-ban everybody who was ever banned from the forum, and apologize if you felt it was unjust. We can now put all of this negativity behind us and move forward together.

We are well aware that our customers are worried that some competitor companies will be releasing devices around the same time as us, and they may struggle to achieve ROI. In order to overcome this worry and provide the customers reassurance that we are in fact an ethical company and are genuinely striving towards serving our customers, we are proposing to give up a 30% stake in the company to our entire batch 1 customer base. Our proposition is that you will receive the miner as well as a shareholding in the company (depending on your order). This is still being worked out, so you can expect more details very soon. Also, please note that our Mh/s to power ratio for batch 1 is still one of, if not the, best on the market and many of our competitors are still yet to ship or even announce shipping dates. So this would mean that as long as Alpha Technology is making money, batch 1 customers are making money. Bear in mind that we are talking about turnovers in the millions for our company; hence you are truly being rewarded for your investment and faith in our company. This should go without saying but just to be clear, please note that only customers who have paid their orders in full will receive this offer; any unfulfilled orders will be cancelled and subject to our cancellation policy as highlighted in our terms of order (which we have been completely open with since the start of this endeavour).

This is a course that many want and have been calling for with these types of projects. Not just with ASIC companies taking pre-orders, but it can even be seen in other industries with the advent of Kickstarter and similar projects. A great example of how it should not be done being Facebook buying Oculus for $2 Billion and those original backers naturally not receiving a dime of that money. Many have called for this fair approach and yet companies don’t answer simply because they don’t have to. People fund them regardless, as has been the case with us, and yet here we are offering this to you in order to prove our commitment to you. Most companies would have taken, and unfortunately have, taken the other road. We’ve seen and spoken to people in the Bitcoin market whose companies started just like ours: obtaining their investments from first batches, but contrary to us would then proceed with becoming rich enough to simply mine themselves, while not caring about the people who got them started in the first place; only for dominating the market alone. What this shareholding effectively does, is make our customers an integral part of Alpha Technology by being partial owners of the company. This ensures that, no matter what happens, all of our batch 1 customers WILL get ROI one way or another as long as we are in business as you will have full right over issues of dividends forever. Considering how we have survived and thrived, despite the madness that has been batch 1, the odds are very much on our side, most would have broken under this pressure and looking for their first way out and yet here we are as such rest assured we plan to be in this business for the long term. You will also of course be given your say in decisions made by our company, by way of discussions and votes on our forum. We will in fact be having a vote on our forum very soon in regards to this issue, to see if most of you feel the same way as we do: and whether or not you are happy to proceed with this. We will email you the timeframe at which the vote will take place, and link to the vote very soon. If it is positive, we will put this proposition into practice and commence with all the legal paperwork. This proposition is something no other company in the crypto-currency industry has ever done before, despite past and present problems and complaints with delays in their projects. We want to overcome this and give our customers something back for their faith and patience.

Under the current circumstances, this is the best solution for all. If we were to increase hashrates further: it would push back shipping from September, and everyone will complain again asking for increased hash rates for this first batch, and as a consequence: this cycle would continue as we would have to redesign the miners over and over again, which wouldn't help anyone. Not to mention that it would be an exhaustive, inefficient and unrealistic waste of funds. We have done all we can and more than we needed to for batch 1 and we hope this does not go unnoticed by you. The same can be said for a discount; we’re sharing but, and sorry if this is too candid, we’re not stupid. Also, if we were to offer cloud hashing to customers, it would take a tremendous amount of time and effort to set up and have it running efficiently. On top of that, the hashing would only be temporary until it was not viable anymore; and we sincerely doubt you would be pleased with that. Cloud hashing is being explored, but not given any priority at this time. Another suggestion from customers was to ship extra miners for free from cancelled orders, this also is not viable as there wouldn't be enough miners to give everyone the extra miner. There will however be cancelled orders, and one possibility with this proposition is to set up our own mining operation immediately after shipment. Of course you will receive profits from this, proportioned to your share with the company, or we may simply just sell the miners. In any case: we will discuss all of this with you and you will profit either way.

We have secured key contacts in this industry, and hold a big advantage over any other crypto-currency company out there; this is a fact. In the near future alone, our batch 2 miners will be something special. They will be highly profitable and (bearing in mind all that we have learned through this process) we can’t see how they will not simply be the best on the market thanks to an engineering advantage which would be foolish for us to share right now, but you will know in due course. We also have very ambitious and extensive plans for the future of our company, but we also want to listen to all of your ideas and thoughts so that we can use your input as well and work together on this in order to, hopefully, be on the cutting edge of the crypto-currency industry. We are giving you the opportunity to take that slice of the pie which you duly deserve, as you (and a little bit of us) are the reason Alpha Technology made it this far. We are currently in conversations with our legal team and accountants, and will be drafting up the proposal in detail and send out the relevant paperwork to the customers. With this proposition we hope we have demonstrated to you that you are highly valued customers and that we are truly in this market for the long term. We genuinely care about our customers and we want to actively help you not only making money from this industry but also, hopefully, contribute to it. We will of course disclose key information and documents to you with regards to our company in due course; the capacity and method of this is still to be determined, as we obviously cannot rush this due to its sensitive nature.

We are now all moving forward together and we are sorry but it must be said that constantly and unconstructively criticizing or trying to undermine us will only hurt yourself. Instead, we must be constructive and collaborative, as you and your funds are in this with us. Just as a reminder what has happened since the start: you pre-ordered a product, then competitors arrived on the scene. In order to secure your loyalty, we increased the hashrate to 90Mh/s which is fair enough, then we took final payment at 90 (if we were any other company: chances are we would have and could have stopped at this point, that is a fact.), we then decided to increase to 250Mh/s despite the fact we didn't need to. We delayed and despite the fact our terms give us leeway in this: for the sake and in the interests of our customers we still decided to go yet another step further by giving you shares of our company for the rest of its existence without the need for you to spend an extra penny or work for us hence there is no catch this is technically something for nothing in so far as what we are legally obliged to provide you (although, in this situation: it would only make sense to purchase your future units from your company, as you will receive profits back similar to a discount. It would also make sense to contribute to the company as much as you can in whatever capacity you can; as you would be directly helping yourself). All this on top of free shipping for batch 2 and 10% off any future batch of your choice; this is an unprecedented level of customer service.

We sincerely hope that you will appreciate our efforts to go the extra mile for you and that you will appreciate the offer we’re making to you. We want to thank you for your patience, support and investment in our first batch. We hope you will continue to support us and we promise we will continue to value your custom and input. We are really excited about the future of our company in this industry and we hope that you will join us in our excitement.

Thank you and we’re looking forward to be hearing from you!


Kind Regards,

Mohammed Akram
Director


From what I can see, if you have paid your 30% and don't want to / are unable to pay the rest due to lack of credit card options, then you are not entitled to anything.

And a map of Hyrule now :p

Off to play The Legend of Zelda I think, lol.

It was continually mentioned that shipping would be 15th - 31st July though, many people would have taken the reduced refund rate offered when they could if they were told that there was going to be a delay, it was deliberately hushed up so that the 5 month ( illegal ) dead line passed and they could tell everyone asking to sod off.

As for whining in this thread? I ( and anyone else) can't do much else about the situation, if I am set to loose £1,635, I bloody well want to moan about it as much as I can, gotta get my monies worth somehow

I hope your miner turns up and you get some coins out of it squire, but I am going about things in my way, and you in yours.

RE:Kickstarter, yes, they may be very well specified upfront, but the point is, it is a crowd funding site, the rewards are given as an incentive, but if they don't deliver, you are owed nothing, instead they chose to be a business and as such are bound by the laws of the kingdom.

If this is a financial product... so are money bags, UV note checkers, coin holders etc.
It is a machine that does a job, it's a computer by all accounts.
If they had done a kick starter or a proper "crowd funding" thing, then no one would have a leg to stand on RE: DSR's, but as they offered an actual product, with set design specs and a shipping date (of sorts, bunch of lying cu*ts), then they are accountable to the DSR's, just as any person who sells something for a set price online, eBay, Amazon Market place etc, you sell for a Buy it Now, and ANYONE can return it is they don't want it, up to 7 days after purchase, without any penalty or re-stocking charge, yes, it sounds unfair, but this is THE LAW, these are the rules, if you want to be an online business , you need to adhere to those sort of things.

I buy and sell stuff all the time for my job that I intend to sell, as do lots of shops and car dealers, it would be bloody stupid to make / buy something you didn't think would sell.
How do you think Ford get on when they make a new model car?
Oh yeah, they do market research like Alpha did, Alpha knew there was a market and offered a product for people to buy, don't try and make them out to be the victims in this... it's business, you want to sell something? get it done quickly, people might wanna go else where if you fuck them about, ignore them.
Can you imagine Dominoes banning you from their shop because you complained to your mate on Facebook that your pizza was late? nah, didn't think so.
But that is pretty much what Alpha has done, banned people from the customer forums  for complaining that there has been silence, nothing at all from them apart from "SOON" for 2 months, so high tensions and people being pissed off is pretty much par for the course now.

The item is NOT custom built to YOUR specifications, there is NO personalisation to this unit that could / would stop them from selling it to another person, if it is personalised, i.e, has your own specs added to it (custom PC parts etc) or specific colour not normally available, has writting / engraving etc, then it is personalised, but as it stands, each one of these is either 50 or 250, all internal and external components are the same and no one has had it personalised to their own spec, it is as the manufacturer offered.

Just got to it via Twitter, really DOES look like the map from Legend of Zelda a Link to the Past!!

There has been an upate, can anyone get on to see what it says is their excuse?

If they were to start shipping tomorrow, then they MUST be able to show a working prototype :p

I have received a letter back from the UK Citizens Advice Bureau, it reads as follows.....


Dear *********,
 
Thank you for your e mail about case reference number CS *********
 
Thanks for updating us about your case.
 
Your rights and obligations
When you enter into a contract with a trader by means of a distance communication (telephone, internet, mail order etc.) you will often have cancellation rights under what is known as the Distance Selling Regulations. These state you are entitled to a written notice confirming the details of your order and the fact you have cancellation rights. If you have been given the notice at the time you place the order, your cancellation rights run from the time of order until  7 working days starting from the day after  you receive the goods. If you have not been provided with this written information, your cancellation rights are extended for up to 3 months and 7 working days. To cancel you must inform the trader of your intention, either by letter, email or fax - where you may ask for a full refund (including any delivery charges). The trader must provide this refund within thirty days. To be effective, your cancellation notice must be sent before the end of the cancellation period described above.
 
You will be able to withdraw from the order at any time for any reason for a refund as long as the goods are not customised in any way making them bespoke.
 
Criminal offence
If the trader is not allowing you to cancel as per this legislation then this could amount to a criminal offence.
 
Your next steps
At this stage it might be best to simply discuss the matter with the trader. However, if you are unable to reach an agreeable solution you could take a more formal approach and write. Your letter should outline all relevant events and make it clear both what action you expect from the trader, and why. It should also give the trader a reasonable time in which to respond to your claim(s), e.g. fourteen days.
 
In addition, sending your letter by “recorded delivery” will provide you with proof of posting; a signature on delivery and online confirmation of delivery.
The reason we suggest this, is just in case you and the trader fail to reach an amicable resolution.  Having a record of your correspondence, and confirmation of delivery, could help demonstrate how and when you attempted to resolve the dispute yourself, should you need to escalate your complaint. Furthermore, the trader would find it difficult to maintain that you have never actually raised a complaint with them if they have signed for your letter. This may be helpful if you consider Court action or some form of formal / managed dispute resolution in the future.
 
Alternatively, you may consider obtaining a Certificate of Posting - from the Post Office - when you post your letter. Although this does not prove delivery, it can help to show that you sent a letter, on a particular day, to a particular address.
 
What we’ll do
Due to the business practices described, we will be forwarding the information to Trading Standards for further consideration.  The case details will also be placed on a central database that can be accessed by all other Local Authority Trading Standards Services throughout the UK.
 
Although we work closely with Trading Standards departments, we are a separate organisation. Individual complaints do not necessarily lead to immediate enforcement action as, sometimes, numerous complaints are needed before effective action can take place.  The information is, however, valuable intelligence for Trading Standards Services and other Government departments. Trading Standards will only contact you if they need further information or feel they could be of further assistance. We cannot make any commitment that Trading Standards will definitely contact you.
 
If you want to discuss this further please call us on 03454 04 05 06 or reply to this e mail
 
Kind regards
********
Citizens Advice consumer service


Things are moving forward I hope.