From:                              Alpha Technology <no-reply@alpha-t.net>

Sent:                               Thursday, March 27, 2014 11:30 PM

To:                                   - M

Subject:                          A letter from the Managing Director

 

Greetings Miners!

A letter from the Managing Director:

We are currently in the process of sending parts for fabrication and while we are aware of demand to further match our competitor’s hash-rates; we feel this is not necessary at this stage due to several reasons.

We do not want our development to be delayed by our manufacturers continuously going in circles. While a certain amount of ‘matching’ is worth it (as we have done so previously), we feel the best thing for Alpha Technology to do now is focus on our lead and getting our miners shipped in order for our customers to get their return on investment sooner rather than later. We intend to do this long before any of our competitors even ship as we want our customer's mining as soon as possible. Once our miner is shipped, the difficulty will rise making competition less profitable. We say this as we anticipate by the time competition’s product is released our next batch will be due shortly ensuring we can again stay one step ahead. At this point we would like to guarantee a minimum of 650 Mh/s for our second batch, this figure is just a preliminary minimum and it is more likely than not to be higher.

We believe our biggest competitor at the moment is very much using a smoke and mirrors strategy, it seems after their orders were not filled they were forced to redesign and increase hash rates, if they are at a point where they can still be choosing hash rates then we don’t doubt we are vastly ahead. This is doubly true, considering they have no design documents confirming architecture, specifications, process nodes and very little technical details. Our development started May 2013 and is scheduled to finish July 2014, since that start date we have been releasing constant proof of work confirming our development has been progressing for a while now. It seems to us our imminent release is hampering competitor’s sales forcing them to change architecture and inevitably pushing them back a safe distance from our release.

We are currently ramping up production and putting as many resources as we can into this effort, redirecting staff where we can etc. We are very satisfied with our development, we will be releasing a high quality, fully featured, industrial grade miner that should endure for years, at the very least until it is no longer needed, by July. Unlike competition our miner will come with it's own power supply so you will not have to find your own, this will undergo full certification so there will be no customs issues, this will also save you spending extra to buy the PSU. Additionally just as a reminder we offer a cheaper 16Mh/s model that currently stands unmatched on the market for the casual miner.

Opening Orders Time

To begin with, the opening of orders will take place on the 28th of March at 3pm UK (GMT) time. Please review our terms of order page before ordering as it contains many frequently asked questions you may have, for this you can visit: https://alpha-t.net/terms-order/

Shipping Costs

Our shipping costs can be viewed here: http://alpha-t.net/wp-content/uploads/2014/03/Shipping-Costs1.pdf and just so customers are aware, once development ends, the manufacturing capabilities at our disposal will allow us to produce every machine and have them shipped within a 2-3 week time frame. Customers ordering from the UK and India will not have to go through any customs process, everyone else may depending on your country. Rest assured we will make sure our product is fully certified and do everything we can from our end to ensure it will go as smoothly as possible for you.

Paying By Debit/Credit Card

We have elected to switch our debit/credit card payment processor from PayPal; this will not affect existing PayPal deposits so rest assured nothing will change for you. This was done simply because we found PayPal to not be as friendly and receptive as we had hoped to not only our project but cryptocurrency in general. Just to reiterate this is purely a behind the scenes business change and will not affect your user experience, you can still pay via debit/credit cards but it will not go through PayPal going forward.

The only caveat is that this will not be done in time for the 28th so new customers will have to pay their deposits via Bitcoins or bank transfer; this is a very straightforward process and if you go to ‘my account’ then ‘view order’ there will be clear instructions. When it comes to the remainder payments we will be accepting another processor so you will be able to pay by card at that point. We are in talks with a number of processors and will let you know as soon as we decide on one. Additionally a number of manufacturing slots will be reserved for existing customers who want to add to their order but want to wait for the new processor to come into effect before paying, for these customers we will make an announcement as soon as this is possible.

Developmental News

We are pleased to report the Viper interface boards have been fabricated and have now arrived; we are currently finishing up testing them. By next week we expect our LCD boards to finish fabrication and will get to testing them as soon as they arrive. Below is an image of the interface board:

 psp board alpha tech

We would like to thank you your continued support of our development, your loyalty has not gone unnoticed and in addition to being able to order first, we intend to give all batch 1 customers free shipping on batch 2. Rest assured we are aware our openness to questions and overall transparency is appreciated by our customers and goes a long way in making sure you are satisfied with our company, as such we are determined to keep trying to be as open as we can.

Kind Regards,

Mohammed Mubasher Akram

Managing Director

  

 

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