From: Alpha Technology <no-reply@alpha-t.net>
Sent: Wednesday, July 30, 2014 11:58 PM
To: - M
Subject: Leading The Industry Together
An Opportunity for the Mining Community To Become an Integral Part Of Alpha Technology And Lead The Industry For Years To Come
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
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