From: Alpha Technology <no-reply@alpha-t.net>
Sent: Thursday, December 26, 2013 7:42 AM
To: - M
Subject: Registration Open + Downtime Apology
We would like to apologise
for the downtime of our website. We have fixed some stability bug and
performance issues which took much longer to achieve due to the holidays.
Registration is now open, you can register here and add your desired product
and quantity to your Wishlist:
https://alpha-t.net/login-register/ Also please read
the previous update which was released on 25/12/2013 Christmas Day.
Thank you for your
patience.
click
here to view this update on our website
This
update is from CEO of Alpha Technology, Mohammed Akram:
First of all I would like
to personally wish everyone a merry Christmas, happy holidays and good health.
I understand a lot of people will be busy with family and enjoying holidays. So
we will only be opening registration for now. Pre-ordering will be open after a
few days when everyone is back.
After our previous update
we had received plenty of queries. Through the below update I would like to
address some of them and also further explain what sort of experienced team is
working on this project full-time (regardless of holidays). Reputation is on
the line for our company and our well known engineering partner Dexcel Designs. Any estimates and deadlines we give
will be very safe, and we wouldn't release any statistics if they were not
fully verified and confirmed. Be assured that all permutations and combinations
for the best design has been chosen and most suitable one to be scaled for an
ASIC. Whether you are a potential backer or just onlooking our development,
everyone will be given regular updates from our team in the UK and the team in
India on the road to the new innovation in Scrypt-based proof of work hardware.
On the 23rd December 2013
(Monday) we had released our pricing, terms and specifications information.
Here are a few explanations regarding few certain customer concerns:
Shipping
and Hashrate?
Due to the previous errors
of other ASIC companies, hash rate and shipping we have quoted are based on
worst case scenarios. We expect to out-perform these quotations. All our boards
will very likely have better hash rates than estimated/published. The published
hash rates will be guaranteed as bare minimum if not better.
Our partners have
previously dealt with large scale manufacturing for various industries/projects
for some very well known global customers. The facilities and ecosystem that
are available to us in India are a huge advantage in rolling out our devices
faster. A very efficient supply management system and distribution management
system is set up where items will be dispatched directly from the assembly and
packing line after thorough testing. Our goal is to improve significantly on
our shipping estimates of Q2/Q3.
Pricing
& Difficulty?
Since we expect to be the
first to ship, we are only taking 30% deposit instead of the usual 100% other
companies take and at the same time allowing the opportunity to get a refund in
deposit. (this refund policy is fair as we are not taking 100% upfront and have
certain costs to the manufacturing process to be made). We would like to avoid
to lose any customer by virtue of cancellation, however please note that based
on our volume projections certain costs have been arrived at. Any significant
cancellations can seriously dent our pricing calculation.
Difficulty in example 5
months time will increase, but all that difficulty is not majority based on
ASIC hardware like the Bitcoin network. Example. The whole Litecoin difficulty
in 5 months time will be made up of GPU's. When our ASIC products ship it will
be more advantageous than any GPU rig, will be more cost efficient, and much
more power efficient.
Below we will display
estimates on what cost and power saving advantages you get:
Viper
Device 25 Mh/s: 600watts (or below) £5450 (full cost)
GPU Rig 25
Mh/s: 10,000 watts (40 GPU's @ 250watts x 625 Kh/s) £12,000 (excl.
other costs)
Viper
Device 5Mh/s: 100watts (or below) £1350 (full cost)
GPU
Rig 5Mh/s: 2,000watts (8 GPU's @ 250 watts x 625 Kh/s) £2,400 (excl.
other costs)
(GPU figures above are
generous, only GPU consumption, and exclude full system and cooling costs.
Viper devices are full system consumption and are based on worst case
scenario).
Viper device work out
cheaper than what you would pay for a GPU rig, plus the advantages of virtually
running it for free in comparison. GPU's will be in no comparison after you
just compare the cost and power savings you will get. Regardless of which GPU
is released in many years to come. ASIC is built for this task in hand, GPU's
are not, therefore, space requirement is much lower and cooling costs. Running
our device in comparison to a GPU device automatically makes you more
profitable in terms of upfront cost, but mostly due to recurring huge energy
savings. So difficulty increase has no impact on the advantages of our devices,
as all the difficulty to come till our release will be made up of GPU hash
rate.
Expertise
and Durability?
As we are the first
innovators in building a cost-efficient ASIC design, we also expect to be the
first to ship especially with the backing of our engineering partners in
India. Dexcel Designs have very experienced
engineers, some of which have been certified by Altera and Xilinx.
They are the only company in India to have partnerships with Altera for
both design and training (DSN & ATPP) .
Dexcel Designs are direct certified design partners
with the likes of Xilinx, Altera, Analog Devices, Texas Instruments, Atmel and
many more. Not only it ensures that the design is done by the engineering
experts, it also helps us to overcome design hurdles quicker than most other
companies in the same market.
Here are some links
of Dexcel Designs partnerships and work. It can be
verified on their partners websites as well:
http://www.dexceldesigns.com/alliances.html
http://www.altera.co.uk/products/design_services/partners/profile/Dexcel%20Electronics%20Designs,
http://www.altera.co.uk/support/refdesigns/sys-sol/wireline/ref-dexcel.html
http://www.ti.com/ww/in/third_party.html
Misc.
Updates
Prices are the same
worldwide. And any additional shipping cost will be charged at the time of
final payment.
Deposit payment and final
payment can be paid through different payment options, e.g. deposit can be paid
with Bitcoins, and end payment with Bank Transfer.
After shipment we will be
rolling out regular firmware and software updates.
What Next?
Overall, transparency is
crucial in our plans ahead. We will be giving live updates on every part of the
production process we are on, this will give customers a better idea on the
good news we will have to give in regards to overall hash rate, lowered power
consumption and shortened shipping timeline.
We are innovating in making
scrypt hashing affordable using ASIC Technology, which has never been done
before. We would like the community to join us on the ride to make scrypt
hashing more cost efficient and power efficient. Our long-term plans are to
carry on innovating in Scrypt technology, this would mean rolling out cheaper
and faster devices in the months and years to come.
In The
Coming week what you can expect
1. Product Images and ASIC
POC prototype demonstration (on high end FPGA platform)
2. Order books opening
Happy Christmas once again.
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