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Messages - Serge

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All Developmental Updates / Re: All Developmental Updates
« on: September 14, 2015, 04:52:53 pm »
Very interesting and in some respects encouraging that development updates are continuing to come out. Andrew Morgan from SCS says that it is a good thing that a UK company is on board now, as it makes enforcement just a little easier.

Quote
We sincerely apologise for getting this update out to you after such a long time. As we have been at a stage where we have just been awaiting system design changes and tweaks there has not been much to update on; as these have been more technical than physical so we do not have much to show.

We had originally planned to have our devices already shipped, as said in our previous update we have all our chips ready; the only delay was getting the system design so we are manufacturing and assembly ready. We had sent our system design for review before manufacturing to a UK based company who are experts in system design, they had found flaws in the system design which was made by the Indian design team. We were told if we were to take our design for manufacturing there would be serious issues. Therefore, we have contracted this UK based company to commit to making these on both the 50Mh/s and 250Mh/s systems.

The technical recommendations and changes are summarised below:

 

Design analysis shows that the issues found can be solved by bill of material (BOM) and hardware changes. The proposed solutions need to be tested on a prototype to verify that the proposed solution is effective.
DFM review shows that an update to the PCB is needed before going into mass production.
System analysis shows that the Enpirion power supply can be used as an alternative power supply solution to the Texas Instrument power supply without compromising cost and performance. Recommendations for future expansion are also considered.
Recommended that the USB port at the back of the data miner system be reallocated as a USB to serial interface. Having a freely accessible serial interface would be useful in scenarios requiring emergency recovery due to an invalid network setting rendering the system inaccessible via Ethernet. One such solution would be to use an appropriate FTDI USB to serial transceiver.
 

Towards the end of July these changes were sent to our Indian design team so they could implement them and send prototypes back to the UK based team. The Indian design team is days away from completion, once these changes are made we will start manufacturing and shipping in phases; the 50Mh/s devices first and then the larger devices.

We truly apologise for the delays and are doing the best we can to ship ASAP. We have been with our original designers from the start and it is difficult to change contractors if they have first hand knowledge of our chip and system design, this knowledge dates back since 2013 with our FPGA design. But now when we have hit the stage of the project where we have had the chance to slowly hand-over our designs to a UK based company we are seeing positive signs and progression.

When developing a new technology from a white-paper and concept, there are bound to be delays which we cannot anticipate, unfortunately we were hit by these delays. As this was a pre-order project we did make customers aware most of the work was yet to be completed. I also believe there are currently no other scrypt-based miners being shipped from any competitors, so when we do ship I believe customers would be delighted to finally have our product in-hand. Finally there is something very important to me that I want to make mention of, my intention is to try to compensate all batch 1 customers (including those refunded) in the future with our further projects.

Best Regards,

Mohammed Akram

Managing Director

2
Success Stories / Re: Another small claims victory
« on: June 14, 2015, 12:21:17 am »
So, if they don't pay, there are a couple of things you can do. The three things that Small Claims Solicitors told me about are:

Sending a bailiff around to their registered address to make them cut a check;

What's called a "third-party debtor order," which means you contact their bank and ask them to freeze X amount of funds pending another hearing to make the bank release them to you;

A "charging order," where the authorities seize property from Alpha, then sell it off to pay your claim.

For my money, you'd want to start with the third-party order, I think. But IANAL, so ask someone else for advice.

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Small Claims - Post your Claim / Re: After judgement
« on: June 11, 2015, 04:39:03 pm »
Did you ever receive the order in question?

I think the only thing to do would be to file a new claim and make sure you're complying with the order...

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All Developmental Updates / Re: All Developmental Updates
« on: May 15, 2015, 10:29:01 am »
We would like to once again thank you all for your patience during this final period. Be assured we are near shipment with just a few more steps to finish. We wanted to give you a quick but significant update on the progress of the miners; we have completed our prototype of the smaller device. It is important to note it natively hashes at 1Mh/s per chip with 3 cards and will overall hash at 35/36Mh/s. However, the software will allow you to over-clock it so you will be able to bring it to 50Mh/s immediately (as shown in the video). We are now just finishing work on the larger device and once it is done we will do some quick work on efficiency increases, and then we will be ready for mass manufacturing with shipment directly after. We anticipate shipment will be no later than July though we cannot promise a date yet and will update you as soon as we have that information. For now you may view a video demonstration of the 50Mh/s device and our software:

https://drive.google.com/file/d/0B2Efyf7ZTfHfY19ZQjdSc0Zvem8/view?pli=1

Best Regards,

Mohammed Akram

Director

It should be noted that this represents another breach of contract. To wit: Alpha promised that the devices would be able to hash at 50 MH/s. These do not; they hash at 35 MH/s. The fact that they can be "immediately overclocked" to 50 means nothing; they are currently not performing to spec.

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Now that I think about it, you raise a good point -- having the judgment forces Alpha to cough up the amount so judged, whereas the winding-up petition distributes a percentage of what's actually realized from the company's assets. The only difference being that the winding-up petition forces it to happen, whereas Alpha can ignore a judgment to a certain extent. I'll get back with Small Claims Solicitors (the company I'm working with) to see what they say about it.

Jake, can we get a health check on the petition? I think Joe might be on to something here.

E: Not to mention which, Jake, you still haven't responded to my email w/r/t putting down the value in USD so that we don't get screwed on the exchange rate. Both SCS and Fieldfisher say it can be done.

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