Alpha Technology Viper Scrypt Miner Shipments Slip to October

Alpha Technology has confirmed that shipments of its Viper Scrypt miner will suffer delays of up to a month.

The company had previously planned to ship the ‘batch one’ units te September, but now says the date has bot moved to October.

“Wij are certain that wij will be shipping te the latter half of October 2014, provided everything goes spil planned,” director Mohammad Akram told CoinDesk, explaining:

“Wij are doing our best to ensure our customers receive the highest quality of product, which is performing at, if not better the advertised hash rates and power usage requirements advertised and do not want to rush anything which would undermine that.”

The tape-out of the rigid’s fresh silicon wasgoed a success, according to Alpha, which is presently still testing the hardware. Once the fresh miner passes quality control, it will stir into mass production, followed by shipping.

Furthermore, the very first batch will strike its previously quoted spectacle targets, according to Alpha, albeit the precies figures have not bee exposed. Four months ago, the spec wasgoed revised from original estimates, with the flagship Viper miner claimed to supply 250 MH/2nd.

Delays explained

Te its latest developmental updates, Alpha Technology shed more light on a number of problems that contributed to the delays.

The company wrote:

“It’s absolutely thrilling for us that wij are going to be able to ship you your miners at any uur now. However, wij do realize that making batch one toebijten has not turned out exactly spil wij all had hoped and planned, and just like you: wij are very disappointed with that.”

The company commenced taking orders for the very first batch of miners ter January and planned to ship the very first batch of miners ter July. However, that date slipped and, two months ago, Alpha pinned part of the blame on a dispute with PayPal.

Akram said at the time that the delay wasgoed due to the company not being able to access customer funds held with the payment provider.

The company then revised its schedule so that batch one of the Viper would ship ter September.

“Wij are aware that there [are] some customer complaints regarding the delays etc. However, I would like to point out that wij have enlargened the ondergrens hash rate tenfold from Five Mh/s to 50 Mh/s, and 25 Mh/s to 250 Mh/s, and are looking to meet, if not outdo, our estimates on the power efficiency requirements. Thesis switches, together with the problems wij have had with PayPal, have naturally resulted ter delays, which have bot problems fully out of our control.”

Loyalty prizes

The company now says it wants to “give back” to those who have stuck with the stiff through the delays, and has launched a fresh loyalty scheme for all customers who made batch one orders. Alpha originally considered handing out shares to those affected by the delays, but due to potential legal issues it determined to develop an alternative.

The scheme will run for five years and will involve providing almost half of the value of shareholder dividends to very first batch customers. Any buyer who purchased 50 MH/s or 250 MH/s Viper miners prior to the 31st August 2014 will be eligible.

Akram said the company has “big plans” for future batches and it is determined to set a high standard te the mining industry for years to come.

“Out of all the startup companies like ours, who had began from scrape te the scrypt mining market, most have bot delayed significantly or failed altogether, spil a result of some of the high level competition which cropped up from some of the fatter players te the bitcoin market and well-funded companies,” he said.

Altcoin resurgence?

Akram added that Alpha Technology is certain that scrypt altcoins will rise again te value and generate more market opportunities.

“The problem seems to stem from those who are ter it for the brief term, and only thinking about brief term ROI, and are dumping coins spil soon spil they are mining them. This seems to have had a negative effect on the value of thesis coins,” said Akram.

“However, ter the long term, I am pretty certain that the value of scrypt coins will again rise, and stabilise te the coming years.”

The leader te blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a rigorous set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.

Related movie: The History of Slenderman