29 Jul '14, 6pm

Alpha Technology Blames PayPal Dispute for Bitcoin ASIC Delivery Delay

Manchester-based mining outfit Alpha Technology has missed its July delivery target, stating that technical problems and a dispute with PayPal have caused delays. Alpha Technology, which began taking pre-orders for its ASIC miners in January this year, now says it aims to deliver by September. “We may have perhaps overpromised,” Alpha Technology’s 23-year-old managing director Mohammed Akram wrote on the company’s blog . The announcement, which comes after months of updates about Alpha Technology’s progress, has done little to appease customers, some of whom are now complaining the company is not responding to requests for refunds . One Alpha Technology customer, Texas native David Sutherland, said the delay will make it impossible to get a return on his initial investment. “By September, unless Alpha Technology once again promises a vastly increased hashrate for our same ...

Full article: http://www.coindesk.com/alpha-technology-blames-paypal-di...

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