The transparency has always been there, you just refuse to see it because of greed and want.
Throwing insults around seems like the logical thing to do... Why you see the need to get personal here, I've no idea. It's August 26. If KnC doesn't have any clue, at all, whether its possible to start shipping in early, middle or late September, then we all have some **big** problems. in this news posted on kncminer.cn they give us two information: - knc have just opened an office in China - by the end of September Knc will host a demonstration of real machine mining in its China HQ this two piece of info seems quite valuable in my opinion, aren't they? edit 1: fix url |
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The .cn Update from 21. of August is a different than the .com version. http://kncminer.cn/news/demo-machine-shanghai/FROM GOOGLE TRANSLATOR: We will present you a genuine Shanghai Machine In the end of September, we will present you in Shanghai genuine machine, then you will be able to experience the performance of the mining machine. If you want to be invited to visit the site, please register by QQ or mail. We will be randomly selected among all participants in September intimate contact with the prototype of places! Refund Policy Our regional headquarters in China was established only recently, but we still ensure that every user can get the best service. We understand that there are questions in the bitcoin community voices, so we are responsible to convey to you a clear and honest attitude is extremely important. For recently received the order, we will arrange the shipment before the end of October. If we fail in a given time of delivery, the purchase price will be refunded. Please keep your proof of purchase for a refund instant access to your ordering information. clever! I haven't even thought about monitoring chinese knc domain for changes, kudos. |
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Don't forget ASIC mining deploying....
Did you mean firedcat's ASICminer ? |
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The only way to get totally untraceable coins is to solo mine, which is pretty risky.
But then you don't have laundered money, you have "clean coins" but you still don't have an explanation for where it came for, which I believe is the main point of money laundering. You want a valid, legal source for that money, I don't see how mining does this, it certainly makes it less traceable though. mmm can't parse this last sentence, I dunno about legality but speaking of validity this [1] plus a little bit of economic theory should suffice, doesn't it? [1] http://bitcoin.org/bitcoin.pdfIf you are saying that you can take illegal money, buy mining hardware with it and then suddenly the mined coins are going to be completely untainted in the eyes of the law, I believe you are wrong. oooops sorry now I got what you were saying, I've simply miss the premise: miner bought using illegal money, sorry for the noise. |
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The only way to get totally untraceable coins is to solo mine, which is pretty risky.
But then you don't have laundered money, you have "clean coins" but you still don't have an explanation for where it came for, which I believe is the main point of money laundering. You want a valid, legal source for that money, I don't see how mining does this, it certainly makes it less traceable though. mmm can't parse this last sentence, I dunno about legality but speaking of validity this [1] plus a little bit of economic theory should suffice, doesn't it? [1] http://bitcoin.org/bitcoin.pdf |
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kano sorry for pestering, did they eventually contact you asking for a shipment address?  Expect an answer of No (which it is at the moment) That's basically why I posted that comment. Of course if that ever changed I'd say so - but I no longer expect that. many thanks for the update. at this point I'm quite worried. I'm quite sure they will make cgminer work with their machines (they already said that the mockup using the altera is already working with cgminer, if memory serves). What it seems strange to me is that I was expecting a different behaviour from KnC, something like sending you an email saying: "sorry for the false alarm we have changed our mind, we don't need your service anymore, blah blah...", just saying. |
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Was that Columbia?  kano sorry for pestering, did they eventually contact you asking for a shipment address? |
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2112, what can you tell us about KNC's latest post/picture of the PCB....your opinion is highly regarded, thanks.
I do agree. I was waiting for a 2112's post on the PCM since they published news-30 |
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delivery date.  I was given quite a specific estimated delivery date for the 1st shipment, so maybe he got it too are you kidding me? care to share? |
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Exiting, where?
There is not the corresponding selling pressure on bitstamp.
This. It's true that tens of k's are leaving Gox, but they are not showing up on Bitstamp at all. And this have been going on for months now. Just check the order books. serious question: any idea on where are they going ? Not to any exchange. Cold storage I'd say. LocalBitcoin It could be, but we're talking about thousands of BTC, though. It would be fun to see those face to face exchanges |
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Exiting, where?
There is not the corresponding selling pressure on bitstamp.
This. It's true that tens of k's are leaving Gox, but they are not showing up on Bitstamp at all. And this have been going on for months now. Just check the order books. serious question: any idea on where are they going ? |
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I've found interesting thing in Russian forum about KNC: There is line at very bottom of https://www.kncminer.com : "©2013 all images and content copyright KnCMiner AB, org no: 556931-9725" And there is Sweden business companies registry - http://fi.seLet's try to search at http://fi.se/Folder-EN/Startpage/Register/Company-register/ by using "KnCMiner" company name or by "556931-9725" registration number, in both cases no one company found. Hope this registry just incomplete...  VIES doesn't work properly at the moment for Sweden VAT number, hence the old screenshot edit 1: to check Sweden VAT number properly you need to append "01" edit 2: VIES verification is actually working now so you could try yourself http://ec.europa.eu/taxation_customs/vies/edit 3: add image tag |
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Beware of e-matabank.com as it's a service that claims that they will deposit coins directly into you credit card, but your card will be compromised and used elsewhere. It happened to a good friend of mine, and luckily it was a small amount of cash. Beware of e-metabank ( e-metabank.com scam )
thanks good to know, I just want to add that whois info follow the usual anonymous "scam" manner (privacyprotect.org) |
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Still not heard back from KNC ... for 12 days now ...
this is at least annoying |
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Still no news about power supply, though.
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Are any of the controllers going to be OpenCores' OpenRISC? That would be neat, if so.
dunno if OpenRISC or something else, but definitely it's something that will be made by OrSOC, so OpenRISC should be a candidate |
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EU rules say: If you did not recieve your product within 30 days you are lawfully entitled to get a refund!
30 days from what? From order date. Which I believe is the case with KNC - they have said before that they will refund anyone unless they have started shipping your order  Have a look at their official terms and conditions at their website (one had to accept before one can finalize the order). First they strictly treat you as a business customer: "1.2 The Products are sold for business use only and Purchaser hereby accepts that it has purchased the Products in order to conduct a business." As far as I know, business customers are not that well and comfortable protected by law as private persons are. Second, there is no word about a refunding policy, as mentioned here (refunding possible until they ship). At least I didn't find it. I know, that someone shared a KnC email he got, where they say it in that way. But is this binding? In their terms and conditions is stated: "8.2 Where delivery is delayed due to any of the circumstances constituting force majeure in accordance with 11 below or due to any act or omission by the Purchaser, the delivery period shall be extended by such a period as is reasonable in light of the circumstances. The delivery period shall also be extended where the cause of the delay arises after the expiry of the originally agreed delivery period." and in their definition "force majeure" is almost anything they can't control: "11.1 KnCMiner is exempted from fulfilling its obligations under this Agreement and is entitled to cancel the Purchaser’s confirmed orders without any liability, in the event of force majeure such as strikes, floods and fires, wars, riots, interruptions in transport, shortage of material or energy sources affecting KnCMiner or its sub-suppliers, accidents or other occurrences which affects sub-suppliers’ production, bankruptcy or compulsory liquidation of a sub-supplier, accidents of any kind, governmental decisions which affects manufacturing or use of the Products and, in general, such events that were unforeseen at the time of the order which prevents or hinder manufacturing, transportation or delivery of the Products to the Purchaser." No offence, but if "we refund everybody until we start shipping" is their official refunding policy, they should add this also to their official terms and conditions. EU Law applies to all companies who are located in the EU. EU Law stands above KnCminers own company T&C ("rules")! yep you're right, nonetheless if they fail in a bad way and everyone ask for a refund, bankruptcy is almost unavoidable |
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...
Yeah, I did not mean Altera is a fab. They were probably just trying to decide between Altera and eASIC (unless you know of a 3rd company they have a contract with for 28nm?).
...
There is only a handful "pure play" foundries offering advanced nodes (< 65nm) in principle open for every customer. There are only 2 currently offering 28nm their own fabs: TSMC and GLOBALFOUNDRIES.
All other 28nm (and below) players (like Intel, Samsung, IBM, STM) are so called IDMs, offering their production capacity to some interessting high volume customers from time to time too to get a better workload in their fabs.
sorry for bothering but let me try to understand, do you mean that Altera usual partner is TSMC while eASIC's is GF ? |
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... I hope this is no information you got from KnC because it can't be correct. Some semiconductor industry facts: 1) at the moment there is no 28nm fab at all in People's Rep. of China (they are of course working at building ten ) 2) TSMC stands for "Taiwan Semiconductor Manufacturing Company", all there fabs including 28nm are in Taiwan3) The only 28nm GLOBALFOUNDRIES fab (former AMD production side) is fab1 located in Dresden, GermanySorry, yes, my bad about GF, although Taiwan is a long disputed province of the People's Republic of China. I clearly remember someone posting a wild guess about what will be the KnC fab. it costs me quite a few to find it but eventuallly I got it: https://bitcointalk.org/index.php?topic=232852.msg2584946#msg2584946it was buried into the 'orama openday report thread. it should be helpful hopefully I think you dug up the packaging company, not the fab. yep, you're probably right. I don't know why but I've taken for granted that they would use ASE Inc facility to produce the chip. edit 1: fix grammar error |
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