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Unfortunately my first post here will be negative for KNC 22 days after Refund was requested , I'm receiving this funny note from Anna: Anna (kncminer)
Apr 30 14:02
Hello,
We will process refund by bank transfer.
Please be aware, it might take some more weeks as finance department is busy.
Thank you.
Best regards |
Med vänlig hälsning
Anna Jagdhar
Kncminer
www.kncminer.com
Office: +46 8559 253 20 Is there anyone received Refund from beginning of April till now? Or KNC are going on the bankrun in the next weeks? waiting for mine also, it's been almost 20 days. |
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I am still waiting on my refund requested on 4th April.
Liam told me: Refunds are usually processed within 10-15 working days but can take longer during busy periods.
Requested mine on the 10th, was told that they do bank wires once a week, I also requested refund in BTC but was told NO. I do bank wires daily for my business and it's a very simple process, perhaps 5 min per wire doing it online if you have the proper bank account/setup. |
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I'm tired of it. Go read previous replies. We'll deliver SP30 on spec and on time.
Back that up with a refund or compensation policy. It costs you nothing if you ship on spec and on time. Talk is cheap. Already discussed as well. Can you tell us how many SP30 units were sold up to today? At least KNC told us how many units they were selling on their website. |
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make the price $4995 and limit the purchase per buyer to perhaps max 5.
that's comparable to group buy of 50 units in what way?  Put the 2 Unit SP10 Bundle for Sale for $4000 for the 1st 100 Customers and limited to 1 Bundle per Customer, you will see how fast they sell.
why don't they just give 'em all away for free? only then will you be content.  I am looking at it from a business point of view, supply and demand, the fact that they did not sell out of SP10 machines should tell you something, I feel the prices for SP10's 2 Unit Bundle is still high, that's all, it's all business, how could they do this Group buy from 12K to 5K on August SP30 machines, perhaps they know that the Group Buy will not be successful since more than 250 machine has to be sold. it's true. bullshit baffles brains. too bad as they truly have the best piece of gear on the market and can be selling it right now. for the 3200-3800 price range right now. Buy the 2 X SP10 Bundle (8K$), apply the 10% coupon and you get to 3,600$ Right Now you could buy Antminer S1 for about $420 per unit with Free Shipping, overclock it to 200GH, buy 7 of them for $2940 which would equal to one of your SP10, you could hash in about 3-4 days from the time you order, When I said you should sell the 2 unit sp10 for about $4000, I was discounting the 3-4 difficulty increases, like I said it's all about business sense, the additional power should be minimal. |
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make the price $4995 and limit the purchase per buyer to perhaps max 5.
that's comparable to group buy of 50 units in what way? Put the 2 Unit SP10 Bundle for Sale for $4000 for the 1st 100 Customers and limited to 1 Bundle per Customer, you will see how fast they sell.
why don't they just give 'em all away for free? only then will you be content. I am looking at it from a business point of view, supply and demand, the fact that they did not sell out of SP10 machines should tell you something, I feel the prices for SP10's 2 Unit Bundle is still high, that's all, it's all business, how could they do this Group buy from 12K to 5K on August SP30 machines, perhaps they know that the Group Buy will not be successful since more than 250 machine has to be sold. it's true. bullshit baffles brains. too bad as they truly have the best piece of gear on the market and can be selling it right now. for the 3200-3800 price range right now. Buy the 2 X SP10 Bundle (8K$), apply the 10% coupon and you get to 3,600$ I think he meant $3200-$3800 with shipping Now, not in May, this is where I have an issue, I think you should listen to few people here that suggested to ramp up production on SP10 to 1000's of units, stock them and blow them off like Bitmain does, make your 10% and move on, mass production. |
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make the price $4995 and limit the purchase per buyer to perhaps max 5.
that's comparable to group buy of 50 units in what way? Put the 2 Unit SP10 Bundle for Sale for $4000 for the 1st 100 Customers and limited to 1 Bundle per Customer, you will see how fast they sell.
why don't they just give 'em all away for free? only then will you be content. I am looking at it from a business point of view, supply and demand, the fact that they did not sell out of SP10 machines should tell you something, I feel the prices for SP10's 2 Unit Bundle is still high, that's all, it's all business, how could they do this Group buy from 12K to 5K on August SP30 machines, perhaps they know that the Group Buy will not be successful since more than 250 machine has to be sold. |
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New Shipping rates for the SP10s! We are happy to announce that following the completion of the April batch, having shipped out many units and with plans to start shipping the May batch, we were able to secure a new and improved shipping rate. The new shipping price is $193 for any country in the world that we ship to. In addition for those who order 6 SP10 May bundles or more, shipping will be free!Would it be possible to have a group buy for the May batch? I'm talking about something similar to the speacial easter/pesach for SP30 offer above. Come up with a proposal, send to sales@spondoolies-tech.comWe're not committing though. Put the 2 Unit SP10 Bundle for Sale for $4000 for the 1st 100 Customers and limited to 1 Bundle per Customer, you will see how fast they sell. |
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Interesting news on the group buy and GREAT news on the improved shipping costs... @Spondoolies-Tech -- are you simply trying to shift risk to Roadstress? Why buy direct at $11,995 when I can (potentially) at $4995 from the group buy?Sadly they were not as aggressive on a bulk SP10 proposal  We're not trying to shift any risk. We're fully supporting RoadStress buy group effort. OK, and kudos for the distributing the hash rate mantra, but to the latter question... Will you answer that one for me please? We like group buys, they help to distribute the hash-rate. We do offer modest bulk sales discounts, as you well know. You could set this up on your website, make the price $4995 and limit the purchase per buyer to perhaps max 5. Also, I still think your SP10 for May Delivery is over priced since you have not sold out of them yet, let's take worst case scenario that you ship them May 31st, this meas that there will be 3-4 difficulty increases, if we say average 15% increase I come up with the price of around $4500 for your SP10 Bundle so I think you should reduce the price of the SP10 Bundles to around 4K and you will see how fast they sell, just a suggestion. |
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Ordered 2 units on the 14th, shipped them on the 16th and UPS is delivering them today, they are already on the truck to be delivered. This is what I call service, perhaps some other hardware companies could learn from Bitmain, this was the fastest delivery.
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looks like we finally have a legit asic maker with good hardware and does what it says, no bs. good job!
however i think you need to improve the price, understand you want to keep the margin high but mining hardware is a rapid depreciating business overtime. 3-6 months from now your margin is guaranteed to erode significantly, so better off with a lower margin/price now(while still much higher than what it will be in 6 months) to make it attractive and drive higher sales NOW.
cex.io May is at 0.004btc/gh, that's $2576 for same 1.4TH (0.004btc*1400GH*460usd). Add on 10% premium for their maintenance fee(the other 10% is just same electricity), you looking at $2800 - risk free mining with the ability for instant unloading to btc.
Your may 1.4 TH unit is at $4000 (using the 2unit pricing), and that's not including hosting + risk of hardware issues/downtime.
Anyway to slice it, i just cant bring myself to order this vs buying cex.io shares.
I am curious how you see the May Cex.io prices, when I look at the trading I only see like .009 btc per gh. Thanx, ...0.009 BTC/GH ...which gives ...: 0.009BTC * 1400GH = 12.6 BTC for SP10 ... * $493 per BTC @ the moment = $6211.8 ...NO DEAL...  I agree with you but what the newguy is saying that you could buy May Hashing for .004 btc, I am trying to verify this info from the CEX.io website but don't see it but I do agree with you at .009 btc/gh is no deal. |
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looks like we finally have a legit asic maker with good hardware and does what it says, no bs. good job!
however i think you need to improve the price, understand you want to keep the margin high but mining hardware is a rapid depreciating business overtime. 3-6 months from now your margin is guaranteed to erode significantly, so better off with a lower margin/price now(while still much higher than what it will be in 6 months) to make it attractive and drive higher sales NOW.
cex.io May is at 0.004btc/gh, that's $2576 for same 1.4TH (0.004btc*1400GH*460usd). Add on 10% premium for their maintenance fee(the other 10% is just same electricity), you looking at $2800 - risk free mining with the ability for instant unloading to btc.
Your may 1.4 TH unit is at $4000 (using the 2unit pricing), and that's not including hosting + risk of hardware issues/downtime.
Anyway to slice it, i just cant bring myself to order this vs buying cex.io shares.
I am curious how you see the May Cex.io prices, when I look at the trading I only see like .009 btc per gh. Thanx, |
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I am sure your company has not been around as long as KNC so you never know, you might also go the route that KNC went, You'll be surprised what effect money could have on human beings, in 6 months or a year your Company Owner might say f___k the customers, let's use customer's money and build a mining center, no guarantees or how can we know that you don't have a sister company that gets the hardware first?
Ain't gonna happen. Our business is producing and selling mining hardware. Our core belief is the need to distribute the hash-rate and maintain viable eco-system. I hope so. I think all hardware makers will be having difficulty selling their gears since BTC prices are low and keeps going down, like other members said here you might be better off buying BTC, I am waiting for my refund to hit my bank account from KNC then I will decide what to do and waiting for you guys to deliver to some members here so that we could see more reviews etc. |
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I am sure your company has not been around as long as KNC so you never know, you might also go the route that KNC went, You'll be surprised what effect money could have on human beings, in 6 months or a year your Company Owner might say f___k the customers, let's use customer's money and build a mining center, no guarantees or how can we know that you don't have a sister company that gets the hardware first?
I wish your pricing was better, the mining business changes very rapidly, you need to provide pricing so that we could get our ROI in several months, no in a year.
if spondoolies want to be a viable business, they will surely not go the same route as KnC. have you seen the sheer number of refunds those scam-merchants have in? I don't think the 'KnC route' is a viable long term business model - more a 'get rich quick' scheme. Yes, I seen the sheer number of refunds, I also requested a refund the other day, some people do want 'get rich quick'. |
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Just remember that secrets work both ways: how would you like it if someone said it was an 'open secret' that you're using asicminer chips? I think you owe the KNC people an apology.
We're developing our own ASICs. We're transparent from the get go. Unlike KNC: - We don't publish "Q1/Q2" shipping dates. - We don't mine and compete with our customers. - KNC knows they won't be able to ship on Q2. This is why they came up with 'Plan B' - Guess when they'll finally offer the hosting alternative. Probably the last day of Q2From here: https://www.kncminer.com/news/news-82... The first customers (batch 1) are expected to be hashing in our data center in early June and the last customer will hash in our data center around the last week of June. All the customers will be able to hash in that data center for as long as we are late in shipping your Neptune product, this service will be provided on a best effort basis... KNC can provide the entire hash-rate to their customers right now. They've chosen not to do so and directly compete with their customers. This kind of business practice we're committed to root out. We have long catch up to do, but we are determined to turn the below into useless pile of junks (i.e. obsolete and below electrically break-even) by delivering on-time much more power efficient hardware. I am sure your company has not been around as long as KNC so you never know, you might also go the route that KNC went, You'll be surprised what effect money could have on human beings, in 6 months or a year your Company Owner might say f___k the customers, let's use customer's money and build a mining center, no guarantees or how can we know that you don't have a sister company that gets the hardware first? I wish your pricing was better, the mining business changes very rapidly, you need to provide pricing so that we could get our ROI in several months, no in a year. |
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Your May SP10 2 unit bundles, could you give us more specific shipping date, May 1st, 15th or May 31st.
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Has anyone who paid in USD wire been able to get a refund in BTC?
I asked to be refunded in BTC, they said no so I emailed them my wiring instructions today, lets see how long it will take. |
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Did you guys consider that you probably would sell more hardware that is instock then a set of pre-orders would indicate?
You have a vast larger customer base to sell to, if you dont do pre-orders.. or as gigavps indicated... a 10% downpayment would be acceptable to me.. with a 90% payment when the hardware is READY TO SHIP.
Unfortunately, no magic wand to increase production capacity overnight. It takes 2-3 months of lead time, as explained. We've took the risk for SP10 ahead of our launch. We can take limited quantities risk for SP30 as well. Would it be better in your opinion to not allow pre-ordering of SP30 at all? Wait until August to sell them ? We believe we have a compelling products and customers do want to get priority access. As explained, different payment terms are possible for bulk quantities. Yes, I like to see guys do NO Pre-Order on the SP30, listen to your buyers and members here, go the way Bitmain does it, sell what you have in stock, make more machines, use your money to pay for parts/labor/salaries/bonuses etc. etc. then make machines in stock again and sell more, repeat cycle period. |
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It's also a matter of quantities. 1,000 batch of SP30 is doable without any particular problem. Do you expect us to take the risk, for say, 5,000 SP30 ? Do you understand the amounts involved ? For bulk quantities, we do allow different payment terms. Contact as at sales@spondoolies-tech.comUnlike other companies or semi-companies, we don't hide. Visiting our offices and production facility can be very easily arranged. We already had visitors from around the globe. You are in the business of making hardware and selling them for profit and you are well aware of this market, Your team is very smart and know what they are doing, I am very confident that you are well aware of the the business risks, Why should we take the risk, there is always risk, use the funds you raised from your investors to build 1000,2000 or as many machines as you think you could sell then sell them with 1 week delivery then build more machines and sell more, cycle continues, like other members said here why Bitmain does it and you can't. I ordered a Neptune from KNC late Dec and would never ever buy a Pre-Order, will be asking for my refund for the Neptune. I believe that your company has a great product but these Pre-Order stuff needs to stop and if more customers don't Pre-Order then you will be forced to use a different model.. |
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I just switched mining pools to BTC Guild but even though the pool dashboard shows that I am hashing around 1.2TH, the BTC Earned is all zeros, any idea when the Pool will show earnings, I know 1.2TH is supped to make around .09 BTC/day.
Am I missing something?
Thank you
You don't start getting paid until a shift has been completed. Read up on it here https://www.btcguild.com/index.php?page=support§ion=howamirewardedThank you for the info, new to this, from my dashboard I was part of 2 shifts with very small % of ppln shits but still don't see anything on my BTC Balance, just curious how long it will take for any BTC to appear in my account. It should start stabilizing after 24hrs +10 shifts Thank you, very small amount of BTC just showed up. |
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