This thread makes me sick, KnC Fucked the community over and you scum bags support them!
Fucking blind, IGNORANT sheep!
Did you sell your titan(s) on ebay for $2000?? Nope, I didn't touch them with a barge pole because im not a fucking idiot! Correction, An idiot is someone who does not know law, I should say stupid! As for you other fruity loops, YOUR STILL SUPPORTING THEM! And they were bad from the start and this was ALWAYS the plan. Your the mugs with it written on your heads, Not me Hahaha Someone needs to ban this guy from this forum. He's creating too much bad karma here. |
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I guess that the best way is if we find a solution with KnC before a trial. For an example, I don't think 3 btc is a fair amount instead of a Titan batch 2. If we find an other solution where they pay some more, I/we might agree with that. In that case, we don't need to go to trial. But if I know KnC enough I don't think they will pay a satoshi more then 3 btc. If my bound is $8000 and if I'll get $4000 it's still better then nothing. But as you said it's no guarantee that we get the amount we request. If they put them self into bankrupt, may so be. Then you loose the bound of $1000. If you don't have thoose money or if that amount is too big for you. Perhaps this isn't for you. And ofc there are other things that could happen. But sometime you need to do some things that isn't what you calculated with. That's life I guess!  Even if I only get $100 back, I will tell you for sure that it was worth it! Because I now that I at least did what I could. Dude. There's no point wasting your time explaining things over and over to the same people in this thread. They just will not listen. Its like the Alpha-T thread all over again. Some people will always have an excuse to bend over and take it, others will fight no matter what. That's just the way the world is. Notlist3d keeps going on about the same shit over and over despite being told it is illegal in Sweden to take no win no fee cases. Its also been explained that the court decides what reasonable costs of litigation are so KNC will be liable for the extra cost if they hire 50 lawyers at 50k each. Instead of doing actual research, or listening to people that have, the same people keep coming here posting the same nonsense over and over. Leave them to it. If they are happy to have KNC shit on them and do nothing about it, it's really not up to you or anyone else to convince them otherwise. I'm going back to lurking, I wasted far too much time on the Alpha thread and this thread seems to be going the same way. |
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Did anyone take back 3 btc
I didn't for sure! But I know that I saw someone in this thread that wrote that he did it. No the only way to get some more back is trough the group action against KnC. 2 lawyers from Sweden and 1 from USA. http://kncclassaction.com/You realize if KNC goes bankrupt in the process you will lose your retainer ($1,500.00 ish USD) with these lawyers. You'd be better playing poker at a casino! Lets play this as a poker game. The pot is $12000. Your call to win this pott is $1800 (retainer of 15%, might even be lower). You should always take this call if your chance to win the pot is 1/6 or better. And do you think that the chance to win against KnC is lower then 1/6?? In my opinion the chance to win is mutch better! I havn't any experience from lawyers and the court. But of course there are some risks. Of course there are a risk to loose the case. But I dont think that KnC wins this 5 times of 6 (5/6), I do rather belive that we win this is 5 times of 6! And bankrupt? I will celebrate if they goes bankrupt! But I don't think they will do that. Some weeks ago this news came: http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1The name of that cerificate is XBT Provider AB, it's a part of KnC Group (where KnC Miner is included). And some month ago they got a huge amount from investors. And if you lose case you lose that + other's legal fee's it sounded like. And a security bond. So if you lose.... wow world of hurt.
And since the lawyers choose to get paid up front in retainer and not out of winnings, they win no matter what.
"So if you lose.... wow world of hurt" Wow very dramatic sentence! But ofc it's true that if we loose the case WE in the group action will need to pay some "fees" and trial costs. But that amount isn't compared with a "world of hurt". I have some mail conversation with Joakim Strignert. I asked him specifically about this question. What he estimate and if we count high (everything goes wrong)/your world of hurt is: We win in the district court. KnC appeal to the next instance, and they wins. In that case we need to pay all of it. If we count that 50 people joins the group action and the cost are $50K. Each of us will need to pay $1000 in trial cost. Ofc everyone that consider to join the group action needs to take this in his or hers equation. A bad scenario will be something like this: Retainer $1000 + trial cost $1000 = $2000 $2000 to win $12000 = 1/6. And as I said before. I don't think that we win this case 1 of 6 times. If it isn't 6/6 I think it is at least 5/6. For me it's good odds even when we count high! But I can feel bad for those that however they do they can't take a risk. Even if we got the odds on our side, and even very good odds. There is no guarantee that you will win $12,000. The courts could still say the max pay out below the requested amount, or better yet KNC could position themselves to go into bankruptcy if any verdict is handed down, in that case the company they owe money to such as their chip builder would get access to the money first then those who sued them would get whatever was left which might work out $350 per person. Is it really worth it? There is so much more that can happen in the court of law that you end up holding the short end of the stick. This whole idea that if you give someone $1800 that you'll get $12,000 has been done before and has always turned out be a scam. You know what they say about things that are too good to be true right? This is one of those things. Good luck! |
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Did anyone take back 3 btc
I didn't for sure! But I know that I saw someone in this thread that wrote that he did it. No the only way to get some more back is trough the group action against KnC. 2 lawyers from Sweden and 1 from USA. http://kncclassaction.com/You realize if KNC goes bankrupt in the process you will lose your retainer ($1,500.00 ish USD) with these lawyers. You'd be better playing poker at a casino! |
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Price works out to 0.08BTC for 3.6GH/S.. Wow.
I think the days of USB miners even possibly pulling ROI is completely out of the picture.
I think these are neat little devices.. don't get me wrong. The design is neat and the speed is ok though.
Maybe for a collector of mining hardware or people first getting into BTC it would be ok.. But it will never mine .08BTC.
Using anything to get ROI from mining bitcoin is impossible today. There is someone mining at Bitminter who has a 500TH setup, do you think he/she will ever hit ROI? At this stage Bitcoin mining is a hobby for some and a long-term investment for others. No one expected the price to climb to $1200 when it did. It will do it again the question is when. Since the writing is on the wall that the US economy (and it's empire) will crash there is no reason not be mining bitcoin. I don't like to delete comments so I won't. But if we could please keep thread based on the Nano's vs ROI in general. As ROI in general is a completely different topic unless your talking about Nano ROI. Nano ROI? - ROI means Return On Investment. Regardless how big or little (Nano) the investment is still ROI, so I am not sure what the big deal is? |
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any voltage settings for 200mhz or somewhere around this number? is it normal for some asics to drop off, to come back, or to be at half wattage?  thx! Default should be at 450mhz per miner on the Neptune. If you see them falling off it either because there is a problem with the PSU, or the cube(s) them self. |
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Price works out to 0.08BTC for 3.6GH/S.. Wow.
I think the days of USB miners even possibly pulling ROI is completely out of the picture.
I think these are neat little devices.. don't get me wrong. The design is neat and the speed is ok though.
Maybe for a collector of mining hardware or people first getting into BTC it would be ok.. But it will never mine .08BTC.
Using anything to get ROI from mining bitcoin is impossible today. There is someone mining at Bitminter who has a 500TH setup, do you think he/she will ever hit ROI? At this stage Bitcoin mining is a hobby for some and a long-term investment for others. No one expected the price to climb to $1200 when it did. It will do it again the question is when. Since the writing is on the wall that the US economy (and it's empire) will crash there is no reason not be mining bitcoin. |
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Am I reading this right?
People are still buying Neptunes when KNC are at the brink of launching the 16 nanometer cloud and have stopped any & all support of previous products?
Amazing how people will buy machines BEFORE doing any research.
Your only hope is a BTC price hike to thousands of dollars before the diff jumps again. .... Good luck with that.
Worrying about a few Gigahashes is so futile... It's shear insanity!
Do the math... a Neptune purchased now will likely never ROI... ever. Not even with free electric.
To a lot of people bitcoin is a a hobby, so they know they will never get ROI with and or without free power. Instead is a long-term investment. Bitcoin has survived this long even with the governments showing their disinterest in it and the media's attempt to distant everyone who doesn't know enough about Bitcoin from it. It's still here today and it will still be here once the US economy tanks. No one not even you for saw it rise to $1200 before it happened, so there is a very good chance it will happen again. If you dislike Bitcoin that much sell me yours for $0.05 a coin so i can collect them! |
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So has KNC officially pulled down their forum because i don't see a link for it anymore?
exactly.... no more hardware....and no more support.. no more forum. They plan on milking the cloud from now on. We may see old cloud-Neptunes after the 16nm have been deployed and the 28's become obsolete... Then expect a fire-sale of old outdated stuff to institutional buyers. All the lawsuits from private individuals aren't worth the trouble anymore. They still must be warrantying their Neptune warranties? |
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So has KNC officially pulled down their forum because i don't see a link for it anymore?
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I want to sell my bonus Neptune which should be sent out soon for $1000. Anyone interested?
including psu that's close to a brand new SP31 which does 4.9TH. And what you are selling is most probably very used. There is no proof of that yet. My bonus miner is coming from the same place my original did in Sweden. And is the SP31 shipping right this moment or do you have to wait 5 months? |
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I want to sell my bonus Neptune which should be sent out soon for $1000. Anyone interested?
I'll offer you $29.99 for it! |
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Just paid ~$226 ($299.92 NZD) import duty for my bonus Neppy (scheduled for delivery on 2 March). The declared value was $1,370.
I must admit, I had a moment there thinking... is it worth paying $300 for this thing? Then I just paid it. It'll be handy for the coming winter here in the Southern hemisphere.
Would have been awesome to get this back in August 2014. Now... not so much.
You will find that KNC will not accept the miner back. Your better off just paying the duty and selling it. So they declare the value as 1370. How much did you pay? You pay whatever the duty tax is in your country. In Canada that 13%. I am not sure what it is in the US. |
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Just paid ~$226 ($299.92 NZD) import duty for my bonus Neppy (scheduled for delivery on 2 March). The declared value was $1,370.
I must admit, I had a moment there thinking... is it worth paying $300 for this thing? Then I just paid it. It'll be handy for the coming winter here in the Southern hemisphere.
Would have been awesome to get this back in August 2014. Now... not so much.
You will find that KNC will not accept the miner back. Your better off just paying the duty and selling it. |
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It seems that KNC is holding to their word. I just received an UPS confirmation that my 2nd free miner is being shipped.
I am batch2 customer, I may just sell it though when it gets where to recoup some of the money.
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it all depends on how many inputs you have!
What wallet are you using?
Bitcoin QT |
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I need to send 4BTC's to a friend of mine, I have 4.43249255 total, how do I figure out what I need to send with the fee?
Thanks
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I don't care what some "reporter" has to say. The media is corrupted, they are owned by the corporations and told what they should should write. Just remember every story had 3 sides. Thanks |
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For those suing KNC be careful because you can't say "because the of the price drop in Bitcoin" I lost money. Unfortunately that's the risk you take with big investments. Granted KNC couldn't keep their promise on the time of delivery which is what you can sue them for as a corporate or personal loss. In the end the Judgement might be based in Bitcoins based on the price of Bitcoins today, not the price they once where.
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Look's like Kurt is gonzo or has less involvement with KNC now. I see two new guys in the their forums that seem to be doing a decent job with normal questions, Keith and Liam. Also their is new binary for the Neptune's (V1.06) and sadly KNC is just getting around shipping the bonus miners.
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