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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007775 times)
KS
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September 26, 2013, 12:01:03 PM
 #10861

Yep, everyone is on tenderhooks, and it's difficult to make people relax a little.

Oh, and by the way, a very good article, highly recommended: http://www.investopedia.com/terms/r/returnoninvestment.asp



In other words, you don't make a ROI in much the same way that you don't make GH/s. ROI is a performance measurement. Now I'm done with the topic of ROI Wink



Please stop this immediately. This information is too accurate for this thread.

What, are you insane or sth?Huh Immediately revert to FUDing or else... !

(next thing someone will be explaining Lynx to the pre-webschoolers! OMG!)

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September 26, 2013, 12:03:53 PM
 #10862

The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.

so we (1/2 day) can't ask for refund?
plasmoske
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September 26, 2013, 12:04:03 PM
 #10863

Ummm.   Tried to change the shipping address for my Jupiters.  Received this response:



As we are very close to the production date, all October orders have been finalized and sent for production.
 
The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.

That makes absolutely no sense at all.
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September 26, 2013, 12:05:01 PM
 #10864

Yep, everyone is on tenderhooks, and it's difficult to make people relax a little.

Oh, and by the way, a very good article, highly recommended: http://www.investopedia.com/terms/r/returnoninvestment.asp



In other words, you don't make a ROI in much the same way that you don't make GH/s. ROI is a performance measurement. Now I'm done with the topic of ROI Wink

Look everybody knows this formula already, but your conclusion makes no sense whatsoever. You can absolutely make a Return on your Investment, saying that's incorrect because there's a formula behind those words is just silly. When people talk about 'making or achieving ROI' they obviously mean positive ROI as negative or 0 ROI is not a 'Return on your Investment'. Get this simple fact through your head please, I'm sure you're smart enough to understand it.
Get some help.
The Avenger
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September 26, 2013, 12:06:34 PM
 #10865

Ummm.   Tried to change the shipping address for my Jupiters.  Received this response:



As we are very close to the production date, all October orders have been finalized and sent for production.
 
The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.

That makes absolutely no sense at all.
I think you are seeing the "no mass refund" clause in action. Although it could be they are ultra-close to shipping

"I am not The Avenger"
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nightengale
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September 26, 2013, 12:07:32 PM
 #10866

The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.

so we (1/2 day) can't ask for refund?

I wondered if this meant that refunds were closed, possibly even for all days? I know the 1/2 day thing is a badge of honor, but my payment was submitted before a number of 1/2 people, and I don't really think there's going to be much difference in shipping times as it sounds like they'll be pushing a ton of their stuff out the door all at once.
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September 26, 2013, 12:13:10 PM
 #10867


As we are very close to the production date, all October orders have been finalized and sent for production.
 
The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.
 
If you have any further questions please do not hesitate in contacting us.
 
Best regards  | Med vänlig hälsning  
Keith Gurnett  
Kncminer

www.kncminer.com
Office: +46 8559 253 20




wow, no refunds.

BFL style.
pitchbend
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September 26, 2013, 12:14:54 PM
 #10868

I'm a day1 customer and I was able to change from shipping to local pickup, I requested it on Monday (23rd).

The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.

so we (1/2 day) can't ask for refund?
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September 26, 2013, 12:16:32 PM
 #10869

+1  We'll use "making ROI" however we choose to use it, thanks...

Sure.  Grin No problem.

Everybody! Rush in to buy Bitcoin miners now! They will all make ROI!!! (in the sense 99.999999% of the economic-savvied population uses the term)



For some reason I find the message that they've finalised shipment addresses reassuring. I think refunds were not mentioned in that reply.

#101Life
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
efodix
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September 26, 2013, 12:16:54 PM
 #10870


As we are very close to the production date, all October orders have been finalized and sent for production.
 
The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.
 
If you have any further questions please do not hesitate in contacting us.
 
Best regards  | Med vänlig hälsning  
Keith Gurnett  
Kncminer

www.kncminer.com
Office: +46 8559 253 20




wow, no refunds.

BFL style.

Yeah, I was just going to say that, the slow drift from euphoria to desperation really reminds me of the hell I'm in with my BFL orders. The "all sales are final" thing sounds way too familiar. I bet the next announcement will be something like "in two weeks".

[url = https: //bitcointalk.org/index.php? topic = 2159012.0] ⚡ Semux ● Free Airdrop ● NO ICO ● Первый Java-based BFT Blockchain [/ center]
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September 26, 2013, 12:17:40 PM
 #10871

Quote
The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.

I requested the shipping change yesterday and had that reply waiting for me this morning.  Note that it does not say "no refunds", just that shipping info can't be changed at this point.

Sounds like we're getting very very close to actually shipping these.  This is a good thing, I think.
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September 26, 2013, 12:18:15 PM
 #10872


As we are very close to the production date, all October orders have been finalized and sent for production.
 
The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.
 
If you have any further questions please do not hesitate in contacting us.
 
Best regards  | Med vänlig hälsning  
Keith Gurnett  
Kncminer

www.kncminer.com
Office: +46 8559 253 20




wow, no refunds.

BFL style.

The text you highlighted does not explicitly say "no refunds".

#101Life
Save Donbass

“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
timmmers
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September 26, 2013, 12:18:49 PM
 #10873

Can you imagine how many refunds they may be asked for if they miss the end of the month and still no news?
No wonder they would wish to stop people requesting refunds if they can manage it with a valid reason.

I'd say a cancellation is a pretty major change of an order wouldn't you?  Cheesy
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September 26, 2013, 12:19:58 PM
 #10874

Repost - best reddit comment in a long time
http://www.reddit.com/r/Bitcoin/comments/1mgh0s/well_despite_all_the_talk_of_never_seeing_a_roi_i/cc91870
Quote from: historian1111
People need to STOP using fiat exchange rates to calculate mining profitability. Doesn't matter if you use USD/EUR/YEN/POUNDS.
Think about what you're actually doing when you buy a mining device. You are buying a machine that does one thing and one thing ONLY, it makes bitcoins. Infact, for all intents and purposes, it only makes a finite amount of bitcoins.
If you are smart, you can calculate how many bitcoins your miner is likely to ever make. If you buy a miner for 100BTC, and it only mines 90BTC, then you have lost 10BTC.
Now heres the trick that manufacturers do to rip off the uninformed. They have calculated that the miner will only make 90BTC, so instead of plugging it in and running it for a year or so, they try to sell you the miner for 100BTC! Not only do they get 10BTC more, but they get their return right away. (The time value of money is also valuable)
So instead of selling the miner to you at 100BTC, they just say '$10,000' (assuming the exchange rate was $100/btc). This tricks most people into trying to worry about what the future exchange rate is. But its actually irrelevant!
Why? Because with your $10,000 you could buy 100BTC right now on an exchange, instead of buying a miner that will only return 90BTC to you. So, you're effectively paying $10,000/90 = $111 per BTC instead of $100 per BTC. You just got ripped off.
When you buy a miner that does not ROI in BTC terms, you are basically paying a higher exchange rate then you can get today on MTGOX.
Another way to look at is, is imagine that I tell you to send me 100BTC or $10,000, and in return i'll give you 90BTC back. Only an idiot would say "don't worry, even though i got 90BTC back, i'll make up for it when the exchange rate goes up! " You're still missing out on 10BTC that you would have if you just bought on MTGOX!

Assuming someone would have bought BTC instead of ordering a miner is not a safe assumption. People can argue all they want about *should have*, but until someone invents a time machine, it's a moot point.

Paying for a miner in USD when you wouldn't have otherwise purchased BTC with it means a BTCUSD price rise is meaningful in terms of ROI.

Hive, a beautiful wallet for Mac OS X, now available for testing. Follow the story here.
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xstr8guy
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September 26, 2013, 12:20:12 PM
 #10875

pfuuu...seems like most are missing a tiny but very important fact when shouting at each other, which could relax the whole situation dramatically.

Please consider there are several kind of people involved.
Not all are in the same position, we all are individuals keep it in mind before starting the next fight.

1) ppl who do not care that much about ROI, some have fun mining and to be part of the cryptocoin movement....


Some fun paying 5000$ so that drug dealers and gamblers can have a safer payment system. I'm sure most people could find better hobbies than that. Like getting drunk on a weekend and spending what's left on a pair of russian hookers. Both hobbies result in a same financial loss, but one leaves you with memories of awesomeness while the other pretty much sums up to..well..nothing.

Why are you posting on a Bitcoin forum then?  Get lost!
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September 26, 2013, 12:33:57 PM
 #10876

pfuuu...seems like most are missing a tiny but very important fact when shouting at each other, which could relax the whole situation dramatically.

Please consider there are several kind of people involved.
Not all are in the same position, we all are individuals keep it in mind before starting the next fight.

1) ppl who do not care that much about ROI, some have fun mining and to be part of the cryptocoin movement....


Some fun paying 5000$ so that drug dealers and gamblers can have a safer payment system. I'm sure most people could find better hobbies than that. Like getting drunk on a weekend and spending what's left on a pair of russian hookers. Both hobbies result in a same financial loss, but one leaves you with memories of awesomeness while the other pretty much sums up to..well..nothing.

Why are you posting on a Bitcoin forum then?  Get lost!

He's making the simple point that "fun" is not a thing a lot of people mine BTC for. For some it's an investment for the future for example.
Why are you telling people what to do when their reason to be involved in BTC is just different from yours?
He's right about most people could find better hobbies too, especially that some people really do need to get laid. It's a much more pleasant way to get screwed Wink
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let's have some fun


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September 26, 2013, 12:37:25 PM
 #10877

those guys heading for profit are mentioned as well in my post, but are cut off from the quote

https://bitcointalk.org/index.php?topic=170332.msg3238290#msg3238290

*edit:
this 'gambler & drug dealer' talk is so nonsense since most crime takes place with anonymous fiat, no ?

!! File Complaints Against KnCMiner NOW !!
..and Thou shalt spread the coin in the name of cryptography for eternity
Micky25
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September 26, 2013, 12:43:20 PM
 #10878

The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.
Never heard of such a procedure. Is this standard?
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September 26, 2013, 12:49:02 PM
 #10879

The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.
Never heard of such a procedure. Is this standard?

It's not uncommon for large shippers to generate shipping labels before actually packing your order.

Hive, a beautiful wallet for Mac OS X, now available for testing. Follow the story here.
BitcoinKit.framework and Tor.framework, now available to iOS and Mac OS X developers
Tweeting at @hivewallet. Donations appreciated at 142m1MpXHhymF4aASiWwYohe1Y55v5BQwc
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September 26, 2013, 12:52:05 PM
 #10880

The shipping addresses have been forwarded to UPS and registered in the system for shipping. Therefore, any changes of orders cannot be accepted.
Never heard of such a procedure. Is this standard?

Short answer: yes.
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