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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006712 times)
thomashrev89
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October 16, 2013, 11:17:41 AM
 #16481

Is there any thread on class action against KnC? I think the things went so wrong that damages and losses will be significant. I think  it's high time to hire some Swedish law firm to send KnC a letter. Are there any Swedish people here ?
 

you have been reading to many BFL threads.

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Searing
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October 16, 2013, 11:18:26 AM
 #16482

Status shipped since approx. 20 hours and no further action.  Huh


ditto but I also showed some activity on the pool I submitted to them to test the miner on....yourself? did you check your pool?

on the other hand no email no tracking number (although it is  6:17am here in usa Midwest) so UPS may not have kicked that out yet

anyway it seems to have mined .005 on my account and status says 'shipped'

but I also have nothing else yet

Searing

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timmmers
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October 16, 2013, 11:19:56 AM
 #16483

That UPS trojan is common. I've had quite a few arrive and also FedX ...into various mailboxes including some I rarely use. They are just fishing. Hoping they'll find some poor soul waiting for a package who'll open it without thinking. I'd leave it and maybe call KnC , they'll know if it shipped easily enough. Smiley
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October 16, 2013, 11:20:28 AM
 #16484

Is there any thread on class action against KnC? I think the things went so wrong that damages and losses will be significant. I think  it's high time to hire some Swedish law firm to send KnC a letter. Are there any Swedish people here ?
 


well on hosting I assume you will be compensated..that too is my viewpoint..w/o such you may have a case..

on the shipping of units if they are correct say 1 week late..and they gave you 150gh more hash then you paid for...don't think your gonna get too far on that under that scenario

no hate just my opinion

Searing


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robix
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October 16, 2013, 11:23:11 AM
 #16485

Status shipped since approx. 20 hours and no further action.  Huh


ditto but I also showed some activity on the pool I submitted to them to test the miner on....yourself? did you check your pool?

on the other hand no email no tracking number (although it is  6:17am here in usa Midwest) so UPS may not have kicked that out yet

anyway it seems to have mined .005 on my account and status says 'shipped'

but I also have nothing else yet

Searing

Also had a little activity on my named pool account. But that was it, no tracking information. E-mailed today, but no response yet.
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October 16, 2013, 11:28:20 AM
 #16486

Status shipped since approx. 20 hours and no further action.  Huh


ditto but I also showed some activity on the pool I submitted to them to test the miner on....yourself? did you check your pool?

on the other hand no email no tracking number (although it is  6:17am here in usa Midwest) so UPS may not have kicked that out yet

anyway it seems to have mined .005 on my account and status says 'shipped'

but I also have nothing else yet

Searing

Also had a little activity on my named pool account. But that was it, no tracking information. E-mailed today, but no response yet.

well let us know...my order was 304x shipped it says approx. from the activity on my account say 20hrs or so also ....hope you get a reply (could just be time line diff)

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robix
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October 16, 2013, 11:30:44 AM
 #16487

Status shipped since approx. 20 hours and no further action.  Huh


ditto but I also showed some activity on the pool I submitted to them to test the miner on....yourself? did you check your pool?

on the other hand no email no tracking number (although it is  6:17am here in usa Midwest) so UPS may not have kicked that out yet

anyway it seems to have mined .005 on my account and status says 'shipped'

but I also have nothing else yet

Searing

Also had a little activity on my named pool account. But that was it, no tracking information. E-mailed today, but no response yet.

well let us know...my order was 304x shipped it says approx. from the activity on my account say 20hrs or so also ....hope you get a reply (could just be time line diff)

I don't think so. I guess they didn't go out yesterday. Maybe we get tracking infomation today.

Edit: yesterday CEST
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October 16, 2013, 11:33:37 AM
 #16488

Status shipped since approx. 20 hours and no further action.  Huh


ditto but I also showed some activity on the pool I submitted to them to test the miner on....yourself? did you check your pool?

on the other hand no email no tracking number (although it is  6:17am here in usa Midwest) so UPS may not have kicked that out yet

anyway it seems to have mined .005 on my account and status says 'shipped'

but I also have nothing else yet

Searing

Also had a little activity on my named pool account. But that was it, no tracking information. E-mailed today, but no response yet.




well let us know...my order was 304x shipped it says approx. from the activity on my account say 20hrs or so also ....hope you get a reply (could just be time line diff)

I don't think so. I guess they didn't go out yesterday. Maybe we get tracking infomation today.

Edit: yesterdy CEST

perhaps but mine said shipped so it is like 1pm in Sweden or some such so if nothing else I assume ship'd means its waiting for the truck if not on one (could be wrong thou) or why change the status from processing to shipped from last what it was at last Friday till yesterday

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augustocroppo
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October 16, 2013, 12:02:01 PM
 #16489

I saw a post recently where one block had over 200 BTC in TX fees. That should be EVERY block, and it would be if BTC were a mainstream currency. Then you wouldn't be worrying about short term ROI, as every block would be significantly more powerful than simply it's block reward.

You are exaggerating.

Wider utilization of the Bitcoin Network is not a factor to predict increase/decrease in the volume or price of the transaction fees.

You think that transaction fees should generate 200 BTC because you are assuming the case you saw was a result of ordinary collected fees. That is not true and the average fees generated by a block are less than the reward of 25 BTC.

E.g.

If 200 BTC had been generated by only minimum transaction fee, that would mean:

200 / 0.00050000 = 400,000 transactions

Assuming that a block is generated in average each 10 minutes (600 seconds), that would result in:

400,000 / 600 = 666.6...

In other words, you are assuming the Bitcoin Network had a block which was generated by 666.6... transactions per second.

This is absurd.

At the present moment, 12:47 GMT +0, the Bitcoin Network processed 57,155 transactions in the last 24 hours. That means 0.66 transactions per second:

57,155 / 86,400 = 0.6615162037...

Step down of your soapbox and rethink about your hypothesis, because you are not providing a good background for your claim. You forgot to consider that 200 BTC transaction fee could be the result of a mistake:

https://blockchain.info/tx/b18abce37b48a5f434f108ae7ce34f22aa2bfbd9eb9310314029e4b9e3c7cf95

http://www.reddit.com/r/Bitcoin/comments/1lb5my/asicminer_refunds_the_accidental_200_btc/

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ASICMiner refunds the accidental 200 BTC transaction fee. Friedcat is a true hero of the Bitcoin community
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October 16, 2013, 12:09:53 PM
 #16490

Wider utilization of the Bitcoin Network is not a factor to predict increase/decrease in the volume or price of the transaction fees.

Wider utilisation does mean more transactions, so it does effect the volume of transactions. The percentage of transactions which include a fee, if any, is determined by:

  • Pool operators' willingness to changed their bitcoind settings to prioritise fee paying transactions.
  • Wallet developers' UI designs coaxing users to pay a higher fee.
  • Payment gateways (such as Bitpay) doing the same.

Satoshi predicted that transaction fees should inflate as the block reward diminishes. With the ridiculous costs facing us miner mugs, now seems like a good time for that to occur. Feel free to lobby your favourite pool operator :-)

https://bitcointalk.org/index.php?topic=95837.0

"How are you justifying these as fair use?  They are clearly and unequivocally a copyright violation."
"I really want to know how you justify that under the fair use doctrine?  It does not conform to a single point of fair use."
Josh whining about people reusing his studio portrait shot on this forum. Can you copyright a copyright complaint? All Paypal refunds are final.
Renaud
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October 16, 2013, 12:16:05 PM
 #16491

I just received the DHL tracking number for my order (paid the 9th of July). My order status is still "In Progress". KnC definitely needs to improve their order process which trigger lots of customer questions...

Bitrated user: Renaud.
l3sny
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October 16, 2013, 12:25:57 PM
 #16492

Is there any thread on class action against KnC? I think the things went so wrong that damages and losses will be significant. I think  it's high time to hire some Swedish law firm to send KnC a letter. Are there any Swedish people here ?
 


well on hosting I assume you will be compensated..that too is my viewpoint..w/o such you may have a case..

on the shipping of units if they are correct say 1 week late..and they gave you 150gh more hash then you paid for...don't think your gonna get too far on that under that scenario

no hate just my opinion

Searing


There has been not a word about the compensation for the hosted units in TandC. They however compensated them. What about the other customers ? I do not mind being compensated in hardware.


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October 16, 2013, 12:26:53 PM
 #16493

No responses for two days now on email sent to customer service. Status changed to "Shipped" yesterday, but have no tracking information.  Order #26XX with pay date June 24. Frustrating.
loktang1125
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October 16, 2013, 12:27:27 PM
 #16494

Diff adjusted to 267,731,249
l3sny
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October 16, 2013, 12:29:24 PM
 #16495

Is there any thread on class action against KnC? I think the things went so wrong that damages and losses will be significant. I think  it's high time to hire some Swedish law firm to send KnC a letter. Are there any Swedish people here ?
 

you have been reading to many BFL threads.

Silence is better than bullshit. Digest on that.


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IDivi ProjectI
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ICO
◆◆◆◆◆◆◆◆
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October 16, 2013, 12:30:09 PM
 #16496

I just received the DHL tracking number for my order (paid the 9th of July). My order status is still "In Progress". KnC definitely needs to improve their order process which trigger lots of customer questions...


Sure about DHL Tracking Code? Thought they would send with UPS? Or are you a german customer like me? :-)
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October 16, 2013, 12:30:46 PM
 #16497

Wider utilisation does mean more transactions, so it does effect the volume of transactions.

Well, let me repeat to you, in other words: increase/decrease in the volume of transactions is not directed correlated to wider utilization. There can 1000000 users doing 100 transactions per second, as there can be 100 users doing 1000000 transactions per second. Do you got it? So your claim is far from accurate. Wider utilizations can mean more or less transactions.

Quote
The percentage of transactions which include a fee, if any, is determined by:

...and what percentage is that?

Quote
Pool operators' willingness to changed their bitcoind settings to prioritise fee paying transaction fees.

That will not happen. The tendency is pay less fees as possible.

Quote
Wallet developers' UI designs coaxing users to pay a higher fee.

That is happening, but it will find resistance to increase to a point where transactions fees are bigger than the block reward.

Quote
Payment gateways (such as Bitpay) doing the same.

That have nothing to do with the transaction fees discussed since payment gateways are not "miners".
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October 16, 2013, 12:39:45 PM
 #16498

I just received the DHL tracking number for my order (paid the 9th of July). My order status is still "In Progress". KnC definitely needs to improve their order process which trigger lots of customer questions...

339x paid July 7th, no mining activity, no shipping, no nothing, no surprise.
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October 16, 2013, 12:49:07 PM
 #16499

Wider utilisation does mean more transactions, so it does effect the volume of transactions.

Well, let me repeat to you, in other words: increase/decrease in the volume of transactions is not directed correlated to wider utilization. There can 1000000 users doing 100 transactions per second, as there can be 100 users doing 1000000 transactions per second. Do you got it? So your claim is far from accurate. Wider utilizations can mean more or less transactions.

Quote
The percentage of transactions which include a fee, if any, is determined by:

...and what percentage is that?

Quote
Pool operators' willingness to changed their bitcoind settings to prioritise fee paying transaction fees.

That will not happen. The tendency is pay less fees as possible.

Quote
Wallet developers' UI designs coaxing users to pay a higher fee.

That is happening, but it will find resistance to increase to a point where transactions fees are bigger than the block reward.

Quote
Payment gateways (such as Bitpay) doing the same.

That have nothing to do with the transaction fees discussed since payment gateways are not "miners".


No need to go point by point. Utilisation can mean anything you want it to. If more people start using Bitcoin and buying and selling more goods the number and sum value of transactions will increase. This sounds like a good definition to me :-)

You can create SatoshiDice examples which work the other way and use that prove your point if you want.

I don't have the tools to calculate the percentage of transactions which include a fee. Do you? I asked the very same question on the developer forum:

https://bitcointalk.org/index.php?topic=309793.0

Looking at a recent block, you can see people/machines have different ideas of a reasonable fee:

http://blockchain.info/block-index/426239/0000000000000004604489e4e1788c16479c60c37f55671ddca4cf2706915a95

Generally less than 0.0001 BTC by my eye-balling. Pool operators do whatever gets them the most miners. If they started advertising their mintxfee settings, then miners could make a decision about which pool to join based on that. I'd personally join a pool which encourages a higher fee than the status quo with the long term goal of raising fees.

Payment gateways generate transactions and can add a fee to a transaction, I think you misunderstand at which point the fee is added. as another example, some of the exchanges already charge their own withdrawal fees, but you can guess that they aren't adding a percentage of that to the transaction fee, which perhaps they should :-)

I think your two replies have been a little condescending. Better to discuss rather than attack.

"How are you justifying these as fair use?  They are clearly and unequivocally a copyright violation."
"I really want to know how you justify that under the fair use doctrine?  It does not conform to a single point of fair use."
Josh whining about people reusing his studio portrait shot on this forum. Can you copyright a copyright complaint? All Paypal refunds are final.
WastedLTC
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October 16, 2013, 12:49:47 PM
 #16500

Just hoping someone might be able to help as I think KnC may not reply til tomorrow. My hosted Jupiter is mining at a steady 216 Mh/s, its the same on btcguild. I have tried each pool for over an hour at a time, and the hash rate goes no higher than this. From the hosting panel, I cannot tell which firmware is applied. Any suggestions that might help? Thanks in advance for any tips.
good reason to flash  0.95 asap
and take http:// out of stratum address.
Thx for reply. My Jupiter is hosted, and I dont think I can tell which firmware update is applied. With the hosting panel address, I just have "stratum.mining.eligius.st:3334" in the pool config.
That does not sound good, I'd stay up tonight and call them... sry to hear
Have you tried just rebooting? one good way is to just reflash 0.95 on it anyway & hit apply...

Some hosted units still have issues...  I have one running at 540 and another running at 340.   KNC continues to say they are working on the issue so all we can do is wait.
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