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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3007982 times)
dan99
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June 04, 2013, 09:46:45 AM
 #1761


Interesting...might mean that they have been flagged by Paypal due to the amount of money received in 24h.
if they have more than 200 orders (https://bitcointalk.org/index.php?topic=221312.msg2366195#msg2366195), assuming 200 have been paid for 1 saturn this means at least ~750K ... since they opened the order book....

Well, I hope their account is not frozen?? they should allowed Visa & MasterCard processing with no limit purchase or limit how many Jupiter or Saturn order per day so as not create any suspicious activity in the eyes of Paypal.
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June 04, 2013, 09:49:35 AM
 #1762


Interesting...might mean that they have been flagged by Paypal due to the amount of money received in 24h.
if they have more than 200 orders (https://bitcointalk.org/index.php?topic=221312.msg2366195#msg2366195), assuming 200 have been paid for 1 saturn this means at least ~750K ... since they opened the order book....

There are always someone who want to order 30+ pack  Wink

innovation
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June 04, 2013, 10:09:08 AM
 #1763

Tomorrow will be open day of KNCMiner?
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June 04, 2013, 10:13:49 AM
 #1764

Yes, and they said that bank wires are OK, but I placed an order yesterday with bank wire as they payment option and I haven't received the bank account details yet.

Has someone received the bank account details? if so, can you share it here please?


Just the same for me.... Any info?

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  So cut, cut, cut me up and fuck, fuck, fuck me up"
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June 04, 2013, 10:25:43 AM
 #1765

same thing happend the creator of minecraft when his paypal account suddenly jumped to 750k. paypal freeze it until they check out whats going on

                               
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sickpig
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June 04, 2013, 10:26:00 AM
 #1766


The situation is starting to get embarrassing. really.

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June 04, 2013, 10:38:11 AM
 #1767

same thing happend the creator of minecraft when his paypal account suddenly jumped to 750k. paypal freeze it until they check out whats going on

Paypal is known to be picky when dealing with accounts freezing. It's common knowledge. Even a person like me, that has zero paypal based business, knows that you have to tell them in advance if you forecast a great spike in your incoming cash flow, otherwise this kind of thing will trigger their anti-fraud mechanism in the 99% of the times.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Bitcoinorama
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June 04, 2013, 10:43:45 AM
 #1768

Could well be trolls from this forum trying their best to stop Paypal from accepting payment. ORSoC are a known and legitimate development team and there seem to be a few people here hellbent in ensuring they don't succeed in this...

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
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sickpig
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June 04, 2013, 11:10:24 AM
 #1769

Could well be trolls from this forum trying their best to stop Paypal from accepting payment. ORSoC are a known and legitimate development team and there seem to be a few people here hellbent in ensuring they don't succeed in this...

Could be everything for what is worth.

Are you sure they are using an OrSoC paypal account?

Anyway regarding that paypal issue just google for "paypal freeze" and you will be surprised by the high number of blocked account cases .
This could be seen as a extenuating circumstance if you want to look at it in a positive way.

To be honest I really do hope that on tomorrow's open day KnC/OrSoC will clear any doubts about projects viability. But looking at how things are going on recently it could be nothing more than wishful thinking.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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June 04, 2013, 11:16:57 AM
 #1770

what does this mean

Quote
Order ID: 653

The desired goods: KNC Bitcoin miner numbers 1-500

Quantity: 1

I'm the first 1-500 but my order ID is 653 ? and does it mean I can order only one rig of either Jupiter or Saturn ? coz I tried to add many into the shopping cart and it allowed me.
Bitcoinorama
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June 04, 2013, 11:17:21 AM
 #1771

Could well be trolls from this forum trying their best to stop Paypal from accepting payment. ORSoC are a known and legitimate development team and there seem to be a few people here hellbent in ensuring they don't succeed in this...

Could be everything for what is worth.

Are you sure they are using an OrSoC paypal account?

Anyway regarding that paypal issue just google for "paypal freeze" and you will be surprised by the high number of blocked account cases .
This could be seen as a extenuating circumstance if you want to look at it in a positive way.

To be honest I really do hope that on tomorrow's open day KnC/OrSoC will clear any doubts about projects viability. But looking at how things are going on recently it could be nothing more than wishful thinking.

Look bro, you have 24 hours to give the guys going any requests you may have to 'clear up' anything you may be uncertain of.

Don't be shy, PM Daggeteo, JohnyJ, 600Watt and ask them for clarity on a), b), c)...etc. whatever concerns you may have. You have no excuse to complain about anything after today, that you can have closure on tomorrow.

If there is anyway a particular answer can be confused, make sure your request/question is raised in a manner that alleviates that confusion.

Common sense...

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
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dan99
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June 04, 2013, 11:56:21 AM
 #1772

Tomorrow will be open day of KNCMiner?

A lot of us are counting on you guys to give us your unbiased opinion and comments and feedback.
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June 04, 2013, 12:23:22 PM
 #1773


Could be everything for what is worth.

Are you sure they are using an OrSoC paypal account?

Anyway regarding that paypal issue just google for "paypal freeze" and you will be surprised by the high number of blocked account cases .
This could be seen as a extenuating circumstance if you want to look at it in a positive way.

To be honest I really do hope that on tomorrow's open day KnC/OrSoC will clear any doubts about projects viability. But looking at how things are going on recently it could be nothing more than wishful thinking.

Look bro, you have 24 hours to give the guys going any requests you may have to 'clear up' anything you may be uncertain of.

There's no need of asking anything more than what's already on the plate.  I'm well aware of the list of questions the community had contributed to create in this and other thread. I find it pretty exhaustive. I'm only saying that the last few issues (Mars cancelled, paypal payment method suspended, quite questionable T&C) left a bad taste in my mouth.  It's a matter of 'faith' there's no way for me to ask any kind of questions that will change the way I see it at the moment.  That's my gut feeling. 


Don't be shy, PM Daggeteo, JohnyJ, 600Watt and ask them for clarity on a), b), c)...etc. whatever concerns you may have. You have no excuse to complain about anything after today, that you can have closure on tomorrow.

I'm not shy by the way and neither I'm searching for excuses to voice my concerns, really. I just want to share my opinion with the community.



Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Bitcoinorama
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June 04, 2013, 12:28:49 PM
 #1774


Could be everything for what is worth.

Are you sure they are using an OrSoC paypal account?

Anyway regarding that paypal issue just google for "paypal freeze" and you will be surprised by the high number of blocked account cases .
This could be seen as a extenuating circumstance if you want to look at it in a positive way.

To be honest I really do hope that on tomorrow's open day KnC/OrSoC will clear any doubts about projects viability. But looking at how things are going on recently it could be nothing more than wishful thinking.

Look bro, you have 24 hours to give the guys going any requests you may have to 'clear up' anything you may be uncertain of.

There's no need of asking anything more than what's already on the plate.  I'm well aware of the list of questions the community had contributed to create in this and other thread. I find it pretty exhaustive. I'm only saying that the last few issues (Mars cancelled, paypal payment method suspended, quite questionable T&C) left a bad taste in my mouth.  It's a matter of 'faith' there's no way for me to ask any kind of questions that will change the way I see it at the moment.  That's my gut feeling. 


Don't be shy, PM Daggeteo, JohnyJ, 600Watt and ask them for clarity on a), b), c)...etc. whatever concerns you may have. You have no excuse to complain about anything after today, that you can have closure on tomorrow.

I'm not shy by the way and neither I'm searching for excuses to voice my concerns, really. I just want to share my opinion with the community.




Coolio, you're entitled to that, for that respect, I, at least am glad you do share your opinion. This is a iterative decision process for us all. I just wasn't sure of you were aware of the list of questions, or whether you knew some members had kindly offered to seek answers to concerns you might have.

Finally, always listen to your gut.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
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papamoi
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June 04, 2013, 12:43:55 PM
 #1775

GUYS

I ve a proposal for u

-I m inventing a new device Named MOON based on 1000 cores of existing SHA256.the device will have a hashing speed of 500GIGAhash/sec

But before taking your money we ll make an FGPA device wich will hash at 5 gigahash/sec. then we ll start to take your money to finance the MOON  device

so in that case you ll finance our business venture and we ll make MONEY on your back

Does that sound familiar?

If yes,please be carefull  if not,just start to think of what is happening here


thanks for reading

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June 04, 2013, 01:24:25 PM
 #1776

GUYS

I ve a proposal for u

-I m inventing a new device Named MOON based on 1000 cores of existing SHA256.the device will have a hashing speed of 500GIGAhash/sec

But before taking your money we ll make an FGPA device wich will hash at 5 gigahash/sec. then we ll start to take your money to finance the MOON  device

so in that case you ll finance our business venture and we ll make MONEY on your back

Does that sound familiar?

If yes,please be carefull  if not,just start to think of what is happening here


thanks for reading




i respect your awareness. you have been burnt very hard before. but the scam you were sucked in is not compareable to this company.
papamoi
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June 04, 2013, 01:33:35 PM
 #1777


I ve never said it was similar to what s happened to me

Nevertheless,this guy are planning to use your money to avoid taking any risk in their businessventure

You are the bankers for them


so please be carefull that s i m asking you to do

that s all
idee2013
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June 04, 2013, 01:36:16 PM
 #1778


The situation is starting to get embarrassing. really.



paypal seems to working again!

But vat question is not answered. yesterday was no vat to pay.today it shows "german vat"  (for gemrnay )and its 25% but it have to be 19%
alfabitcoin
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June 04, 2013, 01:37:50 PM
 #1779


I ve never said it was similar to what s happened to me

Nevertheless,this guy are planning to use your money to avoid taking any risk in their businessventure

You are the bankers for them


so please be carefull that s i m asking you to do

that s all

Preorder practise need to stop. If company need  money go to investmant bank.
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June 04, 2013, 01:45:59 PM
 #1780

    Update#2
    I will bring a powermeter with me, just in case. Good idea with the audio recording. Here in Sweden you don't need to ask for permission as long as you partake in the conversation but it is polite to ask.

    Photos/Videos (I'll try to include objects for distance-reference)
    * Mars unit hashing
    * Mars without a cover/case …shots of the internals if possible
    * Hashing results in the software client
    * The power supply attached
    * A meter read of the power draw at the outlet – hopefully they’ll provide a monitor, or do you have one you could bring?


    Questions
    1) Is this demo unit built on the final design revision that we’ll see used at the time of full-scale production?
    2) When will Mars begin production, if it hasn’t already?
    3) Has any development work yet begun on the ASIC modules?
    4) (If you’re not able to get a wattage reading from a meter)What is the power consumption on the Mars device?
    5) What is the projected power consumption of the Saturn/Jupiter?
    6) Do you plan on discontinuing the Mars BTC miners by a certain date or a quantity sold? (See https://bitcointalk.org/index.php?topic=170332.msg2200152#msg2200152)
    7) With this modular design, how will the ASIC units be interfaced with each other, considering that additional devices may be added at a later time?
    8 ) Will these connected ASIC devices use a single shared network connection? What about the power?
    9) Why only 50.000SEK in capital? (about 5500 EUR, not even funny considering there are so many founders. no penalty for failure, so not much of an incentive for success either)
    Quote
    #9 I also saw in the thread that people think my business with Andreas has a value of 5000EUR. That is the price it costs to register an AB(limited company)

    But we do need clarification on when funds are required from us and whether delivery is guaranteed inside of designated buyer complaint periods given by the chosen payment methods, I.e. assurance that payment is made no earlier than 45 days before product is.
    10) Who pays for this really, how?
    11) Debt incurred? how much, how long?
    12) Why no ORSoC ppl on the board or directors? (not even deputy directors, only K/C wives or family?) (See https://bitcointalk.org/index.php?topic=170332.msg2200152#msg2200152)
    13) Is there an employee payroll or just founders?
    14) Why start K&C AB as a consulting/hosting firm with the ORSoC ppl aboard?
    15) K&C AB focus on miners or hosting/consulting?
    16) Where is the real office? K's house, C's house, K & C AB office, another one??
    17) What about security (data/facilities)? (why self host? no datacenters?) Disaster recovery plans? [careful, no specifics]
    18)What about patents? Potential lawsuits? (are they insured against this?)
    19)Are the founders insured? Does the insurance money cover losses/refunds? Is the company the beneficiary or not?
    20)Expecting more sale outside of Sweden than in, can they finance the VAT in-between tax return periods? (See https://bitcointalk.org/index.php?topic=170332.msg2200152#msg2200152)
    21) Project % completion?
    22) How much of the production will be financed by preorders? (possible corollary: why not more seed capital?)
    23) Obviously with the Swedes' worshiping the semi-permanent sunlight they get for the summer months causing an acknowledged lackluster in productivity (according to JJ), will this in anyway affect the design and manufacture of their Saturn and Jupiter miners? And, what realistically, are the chances of having those devices delivered in September?
    24) How can you be confident this will happen when both BFL and apparently Avalon have had issues delaying their production beyond reasonable expectations?
    25) Most important can they meet the September 2013 dateline. When is the 350gh/s Asic prototype Miner going to be out? July 2013??
    26) Will KNCMiner support P2Pool mining?
    27) Given the five way partnership with three from OrSoc and with their experience of FPGAs and ASICs in the past, how will they achieve their technical goals and how long will it take?
    28) Are there any potential third party hiccups that are likely to delay anything?
    29) What projects of similar kind have they completed before?

    Other
    1) Where are you? Office / Workroom / Lab …?[/li][/list]
    2) What else is around? Desks (with phones? ..how many?) / Workstations / Machinery …?
    3) Who, specifically, is in attendance at this meeting? Do you see other people around as well?
    4) How much noise does the Mars device produce? ..perhaps think of something comparative
    5) Do you feel much heat radiation from the Mars unit?


    dear forum members
    is it possible to do some research and find out which of these questions are already answered within the last 30 pages of this thread and the two other knc related threads or their website. i would like to only ask questions that are still unanswered and not waste precious time and patience and energy on details that have been solved.

    edit: questions 3, 4 , 5 ,8, 13,14 and 21-29 will be asked for sure (daggeteo), no need to check them for having been answered already

    edit: thank you bitcoinorama
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