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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012407 times)
el_rlee
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February 05, 2014, 04:11:41 AM
 #29421

knc are scammers.
we gave them our Money to build neptunes, but they used it to build worlds bigges mining rig for them self.
so this is a scam for the law.

we should sue them.

Ummm. no?

You gave them money to receive a neptune in exchange. If you get a neptune, they are not scammers. What they do with the money isn't your business.

Right.

Interesting would be if you still can refund after you receive the hashrate from the data center and to which conditions.
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vesperwillow
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February 05, 2014, 04:12:24 AM
 #29422

knc are scammers.
we gave them our Money to build neptunes, but they used it to build worlds bigges mining rig for them self.
so this is a scam for the law.

we should sue them.

Ummm. no?

You gave them money to receive a neptune in exchange. If you get a neptune, they are not scammers. What they do with the money isn't your business.

Truth! The only caveat is if they're caught mining with more than 5% hashrate of what they have shipped.

RickJamesBTC
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February 05, 2014, 04:19:29 AM
 #29423

knc are scammers.
we gave them our Money to build neptunes, but they used it to build worlds bigges mining rig for them self.
so this is a scam for the law.

we should sue them.

Ummm. no?

You gave them money to receive a neptune in exchange. If you get a neptune, they are not scammers. What they do with the money isn't your business.

Truth! The only caveat is if they're caught mining with more than 5% hashrate of what they have shipped.

And even then, that really wasn't some contractual obligation. They made a promise, maybe they keep it. Maybe they didn't realize at the time that they could put together a great big data center for themselves. Guess what, plans change!
Biodom
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February 05, 2014, 04:24:52 AM
 #29424

knc are scammers.
we gave them our Money to build neptunes, but they used it to build worlds bigges mining rig for them self.
so this is a scam for the law.

we should sue them.

Ummm. no?

You gave them money to receive a neptune in exchange. If you get a neptune, they are not scammers. What they do with the money isn't your business.

The debate would be about what Neptune is?

Is Neptune a 3th/s of hashing power in Q1/Q2 or is Neptune necessarily a box with 3th/s hashing power.
If it is "just" hashing power, than delivering on plan B is OK.
I am sure that it is agreeble with some people, but not with everyone.
If you ordered sea bass sushi in a restaurant, but was brought equally priced smaller amount of salmon or even caviar-would you agree to this transaction?
Phoenix1969
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February 05, 2014, 04:28:46 AM
 #29425

So, you guys wouldn't take 3Th/s of hosted cloud-hashing say, next month, as opposed to waiting until the end of Q2 for a physical Neptune?  I would, in a heartbeat. Everyone wins that way. It would definitely work in everyone's favor considering the alternatives.


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dropt
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February 05, 2014, 05:03:31 AM
 #29426

So, you guys wouldn't take 3Th/s of hosted cloud-hashing say, next month, as opposed to waiting until the end of Q2 for a physical Neptune?  I would, in a heartbeat. Everyone wins that way. It would definitely work in everyone's favor considering the alternatives.

Yes, great plan.  Let's put near complete control of 20PH of hardware into KnC's hands.  The brilliance from your greed is impressive.
MrPresident
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February 05, 2014, 05:28:00 AM
 #29427

So, you guys wouldn't take 3Th/s of hosted cloud-hashing say, next month, as opposed to waiting until the end of Q2 for a physical Neptune?  I would, in a heartbeat. Everyone wins that way. It would definitely work in everyone's favor considering the alternatives.

Yes, great plan.  Let's put near complete control of 20PH of hardware into KnC's hands.  The brilliance from your greed is impressive.
Greed?
That's ridiculous. Cutting your losses is't greed, it's investment strategy. You may feel comfy with waiting until the end of July for 3 TH/s, but some of us don't. I have no idea how you get "greed" out of a customer deciding he would take 3Th/s now, over 3Th/s later. Any other decision would be utter stupidity IMHO. Seems to me, if Neptune is going to be later than expected, than you really have two choices... 1. Take the cloud-hashing offer when it comes.  or 2......   Don't.  You will, and you know it. If you decide not to, I'll shoot you my btc address, just have them send it to me, lol...  Then you can take over when your precious machine arrives. The whole premise of refusing a cloud-hashing offer over waiting 3 to 4 more months for a Neptune doesn't sound like you have 3 marbles left to rattle upstairs...
I think it was VERY thoughtful and skill-ful of KNC to cover our asses with cloudhosting, VERY.

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edgar
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February 05, 2014, 05:40:24 AM
 #29428

more sock-puppet accounts and feigned ignorance...

Good Luck Getting a refund!


Hasha has been getting dicked around since december....

but then Mr President got refunds so no-one else need worry!!

just like with the free boards!



Searing.... U Ruin This Thread!
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February 05, 2014, 06:02:47 AM
 #29429

From what I've seen in here, you don't exactly make this thread pleasant at all.
It's funny how one of the top-most obnoxious posters in this thread should say that Searing "ruined this thread", he hasn't insulted anyone in here as far as I can see, but you seem to insult at least one person with damned near every post. Just sayin'.... Ignorance is bliss.
I don't even see how attacking everyone is relevant to the thread anyways, you have literally filled the thread with bullshit nonsense.
I'm surprised they haven't banned you yet... probably the entertainment value.

 Develop Custom Decentralized Blockchain Applications in JavaScript with LISK!
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arlekyn13
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February 05, 2014, 06:36:21 AM
 #29430

Will someone please explain both sides of this

It's smart to keep your Neptune order because:


You are all forgetting who you are dealing with. You are dealing with KnC, not Hashfast, cointerra, Avalon, VMC, etc

KnC were very fair to their October hosted customers.
1) they gave 5 BTC compensation for being about 7 days late
2) they extended the 6 months paid hosting by 1 month
3) they gave additional hashrate (worth about 9btc) for 2 months for hosted Jupiters

Now if you were to 3rd party colocate a Neptune, using about 2700kw power, you will be paying about $650/month plus another $400-600 for the 2 PSUs. Say 6 x 650 + 500 = $4400

The future (4-5 months from now when difficulty is over 20 billion) is centralized hashing in big datacentres with cheap electricity and cooling.

NO NO NO

KNC gave me 8 boards (my entire orders) with die #0 issue, 15 days delay (got my machines on Nov 1st) and a big middle finger as compensation. Amount invested in KNC Oct gear: BTC160. Amount mined so far: BTC60. A big portion of my loss is due because KNC sold to much hash power, thus killing the profitability of the machines. My fault for not taking that into account and believing in their so called "care for their customers"
It will be the same with the Neptunes, except the fact that the loss will be smaller due to machines being cheaper (btc wise - after all, we're miners, we should all calculate in BTC, not fiat).

Regarding the general hysteria about KNC's mega mining farm, well, they will most likely sell the hashing power. They chose to do it virtually from now on, instead of psychically deliver the miners. It's the same shit. I once said that if I were an ASIC producer, I'd sell even 1 million machines if I had the customers for them. WHY would I care about those machines profitability for their owners?!
For all those customers looking to buy new Jupiters and/or upgrade modules, you'll soon have the option to buy them, just not physically, but rather virtually, hosted in a data center.
Regarding the complaints about KNC building their farms with their (Neptune) customers money, it's a wrong assumption. They built it with PROFITS from Jupiter sales. It's KNC's profits, it's their money, they can do whatever they like with it.
So stop complaining about KNC (or any other ASIC producer) bringing huge amounts of hashing power to the network. You'd do the same if you could and complaining won't stop them from doing it. They will stop when there will be no more customers buying it and mining with their own gear will be no longer profitable.

1CmrswU7JYpi9WNC8EHWCV3aam1FJsW2Zu - to show appreciation for my work
dropt
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February 05, 2014, 06:45:06 AM
 #29431

Greed?
That's ridiculous. Cutting your losses is't greed, it's investment strategy. You may feel comfy with waiting until the end of July for 3 TH/s, but some of us don't. I have no idea how you get "greed" out of a customer deciding he would take 3Th/s now, over 3Th/s later. Any other decision would be utter stupidity IMHO. Seems to me, if Neptune is going to be later than expected, than you really have two choices... 1. Take the cloud-hashing offer when it comes.  or 2......   Don't.  You will, and you know it. If you decide not to, I'll shoot you my btc address, just have them send it to me, lol...  Then you can take over when your precious machine arrives. The whole premise of refusing a cloud-hashing offer over waiting 3 to 4 more months for a Neptune doesn't sound like you have 3 marbles left to rattle upstairs...
I think it was VERY thoughtful and skill-ful of KNC to cover our asses with cloudhosting, VERY.


I don't normally give new user accounts who beeline to threads like this in efforts of espousing their wisdom the time of day, but for you an exception.

Quote
Cutting your losses is't greed, it's investment strategy.

   What losses are these exactly?  What delivery date were you told that you're now hinging this whole cloud-hashing thing as your knight in shining armour? If you honestly think you're in "losses" territory and this is your only hope at salvation you should just get a refund.  "Investment strategy"... as if you had this all planned out before hand. This shit was just dropped in your lap so spare us the alleged intelligence of your investment.

Quote
The whole premise of refusing a cloud-hashing offer over waiting 3 to 4 more months for a Neptune

More assumptions to back up your rant?  Where again were these dates posted?  The one where you concluding you're going to receive 3 or 4 moths of "sorry we suck guys" mining?

While you sit here dreaming up how glorious this whole deal is you apparently haven't spent one second to consider the big picture.  You're giving the okay to KnC to setup the largest private mine in existence and the exclusive rental (and control) of your hash power.  How are you going to feel when they give you 1 week of free mining, then say: "oh, here's your neptune... btw we added 11PH of our own equipment so that 3TH is now as good as 1.5TH."   How much do you trust KnC not to drive this whole thing into the ground since not only are you funding their mine, you're voluntarily giving them complete access to and control of your hardware.  They could hardly keep their word regarding the module sales, and god only knows if they actually kept their private farm under 5%.

You're acting like all of the poor suckers over in the HF thread with their August wide-eyes at dreams of low power consumption and a miner protection package offering up to four times the hashpower if HF screws up!!  Wow, sounds great in theory, why don't you go over there and see how sweet that deal is looking today.  How certain are you that this isn't some ploy to try and stem the flow of people asking for refunds on their Neptunes?


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February 05, 2014, 06:56:01 AM
 #29432

A big portion of my loss is due because KNC sold to much hash power, thus killing the profitability of the machines.

Just quoting this for the awesome chutzpah. It's okay that they sold you lots of hashing power, but when they sell it to someone else, they've crossed the line.

Well, at least you're honest.


I pledge never to use this space for sleazy referrals, gambling spam, or to beg for handouts.
arlekyn13
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February 05, 2014, 07:00:06 AM
 #29433

A big portion of my loss is due because KNC sold to much hash power, thus killing the profitability of the machines.

Just quoting this for the awesome chutzpah. It's okay that they sold you lots of hashing power, but when they sell it to someone else, they've crossed the line.

Well, at least you're honest.



And I admitted I was wrong when i believed they will restrain from selling to much hash power so their customers will have a chance for profit. Quoting myself: "My fault for not taking that into account and believing in their so called "care for their customers"". Wrong assumption at that time from myself!

1CmrswU7JYpi9WNC8EHWCV3aam1FJsW2Zu - to show appreciation for my work
baller1
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February 05, 2014, 07:16:19 AM
 #29434



after your post (?)
the hashrate has been redirected/turned off

Code:
12 hours 544.49 Th/s 5476655520
3 hours 521.28 Th/s 1310795508
22.5 minutes 289.21 Th/s 90904888
256 seconds 0.00 kh/s 0
128 seconds 0.00 kh/s 0

wow..nice one

Co incidents?

I don't know if this is KNC playing around with their hoards of 28nm boxes.. but someone is throwing 1000 Ths at Eligius and then it's gone, and now it's back... unless Eligius is acting weird.. The problem I have is everytime these huge throws of Th/s fluctuations seem to be causing my hashrate to go bonky. Overloading the servers or?. Keep it on, or rather.. off. thanks KNC. Smiley
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February 05, 2014, 07:41:02 AM
 #29435

Who has gotten their refund?

If I were to want to jump ship, what are my options? I read somewhere that you aren't allowed to sell your pre order.
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February 05, 2014, 07:51:56 AM
 #29436

I've had one refunded, one on order.  That's the easy "get out" anyone can take.
I still don't have an issue with how things are progressing, and my lack of posting doesn't reflect my experience or understanding of things.
They are simply making the best commercial decisions.  If you want charity, donate at the link in my sig.
If you want a capitalist free market economy and private enterprise making the best commercial decisions for success.....

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MONETARYUNIT
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February 05, 2014, 07:58:53 AM
 #29437

So, you guys wouldn't take 3Th/s of hosted cloud-hashing say, next month, as opposed to waiting until the end of Q2 for a physical Neptune?  I would, in a heartbeat. Everyone wins that way. It would definitely work in everyone's favor considering the alternatives.

Yes, great plan.  Let's put near complete control of 20PH of hardware into KnC's hands.  The brilliance from your greed is impressive.
Greed?
That's ridiculous. Cutting your losses is't greed, it's investment strategy. You may feel comfy with waiting until the end of July for 3 TH/s, but some of us don't. I have no idea how you get "greed" out of a customer deciding he would take 3Th/s now, over 3Th/s later. Any other decision would be utter stupidity IMHO. Seems to me, if Neptune is going to be later than expected, than you really have two choices... 1. Take the cloud-hashing offer when it comes.  or 2......   Don't.  You will, and you know it. If you decide not to, I'll shoot you my btc address, just have them send it to me, lol...  Then you can take over when your precious machine arrives. The whole premise of refusing a cloud-hashing offer over waiting 3 to 4 more months for a Neptune doesn't sound like you have 3 marbles left to rattle upstairs...
I think it was VERY thoughtful and skill-ful of KNC to cover our asses with cloudhosting, VERY.


Well still It is bad if "Plan B" was initially their intended plan. And not deliver Neptunes in the first place as they made us to believe. Knc is not stupid, they kept us sweet with a really nice alternative BackUp plan, which will not hurt customers in the sense "you-get-what-you-have-paid-for". Exept for the fact they now are first making the biggest mining farm in the world, this undermines their philosophy in the first place. Customer are important, they need to buy mining equipement again. So give than also the possibility to ROI. With this plan they are fucked for sure!!!!

With this news they do not have the favour in being honest business, they put their customers in jeopardy to benefit from It themselves!!!! All wrong!!!! Bad, bad, bad, bad KnC.....
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February 05, 2014, 08:29:35 AM
 #29438

Tuesday morning and that evil company KnC are allowing me RMA two boards today. Oh no these people are the devil, I wonder if I get a 48hr turn around this time, witch craft I tell you......  madness
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February 05, 2014, 08:41:37 AM
 #29439

Tuesday morning and that evil company KnC are allowing me RMA two boards today. Oh no these people are the devil, I wonder if I get a 48hr turn around this time, witch craft I tell you......  madness
Oh, really? And on what grounds are you being granted an RMA? Dead dies? Apparently a 30% loss in hashing power (dead dies) from one of their modules doesn't warrant an RMA and I'm told to "wait for the Nov Jup tuning suite" which has been promised for months.
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February 05, 2014, 08:43:26 AM
 #29440

After these two boards I will have sent 4 boards back for RMA in the space of a month. these are October's though.

GREAT SERVICE
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