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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011650 times)
Bogart
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February 26, 2014, 03:57:55 AM
 #30401

Well, they denied me a BTC refund for my single Neptune order, saying that my only option is a wire transfer to a bank.

Of course they never mentioned any banking requirement to receive a refund when I placed the order.  Roll Eyes

I have no desire to involve banksters in any of my coin-related business, so now I'm kinda stuck.  Sad


"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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February 26, 2014, 04:00:36 AM
 #30402

Well, they denied me a BTC refund for my single Neptune order, saying that my only option is a wire transfer to a bank.

Of course they never mentioned any banking requirement to receive a refund when I placed the order.  Roll Eyes

I have no desire to involve banksters in any of my coin-related business, so now I'm kinda stuck.  Sad



Did you pay with bank transfer or BTC via Bitpay?

If this post helped you and you feel generous you know what to do: 1P9tXFy9bVgzrfPGeV7F8np26ZtFdCCWvz
eiliant
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February 26, 2014, 04:15:57 AM
 #30403

Well, they denied me a BTC refund for my single Neptune order, saying that my only option is a wire transfer to a bank.

Of course they never mentioned any banking requirement to receive a refund when I placed the order.  Roll Eyes

I have no desire to involve banksters in any of my coin-related business, so now I'm kinda stuck.  Sad



I thought they mentioned BTC paid - BTC refund, fiat paid fiat refund?
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February 26, 2014, 05:31:20 AM
 #30404

Seriously. Take your $10k and buy youself a crack whore for the night and make her do everything you can think of. You'll feel very very relieved the next day and never regret it for a minute. A crack whore can give you a better return for your money then the bitcoin industry.
Best advice so far. A+++ would lol again!
Unacceptable
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February 26, 2014, 05:36:44 AM
 #30405

Seriously. Take your $10k and buy youself a crack whore for the night and make her do everything you can think of. You'll feel very very relieved the next day and never regret it for a minute. A crack whore can give you a better return for your money then the bitcoin industry.
Best advice so far. A+++ would lol again!

Nah...take your $10,000 & go to Costa Rica,rent a car & drive to Jaco,then stop by the Beetle Bar & get ALL the gals you could EVER want for a MONTH!!!!!!!!!!  Cool

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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February 26, 2014, 08:39:34 AM
 #30406

Received my refund today.

- 14th Feb made a request
- 14th Feb same day response asking for bank details
- 15th Feb I sent my details
- 17th Feb they confirmed and said details had been passed to finance team
- 25th Feb payment arrives

It's very sad, I love KNC, had an order for Neptune in the first hour or so, but their announcements combined with bitcoin price dropping makes refund the only thing to do.  Sad


ditto sent in my refund request today for my 2nd Neptune....had all the correct info today they said it has been cancelled and refund is being processed

I still have the 1st customer batch Neptune thou....have not dumped that yet....may keep it if  I can even ROI or a bit better


something to do some people bass fish some people mine btc

going to be interesting they frame the choice in this manner for the Neptune

1) you can get a virtual miner for free say 4 months NOW but never get the physical miner ..and then only have virtual miner option

2) you can wait say 4-6 weeks from virtual miner availability and get your physical miner

3) you can refund

er that would be (3) refund imho

virtual miner till you get your physical miner still may be tempting

but again  this is from the "hobby" point of view ie a bit more then ROI would be nice..kinda thing)

actually reading the above it is kinda looking like i'll dump the 1st one too at the current rate of silliness/drama and such going on with bitcoin lately

Seairng

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Searing
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February 26, 2014, 08:53:17 AM
 #30407

I've asked for refund a month ago and still haven't gotten my refund ..kept on saying the wrong information for my wire,,i've checked multiple times it's all correct!
ANYONE HERE HAVE PROBLEMS GETTING THEIR REFUNDS! I THINK THEY WANT TO HOLD UP MY FUNDS

I know they are big on a bank SWIFT code being included...the major bank branches have them...my one bank (joke) said it would go thru ...did not trust that
went to another bank I may do all my business with (they try harder) and they had on their form a statement "for international xfers requiring BANKS SWIFT NUMBER
contact bank services'
 
I did so..they actually (my small local bank) are a branch office and or too small to have a SWIFT code...there work around was to go thru wells fargo in san fransicco
with a swift number .....they have an account for this purpose..they said it should work ok gave me the info told me just to make sure to add my name and accnt number
to the wire xfer info

so I sent and email with the info above with the 1 bank hope deal in between and knc had no problems with it (so far) on my Neptune refund I put in today.

anyway seems this 10k limit on transactions thing has Swedish banks nervous thus the swift code ....small bank branches and savings and loans don't have such
so the banks overseas sending wire xfers or over 10k to usa like to have that swift info ..ie they know you are a real bank so to speak

anyway hope this helps your process so far seems to work i'll let folks know if it blows up

but my advice is ask about swift number and say knc is kinda adamant they get one...and see I  your bank has a work around or go to a commercial bank
or a bank that does (not an option here where I live)

Searing

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February 26, 2014, 09:13:41 AM
 #30408

If you have a 10k Neptune, Then please message me so I can trade your 10k Neptune queue for my late 13k neptune queue. It is beneficial for both of us that I get 3k back and you get 10k back. Consider it a post xmas present to me, the good will of people.
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February 26, 2014, 10:55:23 AM
 #30409

I've asked for refund a month ago and still haven't gotten my refund ..kept on saying the wrong information for my wire,,i've checked multiple times it's all correct!
ANYONE HERE HAVE PROBLEMS GETTING THEIR REFUNDS! I THINK THEY WANT TO HOLD UP MY FUNDS
I had to try a few banks before I found one who had a proper swiftcode for international transfers. Its most likely your swiftcode.


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February 26, 2014, 12:47:57 PM
 #30410

where is ORAMA ? shame

looking job
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February 26, 2014, 03:33:26 PM
 #30411

I've asked for refund a month ago and still haven't gotten my refund ..kept on saying the wrong information for my wire,,i've checked multiple times it's all correct!
ANYONE HERE HAVE PROBLEMS GETTING THEIR REFUNDS! I THINK THEY WANT TO HOLD UP MY FUNDS

I share your frustration.

I requested a refund on Feb 2.  They said it was processed on the 11th and would take 3-10 days.

I'm still waiting.   Roll Eyes   Angry
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February 26, 2014, 03:51:25 PM
 #30412

I've asked for refund a month ago and still haven't gotten my refund ..kept on saying the wrong information for my wire,,i've checked multiple times it's all correct!
ANYONE HERE HAVE PROBLEMS GETTING THEIR REFUNDS! I THINK THEY WANT TO HOLD UP MY FUNDS

I share your frustration.

I requested a refund on Feb 2.  They said it was processed on the 11th and would take 3-10 days.

I'm still waiting.   Roll Eyes   Angry

I initiated my refund process Feb 5

They verified the validity of my banking information, on Feb 7. They said it'd be done soon.

Kurt responded, stating that their bank processed the transaction Feb 11.

I checked w/ my bank on the Feb 14, no funds received.

However, the funds had landed back in my account by the 19th when I checked again.
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February 26, 2014, 04:39:50 PM
 #30413

Refund: a) maxed out yearly contribution allowed into an IRA, b) savings account, c) new treadmill, d) Samsung 40" Smart LED TV and wall mount.  And with the MtGox debacle any thoughts of an eventual purchase of my first new car is pretty much out of the question.

How the hell could he lose almost half a billion dollars?  How the hell does that not show up in normal accounting procedures?  My guess it was an effective slow loss, then he went home for the holidays, then they hit it hard while he was gone.  Probably all wrong but if it is then again, how did the 770kbtc loss not get discovered?



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Bogart
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February 26, 2014, 04:41:39 PM
 #30414

Well, they denied me a BTC refund for my single Neptune order, saying that my only option is a wire transfer to a bank.

Of course they never mentioned any banking requirement to receive a refund when I placed the order.  Roll Eyes

I have no desire to involve banksters in any of my coin-related business, so now I'm kinda stuck.  Sad



Did you pay with bank transfer or BTC via Bitpay?

Paid in BTC via Bitpay.

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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February 26, 2014, 04:44:30 PM
 #30415

I've asked for refund a month ago and still haven't gotten my refund ..kept on saying the wrong information for my wire,,i've checked multiple times it's all correct!
ANYONE HERE HAVE PROBLEMS GETTING THEIR REFUNDS! I THINK THEY WANT TO HOLD UP MY FUNDS

I share your frustration.

I requested a refund on Feb 2.  They said it was processed on the 11th and would take 3-10 days.

I'm still waiting.   Roll Eyes   Angry

I initiated my refund process Feb 5

They verified the validity of my banking information, on Feb 7. They said it'd be done soon.

Kurt responded, stating that their bank processed the transaction Feb 11.

I checked w/ my bank on the Feb 14, no funds received.

However, the funds had landed back in my account by the 19th when I checked again.

Well, I also just received an email saying the funds were returned due to "an issue with the bank information".

If only there were some way to easily and reliably send money to someone without having to route it through the banking system....

THAT is the infuriating part.  I paid in bitcoin, now they're forcing me to jump through all these fucking hoops just to get my money back.
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February 26, 2014, 04:51:08 PM
 #30416

I've asked for refund a month ago and still haven't gotten my refund ..kept on saying the wrong information for my wire,,i've checked multiple times it's all correct!
ANYONE HERE HAVE PROBLEMS GETTING THEIR REFUNDS! I THINK THEY WANT TO HOLD UP MY FUNDS

I share your frustration.

I requested a refund on Feb 2.  They said it was processed on the 11th and would take 3-10 days.

I'm still waiting.   Roll Eyes   Angry

I initiated my refund process Feb 5

They verified the validity of my banking information, on Feb 7. They said it'd be done soon.

Kurt responded, stating that their bank processed the transaction Feb 11.

I checked w/ my bank on the Feb 14, no funds received.

However, the funds had landed back in my account by the 19th when I checked again.

Well, I also just received an email saying the funds were returned due to "an issue with the bank information".

If only there were some way to easily and reliably send money to someone without having to route it through the banking system....

THAT is the infuriating part.  I paid in bitcoin, now they're forcing me to jump through all these fucking hoops just to get my money back.

No one was forced to be their customer. You pretty much have to agree to their terms, or agree to not buy from them.
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February 26, 2014, 04:57:59 PM
 #30417

Seriously. Take your $10k and buy youself a crack whore for the night and make her do everything you can think of. You'll feel very very relieved the next day and never regret it for a minute. A crack whore can give you a better return for your money then the bitcoin industry.

You and I have had far different return experiences clearly.. lol, I'll happily stick with bitcoin.

Regarding KNC, they're not worried about their cloudhashing failing considering all of you guys already paid for it. It's 100% paid for. Taking hardware and standup costs out of the picture, the system will mine profitably for awhile.

Bravo KNC!

Another dynasty is setup beneath the bones of the constituents. Took some folks awhile to realize this.

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February 26, 2014, 05:07:37 PM
 #30418

Tricky sentence, but I guess "The code is open source" refers to Andreas code, and not KnCwallet.
(no reference found on github for kncwallet)

There's nothing tricky about it. If they use any of Andreas' GPL sources, then their code is also GPL. KnCWallet by definition is open source and the sources must be released. Furthermore, the EULA they require is illegal for a GPL project.

KnCWallet has been opensourced today: https://github.com/kncgroup/bitcoin-wallet/tree/master/wallet

Guess ur post on Andreas' thread, speeded up that moment and forced KnC to change their terms of service  https://bitcointalk.org/index.php?topic=484105

Thanks for that!

The fun part of bitcoin is ... it´s not about bitcoin!
“The best way to predict the future is to invent it.” – Alan Curtis Kay, 1971
WastedLTC
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February 26, 2014, 05:25:47 PM
 #30419

But whatever you do, don't panic because the sky isn't really falling!! Smiley

+1  Smiley
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February 26, 2014, 05:42:25 PM
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Well, they denied me a BTC refund for my single Neptune order, saying that my only option is a wire transfer to a bank.

Of course they never mentioned any banking requirement to receive a refund when I placed the order.  Roll Eyes

I have no desire to involve banksters in any of my coin-related business, so now I'm kinda stuck.  Sad


I thought they mentioned BTC paid - BTC refund, fiat paid fiat refund?

It appears to be based on the size of your order.   Single Nuptune refunds are in fiat and multiple units are in BTC set by the BitStamp price but they don't tell you when they are doing the transfer...   could be $450 per BTC or $650...       I queued up a refund for 3 of 4 of my units,  fiat was not an option.   Still waiting for BTC but not a big deal.   Spent 30 BTC for these 3 Neptunes, getting back around 45-50.

KNC has been good to me and I still have my hosted units and 1 Neptune to see if they can pull this off like they did with the Jupiter.   It will be interesting the BTC path for the coins...   I'll share once I get them.
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