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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3045494 times)
Zelek Uther
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March 26, 2014, 11:28:44 PM
 #31341

KnCMiner Network Protection Statement



 At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
  
 We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.  
 We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

 Thanks
 KnCMiner Team



The Fact is:
As of April 1, KNC will be delay in delivery of Neptunes


Doesn't that statement predate the announcement of Neptunes?
It certainly doesn't form any part of the contract you agreed with KNC.
Whatever KnC said earlier in the NPS, the CA Neptunes were "Q1/Q2" shipping. Therefore they aren't late until 1st July. 

Don't get me wrong, I'd prefer my Neptune tomorrow...(I really hope they ship soon). I'm just saying that it was crystal clear when we pre-ordered that it was "Q1/Q2" shipping.

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xstr8guy
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March 26, 2014, 11:31:47 PM
 #31342

We're never getting Neptunes shipped to us.  We'll be offered hosted mining on June 30th (via Jupiters) and not a single day before.

And no, I'm not taking any bets.
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March 26, 2014, 11:34:51 PM
 #31343


KnCMiner Network Protection Statement



 At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
  
 We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.  
 We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

 Thanks
 KnCMiner Team



The Fact is:
As of April 1, KNC will be delay in delivery of Neptunes






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RenHoek
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March 26, 2014, 11:39:44 PM
 #31344

KnCMiner Network Protection Statement



 At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
  
 We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.  
 We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.

 Thanks
 KnCMiner Team



The Fact is:
As of April 1, KNC will be delay in delivery of Neptunes


Doesn't that statement predate the announcement of Neptunes?
It certainly doesn't form any part of the contract you agreed with KNC.
Whatever KnC said earlier in the NPS, the CA Neptunes were "Q1/Q2" shipping. Therefore they aren't late until 1st July.  

Don't get me wrong, I'd prefer my Neptune tomorrow...(I really hope they ship soon). I'm just saying that it was crystal clear when we pre-ordered that it was "Q1/Q2" shipping.


for me this means Q1 AND Q2 ; not or.

Q1 for first Batch , Q2 for following Batches.


maybe

Q1 for first half of Batch 1, Q2 for the rest.

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Biffa
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March 26, 2014, 11:42:13 PM
 #31345


Whatever KnC said earlier in the NPS, the CA Neptunes were "Q1/Q2" shipping. Therefore they aren't late until 1st July. 

Don't get me wrong, I'd prefer my Neptune tomorrow...(I really hope they ship soon). I'm just saying that it was crystal clear when we pre-ordered that it was "Q1/Q2" shipping.


for me this means Q1 AND Q2 ; not or.

Q1 for first Batch , Q2 for following Batches.


I'd love that to be true mate, but I think you would be in a minority of one who considered Q1/Q2 to mean that, for most of the world it means somewhere between Q1, Q2 and WTF Smiley

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March 26, 2014, 11:53:02 PM
 #31346

KnCMiner Network Protection Statement
 At KnCMiner we are aware of the service we are providing to our customers. We are also aware that we need our customers to have a return on their devices in order to purchase form us again. With the scale of the supply chains, agreements and factories we have access to, we need to be cautious we don’t ship too many devices and therefore reduce the return to our customers.  So with that in mind our plan is to do as follows:
  
 We will ship no devices in December 2013, January 2014 or  February 2014. Meaning that once we have taken the difficulty up at the end of November we will not release any more hashing power for 3 months. We will then release our new generation of devices, which will begin shipping in March 2014. These devices will also have a much higher GH/$ rating than any of our current offerings.  
 We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network.
The Fact is:
As of April 1, KNC will be delay in delivery of Neptunes


Doesn't that statement predate the announcement of Neptunes?
It certainly doesn't form any part of the contract you agreed with KNC.

KnC itself, has also been associated with the statement after the announcement of the Neptunes.
and it thus verified to be valid
:

To repeat: It certainly doesn't form any part of the contract you agreed with KNC.

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March 26, 2014, 11:54:10 PM
 #31347

Whatever KnC said earlier in the NPS, the CA Neptunes were "Q1/Q2" shipping. Therefore they aren't late until 1st July.  

Don't get me wrong, I'd prefer my Neptune tomorrow...(I really hope they ship soon). I'm just saying that it was crystal clear when we pre-ordered that it was "Q1/Q2" shipping.

for me this means Q1 AND Q2 ; not or.

Q1 for first Batch , Q2 for following Batches.


maybe

Q1 for first half of Batch 1, Q2 for the rest.

That's ... just silly.

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March 27, 2014, 12:07:12 AM
 #31348

Whatever KnC said earlier in the NPS, the CA Neptunes were "Q1/Q2" shipping. Therefore they aren't late until 1st July.  

Don't get me wrong, I'd prefer my Neptune tomorrow...(I really hope they ship soon). I'm just saying that it was crystal clear when we pre-ordered that it was "Q1/Q2" shipping.

for me this means Q1 AND Q2 ; not or.

Q1 for first Batch , Q2 for following Batches.


maybe

Q1 for first half of Batch 1, Q2 for the rest.

That's ... just silly.


KnC said CA batch and batch 1 would be Q1/Q2 delivery, with CA batch 3 to 4 weeks before batch 1. That means for CA batch and batch 1 to not be late, both must be shipped no later than June 30 or they are late. For further drill down detail, CA batch must ship at the beginning of June (or earlier) to allow time for that 3 to 4 week shipping ahead of batch 1.

Regardless, KnC better be providing such a fantastic additional benefit to their loyal customers who purchased from CA batch and batch 1, that there's no question those same customers will get a decent ROI, because if they don't, the reputation bashers will have been proven correct and KnC will have earned the same stripes as BFL and Josh.
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March 27, 2014, 01:31:22 AM
 #31349

Anyone emailed them and asked if they are going to burn in their products this time round? Or do they intend to ship 1000's of faulty boards again?

If their competition are promising 24hr burn in, you'd expect kfc to at least do the 5 minute burn they promised lied forgot about in October

Dude, they're already burning in their equipment in their datacenter. It'll be good and cooked when they announce "Due to unforeseen, eh BS, circumstances we will not be delivering hardware machines. However! We will give each customer 3T of hosted miners for a generous 6 months. (smug look of how gracious they are) After that we'll charge the low, low fee of $500 a month. They'll announce that at the end of Q2, so wait for it.

For those that haven't figured it out kfc doesn't care about the NPS or any other crap they have fed us. They ... are ... liars.
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March 27, 2014, 01:57:30 AM
 #31350

Anyone emailed them and asked if they are going to burn in their products this time round? Or do they intend to ship 1000's of faulty boards again?

If their competition are promising 24hr burn in, you'd expect kfc to at least do the 5 minute burn they promised lied forgot about in October

Dude, they're already burning in their equipment in their datacenter. It'll be good and cooked when they announce "Due to unforeseen, eh BS, circumstances we will not be delivering hardware machines. However! We will give each customer 3T of hosted miners for a generous 6 months. (smug look of how gracious they are) After that we'll charge the low, low fee of $500 a month. They'll announce that at the end of Q2, so wait for it.

For those that haven't figured it out kfc doesn't care about the NPS or any other crap they have fed us. They ... are ... liars.

100% this ^
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March 27, 2014, 02:15:56 AM
 #31351

Those Neptunes wont be released till day 1 of Q3. Remember the Jupiter "September" delivery. They were delivered mid Oct even though as of Sept 20th they still claimed to be making the September shipping. The same thing will happen with the Neptunes.

Why would they sell them a day sooner than they have to instead of using them to mine?
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March 27, 2014, 02:51:50 AM
Last edit: March 27, 2014, 03:36:54 AM by Wesly
 #31352

Those Neptunes wont be released till day 1 of Q3. Remember the Jupiter "September" delivery. They were delivered mid Oct even though as of Sept 20th they still claimed to be making the September shipping. The same thing will happen with the Neptunes.

Why would they sell them a day sooner than they have to instead of using them to mine?

Simple answer: Because they are not you.

Complicated answer: Because they are not as devoid of moral as some people like to believe (not to say they have high moral).  Because their data center is already full of 1st gen modules and they can always built more Neptune chips until they don't have room/space/power, so why risk giving out more refund? Because it off-load the risk of not ROI and Bitcoin price drop to the customers, better to get instant income now rather than trying to earn 10%-20% extra over 6-12 months period.
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March 27, 2014, 04:45:39 AM
 #31353

Has anyone gotten an explanation from KNC why they are mining more than the 5% they promised?  It looks like they have around 5,000 TH/s live on the network right now and growing.  Are they including the amount of Neptunes they "sold" to say they are only mining 5% even though they are actually mining 15%-20% of the network?

http://organofcorti.blogspot.com/
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March 27, 2014, 05:21:46 AM
 #31354

Has anyone gotten an explanation from KNC why they are mining more than the 5% they promised?  It looks like they have around 5,000 TH/s live on the network right now and growing.  Are they including the amount of Neptunes they "sold" to say they are only mining 5% even though they are actually mining 15%-20% of the network?

http://organofcorti.blogspot.com/

They're mining about ~10% of the network directly. What are the other 5 - 10% from?

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March 27, 2014, 07:58:47 AM
 #31355



Regardless, KnC better be providing such a fantastic additional benefit to their loyal customers who purchased from CA batch and batch 1, that there's no question those same customers will get a decent ROI, because if they don't, the reputation bashers will have been proven correct and KnC will have earned the same stripes as BFL and Josh.

This already happened with the jupiter modules... their stripes are clear now


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March 27, 2014, 08:00:53 AM
 #31356

Those Neptunes wont be released till day 1 of Q3. Remember the Jupiter "September" delivery. They were delivered mid Oct even though as of Sept 20th they still claimed to be making the September shipping. The same thing will happen with the Neptunes.

Why would they sell them a day sooner than they have to instead of using them to mine?


or allowing their competition customers to mine against them any sooner then they can?

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March 27, 2014, 09:33:13 AM
 #31357

Those Neptunes wont be released till day 1 of Q3. Remember the Jupiter "September" delivery. They were delivered mid Oct even though as of Sept 20th they still claimed to be making the September shipping. The same thing will happen with the Neptunes.

Why would they sell them a day sooner than they have to instead of using them to mine?

Simple answer: Because they are not you.

Complicated answer: Because they are not as devoid of moral as some people like to believe (not to say they have high moral).  Because their data center is already full of 1st gen modules and they can always built more Neptune chips until they don't have room/space/power, so why risk giving out more refund? Because it off-load the risk of not ROI and Bitcoin price drop to the customers, better to get instant income now rather than trying to earn 10%-20% extra over 6-12 months period.

No offense but that is utter bullshit.  They've repeatedly shown that they don't give two shits about their "customers".  They'd rather refund every single order so WE don't compete against THEM.  Luckily it seems like more and better ASIC options are popping up every week.
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March 27, 2014, 10:12:43 AM
 #31358

So now they provide an update on Titan, but crickets regarding Neptune:

https://www.kncminer.com/news/news-80
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March 27, 2014, 12:01:07 PM
 #31359

So now they provide an update on Titan, but crickets regarding Neptune:

https://www.kncminer.com/news/news-80

Cough cough

With the datorhall, knc have proved beyond all doubt they are lying, scheming, backstabbing scum fucks who will do or say anything for money.

Remember kids - no refunds. If they take 15 months to deliver this - too bad, no refunds.

"I am not The Avenger"
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March 27, 2014, 02:13:27 PM
 #31360

So now they provide an update on Titan, but crickets regarding Neptune:

https://www.kncminer.com/news/news-80

Yeah, lend them $10k now and then get delivery in December. Maybe.

J
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