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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006742 times)
Searing
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April 02, 2014, 12:54:54 PM
 #31741

Now that everyone bailed pretty much; KNC will announce 6Th/s Neptunes shipping next week, while keeping most of them, and adding to the farm.... Wink

er...likely...er indeed likely....


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edgar
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April 02, 2014, 01:25:55 PM
 #31742

also the litecoin payment system is not working, i tried to pay for a 'titan' with LTC but failed 4-5 times. i think its a sign - IE - dont bother.
You read this thread and are still willing to put money down on the no refunds black hole that is:



not quite.

just research, not planning to handout any more free loans that will be used to punish me in just a few short months with NO REFUNDS.

like other scammers, they seem to only want green/noob/uninformed clientele, scared old women & children

i wonder what they were doing before this, probably debt collectors, tv licence/traffic wardens.
The Avenger
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April 02, 2014, 01:52:09 PM
 #31743

i wonder what they were doing before this, probably debt collectors, tv licence/traffic wardens.

Naw, self proclaimed morons. Remember this http://www.englishforum.ch/35818-post8.html

"I am not The Avenger"
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Flashman
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April 02, 2014, 03:02:52 PM
 #31744

I trust a man who knows what he doesn't know 100x more than a man who thinks he knows everything.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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gotta let a coin be a coin


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April 02, 2014, 04:37:00 PM
 #31745

i wonder what they were doing before this, probably debt collectors, tv licence/traffic wardens.

Naw, self proclaimed morons. Remember this http://www.englishforum.ch/35818-post8.html

That clearly explains where their boneheaded business strategy comes from.
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April 02, 2014, 04:39:49 PM
 #31746

It's official, I'm no longer a KNC customer in waiting. My final refund arrived today. Well, the good thing about it all is I basically just got paid $30,000 for the 31BTC I sold back then.
So, recommendations. Antminer S2 or Spoondoodilies?
Mining at home or Colo?  Well, actually, unless density is hugely important I'd go with the S2, but only after seeing some end-user reviews.
I like the Spoondidler, but it's loud, pricing is prohibitive, and there's a pretty sizeable delay between order and receive.  It's a really nice looking piece of HW though.

I rent DC space $50/mo per 45U rack plus power, so 30 spoondoodilies in 1 rack is only $100/mo cheaper than 3 racks of 10 S2's

IMHO putting 30 Spooners in one rack is a non-starter.
Because of the heat density you would have to spread them amongst racks.
Most ordinary racks can not dissipate more than about 10KW with the doors closed without some serious (i.e. expensive) cooling solurtion (water cooling, sealed hot/cold aisle, high volume air flow, etc.).
Also, most data centres are not designed to handle that kind of spot heat output (I worked in data centres for 36 years).
Sorry, big generalisation here as I do not know your precise circumstances, but when I watched their video when they said you could put 30 in one rack I split my sides laughing.  Grin

If you think I deserve it - BTC always welcome - 14GkxT2xcpgvGVBgMjtGeFiXrxnttBSRRF
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April 02, 2014, 04:57:11 PM
 #31747

What interpetation we have to give at Q1/Q2 promised delivering ? Depends on meaning of "/" in Q1/Q2. What interpretation to give? In fact, it is entirely plausible That "/" means that the Neptune is delivered between the last days of March and early April. Knc should be more careful in writing the terms of the contract.

from wikipedia : http://en.wikipedia.org/wiki/Slash_(punctuation)#In_English_text

Quote
The slash is most commonly used as the word substitute for "or" which indicates a choice (often mutually-exclusive) is present.

They obviously meant "or", i.e. "Neptune will ship in either Q1 or Q2." They did that to dupe people into believing that Q1 was a possibility. They were never going to ship in Q1, but they wanted people to think they would, without flat out lying about delivery dates. It worked. Tons of people ordered believing in a false Q1 ship date.

Buy & Hold
Biodom
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April 02, 2014, 04:58:48 PM
 #31748

Here are my predictions:

1. KnC will create 3 datorhalls by April 30. They will use one for themselves-they are already doing it.
2. They will provide a choice to struggling Neptune pre-order holders: refund, use 3TH in the datorhall for 3 mo for free, then pay high price/mo OR wait and get Neptune on June 30 (last day of Q2) plus straight refund option, of course. I assume that one datorhall would be for those who take the hosting option.
3. They will also announce selling of bitcoin hashing on first-come-first serve basis. Because cloudhashing services are ridiculously overpriced, one datorhall will pay for the other two.

All scenarios are bad, of course, there is no silver lining.
At this point my wish is for BTC to go to $60; although i will get a big hit on current bitcoin holdings, I would be able to purchase 5 times more with cash and disgusting hosting farms will be finished for good.

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April 02, 2014, 05:04:05 PM
 #31749

They did that to dupe people into believing that Q1 was a possibility. They were never going to ship in Q1, but they wanted people to think they would, without flat out lying about delivery dates. It worked. Tons of people ordered believing in a false Q1 ship date.

I think that everybody agree on this point by now. Miners are so gullible, they don't care-watch those Titan orders, LOL, although, I think that Titan will probably ship before Neptune just to make a point [that they are not always trying to fool you].
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April 02, 2014, 05:04:12 PM
 #31750

What interpetation we have to give at Q1/Q2 promised delivering ? Depends on meaning of "/" in Q1/Q2. What interpretation to give? In fact, it is entirely plausible That "/" means that the Neptune is delivered between the last days of March and early April. Knc should be more careful in writing the terms of the contract.

from wikipedia : http://en.wikipedia.org/wiki/Slash_(punctuation)#In_English_text

Quote
The slash is most commonly used as the word substitute for "or" which indicates a choice (often mutually-exclusive) is present.

They obviously meant "or", i.e. "Neptune will ship in either Q1 or Q2." They did that to dupe people into believing that Q1 was a possibility. They were never going to ship in Q1, but they wanted people to think they would, without flat out lying about delivery dates. It worked. Tons of people ordered believing in a false Q1 ship date.

In this case interpretation of "/" is to intend in this way: Knc promised us to ship all miners in the period starting from q1 to q2. But the did not shipped anything in q1. They broke their promises. They have to refund us (if we want)  not only in dollars, but also in BTC
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April 02, 2014, 05:23:17 PM
 #31751

Well in case anyone is wondering, they're still processing refunds without problems, I just asked for a refund of a Neptune (CA batch) and they said it'll be processed shortly...

The problem is you have recieved it yet?

J



I sent an e-mail requesting refund of my CA batch Neptune Friday morning, including bank details. The response within 2 hours: Refund will be processed shortly. Today the status in the history switched to "Order refunded".

Will let you know when the money hits my account.

My online bank account statement shows the money has arrived today - very fast indeed !
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April 02, 2014, 05:43:43 PM
 #31752

My online bank account statement shows the money has arrived today - very fast indeed !

I think it was mentioned earlier somewhere that they issue refunds on Tuesdays
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April 02, 2014, 05:50:54 PM
 #31753

I got my refund today at my Credit Union! I was having so many problems since I had to use 2 swift codes but it did go through, I am so happy.

Now the funny part. I opened a new bank account today at the Royal Bank to process the refund since KNC didnt seem to know how to wire money to a CU. As I was walking there I got a phone call that the bank had been robbed and that I needed to go to a different branch, thought to myself this is going great already. Went to the other branch and set everything up no problem, got my swift code and account number etc. Get back to work and low and behold there is an email from my Credit Union telling me that the funds had just arrived!

I'm just happy to be out of this mess now and pay off some bills. Since my order is now cancelled expect an update from KNC that they will be doubling the Neptune hashrate :p

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April 02, 2014, 06:49:03 PM
 #31754

I trust a man who knows what he doesn't know 100x more than a man who thinks he knows everything.

ICCCCEEEBBBBBEEEEERRRRRRRRRRGGGGGGGGGGGGGGGGG!


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"I am not The Avenger"
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April 02, 2014, 06:59:44 PM
 #31755

also the litecoin payment system is not working, i tried to pay for a 'titan' with LTC but failed 4-5 times. i think its a sign - IE - dont bother.
You read this thread and are still willing to put money down on the no refunds black hole that is:



Funniest meme I've seen in months.  Thanks!
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April 02, 2014, 07:38:59 PM
 #31756

I finally requested a refund. It was a fun run, but I now estimate that if I am to make a profit, BTC will have to rise in value, and in that case it would obviously be better to just buy BTC directly.

Buy High Powered Lasers from BitLasers.com
BTC: 1Fahk2aa4NS4Qds4VDAL4mpNArDEdV2K5K
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April 02, 2014, 07:47:32 PM
 #31757

I have to ask an information. When you received a refund, what's motivation on bank transfer from knc ? refund ?
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April 02, 2014, 07:53:24 PM
 #31758

Can't wait to receive double the order i made with so many refunds Cheesy (won't happen, but i like to dream)

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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April 02, 2014, 07:57:39 PM
 #31759

$10000 for 3000GH = 0.007 btc per gh,  cex april end is 0.008, may end is 0.004, chinese 1th is 0.006 with 3-4 days delivery.

Unfortunately this preorder is already dead on arrival.  A for efforts though..

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April 02, 2014, 08:05:12 PM
 #31760

$10000 for 3000GH = 0.007 btc per gh,

same price as you get on PBMining for 5 years hashing - and yes, that's overpriced.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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