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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3011528 times)
je1p7u7
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April 03, 2014, 03:41:41 AM
 #31781

The party is about over boys and girls.

BTC is $422 USD

Every week is new bad news.

Silk Road

Gox

KNC screwing you over

US makes Bitcoin Property

China

There will be new bad news every week and Bitcoin will be down to $100 in 60 days if this continues.


Question is why would you not refund every single order you have pending where ever a refund was possible?


Any other insightful predictions ya need from me?

Going to mine 24-25 BTC with your KNC Neptune? If not than you are screwed because you paid 10 grand for it.

Each bit of bad news kills BTC by $100

3 more bad stories and we are at $100

5 more stories and its over BTC will be at $10, All companies will close, bankruptcy everywhere.
Difficulty too high on a currency worth $10. Game over.



The beautiful thing is that BTC gets stronger when the price goes down after a high since it becomes less profitible to create large mining operations and that works toward better distribution of hashing.  I'm glad that the technical foundations of bitcoin are still undefeated and that sends a good message for long term growth. I always felt that a price above 600 is short term anyway. I think we all got carried away by our visions of riches. My precious...

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raskul
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April 03, 2014, 06:40:01 AM
 #31782


The beautiful thing is that BTC gets stronger when the price goes down after a high since it becomes less profitible to create large mining operations and that works toward better distribution of hashing.  I'm glad that the technical foundations of bitcoin are still undefeated and that sends a good message for long term growth. I always felt that a price above 600 is short term anyway. I think we all got carried away by our visions of riches. My precious...



This. A very sensible outlook. I'm relaying to myself, we have only had one block halving as yet. Even if these big players keep mining while the price continues to plummet, don't you think the first manufacturers out the traps with a rig upwards of 10TH+ aren't going to be able to sell them? As i've previously pointed out, 20nm is just a stepping stone to 16nm, and the h/w manufacturers who decided to go with this intermediate tech will be the losers.
Bitcoin is an enthusiasts game, not a trader's business. Traders and mass farms will leave us because of their early greed and the network will again become spread. chill the beans, get your refund, take a holiday and comeback later - or if you must continue hashing, get something a bit more viable.
Even piggyback mining is now cheaper; price-for-price, than a KnC Neptune - I think it's been already pointed out.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
sickpig
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April 03, 2014, 07:41:04 AM
 #31783

The party is about over boys and girls.

BTC is $422 USD

Every week is new bad news.

Silk Road

Gox

KNC screwing you over

US makes Bitcoin Property

China

There will be new bad news every week and Bitcoin will be down to $100 in 60 days if this continues.


Question is why would you not refund every single order you have pending where ever a refund was possible?


Any other insightful predictions ya need from me?

Going to mine 24-25 BTC with your KNC Neptune? If not than you are screwed because you paid 10 grand for it.

Each bit of bad news kills BTC by $100

3 more bad stories and we are at $100

5 more stories and its over BTC will be at $10, All companies will close, bankruptcy everywhere.
Difficulty too high on a currency worth $10. Game over.



?

come on Joe, you should have known better.

the latter part of your post in particular seems plain FUD.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
erskPeter
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April 03, 2014, 07:56:50 AM
 #31784

Hi, I just want to let everyone know that i got a refund for a big quantity of neptunes without any problem.

the old proposal is stil valid.

https://bitcointalk.org/index.php?topic=291141.msg5944363#msg5944363

Cheers
DPoS
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April 03, 2014, 08:03:05 AM
 #31785

Hi, I just want to let everyone know that i got a refund for a big quantity of neptunes without any problem.

the old proposal is stil valid.

https://bitcointalk.org/index.php?topic=291141.msg5944363#msg5944363

Cheers

of course.. they used free interest loans and built uberhall ..   KNC aren't crooks, they just cut rope on all their early supporters


~~BTC~~GAMBIT~~BTC~~Play Boardgames for Bitcoins!!~~BTC~~GAMBIT~~BTC~~ Something I say help? Donate BTC! 1KN1K1xStzsgfYxdArSX4PEjFfcLEuYhid
Crypto_Cumbrian
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April 03, 2014, 08:24:40 AM
 #31786

Refund Requested.

That's me Out.

Reasons  (BTC down money better spent on buying BTC than Mining) at todays rate I can get about 26 BTC with my refund money.

To mine 26 BTC at 3TH/s it would take 86 Days at the current Diff rate with no diff change.

With no message on Shipping Dates or Delays in manufacturing , even if they Offered 4TH in the Cloud, it still does not calculate.

As Iron Maiden says  "Run to the Hills"

C_C


Money now in my Bank

Time-frame

Emailed KNC Monday at 15:00 GMT
Money in My Bank Thursday 08:00 GMT

C_C
RoadStress
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April 03, 2014, 08:42:24 AM
 #31787

its getting harder by the day to hold fast.

but what else is there?

refund 10k, buy BTC at 400 and watch them keep dropping to 100?

its a catch 22 situation and these 'uberdatahall' guys are making it a whole lot worse with their greed!

if they have had the ability to give us our 3th over a month ago, the only excuse for not doing so is kleptomania....

i also wish to see BTC plummet to 0.01usd just to destroy these well-fed clowns.

but then i also have BTC i dont want to be worthless....obviously!

catch 22 - rock & a hard place - darlin' u've got to let me know....should i cool it or

Refund the miner and enjoy your cash. Have cash, some miner, BTC, lTC, stocks, RE, whatever. I felt much better after I refunded the second miner (still clinging to one-just stupid curiosity). However, I realize one thing today-we are competitors to Sam Cole, not really customers anymore, so he is gently prodding us toward the exit. He wants KnC to become a bank with focus on Africa (no kidding).

Enjoying the cash now is the same thing as back when BTC was 800$ or back before ordering Neptune. It's the same cash then and now. The only question now is if it's worth refunding and getting more BTC than what BTC you paid for it, but what will you do with it except hold them?

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
Xialla
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April 03, 2014, 09:53:59 AM
 #31788

refunded.
sickpig
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April 03, 2014, 10:03:19 AM
 #31789

refunded.

didn't realize you had bought a neptun. I seem to remember you were quite skeptical, but maybe I'm wrong.

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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April 03, 2014, 10:15:58 AM
 #31790

refunded.

didn't realize you had bought a neptun. I seem to remember you were quite skeptical, but maybe I'm wrong.

yeah I was, but I want be again in game so I decided to buy one. (when BTC was over 1k $) In meanwhile, KNC turned from couple of crypto geeks to greedy business - and I really don't want to support this..
pedrosoft
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April 03, 2014, 10:17:22 AM
 #31791

How many days (from request) for a refund ?
pitchbend
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April 03, 2014, 10:17:39 AM
 #31792

So people that got their refund, how much time passed between your order changing to "Refund ready for process" and the actual refund? especially for SEPA transfers?

Also there isn't any case yet of a refund that wasn't honored right? I requested mine on Monday and I'm a bit nervous because it looks like we are in the last big wave of refunds, hopefully they made enough money with their datacenter to cover all refunds and they won't go belly up...
jason20005
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April 03, 2014, 10:20:09 AM
 #31793

I ordered a neptune from kncminer.cn.
They do not allow refund......
pedrosoft
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April 03, 2014, 10:21:28 AM
 #31794

So people that got their refund, how much time passed between your order changing to "Refund ready for process" and the actual refund? especially for SEPA transfers?

Also there isn't any case yet of a refund that wasn't honored right? I requested mine on Monday and I'm a bit nervous because it looks like we are in the last big wave of refunds, hopefully they made enough money with their datacenter to cover all refunds and they won't go belly up...

+ 1
The Avenger
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April 03, 2014, 10:30:23 AM
 #31795

So people that got their refund, how much time passed between your order changing to "Refund ready for process" and the actual refund? especially for SEPA transfers?

Also there isn't any case yet of a refund that wasn't honored right? I requested mine on Monday and I'm a bit nervous because it looks like we are in the last big wave of refunds, hopefully they made enough money with their datacenter to cover all refunds and they won't go belly up...

-2

"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
pedrosoft
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April 03, 2014, 10:44:23 AM
 #31796

Anyone in SEPA area ?
joeventura
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April 03, 2014, 10:50:10 AM
 #31797

The party is about over boys and girls.

BTC is $422 USD

Every week is new bad news.

Silk Road

Gox

KNC screwing you over

US makes Bitcoin Property

China

There will be new bad news every week and Bitcoin will be down to $100 in 60 days if this continues.


Question is why would you not refund every single order you have pending where ever a refund was possible?


Any other insightful predictions ya need from me?

Going to mine 24-25 BTC with your KNC Neptune? If not than you are screwed because you paid 10 grand for it.

Each bit of bad news kills BTC by $100

3 more bad stories and we are at $100

5 more stories and its over BTC will be at $10, All companies will close, bankruptcy everywhere.
Difficulty too high on a currency worth $10. Game over.



The beautiful thing is that BTC gets stronger when the price goes down after a high since it becomes less profitible to create large mining operations and that works toward better distribution of hashing.  I'm glad that the technical foundations of bitcoin are still undefeated and that sends a good message for long term growth. I always felt that a price above 600 is short term anyway. I think we all got carried away by our visions of riches. My precious...



and it is less profitable for joe schmoo to mine and when Joe Schmoo has to spend $1000 for mining gear that will never make $500 then the game is over. Folks fail to realize this whole thing can be a worthless venture for everyone overnight.

BTC goes to $10 and NO ONE can afford to mine because the difficulty is 5 billion

BitCoinRateWatcher.com One stop for latest rates from MtGox, Bitstamp, CampBx, Coinbase and Bitpay all on one mobile friendly screen.
Searing
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April 03, 2014, 11:30:09 AM
 #31798

The party is about over boys and girls.

BTC is $422 USD

Every week is new bad news.

Silk Road

Gox

KNC screwing you over

US makes Bitcoin Property

China

There will be new bad news every week and Bitcoin will be down to $100 in 60 days if this continues.


Question is why would you not refund every single order you have pending where ever a refund was possible?


Any other insightful predictions ya need from me?

Going to mine 24-25 BTC with your KNC Neptune? If not than you are screwed because you paid 10 grand for it.

Each bit of bad news kills BTC by $100

3 more bad stories and we are at $100

5 more stories and its over BTC will be at $10, All companies will close, bankruptcy everywhere.
Difficulty too high on a currency worth $10. Game over.



yeah....only option is for other "big money" to push back at least in the USA for 'sensible' regulation on the IRS laws ...there will not be
enough NEW users to btc in trade or mining under current setup (hell i'd never would have jumped into this zoo this year) gonna see what
my IRS tax liablility is....my info is on bitstamp (real info with my puny blockchain) so i'm screwed...in that bitstamp bitcoinbuilder and mt gox
all took this info with the statement it was to comply with us gov't money launder on my various wire xfers and refunds back an forth i must b
lit up like an xmas tree in a database someplace... rules etc...that and the forms i filled out to knc and such
at 10k a pop even with refunds on some...again i mean the bank wire xfers and deposit waivers we sign in usa
...so paper trail i'm screwed...I made from oct 18th till end of 2013 just over 16k and change...i figure
my taxes (maybe less with bfl losses and equip knc counted etc etc) could be as high as with state and local 6K or as low as 2k depends
on what they consider business deductable on my puny 16k which IRS says if i show any profit after expenses 25% gross income tax and 10 percent
for my state and a 13.6 percent self-employment tax (if i want equip deducted expenses etc) or so i have it figured so far..and my CPA lady
said with Bitcoin a property DON"T SELL ANY NOW ..which may be the only correct thing i did....i held all my coin
in that if it is a property it is 43% tax if kept coin less then 1 year on capital gains after coin is held 1 yr (property) then 20 % and boy
did i make captial gains last year...of course this all is off the cuff talking to here i'll let you know real deal on tuesday but looks ugly.....

anyway better to come clean don't trust the paper trail remember them nice swiss banks that sent info with the losses and equip i have this year
of taxes 2013 i'll eat it..its only 16k and if it all goes to IRS well
with the info we had from congress and treasury that BTC was being treated
as a currency..they changed their mind when the mt gox and other scandals hit the fan
looks tooo symbolic they dump this all out this harsh on march 25th and april 15th is the end of tax season
lets drive btc down real good as people cash out to pay tax man quick
also a loss ..and 2014 looks the same anyway Tuesday I do a revised tax stuff with the CPA lady i"ll let you know the damage

on the other hand i was a blazing success on my pt job last year (at least on paper)

and even if i break even (knock wood) the next 2yrs ....was kinda fun to rattle the establishments cage (now if i pay $$$ not so much)

Searing

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ImI
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April 03, 2014, 11:34:27 AM
 #31799

BTC goes to $10 and NO ONE can afford to mine because the difficulty is 5 billion

logical error.

if NO ONE can afford to mine, why should the difficulty stay at 5 billion?

if NO ONE can afford to mine, no one WILL mine. and if no one will mine difficulty goes down to 1.

logic ftw my friend.
Crypto_Cumbrian
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April 03, 2014, 11:45:59 AM
 #31800

Anyone in SEPA area ?

I'm UK based.

I don't think its a SEPA Transfer as the refund is in dollars and Not Euros.

When I got my SWIFT code from Barclays they did ask if it was EURO's, I said it was to be in dollars. So I don't know if there are different SWIFT codes, one for EURO (SEPA) and one for Dollars (USA).

C_C
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