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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3045500 times)
RawDog
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April 15, 2014, 09:50:25 AM
 #32321

KNC took a stellar reputation and turned it to shit in record time.  How did they manage that?

 KNC don't believe in their products, nor do they want to take any responsibility for them. That should be a massive red flag for anybody thinking about ordering from them.

If... we'll start to see all these parasites die off.
tl/dr KNC are assholes Grin

Man, that is harsh stuff. 

I wonder if KnC really doesn't believe in their products.  I wonder why 'no refunds', 'no warranty' strategy has developed. I agree that is a big red flag of sorts. 

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April 15, 2014, 10:38:28 AM
 #32322

... oh, I didnt see that before.... upgrade modules, 6000 dollar neptunes and mini neptunes....  must be an announcement coming soon....

bro, I don't think anyone here is buying their garbage anymore. we don't care
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April 15, 2014, 10:38:58 AM
Last edit: April 15, 2014, 10:51:08 AM by The Avenger
 #32323

KNC took a stellar reputation and turned it to shit in record time.  How did they manage that?

 KNC don't believe in their products, nor do they want to take any responsibility for them. That should be a massive red flag for anybody thinking about ordering from them.

If... we'll start to see all these parasites die off.
tl/dr KNC are assholes Grin

Man, that is harsh stuff.  

I wonder if KnC really doesn't believe in their products.  I wonder why 'no refunds', 'no warranty' strategy has developed. I agree that is a big red flag of sorts.  
If you got a October Jupiter last year with faulty die0 boards, KNC refused to act legitimately and take responsibility to replace them straight away - at their cost - which is how it should be for a manufacturer who ships faulty goods.

They took a stance that forced us customers to hold onto their faulty equipment. They made it so that it cost them nothing, while it would cost customers thousands of dollars in loses/downtime to resolve the problem caused by knc poor engineering/very poor quality standards. That, after many of us already lost thousands of dollars due to them shipping late.

As they are now selling these boards at $350 - which is no doubt still making them a profit - it's pretty clear the COST of these boards is a lot less than $350. What do we reckon - $200? About 150 euros??

So it just goes to show how disgusting their treatment of customers was in the past. They could have replaced 4 faulty boards at a cost to them of about $800, but decided to fuck everyone with faulty boards instead.

tl/dr - KNC are greedy scum who like nothing better than to fuck their customers to line their own pockets.

still tl/dr - KNC are greedy parasites. The host is rejecting them now!

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April 15, 2014, 11:02:16 AM
 #32324

KNC not responding to support questions/mail anymore ?

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April 15, 2014, 12:23:01 PM
 #32325

Who would know the difficulty would be 1000x harder now than last spring.  Even though the btc price increased 6x.
Most informed miners should have known the difficulty would be 1000x more than last spring; this is why so many of us tried to warn newer miners - they just didn't listen and assumed we just wanted the mining to ourselves. The price no one can predict though.

Exactly. But most newer miners are just blinded and defeaned by greed.

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April 15, 2014, 01:13:29 PM
 #32326

Who would know the difficulty would be 1000x harder now than last spring.  Even though the btc price increased 6x.
Most informed miners should have known the difficulty would be 1000x more than last spring; this is why so many of us tried to warn newer miners - they just didn't listen and assumed we just wanted the mining to ourselves. The price no one can predict though.

Exactly. But most newer miners are just blinded and defeaned by greed.

different to the old miners who just wanted to contribute, help and give...    Cheesy
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April 15, 2014, 01:15:39 PM
 #32327

Who would know the difficulty would be 1000x harder now than last spring.  Even though the btc price increased 6x.
Most informed miners should have known the difficulty would be 1000x more than last spring; this is why so many of us tried to warn newer miners - they just didn't listen and assumed we just wanted the mining to ourselves. The price no one can predict though.

Exactly. But most newer miners are just blinded and defeaned by greed.

different to the old miners who just wanted to contribute, help and give...    Cheesy

Or the old miners who burnt out their ability to contribute, help and give.

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April 15, 2014, 02:28:02 PM
 #32328

Any details how Incan install the extra ports at Jupiter board?
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April 15, 2014, 03:07:24 PM
 #32329

Any details how Incan install the extra ports at Jupiter board?

Jellin! We've all been waiting for your reply, did you come your pants, and/or fall off your scooter like was speculated?


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April 15, 2014, 03:23:03 PM
 #32330

glad i refunded my Neptune at ~$1100 months ago. Since i could refund i looked at it like cashing out with the option of taking a neptune if things went well. If not it was like cashing out at the top

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bobsag3
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April 15, 2014, 03:34:15 PM
 #32331

Still waiting on a refund, I was told my bank information was wrong and they would charge me for the wire fee, but the funny thing is we have received intl wires from their exact bank using the same information... not exactly happy.
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April 15, 2014, 04:35:07 PM
 #32332

Who would know the difficulty would be 1000x harder now than last spring.  Even though the btc price increased 6x.
Most informed miners should have known the difficulty would be 1000x more than last spring; this is why so many of us tried to warn newer miners - they just didn't listen and assumed we just wanted the mining to ourselves. The price no one can predict though.

actually that's not true, most "informed" miners were saying this average 20% increase is unsustainable and not realistic, when few others including myself showed the actual calculator using a profitability decline of 0.001 (20%).

the truth is as long as there is money to be made, the hardware will be produced, resulting in sustained difficulty increase.  Only way for difficulty to slow down is if the hardware cost basis becomes unprofitable - and that solely depends on the btc/usd price.  If we have a long period of $350/btc, then yes you will see difficulty slow down as hardware production/sales slows.  But at the current level, there is no end in sight. Especially with all those new comers pumping out hardware in the THs range now.

The current difficulty is only ~59000TH, 20% is 11800TH, that may seemed like a significant hash power in the old days, but with the new 2-3 TH per unit miners from all the manufacturers. It's really not that much.

The only sure way to predict difficulty is looking at btc/usd.

I am also now a big fan of cex.io, their prices have come down to a level that's very competitive/better than physical hardware, without any of the mining risk, and ability to quickly unload at a moment's notice is invaluable. Doubt i will ever buy another physical miner unless there is a 20%+ discount to the cex price.


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sickpig
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April 15, 2014, 04:42:05 PM
 #32333

Any details how Incan install the extra ports at Jupiter board?

Jellin! We've all been waiting for your reply, did you come your pants, and/or fall off your scooter like was speculated?



Rotfl

Jelin don't take it too personally we do think you're really a funny guy :-)

Anyway I seem to recall that someone soldered two additional ports on a controller with 4 board plugs. Search for it in this or in the overclock thread

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April 15, 2014, 04:45:58 PM
 #32334


I am also now a big fan of cex.io, their prices have come down to a level that's very competitive/better than physical hardware, without any of the mining risk, and ability to quickly unload at a moment's notice is invaluable. Doubt i will ever buy another physical miner unless there is a 20%+ discount to the cex price.



i'm not registered yet, would you have a referral link please? you seem like you should have some referrals, and if i'm going to buy anyway, why not...

to remain on topic: KnC remain clueless I see. 'please purchase a 'mini' neptune, but you can have it when it will mine 0.01btc per week.' all the fun of the totally unfair!

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April 15, 2014, 05:44:08 PM
 #32335

I am still asking myself why people keep making preorders when they can buy miners in hand?


 
 
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raskul
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April 15, 2014, 05:45:45 PM
 #32336

I am still asking myself why people keep making preorders when they can buy miners in hand?

my newest purchase ships tomorrow; yay!

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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April 15, 2014, 07:16:13 PM
 #32337

I am still asking myself why people keep making preorders when they can buy miners in hand?

Exactly. Why pay $3495 for a "mini" Neptune delivered who knows when and if, when you can still get roughly the same amount of hashing power now for about $3600 (buy 8 ants S1) and be hashing NOW vs. will you ever???

Additional benefit with the ants: if one unit goes down, you're not dead in the water with the rest of them still working.
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April 15, 2014, 07:22:37 PM
 #32338

Anyone who went for the swap from Neptune to Jupiter order and was contacted?

BR

Prepare to enter a world of stress
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April 15, 2014, 09:08:06 PM
 #32339

Who would know the difficulty would be 1000x harder now than last spring.  Even though the btc price increased 6x.
Most informed miners should have known the difficulty would be 1000x more than last spring; this is why so many of us tried to warn newer miners - they just didn't listen and assumed we just wanted the mining to ourselves. The price no one can predict though.

actually that's not true, most "informed" miners were saying this average 20% increase is unsustainable and not realistic, when few others including myself showed the actual calculator using a profitability decline of 0.001 (20%).

the truth is as long as there is money to be made, the hardware will be produced, resulting in sustained difficulty increase.  Only way for difficulty to slow down is if the hardware cost basis becomes unprofitable - and that solely depends on the btc/usd price.  If we have a long period of $350/btc, then yes you will see difficulty slow down as hardware production/sales slows.  But at the current level, there is no end in sight. Especially with all those new comers pumping out hardware in the THs range now.

The current difficulty is only ~59000TH, 20% is 11800TH, that may seemed like a significant hash power in the old days, but with the new 2-3 TH per unit miners from all the manufacturers. It's really not that much.

The only sure way to predict difficulty is looking at btc/usd.

I am also now a big fan of cex.io, their prices have come down to a level that's very competitive/better than physical hardware, without any of the mining risk, and ability to quickly unload at a moment's notice is invaluable. Doubt i will ever buy another physical miner unless there is a 20%+ discount to the cex price.



I have watched cex.io about a week. Price / GHS looks reasonable. Pointed one 1TH miner there and no problems (yet Smiley. Looks like that I will also start buying GHS from there, not anymore own hardware - too expensive / too much headache.
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April 15, 2014, 10:16:40 PM
 #32340

Just checked the board sale and the max order went from 3 to 500 but only 362 available ....
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