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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3012277 times)
edgar
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April 20, 2014, 03:20:35 PM
 #32481

Time to move forward: https://bitcointalk.org/index.php?topic=575499.0

I'm still waiting for 2 refunds from KnC...


Guys, lets go all together to spoondoolies, they look serious and accurate.

I will take it.

Fuck knc shit. They used our money.

Dont forget, you can get 2,8 TH sp10s delivered in May for 7200$....
Thats your Neptune right there, plus some cash to go shopping, and no more waiting until June.

Or get some A1 clones for a good price today. Either way, you can have your 3TH(+) today for the price KnC took...

Nobody thought this would happen? As soon as KnC started announcing that datorhall, they should have expected someone would come along with actual good intentions and pull the rug from under their feet, sad though it is to say, i'll give that KnC farm until christmas before they are forced to power it down due to an actual spread of the network hashrate being too big for it to cope... alternatively Dr Bunsen and Beaker could become resellers for Spondoolies in Scandinavia  Cheesy

That will be when they finally decide to sell us those upgarde modules etc we wanted 6 months ago.


though theyll still try over-charging everyone and offering a 45 minute warranty
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April 20, 2014, 05:06:22 PM
 #32482

--snip--
Also, providing the plan B hashpower only in June, the last possible month of their production promise, this shows that they never intended to come anywhere close to Q1 when announcing shipment in Q1/Q2.

While this isn´t legally misleading, it was at least psychologically.

They've done nothing but mislead people and believe that it's solid business practice.

http://www.va.se/special/knc-miner-631834
Quote
The bitcoin fever, just as other gold rushes, has occasionally been chaotic. Large fortunes have been won and lost. Fights, bluffs and mistrust have been common. In short, it has been a bit of a Wild West. Even KNC Miner has a turbulent history. “We lied the whole time.” That is how Andreas Kennemar describes the strategy they used to reach the position they have today within the bitcoin world today, as a respected and profitable company.

Every thing they write is written with an underlying message.

For example, they said the window to switch to the Frankenjups was 7 days, they had them in stock and would ship them immediately. Which would have been shipping Wednesday/Thursday this week, if they had them in stock. So that was more lies.

They later let it slip that "Production is currently ongoing", confirming my hunch from a few days ago that they never built 400 Frankenjups "on spec", the probably just had a working prototype and then put the newsletter out filled with lies, ready to exploit people with inferior technology. 18 Jupiter boards at roughly $200 per boards = you paid $10k (or $12k) for $3.6k of boards rammed into a units with a 90 day warranty, what you usually get with reconditioned/refurbished/used goods. KNC must be rubbing their hands with glee at this robbery their customers have willingly agreed to.

So it's farily easy to conclude they didn't have any Frankenjups "in stock" - it was pure lies. As soon as the 8th April newsletter when out and they started to get interest, they probably started to build these freak machines from the 9th onwards. They probably assume they are genius JIT manufacturers. But they are in fact a corrupt business, built on a model of lying and exploitation of customers and customers money.

When they are interviewed, they seem to think they are morally sound and they are doing something to be proud of. They are supporting the local Boden community, sponsoring the ladies handboll team with fees from the kncwallet app. If only people knew the money is coming from dirty business practices, lies and putting completely fabricated and misleading information out there (e.g. announcing they were "getting closer to the launch date of Neptune" back in February, when now saying they are hoping to start shipping in June  https://bitcointalk.org/index.php?topic=170332.msg6127028#msg6127028 - how is February "close" to June, except in the mind of someone trying to mislead), I dont think they'd be so proud of this "great" Swedish start-up.

When are coindesk and other bitcoin news websites going to stop being toothless whores for these manufacturers and start writing the truth about what they do? I've yet to see the coindesk article where they report on how KNC lied and betrayed their customer based and went well and truly beyond the "not mining more than 5% of the hashrate they sold" (they must be close to almost 100% of that by now with the datorhall) and are basically a corrupt bunch of asshole looting the bitcoin community and should be treated like a whore who is scratching herself way too much - everyone walk away and stay away. Lest you give them more power to thrive on their lies and exploit everyone.

P.S. I am available for children's parties Cheesy

Avenger i must give you credit when and where you deserve it. Even if you were obviously over exaggerating things in the past and you were bad intended towards KnC from the start when things weren't so bad as now, I must admit that you won this and KnC lost it. Hats off to you sir!

Not selling overpriced upgrade boards and/or Jupiters in December/January was a very stupid thing for KnC to do, but i understand them somehow. They didn't want to deal with a customers when they were busy planning for their big ass DC. Selling upgrade boards now for 350$ and delaying shipping and also delaying refunds for people when everyone knows that they made 500k$ per day(maybe ~200-300k$ per day now) from self-mining is simply outrageous. I still stand behind what argument we had in the past, but I am trying to be a fair and reasonable guy here. KnC was a great company back in Jupiter days when compared with companies existing at that time, but as i said it's time to move forward. So long KnC, we had a blast!

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 20, 2014, 05:07:49 PM
 #32483

Time to move forward: https://bitcointalk.org/index.php?topic=575499.0

I'm still waiting for 2 refunds from KnC...


Guys, lets go all together to spoondoolies, they look serious and accurate.

I will take it.

Fuck knc shit. They used our money.

Dont forget, you can get 2,8 TH sp10s delivered in May for 7200$....
Thats your Neptune right there, plus some cash to go shopping, and no more waiting until June.

Or get some A1 clones for a good price today. Either way, you can have your 3TH(+) today for the price KnC took...

Nobody thought this would happen? As soon as KnC started announcing that datorhall, they should have expected someone would come along with actual good intentions and pull the rug from under their feet, sad though it is to say, i'll give that KnC farm until christmas before they are forced to power it down due to an actual spread of the network hashrate being too big for it to cope... alternatively Dr Bunsen and Beaker could become resellers for Spondoolies in Scandinavia  Cheesy

That will be when they finally decide to sell us those upgarde modules etc we wanted 6 months ago.


though theyll still try over-charging everyone and offering a 45 minute warranty

Really?


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April 20, 2014, 05:25:53 PM
 #32484

While the price for the upgrade board seems attractive and fair, keep in mind that you still need to buy the heatsink and fan, pay for shipping and the PSU on top of that.



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April 20, 2014, 05:53:50 PM
 #32485

While the price for the upgrade board seems attractive and fair, keep in mind that you still need to buy the heatsink and fan, pay for shipping and the PSU on top of that.

Received 12 last week, gives me something to do with my empty controller boards, I had some fun making a 6 module system, adding the 5th and 6 port to all of my Jupiters today just in case I end up bumping them up as well..

1CPi7VRihoF396gyYYcs2AdTEF8KQG2BCR
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April 20, 2014, 07:46:20 PM
 #32486

Day 12 without response nor refund, 3 emails ignored, Worthless POS == KnC. They just can not get their fist far enough up our asses to satisfy their greed. Hey shit bags how about giving me that interest free loan back you scumbag liars!
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April 20, 2014, 08:19:57 PM
 #32487

I added up the entire hash rate of all the Scrypt coins on Coin Warz and it came to 260gh.  That isn't very much.  If KNC produces 1000 Titans (Just a guess), each with 300Mhashs, that would dump 300GH onto the script mining network!  That will more than double the total hash power on the network.    This will double the difficulty, just from KNC titans. 

Many of the new alt coins would be overwhelmed by a single Titan because their total hash power isn't even 1 titan worth (300Mhashs.  )  Only Dog coin (71Ghashes) and Lite Coin (151Ghashes) could withstand more than a few Titans on their network.    So most of the new hash power will have to go into those two coins.  And they aren't the most profitable coins. 

So...I'm looking for the real number.  How many Titans and Mini Titans is KNC producing?  Anybody know?

Here is the raw data (in Gigahashes):

71
1.5
1.5
151
2
1.8
1.85
1
0.021
0.07
11.7
0.35
0.5
0.7
0.2
0.1
0.08
0.1
0.03
0.07
0.5
0.2
0.07
0.02
0.1
0.03
0.02
0.02
0.2
0.1
0.02
3.3
0.02
0.08
0.08
0.03
0.4
0.01
0.9
0.07
0.03
0.1
0.7
0.01
0.2
0.01
0.01
0.02
0.2
0.2
0.1
0.03
0.1
0.05
0.007
0.7
0.2
0.04
0.01
0.05
0.4
0.09
0.009

255.007 GigaHashes

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April 20, 2014, 08:28:56 PM
 #32488

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

Quotient- Closed loop economy enviroment experiment
https://bitcointalk.org/index.php?topic=1195335.0
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April 20, 2014, 08:34:19 PM
 #32489

I added up the entire hash rate of all the Scrypt coins on Coin Warz and it came to 260gh.  That isn't very much.  If KNC produces 1000 Titans (Just a guess), each with 300Mhashs, that would dump 300GH onto the script mining network!  That will more than double the total hash power on the network.    This will double the difficulty, just from KNC titans.  

Many of the new alt coins would be overwhelmed by a single Titan because their total hash power isn't even 1 titan worth (300Mhashs.  )  Only Dog coin (71Ghashes) and Lite Coin (151Ghashes) could withstand more than a few Titans on their network.    So most of the new hash power will have to go into those two coins.  And they aren't the most profitable coins.  

So...I'm looking for the real number.  How many Titans and Mini Titans is KNC producing?  Anybody know?

Here is the raw data (in Gigahashes):

71
1.5
1.5
151
2
1.8
1.85
1
0.021
0.07
11.7
0.35
0.5
0.7
0.2
0.1
0.08
0.1
0.03
0.07
0.5
0.2
0.07
0.02
0.1
0.03
0.02
0.02
0.2
0.1
0.02
3.3
0.02
0.08
0.08
0.03
0.4
0.01
0.9
0.07
0.03
0.1
0.7
0.01
0.2
0.01
0.01
0.02
0.2
0.2
0.1
0.03
0.1
0.05
0.007
0.7
0.2
0.04
0.01
0.05
0.4
0.09
0.009

255.007 GigaHashes




They had sold at least 200 by the end of March, and they've said they hope to make 2,500 units with the first batch.  I was a little interested, but came up with similar numbers.  Unless you get one of the first dozen machines, I'm afraid your going to lose a lot of money with the Titan.  Your basically spending twice as much as most bitcoin miners,  hoping to acquire altcoins worth a fraction of the value while difficulty skyrockets
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April 20, 2014, 08:35:22 PM
 #32490

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

they've said q2/q3.  Without delays, that could be as long as September
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April 20, 2014, 08:42:47 PM
 #32491

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

May 21 is the earliest I've heard.  If a lot of hashpower goes online before KNC delivers, the Titan will be worthless.
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April 20, 2014, 08:48:42 PM
 #32492

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.

May 21 is the earliest I've heard.  If a lot of hashpower goes online before KNC delivers, the Titan will be worthless.

Yep, that's why they're not refundable
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April 20, 2014, 09:18:22 PM
 #32493

Even if you were obviously over exaggerating things in the past and you were bad intended towards KnC from the start when things weren't so bad as now
I was not "over exaggerating things in the past". As a recipient of extremely faulty KNC hardware, I was one of the first to see what KNC were *really* like as a company. The rest of you were too blinded by BTC going to all time highs and having hardware that actually worked to see beyond the now, back then.

Anyway, I hope for your sake spongebob-tech don't go bad or you'll have a helluva large angry mob coming for ya RS Wink  Cheesy

"I am not The Avenger"
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April 20, 2014, 10:55:51 PM
 #32494

Anyway, I hope for your sake spongebob-tech don't go bad or you'll have a helluva large angry mob coming for ya RS Wink  Cheesy

Surprisingly, there are companies in crypto-biz that look to establish long term relations with their clients and partners, and base their operations on honest practices, rather then get rich quick schemes.

RoadStress (among others) recognized this early, hence he decided to organize the group sale.
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April 20, 2014, 11:03:38 PM
 #32495

Knc have now real competition on scrypt market...
asiabtc offers 60mh machines.shipping at latest 21.may, when will knc deliver...?
if i read corect, knc can impossible deliver before mid june, most likely later.
I'd at least wait to see if Mr Gridseed bulk-buyer is scamming or not before you jump on that.
Other, seasoned "veterans" of vetting noob companies seem to think that he is a scammer. Be careful.
He's not a "company", and it seems he has an empty wallet....  not a single sale yet claims sold out of the usbminers, a child like website, no faq, no credentials, etc... I don't see him as competition at all.
Even if all is legit... he's re-selling Gridseed miners(lol), and not enough of them to make an impact on Titan imho


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s1gs3gv
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April 21, 2014, 12:58:25 AM
 #32496

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.
Syke
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April 21, 2014, 01:07:57 AM
 #32497

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.

LOL. In your dreams.

Buy & Hold
joeventura
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April 21, 2014, 03:14:26 AM
 #32498


They had sold at least 200 by the end of March, and they've said they hope to make 2,500 units with the first batch.  I was a little interested, but came up with similar numbers.  Unless you get one of the first dozen machines, I'm afraid your going to lose a lot of money with the Titan.  Your basically spending twice as much as most bitcoin miners,  hoping to acquire altcoins worth a fraction of the value while difficulty skyrockets

HAhahhaa Please keep making these generalizations and "Sky is falling" comments.

Litecoin has a difficulty of 5162
Dogecoin has a difficulty of 611

Show your Frickin' math, there are like 150 other Alt coins, tell me how the addition of 625Gh of Scrypt mining hardware will impact these Alt coins and make difficulty skyrocket?

The addition of this hardware is equivalent of adding FPGA hardware to the Bitcoin network, still lots of profit to go around.

The sky is not falling chicken little.


Reminds me of the dead parrot sketch from Monty Python.

This parrot wouldn't Voooom if you put 50,000 volts through it.

Parrot=Difficulty

 






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joeventura
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April 21, 2014, 03:28:05 AM
 #32499

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.

LOL. In your dreams.

What ^^^^ he said fanboy!!

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xstr8guy
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April 21, 2014, 03:55:21 AM
 #32500

There are going to be a lot of embarrassed punters around here next month when KNC starts shipping a 6TH Neptune.

Sorry to say this but it's going to be just the opposite.  There are going to be some mighty sad people when they get their 3THs hosted mining offer on June 30th.  Not a GH more and not a day sooner.

Meanwhile I'll have been hashing away for two months on my FrakenJup.  That is if they actually run without bursting into flames from all of the dust buildup.
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