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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3045500 times)
sveetsnelda
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April 24, 2014, 10:19:59 PM
 #32661

Got my refund today for 3 Neptunes (in BTC)

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bitcoiner23
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April 24, 2014, 10:26:32 PM
 #32662

The problem is: All the refunded Neptunes will mine in the DC and will make each day more BTC sold for Fiat.
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April 24, 2014, 10:49:13 PM
 #32663

Edit: I'm not familiar with what paperwork has to be filled when making a refund for an order that was filled with tax authorities last year. Anyone care to share some details about it?
KFC have mentioned a few times that their first year of business ends June, where they are hoping to post x kazillion of profits. All these neptune refunds are probably good, keeps their tax liabilities lower, like making massive capital investment in infrastructure (i.e. datorhalls).

The longer things go on, the more I think kfc will walk away rich and happy. If the price of BTC goes back to $1000+, their cloud hashing business will sky-rocket. Sad  Cry

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April 24, 2014, 10:53:00 PM
 #32664

The problem is: All the refunded Neptunes will mine in the DC and will make each day more BTC sold for Fiat.

People/Corporations selling as much btc as KNC don't generally leak profits by selling on an exchange.  It's as simple as calling up Barry Silbert and saying, "Hey Barry, want 1000 btc a week?"

Off-Exchange sales only indirectly affect the btc/fiat rate as those sales would have had to go through an exchange had off-exchange transactions not been possible.  However, the correlation isn't 1:1 as off-exchange purchasers would have been equally unlikely to have leaked profits by market buying on an exchange.

I.O.W, don't blame KNC for the slipping btc/fiat exchange rate.
paranoidx
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April 24, 2014, 11:32:35 PM
 #32665

Got my refund today for 3 Neptunes (in BTC)

When did you put in your request?
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April 24, 2014, 11:49:06 PM
 #32666

Got my refund today for 3 Neptunes (in BTC)

Maybe a stupid question: Are there any rules regarding refunds (I mean beside that one has to have ordered/paid Neptunes)? I couldn't find any in my communication with KNC nor on the homepage.
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April 24, 2014, 11:58:13 PM
 #32667

Waiting on BTC refund. I'll let everyone know when refunded. So others have a general idea..

Thanks so much, we will be waited with baited breath!
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April 24, 2014, 11:59:38 PM
 #32668

People are refunding Neptunes, not Titans. You can't refund Titans.

One reason why I went with another company for the scrypt ASIC

and whom would that be?
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April 25, 2014, 12:52:17 AM
 #32669

People/Corporations selling as much btc as KNC don't generally leak profits by selling on an exchange.  It's as simple as calling up Barry Silbert and saying, "Hey Barry, want 1000 btc a week?"

Well for bitcoin to be successful we need coins to be well distributed and not just hoarded by the wealthy and early adopters. I hope they are selling on the exchanges, rather than to corporates, to fairly distribute to many hands.
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April 25, 2014, 09:20:20 AM
 #32670

I think I have been waiting the longest for my Neptunes refund. Requested on 4th April, so today is exactly 3 weeks. Just wrote to them again to remind them.
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April 25, 2014, 12:30:33 PM
 #32671

My condolences to all Frankenjup buyers...but wasn't it to be expected..?
http://forum.kncminer.com/forum/main-category/hardware/36790-got-delivery-of-the-super-jupiters-wtf-knc

..and Thou shalt spread the coin in the name of cryptography for eternity
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April 25, 2014, 12:32:10 PM
 #32672

I think I have been waiting the longest for my Neptunes refund. Requested on 4th April, so today is exactly 3 weeks. Just wrote to them again to remind them.

Im with you- since the 5th.
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April 25, 2014, 12:33:59 PM
 #32673

ouch!

from knc Forum:


Got delivery of the "Super Jupiters" - WTF KnC

Today, 05:29 AM


UPS just delivered two huge parcels from KnC. Opening them I was surprised to find 6 smaller aluminium boxes with 3 ASIC boards and fans on it. When looking through the grills I noticed that some of the big fans were not sitting even straight on the boards and some even had a rubber band around them. Assuming one has to self assemble them, so probably that careless and bad mounting job was done intentionally. I found out that one can remove the white plugs from the bottom and has to open the boxes to remount the fans which might or might not have damages the ASIC boards as they were touching other parts of the board. Extremely disappointed with that bad way of shipping. What happened KnC??

 I continued to unpack and found three controller boards with the beagle bone on it and a bundle of cables. That's it. No case, no box for the controller boards, no MANUAL of how to put it all together. I have to buy today 3 * 1200 W PSU and two ethernet cables (KnC said all cables provided...) and also an ethernet hub. Very disappointed.

 The foam which should hold the fans in place is too short to fill out the box perfectly and seems to have been just squeezes in, no wonder the fans dont sit properly on the boards, not even where they should be but touch other parts. The paste which should help to glue them together is smeared all over the boards. No idea why they put rubber bands around the fans.
 MORE PROBLEMS!!!! Noticed some transistors have fallen off, not properly wielded on the boards!!!!!

 Is there an online manual of how to set up the Super Juniors or does KnC not even care that customers paid 10.000 - 12.000 USD for that crap.

 Or do we get punished by not believing any longer that they will ever ship their Neptunes.

 Bad Job KnC, you really lost it

 As I don't think those Jupiters are safe to turn on even and on every cable there is a warning note that warranty is void if opened, I don't even dare to turn them on especially with parts having broken off the ASIC board. I emailed KnC and will wait for their reply how to solve that situation. Very upset.





Today, 07:21 AM


Having unpacked all 6 boxes, on 5 of them the big massive fans have become loose and damaged the ASIC boards. From another one a huge part even fell out. Have those parts not been even soldered properly??? I was a huge fan of the Jupiter and everything worked smoothly with it. Even when it broke down after a few weeks, KnC asked me to send back the boards and replaced them with new ones.

 Now, I have written to customer support, also to Sam directly and will wait until they reply, sitting on a lot of broken boxes and a big bill for the 3 PSU's and the Ethernet hub I have purchased. I don't dare to plug in those "Super" Juniors as they are definitely not safe to be run and might even burn down my apartment. I am extremely disappointed with KnC and wait how they will handle the refund process. I paid 10.000 USD, waited for months and get a replacement product for the Neptune which is a safety hazard to turn on and falls into pieces on arrival? This is what KnC has become.

 I am waiting for KnC's email to suggest a solution. I definitely won't pay return shipping for 20 kg of hardware garbage. Really shocked


http://forum.kncminer.com/forum/main-category/hardware/36790-got-delivery-of-the-super-jupiters-wtf-knc

Esst mehr Scheisse, millionen Fliegen können nicht irren!  Cool
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jelin1984
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April 25, 2014, 01:27:54 PM
 #32674

What final happen with knc
faetos
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April 25, 2014, 01:33:02 PM
Last edit: April 25, 2014, 01:45:54 PM by faetos
 #32675

Lawsuit, dude. That's a pile of BS they sent you guys. Avenger pegged this one. I think he looked into Joe's crystal ball for a bit.
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April 25, 2014, 01:48:56 PM
 #32676

It is easy to say lawsuit. The reality of the hassle of dealing with instructing Swedish lawyers to handle your case is something else.

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April 25, 2014, 02:19:15 PM
 #32677

Those parts came off the parcel.

Nice KnC parts.







All is Mine!

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bobsag3
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April 25, 2014, 02:26:52 PM
 #32678

And just got a reply about my refund:

"Natalie (kncminer)
Apr 25 16:24

Hi,

Your refund will be processed shortly and we hope that it will reach your account successfully this time.
Unfortunately we can not rush up the process.
We are sorry for the inconvenience.


Best regards 
Med vänlig hälsning

Natalie Forslund

Kncminer
www.kncminer.com
Office: +46 8559 253
20"

Just... wow
ElGabo
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April 25, 2014, 02:29:12 PM
 #32679

I'm very very happy about that i refunded all my orders the day after this plan b news.

Received it in 6 or 7 days.....

But guys that is suxx what you get from them...  Cry

" I'm waiting for my punishment, I know it's on my way
  So cut, cut, cut me up and fuck, fuck, fuck me up"
The Avenger
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April 25, 2014, 03:16:05 PM
Last edit: April 25, 2014, 03:42:27 PM by The Avenger
 #32680

Capacitors and VRM's not soldered properly and falling off?

I'll just bump this comment from last week Wink

You can be almost 1000% certain it's some grade 2 board that didn't pass QA for their datorhall - they are trying to sell their trash to suckers.

The 90 day warranty was a dead giveaway knc were going to ship garbage.

BOOM!

"I am not The Avenger"
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