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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008309 times)
kendog77
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April 28, 2014, 05:28:26 PM
 #32861

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Out of 36 boards only 6 looked usable and of those only 1 is actually working, 2 power up but show completely dead dies and the other 3 do nothing but look good.

That sounds extremely worrying.

That is like taking boards from the trash container and shipping to customers...

Were the heatsinks only stuck onto the board by the thermal paste?

Yup, except now they can claim all of the bad boards as damaged in shipment and get reimbursed by the shipping co./insurance, All the while mining on the equipment they should have sent.

Brilliant.

Bullshit, that would never fly. No insurance / shipping company is going to cover stupidity. KNC will have to eat 100% of this loss.
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April 28, 2014, 05:30:47 PM
 #32862

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Out of 36 boards only 6 looked usable and of those only 1 is actually working, 2 power up but show completely dead dies and the other 3 do nothing but look good.

That sounds extremely worrying.

That is like taking boards from the trash container and shipping to customers...

Were the heatsinks only stuck onto the board by the thermal paste?

Yup, except now they can claim all of the bad boards as damaged in shipment and get reimbursed by the shipping co./insurance, All the while mining on the equipment they should have sent.

Brilliant.
I am fairly certain the shipping companies will demand proof of secure packaging (according to their terms of sale) and wont pay KnC a penny, as this !would smell alot like KnC defrauding the shipment company.

They have specialised teams working to help minimize every penny in reimbursements, and it sure looks very suspicious if every package the company sent out is claimed to be damaged by shipping.




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Biffa
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April 28, 2014, 05:38:57 PM
 #32863

Quote
Out of 36 boards only 6 looked usable and of those only 1 is actually working, 2 power up but show completely dead dies and the other 3 do nothing but look good.

That sounds extremely worrying.

That is like taking boards from the trash container and shipping to customers...

Were the heatsinks only stuck onto the board by the thermal paste?

Yup, except now they can claim all of the bad boards as damaged in shipment and get reimbursed by the shipping co./insurance, All the while mining on the equipment they should have sent.

Brilliant.
I am fairly certain the shipping companies will demand proof of secure packaging (according to their terms of sale) and wont pay KnC a penny, as this !would smell alot like KnC defrauding the shipment company.

They have specialised teams working to help minimize every penny in reimbursements, and it sure looks very suspicious if every package the company sent out is claimed to be damaged by shipping.



Exactly, you think that shipping companies can't use the internet? Sheesh wouldn't take 10 seconds to find out that sort of thing.

No I think that KnC can afford to eat the loss themselves. They wouldn't risk their relationship with shipping companies or insurance fraud charges

wpgdeez
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April 28, 2014, 06:13:47 PM
 #32864

Quote
Out of 36 boards only 6 looked usable and of those only 1 is actually working, 2 power up but show completely dead dies and the other 3 do nothing but look good.

That sounds extremely worrying.

That is like taking boards from the trash container and shipping to customers...

Were the heatsinks only stuck onto the board by the thermal paste?

Yup, except now they can claim all of the bad boards as damaged in shipment and get reimbursed by the shipping co./insurance, All the while mining on the equipment they should have sent.

Brilliant.
If the shipping company has half a brain they wont cover the cost. This is a result of bad engineering not rough shipping.
vesperwillow
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April 28, 2014, 06:14:07 PM
 #32865

Well that sure escalated.

I remember back in the old days (1,200 pages ago), we looked forward to the gear.. and here we are today.

Haha.

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April 28, 2014, 07:25:24 PM
 #32866

Did ANYBODY received refunds in the last two weeks?
I am curious if this process even ongoing?
Thanks.
Liquid71
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April 28, 2014, 07:27:52 PM
 #32867

For consumers in Europe:

http://ec.europa.eu/consumers/ecc/index_en.htm

Click your country and start!

I've seen those pictures.... I was expecting to buy from a "Rolls Royce" or "Rolex" company, invested more then 10.000 dollars to get the best I could get, from the best company in the world, wellknown and respected everywhere, but when I see how it is build, even the worst Chinese manufactor does not make these mistakes.

I am really shocked.... Is this the new way of KNC? Are the still expected Neptunes and Titans also manufactured like garbage?

Anyway,
did people receive a UPS tracking code from KNC? I did not receive any mail or post last week from them.


I was going to order a Titan, but now think my coin will be better spent elsewhere. Good luck to you guys, hopefully you can at least eventually recoup your investment.

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April 28, 2014, 07:30:31 PM
 #32868

 
 Neptune performance upgrade


4/28/2014 6:48:00 PM


KnCMiner Offers Two-for-One Deal on Bitcoin Mining’s Most Powerful Machine to Loyal Customers

 

 

STOCKHOLM, DATE, 2014 — KnCMiner (https://www.kncminer.com/), the most trusted brand in Bitcoin mining, announced today that it will give every current customer who has an outstanding order for a machine from its Neptune line’s first two batches a free Neptune from its upcoming “third batch” of Neptunes. This represents a $5,995 value and, perhaps more importantly, will provide KnCMiner’s most loyal customers with twice the hashing power they would have otherwise received with just one of these machines.

 

“We know that it is getting tougher to successfully mine in this environment and we want our customers to have every advantage we can give them,” said KnCMiner CEO Sam Cole. “So to combat the downward trend in mining returns for the customers who have been with us right from the beginning, and to show our competition we mean business, we will be over-delivering again on all orders.”

 

Neptune is KnCMiner’s first 20nm product. It features a minimum of 3,000 GH/s (aka 3 TH/s) of hashing speed, five times faster than the company’s most recent bestselling miner, the Jupiter. It also boasts a 30 percent reduction in watts-per-GH. Thanks to KnCMiner’s offer, each customer who ordered a first or second batch Neptune, will get a minimum 6TH for each order, with their original 3TH product shipped in June and the free “third batch” machine delivered in August.

 

“As miners face growing competition, and the increasing difficulty to mine Bitcoin, we will keep working on creative and unorthodox ways to put the best and most loyal customers on the planet first and provide them with the competitive edge they’ve come to expect from KnCMiner,” said Cole.

 

The company has recently announced other initiatives to engage all form of cryptominers, including the launch of a “Mini Neptune” machine (1500 GH/s, $3,495), and for all those Litecoin and Dogecoin enthusiasts, the availability of scrypt miners—the Titan (300 MH/s, $9,995) and “Mini Titan” (150 MH/s, $5,495). KnCMiner also offers cloud-hosted mining participation to existing customers. To learn more about these products and services, please visit https://www.kncminer.com.
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April 28, 2014, 07:32:06 PM
 #32869

Well that sure escalated.

I remember back in the old days (1,200 pages ago), we looked forward to the gear.. and here we are today.

Haha.

Someone threw a trident
RoadStress
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April 28, 2014, 07:40:56 PM
 #32870

KNC PLEASE SEND ME MY REFUND!!! YOU HAVE BEEN DRAGGING FOR 3 AND HALF WEEKS FOR MY ENTITLED REFUND!

Now that's a lousy announcement. It looks like it's an article from a news magazine with all those Sam quotes. Since we still have no timelines let's assume first batch will ship at the end of June, second batch will ship at end of July and third batch will ship end of August. You will get your free Neptune mid September. Ok!

Also second announcement today. This was a very busy day for Sam.


KNC PLEASE REFUND ME!

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 28, 2014, 08:11:11 PM
 #32871

 
Wow so we will receive 2 Neptunes for the price of one... That's over 6 TH!!

I think I will have to upgrade the main fuses but it's a great gesture from KnC.
 
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April 28, 2014, 08:18:37 PM
 #32872

By the time you get your free unit the difficulty will have skyrocketed. Good luck.
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April 28, 2014, 08:21:31 PM
 #32873

Fuuuuuuck that.  They can give out all the free Neptunes they want, by the time they ship nobody is breaking even.  That's also after you've had fun figuring out how to power the fuckin' things.  They've failed spectacularly this go around.
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April 28, 2014, 08:32:20 PM
 #32874


Wow so we will receive 2 Neptunes for the price of one... That's over 6 TH!!

I think I will have to upgrade the main fuses but it's a great gesture from KnC.
 


Let's see when you get your free stuff. HashFail hasn't shipped the promised MPP until now Smiley I don't assume that KnC won't ship their free stuff, but they will do it at the end of the line after they ship everything else and after they replace the Jupiters from their DC with Neptunes. Good luck.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
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xstr8guy
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April 28, 2014, 08:44:32 PM
 #32875


Wow so we will receive 2 Neptunes for the price of one... That's over 6 TH!!

I think I will have to upgrade the main fuses but it's a great gesture from KnC.
 


Well good for those who still have Neptune orders!

Us FrankenJup victims are most definitely NOT getting 2 for 1. I might be able to salvage some of my working ASICs once I get my replacement boards. But that means I have to buy more heatsink/fans, controller boards, PSU's, etc.

I feel screwed on both ends!
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April 28, 2014, 08:50:34 PM
 #32876


Wow so we will receive 2 Neptunes for the price of one... That's over 6 TH!!

I think I will have to upgrade the main fuses but it's a great gesture from KnC.
 


Well good for those who still have Neptune orders!

Us FrankenJup victims are most definitely NOT getting 2 for 1. I might be able to salvage some of my working ASICs once I get my replacement boards. But that means I have to buy more heatsink/fans, controller boards, PSU's, etc.

I feel screwed on both ends!

I have worse feeling for the Neptune orders.

All is Mine!

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April 28, 2014, 08:52:05 PM
 #32877

I think the refund customers made the best choice.
After that, the SuperJuper clients, because they can start THIS week.
Beside this, SuperJuper clients shall never reach a ROI.

Neptune:
End of June 3 TH in the cloud, and in august 6 TH in hand shall never generate a ROI.

Or the BTC must rise. That is our only hope to get our money back.
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April 28, 2014, 08:55:08 PM
 #32878

I think the refund customers made the best choice.
After that, the SuperJuper clients, because they can start THIS week.
Beside this, SuperJuper clients shall never reach a ROI.

Neptune:
End of June 3 TH in the cloud, and in august 6 TH in hand shall never generate a ROI.

Or the BTC must rise. That is our only hope to get our money back.

I ended up putting up the SP30 up for auction... I believe there will be a lucky person who will pay less than $0.01 per GH/s for 5.3 TH.

http://devcoinauctions.com/blog/auction/sp30-yukon-august-batch-asic-miner-5-3ths/

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
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April 28, 2014, 08:59:28 PM
 #32879

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Out of 36 boards only 6 looked usable and of those only 1 is actually working, 2 power up but show completely dead dies and the other 3 do nothing but look good.

That sounds extremely worrying.

That is like taking boards from the trash container and shipping to customers...

Were the heatsinks only stuck onto the board by the thermal paste?

Yup, except now they can claim all of the bad boards as damaged in shipment and get reimbursed by the shipping co./insurance, All the while mining on the equipment they should have sent.

Brilliant.

Bullshit, that would never fly. No insurance / shipping company is going to cover stupidity. KNC will have to eat 100% of this loss.
bad thing is KNC loses nothing.....knc customers paid for the unit and the shipping.....and most units have probably been mined with so they probably paid for themselves 5x over, then they send us the bunk ones to kill time while the good ones are hashing away...then we they are ready they will ship out our BROKENJUP replacements. Weak KNC. WEAK!
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April 28, 2014, 09:02:06 PM
 #32880

Quote
Out of 36 boards only 6 looked usable and of those only 1 is actually working, 2 power up but show completely dead dies and the other 3 do nothing but look good.

That sounds extremely worrying.

That is like taking boards from the trash container and shipping to customers...

Were the heatsinks only stuck onto the board by the thermal paste?

Yup, except now they can claim all of the bad boards as damaged in shipment and get reimbursed by the shipping co./insurance, All the while mining on the equipment they should have sent.

Brilliant.

Bullshit, that would never fly. No insurance / shipping company is going to cover stupidity. KNC will have to eat 100% of this loss.
bad thing is KNC loses nothing.....knc customers paid for the unit and the shipping.....and most units have probably been mined with so they probably paid for themselves 5x over, then they send us the bunk ones to kill time while the good ones are hashing away...then we they are ready they will ship out our BROKENJUP replacements. Weak KNC. WEAK!


Right they sent the non working junk for disorientation to kill time.

Smart, but evil.

All is Mine!

1H7LUdfx9AFTMSXPsCBror3RDk57zgnc2R
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