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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006735 times)
RawDog
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May 06, 2014, 03:23:55 PM
 #33361

KnC is dead.  Their awesome reputation build over one year is destroyed in about 30 days.  Nobody will buy their stuff again.  Darn.  I was hoping they'd do a really cool Gen2 20nm product too.  

They don't want anyone to buy their stuff. They're done with retail business. Customers were just way to fund their massive mining farm.

However, they will have a problem in modernizing their data center if they do not have any cash.

Do not have any cash?  They have a massive mining farm.  They don't need your money anymore.
I've gotta admit, that was a brilliant move.  I never did understand why they'd sell a minor when operating one brings more money.  It seems like a conflict of interest.  Until you consider that they are actually going to spend all the customer money building a massive datacenter and then just letting their customers suffer with very late delivery of used and broken aged garbage - and calling them 'SuperJups'.  lol - good one!

  Surely they can't be calm with their actions?  WTF?  I thought the Russians were bad.

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May 06, 2014, 03:47:35 PM
 #33362

Finally got my refund today in BTC, you got to call them daily and bug them, I requested refund about a month ago then about a week ago I emailed them a nasty email with threatening to file a complaint with Swedish Officials and demanded refund in BTC or bank wire which was the initial refund, they emailed me and said they would refund in BTC, that was about a week ago, I called them this morning again and went off on them and was told that the refund would happen today in BTC and it did, about $50 less than the original wire amount.

I am glad I got my money back and no more this Pre-Order BS stuff, I think KNC ruined their reputation and would never buy from them again.

 
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May 06, 2014, 06:55:20 PM
 #33363

Got my refund too. Today makes it just under a month since the refund request was made for my 2nd (and last unit).

Imho, KNC feels like a house of cards at the moment that will stay up as long as they can get fresh funds $$$ in or mine enough BTC for the refunds. So I took the BTC refund instead of the wire transfer that never went through.

For what it's worth though, thank you the refund (and customer service for the prompt replies) and good luck to those still holding out

Cheers

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May 06, 2014, 07:48:11 PM
 #33364

Got my refund too. Today makes it just under a month since the refund request was made for my 2nd (and last unit).

Imho, KNC feels like a house of cards at the moment that will stay up as long as they can get fresh funds $$$ in or mine enough BTC for the refunds. So I took the BTC refund instead of the wire transfer that never went through.

For what it's worth though, thank you the refund (and customer service for the prompt replies) and good luck to those still holding out

Cheers


When did you request the refund change from wire to BTC? Thanks.
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May 06, 2014, 09:24:21 PM
 #33365

we should rightfully be entitled to a refund after super jup purchase OR OUR OLD NEPPY place in QUE

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May 06, 2014, 09:28:37 PM
 #33366

How do I prevent cgminer from automatically starting on boot and while idle? Thanks.
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May 06, 2014, 09:48:20 PM
 #33367

My friend received his refund in BTC today.  Close to the exchange rate but not really at it, at the time of sending funds.  I might be more picky but he got double his BTC back so a good deal regardless.

Tired of substandard power distribution in your ASIC setup???   Chris' Custom Cablez will get you sorted out right!  No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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May 06, 2014, 09:56:12 PM
 #33368

I wonder how they could not keep their farm secret, but also keep selling nice machines like the last year's Jupiter?

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May 06, 2014, 10:18:39 PM
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I wonder how they could not keep their farm secret, but also keep selling nice machines like the last year's Jupiter?

The first point..  word would of leaked out one way or the other..  just too big to hide

Second point... they REALLY hate packing and shipping things so less customers that actually get anything than promises the better

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May 06, 2014, 10:28:04 PM
 #33370

buying spare parts from your super jups espesh controllers Tongue

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May 06, 2014, 11:47:54 PM
 #33371

How many days will take for a refund if ask refund at btc?
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May 07, 2014, 01:52:52 AM
 #33372

buying spare parts from your super jups espesh controllers Tongue
ok, here are my BROKENJUP parts for sale....6TH/s worth, have at it for .99 cents, well that's what I listed it at to begin with.

http://www.ebay.com/itm/121332509962?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649

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May 07, 2014, 01:53:17 AM
 #33373

So I went all "datorhall" on my set up. Was able to drop my temps by over 10c.  chugging away at 3.5 TH/s


how is this getting 3.5 when its only 17 boards




4 more boards not in the picture on the bottom rack and some OCing
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May 07, 2014, 05:42:31 AM
 #33374

can someone post instructions to mounting i30s to the boards, i have i30s but i dont know how

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May 07, 2014, 05:49:42 AM
 #33375

How many days will take for a refund if ask refund at btc?

im more interested in how long CASH refunds will take, and how their finance department can be 'super busy' if they are not actually refunding any cash refunds 'yet'

or perhaps the BTC refunds are just so numerous that the finance dept is at saturation point?

copy/paste BTC address - click send - done???

in a typical 8 hr day... or are they already trialing this 6 hr workday??



on account if it all being utter BS mate. they have plenty fiat money and they have plenty bitcoin money. refunds should take 1 day of work, no more. 

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mtbitcoin
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May 07, 2014, 06:34:46 AM
 #33376

How many days will take for a refund if ask refund at btc?

im more interested in how long CASH refunds will take, and how their finance department can be 'super busy' if they are not actually refunding any cash refunds 'yet'

or perhaps the BTC refunds are just so numerous that the finance dept is at saturation point?

copy/paste BTC address - click send - done???

in a typical 8 hr day... or are they already trialing this 6 hr workday??



on account if it all being utter BS mate. they have plenty fiat money and they have plenty bitcoin money. refunds should take 1 day of work, no more. 

If I had to take a guess, they might have initially been refunding the from new orders paid via cash and mining operations of BTC sold for cash. However, given their size of mining operations and a quieter market I will only take a guess that any significant amount of BTC sold would have easily depressed the market and kept BTC prices low. So in essence they would have to mine more BTC to repay the refunds.

I am actually glad that they are back to paying for refunds via BTC as this is good for the overall market and requested for one as soon as this was provided as an option. I received double of what I paid for in BTC and I think once the Neptunes and BlackArrows hit the market it will be at least 1 year to ROI (not including the power, heat and management costs). Mine took around 5-6 days after the request was made for the change from CASH --> BTC.

For the same amount of BTC refunded you can get easily get around 4TH now which is a no brainer, unless you are in it for the fun of mining and the need for heating Smiley

Cheers


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raskul
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May 07, 2014, 06:45:34 AM
 #33377

you'll get more than 4TH...
https://bitcointalk.org/index.php?topic=598502.0

 Smiley

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May 07, 2014, 09:31:55 AM
 #33378


Well, I did say "now"  Wink 

But all the same nonetheless.

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May 07, 2014, 11:44:22 AM
 #33379

If I had to take a guess, they might have initially been refunding the from new orders paid via cash and mining operations of BTC sold for cash. However, given their size of mining operations and a quieter market I will only take a guess that any significant amount of BTC sold would have easily depressed the market and kept BTC prices low. So in essence they would have to mine more BTC to repay the refunds.

I am actually glad that they are back to paying for refunds via BTC as this is good for the overall market and requested for one as soon as this was provided as an option. I received double of what I paid for in BTC and I think once the Neptunes and BlackArrows hit the market it will be at least 1 year to ROI (not including the power, heat and management costs). Mine took around 5-6 days after the request was made for the change from CASH --> BTC.

For the same amount of BTC refunded you can get easily get around 4TH now which is a no brainer, unless you are in it for the fun of mining and the need for heating Smiley

Cheers



Other companies which can not pay their bills are called "bankrupt" - so this may be the next step KnC is going...
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May 07, 2014, 11:53:31 AM
 #33380

31 days after my Refund request Anna keep rolling the same " it will be transferred in few weeks" .

One month lies and BS.

Is it sure that the bank accounts of KNC are still not blocked by Swedish government?

Something start smell here. 1 Month for refund is really a lot, even for cheap bastards like KNC.

Just to remind you guys:

Don't send any Money to KNC. Don't buy any nonrefundable hardware from them.

KNC is SCAM NOW and they going to score Fraud of 2014. Hold on for Q5
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