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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008043 times)
lemonte
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May 09, 2014, 11:36:59 PM
 #33521

KNC now has ties with the Bitcoin Foundation Board of Directors.
http://www.coindesk.com/bobby-lee-brock-pierce-join-bitcoin-foundations-board-directors/

They are platinum members anyway aren't they?

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May 09, 2014, 11:39:18 PM
 #33522

KNC now has ties with the Bitcoin Foundation Board of Directors.
http://www.coindesk.com/bobby-lee-brock-pierce-join-bitcoin-foundations-board-directors/

They are platinum members anyway aren't they?

Yup. They paid for it, while we are waiting for our refund. This shows clearly their priorities...
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May 10, 2014, 04:46:28 AM
 #33523

We have a ton of broken used KNC garbage, and they aren't responsive at all to RMA requests anymore.  I've been waiting all week to RMA a bad controller.  I'm still testing and assembling all the shit with zip ties, takes forever but it does work.  The first batch was 75% broken rate, the remaining batch around 20%.  Some are burned up from long term "abuse". Even the "new packaging" resulted in resistors getting torn off by the cases.  All the shit is USED and the fans are dirty with some sooty black shit. The foam bullshit cases just plain don't work and suck donkey balls.

Pretty much everyone that got the Franken-Jupiter option got Franken-Fucked KNC style. It's looking like the best option is to have the boards repaired by somebody handy with a soldering iron.

These guys used to be so good, what the hell happened? 

G R E E D

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May 10, 2014, 05:47:15 AM
 #33524

We have a ton of broken used KNC garbage, and they aren't responsive at all to RMA requests anymore.  I've been waiting all week to RMA a bad controller.  I'm still testing and assembling all the shit with zip ties, takes forever but it does work.  The first batch was 75% broken rate, the remaining batch around 20%.  Some are burned up from long term "abuse". Even the "new packaging" resulted in resistors getting torn off by the cases.  All the shit is USED and the fans are dirty with some sooty black shit. The foam bullshit cases just plain don't work and suck donkey balls.

Pretty much everyone that got the Franken-Jupiter option got Franken-Fucked KNC style. It's looking like the best option is to have the boards repaired by somebody handy with a soldering iron.

These guys used to be so good, what the hell happened? 

G R E E D




imho their are now 3 parts to KNC the investment group (brock pierce or whatever his name is the one saving gox) the chip mnfg as the other part of the equation partner
and the KNC guys SAM Cole etc

MY GUESS IS

The chip guys in DEC or so said they simply could not get product out from chip to consumer product fast enough for difficulty rise (remember they too thought cointerra bfl and hashfast would come thru by Feb)...so thus the data hall plan was born and to justify they started the idea of plan B...ie btc price is high we are ambitious lets do both!

then BTC tanked from its nice 1250 high...the other mnfgs did not come thru on the hash and imho the chip part of knc and the investment group
(or it coulda been all of them) came around and said 'data farms' are the future...but then BTC fell down to 440 bucks ...i assume these big places
mine to USD directly ...so....hmmmm....we can make a 'super sh*t load of cash" selling modules/more Jupiters  etc to existing customers now that are competitors are stuck
in place

or

we can make a SUPER DUPER SUPER SUPER SH*T LOAD OF MONEY by just being the biggest baddest PH Farm in the world with this screw up of our competitors and us
keeping the equip to mine ourselves and don't offer upgrade modules/existing products in this gap to our 'loyal' customers..suck all that 28mm stuff ourselves while the
other competors lag and keep difficulty less then it would be otherwise

er IMHO if I had to be fair...whoever wanted us (customers) to be compensated fairly (hey give them a bone likely the knc group) imho got basically outvoted by the
money guys/investors and maybe the large chip mnfg part of KNC (or any combo there of) or heck they all coulda jumped into the pool with the devil who knows but
it was a massive change of direction and attitude toward us the consumers of their products imho.

Well at 440 a coin...Neptune refunds astronomical....something had to give...the 400 people who got frankenjupiters would likely have refunded too..so sell them
used parts from the data hall replace eventually with Neptunes.. save $4,080,000 dollars at 10.2k per unit refunded otherwise..if the damn used parts would worked
been in a unit that could run them...and not shipped like crap this ploy likely would have gotten a ho hum out of the 400 buyers in that they were hashing out of the
box at 3TH alas it all fell thru..shipping and mnfg wise...and they simply CAN'T  give them money for used parts they send back in the form of a refund that would
be silly...thus RMA tag ensues...

that and other stuff ...the slow slide probably has started

likely the above is a fantasy..but imho such a complete turn around from customer 1st to customers last something very drastic happened....the shock of $440 usd coin.
the expansion and Neptune process costs timeline was too much to ambitious ? or combo of all..greed....they became a Mexican soap opera ..... too much netflix and
House of Cards?

whatever it is ...we the customers left at the dock while KNC sails towards its new data hall island up north (soon to be followed imho by the rest of us dumped off when
they close down the consumer product wing completely and go straight private PH farm or virtual mining whatever...)

 we will all looking for another 'legit" boat (be it briefly) in that this at one time good company went completely off the rails imho

(and I'm on the sidelines with only a Titan on order...ol course ordered it 2 weeks before KNC took a dump who was to know?)

but man this shuffle was faster then Charlie Sheen dumping the "Goddesses"

fhe fickle finger of fate once f*ck*d moves on!


http://tytempletonart.files.wordpress.com/2011/01/flying-fickle-finger-of-fate.jpg

(sigh it likely ain't gonna get any better equip mnfg pre-order trust wise in the future imho...and virtual mining is basically an asic cathouse with KNC as the pimp
if that is the future imho


so it goes

Searing

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drico
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May 10, 2014, 08:48:44 AM
 #33525

if you have some card that came broken from your frankenjup to sell, please pm me.
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May 10, 2014, 08:53:05 AM
 #33526


These guys used to be so good, what the hell happened? 


Its very unfortunate to see this happen! - they earned so hard the trust from a big number of customers and they manage to burn it ...
Even the shipping that was ~170 USD for the Jupiter or Netptune is now double the price. They are asking 300 USD to ship my hosted machine back ...
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May 10, 2014, 10:38:20 AM
 #33527

The topic of solvency has been up more than once now. We can't look into their internal fiscal books but we can look at the blockchain. What I propose is that we as a community come together and collect this information. It is known that they are mining like crazy and that BTC refunds are paid out of those operations.

Everyone who has been refunded in BTC now or since the beginning please help the community out by filling out this short survey:

I am a KNCminer customer and I am behind this survey. The sole purpose is to trace how much BTC KNCminer AB is holding.

This thread is currently so spread out that I would prefer further conversation regarding this survey and address collection at a forum dedicated to KNC( http://www.hackmyminer.com/forum/index.php?forum=7)

Question ("From what address did you receive your refund?")
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form

Submitted addresses
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm

Edit:
Links to this survey have been posted at links below, by me.
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May 10, 2014, 03:20:07 PM
 #33528

At the current BTC price each $13200 refund is close to 30 coins (29 something). Even if they mine 15% of All mining activity, it is 540-620 coins a day (since difficulty is increasing at ~15%). They will probably not use more than 50% of daily revenue for refunds, I assume, which makes 270-310 coins available. This is comparable with the size of account from which i got the refund (however, I don't think that it is appropriate to share account numbers because you will give out your privacy as well). However, it also means that they will refund ONLY 10-12 machines a day. If someone has 2, then only 6 such people daily.
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May 10, 2014, 04:55:50 PM
 #33529

At the current BTC price each $13200 refund is close to 30 coins (29 something). Even if they mine 15% of All mining activity, it is 540-620 coins a day (since difficulty is increasing at ~15%). They will probably not use more than 50% of daily revenue for refunds, I assume, which makes 270-310 coins available. This is comparable with the size of account from which i got the refund (however, I don't think that it is appropriate to share account numbers because you will give out your privacy as well). However, it also means that they will refund ONLY 10-12 machines a day. If someone has 2, then only 6 such people daily.


Would you care to disclose what information  https://blockchain.info/address/ gives?

Number of transactions
Total received
Payments
Phoenix1969
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May 10, 2014, 05:04:38 PM
 #33530

At the current BTC price each $13200 refund is close to 30 coins (29 something). Even if they mine 15% of All mining activity, it is 540-620 coins a day (since difficulty is increasing at ~15%). They will probably not use more than 50% of daily revenue for refunds, I assume, which makes 270-310 coins available. This is comparable with the size of account from which i got the refund (however, I don't think that it is appropriate to share account numbers because you will give out your privacy as well). However, it also means that they will refund ONLY 10-12 machines a day. If someone has 2, then only 6 such people daily.


Would you care to disclose what information  https://blockchain.info/address/ gives?

Number of transactions
Total received
Payments
What's the point? Wont change a thing...  and we pretty much know the answer.
No need to share everyone's wallet addresses either.


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BoTrigins
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May 10, 2014, 05:50:39 PM
 #33531

Not to collect everyones addresses they are allready in the public blockchain, only identify KNCs

I think it's a wise attempt to atleast be proactive incase they decide to embezzle funds.
1- They are no longer trustworthy
2- They are a company with 1000s of people/customers, so a payout from knc wallet still keeps the anonymity of the people safe.
3- They have started up several different companies on the side and if no one keep taps on the blockchain it will be super easy for them to funnel 10s of million usd away and declare bankruptcy. Not even the government or the law will know what to do.
4- There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north.
5- They built DC with pre-orders money.
6- They are mining more than the 5% that's a breach of contract. Which lowered all miners profits by atleast 10%. Then they pay (after a month or so) refunds with btc that preorders DC allowed them to mine. Basicly raping their so called loyal customers in the ass more than once.
7- Perhaps this helps to find out truly how powerfull the preorder DC really is.
And the list goes on

Summery: probably wise to keep taps on them, and all customers will continue to be as anon as ever.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This thread is currently so spread out that I would prefer further conversation regarding this survey and address collection at a forum dedicated to KNC( http://www.hackmyminer.com/forum/index.php?forum=7)

Question ("From what address did you receive your refund?")
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form
 (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form)
Submitted addresses
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm)
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May 10, 2014, 05:55:25 PM
 #33532

KnC! It's just awful!

You made great processors, but did disgusting thermal design.

1) Coolers without attachments - they do not attach, they pressed case to the processor.

2) Case (a box for cooking barbecue, and not casing) is made of a thin steel sheet, which "walks" under load, making it impossible to fit snugly to the CPU cooler. Why did you only half the ventilation grille at the entrance, and on the fourth on the way out? As a result, the temperature reaches 110C in separate chips.

3) They are really used parts. Traces of thermal paste, mashed contacts.

Two days we fucked in the server by setting your product.
I had to borrow more than half server rack 42U because for any more compact placement begins just a hell of overheating.
Stood beside Cointerra`s device that gave 2TH and occupied five times less rack space. Beautiful design, with thoughtful heat sink and a ready rack design.

That's what I want to ask.

Whether it be replaced with a Swedish quality? Are not you ashamed to do such work - the quality is worse than in the Chinese underground?

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May 10, 2014, 05:57:25 PM
 #33533

Not to collect everyones addresses they are allready in the public blockchain, only identify KNCs

I think it's a wise attempt to atleast be proactive incase they decide to embezzle funds.
1- They are no longer trustworthy
2- They are a company with 1000s of people/customers, so a payout from knc wallet still keeps the anonymity of the people safe.
3- They have started up several different companies on the side and if no one keep taps on the blockchain it will be super easy for them to funnel 10s of million usd away and declare bankruptcy. Not even the government or the law will know what to do.
4- There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north.
5- They built DC with pre-orders money.
6- They are mining more than the 5% that's a breach of contract. Which lowered all miners profits by atleast 10%. Then they pay (after a month or so) refunds with btc that preorders DC allowed them to mine. Basicly raping their so called loyal customers in the ass more than once.
7- Perhaps this helps to find out truly how powerfull the preorder DC really is.
And the list goes on

Summery: probably wise to keep taps on them, and all customers will continue to be as anon as ever.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This thread is currently so spread out that I would prefer further conversation regarding this survey and address collection at a forum dedicated to KNC( http://www.hackmyminer.com/forum/index.php?forum=7)

Question ("From what address did you receive your refund?")
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form
 (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form)
Submitted addresses
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm)

To add to this:

When one asked for a refund and accepted BTC that person probably used a unique address for that transaction. That would've been the proper way to do it and therefore privacy is not really threatened.
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May 10, 2014, 06:28:37 PM
 #33534

1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty,deception, and Failure; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee or owner siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue


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BoTrigins
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May 10, 2014, 07:02:07 PM
 #33535

I do appologize for my lacking language skills, furthermore if you can't  comprehend the gist of what i'm trying to say i will try to expand my thoghts on this.

They can mine at DC towards personal addresses (i called it wallets i beg on my knees for forgivness for my bad wording) in parallell with their "official" mining operation. Keeps btc in their pockets, tax free.

Of course they can declare bankruptcy if no one is looking after the BTC,

Summerize the points for DC not to be funded by preorders.

It's not KNC staff embezzling it's the freaking 4 owners that might do this.

I would make it on a nice island for 10 years with 20 000 000 usd,
underneath_the_water_line
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May 10, 2014, 07:18:15 PM
 #33536

1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty, and deception; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue

If KNC made enough money for Boden from original orders (Saturns and Jupiters) why in the world would they need to finance the development of the Neptunes and Titans with preorders?
Phoenix1969
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May 10, 2014, 07:20:09 PM
 #33537

1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty, and deception; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue

If KNC made enough money for Boden from original orders (Saturns and Jupiters) why in the world would they need to finance the development of the Neptunes and Titans with preorders?
Because they spent the early profits filling up Boden
Now they ship out the Boden cards out to fulfill Stuper-Jupiter orders, as well as make room for the upcoming Neptunes... and they literally fell apart from being cooked too long. Another thing or angle SuperJupiter recipients could use is the fact they ordered new equipment, and got used equipment instead, so used in fact... they literally fell apart in transit... twice. Even Shipped as a kit, all wrapped up in bubble-wrap, the components literally pull off the board.
At first, we just blamed the wired-on cooling towers, riveded cases, and Saturn NNN hostnames, but now, with the second repacked shipment kits falling apart so easy, still smothered in thermal paste all dusty with no anti-static bags...  
It's reputational suicide. There's no way those are "New" boards. They're cooked.


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Biffa
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May 10, 2014, 07:21:12 PM
 #33538

1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty, and deception; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue

If KNC made enough money for Boden from original orders (Saturns and Jupiters) why in the world would they need to finance the development of the Neptunes and Titans with preorders?

Maybe because it costs a lot more to do that than build a cheap ass datorhall with old kit that they can knock out a 10c a dozen?

underneath_the_water_line
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May 10, 2014, 07:29:20 PM
 #33539



Maybe because it costs a lot more to do that than build a cheap ass datorhall with old kit that they can knock out a 10c a dozen?

Fair point. How much do you reckon it would cost to develop the Neptune?
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May 10, 2014, 07:30:11 PM
 #33540

Guys the garbage KNC is shipping out now is apparently used/faulty hardware from previous RMA's most likely. I would even think some of those parts weren't even soldered on the boards when it was packed up. They just needed to make sure they sent enough parts to make up a full miner rig, that's all. Seriously, how can those little tiny parts fall off like that?

They can't "fall off like that" the 1kg heatsinks and fans were not attached properly and came off rolling around all over the inside of the case smashing bits off.

But you have the manufacturer, the people that actually make the product shipping it in this manner. I could see if they hired high school kids and told them to go box up all that hardware over there and when you are done let me know. When you are dealing with a product that is worth $10,000 you do things right the first way, especially when time is such an evil thing.

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