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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3045502 times)
jelin1984
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June 23, 2014, 08:19:01 AM
 #35661

mine too in progess
1 neptune
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The Avenger
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June 23, 2014, 08:25:35 AM
 #35662

So I was 3 weeks out. I thought the refunds would be shut off at the beginning of June (because knc promised to give everyone free hashing at start of June, which of course was a typical underhanded knc lie/deception).

But I did warn you all in plenty time to start aggressively demanding your refund if you wanted it, or KNC would take your money.

OKBYE

--snip--
So y'all have 10 days left to bail, then KNC owns your cash  Grin
^^^^^^^^^^^^

If they can delay you another 10 days, like I said, you will get hashing the datacentre and they will get your money. There will be no more refunds after 1st June, believe me.

Ring them up and tear them a new arsehole. You have 10 days left to get a refund.

"I am not The Avenger"
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jelin1984
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June 23, 2014, 08:26:28 AM
 #35663

no roi of course for sure
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June 23, 2014, 08:52:45 AM
Last edit: June 23, 2014, 09:05:55 AM by The Avenger
 #35664

Hot off the knc forum, from colonel kurt.

Quote
Today, 09:33 AM
Hi, Refunds are no longer given on any Neptune orders I am afraid. Your Neptune order is due to be created and shipped very soon.
No changes can be made at this late stage.
Kind regards,

Terms of sale knc agreed with batch 1 customers
Quote
All refunds will be refunded in dollars and you can refund up to shipment

KNC - cheap bastards and lying fucks!


Still, this all happened before.

https://bitcointalk.org/index.php?topic=170332.msg3727199#msg3727199

People never gonna learn.

"I am not The Avenger"
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samsonn25
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June 23, 2014, 08:58:06 AM
 #35665

Wtf.

In line to be made.   Means not made.

Not shipped.

No more refunds. 

Holding people and their money hostage.
tzortz
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June 23, 2014, 10:27:10 AM
 #35666

Anyone else got his Neptune?

All is Mine!

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raskul
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June 23, 2014, 10:37:55 AM
 #35667

did I miss anything? mass shipping commenced?
been working on p2pool nodes and haven't had my head out of terminal for a week. nodes now in Iceland, Middle East and Europe, if anyone in those regions needs a local p2pool node  Grin

so... nippy's shipping in mass yet? or are they just mining with them all themselves?

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
Searing
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June 23, 2014, 10:41:37 AM
 #35668

Wtf.

In line to be made.   Means not made.

Not shipped.

No more refunds. 

Holding people and their money hostage.

er unclear on this whole refund option...I assume (prob wrongly) that if you asked for a refund BEFORE their announcement of NO refunds you will get a refund...OR
are they simply gonna ship your product instead in lieu of your requested refund (some of which are 3 months late)

am I just being paranoid or could they actually get away with withholding your refund $$$ for that long and say 'screw you' and ship the unit at this late date and be golden?

(i converted to Titan..I get to go thru all of this crap sometime in the future FML)

Searing

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
butjust41day
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June 23, 2014, 11:07:19 AM
 #35669


Yes: I'm already working on this.  Many things can be improved.

Thank you for you postings Elenelen. I've already ordered these because of your postings:

http://www.newark.com/aavid-thermalloy/374124b00032g/heat-sink/dp/53R2166

Conveniently these come with thermal tape already applied although I think thermal glue might be the better option. They are a little large; but, that can't hurt.

It is possible that KNC has a better solution; but, obviously they are under pressure to get everything shipped right now.
Soros Shorts
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June 23, 2014, 11:08:09 AM
 #35670

Just got tracking numbers for all of my CA orders.
Elenelen
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June 23, 2014, 11:25:38 AM
 #35671

Just got tracking numbers for all of my CA orders.

Good to hear I'm not the only one  Wink ... feels so lonely here on that big planet called Neptune....
Biffa
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June 23, 2014, 11:29:52 AM
 #35672

Wtf.

In line to be made.   Means not made.

Not shipped.

No more refunds. 

Holding people and their money hostage.

er unclear on this whole refund option...I assume (prob wrongly) that if you asked for a refund BEFORE their announcement of NO refunds you will get a refund...OR
are they simply gonna ship your product instead in lieu of your requested refund (some of which are 3 months late)

am I just being paranoid or could they actually get away with withholding your refund $$$ for that long and say 'screw you' and ship the unit at this late date and be golden?

(i converted to Titan..I get to go thru all of this crap sometime in the future FML)

Searing


Currently if you were waiting for a refund before production started your refund will be honoured (at some point in the future)

However you won't get to "go thru all of this crap" as there are no refunds on Titans Smiley

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June 23, 2014, 11:35:29 AM
 #35673

Wtf.

In line to be made.   Means not made.

Not shipped.

No more refunds. 

Holding people and their money hostage.

er unclear on this whole refund option...I assume (prob wrongly) that if you asked for a refund BEFORE their announcement of NO refunds you will get a refund...OR
are they simply gonna ship your product instead in lieu of your requested refund (some of which are 3 months late)

am I just being paranoid or could they actually get away with withholding your refund $$$ for that long and say 'screw you' and ship the unit at this late date and be golden?

(i converted to Titan..I get to go thru all of this crap sometime in the future FML)

Searing


Currently if you were waiting for a refund before production started your refund will be honoured (at some point in the future)

However you won't get to "go thru all of this crap" as there are no refunds on Titans Smiley

Searing meant he has to play the waiting game for his Titan delivery, not refund.
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June 23, 2014, 11:40:20 AM
 #35674

I feel screwed when I know that KnC's "hash while you wait" means forfeiting "Neptune two-for-one"!

KnC announced "hash while you wait" on April 8, saying first batch customers will start their cloud mining from early June and the last customer will hash in their data center around the last week of June. Now this is close to the end of June, and finally the Plan B arrived.

On April 28, KnC announced that "KnCMiner, 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."  I felt happy when KnC announced this, because it shows KnC at least tries to bring more profits to the customers (although, in fact, two Neptune still cannot reach ROI). To my understanding, this is a bonus/gift/giveaway from KnC, it has nothing to do with the compensation due to delay of delivery.

In the email I receved from KnC two days ago, I am notified to choose either "hash while you wait" or "switch to Titan". There was no terms saying that by select any of the options, the "neptune two-for-one" plan will no longer be valid. I read their T&C (convert.kncminer.com/terms/), the two options they offered has nothing to do with the two-for-one plan, therefore I signed up "hash while you wait", happily waiting for the cloud mining next week, first Neptune by the end of June, and second one in August.

Then I read the forum discussion, and I know that KnC actually use "hash while you wait" in replace of "neptune two-for-one"! I feel totally cheated and pissed off! How come KnC breaks their public promises, and deprive my rights by just giving some vague and ambiguous terms and conditions?

I use the online calculator for some maths: https://bitcoinwisdom.com/bitcoin/calculator. (I set the difficulty increase 20%, power consumption 2.1kW, the rest parameters are with default values)

I spent 12999 USD on 3TH Neptune. With current difficulty, even if I start mining today, I can mine up to 6BTC before electricity fee exceeds the income. Suppose bitcoin price is 600USD, I can get back 3600 USD. There is still a gap of 9399USD!

If I receive a second neptune by Aug 31 (earliest estimated delivery date), then before electricity bill wins, I can mine up to 8.4 BTC together with the first neptune. This is about 5040USD in total. And the gap is still 7959USD!

"hash while you wait" has a max period of 45 days. Suppose I don't receive my neptune and therefore I use up all the cloud mining time, then I can get around 3.8BTC, equivalent to 2280USD. Of course, if KnC ships my first Neptune by end of June, then I only get 0.8-0.9 BTC while waiting...

So, even if I have both "hash while you wait" and "neptune 2-for-1", I can get maximum $(5040+2280)=$7320. The gap is $5679.

If I only have "hash while you wait" and one neptune, then revenue is $(3600+2280)=$5880, gap is $7119!

Now I can buy a 1TH miner for about 1500-1700 USD(e.g. http://www.lketc.com/goods/show-172.aspx  the dragon miner, one of the well-known mining rigs in China), and such mining rig is in stock and can be delivered in 2-3 days. With 12999 USD, I can buy up to 7-8 TH mining power! This is far more than 6TB that KnC can provide.

KnC said Neptune is to be delivered in Q1/Q2, and they make customers believe it refers to March/early April. Now it is the very end of Q2, and I feel disappointed.

KnC said the "hash while you wait" will be started in early June, and it is delayed, and I feel disappointed.

Now KnC will revoke their promises of give away a second Neptune, I am totally pissed!

Me too

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Biffa
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June 23, 2014, 11:59:47 AM
 #35675

Wtf.

In line to be made.   Means not made.

Not shipped.

No more refunds. 

Holding people and their money hostage.

er unclear on this whole refund option...I assume (prob wrongly) that if you asked for a refund BEFORE their announcement of NO refunds you will get a refund...OR
are they simply gonna ship your product instead in lieu of your requested refund (some of which are 3 months late)

am I just being paranoid or could they actually get away with withholding your refund $$$ for that long and say 'screw you' and ship the unit at this late date and be golden?

(i converted to Titan..I get to go thru all of this crap sometime in the future FML)

Searing


Currently if you were waiting for a refund before production started your refund will be honoured (at some point in the future)

However you won't get to "go thru all of this crap" as there are no refunds on Titans Smiley

Searing meant he has to play the waiting game for his Titan delivery, not refund.

It didn't read that way, but then this is Searing we are talking about, almost "Joycean" in his stream of conciousness writing style Smiley

Mine @ pools that pay Tx fees & don't mine empty blocks :: kanopool :: ckpool ::
Should bitmain create LPM for all models?
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xstr8guy
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June 23, 2014, 12:48:04 PM
 #35676

Wtf.

In line to be made.   Means not made.

Not shipped.

No more refunds. 

Holding people and their money hostage.

er unclear on this whole refund option...I assume (prob wrongly) that if you asked for a refund BEFORE their announcement of NO refunds you will get a refund...OR
are they simply gonna ship your product instead in lieu of your requested refund (some of which are 3 months late)

am I just being paranoid or could they actually get away with withholding your refund $$$ for that long and say 'screw you' and ship the unit at this late date and be golden?

(i converted to Titan..I get to go thru all of this crap sometime in the future FML)

Searing


Currently if you were waiting for a refund before production started your refund will be honoured (at some point in the future)

However you won't get to "go thru all of this crap" as there are no refunds on Titans Smiley

Searing meant he has to play the waiting game for his Titan delivery, not refund.

It didn't read that way, but then this is Searing we are talking about, almost "Joycean" in his stream of conciousness writing style Smiley

Lol, right. But I know Searing's back story. I've been reading the novel.
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June 23, 2014, 12:53:55 PM
 #35677


Lol, right. But I know Searing's back story. I've been reading the novel.

he has a titan ordered; i'm led to believe. did you know?  Tongue

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jelin1984
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June 23, 2014, 01:13:10 PM
 #35678

How many VGA ram heatsinks must take for one Neptune
And what dimension
s1gs3gv
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June 23, 2014, 01:23:45 PM
 #35679



Thank you for you postings Elenelen. I've already ordered these because of your postings:

http://www.newark.com/aavid-thermalloy/374124b00032g/heat-sink/dp/53R2166


These folks have great prices

http://www.ebay.com/usr/wedoheatsink2013
Elenelen
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June 23, 2014, 01:48:15 PM
 #35680

How many VGA ram heatsinks must take for one Neptune
And what dimension

You can put as many as possible on the metal plate.:



but I don't know if that helps much to lower the VRM-temps.

Probably more rigorous DIY is needed by replacing the whole metal-plate (and fasten the Tower in a different way).
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