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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3009292 times)
user27
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July 01, 2014, 11:05:31 AM
 #36321

This is KfC own t's and c's; therefore It would be up to KfC to vet every customer and prove that they have done ample due diligence to assure they haven't sold to any residential customer. Methinks they would fall flat on their face in this matter.

Why?
By agreeing to the T&C you have stated to them that you are a business customer. Why should they have to investigate whether you were lying?

by placing such restrictions and then offering a free web portal for sales. Any lawyer would find ease in tearing apart KfC arguments.
It is quite simple to assure business-to-business trade, by requiring company number or VAT registration number. None of this was carried out and it was the case that KfC simply put up a web shop for all and sundry to make purchase of their equipment.

Sorry to burst your bubble mate, but VAT number was required.

Every EU customer had the option to provide VAT number or pay 20% tax on top on the $10-13k and I'm guessing not a single person opted to pay the 20%.

u27

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July 01, 2014, 11:08:17 AM
 #36322

This is KfC own t's and c's; therefore It would be up to KfC to vet every customer and prove that they have done ample due diligence to assure they haven't sold to any residential customer. Methinks they would fall flat on their face in this matter.

Why?
By agreeing to the T&C you have stated to them that you are a business customer. Why should they have to investigate whether you were lying?

by placing such restrictions and then offering a free web portal for sales. Any lawyer would find ease in tearing apart KfC arguments.
It is quite simple to assure business-to-business trade, by requiring company number or VAT registration number. None of this was carried out and it was the case that KfC simply put up a web shop for all and sundry to make purchase of their equipment.

Sorry to burst your bubble mate, but VAT number was required.

It wasn't required since I and many others were able to order without a VAT number. If it was required then we couldn't order.

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July 01, 2014, 11:13:16 AM
 #36323

It wasn't required since I and many others were able to order without a VAT number. If it was required then we couldn't order.

I ordered without to start with and KnC gave me the option to pay VAT or provide VAT registration number some time later.

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July 01, 2014, 11:15:05 AM
 #36324

OK, it's good to thrash these things out, as it is clearly becoming a viable option to begin some sort of action against this company.
Thanks to MurrayPaul for his insight and logic, which a lot of; makes sense. To do this, people are going to need to know the pitfalls expected and the options available.

The best thing would be for KfC to just honour all refund requests; it's not as though they are short of the funds - having competed against their own customers for this long.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
user27
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July 01, 2014, 11:36:13 AM
 #36325

OK, it's good to thrash these things out, as it is clearly becoming a viable option to begin some sort of action against this company.
Thanks to MurrayPaul for his insight and logic, which a lot of; makes sense. To do this, people are going to need to know the pitfalls expected and the options available.

The best thing would be for KfC to just honour all refund requests; it's not as though they are short of the funds - having competed against their own customers for this long.

They should at this time just be honest about the situation; which it feels like they have forgotten how to do.

I see two options for them to avoid legal action at this stage; they could offer HWYW AND 2nd Neptune to all customers who have not as yet had their first Neptune dispatched or they could offer full refunds to outstanding orders. Clearly they should offer both options, but either one would swing any court action in their favor.

Can we get an idea of how many people have been screwed over at this stage? Is it the majority of batch one?

u27

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July 01, 2014, 01:02:02 PM
 #36326

OK, it's good to thrash these things out, as it is clearly becoming a viable option to begin some sort of action against this company.
Thanks to MurrayPaul for his insight and logic, which a lot of; makes sense. To do this, people are going to need to know the pitfalls expected and the options available.

The best thing would be for KfC to just honour all refund requests; it's not as though they are short of the funds - having competed against their own customers for this long.

They should at this time just be honest about the situation; which it feels like they have forgotten how to do.

I see two options for them to avoid legal action at this stage; they could offer HWYW AND 2nd Neptune to all customers who have not as yet had their first Neptune dispatched or they could offer full refunds to outstanding orders. Clearly they should offer both options, but either one would swing any court action in their favor.

Can we get an idea of how many people have been screwed over at this stage? Is it the majority of batch one?

u27

I am in batch 1 and I am screwed by knc.

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user27
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July 01, 2014, 01:06:29 PM
 #36327

I am in batch 1 and I am screwed by knc.

Sounds like a thread title...

EDIT:
https://bitcointalk.org/index.php?topic=672950.0

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July 01, 2014, 01:16:33 PM
 #36328

KnC's first three lies:

We are Swedish miners that are producing our own ASIC miners to strengthen the market and avoid monopoly.

A lot of scam sites are appearing every day and we are not one of them

We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013
user27
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July 01, 2014, 01:37:04 PM
 #36329

Somebody asked about my (now pointless) cable to run Neptune from 2x20A virtual rails on AX1200i; response for all to see as below.

It was just a splitter using three 8 pin CPU power sockets. However I have updated my design since. It now has two 8 pin plugs which fit the AX1200i directly and 16x20AWG cables taking the 12v to a heavy duty 8 pin socket as below; the original Corsair cable plugs into the heavy duty socket and the current is split across two virtual rails.

Shame KnC don't have any chips left!

u27




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July 01, 2014, 01:46:02 PM
 #36330

I am in batch 1 and I am screwed by knc.

Sounds like a thread title...

EDIT:
https://bitcointalk.org/index.php?topic=672950.0


aha, we think alike Cheesy

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Noruka
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July 01, 2014, 02:16:59 PM
 #36331

man reading all this makes me glad i decided to refund at the beginning of the year.

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July 01, 2014, 02:41:04 PM
 #36332

man reading all this makes me glad i decided to refund at the beginning of the year.
The only reason you came back here to read this thread is because you are sad that you already cashed out.  Sucker.

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July 01, 2014, 03:22:05 PM
 #36333

This is KfC own t's and c's; therefore It would be up to KfC to vet every customer and prove that they have done ample due diligence to assure they haven't sold to any residential customer. Methinks they would fall flat on their face in this matter.

Why?
By agreeing to the T&C you have stated to them that you are a business customer. Why should they have to investigate whether you were lying?

Because they made the invoices and they received the money from private persons, not from a business.

The question is why to they need to investigate your lie?

because it is their terms and conditions

Quote
1.2   The Products are sold for business use only and Purchaser hereby accepts that it has purchased the Products in order to conduct a business.

Did you agree to that or not?
A private individual can conduct a business, and doesn't need a VAT number if they don't choose to reclaim VAT.
The only use for a Bitcoin miner is to make money, which sounds like a business activity?

No; KfC did not place any reasonable restrictions on sales to combat the purchase of the product by individuals and; no, mining bitcoin is not a business activity - it is not subject to the same tax laws as my businesses are.
 What?  Care to explain that?  Any endeavor you invest for potential profit is "Business" last time I checked.
Ever heard of this?
http://en.wikipedia.org/wiki/Business
*Financial businesses include banks and other companies that generate profits through investment and management of the capital.
*Sole proprietorship: A sole proprietorship is owned by one person and operates for their benefit. The owner may operate the business alone or with other people. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business.

OMG!... and if you really think you're "not liable for taxes" like you said, you had better talk to an accountant soon.
Bitcoin Tax laws on Mining are very clear.
https://en.bitcoin.it/wiki/Tax_compliance


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raskul
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July 01, 2014, 03:28:51 PM
 #36334

What?  Care to explain that?  Any endeavor you invest for potential profit is "Business" last time I checked.
Ever heard of this?
Sole proprietorship: A sole proprietorship is owned by one person and operates for their benefit. The owner may operate the business alone or with other people. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business.

like scamming people is not a business endeavour. offering to pay people to help you and not paying them is not a business endeavour. crying like a baby because someone stole your coins and being assisted by people (in their spare time) for no reward whatsoever is not a business endeavour.
you are a total amoeba - how dare you question my remarks. GTFO.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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July 01, 2014, 03:32:00 PM
 #36335

What?  Care to explain that?  Any endeavor you invest for potential profit is "Business" last time I checked.
Ever heard of this?
Sole proprietorship: A sole proprietorship is owned by one person and operates for their benefit. The owner may operate the business alone or with other people. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business.

like scamming people is not a business endeavour. offering to pay people to help you and not paying them is not a business endeavour. crying like a baby because someone stole your coins and being assisted by people (in their spare time) for no reward whatsoever is not a business endeavour.
you are a total amoeba - how dare you question my remarks. GTFO.
Grow up. Misleading folks, especially on taxes, could be costly.


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July 01, 2014, 03:41:08 PM
 #36336

What?  Care to explain that?  Any endeavor you invest for potential profit is "Business" last time I checked.
Ever heard of this?
Sole proprietorship: A sole proprietorship is owned by one person and operates for their benefit. The owner may operate the business alone or with other people. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgements against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business.

like scamming people is not a business endeavour. offering to pay people to help you and not paying them is not a business endeavour. crying like a baby because someone stole your coins and being assisted by people (in their spare time) for no reward whatsoever is not a business endeavour.
you are a total amoeba - how dare you question my remarks. GTFO.
By the way, I handed out thousands of dollars in rewards to those who really helped (3 people)and accepted it; yes, thousands.  Avenger flat refused any reward because he wanted 80% of my coin, and no less. Too fucking bad.


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jelin1984
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July 01, 2014, 03:44:47 PM
 #36337

can anyone because i am out of home
to messure the high of the neptune cube
i want to make somthing and i want the high


also sent me some btc to learn better english Grin Grin Grin Grin Grin Grin Grin Grin Grin
raskul
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July 01, 2014, 03:46:05 PM
 #36338

can anyone because i am out of home
to messure the high of the neptune cube
i want to make somthing and i want the high


also sent me some btc to learn better english Grin Grin Grin Grin Grin Grin Grin Grin Grin

jelin, you is perfect of english  Grin need not btc for this

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
dropt
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July 01, 2014, 04:19:01 PM
 #36339

man reading all this makes me glad i decided to refund at the beginning of the year.
The only reason you came back here to read this thread is because you are sad that you already cashed out.  Sucker.

LOL!  The only suckers here are the people receiving, or waiting on HW from KnC.  You're one of em, aren't you?
user27
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July 01, 2014, 05:01:48 PM
 #36340


Good, because it looks like it's only the two of us left waiting!

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