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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008911 times)
BitcoinPappi
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September 04, 2014, 07:51:18 PM
 #37581

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104
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freedomno1
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September 04, 2014, 09:22:49 PM
 #37582

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104
Seems like a legit reason venture capital does not wait it usually wants its money back
Nice find

GP Bullhound
 
GP Bullhound is an international technology investment banking group with offices in London, San Francisco, Stockholm, Berlin and Manchester. Founded in 1999, GP Bullhound provides world-class advice on mergers, acquisitions and private placements to a diverse range of corporate clients, institutional investors and high net worth individuals. Combining a true love for entrepreneurship and innovation with deep global buyer relations and sector expertise, GP Bullhound has completed transactions for tech category leaders, most recently selling Pingdom to SolarWinds, Cambridge Technology Partners to Atos, Pozitron to Monitise, Tunigo to Spotify, and Fjord to Accenture.
samsonn25
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September 04, 2014, 10:09:23 PM
 #37583

Their investors will get burned too.  Starting end of this year.
poodle63
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September 05, 2014, 12:43:17 AM
 #37584

Soon will see knc merge other miner company, the trend will be cloud mining and no more small mining power like us, so must be happy you still can get last household size Tity and nepy, soon KNC will left us behind and growth their dadahall, because once they are not sale miner to market, then there is no such limitation of their hashing power, so they are now success obtain capital and success build datahall, so before end of this year we will eyes weightiness another disaster of hashing power competation, I'm praying now and other days to beg God let me ROI by this November, otherwise every thing I put into miner all become dust.



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faetos
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gotta let a coin be a coin


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September 05, 2014, 12:50:43 AM
 #37585

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104

Greed's a bitch and she's going to get hers when they screw over their investors. Customers complain, but investors make ppl disappear. RIP Scam Hole.
Searing
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Tips for help? 1BzbfMHCrTeLjc7eCGrYVhH3QXSRodSuke


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September 05, 2014, 03:50:43 AM
 #37586

if Knc offer a second Titan and ship before October and the Titan deliver 600 Mh/s for 600 watts, they will feel OK.
else they feel deeply fucked.

I like your world of rainbows..unicorns...and playmate fairies.....but it is not gonna happen....they have a NO REFUND policy
now...so they don't have to give us anything...but I like your world view..especially the playmate faries....(sigh off to daydream land)

Searing

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104

Greed's a bitch and she's going to get hers when they screw over their investors. Customers complain, but investors make ppl disappear. RIP Scam Hole.


well could KNC just go to 14nm and just go PRIVATE it seems to be the trend...big farm ..big investors..no pesky eguipment customers...if the investors in their PH farm
operation and funding for the 14nm chip get burnt..well KNC can simply point out that in their likely signed investor agreement risks are these big money investors and
profit can not be assured to come to pass... in that it is speculation on their cutting edge 14nm and other endeavors...(sounds like BFL huh?)...

KNC wins either way...funding and success on 14nm and further expansion and centralization and profits..or if it don't work out...well...these big money types
have replaced US PREVIOUS CONSUMER MINERS to carry the load if things go south..hell makes more sense what they are doing now....why go after a bunch
of small change mice consumer miners  like us when you can go after big money types on your enthusiastic KNC miner dream (and yeah they be dreaming did you see the prices on
the KNC cloud)..it is like KNC is BFL now...but know what they are doing on scamming folks..not just making it up like BFL did as they went along...

yeah it is gonna be a train wreck with BIGGER DREAMERS/BIGGER $$$ then ourselves......ah the NEWBIE TRAIN it knows no income level....you be newbie squeezed
irregardless....(prob at the same percentage of income squeeze on false hope as ourselves..just think 'supersized fries vs us regular fries folk...

but well hell at least they have moved on likely to screw bankers/stock market investors/Realtors etc...KNC has moved on to bigger prey...the  eye of MORDOR has moved on....




Ah but I got my Titan coming...so..who am I to talk.... (my precious.....)

Searing


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poodle63
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September 05, 2014, 04:13:40 AM
 #37587

I'm thinking, KNC will triple or even more over delivery hashing power again to us as a happy ending of their small miners, and also a happy starting of heir giant cloud datahall!



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Unacceptable
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September 05, 2014, 07:11:12 AM
 #37588

Well,there goes KnC's hashrate = Up,up,up = diff up,up,up  Cry

http://venturebeat.com/2014/09/04/kncminer-funding/

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
Micky25
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September 05, 2014, 07:13:17 AM
 #37589

I'm thinking, KNC will triple or even more over delivery hashing power again to us as a happy ending of their small miners, and also a happy starting of heir giant cloud datahall!

better ask for that at your local massage parlor.
poodle63
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September 05, 2014, 09:13:26 AM
 #37590

I'm thinking, KNC will triple or even more over delivery hashing power again to us as a happy ending of their small miners, and also a happy starting of heir giant cloud datahall!

better ask for that at your local massage parlor.
That's funny!



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xstr8guy
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September 05, 2014, 09:57:15 AM
 #37591

I'm thinking, KNC will triple or even more over delivery hashing power again to us as a happy ending of their small miners, and also a happy starting of heir giant cloud datahall!

A lot of people were saying the same thing about the Neptune. Some idiots were using questionable math and  predicting that each Neptune was going to hash at 12-15THs, lol. And how did that work out for everyone?
BitcoinPappi
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September 05, 2014, 10:58:07 AM
 #37592


I'm thinking, KNC will triple or even more over delivery hashing power again to us as a happy ending of their small miners, and also a happy starting of heir giant cloud datahall!

better ask for that at your local massage parlor.
That's funny!
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September 05, 2014, 12:57:47 PM
 #37593

I think some of you guys should add comments to this story on WSJ.

http://blogs.wsj.com/venturecapital/2014/09/05/for-kncminer-time-to-forget-selling-bitcoin-machines-to-at-home-miners/
poodle63
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September 05, 2014, 01:28:25 PM
 #37594

I'm thinking, KNC will triple or even more over delivery hashing power again to us as a happy ending of their small miners, and also a happy starting of heir giant cloud datahall!

A lot of people were saying the same thing about the Neptune. Some idiots were using questionable math and  predicting that each Neptune was going to hash at 12-15THs, lol. And how did that work out for everyone?

For some reason I guess KNC maight change their mind at last moment to not over delivery Nepy's hashing power, actually, they can easily to achieve 8Th/s SHA256 hashing power on Nepy, but they might concerning the global growth of hashing power and do not want to be the first one who trigger miner nuclear war on bitcoin mining, but that's IMHO and I just guessing it and no confirmation source, so just treat this like a tale.

And that's different situation on Scrypt miners, due to compete company already announce  and have a call, so they should fought back for their reputation, this is also IMHO, and do not have confirmation source, so you could just treat it like a tale.   



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September 05, 2014, 02:49:54 PM
 #37595

I'm thinking, KNC will triple or even more over delivery hashing power again to us as a happy ending of their small miners, and also a happy starting of heir giant cloud datahall!

A lot of people were saying the same thing about the Neptune. Some idiots were using questionable math and  predicting that each Neptune was going to hash at 12-15THs, lol. And how did that work out for everyone?

For some reason I guess KNC maight change their mind at last moment to not over delivery Nepy's hashing power, actually, they can easily to achieve 8Th/s SHA256 hashing power on Nepy, but they might concerning the global growth of hashing power and do not want to be the first one who trigger miner nuclear war on bitcoin mining, but that's IMHO and I just guessing it and no confirmation source, so just treat this like a tale.

And that's different situation on Scrypt miners, due to compete company already announce  and have a call, so they should fought back for their reputation, this is also IMHO, and do not have confirmation source, so you could just treat it like a tale.    

Vaultbreaker batch 1 owners already "hash" @zencloud with 750mhz (~0.4 BC/ day @zenpool rate) since last friday. So who cares about rep. anymore - scryptwar is lost anyway for KNC....

Edit: Just for the sake of completion. GAW/ Zencloud/ Zenpool may be a complete scam. Time will tell - since now their service works fine

European Bitcoin Exchange - Bitcoin handeln im deutschen Rechtsraum. Fair und reibungslos:
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crashoveride54902
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September 05, 2014, 05:43:43 PM
 #37596

if Knc offer a second Titan and ship before October and the Titan deliver 600 Mh/s for 600 watts, they will feel OK.
else they feel deeply fucked.

I like your world of rainbows..unicorns...and playmate fairies.....but it is not gonna happen....they have a NO REFUND policy
now...so they don't have to give us anything...but I like your world view..especially the playmate faries....(sigh off to daydream land)

Searing

KNC has funding. Perhaps the reason for their change of attitude towards their customers. They no longer need to satisfy their customers, only their investors.

https://www.kncminer.com/news/news-104

Greed's a bitch and she's going to get hers when they screw over their investors. Customers complain, but investors make ppl disappear. RIP Scam Hole.


well could KNC just go to 14nm and just go PRIVATE it seems to be the trend...big farm ..big investors..no pesky eguipment customers...if the investors in their PH farm
operation and funding for the 14nm chip get burnt..well KNC can simply point out that in their likely signed investor agreement risks are these big money investors and
profit can not be assured to come to pass... in that it is speculation on their cutting edge 14nm and other endeavors...(sounds like BFL huh?)...

KNC wins either way...funding and success on 14nm and further expansion and centralization and profits..or if it don't work out...well...these big money types
have replaced US PREVIOUS CONSUMER MINERS to carry the load if things go south..hell makes more sense what they are doing now....why go after a bunch
of small change mice consumer miners  like us when you can go after big money types on your enthusiastic KNC miner dream (and yeah they be dreaming did you see the prices on
the KNC cloud)..it is like KNC is BFL now...but know what they are doing on scamming folks..not just making it up like BFL did as they went along...

yeah it is gonna be a train wreck with BIGGER DREAMERS/BIGGER $$$ then ourselves......ah the NEWBIE TRAIN it knows no income level....you be newbie squeezed
irregardless....(prob at the same percentage of income squeeze on false hope as ourselves..just think 'supersized fries vs us regular fries folk...

but well hell at least they have moved on likely to screw bankers/stock market investors/Realtors etc...KNC has moved on to bigger prey...the  eye of MORDOR has moved on....

Ah but I got my Titan coming...so..who am I to talk.... (my precious.....)

Searing



I love your stories...Are you a writer? Hehe

Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks Sad
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September 05, 2014, 05:55:24 PM
 #37597


Smiley Great posts on there - very accurate descriptions of this scamterprise
Biodom
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September 05, 2014, 05:57:30 PM
 #37598


Smiley Great posts on there - very accurate descriptions of this scamterprise

Another one gone...
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September 05, 2014, 07:23:21 PM
 #37599


This is the best bit:

Quote
There, it generates bitcoin for itself, as revenue, and also has started leasing power to customers. Customers can come to its website and pay a fee to get a certain amount of compute power for a duration of time.

Mr. Cole declined to say whether this activity is profitable for customers. “We don’t give indications of returns. That would be bad for business. We are not a financial adviser. We cannot guarantee the performance they will get. The customer will have to do this,” Mr. Cole said.

The difference now, he said, is that given that customers get access to the mining equipment immediately, it “makes the math easier to do.”

Scam Hole basically is spelling out their cloud business is primarily a business set up to fool idiots out of money. How does that guy sleep at night, it's disgusting. And not just Scam of course - Andreas and Marcus are equally disgusting people.

"I am not The Avenger"
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INS Ecosystem


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September 05, 2014, 07:33:15 PM
 #37600

Edit
I'm pretty sure this post gets deleted in about 10 mins btw lol

Reading this thread and all the whining here cracks me up.

We as private miners are the cause of this rise of this monster called KNC.  

They used our greed against us and used Our freaking money to not only make it harder for us to mine but also now probably using all the infrastructure
they build using YOUR money as collateral in order to secure MORE cash to even expand thier mining operations further ?!!!

This is the true definition of the gift that keeps on giving.  What fascinates me about this is that people actually gave them another $15million or so
on Titan Preorders when we already know what they were about.

At least Bitmain doesn't even pretend to care about selling hardware to private miners.

I have the say KNC has pretty much won this fight after reading this last announcement , I think the only thing to do know is do all you can to
boycott all their services , blogs and ignore them like people do Bitmain.

I'ts hard to believe they could say this with a straight face.  I can just imagine the raucous laughter that occurs in their meetings and strategy sessions when they discss this shit
Quote
Mr. Cole declined to say whether this activity is profitable for customers. “We don’t give indications of returns. That would be bad for business. We are not a financial adviser. We cannot guarantee the performance they will get. The customer will have to do this,” Mr. Cole said.
The difference now, he said, is that given that customers get access to the mining equipment immediately, it “makes the math easier to do.”


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