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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3045450 times)
RoadStress
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September 22, 2014, 01:42:59 PM
 #37881

11 days since the 'Brace For Impact' announcement that Titan was shipping. No Titan's observed in the wild.

KNC Fail

Things change fast in bitcoin world. Glad to see you in this club!

Stay away from KNC!

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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NoxX
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September 22, 2014, 02:09:14 PM
 #37882

So, what about the new offer?

400 GH/s for six months for 249$

https://www.kncminer.com/products/400ghs-btc-cloud-mining

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Micky25
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September 22, 2014, 02:12:42 PM
 #37883

http://forum.kncminer.com/forum/news-and-anouncments/58694-the-arctic-drop-is-here

The Arctic Drop Is Here
Today, 03:24 PM

and we already have a picture and video footage:



http://www.youtube.com/watch?v=jD_VXBuQ_5I
s1gs3gv
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September 22, 2014, 02:17:07 PM
 #37884

So, what about the new offer?

400 GH/s for six months for 249$

https://www.kncminer.com/products/400ghs-btc-cloud-mining

Looks like KNC is having cash flow problems.

1.5 BTC/TH is still too expensive.
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September 22, 2014, 02:21:11 PM
 #37885

Things change fast in bitcoin world.

Especially BTC difficulty ~L)L~
kendog77
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September 22, 2014, 02:28:09 PM
 #37886

So, what about the new offer?

400 GH/s for six months for 249$

https://www.kncminer.com/products/400ghs-btc-cloud-mining

If Knc can deliver, that seems like a fantastic price for 400 GH/s hosted for 6 months. A S3 is around $249 right now, and the Knc deal also includes hosting for 6 months.

I would jump all over this deal, but I don't particularly trust Knc to deliver on their promises.

The price seems too good to be true, so I'm skeptical.
lucazane
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September 22, 2014, 03:22:30 PM
 #37887

So, what about the new offer?

400 GH/s for six months for 249$

https://www.kncminer.com/products/400ghs-btc-cloud-mining

If Knc can deliver, that seems like a fantastic price for 400 GH/s hosted for 6 months. A S3 is around $249 right now, and the Knc deal also includes hosting for 6 months.

I would jump all over this deal, but I don't particularly trust Knc to deliver on their promises.

The price seems too good to be true, so I'm skeptical.
tried to buy one : No shipping method available for this combination of products and shipping country.

The Blocks Factory Mining POOL : DGB(sha256d, Skein, Qubit, Groestl & Scrypt), FTC
poodle63
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September 22, 2014, 03:25:17 PM
 #37888

Very nice price any one try to have some from knc?

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smoothrunnings
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September 22, 2014, 03:30:59 PM
 #37889

New email from KNC to all it's Neptune's clients:

From: Customer Service [customerservice@kncminer.com]
Sent: September 22, 2014 9:04 AM
To: me
Subject: Neptune - Y splitter cables.

Hi All,

Over the last few weeks we have received many comments from our community that due to some specific PSU limitations, users could not fully utilise the full potential of their Neptune miner.

Over the next few weeks, for every Neptune cube that you own, we will be delivering 1 PCI-e custom made 16 AWG Y-cables straight to your door at no additional cost (5 x Y splitter cables per Neptune)

This will open up the possibility to use a wider range of PSU’s that previously struggled to run the miner at its full potential (475Mhz-500MHz) i.e. the Corsair AX1200i and other commonly purchase PSU’s.

If you would like any further information regarding this cable solution, please contact support@kncminer.com

Regards,
 
The KnC Team.

----

I bitched in their forums like everyone else I am sure about them offering these 16AWG cables to people. To be hones though I didn't have any problems with my 1500W PSU's running at 475W until the stock cables starting melting at the PSU end. LOL - So I am not sure what if any the purpose will be for the Y-Cables.

aasl
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September 22, 2014, 03:42:08 PM
 #37890

New email from KNC to all it's Neptune's clients:

From: Customer Service [customerservice@kncminer.com]
Sent: September 22, 2014 9:04 AM
To: me
Subject: Neptune - Y splitter cables.

Hi All,

Over the last few weeks we have received many comments from our community that due to some specific PSU limitations, users could not fully utilise the full potential of their Neptune miner.

Over the next few weeks, for every Neptune cube that you own, we will be delivering 1 PCI-e custom made 16 AWG Y-cables straight to your door at no additional cost (5 x Y splitter cables per Neptune)

This will open up the possibility to use a wider range of PSU’s that previously struggled to run the miner at its full potential (475Mhz-500MHz) i.e. the Corsair AX1200i and other commonly purchase PSU’s.

If you would like any further information regarding this cable solution, please contact support@kncminer.com

Regards,
 
The KnC Team.

----

I bitched in their forums like everyone else I am sure about them offering these 16AWG cables to people. To be hones though I didn't have any problems with my 1500W PSU's running at 475W until the stock cables starting melting at the PSU end. LOL - So I am not sure what if any the purpose will be for the Y-Cables.



it shows their "generosity", and gives them another excuse to keep delay shipping the orders (neptune, titan and bonus miner).

Maybe soon we will expect some news from kfc like "we are busy shipping the Y cables to our loyal customers, and we have to postpone your neptune/titan shipment"....

Besides, times goes much slower in KfC. they say "soon", it means "never"; they say "weeks", it is actually "months"...

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
aasl
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September 22, 2014, 03:44:29 PM
 #37891

So, what about the new offer?

400 GH/s for six months for 249$

https://www.kncminer.com/products/400ghs-btc-cloud-mining

what happens to those who bought their previous cloud mining plan?

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
poodle63
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September 22, 2014, 04:11:42 PM
 #37892

Wonder those who bought cloud mining, how are they doing?

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September 22, 2014, 04:41:31 PM
 #37893

What law firm are you guys going to use to get a refund on the Titan orders? I would like to use the same one that others are using to cut back on complication in explaining the situation.

Do any of you know someone who had success with getting a refund?

http://www.lawyersinsweden.com/directory/search/location/9/practice/21/name

Goodluck it seems that KNC has retainers with lots of Law firms and they wont deal due to "Conflict of interest"
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September 22, 2014, 04:56:56 PM
 #37894

Very nice price any one try to have some from knc?

Nice price ? Wait 30 days and it will be cheaper ...
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September 22, 2014, 05:15:59 PM
 #37895

Is KNC insolvent ? Why are there still Neptune refunds outstanding ? Why are KNC offering 'compensation' for delayed refunds ? Why did KNC announce Titan shipment 11 days ago but no tracking numbers have been received ? Are they having unexpected problems with Titan firmware or Titan yields ? Why have KNC announced reduced price cloud mining ? Why did KNC's rating drop in Doggie's Manufacturer's Trustworthy Rating Guide ? Did the drop in BTC price bite their ass ? Boom to bust in a few short years ? Only time will tell ...

Stay tuned for more drama soon … meanwhile avoid KNC. There lies trouble.
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September 22, 2014, 05:24:22 PM
Last edit: September 22, 2014, 05:38:25 PM by s1gs3gv
 #37896

Seen on the internet somewhere:

Quote
The Arctic Drop Dump Is Here
Limited Offer: Send us money quick !

KncMiner the most trusted name in  Bitcoin mining
       We reserve the right to abuse our customers

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September 22, 2014, 05:35:59 PM
 #37897

Very nice price any one try to have some from knc?

Nice price ? Wait 30 days and it will be cheaper ...
I'm always thinking if knc keep their original promise, that ship most miner to customer instead of built a huge datahall, they will still have many follower and enough cash flow, and look at it now, will still people would like to pre order their 14nm or 10nm product? I'm wondering how many people still willing to ofer their trust on knc, they should think about it.

14nm need 24million usd to initial batch, how can they sustain with this huge RD expense, and their also admin their hardware deduct value quickly, so again they shoot on their foot twice again, how do they convence bank to invest them? How could they convence people to order their miner again?

And according to their logic, how much value remained regarding to their aged mining farm, have they ever think about it? So they shoot on their foot triple again.

I don't think they were the winner, made in Sweden always means excellent and trustable, so hope they could maintan reputation just like other Swedish company does.

They can save themselves, easy way to do is just ship their miner from their datahall to customers,

My recomendstion for them, just hire some experienced smart second hand car dealer to help them empty their aged datahall and storage, then they could squritch more cash, and also made some smart strategy to avoid them shoot on own foot and their customer again.

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September 22, 2014, 05:44:51 PM
 #37898

14nm need 24million usd to initial batch, how can they sustain with this huge RD expense, and their also admin their hardware deduct value quickly, so again they shoot on their foot twice again,

Where are you getting 24m/usd? They are their own R&D team. They've maintained a 90% profit margin on their equipment from day 1 in 2013. I think they can manage to keep their business model intact and still scrape money from people.

how do they convence bank to invest them?

Banks don't have a problem with them, I would wager. They've been able to purchase a lot of land and equipment and lease the same. Banks clearly have no issue with them. If anything, banks are encouraging their behaviour.

How could they convence people to order their miner again?

By saying "we have a preorder opening up", and people flock to it. Also, you're forgetting that a significant growing number of purchases are coming from businesses and entities, not individuals.

They can save themselves, easy way to do is just ship their miner from their datahall to customers,

My recomendstion for them, just hire some experienced smart second hand car dealer to help them empty their aged datahall and storage, then they could squritch more cash, and also made some smart strategy to avoid them shoot on own foot and their customer again.

I have this weird feeling that they're doing ok by themselves, and are more interested in making sure they get more money, than the consumer.

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September 22, 2014, 05:58:17 PM
 #37899

Nice to figure still knc fans out there, you did a good job.

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September 22, 2014, 06:07:54 PM
Last edit: September 22, 2014, 06:25:43 PM by s1gs3gv
 #37900

Titan shipping halted due to 'last minute' firmware bug …

Well within Q2/Q3 indeed
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