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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3031296 times)
s1gs3gv
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October 28, 2014, 04:45:27 PM
 #38901

Even Ikea?!?!   lol  Wink

No bonus points for mentioning Ikea, sorry. I would have given you +3 for mentioning the Swedish company PeePoo though ~L)L~

Seriously, Swedes need to be made aware of the extent to which companies like KNC soil (no pun intended) the good name of Swedish industry.
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s1gs3gv
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October 28, 2014, 04:55:08 PM
 #38902

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment

Wow you could not make this stuff up if you wanted to. KNC is acting like offering refunds on the Titan is an existential threat. Maybe it is. Investors take note.
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October 28, 2014, 05:03:28 PM
 #38903

Apparently KNC is refusing to pay return shipping costs for RMA processing unless the product is DOA.

http://forum.kncminer.com/forum/off-topic/miners-cafe/65633-anybody-else-have-to-pay-to-rma-their-cubes-back

Is this a new policy or are they re-writing the rules because they are now planning to ship all the remaining batch 1 Titan machines in the next 3 weeks and expect high numbers of RMA claims ? How will people with the 'creeping cube degradation' problem (cubes work for a week or more and then slowly go bad) be affected ?
retro72
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October 28, 2014, 05:09:17 PM
 #38904

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment

Wow you could not make this stuff up if you wanted to. KNC is acting like offering refunds on the Titan is an existential threat. Maybe it is. Investors take note.

I know right?

I sent them an email and I gave them some bullshit T&Cs of my own and said by shipping the Titans you accept my T&Cs. Then they backed down. What a bunch of wankers. Anyway UPS guy just arrived. I sent him on his way, he didn't seem too pleased about carrying 2 Titans back up the drive lol.

Now its in the hands of my lawyer.
btc_uzr
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October 28, 2014, 05:18:55 PM
 #38905

Apparently KNC is refusing to pay return shipping costs for RMA processing unless the product is DOA.

http://forum.kncminer.com/forum/off-topic/miners-cafe/65633-anybody-else-have-to-pay-to-rma-their-cubes-back

Is this a new policy or are they re-writing the rules because they are now planning to ship all the remaining batch 1 Titan machines in the next 3 weeks and expect high numbers of RMA claims ? How will people with the 'creeping cube degradation' problem (cubes work for a week or more and then slowly go bad) be affected ?


I know one with a DOA Jupiter board back in September '13.
They made him pay for shipping it back, too, even if he was pointing out that they have to pay for it.

..and Thou shalt spread the coin in the name of cryptography for eternity
btc_uzr
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October 28, 2014, 05:22:08 PM
 #38906

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment

Wow you could not make this stuff up if you wanted to. KNC is acting like offering refunds on the Titan is an existential threat. Maybe it is. Investors take note.

I know right?

I sent them an email and I gave them some bullshit T&Cs of my own and said by shipping the Titans you accept my T&Cs. Then they backed down. What a bunch of wankers. Anyway UPS guy just arrived. I sent him on his way, he didn't seem too pleased about carrying 2 Titans back up the drive lol.

Now its in the hands of my lawyer.

..still laughing  Cheesy

thumbs up for this

..and Thou shalt spread the coin in the name of cryptography for eternity
neo9436
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October 28, 2014, 06:55:57 PM
 #38907

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?
cryptodaknight
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October 28, 2014, 07:11:56 PM
 #38908

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?

Yeah, would love to know if this works, as i haven't got mine yet, and asked 7 times for refunds, every time they said no.

They hold our funds hostage, how can this not be completely illegal?
retro72
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October 28, 2014, 07:30:07 PM
 #38909

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?

No. I've got a lawyer involved. He told me to refuse delivery. He has sent a letter requesting a refund so the balls in KNCs court. Either they pay or I take them to court. Either way they can keep that piece of crap they call a "Titan"
RealMalatesta
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October 28, 2014, 08:02:40 PM
 #38910

I just want to point out again: Write to the investors and to the US-company which led the last investment deal. Make copies to the SEC. Send copies to US media. Send the US company tweets. Once the investors get nervous or the investos are confronted with the authorities, I am sure that KnC will pay refunds.
retro72
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October 28, 2014, 08:13:39 PM
 #38911

I just want to point out again: Write to the investors and to the US-company which led the last investment deal. Make copies to the SEC. Send copies to US media. Send the US company tweets. Once the investors get nervous or the investos are confronted with the authorities, I am sure that KnC will pay refunds.
Yup. I'm pretty much doing this from the EU side. I've contacted the investors and media outlets and will be spending the rest of the week contacting anyone who will listen.
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October 28, 2014, 11:04:27 PM
 #38912

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?

No. I've got a lawyer involved. He told me to refuse delivery. He has sent a letter requesting a refund so the balls in KNCs court. Either they pay or I take them to court. Either way they can keep that piece of crap they call a "Titan"


"I am not The Avenger"
1AthxGvreWbkmtTXed6EQfjXMXXdSG7dD6
SgtMoth
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October 28, 2014, 11:27:37 PM
 #38913

Apparently KNC is refusing to pay return shipping costs for RMA processing unless the product is DOA.

http://forum.kncminer.com/forum/off-topic/miners-cafe/65633-anybody-else-have-to-pay-to-rma-their-cubes-back

Is this a new policy or are they re-writing the rules because they are now planning to ship all the remaining batch 1 Titan machines in the next 3 weeks and expect high numbers of RMA claims ? How will people with the 'creeping cube degradation' problem (cubes work for a week or more and then slowly go bad) be affected ?


I know one with a DOA Jupiter board back in September '13.
They made him pay for shipping it back, too, even if he was pointing out that they have to pay for it.


I paid too for a frankencrap controller rma.  I ended up buying another one to get it faster and told kurt that. Could have picked it up when the other one was dropped off, not interested.
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October 28, 2014, 11:50:36 PM
 #38914

Maybe we should just blow up one of their hangars to have them notice us Tongue

"Did I say that out loud"  Grin
s1gs3gv
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October 29, 2014, 12:09:09 AM
 #38915

KNC claim Titan RMAs take a long time because their RMA department is busy and in the same breath claim the RMA rate for Titans is very low.

http://forum.kncminer.com/forum/main-category/hardware/65473-bad-dies-more-frequent-now

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MATRIXBOY
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October 29, 2014, 03:16:17 AM
 #38916


 Hi,

The production and shipping of the Titan miners has begun in the Q3 period as described in the product description at the time of purchase.
We will continue to produce and ship the miners as quickly as possible according to the payment dates of the orders.
The Titan miner is a nonrefundable product.

Please review our terms and conditions which can be found here: https://www.kncminer.com/pages/tandc
In our terms and conditions you will find under Delivery Terms:
8. Delivery Terms
8.1 The Products are delivered EXW (Incoterms 2010) to the delivery address specified by the Purchaser, unless otherwise agreed. The delivery date is provided for information purposes only and shall not be binding on KnCMiner. The Purchaser is not entitled to refuse acceptance of the Products, withdraw, cancel or revoke the order or make claims for compensation due to any delayed delivery.


Best regards
Med vänlig hälsning

Natalie

Kncminer
www.kncminer.com
Office: +46 8559 253
20

Hi,

the delivery Term 8.1 from KnC means that they can delivery, if they want, in 2016 or 2020. Means also that they can do what they want.

These Term is absolutley ilegal and a frauding permission for themselfs. This term don't exist nowhere in the world! If you go to the court, they will voiding it immediately.

I can recommend all buyers only to judicial injunction in sweden and also to make a complaint for fraud.

MB
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October 29, 2014, 03:45:04 AM
 #38917

You spend close to $10,000 on a titan, neptune, or some other random shit that doesn't work - try this math:

Ticket from NYC to Stockholm = $774
A couple of beers to build up courage = $20
Bust up some KnC losers = priceless
------------------------------------------------
Get refund the easy way
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October 29, 2014, 05:06:39 AM
 #38918

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment but they have backed down and are now saying they will accept them back but I will have to pay for shipping if I want them. Yeah right.

I've been contacting some big media outlets and there are a couple writing articles about this KNC fiasco. I have been contacted by another major name today. They are looking for info on anyone starting a lawsuit against KNC, so if you are and would like a chance to feature in the article please PM me as soon as possible so I can email the journalist.

I'll be writing to more news outlets this week. Lets see how easy it is to raise 50mil when investors read the crap KNC have been up to.

BTW I contacted GP Bullhound and Creandum about 2 weeks ago but have received no reply. I don't think they give a shit. They might change their tune when the BBC come sniffing around though.


don't have the balls to refuse shipment..and being a legal miner in the usa (got backed into such had to file with IRS after bank error on a wire xfer they said was 90k was 10.3k
fixed in a day but had to show chops i was legit thus the legal miner i am now)

anyway the only thing I can be sure of IF I ACCEPT THE TITAN is that I can ...according to my CPA get it wrote off in 5 years as computer equipment according to the IRS
2013 guidelines for virtual currency...did not have to pay the 4k on taxes in 2013 for coin mined last year and likely won't this year either ..)

so anyway again the only thing I CAN maybe count on is the fact I can take this $10,131.80 ...perhaps total loss by the time I get it and get $2532.95 of that back applied
to real $$ to real taxes owed....so a $7598.85 loss..maybe half that if i can get the kludge miner in time and half assed working...is better the taking a chance (like BFL did) and
send it back never to be heard from again

just saying ..it an't much of a hook but $7593.85 loss vs a $10,131.80 loss is somewhat soothing

then again even if i get it I'm gonna jump thru every hoop/class action/swedish gov't/swedish consumer group out there to try and get the rest back

but seeings how by some esitmates KNC has made 200 million since last april 2013 from its inception this could be a very very very long legal battle

KNC has class A and Class B big time investment money for their arcitc cloud sca...er I mean 'edeavor' they can't afford to give us anything in the way of compensation
or fixes ..imagine how it would look ..so they will pooh pooh this for a long time imho

whole thing pisses me off not so much in that I got scammed ...more the fact they were a legit company and I got 'backstabbed" so to speak ..,not sure about you
guys but I was utterly 'blindsided'......at the very least I expected compensation like int he past for delays and or equip issues ......I guess when you say NO REFUND
it means we wash your hands of all responsibility as a decent business at that point...and imho they are gonna dump the Titan in 3 weeks and run to arctic mining..
no way as they have backpeddled are they gonna sell equipment again to consumers...that boat has sailed...and who the f*ck would buy after a minimal google search
or such say in 2015

anyway my plan...as a plan it sucks ..but you go with the hand you are dealt...I am not too keen on (1) bankers and (2) asic equip mnfg companies

as to GAW (see my sig) not sure about them either people are making money or floating with it ..so still have the sig...but be wary of EVERYBODY is my new rule
with the possible exception of www.coinbase.com at these btc prices

anyway...hopefully some decent legit press on KNC's antics will turn some of this around 'knock wood'

















 

 

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edgar
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October 29, 2014, 08:40:02 AM
 #38919

Typical endless gibberish....



ball-less, brainless, clueless & worthless..... who won't STFU


Just what the crypto community is lacking

s1gs3gv
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October 29, 2014, 01:12:36 PM
 #38920

It seems that the only thing worse than waiting over 7 months and counting for your $10000+ Titan to ship (promised Q2/Q3)  is waiting for KNC to return your RMA'd cubes.

http://forum.kncminer.com/forum/main-category/hardware/65736-how-long-does-a-titan-rma-really-takes
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