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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3006597 times)
Searing
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October 29, 2014, 05:06:39 AM
 #38921

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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October 29, 2014, 08:40:02 AM
 #38922

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
 #38923

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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October 29, 2014, 01:55:50 PM
 #38924

Narrowed it down to two lawyers in Sweeden

Magnus Daar of Nova
or
Joakim Strignert

any thoughts on these guys or any other proposals ?

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October 29, 2014, 01:57:25 PM
 #38925

I'm curious, are there any former Neptune customers still waiting for refund?

'twisted research and opinion' donations happily accepted @
13362fxFAdrhagmCvSmFy4WoHrNRPG2V57
My sub 1337 vanity address Wink
bitdigger2013
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October 29, 2014, 03:23:44 PM
 #38926

Well I decided to try and test p2pool with my KNC Titan.

Not surprised to see it fail horribly.

10 sec share is like fast coins and the Titan flushwork issue just causes constant rejects and "Dead on arrival" shares.

32 found shares 25 DOA

I have setup p2pool for bitcoin and has worked well so I don't think my setup of the litecoin node is the issue.
smracer
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October 29, 2014, 03:28:29 PM
 #38927

Have people in Batch #3 started receiving Neptunes yet?

1smracer15yDLhJG27fd7GV3tegcNjtg2
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October 29, 2014, 03:35:53 PM
 #38928

Well I decided to try and test p2pool with my KNC Titan.

Not surprised to see it fail horribly.

10 sec share is like fast coins and the Titan flushwork issue just causes constant rejects and "Dead on arrival" shares.

32 found shares 25 DOA

I have setup p2pool for bitcoin and has worked well so I don't think my setup of the litecoin node is the issue.

Thanks for posting that. I was thinking about setting up p2pool for my Titan, guess I won't bother.
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October 29, 2014, 03:37:21 PM
 #38929

Well it could still be a good test for you to do just to confirm my findings. Smiley
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October 29, 2014, 03:48:34 PM
 #38930

Typical endless gibberish....



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


Just what the crypto community is lacking



Its even worse than that he skyped me a few months ago to to chat and I warned him not to go with KNC, due to the fact they fucked ppl over on the Neptune and mostly due to thier DATORHALL.

Of course he ignored (he really likes to hear himself talk i guess) me kept yapping on how he could expense this tax this tax that  dude no one cares if you a legal or iliegal miner keep that stuff to your self jebus. 

Now of course whith this latest KNC fail we will have to hear his bitching for the next six months even though he was FOREWARNED.


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mishax1
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October 29, 2014, 03:56:08 PM
 #38931


Eat shit KNC, cloud mining just got profitable!   Check out Zeushash prices.





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October 29, 2014, 04:03:43 PM
 #38932

LIFETIME contracts ? how the hell does that work that sick
oh thats assuming you buy 100TH

the other prices are inline with hardware out there today imo


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retro72
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October 29, 2014, 04:10:49 PM
 #38933

Narrowed it down to two lawyers in Sweeden

Magnus Daar of Nova
or
Joakim Strignert

any thoughts on these guys or any other proposals ?



I'm with Joakim,

He seems very responsive to questions and is moving forward at a rapid rate, he has already sent a formal letter to KNC and preparing a case as we speak.

I contacted Magnus and got back a copy and paste response and he never answered my follow up questions.

Check them out for yourself and see what you think.
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October 29, 2014, 04:49:58 PM
 #38934

I'm with Joakim

Contact info please ?
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October 29, 2014, 04:51:18 PM
 #38935

Titan order ( payment received 3/21 ) status changed to 'in progress' today.
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October 29, 2014, 04:52:00 PM
 #38936

Narrowed it down to two lawyers in Sweeden

Magnus Daar of Nova
or
Joakim Strignert

any thoughts on these guys or any other proposals ?



I'm with Joakim,

He seems very responsive to questions and is moving forward at a rapid rate, he has already sent a formal letter to KNC and preparing a case as we speak.

I contacted Magnus and got back a copy and paste response and he never answered my follow up questions.

Check them out for yourself and see what you think.

Ive not talked to Joakim - but have talked to others.
I left a message and got a phone call back from Magnus Daar within the hour
He was actually better than I expected - wasnt trying to rush the call and answered a lot of my questions that I wasnt expecting answers before appointment.

As in the UK they also have an "unfair contract terms act" He confirmed that as time is of the essence with mining their delivery terms wouldnt stand.
Unfortunately my box was signed for by someone else so I have to pay to send it back grrr!


Is Joakim looking for the same retainer?
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October 29, 2014, 05:03:28 PM
 #38937

Titan order ( payment received 3/21 ) status changed to 'in progress' today.

Thanks for the update.
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October 29, 2014, 05:39:59 PM
 #38938

I'm curious, are there any former Neptune customers still waiting for refund?

 Requested a refund in bitcoin (because KNC claimed it would be faster than USD) in May.
I'm still waiting but not holding my breath.  They've even promised me interest on the amount owed.  I suppose that equates to a bonus Neptune.

Don't let sidehack fade away...【ツ】Buy him a burger!   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
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October 29, 2014, 06:00:47 PM
 #38939

Titan order ( payment received 3/21 ) status changed to 'in progress' today.

Thanks for the update.

Joakim's retainer is $1400 USD. That covers a formal letter and all prep work leading up to court. Court/litigation fees will be extra and will depend on the length and complexity of the case. Contact details are joakim.strignert@dinratt.se

Glad you talked to Magnus. Its good to know his finger is on the pulse.
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October 29, 2014, 06:30:59 PM
 #38940

I'm curious, are there any former Neptune customers still waiting for refund?
I`m waiting for my refund requested half a year ago .
I don`t know why any users that received a refund are not writing about it.
There are some users that received the refunds (kncforum)
T.
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