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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008555 times)
mishax1
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February 09, 2015, 08:43:19 AM
 #39761

again from what i understand there is no 'class action' in sweden like the usa...if the price goes up on appeals etc you have to pay more into it and if you lose you pay the other guys court costs...again probably I am incorrect but what I was told when I looked into this...again from what I understand there is a class action lawsuit in usa but it is going thru the swedish guy in sweden....and again from what i understand their is no class action as such in sweden...so perhaps this is a complete usa class action...but it is all pretty murky when I asked about that at least a couple months ago

anyway you are likely correct but some clarification on 'further costs' and or liablity if you lose the case would be helpful to find out if you have 1.5k into this

please post if I am completely off the mark...stuff I was told a few months back when I looked into this ...again I was of the understanding it ALL has to go swedish courts to get a settlement

All costs will be divided proportionally, so in any case it shouldn't be that big of an amount.
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February 09, 2015, 09:13:45 AM
 #39762

All costs will be divided proportionally, so in any case it shouldn't be that big of an amount.

i contacted the usa version of the lawsuit supposedly she is in contact with her swedish counterpart with his 'group action' as he calls it ...I fllled out the form we will see
but again 2.5k Titan 1st batch and 2.5k from what I heard 2nd 3rd batch (and those few who for a brief time changed their bonus neputunes to a titan option)  that is 50 million
dollars..again imho KNC will simply appeal for 10 years plus is my fear in that it is much cheaper then settling..I will consider it ...on what I get for a reply..but it does not take
a lot of thought to see KNC will fight this tooth and nail as to NOT put in danger all that lovely IPO money for the data farm in excess of 20 million bucks (or the next scam of
honest we will get the data farm out by such and such don't worry....or our situation but with people with bigger bucks game)....anyway will put what i find out here sent here
a bunch of info...pretty sure she knows most of it ...if she knows little of what is going on (see bitcointalk forum) and such that also will tell me much if this is just a way to make
the lawyers $$$$ or if there is any kind of shot

bitcoin never a dull moment


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mishax1
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February 09, 2015, 09:29:00 AM
 #39763

i contacted the usa version of the lawsuit supposedly she is in contact with her swedish counterpart with his 'group action' as he calls it ...I fllled out the form we will see
but again 2.5k Titan 1st batch and 2.5k from what I heard 2nd 3rd batch (and those few who for a brief time changed their bonus neputunes to a titan option)  that is 50 million
dollars..again imho KNC will simply appeal for 10 years plus is my fear in that it is much cheaper then settling..I will consider it ...on what I get for a reply..but it does not take
a lot of thought to see KNC will fight this tooth and nail as to NOT put in danger all that lovely IPO money for the data farm in excess of 20 million bucks (or the next scam of
honest we will get the data farm out by such and such don't worry....or our situation but with people with bigger bucks game)....anyway will put what i find out here sent here
a bunch of info...pretty sure she knows most of it ...if she knows little of what is going on (see bitcointalk forum) and such that also will tell me much if this is just a way to make
the lawyers $$$$ or if there is any kind of shot

bitcoin never a dull moment



Who said it's about all 5000 titans ?  I don't know if you can call it a class action (the WSJ did, but I think they got it wrong..)..

"said he filed a class-action lawsuit on behalf of a group of 50 customers"  I don't think it's right to say class action when it comes to 50 customers.. A class action is usually on behalf of all 100% customers as far as I know..
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February 09, 2015, 09:35:13 AM
 #39764

Who said it's about all 5000 titans ?  I don't know if you can call it a class action (the WSJ did, but I think they got it wrong..)..

"said he filed a class-action lawsuit on behalf of a group of 50 customers"  I don't think it's right to say class action when it comes to 50 customers.. A class action is usually on behalf of all 100% customers as far as I know..


yeah thus my questions to them...a class action you pay a set fee.....and no penalties if you lose....indv suits you pay as you go...so if a corp has more money they just appeal up
ward and onward till you are out of $$...so is this a class action or just a group action supposedly they will reply to these questions i posed to them if not i guess that tells me something as well...

imho if  a class action by 50 is WON then the others can jump in the pool after the fact as well (and or be included) but again i asked a few of these questions we will see what they say so far from what i understand they are in 'discovery /investigate mode" so hell it may not even go anywhere with that in mind

lawyers...shudder!


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mwizard
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February 09, 2015, 11:50:28 PM
 #39765


There's a reason why just about nobody else other than phone manufacturers took the dive into 20nm. But KnC should have gotten more out of those chips. It seems like they are compensating for their lack of experience and proprietary solutions to problems with sha256 asics by paying for more energy efficient processes (20nm, 16nm). They should definitely get a lot more with 16nm FinFet, but I would be surprised if them manage to get the stated 0,07w/GH. Cointerra was expecting 2w/GH, unless KnC have bought some new technology we don't know of I think 0,07w/GH was just to scare other, already battle-worn, mining gear manufacturers.

Just for the record Cointerra was expecting 0.225 watt per GH/s on their Shiva 16nm chip, not 2W/GH.

http://cointerra.com/wp-content/uploads/2014/09/AIRE-Miner-Sales-Sheet.pdf


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February 10, 2015, 12:05:38 AM
 #39766

Just for the record Cointerra was expecting 0.225 watt per GH/s on their Shiva 16nm chip, not 2W/GH.

http://cointerra.com/wp-content/uploads/2014/09/AIRE-Miner-Sales-Sheet.pdf

CoinTerra is in bankruptcy so they aren't expecting anything. Even if they were expecting that is a very bad efficiency in order to worth the 16nm mask. 0.2W/GH can be easily achieved with a 28nm chip.

iCEBREAKER is a troll! He and cypherdoc helped HashFast scam 50 Million $ from its customers !
H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
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February 10, 2015, 02:03:42 PM
 #39767

There are currently two law firms suing KNC on behalf of customers. One is going as group lawsuit, and other is going individual. There is Pro and Cons for both, and about 80 people have filed against them. I am not sure if any new cases are taken by them (might be possible if you go solo), since both law firms have submitted their case to court and awaiting court hearing date. If they are able to get court decide all customers are consumers not businesses. It will be over soon. KnC would appeal but they can't appeal for next 10 years or so.
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February 10, 2015, 06:41:45 PM
 #39768

I'm just in a juxtaposing mood. (stumbled upon while conducting other research)

Wow. This is actually their lowest blow.

Now they are claiming to have all the hashing they need to sell another product. They should be giving this away proportionately to the people they already owe!!

How can they possibly claim to have this online and not distribute it proportionately amongst the people they owe hashrate to?

Do they honestly think their long suffering customers even care about receiving their boxes anymore?!

Losers...

Aside: Just noticed this is my 4949th post. Reminds to me to do some housecleaning prior to spring cleanup that's now ONLY 5 weeks away thanks to some fuckin' rodent in PA.

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February 11, 2015, 09:18:29 PM
 #39769

Look's like Kurt is gonzo or has less involvement with KNC now. I see two new guys in the their forums that seem to be doing a decent job with normal questions, Keith and Liam. Also their is new binary for the Neptune's (V1.06) and sadly KNC is just getting around shipping the bonus miners.

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February 11, 2015, 09:25:39 PM
 #39770

For those suing KNC be careful because you can't say "because the of the price drop in Bitcoin" I lost money. Unfortunately that's the risk you take with big investments. Granted KNC couldn't keep their promise on the time of delivery which is what you can sue them for as a corporate or personal loss. In the end the Judgement might be based in Bitcoins based on the price of Bitcoins today, not the price they once where.

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February 12, 2015, 03:25:45 AM
 #39771

Look's like Kurt is gonzo or has less involvement with KNC now. I see two new guys in the their forums that seem to be doing a decent job with normal questions, Keith and Liam. Also their is new binary for the Neptune's (V1.06) and sadly KNC is just getting around shipping the bonus miners.




Kurt quit in dec 2014

also the guys on the knc forums can't even change the web pages and fix the forum errors ..they have no more idea then any of us imho
on when/if titans will ship or whatever

by the way I heard that bonus neptunes had shipped a few ..but know some guys near tiggger's bonus neptune in line of purchase number and
they have gotten nothing ...did knc just pull the supposed bonus neptunes that are shipping ? ...its been about 3 weeks since i heard of anyone getting any

myself don't qualify but thought it was odd as heck *unless they are planning on blowing the dust off the data hall neptunes and shipping them as the 'free bonus'
as a lump it or leave it

as to the 2nd batch titan absolutely no clue on what is broke or what is going on with why they have not shipped yet

probably no one knows ...just tossing it out there on stuff i'm scratching my head about (and how the hell they think they can get away with such antics)

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Paid Piper
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February 12, 2015, 11:19:22 AM
 #39772



http://computersweden.idg.se/2.2683/1.607272/mangmiljonkrav-mot-knc-miner-landar-i-tingsratten




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February 12, 2015, 03:17:12 PM
 #39773


https://translate.google.com/translate?sl=sv&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fcomputersweden.idg.se%2F2.2683%2F1.607272%2Fmangmiljonkrav-mot-knc-miner-landar-i-tingsratten&edit-text=
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February 12, 2015, 05:56:57 PM
 #39774

Class action lawsuit

22 people in so far

Juristfirma Din Rätt
Joakim Strignert / Grundare, Jur kand, Civ ek
+46 (0)708 19 88 91 / joakim.strignert@dinratt.se
smoothrunnings
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February 12, 2015, 08:29:26 PM
 #39775


I don't care what some "reporter" has to say. The media is corrupted, they are owned by the corporations and told what they should should write.

Just remember every story had 3 sides.

Thanks
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February 12, 2015, 09:18:01 PM
 #39776


I don't care what some "reporter" has to say. The media is corrupted, they are owned by the corporations and told what they should should write.

Just remember every story had 3 sides.

Thanks


+1 cudos to you. ALL news sites!

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February 13, 2015, 07:14:32 PM
 #39777


I have started a Twitter account that seeks to preserve and present all evidence we can find of KnCMiner's wrongdoings, to help customers with litigation and also hopefully keep these dangerous machines out of peoples' homes.

We appreciate your support and follows at https://twitter.com/KnC_Law

Samuel (not Sam Cole)
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February 15, 2015, 07:19:16 AM
 #39778

if i ever see sam cole...

i will punch him in the dick

BTC:1B3GN2WRQ6LBk9PcuZxoXevhty8sTgVrxn  <-------ONLY DEPOSIT TO THIS ADDRESS
LIMITED INTERNET ACCESS UNTIL 21st NOVEMBER
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February 15, 2015, 08:03:20 AM
 #39779

if i ever see sam cole...

i will punch him in the dick

I will give a bitcoin if you upload this to the internet.
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February 15, 2015, 03:46:19 PM
 #39780

did KNC send out the bonus neptune devices already?

and if yes are they used ones?

 Grin
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