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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3037212 times)
SgtMoth
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March 04, 2015, 03:21:47 PM
 #39861

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
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DGulari
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March 04, 2015, 05:03:35 PM
 #39862

He will regret selling it so cheap soon enough..
Look at EBay - Neptunes are going for less than 750!!!  Why so cheap?  I am sure you can still make good money on these.  If Bitcoin price goes up soon, then damn good money!!!

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samsonn25
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March 04, 2015, 05:29:44 PM
 #39863

He will regret selling it so cheap soon enough..
Look at EBay - Neptunes are going for less than 750!!!  Why so cheap?  I am sure you can still make good money on these.  If Bitcoin price goes up soon, then damn good money!!!

Because a Neptune wil only ROI less than 2btc in its lifetime, and this is with $ .10 electrcity.

At $ .17 electricity the Neptune will mine .6 btc lifetime.

You do the math.

Sooo it is better to buy 3 btc for $800 than buy that machine to mine it.
mishax1
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March 04, 2015, 06:42:07 PM
 #39864

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
1992w maybe ?
SgtMoth
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March 04, 2015, 07:06:57 PM
 #39865

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
1992w maybe ?

He told me this 5 min before I typed it, he has no reason to lie to me.  He also said he has some dead dies. 
mishax1
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March 04, 2015, 07:08:47 PM
 #39866

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
1992w maybe ?

He told me this 5 min before I typed it, he has no reason to lie to me.  He also said he has some dead dies. 

hehe, dead dies? poor guy...  I declined delivery for my titan..  Roll Eyes
Tigggger
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March 04, 2015, 10:00:33 PM
 #39867

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
1992w maybe ?

He told me this 5 min before I typed it, he has no reason to lie to me.  He also said he has some dead dies. 

I suspect this is the reading from inside KNC's GUI rather than at the wall.  Mine is running at 3.75w/GH and that was the best I could achieve with underclocking (it makes very little difference)

SgtMoth
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March 04, 2015, 11:28:04 PM
 #39868

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
1992w maybe ?

He told me this 5 min before I typed it, he has no reason to lie to me.  He also said he has some dead dies.  

I suspect this is the reading from inside KNC's GUI rather than at the wall.  Mine is running at 3.75w/GH and that was the best I could achieve with underclocking (it makes very little difference)

Your probability right, he was going to send me screen shots.


*He killawatted it, that some funny shit, 1600w
Searing
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March 05, 2015, 03:26:00 AM
 #39869

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
1992w maybe ?

He told me this 5 min before I typed it, he has no reason to lie to me.  He also said he has some dead dies.  

hehe, dead dies? poor guy...  I declined delivery for my titan..  Roll Eyes




how did all that work out the Titan decline for delivery?  (or are in in the process of the class action ..thus the denial of shipment if that was the angle?) curious?

thanks? (i applied to the class action 2x no reply....others with neppies and bonus neppie owners i know did get accepted and/or at least still get
spam emails from them    I guess the Titan was not as good a legal fight....in the fact ..i'm sure they can show knc used the 'bonus neptunes' on their data halls at the expense
of the customers..so i expect that is the angle the class action is in search of from a legal point of view..and being frigging late

as to a titan class action ..well .....i am probably out of the loop ..but i've not heard of anything ....or progress..zip...

feel free to enlighten me (i'm a former knc kool aid drinker......) we could start a support group with kool aid and cookies...group therapy there's the ticket!















 

 

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Every Day Junglist
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March 05, 2015, 04:51:38 AM
 #39870

mine ranges from 350-375 overclocked with no dead die's at 1060w...i was one of the lucky ones i guess...
mishax1
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March 05, 2015, 05:40:44 AM
 #39871

Why should anyone sell a titan for 5% of it's price when you can get ROI in less than 2 months on the 500$.  Customs probably cost him more than that.

Obviously he does not think it is worth much more.

4 months ROI would be a fair price for it.


So, anyone with a titan can confirm mining @ 300mhs using 1100W ? like they say on their page ?

My buddy says his is doing 330mhs @ 992w
1992w maybe ?

He told me this 5 min before I typed it, he has no reason to lie to me.  He also said he has some dead dies.  

I suspect this is the reading from inside KNC's GUI rather than at the wall.  Mine is running at 3.75w/GH and that was the best I could achieve with underclocking (it makes very little difference)

Your probability right, he was going to send me screen shots.


*He killawatted it, that some funny shit, 1600w

Thats what I thought..
mishax1
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March 05, 2015, 06:59:17 AM
 #39872

Sell your unprofitable asics - http://www.coindesk.com/megabigpower-buyback-program-bitcoin-miners/
samsonn25
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March 05, 2015, 01:35:08 PM
 #39873

Sounds suspicious.
btc_uzr
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March 05, 2015, 02:35:51 PM
 #39874

Sounds suspicious.

Why do they need to know the exact address (except for burglaries) where the miners are located ?
Postal Code would be enough to calculate shipping costs or whatever..

http://imgur.com/VSGzcJq

*edit: street is optional

..and Thou shalt spread the coin in the name of cryptography for eternity
jelin1984
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March 05, 2015, 05:18:11 PM
 #39875

mining is dead
electrity is more expensive from btc

even at neptune

go to hell btc and mining

go fuckkkkkkkkkkkkkkkkkkkkkkkkkkkkkk
KS
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March 06, 2015, 08:54:27 AM
 #39876


how did all that work out the Titan decline for delivery?  (or are in in the process of the class action ..thus the denial of shipment if that was the angle?) curious?

thanks? (i applied to the class action 2x no reply....others with neppies and bonus neppie owners i know did get accepted and/or at least still get
spam emails from them    I guess the Titan was not as good a legal fight....in the fact ..i'm sure they can show knc used the 'bonus neptunes' on their data halls at the expense
of the customers..so i expect that is the angle the class action is in search of from a legal point of view..and being frigging late

as to a titan class action ..well .....i am probably out of the loop ..but i've not heard of anything ....or progress..zip...

feel free to enlighten me (i'm a former knc kool aid drinker......) we could start a support group with kool aid and cookies...group therapy there's the ticket!


Sorry to see things are still going to same way here... Good luck.

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
Zelek Uther
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March 06, 2015, 10:16:31 PM
 #39877

Just paid ~$226 ($299.92 NZD) import duty for my bonus Neppy (scheduled for delivery on 2 March). The declared value was $1,370.

I must admit, I had a moment there thinking... is it worth paying $300 for this thing? Then I just paid it. It'll be handy for the coming winter here in the Southern hemisphere.

Would have been awesome to get this back in August 2014. Now... not so much.

You will find that KNC will not accept the miner back. Your better off just paying the duty and selling it.



So they declare the value as 1370. How much did you pay?
I paid 9,995 + 255 shipping = $10,250 USD for a Neptune pre-order on 2013-11-28, which was delivered on 2014-07-12.

The Neptune I received on 2015-03-02 was a 2-for1 bonus Neptune (based on my original Customer Appreciation batch pre-order on 2013-11-28).

So depending on how you look at it, I either paid "nothing" for the bonus Neppy, or perhaps I paid $10,250 / 2 = $5,125 USD for it.

In any case, New Zealand Customs assessed my import duty (of ~226 USD) based on KnCMiner's declare value of $1,370 for the Neptune. I'd be interested to hear from other bonus 2-for-1 recipients as to what their Neptune's declared value is.

Run a Bitcoin node, support the network.
mishax1
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March 07, 2015, 08:59:19 AM
 #39878

The best way to run a Titan is to "punch Sam Cole in the balls".
Searing
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March 07, 2015, 09:02:34 AM
 #39879

Killed the previous msg got the Titan to work with 6 cubes on 2 1200i corsair psu's and the other 2 with the 2nd controller on a seasonic
860w ....still have my 2 dead dies from my orig unit ..the 2nd titan unit has NO dead dies...currently screaming combined at 645mh.. not bad
with 2 dead dies....

the electric bill is really really gonna suck (shows even 2000w with both units added adv page stats i got to be looking at 2500w in reality)

fun fun hobby

anyway the KNC Jupiter is a doorstop....just these 2 Titans to go and (I'm at the ass end of the line) I too will be out like most ..from 'home mining'

(still praying to the asic gods that a volcano pops up under knc's data hall ......hey a guy can dream right?)

The best way to run a Titan is to "punch Sam Cole in the balls".

To tell you the truth I'd prob give up the 2nd titan just to do that .......it would be worth the 2.25 btc and the loss of mining...make a video of it
ask for donations..I'd clean up....















 

 

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elton123
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March 07, 2015, 06:49:48 PM
 #39880

Got this email..

Quote
I sincerely hope that you have come to a satisfactory conclusion in your dealings with KnC. If not, you may be interested to read further.
 
I’m currently working full time in Sweden pursuing 15 individual litigation's against KnC. In this matter, I collaborate with Magnus Daar, who is, as you may know, pursuing a class action lawsuit against the company.
 
It has come to my attention that many dissatisfied KnC customers, who would like to pursue legal actions against the company, refrain from doing this, simply because they find the costs prohibiting.
 
Since I’m confident in the possibilities to win a litigation against KnC (albeit, there are no guarantees in this business), I like to investigate if you would be interested to participate in a new class action lawsuit, based on the following deal:
 
   • You pay no initial retainer or any other legal fees, such as court fees.
   • If you win, your retainer will be 30 % of what’s reclaimed in the lawsuit.
   • Payment of possible KnC legal fees (in case of a loss) will be split in the group, thus minimizing the individual risk and financial exposure.
 
The main focus in the lawsuit will be on Titan 14L (batch 1) and Titan 16L (batch 2), including KnCs refusal to comply with mandatory Swedish consumer protection laws (the right to cancel an order and to get a refund for any reason whatsoever), marketing of unrealistic ”false” delivery dates and late delivery of products, shipping of products against customer wishes, selling dangerous (fire hazard) and non certified products, selling faulty and non performing products vs advertised, e.g less hash rate and higher power consumption than advertised.
 
Please let me know if you have a Neptune. I may pursue a separate class action lawsuit for this machine, if enough interest.
 
To get as far ahead in the litigation ”race" against KnC as possible, I like to go as fast on this one. Please let me know if you are interested ASAP… and/or if I can be of any other assistance.
 
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