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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3008463 times)
timmmers
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August 09, 2013, 02:33:54 AM
 #5341

By buying their products you are agreeing to the T&C and thus explicitly agreeing that you are acting as a business and thus "forfeiting" consumer rights.

Wow, that's how it works? The website just needs to have the words "for business use only" and they avoid all consumer rights laws?

No it's not how it works. In fact the law says that terms and conditions need to be reasonable. You can't just add all kinds of rubbish to suit your needs.

That line made me laugh, it's total bollocks.

"Thus" ...that implies that businesses have no legal protection when they buy stuff, which would, for example, spell doom for all retailers who are businesses who buy everything they sell on to consumers who have rights that they don't?
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August 09, 2013, 03:00:59 AM
 #5342

"Thus" ...that implies that businesses have no legal protection when they buy stuff, which would, for example, spell doom for all retailers who are businesses who buy everything they sell on to consumers who have rights that they don't?

They have enough negotiating leverage to work out specific deals with suppliers for how to deal with returns.  So for example, Walmart will be able to send back returned stuff to the manufacturer because that's the deal they work out.

Anyway, non-lawyers really shouldn't be trying to do legal analysis.  You'd need to a lawyer based in Sweeden to tell you the legality of that T&C. Speculating about it is just a waste of time really.

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August 09, 2013, 03:50:29 AM
 #5343

Difficulty now above 40,000,000.  Hope things are on fast track.
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August 09, 2013, 04:27:15 AM
 #5344

Difficulty now above 40,000,000.  Hope things are on fast track.


Not only that, avalon next generation chip is expected to deliver in mid October. And they are not using pre-sale tactic any longer.

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August 09, 2013, 04:47:13 AM
 #5345

Yeah that's bad news for KNC pre-orderees. Difficulty is definitely going to be jumping up massively after October.

ROI should be good if it's shipped around early Sept otherwise things gonna look bad. Any delays and ROI is pretty much gone.
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August 09, 2013, 05:12:04 AM
 #5346

Yeah that's bad news for KNC pre-orderees. Difficulty is definitely going to be jumping up massively after October.

ROI should be good if it's shipped around early Sept otherwise things gonna look bad. Any delays and ROI is pretty much gone.

Avalons chip problems are great news for us, a possible delay or no delivery means better ROI for KNC customers. A delay on chips is pretty much the same as if they were delivered 5 weeks ago.
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August 09, 2013, 05:21:56 AM
 #5347

I'd say its worse news for Avalon's new chip than for us. They're selling chips, not full machines, so there's another month lag time at least, and they may not see people buying as much as they hope if KNC ships. The door on ASIC profitability is closing and people who get their ROI covered will be sitting pretty and then it won't make sense for others to jump into the game.

Democracy is the original 51% attack.
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August 09, 2013, 05:28:28 AM
 #5348

I'd say its worse news for Avalon's new chip than for us. They're selling chips, not full machines, so there's another month lag time at least, and they may not see people buying as much as they hope if KNC ships. The door on ASIC profitability is closing and people who get their ROI covered will be sitting pretty and then it won't make sense for others to jump into the game.

Exactly! ^^^ Imagine all the misery this is causing not just for chip buyers but for  BKKcoins, burnins, terrahash and the rest. Interesting times ahead. I foresee a spike in KNCminers sales as well.
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August 09, 2013, 05:34:51 AM
 #5349

I doubt there will be a spike in KNCminer sales until more detailed information is released about their progress.
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August 09, 2013, 05:36:26 AM
 #5350

I doubt there will be a spike in KNCminer sales until more detailed information is released about their progress.

Maybe, but this is a real chance for KNC to emerge as one of the winners, I just hope they don't let this opportunity go to waste.
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August 09, 2013, 06:14:46 AM
 #5351

Kncminer only have life expectancy of 6 months if the current projection of difficulty is accurate. That also assume btc value stay above 90.


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August 09, 2013, 06:53:09 AM
 #5352

Hey..O'rama.. Do you remember offhand if we will be able to use a standard size cpu watercooler? I think I remember it mentioned in the openday rept?


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operador
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August 09, 2013, 07:25:45 AM
 #5353

Difficulty now above 40,000,000.  Hope things are on fast track.


Not only that, avalon next generation chip is expected to deliver in mid October. And they are not using pre-sale tactic any longer.



Difficulty is 37,392,766 or Am I missing something?
organofcorti
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Poor impulse control.


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August 09, 2013, 07:44:24 AM
 #5354

Difficulty now above 40,000,000.  Hope things are on fast track.


Not only that, avalon next generation chip is expected to deliver in mid October. And they are not using pre-sale tactic any longer.



Difficulty is 37,392,766 or Am I missing something?

Should have been "Next estimated difficulty" I guess.

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timmmers
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August 09, 2013, 07:56:18 AM
 #5355

Running any KnC kit delivered in Nov makes grim reading on the calculator here if it's anywhere close to right http://mining.thegenesisblock.com/ especially since the October figures would be for kit delivered at the start of that month which is unlikely for most of us. I hope their 75% increase has taken the KnC rigs into account.

BFL peeps who have yet to see their box must read that with tears in their eyes.
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August 09, 2013, 09:11:43 AM
 #5356

Difficulty now above 40,000,000.  Hope things are on fast track.


Not only that, avalon next generation chip is expected to deliver in mid October. And they are not using pre-sale tactic any longer.



Difficulty is 37,392,766 or Am I missing something?

Should have been "Next estimated difficulty" I guess.

No, next estimated is 48,739,191 in 4.9 days.  Shocked

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operador
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August 09, 2013, 09:14:31 AM
 #5357

Difficulty now above 40,000,000.  Hope things are on fast track.


Not only that, avalon next generation chip is expected to deliver in mid October. And they are not using pre-sale tactic any longer.



Difficulty is 37,392,766 or Am I missing something?

Should have been "Next estimated difficulty" I guess.

No, next estimated is 48,739,191 in 4.9 days.  Shocked

It looks like we'll be at 65 on sep 13.
Phoenix1969
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August 09, 2013, 09:20:31 AM
 #5358

I just used skype to initiate a conference call between myself, my mate in Toowoomba, and called KNC, and to my surprise, Andreas Kennmar answered the tele!
We didn't keep him on the tele for long, but we asked a few relevant Q's I'll share
The first Q was my asking him about the possibility of watercooling the miners. The short explanation is no, they won't be designed for it, but is slated for gen2
Are we on track with delivery?...  Yes, we're in front.
Power supplies final specs?  Not as of yet, but there will be a new spec announcement soon with recommendations.
 Grin


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whisper
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August 09, 2013, 09:25:13 AM
 #5359

Thanks to keep us on track!
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August 09, 2013, 09:26:37 AM
 #5360

I just used skype to initiate a conference call between myself, my mate in Toowoomba, and called KNC, and to my surprise, Andreas Kennmar answered the tele!
We didn't keep him on the tele for long, but we asked a few relevant Q's I'll share
The first Q was my asking him about the possibility of watercooling the miners. The short explanation is no, they won't be designed for it, but is slated for gen2
Are we on track with delivery?...  Yes, we're in front.
Power supplies final specs?  Not as of yet, but there will be a new spec announcement soon with recommendations.
 Grin


Man, KNC should give the info here directly but thanks for the update!
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