Swedish ASIC miner company kncminer.com

[SgtMoth]

A group of about twenty different customers, and some former KnCMiner employees, have started a Twitter account to help preserve evidence of the KnCMiner fraud.

If you DM, we can also provide help with referrals to lawyers in both Sweden and the USA for help in recovering money stolen by KnC.

Thank you

twitter.com/knc_law

Samuel

there is no knc miner fraud. , only dumb users who expected to much.
an asked money back ,,, and got it back in BTC witch IS legal by sewdish law,
KNC Delivred evrything in the end and the ROI must be seen in BTC.
because only  the coversion rate @ time of transaction does matter!
that the BTC price fell can not be blamed on KNC.

heres a dumb miner for thinking these would be still on the boards when I received them.

[1714051875]

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[1714051875]

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[1714051875]

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[Prelude]

Guys, regarding the neptune. cgminer 4.9.1 VS bfgminer 5.0, any advantages to one or the other? I imagine bfgminer supports #xnsub for pools like nicehash while cgminer doesn't? Anything else?

What do you neptune owners prefer to run?

[notthematrix]

Guys, regarding the neptune. cgminer 4.9.1 VS bfgminer 5.0, any advantages to one or the other? I imagine bfgminer supports #xnsub for pools like nicehash while cgminer doesn't? Anything else?

What do you neptune owners prefer to run?

I use cgminer on both 1st and bones neptune



Mining around Ghash.

[Prelude]

Nice DC/DC temps! What is the ambient temperature where your miners are located? Have you replaced the fans or something?

[varChar]

A group of about twenty different customers, and some former KnCMiner employees, have started a Twitter account to help preserve evidence of the KnCMiner fraud.

If you DM, we can also provide help with referrals to lawyers in both Sweden and the USA for help in recovering money stolen by KnC.

Thank you

twitter.com/knc_law

Samuel

Thanks for this one!

I found this one as well, knc-kncminer-titan-lawsuit.org
But it seems that it's still under construction.

[Searing]

A group of about twenty different customers, and some former KnCMiner employees, have started a Twitter account to help preserve evidence of the KnCMiner fraud.

If you DM, we can also provide help with referrals to lawyers in both Sweden and the USA for help in recovering money stolen by KnC.

Thank you

twitter.com/knc_law

Samuel

there is no knc miner fraud. , only dumb users who expected to much.
an asked money back ,,, and got it back in BTC witch IS legal by sewdish law,
KNC Delivred evrything in the end and the ROI must be seen in BTC.
because only  the coversion rate @ time of transaction does matter!
that the BTC price fell can not be blamed on KNC.

In the USA if you pay in USD you MUST get your refund in USD.... I assume it is the same for the Eu...so no that is not legal even if you accept
we are a business and you are a business method of transaction (I know this because american express card gave me a refund on my 30% down
on my alpha-t.net scrypt miner that never shipped..on that aspect alone.....you pay in usd you get paid back in usd ..how i won the case /dispute
alpha was only offering partial payment of full amount in BTC at the lesser rate ..told folk to lump it or leave it...most with cc order had this fixed
quick....to be fair i think master card it was same day ...my amex took 30 days i think it was.and this would be true even if you believe knc's 1 sided you
are a business argument.....and again i assume this is the same for the EU)...so no they can't pick and choose ...even thou they have offered such
in the past.

Side point is .....the lawyers will imho view prove at least on in the area of NEPTUNES that KNC did not ship the customers units in a timely manner..ie personal use fraud...
(many ordered nov 25th 2013 before KNC even announced it was gonna make a NEPTUNE data farm) so in other words even thou they had previous
orders in hand they skipped over those orders to fill their data hall in Iceland (see  bandwith and their own cloud hashing info on growth there) and then
months afterwards (my recollection at least 4 or 5 months) then shipped the neptunes ordered starting the previous nov 25th 2013 onward after taking the
majority for themselves months earlier

that imho will be the most easy of claims to prove against KNC by the class actions...pretty cut and dried.....

you forget about the firmware for the first 2 months of delivery UNABLE TO DO OTHER ALTS of the fast block nature (ie new coin the most profitable) and the lies about such
till the fix came (no problems but they annonce a fix 2 months late..not to mention the fact they went back and tried to change all the www pages to show they never said
it was an altcoin miner...kept the dates of the pages.but claimed with the changes it was always an LTC miner....

the fact they will NOT RMA  a bad cube (i have 2 cubes with a bad die in each....no RMA on one dead die on a cube unless more then 2 cubes)..that of course was NOT
in their original RMA description ...also changed

the fact also on RMA that they are not required to pay for shipping unless the unit (the whole unit ie titan all cubes) is DOA otherwise you pay the postage of which they charged
last I heard back in nov 2014 when I asked was 400 usd per cube.....they were swamped with RMA problems those months viola change the terms and pages keep the old dates

others on here can add the other 19 things they did that are illegal and probably there are another 14 plus on to that from what I can tell from EU law ..which is even more harsh

those are proven fraud or breach of contract under KNC original rules which they changed and/or won't stand behind their original promises

I'll let others on here add more to the above list....but that is what comes to mind on JUST the firmware and RMA issues alone off the top of my head


and less you say...well that is how all asic mnfg behave...spondoolies has had issues with equipment etc and has always compensated w/o an issue
and no one can say by being honest it hurt their bottom line any.....

anyway others can chime in here with the other 9 pages or so of KNC issues that were dubious and illegal here...I doubt he will bother to read such
in that he seems to still be on the knc kool aid...but hey ......if he is gonna spout such misinformation ...we can bury him with the facts i guess

[Fatman3001]

A group of about twenty different customers, and some former KnCMiner employees, have started a Twitter account to help preserve evidence of the KnCMiner fraud.

If you DM, we can also provide help with referrals to lawyers in both Sweden and the USA for help in recovering money stolen by KnC.

Thank you

twitter.com/knc_law

Samuel

there is no knc miner fraud. , only dumb users who expected to much.
an asked money back ,,, and got it back in BTC witch IS legal by sewdish law,
KNC Delivred evrything in the end and the ROI must be seen in BTC.
because only  the coversion rate @ time of transaction does matter!
that the BTC price fell can not be blamed on KNC.

You are wrong

[notthematrix]

A group of about twenty different customers, and some former KnCMiner employees, have started a Twitter account to help preserve evidence of the KnCMiner fraud.

If you DM, we can also provide help with referrals to lawyers in both Sweden and the USA for help in recovering money stolen by KnC.

Thank you

twitter.com/knc_law

Samuel

there is no knc miner fraud. , only dumb users who expected to much.
an asked money back ,,, and got it back in BTC witch IS legal by sewdish law,
KNC Delivred evrything in the end and the ROI must be seen in BTC.
because only  the coversion rate @ time of transaction does matter!
that the BTC price fell can not be blamed on KNC.

In the USA if you pay in USD you MUST get your refund in USD.... I assume it is the same for the Eu...so no that is not legal even if you accept
we are a business and you are a business method of transaction (I know this because american express card gave me a refund on my 30% down
on my alpha-t.net scrypt miner that never shipped..on that aspect alone.....you pay in usd you get paid back in usd ..how i won the case /dispute

Nope ,,, bitpay is located in Europe! Amsterdam to be preceice!
Knc is sweden so iets europe ,, alphe-t offerd a calender based payout in bitisch pounds...
Like if you ask refund at day X then you get 80 % day Y 50% erc,,, then they can NOT use the BTC price because BTC is not money!
In case of KNC ,, they just offer refund of the TRANSACTION ,,, this means they pay back the trade!

 
http://blog.bitpay.com/2014/09/07/bitpay-s-new-amsterdam-headquarters.html

[notthematrix]

Nice DC/DC temps! What is the ambient temperature where your miners are located? Have you replaced the fans or something?

I repleced the fans with 3000 rpm nocuta.
 room temp is auround 20 / 24c
I also obdervolted al the cubes , some as low as -0.0839

[whisper]

Hard times comes for Sam and Co. :

need some prison meme here!

Swedish law indicates that a prison sentence of up to six years long can be given for fraud, and given the current situation with 24 victims, the prison time could increase exponentially. If the class action lawsuit is won against KnCMiner, it may prompt the Swedish Authorities to start investigating KnCMiner’s business operations.

[Prelude]

Nice DC/DC temps! What is the ambient temperature where your miners are located? Have you replaced the fans or something?

I repleced the fans with 3000 rpm nocuta.
 room temp is auround 20 / 24c
I also obdervolted al the cubes , some as low as -0.0839

Cool, thanks. I'll have to pick some of those up! Do you have a model number by any chance?

[notthematrix]

Nice DC/DC temps! What is the ambient temperature where your miners are located? Have you replaced the fans or something?

I repleced the fans with 3000 rpm nocuta.
 room temp is auround 20 / 24c
I also obdervolted al the cubes , some as low as -0.0839

Cool, thanks. I'll have to pick some of those up! Do you have a model number by any chance?

Not mutch trust in the office! aticle does not exsist
and law firm website does not exsist!

[notthematrix]

Nice DC/DC temps! What is the ambient temperature where your miners are located? Have you replaced the fans or something?

I repleced the fans with 3000 rpm nocuta.
 room temp is auround 20 / 24c
I also obdervolted al the cubes , some as low as -0.0839

Cool, thanks. I'll have to pick some of those up! Do you have a model number by any chance?

posted a model # in  ealyer ,  posts.

[TheRealSteve]

Not mutch trust in the office! aticle does not exsist

They messed up the link.  FTFY: http://www.coinbuzz.com/2015/04/20/asic-manufacturer-kncminer-sued-customers/
Edit: and that article messes up a link, too.  FTFT: http://www.riseco.se/
Edit 2: and that article is pretty much a rehash of: https://www.cryptocoinsnews.com/bitcoin-company-kncminer-facing-three-class-action-lawsuits/

[KnC-Justice]

If you have been screwed by KnC, there are at least three law firms you can contact.

Read and see if any of these issues apply to you below.

Each are easily found on Google, as well have a new site:  KNCCLASSACTION.COM

Sweden:

(1) Joakim Strignert
(2) Magnus Daar

USA:

Charlotte Lin


ATTENTION ALL KNCMINER CUSTOMERS:
MAGNUS DAAR OF ADVOKATFIRMAN RISE & CO AB, JOAKIM STRIGNERT OF JURISTFIRMA DIN RÄTT, AND LAW OFFICE OF CHARLOTTE C. LIN ANNOUNCES AN INTERNATIONAL EFFORT TO PURSUE A JOINT GLOBAL CLASS ACTION AGAINST KNCMINERS.
If you purchased KnCMiner product including Titan, Titan Mini, Neptune, Jupiter, or Cloud Mining, while you were residing in any country, you may be eligible to file a claim against KnCMiner.

The class action alleges that KnCMiner sold defective and underperforming miners, materially breached contracts, and knowingly used deceptive marketing tactics to sell their KnCMiner products. KnCMiner denies it did anything wrong, and fraudulently withheld refunds on products that they knew they could provide, or withheld refunds illegally in violation of Swedish law. This class action is to bring KnCMiner in front of Swedish court to answer to consumer’s grievances across the globe.

If you fall within these groups, you may have a claim against KnCMiner.

Your Titan Batch 1 was shipped late.

Your Titan Batch 1 was defective.

You never received your Titan Batch 1.

Your Titan Batch 2 was shipped late.

Your Titan Batch 2 was defective.

You never received your Titan Batch 2.

Your Neptune was shipped late.

You never received your Neptune.

Your Neptune was defective.

You were promised cloud mining in consideration of giving up something (right to ask for refund, right to 2-for-1 miner, etc).

You were promised a “bonus miner” in consideration of giving up something (right to ask for refund, etc).

You were shipped a miner that was obviously used.

Your Titan Mini was shipped late.

You never received your Titan Mini.

Your Titan Mini was defective.

You asked for a refund before your miner shipped, and was denied a refund.

IF YOU FALL WITHIN ONE OF THESE GROUPS, FILL OUT AN ONLINE CLAIMS FORM.

[bgibso01]

If you have been screwed by KnC, there are at least three law firms you can contact.

Read and see if any of these issues apply to you below.

What about cancelling your order for a Neptune when they took too long and then received a refund? 

[Prelude]

If you have been screwed by KnC, there are at least three law firms you can contact.

Read and see if any of these issues apply to you below.

What about cancelling your order for a Neptune when they took too long and then received a refund? 

I made out like a bandit with that. 

Paid 11.5BTC for Neptune preorder, canceled and was refunded ~27BTC. Best/easiest ROI evar!

[Searing]

A group of about twenty different customers, and some former KnCMiner employees, have started a Twitter account to help preserve evidence of the KnCMiner fraud.

If you DM, we can also provide help with referrals to lawyers in both Sweden and the USA for help in recovering money stolen by KnC.

Thank you

twitter.com/knc_law

Samuel

there is no knc miner fraud. , only dumb users who expected to much.
an asked money back ,,, and got it back in BTC witch IS legal by sewdish law,
KNC Delivred evrything in the end and the ROI must be seen in BTC.
because only  the coversion rate @ time of transaction does matter!
that the BTC price fell can not be blamed on KNC.

In the USA if you pay in USD you MUST get your refund in USD.... I assume it is the same for the Eu...so no that is not legal even if you accept
we are a business and you are a business method of transaction (I know this because american express card gave me a refund on my 30% down
on my alpha-t.net scrypt miner that never shipped..on that aspect alone.....you pay in usd you get paid back in usd ..how i won the case /dispute

Nope ,,, bitpay is located in Europe! Amsterdam to be preceice!
Knc is sweden so iets europe ,, alphe-t offerd a calender based payout in bitisch pounds...
Like if you ask refund at day X then you get 80 % day Y 50% erc,,, then they can NOT use the BTC price because BTC is not money!
In case of KNC ,, they just offer refund of the TRANSACTION ,,, this means they pay back the trade!

 
http://blog.bitpay.com/2014/09/07/bitpay-s-new-amsterdam-headquarters.html

not so in usa law..and we paid in usd so the refund is in usd...as to bitcoin yeah you pay bitcoin they probably can just send you bitcoin

alpha had an offer to make folk go away by only paying part back ...on a pre-order....instead of usd they were gonna give you 'stock' in
the company for the rest.....should have been more clear...

as again to knc you paid in usd you should get refunded in usd as to bitpay and bitcon that is probably correct

but again your point was knc is lawful on all its transactions ..my post was to point out some of the points where others differ and will be
found one way or another in a court of law ...3x that is...there are 3 different class actions (not counting the future one with the IPO's in
my opinion on their lackluster return on 'cloud mining' per say

the legal cases will determine such....but knc does not care because they decided to burn the customers because they will have no customers
in the future on any product just 16nm equip for them privately with their IPO money........

anyway my view i'm sure will be born out by the courts...if they say knc is in the clear i'll accept that ..hey its the law...i suspect if knc loses
big time which is my expectation and settles or what not...you probably post on here and troll how it was a 'miscarrige of justice"

got to admit taking the contrary view of the troll on this thread probably works really really good for all them negative vibe cooties you enjoy so well

anyway that is how i see it ....they are gonna lose and admidtly pay a fine/ settle the class actions with a NDA for an undisclosed amount ...and
after they pay off the lawyers and the class action and the fines etc..they will be way way way ahead of actually doing the expensive right thing
for their customers only...if they sold 2.5k of titans say that is 25 million bucks at 10k a titan ..so hey all batches figure at least imho 15 million bucks
or say 10 million clear profit...all the above fines/settlements/lawyers etc is a couple million tops....so yeah .....they will lose and still smell like roses
is my guess

[whisper]

If they are in jail will be hardly continue to exist as a company.

[Zelek Uther]

After being frustrated with my Corsair AX1200i PSUs which kept shutting down randomly, I went out and bought an EVGA SuperNOVA Platinum 1600W.

Nice PSU: it can power three Neptune modules with plenty of juice to spare.

Today I noticed a burning smell (!), and immediately ran downstairs to my garage and switched off my Neppy (still haven't had time to get my bonus Neppy running yet). I'm gutted, two of my five modules have the bottom three pins burned out of the power connector. It also destroyed two of my PCIe 2-to-1 cables (luckily I have spares). Both of the burnt modules were powered by the EVGA, which claims to have Over Current Protection, but it obviously didn't kick in. Now I have more respect for my AX1200is, I was at my wits end with them, but all along they were just protecting the modules by cutting off with OCP (I didn't know that at the time, I just thought they were "dying"). This has only started in the last month or so, prior to that the Neppy ran like a trooper with no issues.

I have replaced those two burnt modules with bonus modules, and they seem to be working fine. However, the DC/DC avg temp on the bonus modules is about 10C higher than the original modules.

I was running all modules at 475MHz, and have been since July 2014. Now that I've suffered the loss of two modules, I have taken the precaution of down-clocking the original modules to 450MHz, and the bonus modules to 425MHz as their cooling isn't working as well as the originals. After doing this, the Neppy is still hashing at about 3TH/s, which I'm fairly happy with.

I'm not happy with two modules with burnt power connectors and one bonus module which was DOA due to a popped rivet on the bottom (it's on my to-do list to inquire about RMAing that bonus module).

As for the two modules with burnt power connectors, can I assume that the ASICs are still ok? Has anyone tried repairing a burnt power connector, and had success in reviving the module?