Swedish ASIC miner company kncminer.com

[greyhawk]

I didn't read the thread. Has someone mentioned yet that the site owner is Samuel Cole and a Samuel Cole was indicted in a §2 million scam http://abclocal.go.com/wpvi/story?section=news/local&id=8893736 ?

Also has someone asked why a  Swedish site would only accept payment in a currency called the "USA Dollar"

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[E3V3A]

99 % SCAM!

Even if they currently don't believe it themselves, they're scammers. Sweden is surprisingly full of unemployed or "self-employed" former business students who were never able to produce anything other than copying and/or jumping on the latest scamming scheme. You'd be surprised how many Swedish scammers have approached me (as investors) in the last 5 years, with their various forms of pyramid and Ponzi scheemes. (Probably because of what I do. I work in several different fields on various high technology projects.) Until they can provide the info we have already asked for, we should not believe for one minute that a company registration is proof of anything. Anyone can register a company in Sweden, it doesn't mean jack. What is surprising is that this family (2 dudes + girlfriends etc) doesn't seem have the slightest idea about computer hardware, and certainly not ASICs. Also, I fail to see any profit in any of their "other" companies in the past. So if they are serious at all they better start cooperating with us.

Signs of a serious company:
---------------------------------------

Have their company officially registered in the country of operation.
Have their company type clearly stated. (If they are a Co./Inc./Ltd/Home etc.)
Have their company registration date within normal time frame. (2 month to 1 year.)
Has a physical company address (not a postbox)
Have all contact info available:
   Email (with their own domain name.)
   Phone
   Address
   Alternative business operational address. (laboratory, offices etc.)

Have bank account info and payment information.
Have a clear description of their procucts and/or services.
Have a clear and transparent description of themesleves and their previous business experience.
Have a clear description of their employees. (What they do, what's their experience.)
Have a clear description of number of employees.
Have a clear description of their partners, if any.

Accept all normal payment methods:
   Credicard (VISA/Mastercard/Amex etc.)
   PayPal
   Banktransfer


Reliable Signs of a Scam Company:
---------------------------------------

No clear ownership
No clear contact information
No clear Domain registration
No payment information apart (paypal, bitcoin)
No history of business operations
No proven credibility of actually doing "this" kind of business
No finished products
No available info about the products they're trying to sell ("secret" is red flag)
Company registered outside of country of operation or in other tax-paradise.
Company owners have registered several other companies in widely different sectors
Asking for pre-payments
Poor language skills
Poor or non-existent support
Multiple excuses and "scheduling problems"
Silence


My question to these guys are:
---------------------------------------

What type of company do you have?
Where is it registered?
How many employees do you have?
What do they do?
What is your previous area of operations?
What other companies do you run?

Who is your ASIC chip provider?
Who is designing your ASIC boards?
Who will manufacture your boards?

Where can we find close-up pictures of the PCB + chips?
Where can we find any other verifiable design info?
On what basis can you make you particular Hash-rate?

How do you plan to ensure customer satisfaction?
Where can we find a log of what you're actually doing, when you say you're "busy"?
What is your current delivery schedule and on what grounds is it based upon?


If you're not able to answer these questions, we're definitely not able to support your scam product.  


Cheers,

[elebit]

Dear kncminer,

I live within almost walking distance from your office, and I will be happy to come over some time and see if your miner hardware works as advertised.

If I can test run it against my p2pool node and benchmark how long it takes to find an accepted block and everything checks out fine you would have yourself a customer as well.

[dazzle]

Is this a scam or not? Im baffled

[sickpig]

I didn't read the thread. Has someone mentioned yet that the site owner is Samuel Cole and a Samuel Cole was indicted in a §2 million scam http://abclocal.go.com/wpvi/story?section=news/local&id=8893736 ?

Also has someone asked why a  Swedish site would only accept payment in a currency called the "USA Dollar"

samcole@hotmail.co.uk is the email reported in the kncminer.com whois record
I've googled a bit and this is what I've found so far:

http://www.englishforum.ch/members/2711-samcole.html
http://www.domaincrawler.com/magnussoncole.com#whois

so it seems that your felon Samuel Cole is not the same Sam Cole
we're talking about here.

US Dollar only:

Will it be possible to pick the miners up in person and pay via cash?
Why are yourprices in USD when you are situated in the EU?

well as we are in Sweden (not a member of the single currency) We could list the products in SEK (Swedish krowns) but this would be confusing for the vast majority of our customers. So we will list in USD simply to make it easier for everyone.

ps I'm not affiliated in anyway with kncminer.com

[chipd]

I didn't read the thread. Has someone mentioned yet that the site owner is Samuel Cole and a Samuel Cole was indicted in a §2 million scam http://abclocal.go.com/wpvi/story?section=news/local&id=8893736 ?

First of all, that's in the states and these guys live in Sweden. Secondly Samuel Cole is not an american, and thirdly according to the article they are still in custody.
Maybe you should spend more time on your research next time.

Also has someone asked why a  Swedish site would only accept payment in a currency called the "USA Dollar"

I assume to make it easier for people abroad as Sweden is far from a major market and they are not native in English.

[chipd]

Just FYI, I have been in contact with the real Andreas Kennemar (got email address from an trusted colleague) and can confirm that he is who he says he is and that the project is real.
Question now is if they can deliver on their promises.

[greyhawk]

First of all, that's in the states and these guys live in Sweden.

They do have these things called planes now

I assume to make it easier for people abroad as Sweden is far from a major market and they are not native in English.

They do have these things called Euro now

[chipd]

First of all, that's in the states and these guys live in Sweden.

They do have these things called planes now

I assume to make it easier for people abroad as Sweden is far from a major market and they are not native in English.

They do have these things called Euro now

Kinda difficult to take an airplane when they are most likely still in custody.

... and no, we do not have Euro in Sweden, although we are a member of EU.

[johnyj]

I see lot's of advertisement effort in the title, none of the existing ASIC manufacturers have part of it's name related to country or mining

[northcape]

Difficulty will be through the roof by the time these guys can ship. Avalon Gen2 will probably arrive by then. There’s no word on who will provide the chips.

My guess is that they are just harvesting email addresses and personal information, although I am not sure for which purpose.

[chipd]

Just FYI, I have been in contact with the real Andreas Kennemar (got email address from an trusted colleague) and can confirm that he is who he says he is and that the project is real.
Question now is if they can deliver on their promises.

PM me his email.  I'll connect with him on Linkedin.  He is 3 levels from me.

Wont give out any emails without permission.
... but you can always send an email to him via the address on the webpage or via the support form for that?

[r3animation]

Just FYI, I have been in contact with the real Andreas Kennemar (got email address from an trusted colleague) and can confirm that he is who he says he is and that the project is real.
Question now is if they can deliver on their promises.

PM me his email.  I'll connect with him on Linkedin.  He is 3 levels from me.

Wont give out any emails without permission.
... but you can always send an email to him via the address on the webpage or via the support form for that?

Your Honor, I rest my case.

Do you give out emails of people you know to anyone on the street?

[collapse]

EU INTRA-VAT number?

Paypal it is not fraud resistant. Escrow?

Specs?

Someone from Sweden can check address and others?

[tosku]

Someone from Sweden can check address and others?

You can use ratsit.se or upplysning.se to check information on Swedes and Swedish companies. What do you want to know?

[defxor]

May I suggest you contact Rick Falkvinge, founder of the Swedish Pirate Party, when you have something to show?

I support this proposal.

[log2exp]

May I suggest you contact Rick Falkvinge, founder of the Swedish Pirate Party, when you have something to show? He's living in Stockholm, and is a well known figure in parts of the internet community. He has also shown great interest in Bitcoin, and he's a really smart man. If you can convince him you are legitimate, you have also convinced me and (I suspect) many others. I'm not really sure he'd lend his name to vouch for you, but it doesn't hurt to ask.

+1!

[chipd]

EU INTRA-VAT number?

Paypal it is not fraud resistant. Escrow?

Specs?

Someone from Sweden can check address and others?

VAT number (confirmed) is already posted on the first page, and I have confirmed a few posts up that he is who he claims to be.

[dan99]

good to have something more interesting ..

[shibaji]

I think the issue that kncminer needs to address is: whether 50GH/s is enough at the time they will deliver - seems small given more avalon and bfl (?) will be in the market.