Swedish ASIC miner company kncminer.com

[RHA]

Far from that.

[1713984617]

1713984617

[1713984617]

1713984617

[newfrozzen]

so is KNC officially a SCAM?

Have you read all posts ?
That would answear your questions.
.
.
.
Q:"so is KNC officially a SCAM?"
A: Not really.

[Beepbop]

I wonder what all those other 11 employees are doing... Contrary to what Sherlock Holmes (aka mobodick ) believes, they are probably not all bakers.

If it was a bakery that sells to the public, and perhaps even have their own food serving area, then of those 11 I'd expect 4 bakers, 3 sales/serving staff, 2 patissiers and 1 HR/admin person and 1 cleaning staff. (Baking is made at night/early morning, and the day staff takes care of the sales.)

In a more industrial bakery, that sells to stores and businesses rather than directly to the public, you can cut the sales staff and add more bakers.

In a ASIC developing company, that doesn't interact with the public either, you'd be more served to put together a team where each engineer has slightly different, but also overlapping, expertise. There might be one HR/admin staff, but the rest of the employees could be engineers. Cleaning and security is typically outsourced. Even the owners could be engineers.

So yeah, they're probably just needing more people. Or perhaps one of their employees is moving to a different part of the country, is retiring or is going on pregnancy leave.

If it's a BTC bakery, then yes. 11 PresidentCxOIdeamen and 1 baker. Sounds like the usual to me.

Touché. And the 1 baker would have a full time job in a bank, and remote control the bread making machines on his spare time.

However, this company isn't really a BTC company. They're in it for the dirty SEK.

[kingcoin]

If you check on LinkedIn you will see that most of them are engineers.

[John Self]

If you check on LinkedIn you will see that most of them are engineers.

Where do I send my lifesavings?

[Beepbop]

My guess is that those who shout the loudest that this is a definite scam, will be the first ones to order a unit, and they probably ordered from every ASIC scam out there too.

Perhaps as a bonus KNCminer's business parters could be scared away from this venture by the rabid hordes calling the phones off the hook demanding to preorder right at this minute, having one of their employees constantly on the phone and not getting any work done.

[Rampion]

If you check on LinkedIn you will see that most of them are engineers.

Where do I send my lifesavings?

 

[dan99]

i hope they have the chip and pcb board on hand or else how on earth are they going to meet their dateline..

[log2exp]

23 pages, still none of our bitcoin prominent members contacted by you. What kind PR is this?

[Phinnaeus Gage]

23 pages, still none of our bitcoin prominent members contacted by you. What kind PR is this?

They're pacin' themselves.

[PulsedMedia]

This is funny. There are many scams, but so far there is nothing to suggest KNC is a scam, infact, quite to the contrary.

KNC -> legit company
KNC partnering with OrSoC -> Actually needed know-how being used
OrSoC -> legit company in operation for a really long time
OrSoC -> confirms the partnership

All that being said, with all the scams going on i'd be a skeptic too.

Let's just wait they tell us something more.

[kano]

This is funny. There are many scams, but so far there is nothing to suggest KNC is a scam, infact, quite to the contrary.
...

Then you didn't read the complete bullshit in their very first post:

...
We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013 (yes in just a few months)
...

[PulsedMedia]

This is funny. There are many scams, but so far there is nothing to suggest KNC is a scam, infact, quite to the contrary.
...

Then you didn't read the complete bullshit in their very first post:

...
We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013 (yes in just a few months)
...

So they are a scam because they allow pre-orders? No one is telling you that you have to pre-order.
Many legit companies have pre-orders. Infact anything you buy a ticket for later use is a pre-order, so movie tickets are a scam too?

It's not shame to be fast, albeit that sounds a bit too fast but somehow i doubt it's impossibly fast with skilled people (OrSoC).

EDIT: Just to be clear, i'm not saying either way, only that it is possible this is not a scam so far.

[dan99]

This is funny. There are many scams, but so far there is nothing to suggest KNC is a scam, infact, quite to the contrary.
...

Then you didn't read the complete bullshit in their very first post:

...
We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013 (yes in just a few months)
...

They never take a single cents from us ... not like butterfly who took the money for a year and no delivery.. if they is delivery at all?

[Anvi]

I pre-ordered, but no payment was required. I'm hoping that we won't have to pay until shipment

[inbox]

.

[John Self]

This is funny. There are many scams, but so far there is nothing to suggest KNC is a scam, infact, quite to the contrary.
...

Then you didn't read the complete bullshit in their very first post:

...
We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013 (yes in just a few months)
...

They never take a single cents from us ... not like butterfly who took the money for a year and no delivery.. if they is delivery at all?

Yeah this isn't so bad. I'm considering ordering.

Edit: But just considering it. This 'first come first served' business could also be an elegant and effective way of scamming lots of people in one go.

It would be nice if they shipped a batch of 5 or 10 to respected forum members a week (or some set period) before opening payment to those with preorders. The interest this would generate would be tremendous, people would start raising money for group buys, and those who order will feel safe while doing it, and investors who can't risk a lot of capital won't be discouraged.

At the moment, normal people will be scared off by the possibility of a scam- and it would be a missed opportunity to expand the bitcoin mining community if payments are accepted without absolute certainty of a product. A period of confirmation would delay shipping by a few days, but this would be a good time for the company to accumulate units in preparation for a simultaneously sold-out first and second batch in the moment this period finishes.

[kano]

This is funny. There are many scams, but so far there is nothing to suggest KNC is a scam, infact, quite to the contrary.
...

Then you didn't read the complete bullshit in their very first post:

...
We will in the upcoming weeks opening our order book to allow the purchase of our first set of ASIC miners. They are in the early stages of development now and will be ready in the summer of 2013 (yes in just a few months)
...

They never take a single cents from us ... not like butterfly who took the money for a year and no delivery.. if they is delivery at all?

They are quoting something that cannot be done.

Meanwhile you are quoting something that is false.

Yes BFL has accepted a lot of people's money and yes they still haven't delivered, but it is certainly not a year.
In fact it is, at the moment, 5 months late ... and counting

[Freedom24]

But how long need they?

Faster then BFL?

[johnyj]

Could be legit, but I still doubt their time schedule. Even if they already have a finished chip design, the prototyping/test/software/manufacturing/assembly will still take another 3 months at least, if they outsourced the manufacturing to other countries, another month needed for back and forth shipping/custom clearance etc...