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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3030045 times)
Satobit
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September 13, 2013, 06:59:51 AM
 #9221

It will nice to see all the delusional nutters eat it when they start shipping these units out.

what you said could be just pure masturbating, or maybe not. Time will tell.

I put 1 btc bet on "no".
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Bitcoinorama
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September 13, 2013, 07:37:45 AM
 #9222

Bitsyncom now realise with Bitcoin seen as a currency at a federal level in the US, should they end up in court, he is in the shit, big time, as his past wording has;

1). Classed his offering as an unregulated financial services product,
2). He has failed to deliver on his promise,
3). He has directly affected his inability to deliver as promised, and ensured his customers have realised a loss, over the gains promised.
4). He priced his products based on the returns they were claimed they would receive.
5). FinCEN will tear his non BS terms to pieces. Fact. He's adhered to none of their guidelines or registered his company as a financial service.

You know he's offered everyone a refund, right? I also don't remember him every promising an ROI.

He only remerged on this forum after disappearing for two months, four hours after Interpol was mentioned.

He has only offered refunds since the threat of legal action after a US federal judge declared Bitcoin a currency.

Have you never seem Bitsyncoms's original 'No BS Terms' on the Avalon-ASICs.com webpage? Aside from mentioning how the sale should be treated as an investment, they have a clickthrough agreement, legally known as a 'clickwrap agreement' binding such terms of sale.

http://www.inc.com/chas-rampenthal/avoid-website-lawsuits-terms-of-service-zappos.html

In addition Yitterbum, I'm sure you have to be familiar with The Avalon Batch #3 pricing?

"How is each batch’s unit price determined?

The price of each unit is the current mining difficulty which at the time of writing, just got readjusted to about 6,695,826. We take that number and multiply it by two ( predicting the network speed will double. ) and calculate the return in a thirty day window, which is about 75 bitcoins. See this site for more details."

In short, as a US incorporated company, Bitsyncom is f**ked, and their sudden offer to refund has nothing whatsoever to do with integrity or kindness. You'd be naive to think otherwise buddy.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
dplusf
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September 13, 2013, 08:22:01 AM
 #9223

i believe that today will be an important announcement from knc regarding our devices. it must be, right before to the weekend :-)
demonmaestro
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Mining for the hell of it.


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September 13, 2013, 08:31:20 AM
 #9224

why because its friday the 13th"?  Shocked



Happy Friday 13Th  Grin

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androz
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September 13, 2013, 08:54:26 AM
 #9225

http://bitbet.us/bet/472/kncminer-will-deliver-asic-devices-before-october-1st/

Place your bets, folks.

Confirmed bets: 97 ( No: 43  /  Yes: 54 )

Disclosure: I've placed a 2 BTC bet they won't deliver to customers before Oct 1st.

knc members could make extra cash ... insider betting  Cool

dplusf
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September 13, 2013, 09:12:05 AM
 #9226

why because its friday the 13th"?  Shocked



Happy Friday 13Th  Grin

because i'll get a better feeling over the weekend! Cheesy
xstr8guy
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September 13, 2013, 09:49:14 AM
 #9227

I am shocked anyone fell for this SCAM!
If you believe that a company entered into manufacturing out of love, goodwill, and in the interest of preventing monopoly I roll my eyes at you.
It is the business of manufacturing miners for profit or manufacturing lies for profit.
And they are not manufacturing miners for profit.

If all they wanted was to help birds sing, puppys play and the sun shine brighter, or even just to help prevent a monopoly then they would make them and give them away or just keep them to mine themselves to offset the cost of manufacturing while fending off a monopoly.

But with BFL and Avalon there already is no monopoly.

Buying into a problem that does not exist for reasons that are too noble to trust is madness.

The madness here is yours. A problem that does not exist? WTF are you talking about?
WE have heard from people who have visited and posted videos of this company and the people behind it, they have never mentioned doing anything out of love, the nearest they came to that was the sensible mention that they would try and make their rigs worth buying as far as keeping up with rocketing hashrate. They ALWAYS said they'd mine themselves. They never said they would or could prevent a monopoly...that bit made my eyes roll being such a load of bollocks.

There's a rock over there, with a space beneath it that's just your size next to eve and the other trolls. Occupy it, there's a good  thing.

MangoJ obviously hasn't been paying any attention to the Custom Harware forum for the past 2 months, lol.  BFL?  Avalon?  Who?  BFL is barely in the game anymore.  Avalon doesn't sell miners or even chips and hasn't for many weeks.  Ever heard of Bitfury?  They're actually delivering working ASIC miners right now... On time and (mostly) on spec.  Why can't another well-respected and funded company like KnC do the same?

So forgive MangoJ's ignorance.  He probably just crawled out from the alt coin forum and was shocked at what has been going on the past 2 months.
vesperwillow
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September 13, 2013, 11:08:10 AM
 #9228

Go back to the rock you came from.  Cool   Go buy some BFL miners!

No thanks.  You want to be rude?  I can be rude!  Go back to jail cell you came from.
How dare you aid in the commission of a fraud!
While you are at it, I have a bridge in Brooklin you can buy for 100BTC and a Nigerian prince that wants, no NEEDS your help!  Yes YOUR help!  He wants to give you 10% of his Royal treasury and his daughter but he needs 12k USD to transfer his money via his agent that is abroad in the UK.

That... wasn't really rude. Kinda just drolling on.

Ytterbium
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September 13, 2013, 11:23:06 AM
 #9229

In short, as a US incorporated company, Bitsyncom is f**ked, and their sudden offer to refund has nothing whatsoever to do with integrity or kindness. You'd be naive to think otherwise buddy.

You clearly have no idea what you're talking about. As much as it irritates bitcoiners, it's not illegal to ship something late.

Quote
"How is each batch’s unit price determined?

The price of each unit is the current mining difficulty which at the time of writing, just got readjusted to about 6,695,826. We take that number and multiply it by two ( predicting the network speed will double. ) and calculate the return in a thirty day window, which is about 75 bitcoins. See this site for more details."

It's not illegal to estimate how much profit someone will make buying equipment, it doesn't somehow make a miner a 'security'

The Pirateat40 guy was just a straight up ponzi schemer, not a manufacturer who simply delivered stuff late.  If it was illegal to be late with gear then all of BFL_Josh would be in gitmo by now.

Bitcoinorama
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September 13, 2013, 11:31:16 AM
 #9230

I am shocked anyone fell for this SCAM!
If you believe that a company entered into manufacturing out of love, goodwill, and in the interest of preventing monopoly I roll my eyes at you.
It is the business of manufacturing miners for profit or manufacturing lies for profit.
And they are not manufacturing miners for profit.

Read up on the subject, there's a difference between engineers and hustlers (the negative kind). Do you understand ORSoC's involvement in this? They build a bleeding edge 28nm ASIC faster that anyone else ever has - not just Bitcoin related, any industry, they receive industry accolade, that's a huge springboard, and is the motivation of engineers worldwide, to do things faster, better and more capable than anyone ever has before. ORSoC then becomes a much larger player in the scheme of things, again not the Bitcoin fraternity, that's a small-time niche in the integrated circuit engineering world. This is just a fun project you are putting wayy too much emphasis on. Like ASICs are merely a period within transitionary Bitcoins history, this ASIC 'project' is purely a 'transistionary' period in ORSoC's history that gains them recognition - hence the purpose in underpromising, because if you over deliver on expectation, not only do customers rate you, so do your piers. Fact.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
Bitcoinorama
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September 13, 2013, 11:33:33 AM
 #9231

In short, as a US incorporated company, Bitsyncom is f**ked, and their sudden offer to refund has nothing whatsoever to do with integrity or kindness. You'd be naive to think otherwise buddy.

You clearly have no idea what you're talking about. As much as it irritates bitcoiners, it's not illegal to ship something late.

Quote
"How is each batch’s unit price determined?

The price of each unit is the current mining difficulty which at the time of writing, just got readjusted to about 6,695,826. We take that number and multiply it by two ( predicting the network speed will double. ) and calculate the return in a thirty day window, which is about 75 bitcoins. See this site for more details."

It's not illegal to estimate how much profit someone will make buying equipment, it doesn't somehow make a miner a 'security'

The Pirateat40 guy was just a straight up ponzi schemer, not a manufacturer who simply delivered stuff late.  If it was illegal to be late with gear then all of BFL_Josh would be in gitmo by now.

No you clearly have no idea what you are talking about. It is illegal to mention the word 'investment', or promise a 'return on investment' and then make that part of your terms of sale via the use of a clickwrap when you are an unregulated financial service.

"Please read this carefully, as with all things Bitcoin one should treat this as an investment and make the decision best for you based on the liquid-able funds available at the moment when placing an order.

I accept the terms and the potential risks involved with placing an order."


If you want to hold and transmit money in any way you will need to comply with money transmitter laws. Bitcoin has been recognised as a currency on a Federal level. Bitsyncom has claimed to offer an investment by which they hold your funds and offer a return over a given period and then made you click to agree to those terms.

To compound this, there is the shadiness of the fact they pre-mined and purposely delayed equipment with a premeditated knowledge of the effect on promised returns, this is known and provable and had a direct detrimental effect on their customers 'investment', along with the allegations by their own staff they were in possession of significant numbers of chips from the end of June, before dropping all contact for a couple of months until legal action was threatened.

There is a significant difference between the above and what they should have stuck to, i.e. they manufacture a machine that spits Bitcoins, that is all the machine does, and is not priced on a return on investment.

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
tarmi
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September 13, 2013, 12:01:29 PM
 #9232


It is illegal to mention the word 'investment', or promise a 'return on investment'



catch-22
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September 13, 2013, 12:47:45 PM
 #9233

I am shocked anyone fell for this SCAM!
If you believe that a company entered into manufacturing out of love, goodwill, and in the interest of preventing monopoly I roll my eyes at you.
It is the business of manufacturing miners for profit or manufacturing lies for profit.
And they are not manufacturing miners for profit.

Read up on the subject, there's a difference between engineers and hustlers (the negative kind). Do you understand ORSoC's involvement in this? They build a bleeding edge 28nm ASIC faster that anyone else ever has - not just Bitcoin related, any industry, they receive industry accolade, that's a huge springboard, and is the motivation of engineers worldwide, to do things faster, better and more capable than anyone ever has before. ORSoC then becomes a much larger player in the scheme of things, again not the Bitcoin fraternity, that's a small-time niche in the integrated circuit engineering world. This is just a fun project you are putting wayy too much emphasis on. Like ASICs are merely a period within transitionary Bitcoins history, this ASIC 'project' is purely a 'transistionary' period in ORSoC's history that gains them recognition - hence the purpose in underpromising, because if you over deliver on expectation, not only do customers rate you, so do your piers. Fact.

I prefer a jetty.
Biomech
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September 13, 2013, 12:55:05 PM
 #9234

I am shocked anyone fell for this SCAM!
If you believe that a company entered into manufacturing out of love, goodwill, and in the interest of preventing monopoly I roll my eyes at you.
It is the business of manufacturing miners for profit or manufacturing lies for profit.
And they are not manufacturing miners for profit.

Read up on the subject, there's a difference between engineers and hustlers (the negative kind). Do you understand ORSoC's involvement in this? They build a bleeding edge 28nm ASIC faster that anyone else ever has - not just Bitcoin related, any industry, they receive industry accolade, that's a huge springboard, and is the motivation of engineers worldwide, to do things faster, better and more capable than anyone ever has before. ORSoC then becomes a much larger player in the scheme of things, again not the Bitcoin fraternity, that's a small-time niche in the integrated circuit engineering world. This is just a fun project you are putting wayy too much emphasis on. Like ASICs are merely a period within transitionary Bitcoins history, this ASIC 'project' is purely a 'transistionary' period in ORSoC's history that gains them recognition - hence the purpose in underpromising, because if you over deliver on expectation, not only do customers rate you, so do your piers. Fact.

I prefer a jetty.

Damn, ya beat me to it! (sorry "Rama, it's just funny)

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
joae1975
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September 13, 2013, 01:12:36 PM
 #9235

I foresee ASIC development getting so advanced that it will evolve into an artificially intelligent life form (by accident) and the destruction of the human race, matrix style.  The robot's name will be "Orsoc."

1CTRG2ozX9ugneLeGjwDWDSNimpghTdLJm
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September 13, 2013, 01:13:59 PM
 #9236

http://bitbet.us/bet/472/kncminer-will-deliver-asic-devices-before-october-1st/

There's two 15BTC bets on Yes Shocked
plasmoske
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September 13, 2013, 01:17:33 PM
 #9237

More people need to bet NO so I can win more money Roll Eyes
Bitcoinorama
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September 13, 2013, 01:20:07 PM
 #9238

I am shocked anyone fell for this SCAM!
If you believe that a company entered into manufacturing out of love, goodwill, and in the interest of preventing monopoly I roll my eyes at you.
It is the business of manufacturing miners for profit or manufacturing lies for profit.
And they are not manufacturing miners for profit.

Read up on the subject, there's a difference between engineers and hustlers (the negative kind). Do you understand ORSoC's involvement in this? They build a bleeding edge 28nm ASIC faster that anyone else ever has - not just Bitcoin related, any industry, they receive industry accolade, that's a huge springboard, and is the motivation of engineers worldwide, to do things faster, better and more capable than anyone ever has before. ORSoC then becomes a much larger player in the scheme of things, again not the Bitcoin fraternity, that's a small-time niche in the integrated circuit engineering world. This is just a fun project you are putting wayy too much emphasis on. Like ASICs are merely a period within transitionary Bitcoins history, this ASIC 'project' is purely a 'transistionary' period in ORSoC's history that gains them recognition - hence the purpose in underpromising, because if you over deliver on expectation, not only do customers rate you, so do your piers. Fact.

I prefer a jetty.

G**damn! Grin

*peers

Make my day! Say thanks if you found me helpful Smiley BTC Address --->
1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp
vesperwillow
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September 13, 2013, 01:20:36 PM
 #9239


KNC insider betting? Could even be a ruse to get people to jump on the yes side lol

FeedbackLoop
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September 13, 2013, 01:40:21 PM
 #9240

Necroing the PSU discussion. I've been looking around and really like the pricing versus the stability on these:

http://www.jonnyguru.com/modules.php?name=NDReviews&op=Story4&reid=344

The 850 Watt version is at least as good but it would be interesting to hear about some OC options from KNC and how much extra power one could expect to need in case of a moderate OC.
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