Aggrophobia
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Activity: 1078
Merit: 1001
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April 30, 2014, 01:43:34 AM |
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And regarding the individual: You can set up a company without capital, i.e. use the miner as capital. As long as the miner is not delivered, the company is not existing, thus, you still are a private person protected by consumer laws. If you ask for a refund, you stop being a possible business, i.e. you are again a consumer who's assets are not sent back in time. Sadly, this doesn´t apply. KnC TOS state that you "agree" to be a business and agree to a b2b contract. It doens´t matter wether you actually run this as a business or not, you will be treated as such. As to the fraud debate: as stated above it might be treated as fraud by relevant authorities. However, i see this as irrelevant because in the meantime they will just refund you and get off the hook. It's not so easy to bypass european law with one sentence, in a b2b contract the seller has to verify that the customer is running a business via EU Company VAT/TAX Number. http://www.shopbetreiber-blog.de/2012/02/23/verkauf-nur-an-gewerbetreibende-verkaufer-trifft-kontrollpflicht/
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Biffa
Legendary
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Activity: 3220
Merit: 1220
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April 30, 2014, 02:03:40 AM |
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And regarding the individual: You can set up a company without capital, i.e. use the miner as capital. As long as the miner is not delivered, the company is not existing, thus, you still are a private person protected by consumer laws. If you ask for a refund, you stop being a possible business, i.e. you are again a consumer who's assets are not sent back in time. Sadly, this doesn´t apply. KnC TOS state that you "agree" to be a business and agree to a b2b contract. It doens´t matter wether you actually run this as a business or not, you will be treated as such. As to the fraud debate: as stated above it might be treated as fraud by relevant authorities. However, i see this as irrelevant because in the meantime they will just refund you and get off the hook. It's not so easy to bypass european law with one sentence, in a b2b contract the seller has to verify that the customer is running a business via EU Company VAT/TAX Number. http://www.shopbetreiber-blog.de/2012/02/23/verkauf-nur-an-gewerbetreibende-verkaufer-trifft-kontrollpflicht/That really covers selling on Ebay which is primarily a consumer medium, and there is the provision to put your VAT ID on the purchase page. And its all really a moot point, most people who asked for refunds have recieved them no problem, there seems to be a bit of a delay at present which is being communicated to people who are impacted. Lets start to get the pitchforks out if it drags on for extended lengths of time beyond what they have said to expect. There have been two public holidays in Sweden in April, not sure if everyone is counting them as working days.
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opentoe
Legendary
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Activity: 1274
Merit: 1000
Personal text my ass....
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April 30, 2014, 02:32:21 AM |
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Neptune performance upgrade 4/28/2014 6:48:00 PM KnCMiner Offers Two-for-One Deal on Bitcoin Mining’s Most Powerful Machine to Loyal Customers STOCKHOLM, DATE, 2014 — KnCMiner ( https://www.kncminer.com/), the most trusted brand in Bitcoin mining, announced today that it will give every current customer who has an outstanding order for a machine from its Neptune line’s first two batches a free Neptune from its upcoming “third batch” of Neptunes. This represents a $5,995 value and, perhaps more importantly, will provide KnCMiner’s most loyal customers with twice the hashing power they would have otherwise received with just one of these machines. “We know that it is getting tougher to successfully mine in this environment and we want our customers to have every advantage we can give them,” said KnCMiner CEO Sam Cole. “So to combat the downward trend in mining returns for the customers who have been with us right from the beginning, and to show our competition we mean business, we will be over-delivering again on all orders.” Neptune is KnCMiner’s first 20nm product. It features a minimum of 3,000 GH/s (aka 3 TH/s) of hashing speed, five times faster than the company’s most recent bestselling miner, the Jupiter. It also boasts a 30 percent reduction in watts-per-GH. Thanks to KnCMiner’s offer, each customer who ordered a first or second batch Neptune, will get a minimum 6TH for each order, with their original 3TH product shipped in June and the free “third batch” machine delivered in August. “As miners face growing competition, and the increasing difficulty to mine Bitcoin, we will keep working on creative and unorthodox ways to put the best and most loyal customers on the planet first and provide them with the competitive edge they’ve come to expect from KnCMiner,” said Cole. The company has recently announced other initiatives to engage all form of cryptominers, including the launch of a “Mini Neptune” machine (1500 GH/s, $3,495), and for all those Litecoin and Dogecoin enthusiasts, the availability of scrypt miners—the Titan (300 MH/s, $9,995) and “Mini Titan” (150 MH/s, $5,495). KnCMiner also offers cloud-hosted mining participation to existing customers. To learn more about these products and services, please visit https://www.kncminer.com. One of the last panic announcements of KnC to keep their Neptunes Customers stick with the current orders. Now when the hopefull and loyal Customers, which transferred their order, are pissed at how they got threatened/abused/mislead/scammed etc. will probably apply for a refund. And this call must prevent them from doing this. I imagine KnC probably allready have a huge wave of refunds now... At the moment they seem to have big troubles in refunding cancellations, and their current funds and mining can't cope this? Yeah, yeah!!! Well they mine ~400BTC a day (~14-17 Neptune units of refunds a day; they need ~160 Days at current conditions to mine back the refunds for the first and second batch). If enough people Bought Titans and 3th Batch Neptunes or even the smaller Models of them, they directly can compensate the refundings. Nontheless, it still stresses them hard. On the other hand it sounds really Sad: while some people want to get out, new people are getting involved into a bigger and bigger ponzi scheme and new customers May even be in doubt if they are getting a working unit in the end. It looks like KnC is turning their reputation into some amaturistic hobbists, who ships broken pieces of what is called FrankenJupter, can not deliver in time anymore and making poor decisions in the long run. When everyone is applying for their refunds and taking futher proper legal actions, this might get them on the edge of surviving in this turbulent Bitcoin economy.... Well people better get things straight and act rational while they still can!!!! Note KnC doesn't seems to be a trustful company: - Which "newspaper" brought this news? Looks like they paraphrases themselves in the article. - They broke promises by building themselves a massive Miningfarm bigger than stated in their own code of conduct. - It is very plausible the farm is financed direct from Neptunes Customers money, while no one is getting a share/btc back of it. - Their deliverly of FrankenJupiters are mostly DOA's, proves they do not care about the Quality they deliver to customers. - What about the original 3th Neptunes Customers: they also deserve an equivalent compensation. That would be fair! - ... - ... Well the list could be longer, these are just some of the big things which now are the case. Now you have to try and power TWO Neptunes in the summer. Not for my boys. They finally requested refund. They can't power two Neptunes and keep them cool.
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bittawm
Legendary
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Activity: 1894
Merit: 1087
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April 30, 2014, 04:07:11 AM |
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does anyone know where the fans plug into with the super jups? dont think they fit on controller
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@bittawm is my real telegram @bittawm is my real twitter beware of impersonators
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mo_mo
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April 30, 2014, 04:29:40 AM |
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This is the 10th business day and i still don't have my refund.
KNC PLEASE STOP HOLDING MY MONEY AND SEND ME MY ENTITLED REFUND!!!
Hello,
It usually takes about 10 business days for finance department to issue refund. However, it might take a bit longer in case if finance department is loaded with work. Please do not hesitate in contacting us if you have further questions. Poor Natalie. She is like a robot. I got the same mail 4 times now. I think i will just ask them until they refund me. I got the same email from her. it's been more than 3 weeks now
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xstr8guy
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April 30, 2014, 04:47:17 AM |
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does anyone know where the fans plug into with the super jups? dont think they fit on controller They plug into the ASIC boards (inside the case) not the controller boards.
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1l1l11ll1l
Legendary
Offline
Activity: 1274
Merit: 1000
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April 30, 2014, 04:58:11 AM |
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Damn Missed it by that much 6 inches?
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AFox
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April 30, 2014, 06:29:12 AM |
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I'm so happy, still have some Neptune orders because I forgot them. And now they are doubled ! Also, KNC is learning from their mistakes (shipping, firmware, maybe dead lines), so I'm sure to receive full functional miners.
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ElGabo
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April 30, 2014, 07:00:51 AM |
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I'm so happy, still have some Neptune orders because I forgot them. And now they are doubled ! Also, KNC is learning from their mistakes (shipping, firmware, maybe dead lines), so I'm sure to receive full functional miners.
Could you give me half of you optimism? I would be the happiest guy in the world.
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" I'm waiting for my punishment, I know it's on my way So cut, cut, cut me up and fuck, fuck, fuck me up"
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1465
Clueless!
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April 30, 2014, 09:14:52 AM |
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I'm so happy, still have some Neptune orders because I forgot them. And now they are doubled ! Also, KNC is learning from their mistakes (shipping, firmware, maybe dead lines), so I'm sure to receive full functional miners.
forgot them? ? forgot them? ? (have to sit down I feel dizzy......alas I wish I could purchase jupiters and give them the attention of purchasing them the same weight as usb 333mh asic miners.... the mind boggles Searing (ps hire me to run you gh empire...i'd remember!!!
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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samsonn25
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April 30, 2014, 09:15:32 AM |
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I'm so happy, still have some Neptune orders because I forgot them. And now they are doubled ! Also, KNC is learning from their mistakes (shipping, firmware, maybe dead lines), so I'm sure to receive full functional miners.
You will eventually. But unless you have too much money, did the investment bring anything in return. . .
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lemonte
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April 30, 2014, 09:24:44 AM |
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Looking at my reseller figures, I'd hazard a guess that they've just done a shed load of refunds. Anyone care to confirm?
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whonesta
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April 30, 2014, 09:42:20 AM |
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Looking at my reseller figures, I'd hazard a guess that they've just done a shed load of refunds. Anyone care to confirm?
I can confirm they have been HOLDING my refund for 23+ days now. I can confirm they have completely ignored my request, save the "status" change to "Refund ready for process". I can confirm they have had my Swift banking &/OR BTC account for 23+ days. I can confirm that KnC is far and away the shit-eating-est manufacturer, YES even worse then Inaba and BFL (They actual did ship, albeit 11 months late, I am running their equipment). KnC totally Phucked their customers and in a LAST ditch effort to save their A$$E$ are doubling the hash of devices, oh how very Hashfast of them. In conclusion KnC is the BFL of '14, BFL is the Hashfast of '14, and BitMainTech is the ONLY manufacturer that is giving miners(US) a chance @ ROI.
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clubminer
Sr. Member
Offline
Activity: 392
Merit: 250
Let's get rich together
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April 30, 2014, 09:51:52 AM |
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anyone want buy miner with 3TH/s ?? PM me.
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bittawm
Legendary
Offline
Activity: 1894
Merit: 1087
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April 30, 2014, 11:02:31 AM |
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buying controllers pm me
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@bittawm is my real telegram @bittawm is my real twitter beware of impersonators
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yelloyello
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April 30, 2014, 11:27:58 AM |
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I'm so happy, still have some Neptune orders because I forgot them. And now they are doubled ! Also, KNC is learning from their mistakes (shipping, firmware, maybe dead lines), so I'm sure to receive full functional miners.
"some Neptunes" and "forgot them" Something doesn't fit here... I absolute don't forget an investment of tens of thousends of dollars.
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aramaic
Newbie
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Activity: 13
Merit: 0
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April 30, 2014, 12:23:52 PM |
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Unfortunately my first post here will be negative for KNC 22 days after Refund was requested , I'm receiving this funny note from Anna: Anna (kncminer)
Apr 30 14:02
Hello,
We will process refund by bank transfer. Please be aware, it might take some more weeks as finance department is busy. Thank you.
Best regards | Med vänlig hälsning
Anna Jagdhar
Kncminer www.kncminer.com Office: +46 8559 253 20 Is there anyone received Refund from beginning of April till now? Or KNC are going on the bankrun in the next weeks?
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midyatspor
Member
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Activity: 107
Merit: 10
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April 30, 2014, 12:31:05 PM |
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Unfortunately my first post here will be negative for KNC 22 days after Refund was requested , I'm receiving this funny note from Anna: Anna (kncminer)
Apr 30 14:02
Hello,
We will process refund by bank transfer. Please be aware, it might take some more weeks as finance department is busy. Thank you.
Best regards | Med vänlig hälsning
Anna Jagdhar
Kncminer www.kncminer.com Office: +46 8559 253 20 Is there anyone received Refund from beginning of April till now? Or KNC are going on the bankrun in the next weeks? waiting for mine also, it's been almost 20 days.
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RoadStress
Legendary
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Activity: 1904
Merit: 1007
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April 30, 2014, 12:31:58 PM |
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Today i got my BTC refund from KnC. I advise everyone to go that route! Farewell KnC!
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elasticband
Legendary
Offline
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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April 30, 2014, 12:33:16 PM |
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How much btc dis you get per neptune?
When did you convert to btc? I did so last week.
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