Swedish ASIC miner company kncminer.com

[jelin1984]

We wait until June to see what will happen

[1713547919]

1713547919

[1713547919]

1713547919

[Searing]

We wait until June to see what will happen

Well  a 10,200 buck Neptune order is not looking too good now you can get 3 1.5th units (they state elsewhere 1.5th)
for the price of a Neptune 3th by may 16th (group buy less then 100 only price) of 3,200 usd free shipping...so that is
9,600 usd for 4.5th potential in stock now

again shipping starts on the instock units MAY 16th I think the units are 1,250 watts each

https://bitcointalk.org/index.php?topic=598502.0

in stock units

that is 4.5th (+10%/-10%)

there may be a reason the refunds have stalled huh?

Searing

[RealMalatesta]

We wait until June to see what will happen

Well  a 10,200 buck Neptune order is not looking too good now you can get 3 1.5th units (they state elsewhere 1.5th)
for the price of a Neptune 3th by may 16th (group buy less then 100 only price) of

https://bitcointalk.org/index.php?topic=598502.0

in stock units

that is 4.5th (+10%/-10%)

there may be a reason the refunds have stalled huh?

Searing

On the phone, they tell me that they can't look where in the payment queue I am. However, in the KnC-forum, "Kurt" writes:

"BTC refunds will not be sent instantly, there are procedures that we must follow before we issue refunds, there are also many other customers before you in the queue. The delay will be a matter of days, compared to weeks like the delays with bank transfer."

So how does he know where in the queue I am when he can't check the queue?

Also funny: In the past, KnC mined with Eligius with the address 1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X. Today, it seems they are mining 140'000 US$ a day.

Bitcoins for about 9 million US$ were transferred during the last days to another wallet which seems to be from KnC, too. From this wallet, lots of payments were made, some of them in amounts which look "familiar", i.e. it seems that they are paying their "customers" - at least with parts of these Bitcoins.

If this is so, then their problem could be that they are not producing Bitcoins as fast as they have to get them back to former clients, i.e. they not only seem to have a cash-problem, but also a Bitcoin-problem.

But as you see: I'm a newbie, and maybe, I am totally wrong.

So there are just my 2 Satoshi...

[samsonn25]

We wait until June to see what will happen

Well  a 10,200 buck Neptune order is not looking too good now you can get 3 1.5th units (they state elsewhere 1.5th)
for the price of a Neptune 3th by may 16th (group buy less then 100 only price) of

https://bitcointalk.org/index.php?topic=598502.0

in stock units

that is 4.5th (+10%/-10%)

there may be a reason the refunds have stalled huh?

Searing

On the phone, they tell me that they can't look where in the payment queue I am. However, in the KnC-forum, "Kurt" writes:

"BTC refunds will not be sent instantly, there are procedures that we must follow before we issue refunds, there are also many other customers before you in the queue. The delay will be a matter of days, compared to weeks like the delays with bank transfer."

So how does he know where in the queue I am when he can't check the queue?

Also funny: In the past, KnC mined with Eligius with the address 1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X. Today, it seems they are mining 140'000 US$ a day.

Bitcoins for about 9 million US$ were transferred during the last days to another wallet which seems to be from KnC, too. From this wallet, lots of payments were made, some of them in amounts which look "familiar", i.e. it seems that they are paying their "customers" - at least with parts of these Bitcoins.

If this is so, then their problem could be that they are not producing Bitcoins as fast as they have to get them back to former clients, i.e. they not only seem to have a cash-problem, but also a Bitcoin-problem.

But as you see: I'm a newbie, and maybe, I am totally wrong.

So there are just my 2 Satoshi...

All these people/companies have multiple wallets and addresses , and switch pools like crazy.  Is it wonder the "dark pool" is so large.

[ImI]

i read alot about those frankenjups being built from used parts. is there any proof for that? i mean was there dust in the coolers or something like that?

[faetos]

We wait until June to see what will happen

Well  a 10,200 buck Neptune order is not looking too good now you can get 3 1.5th units (they state elsewhere 1.5th)
for the price of a Neptune 3th by may 16th (group buy less then 100 only price) of 3,200 usd free shipping...so that is
9,600 usd for 4.5th potential in stock now

again shipping starts on the instock units MAY 16th I think the units are 1,250 watts each

https://bitcointalk.org/index.php?topic=598502.0

in stock units

that is 4.5th (+10%/-10%)

there may be a reason the refunds have stalled huh?

Searing

....because KfC are greedy bastards

[faetos]

i read alot about those frankenjups being built from used parts. is there any proof for that? i mean was there dust in the coolers or something like that?

ImI, a lot of people said there was thermal paste smeared on the chips and it looked like someone tried to clean it off.

[Biodom]

We wait until June to see what will happen

Well  a 10,200 buck Neptune order is not looking too good now you can get 3 1.5th units (they state elsewhere 1.5th)
for the price of a Neptune 3th by may 16th (group buy less then 100 only price) of 3,200 usd free shipping...so that is
9,600 usd for 4.5th potential in stock now

again shipping starts on the instock units MAY 16th I think the units are 1,250 watts each

https://bitcointalk.org/index.php?topic=598502.0

in stock units

that is 4.5th (+10%/-10%)

there may be a reason the refunds have stalled huh?

Searing

I don't care about any other machines (they are all unprofitable anyway at BTC $440), I just want my money back (BTC, wire, whatever).

[The Avenger]

i read alot about those frankenjups being built from used parts. is there any proof for that? i mean was there dust in the coolers or something like that?

Here you can see through the bubble wrap packaging that the coolers have old thermal paste, showing they are old and used
https://plus.google.com/photos/114801911830720817244/albums/6008617557787710401/6008617559627315970?pid=6008617559627315970&oid=114801911830720817244
https://plus.google.com/photos/114801911830720817244/albums/6008617557787710401/6008617556332918274?pid=6008617556332918274&oid=114801911830720817244

[ImI]

i read alot about those frankenjups being built from used parts. is there any proof for that? i mean was there dust in the coolers or something like that?

Here you can see through the bubble wrap packaging that the coolers have old thermal paste, showing they are old and used
https://plus.google.com/photos/114801911830720817244/albums/6008617557787710401/6008617559627315970?pid=6008617559627315970&oid=114801911830720817244
https://plus.google.com/photos/114801911830720817244/albums/6008617557787710401/6008617556332918274?pid=6008617556332918274&oid=114801911830720817244

thats hardcore

[RealMalatesta]

i read alot about those frankenjups being built from used parts. is there any proof for that? i mean was there dust in the coolers or something like that?

Here you can see through the bubble wrap packaging that the coolers have old thermal paste, showing they are old and used
https://plus.google.com/photos/114801911830720817244/albums/6008617557787710401/6008617559627315970?pid=6008617559627315970&oid=114801911830720817244
https://plus.google.com/photos/114801911830720817244/albums/6008617557787710401/6008617556332918274?pid=6008617556332918274&oid=114801911830720817244

thats hardcore

That's hardcore, indeed. And it seems as if it was planned. KnC writes in its TOS:

1.2 The Products are sold for business use only and Purchaser hereby accepts that it has purchased the Products in order to conduct a business.

Now KnC's "Kurt" translates this into:

What you agreed to states that you are purchasing as a business in a business to business transaction, you are not a consumer.

English isn't my first language, and maybe I totally misunderstand this. But  first of all: If KnC would like to make a deal with a company - which would clearly be a business - then they would give the option on their homepage to register as a company. This is not possible. You only can register as a private person.

So they knew from the beginning that they will mainly deal with individuals.

Now they write in the TOS: "for business use". And "in order to conduct a business."

WIth no word they write that the buyer IS a business. Nevertheless, "Kurt" now says that all transactions were of a "business to business" nature.

Why does he write "you are not a consumer"? Because KnC is afraid as hell that the Swedish Consumer Protection Agency (or however you call this thing) may jump on their back. Therefore he is whining that "you are not a consumer". What they delivered with the Frankenjups is potentially hazardous - and could mean a lot of trouble with Consumer Protection. Not only in Sweden, but all over Europe. And I guess in the US, too.

Alternatively, they knew from the beginning that they will rip off their clients and put the "business"-paragraph into their TOS, planing to refer to it once the whole operation blows up.

[Tinhead on] Meanwhile, I wouldn't exclude this... [Tinhead off]

[murraypaul]

Alternatively, they knew from the beginning that they will rip off their clients and put the "business"-paragraph into their TOS, planing to refer to it once the whole operation blows up.

Perhaps a little harsh, but yes, this was deliberately added to remove any fallback on consumer protection laws.
Bitcoinorama shilled really hard to make it sound like it didn't matter, but hey, he was wrong.
Haven't seen him around much since he got paid, have we?

[bobsag3]

Alternatively, they knew from the beginning that they will rip off their clients and put the "business"-paragraph into their TOS, planing to refer to it once the whole operation blows up.

Perhaps a little harsh, but yes, this was deliberately added to remove any fallback on consumer protection laws.
Bitcoinorama shilled really hard to make it sound like it didn't matter, but hey, he was wrong.
Haven't seen him around much since he got paid, have we?

Last time I saw him was at the BTC Conference in Austin back in.. March?

[RealMalatesta]

Alternatively, they knew from the beginning that they will rip off their clients and put the "business"-paragraph into their TOS, planing to refer to it once the whole operation blows up.

Perhaps a little harsh, but yes, this was deliberately added to remove any fallback on consumer protection laws.
Bitcoinorama shilled really hard to make it sound like it didn't matter, but hey, he was wrong.
Haven't seen him around much since he got paid, have we?

This was my impression, too. And funny enough: Guess who's dealing with such TOS which try to rip off clients? The Consumer Protection Organisation.....

[Phoenix1969]

i read alot about those frankenjups being built from used parts. is there any proof for that? i mean was there dust in the coolers or something like that?

ImI, a lot of people said there was thermal paste smeared on the chips and it looked like someone tried to clean it off.

"thermal paste is" NO PROOF AT ALL  (They need to test them, right?)
Proof is when the unit reports back as "Saturn"!
Some in the forum had that happen.

[joeventura]

We wait until June to see what will happen

Whose "we"?  By June you will be the only one waiting.

[greghawk]

We wait until June to see what will happen

Whose "we"?  By June you will be the only one waiting.

I´m also waiting for my neppys.

Anybody else, or have you guys all refunded, Titaned or Frankened up?
https://bitcointalk.org/index.php?topic=348957.0

[DPoS]

"thermal paste is" NO PROOF AT ALL  (They need to test them, right?)

yes they need to test so they only send out the broken ones!

[barabbas]

SOME COULD BE INTERESTED IN THE COMPANY THEY ARE BUYING FROM

Or, to be more precise, who sits on the board of KNC: The name of the "angel" is Brock Pierce and he is one of the speakers/Panelists at the upcoming Bitcoin Conference, Amsterdam 2014.

Here's a bit more about him: http://www.hollywoodreporter.com/news/bryan-singer-sex-abuse-case-699828

[btc_uzr]

KnCMiner is associated with pedophiles.
Wow! What comes next ?!

another src