Swedish ASIC miner company kncminer.com

[user27]

NEWS FLASH!
My order says "Order #151## In progress" so it looks like I'm not getting my refund (which I requested as soon as spec was released, before they started shipping).
u27

funny how it always seems to work out that way with a asic mnfg company......
I am sorry for your loss (I have a Titan coming....will join you in grief soon the way things seem will likely get a box of parts)
Searing

I feel your pain re Titan; difference is that Titan was not listed as refundable.

[Noruka]

I just noticed your sig:

My BTC mining address : 1NoRoihSKUCsXy1XKuy5KaFhqZsad1ETUn

You've accepted you've been screwed. Therefore, why all the fuss?

You do realise if you mine 5BTC with a Neptune and the price of BTC skyrockets to $2000/coin, all that means to you is you make back what you spent.

The guys with sense and good timing got back 22BTC for Neptune refunds. And if the price of BTC skyrockets to $2000/coin, they will have pocketed a cool $44,000. With no hassles, no electricity costs, no RMA's etc.

Argue away, but you do know you were screwed by KNC. I don't see why you are defending them. Unless it's Stockholm Syndrome

i got 21 BTC in fiat back from my originally bought Neptune with ~11 BTC. Thank you KNC for giving me the option to refund at around $1150 BTC price. Zero reason for me to hold on to my Neptune order in February when i can just get twice the amount of BTC without the risk of ASIC preorder blues.
Bought 20 BTC when it was ~$40
preordered a Neptune with ~11 BTC
refunded and used the fiat to buy ~21 BTC
zero heartache now about KNC screwing me over.

Funny thing about refunds, they only help the company with confidence of its consumers if they actually stick to their promises and production schedule.

I can guarantee you im not the only one that was keen enough to understand that if you used BTC to order a neptune at the high of the price then you basically locked in selling BTC at that price if you refunded.

Im not surprised they eventually are flipping over their refund policy. They are probably bleeding BTC for fiat like crazy now that it costs twice as much BTC to get fiat refunds into peoples hands.

*UUuuuuhhhh.....
Go back and re-sharpen that pencil....    I find this hard to believe...   You refunded on the opening day of Neptune preorder and made coin?
The price never went that high at any time during the Neptune pre-order "refund era",
Neptunes went up for preorder on December 2nd, and the price was indeed "peaking" around the 1150 price you quote...
It then went down from that day(was actually that price for only a brief moment that day), and it NEVER returned....   so  how could you have possibly refunded at 1150 and still make coin?  Impossible.  You would have had to have refunded at a LOWER price to make coin on that deal.
It's obvious you came here to join the trolling bandwagon with a fistfull of Bullshit.
If you're gonna make shit up, at least get the numbers right.

negative bud i did not refund on the opening day of Neptune orders.

go back and scan for some month time frames on when i said i got my refund.

jesus do people read things all the way before they post a reply.

[dropt]

negative bud i did
jesus do people read things all the way before they post a reply.

No, they don't, and people like Pheonix are notoriously bad at reading comprehension.

[tolip_wen]

Many accurately predicted delivery date exactly including what appears to be a pause.

Few predicted accurately at the time, future diff.
We were, all of us in this thread, equally informed of their calculations and invited to do our own.
In fact we were re-reminded more than once.
Still got your homework?
How many were graded incomplete?

Of the accurate diff predictors, fewer still that also ordered Nep in the first place.

My recollection is that 'last second 1 box shipped @ 3.001T' was the consensus.


YMMV

[xhomerx10]

Many accurately predicted delivery date exactly including what appears to be a pause.

Few predicted accurately at the time, future diff.
We were, all of us in this thread, equally informed of their calculations and invited to do our own.
In fact we were re-reminded more than once.
Still got your homework?
How many were graded incomplete?

Of the accurate diff predictors, fewer still that also ordered Nep in the first place.

My recollection is that 'last second 1 box shipped @ 3.001T' was the consensus.


YMMV

 I think a great many were hoping for a surprise.  It didn't happen.  Hopefully the Neptoon penta-miner can be run at a higher rate than shipped.

[The Avenger]

Many accurately predicted delivery date exactly including what appears to be a pause.

Please show your homework for this statement, as it certainly doesn't ring true for people who read this thread fully and regularly.

[faetos]

Many accurately predicted delivery date exactly including what appears to be a pause.

Please show your homework for this statement, as it certainly doesn't ring true for people who read this thread fully and regularly.

I was certainly under the illusion that KFC would ship in q1. When BC said they were still in development in Jan then it finally dawned on me that Avenger was right. I promptly asked for a refund sadly realizing that it would never ROI if it were not released in q1.

[Phoenix1969]

Many accurately predicted delivery date exactly including what appears to be a pause.

Please show your homework for this statement, as it certainly doesn't ring true for people who read this thread fully and regularly.

I was certainly under the illusion that KFC would ship in q1. When BC said they were still in development in Jan then it finally dawned on me that Avenger was right. I promptly asked for a refund sadly realizing that it would never ROI if it were not released in q1.

Same here... Does anyone remember when they announced re-submission of the code First week of Jan? If they had finished the shuttle service, and didn't have to re-submit the code, then the timeframe would have been much shorter. "  I know you remember Faetos.... hehe  (post at bottom)

"we have completely re-written and optimised the RTL code"

*Obviously, anyone who ordered most likely thought we would get Neppies shipping way before the last day of Q2.  We had every reason to believe that late Q1 was a possibility. I don't think it was intentional, I think there was problems with the chip, which is also why we are hashing with 5 boxes per Neppie, instead of a single tidy box like Jupiter. The code re-submission wreaked havoc on the timeline and case design
Everyone saying they planned to screw us ahead of time is like saying they knew about Gox in 1976 imho.  

KNC did what they could there...  We wouldn't even be discussing this though if KNC had been more transparent and forthcoming on what was happening. It's too bad we live in a time when "secrecy" is held in such high regard by those doing the developing/manufacturing, but when there's tens of millions at stake I can understand development secrecy.
My biggest "Peeve" is the cloud-hashing farm. That hurts customers in every way.


"The post"....

1421 pages. I wonder what percentage of that content is OT.

on topic - KnC - I want an update on the status of the Neptunes, please.

Neptunes are still very much in the preliminary design phase. As much as the timeline will be reduced significantly in comparison to a standard engineering project at 20nm, if such exists, because this is absolute bleeding edge we want to be absolutely sure what we commit to silicon will ensure a successful product at the end. This initial phase will not be rushed.

That said we have completely re-written and optimised the RTL code. The Jupiter project was very much focused upon safe speed to market and the window of opportunity hashing power presented in this present finite period prior to significant competition. The Neptune project whilst adhering to aspects of the aforementioned must focus upon power consumption as it's primary trait if customers (you guys) will be able to compete successfully over a longer period. We know that we are reaching limits on standard household circuits, we want you to remain competitive w.r.t. the unfolding mining landscape and we are all to well aware that electricity costs will come into focus in the not too distant future.

So where we are now is that we have a working FPGA code and are in the process of testing that and tweaking any further refinements before it's submission.

With respect to the speculation above we sold out of Neptune's last night.

*Shortly after this post, we lost BitcoinOrama as a Rep. (last post Jan 20th) Any Guesses why?
My guess=   N.D.A. Violation (Non Disclosure Agreement) resulting in termination without pay. Which would explain why we heard tales of KNC still owing 'Orama a few thousand dollars. Just a guess.

[tolip_wen]

Many accurately predicted delivery date exactly including what appears to be a pause.

Please show your homework for this statement, as it certainly doesn't ring true for people who read this thread fully and regularly.

The speculation was all over the place including late and never/impossible and late/never fraud.

Not gonna dig, declare self winner.
My impression of consensus could have easily been personal bias.

That opinion was definately voiced among them and repeated.
Based on my recollection.

And my signature is a disclaimer.

The homework is self graded no need to share BTW.
It's your money, research as little or as much as you choose.

YMMV

[The Avenger]

Many accurately predicted delivery date exactly including what appears to be a pause.

Please show your homework for this statement, as it certainly doesn't ring true for people who read this thread fully and regularly.

The speculation was all over the place including late and never/impossible and late/never fraud.

Not gonna dig, declare self winner.
My impression of consensus could have easily been personal bias.

That opinion was definately voiced among them and repeated.
Based on my recollection.

And my signature is a disclaimer.

The homework is self graded no need to share BTW.
It's your money, research as little or as much as you choose.

YMMV

Makes claims.
Won't back them up.
Claims victory.

Sounds like you have all the groundwork to start your own asic manufacturing company there  

[Meizirkki]

Everyone saying they planned to screw us ahead of time is like saying they knew about Gox in 1976 imho.

BS. imho

[murraypaul]

Everyone saying they planned to screw us ahead of time is like saying they knew about Gox in 1976 imho.  

Rubbish.
It was totally predictable (and predicted) that:
a) They would deliver absolutely as late as they could while being able to claim they didn't technically violate their promises
b) They would weasel out of their refund promises of 'at any point up to shipping'

Here is my prediction, from February:
https://bitcointalk.org/index.php?topic=170332.msg4950745#msg4950745

You need to read between the lines, the wording is carefully chosen.
Look at the underlined part, as they only said Q1/Q2 delivery they won't be late until July 1st.

I have to contradict here in terms of Batch 1 (CA Batch) & Batch 2 -

Batch 1 ToS state: Q1/Q2 but delivery 3-4 weeks before batch 2 which equals delay = 1st July -3/4 weeks
Batch 2 ToS state: Delivery one month before batch 3 which equals delay= 1st July - roughly 2 month (for batch 1)
Batch 3 ToS state: Delivery Q 2

Not much space for interpretation here. Batch 1 hashing has to start latest around early May to satisfy the ToS of all batches 1-3.

My interpretation:
Batch 1 delivered 1st July.
Batch 2 delivered 3-4 weeks later, but with compensatory cloud hashing from 1st July.
Batch 3 delivered 1 month later, but with compensatory cloud hashing from 1st July.

Batch 1 customers are delivered on time.
They just say to batch 2 and 3 customers "Yes, we were late, but it didn't affect you, because we gave you free hashing to match"

From middle to end of June, your machines will be 'in production', and unable to be refunded.

I'm not posting this to claim I'm some sort of genius, it was really obvious at the time.
Why was it obvious? Because it what they did last time.
Fool me once, shame on you, fool me twice, shame on me.

[Phoenix1969]

Points taken...
Fact remains... if they hadn't had to re-submit the code, Neppies would have been ready sooner.

[dropt]

Points taken...
Fact remains... if they hadn't had to re-submit the code, Neppies would have been ready sooner.

That's an assumption, not a fact.

[Phoenix1969]

Points taken...
Fact remains... if they hadn't had to re-submit the code, Neppies would have been ready sooner.

That's an assumption, not a fact.

Okay, fair enough...

For those of you running a shitload of miners, and going long term, this will help....
http://www.galco.com/circuit/harmon.htm

[The Avenger]

KNC thread... omg it so:

https://www.youtube.com/watch?v=9pe0rNieL-Q

in here.

P.S. I'm the granny in blue 

[crashoveride54902]

Everyone saying they planned to screw us ahead of time is like saying they knew about Gox in 1976 imho.

BS. imho

i call bs too...you can say any asic company plans to screw us the miners just from sheer greed...and if you don't believe that well keep buying those high priced non-roi miners I'll buy'em off you when you come to your senses for a price that will roi

[The Avenger]

Everyone saying they planned to screw us ahead of time is like saying they knew about Gox in 1976 imho.

BS. imho

i call bs too...you can say any asic company plans to screw us the miners just from sheer greed...and if you don't believe that well keep buying those high priced non-roi miners I'll buy'em off you when you come to your senses for a price that will roi

KNC totally front-run their Neptune customers profits building the datorhall. That is why so many people bailed in February. And they were TOTALLY right to. Thumbs up to faetos and others who got out then - I bet none of them regret it, seeing how things turned out.

KNC built a massive datorhall which they said was SOLELY built to make sure customers didn't lose a day of hashing if KNC delivered late (cue jelin homage)      

Now they be late, they pulled the rug from those customers who believed their bullshit promise of "completely free" hashing if they were late.

It's a maximum 45 days hashing if you accept the HWYW. How is that comparible to 3TH rig that might last months or a year?

And it could be as little as a couple of days or a week if KNC can ships you some faulty crap, such are their fraudulent HWYW terms. They can cut it off as soon as they send you a box, even if it's garbage.

Anyway, you all know better than me.

[faetos]

This thread has turned into dog shit the same as the company.

[Zelek Uther]

Go back and re-sharpen that pencil....    I find this hard to believe...   You refunded on the opening day of Neptune preorder and made coin?
The price never went that high at any time during the Neptune pre-order "refund era",
Neptunes went up for preorder on December 2nd, and the price was indeed "peaking" around the 1150 price you quote...
It then went down from that day(was actually that price for only a brief moment that day), and it NEVER returned....   so  how could you have possibly refunded at 1150 and still make coin?  Impossible.  You would have had to have refunded at a LOWER price to make coin on that deal.
It's obvious you came here to join the trolling bandwagon with a fistfull of Bullshit.
If you're gonna make shit up, at least get the numbers right.

I pre-ordered my Neptune on November 26th.

Take your own advice and re-sharpen your pencil.  Start with checking facts before subjecting us to yet another brain-fart here on the forum.