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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3039464 times)
retro72
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October 14, 2014, 02:36:07 PM
 #38581

KNC Mining pool grows while we continue to wait
Today, 03:48 PM
You can see here the history of the KNC Miner owned pool over the weeks leading up to the release of the Neptune through until today.

Source : http://organofcorti.blogspot.com.au/...n-network.html

June 1st
6.49%
June 8th
6.14%
June 15h
3.13%
June 22nd
6.35%
June 29th
5.31%
July 6th
5.31%
July 13th
4.11%
July 20th
4.20%
July 27th
3.56%
August 3rd
4.37%
August 10th
3.52%
August 17th
3.56%
August 24th
3.89%
August 31st
2.96%
September 7th
2.85%
September 14th
3.70%
September 21st
3.92%
September 28th
4.64%
October 6th
4.74%

At the beginning of this time period the difficulty was 10,456,000,000, the difficulty is now 35,002,000,000, overall growth of 334%.

The June 1st results (6.49% of approx 80PH) would indicate a hashrate of about 5.2PH

The October 6th results (4.74% of approx 260PH) would indicate a hashrate of 12.3PH

An approximate growth of 7.1PH for the KNC Miner pool over the time period since the Neptune announcement and deliveries began.

Assuming 3.6TH per Neptune, this growth would indicate an additional 1972 Neptunes (7100 / 3.6) that have been added to the private KNC Miner pool over the last four months.

This, while customers are still awaiting delivery of their Neptunes + Bonus Neptunes.

You can see a gradual decline of the % of total hashrate up until late August or early September, this decline is only in relative terms to the total growth of the Bitcoin network. The KNC Mining pool hashrate continued to grow throughout this period. It allows us to pinpoint where they seem to have completely stopped giving a damn about paying customers and started really focusing on themselves.

Here it is, the best evidence I could find to support the accusations that KNC are giving us the shaft.

Thoughts?

Anyone from KNC care to comment on this?

(posted on kncforum by sixbk)


Below  was posted on the KNC forum and it got deleted. Funny that Roll Eyes

Report them to the FTC https://www.ftccomplaintassistant.gov/#crnt&panel1-1
BFL are getting slammed for mining on customers rigs, I'm sure the FTC would be very interested in what KNC are doing. They have partnerships with Trading standards organisations all over the world, including Sweden. I've just filed a complaint and I'm not even American. The more people complain the faster they'll look into it. I read somewhere it took 300 for them to start investigating BFL.

So only 299 to go  Grin
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dekodoge
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October 14, 2014, 02:44:52 PM
 #38582

KNC you should accept and refund everybody before it's too late ... !

do you think they listen in here or care, get a lawyer and tool up.
coda
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October 14, 2014, 03:03:21 PM
 #38583

KNC you should accept and refund everybody before it's too late ... !

do you think they listen in here or care, get a lawyer and tool up.

https://www.cryptocoinsnews.com/kncminer-issuing-titan-refunds/

don't worry they listen ... maybe they not care but it'll be somebody else who will

BTC:18oLLFcxwwzfQt4F2YF7QzKyFeksq3dqsQ
unitedminers
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October 14, 2014, 03:07:14 PM
Last edit: October 14, 2014, 03:27:43 PM by unitedminers
 #38584

Does anyone know a working (European) pool for the TinyTitan (firmware 1.04) with 300 MH/s and without tons of rejects?

stratum+tcp://multi.ghash.io:3333 = 0,0144 BTC / day

stratum+tcp://prohashing.com:3333 = 0,0716 BTC / day

stratum+tcp://stratum.nicehash.com:3333 = 0,0371 BTC / day

stratum+tcp://ca.simplemulti.com:3364 = 0,0533 BTC / day

stratum+tcp://yaamp.com:3433 = doesn't work

THX
zakalwe
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October 14, 2014, 03:14:56 PM
 #38585

www.kncclassaction.com

I'm in.

murraypaul
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October 14, 2014, 03:43:46 PM
Last edit: October 14, 2014, 04:20:50 PM by murraypaul
 #38586


A [single-attorney?] law firm which specialises in DUIs, traffic tickets and immigration/employment issues is going to successfully bring a product-related class-action suit against a non-US corporation?
Good luck. Hope you haven't given them any money.

BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
dekodoge
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October 14, 2014, 03:52:48 PM
 #38587


A law firm which specialises in DUIs, traffic tickets and immigration/employment issues is going to successfully bring a product-related class-action suit against a non-US corporation?
Good luck. Hope you haven't given them any money.

another long con scam.
zakalwe
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October 14, 2014, 04:18:21 PM
 #38588


A law firm which specialises in DUIs, traffic tickets and immigration/employment issues is going to successfully bring a product-related class-action suit against a non-US corporation?
Good luck. Hope you haven't given them any money.

Of course not. I'm curiouse to see what happens. And I'm going to contact my embassy.
Minor Miner
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October 14, 2014, 05:18:24 PM
 #38589


A [single-attorney?] law firm which specialises in DUIs, traffic tickets and immigration/employment issues is going to successfully bring a product-related class-action suit against a non-US corporation?
Good luck. Hope you haven't given them any money.
hmmm.


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AussieHash
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October 14, 2014, 06:24:30 PM
 #38590

Blast from the past: Sam Cole on Lets Talk Bitcoin Oct 2013
https://www.youtube.com/watch?v=bxOHAha7MAk

KNC had good visibility into the manufacturing and production processes. KNC believed it was important to help their customers earn a ROI.

WTF happened to KNC ?


https://bitcointalk.org/index.php?topic=170332.msg5876260#msg5876260
s1gs3gv
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October 14, 2014, 08:42:28 PM
Last edit: October 14, 2014, 09:18:06 PM by s1gs3gv
 #38591

Is the balding oink in the photo Sam Cole ?
xstr8guy
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October 15, 2014, 12:02:29 AM
 #38592

KNC you should accept and refund everybody before it's too late ... !

do you think they listen in here or care, get a lawyer and tool up.

https://www.cryptocoinsnews.com/kncminer-issuing-titan-refunds/

don't worry they listen ... maybe they not care but it'll be somebody else who will

The article that you linked to is over a month old. How many refunds were issued since then? None?
forzendiablo
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October 15, 2014, 02:28:02 AM
 #38593

i will join the class action

yolo
Hunyadi
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October 15, 2014, 06:49:23 AM
 #38594

What is the latest delivered order? It seems, the process is very slow. WTF KNC?!?

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October 15, 2014, 06:55:34 AM
 #38595

What is the latest delivered order? It seems, the process is very slow. WTF KNC?!?

If they reboot every 3 min and can't do any fast block coins...or multi-pool ..i think their stable pools are straight up lite coin

well does it really really matter?















 

 

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l3sny
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October 15, 2014, 07:01:45 AM
 #38596

There is plenty of people interested in class action. Lots of money laying on the table waiting for some lawyers to pick it up Wink

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Hunyadi
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October 15, 2014, 07:24:01 AM
 #38597

What is the latest delivered order? It seems, the process is very slow. WTF KNC?!?

If they reboot every 3 min and can't do any fast block coins...or multi-pool ..i think their stable pools are straight up lite coin

well does it really really matter?



They really are that bad? Perhaps, they are trying to fix that, and that's why the delivery process is so slow.

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Searing
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October 15, 2014, 07:32:28 AM
 #38598

What is the latest delivered order? It seems, the process is very slow. WTF KNC?!?

If they reboot every 3 min and can't do any fast block coins...or multi-pool ..i think their stable pools are straight up lite coin

well does it really really matter?



They really are that bad? Perhaps, they are trying to fix that, and that's why the delivery process is so slow.


check out the knc forums it is a bloodbath..they are not even in contact with luke jr. on his bfgminer....essentially imho it is not just firmware
it is the fact that the titan can't multi-pool nor use any coins that 'fast block" ie newer coins.....too much lag which makes me think that part is
at the bfgminer end..but knc refuses to ask author

essentially imho they "SEEM* to be (knc) just getting it out the door asap and get that 90 day warranty out there...if this drags on long enough
past the 90 day warranty with no refunds they likely can walk from support on the Titan..

but quality wise on the builds ...and all the rest you can read there (and past thread info on this thread) they are cutting their losses imho
and running to the arctic cloud asap......

its either that or they have no PR program anymore or customer service info to us....the silence is 'deafening' except for the fact that they state
all problems with firmware are "pool' problems...but they seem not to be watching this thread anymore for feedback info and the knc forums the help
from tech seems to consist of wait for firmware patch

anyway not looking like the KNC of old support wise ...looks very much the BFL of last year















 

 

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Hunyadi
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October 15, 2014, 08:23:59 AM
 #38599

That's depressing  Shocked

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October 15, 2014, 11:41:24 AM
Last edit: October 15, 2014, 12:18:23 PM by s1gs3gv
 #38600

KNC is unable to deliver a fully functional and reliable Titan machine to its customers. They are unable to provide even the most general estimates of a shipping date to its customers. They seem unable to fix the known firmware and DC/DC problems. They are unwilling to honor the implied warrantee of merchantability and fitness of purpose by providing refunds. They are unable to give clear replies to customers who inquire regarding RMA response times. Customers who purchased a batch 1 Titan are suffering financial loss due to its substandard performance, inability to mine on pools/coins of the customer's preference at advertised speeds, and the requirement for constant baby sitting to reboot the machine, repair filesystem damage on the SD card and install firmware upgrades. KNC have not shipped the promised Y cable adapters needed to ensure safe operation of the miner with standard ATX power supplies.

In short, yes its that bad and getting worse by the day. Every once in a while KNC rolls out some customer on their forum who has found a litecoin block or two at some 'KNC approved' pool to try to pretend that everything is OK but even these Titan owners are starting to have problems.

At the moment, Titan customers seeking refunds or compensation have a David and Goliath problem on their hands when it comes to obtaining justice. Expect to hear news about successful legal action against KNC as the rage grows and Titan customers get more organized.
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