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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3029938 times)
s1gs3gv
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October 21, 2014, 07:08:23 PM
 #38741

A work in progress kncnews.org

Please PM me additional info/links you think might be useful.
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nightengale
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October 21, 2014, 08:00:06 PM
 #38742

I have no basis for this, but I'm figuring the yields were so bad that there were not enough decent ones in the first batch of chips to fulfill the first batch of miner orders... So KnC could be waiting on the second batch of chips to assemble and ship the remaining 1st batch miners. And then I guess they wait 30 days and then start shipping the 2nd batch? Who knows. F'ing pricks. They should be offering a refund option to any batch 1 customer who has not yet received their product.
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October 21, 2014, 08:11:47 PM
 #38743

http://www.bloomberg.com/news/2014-10-21/bitcoin-miner-ditches-clients-to-chase-2-billion-coding-prize.html
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October 21, 2014, 08:32:06 PM
 #38744

So basically they are openly telling you that not only are they not going to sell you hardware anymore, which as miners YOU are responsible for financing their start, they are going to take all that momentum (cash) and use it to crush you like the insignificant fucking bug that you are and they will barely notice as they wipe you off the bottom of their shoe.

If somebody found those hangers and drove them back to the 12th century who could blame them?

I only have a signature because I'm allowed.
bitdigger2013
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October 21, 2014, 08:42:28 PM
 #38745

So basically they are openly telling you that not only are they not going to sell you hardware anymore, which as miners YOU are responsible for financing their start, they are going to take all that momentum (cash) and use it to crush you like the insignificant fucking bug that you are and they will barely notice as they wipe you off the bottom of their shoe.

If somebody found those hangers and drove them back to the 12th century who could blame them?

I wouldn't
s1gs3gv
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October 21, 2014, 08:47:43 PM
 #38746

Quote
The company does its mining in a helicopter hangar in Boden, a Swedish town near the Arctic circle, where it’s in the process of tripling capacity.

So now we know why they aren't shipping Titans. They are building Neptunes for their DC.

Time to move BTC over to X11.
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October 21, 2014, 09:48:36 PM
 #38747

These guys are fighting hard for a class action lawsuit.

Please join.

www.kncclassaction.com/
SgtMoth
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October 21, 2014, 09:49:25 PM
 #38748


...everyone should be leaving a nice message for knc since they have never been back here!
faetos
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gotta let a coin be a coin


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October 21, 2014, 11:09:33 PM
 #38749


"KnC generates bitcoin at a cost Cole says is “significantly below $400” per unit."

How much were neptunes again? 10,000 USD?  Shocked
Zelek Uther
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October 21, 2014, 11:23:10 PM
 #38750

Searing, your posts need to be longer.

i'm always available to be in your /ignore slot (i'm not shy) and it is a frigging list of addresses by the by

My ignore list is only for trolls, not genuine people like yourself.

It was my poor attempt at humour.

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l3sny
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October 21, 2014, 11:32:05 PM
 #38751

So in essence if you bought a Neptune and hoped to get your bonus one in August you are screwed as it is mining now in their DC.


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xhomerx10
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October 22, 2014, 01:23:13 AM
 #38752

So basically they are openly telling you that not only are they not going to sell you hardware anymore, which as miners YOU are responsible for financing their start, they are going to take all that momentum (cash) and use it to crush you like the insignificant fucking bug that you are and they will barely notice as they wipe you off the bottom of their shoe.

If somebody found those hangers and drove them back to the 12th century who could blame them?

I wouldn't

 Me neither but please wait until I get my Neptune refund.  Aw f-it! Just grab a handful of doubloons for me while you're pillaging.  Actually is it considered pillaging if you're taking back what's rightfully yours?

Don't let sidehack fade away...【ツ】Buy him a burger!   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
xhomerx10
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October 22, 2014, 01:36:17 AM
 #38753

...and through all of this, kncminer hasn't received any negative trust?

Don't let sidehack fade away...【ツ】Buy him a burger!   1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
forzendiablo
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October 22, 2014, 02:09:05 AM
 #38754

...and through all of this, kncminer hasn't received any negative trust?


good call!

yolo
bitdigger2013
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October 22, 2014, 02:40:14 AM
 #38755

...and through all of this, kncminer hasn't received any negative trust?


That's a good point!

I think something has changed in that respect. Guess it was bound to happen.
Searing
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October 22, 2014, 04:31:14 AM
 #38756

Well its been a full month now since KNC announced that they had started shipping the Titan (Q2/Q3, well within Q3 LOL) and I'm still waiting for my Titan, payment received 3/21. They have now had my hard earned $10000 for a full 7 months. The only thing I have received from KNC is a ban from their forums.

The implied warrantees of merchantability and fitness for purpose which exist on all commercial goods can not be voided by KNC claims of a non-refund policy.

The Titan is a faulty product which is unsafe to operate as shipped and has not been delivered in the promised timeframe.

The best you can say about it is that it mines some scrypt coins some of the time on some pools for some people, for a while before exhibiting reliability problems.

Kurt's claims of a 'silent majority' of satisfied Titan owners whom nobody has seen or heard of is unsubstantiated. His past employment with Fantasy Interactive" ( http://se.linkedin.com/in/kurt667 ) has obviously prepared him well for his current position.

KNC won't be selling anyone I know in the crypto mining world another product, ever.


problem is the KNC does not PLAN to ever sell a physical equip product again ever.....thus is why they think they can get away with this last act of greed

hope I'm wrong but looks to me they are just gonna limp this along for 90 days say it works and walk/run to virtual miners and let the lawyers fight it out for the next 3 to 8 years

why I'm taking physical miner and then doing the email on 14 day return and then the de facto reject email from knc ...at that point I'll go thru the

list of various options /stuff posted in this forum for redress at that point..my thinking is you sue them or go after them before you get the product they likely will never even

send it ...the old BFL game...so junk it may be ..the Titan but I'll wait to have my own issues with it first ...then go thru the appropriate if futile gestures to get $$$ back

but by some accounts KNC has made 200 million in last year ...so I think we are basically just gonna be making lawyers rich for the foreseeable future...

the way KNC seems to have gone to the dark side I don't see them offering anything unless forced on their 90 day warranty no refund crap product....it seems a little to pat
and planned to go this way don't ya think in hindsight?

 


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Zelek Uther
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October 22, 2014, 06:46:11 AM
 #38757

So in essence if you bought a Neptune and hoped to get your bonus one in August you are screwed as it is mining now in their DC.

Yep, makes my blood boil.

Run a Bitcoin node, support the network.
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Zelek Uther
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October 22, 2014, 06:58:04 AM
 #38758

Well its been a full month now since KNC announced that they had started shipping the Titan (Q2/Q3, well within Q3 LOL) and I'm still waiting for my Titan, payment received 3/21. They have now had my hard earned $10000 for a full 7 months. The only thing I have received from KNC is a ban from their forums.

The implied warrantees of merchantability and fitness for purpose which exist on all commercial goods can not be voided by KNC claims of a non-refund policy.

The Titan is a faulty product which is unsafe to operate as shipped and has not been delivered in the promised timeframe.

The best you can say about it is that it mines some scrypt coins some of the time on some pools for some people, for a while before exhibiting reliability problems.

Kurt's claims of a 'silent majority' of satisfied Titan owners whom nobody has seen or heard of is unsubstantiated. His past employment with Fantasy Interactive" ( http://se.linkedin.com/in/kurt667 ) has obviously prepared him well for his current position.

KNC won't be selling anyone I know in the crypto mining world another product, ever.

problem is the KNC does not PLAN to ever sell a physical equip product again ever.....thus is why they think they can get away with this last act of greed

It is disgusting, considering that the customers financed them completely in the beginning, taking all risk on the R&D by paying up front.

Now that they have a massive venture capital injection, they've left us for dead.

Run a Bitcoin node, support the network.
How to compile and run bitcoind on a Raspberry Pi
lowbander80
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October 22, 2014, 07:00:46 AM
 #38759

its crazy they are still looking for more fool people to finance their past broken promises and build
their new center...
I wonder how much cloud they have sold so much
Not me not buying anything from KNC again

I will wait until my jupiters become collectibles!!!
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October 22, 2014, 08:38:58 AM
 #38760


"KnC generates bitcoin at a cost Cole says is “significantly below $400” per unit."

How much were neptunes again? 10,000 USD?  Shocked

He means that it costs them significantly less than the current BTC cost to mine a single BTC not that it costs less than $400 to make a neptune.

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