Topic: all finished - page 8. (Read 43249 times)

Any thoughts on what pools the miners will be directed at?

Nicehash/Westhash seems like the best bet, but the Titan currently doesn't work well with this pool due to the slow flush rate of the Titan.  KNC and Nicehash seem to be working together on getting this to work.  See http://forum.kncminer.com/forum/main-category/main-forum/64472-nicehash-full-support for details.

In the meantime, I'd prefer litecoinpool.org.  They merge-mine with DOGE but will pay out entirely in LTC.  Most importantly, Titan owners seem to have the most success with this pool.  Thoughts?

These Titans may have decent ROI if they are actually able to mine Scrypt-N.

But there will be a ton of hashing power incoming as all these Titans are delivered.

So I think my vote is to return for a refund instead of ultimately waiting 10-15 months (estimate, if ever) to ROI.

EDIT: And all those Antminer L1's may start hashing in December/January, making it even more difficult to ROI. So my vote is definitely to return for a refund.

waldohoover: here is another interesting read regarding refunds from KnC:

https://www.change.org/p/knc-miner-knc-miner-refund-your-customers-upon-their-request-it-s-the-law/u/8670649?tk=9IfOLr49vfmJK3fGtNPX1yfEDeNcMHyjp4h4OVEdJ-0&utm_source=petition_update&utm_medium=email&utm_campaign=petition_update_email

waldohoover: what are your thoughts on:

- returning the miners in accordance to swedish law and reclaiming the paid sum in btc?
- joining the class suit action here: http://kncclassaction.com/ ?

Finally a little good news. Now I only hope that we will actually earn something from it.

@LittleD please explain, or this will have been a very useless post of yours...

This is not true ... who are YOU?! Waldo make good BTC  ... Im pretty sure he is making great profit

OK, thanks for your efforts and the update Waldo.

I still think it is responsible to at least post once a week and say hey still here and I'm doing my best to honor my commitment to everyone that trusted me... It's not that hard to do... took me about 30 secs to write this...
danleuthner

Agreed, Waldo's not to blame for KNC's failures, updates would be appreciated though
Waldo.

the best hope we have is that according to Swedish Law, the consumer has the right to return any item bought online within 14 days of receiving it, provided the box hasn't been opened. The consumer has to pay for the sipping costs, but is then entitled to receive a full refund.

I really hope waldohoover will agree to do this...

Guys, before you bust out the pitchforks and torches, let's be realistic.  I'm sure there's not really much for WaldoHoover to say.  

The Titan launch is absolutely atrocious.  No one new seems to be receiving Titans, so after sending out a few they've halted all shipments.  If you browse litecointalk and the official KNCMiner forums, you'll see many posts from people who ordered WELL before us (day 1 orders within the first couple hours) still have received nothing.  Waldohoover ordered most of the Titans well after launch.  If day 1 orders aren't even receiving there orders, I doubt that Waldohoover will any time soon.

Not receiving the Titans may end up being a blessing.  Those who have received it are getting faulty and malfunctioning hardware.  This results in having to RMA a lot of the components.  And so far, KNC's RMA process seems to be nothing more than "send us your broken hardware and it will disappear into a black hole and you'll hear nothing about the status of it."  I have yet to read a case of someone receiving replacement hardware.

To make all this worse, KNC has gone official with the information that they're basically abandoning all of their consumer hardware and sales.  They're going to be focusing on their datacenter and trying to get 20% of the Bitcoin network.  They've received venture capital to help achieve this goal.  It's honestly pretty terrible.

At this point, I'm just considering my investment in shares a total loss.  KNC seems to be going down the path of Hashfast.  My perfect scenario would be KNC issuing refunds to all Titan owners who didn't receive their miners.  I don't even mind the drop in USD value (bitcoin was about ~$525 when I bought my shares).  If I could just receive the same amount of BTC I spent, I would be totally satisfied.  Waldohoover obviously can't do this unless KNC starts issuing refunds.  It's also important to realize that Waldohoover is probably losing more money than any of us.  I believe he ordered extra Titans whose shares didn't sell, so he probably has more of his personal money in to this than any of us.

So what's my plan of action?  Hope for successful litigation against KNCMiner which will get us all refunds, expect to receive the Titan months from now when its mining power won't be worth much, and consider this investment a loss.  I'm just lucky that a few other cloud mining services hit it big, so I'll make back what I'm losing here.

You've been going around the forum saying that the mining incentive in the Bitcoin protocol is a scam.  I honestly don't know how to react to you other than to laugh.

Paging Waldo Hoover !!!!       

+++1

  Where are you Waldo? What's going on? Hey Titan Share holders,Time to Wake Up!!!

+++1

Time for an update Waldohoover.

Waldohoover hasn't been around for 12 days. I wonder when he comes back.

@bitzcointalk: not very constructive, would you care to elaborate what/who you mean by SCAM?

@Waldohoover: it would be about time to let us know how you plan on proceeding.

SCAM!