short story : they built their own farm on other's people money
Yep.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11237976
Topic: KnCMiner affiliate program scam (Read 1730 times)
Yep.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11237976
Unfortunately KNC ran a perfect SCAM, delivered few machines on time then promised shipping in March/April for the new machines. In the meantime they build a huge farm to compete with their customers (well not really because customers did not get any equipment to compete with) and as their March delivery date conveniently got removed from the site they proclaim that they always meant Q2 or specifically very end of Q2. And since the farm ROIed in about 3-4 months (all using our money BTW), they will gladly refund our interest free loan that we gave them, not ship a single unit and have a $28M farm online all paid for. I guess it was easier to SCAM thousands of people then get a loan from a bank...
It was easier than a bank loan. Especially after the first one for saturns and Jupiters worked. Banks would require collateral or personal guarantee with assets they didnt have in nov-dec 2013.
short story : they built their own farm on other's people money
Unfortunately KNC ran a perfect SCAM, delivered few machines on time then promised shipping in March/April for the new machines. In the meantime they build a huge farm to compete with their customers (well not really because customers did not get any equipment to compete with) and as their March delivery date conveniently got removed from the site they proclaim that they always meant Q2 or specifically very end of Q2. And since the farm ROIed in about 3-4 months (all using our money BTW), they will gladly refund our interest free loan that we gave them, not ship a single unit and have a $28M farm online all paid for. I guess it was easier to SCAM thousands of people then get a loan from a bank...
No, they're not honest. All of the boards and/or machines they were going to sell that could have helped you reach your referral goals were instead kept for their private farm. It's somewhere around 10% of the network too BTW.
So not only have they not provided you with the tools to reach your goal, but they have created the world's largest privately owned farm to compete directly against you and everyone else.
So not only have they not provided you with the tools to reach your goal, but they have created the world's largest privately owned farm to compete directly against you and everyone else.
Good point too...
So don't think they will be honest as I did, don't start advertising for them.
No, they're not honest. All of the boards and/or machines they were going to sell that could have helped you reach your referral goals were instead kept for their private farm. It's somewhere around 10% of the network too BTW.
So not only have they not provided you with the tools to reach your goal, but they have created the world's largest privately owned farm to compete directly against you and everyone else.
Hi there,
As many of you I was attracted by the KnCMiner affiliate program (you sell 10 machines you get 1 free).
This is a total scam, you'll never reach the 10 machines threshold as an affiliate (ie not a reseller, where you buy the machines yourself), because the machines get out of stock way too quickly.
I was fooled to think they would be somewhat honest, that if you sell machines having to same price you'd somewhat get one free (example : x Neptunes + y Titan, with x+y > 10, as the Neptunes and Titans are both sold for $9995).
THIS IS NOT THE CASE. THEY ARE RIPPING YOU OFF!
Furthermore, affiliate machines are send at the very end of the batch.
At this point I'm totally screwed. I've sold 6 Neptunes (well, at least 11 in fact, but people are getting refunds with the low BTC price), and 6 Titan. 12 machines, $120k USD. And I'm getting NOTHING. NOTHING.
I'm even more screwed that if I stop advertising now I'd definitively get nothing and if I continue I might reach the 10 Titans threshold and have 1 free...
So don't think they will be honest as I did, don't start advertising for them.
If you want to advertise for hardware, those guys have a much more honest deal: https://www.mining-asics-technologies.com/ (you get 10% of the sales you refer).
As many of you I was attracted by the KnCMiner affiliate program (you sell 10 machines you get 1 free).
This is a total scam, you'll never reach the 10 machines threshold as an affiliate (ie not a reseller, where you buy the machines yourself), because the machines get out of stock way too quickly.
I was fooled to think they would be somewhat honest, that if you sell machines having to same price you'd somewhat get one free (example : x Neptunes + y Titan, with x+y > 10, as the Neptunes and Titans are both sold for $9995).
THIS IS NOT THE CASE. THEY ARE RIPPING YOU OFF!
Furthermore, affiliate machines are send at the very end of the batch.
At this point I'm totally screwed. I've sold 6 Neptunes (well, at least 11 in fact, but people are getting refunds with the low BTC price), and 6 Titan. 12 machines, $120k USD. And I'm getting NOTHING. NOTHING.
I'm even more screwed that if I stop advertising now I'd definitively get nothing and if I continue I might reach the 10 Titans threshold and have 1 free...
So don't think they will be honest as I did, don't start advertising for them.
If you want to advertise for hardware, those guys have a much more honest deal: https://www.mining-asics-technologies.com/ (you get 10% of the sales you refer).
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