Topic: KnCMiner Openday Wednesday 5th & Monday 10th June - page 30. (Read 91301 times)

No, you can not. As a consumer (private person) you can not buy goods from a B2B only company.

and this is what i said. In germany the seller defines it with a proof of company and a company vat number. After that the seller knows, that the buyer is really a company with buing someting for business use and can take money from the buyer...but without take the vat "net-price"  

In the US it doesn't matter, except you might have to pay sales tax and certainly would have to pay import tarriffs. I don't know about individual cc policies, however. Everybody got to do their own research.

Now that's more like it. They should have done that from the start.  Thanks for posting the vid.

Yes you can.

You have to present yourself at the customs in Sweden and ask for a refund, then import the hardware in Germany. You might have to prove export from Sweden, so it's best to still ship it with DHL/FEDEX/UPS, signed for at destination.

But surely the fact they have a system able to calculate and add VAT means they can sell to consumers.

In which case, there is a completely different reasoning to why they are making you agree to be a business and that they are proposing to sell to just businesses.

That needs to be clarified tomorrow. It's massively important to know why, as clearly most purchasing are consumers regardless as s the respective credit card buyer protection...

Normal VC behaviour is like 'normal' weather. Completely unpredictable.

I can see why crowdfunding is more and more popular, because I have watched a number of startups fail because their investors decided to stick a wrench in the works just to watch the pretty sparks. It's hard to get a venture capitalist to let the engineers do their job. VC's know money, and power. Very few of them know the nuts and bolts of what they are backing, and fewer yet have the wisdom to keep their fingers out of the machine.

i really don't know. I know that they have to use the right percantage of vat in the EU according to the vat percentage where ( to which country)  they are selling the goods.
This is for private buyers.

For business use with a vat number and with proof of a company they are not allowed to take vat  with advertising someting for buiness use only  

But in my last post, a meant that a private person is not able to buy something from a seller who is advertising someting for business use only. (in germany)

BFL is 65nm, right?

My guess is that they are actually not reinventing an ASIC but rather ordering the BFL 28nm design separately from BFL (directly from manufacturer) and are really only designing the boards, case and firmware. would make far more sense then designing their own chips.

Please put 1, 2, and 3 into questions and PM Daggeteo. He can ask these tomorrow. (he probably HATE's offering now)

But KnC's terms & conditions force you to state you are not a consumer but are rather a business.  What does that do to the law?  (I really don't know so I'm asking, not trolling.)

I was very pro-KnC in the beginning but I am becoming less so as the days go forward.  What they did yesterday was a new low.

1) It appears that the Mars would cost more to produce than they were asking for it AND/OR the FGPA lead time was longer than the expected life of the product.  This should have been apparent to ORSoC from the beginning.  Project planning FAIL.

2) At the very least, they should allow customers to put $2800 "down" towards a Jupiter for each Mars that was ordered then pay the full amount when a working Jupiter is demonstrated.  This is nearly what what was promised from the start minus Mars hardware delivered.  (I'm looking at the risk to buyers perspective.)

3) The whole "lottery" thing of forcing people to pay full amount up front BEFORE the demo day is ...umm... BAD to out it politely.

KnC's only plus is that the FPGA hardware does indeed look real.  I'm am looking forward to the reports from the open house visitors.

Before KnC gets any of my money (BTC or fiat), they need to restore some of their reputation by making it more clear how they will deliver working 28nm ASICs by September.

And this is why i believe at KNC. They are reacting most possible how they can in such short times!

Cool, again I need to double check, as does everyone else for their own personal protection.

Thanks Dj!

It's on their homepage along with two other updates from earlier today. At least one of us does research...

No, and it's after 5pm now. I will do though. I've PM'd Daggeteo your fresh questions, and those Q's I saw raised since he posted the list earlier today. His question list post got lost a couple of pages back on the main thread, amongst the lazy people asking the same crap without doing their own reading.

Alongside those queries, I've also asked for clarification on this whole business stance. I see no reason that benefits anyone in potentially blocking consumer protection when it is available to us with their chosen payment methods. If I don't like the answer, I will press myself. I'm paying as long as i'm covered. I see no justifiable reason to prevent that, even if it means they don't have to cover a 3yr warranty. It shuts out the only secure payment method offered.

I understand registering as a sole trader makes sense and allows reclaiming VAT over the next month, or whenever you're issued a valid VAT number, that's solid advice, but to open a business bank account and credit card, will take time, and a business plan a bank is satisfied with.







Can you not buy in Sweden (with their VAT inclusive), pick-up in person, and then reclaim once back in Germany?

i don't know how it is in other countries. but in germany you can not buy someting without a company vat number and without a trade/companyproof as a private customer at company selling goods only for business use. As a private customer you do not see prices and can't order someting for example at a wholesale website. You have to proof your company first, then you get the posibility to login in a wholesale shop.
KNC could not do the business this way in germany. I dont't know if there a the same rights in sweden.

It doesn't work that way. The seller does not define who the buyer is. If you are a non-professional, a consumer, buying an item for personal use, you are covered as such. If you buy as a registered business, ie. "KS coins Inc", you are not.

How did you know that that YT video was available?