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KNC is a Swedish company, if you bought the miner as a private person and not as a company there is no way they can claim that the warranty period is just 3 months, its at least a 1 year period(when its not the customer responsibility to show that they have operating the device correctly) and up to a 3 year period in total. If the same error repeats itself after KNC has repaired the device then after the 3rd time the consumer has the right to return the device and get a full reund of the products cost. If KNC dont follow Swedish laws then all affected customers should get together and sue them in court to get what there entitled to.
the class action is partially based from what i understand is KNC's insistence that this equipment was 'experimental" and a biz to biz transaction under Swedish law so the above don't apply ..which comes down to a screw you on the above both for returns in late arrival of the item/pre-order scam and i assume the 3 month warranty issue as well (which i think only is in black and white for 3rd batch stuff titan stuff) also NO warranty on the bonus equipment they shipped really really late ..too boot
the catch for me is Swedish law allows them to side step EU stuff above (again from what I understand) in that by buying this equipment according to KNC we then had to be a business .........so the danger is will Swedish courts reverse their idea or clarify biz to biz in this case or just go with the KNC version (my view anyway I know zip ..just saying) and current Swedish law ..which seems what KNC is betting on in the class action.
thus the class action because knc are assholes with 4 month delay of customers pre-ordered miners to their data halls first (Neptune owners left waiting) and other issues
you can find throughout this thread.
I'm not in the class action but I wish those in it luck....but the above is partially why it is at the class action stage......that and the no need for customers anymore in that
all their 16nm chips are for internal data hall use via their IPO arrangements on such....
other info on this thread can clarify more and in more detail etc and the class action thing below ..I think you have to apply and pay the law firm before july 2015 to
get on board that
www.kncclassaction.commy 2 satoshi's
KnC doesn't decide who's a private person and who's a company. If you could buy gear from them without proving that you were registered as a company somewhere, then all of KnCs "opinions" and "legalese" is simply ignored by the courts and consumer protection laws apply in full force. It's that simple.
this is knc's position dumb thou it may seem..i completely agree with you ..the knc forums were full of this you are a business hooey...
that is why they have the class action hopefully they will win their odds are quite good imho
i myself got a 2nd used titan and it roi'd and with LTC and the btc price etc I'm well into the black now ...so i'm over the hump ..way over even with electric from oct 2013 from my 1st jupiter btc miner till the end of this month and may still have 9 months on these titan(s) so i'm already in the black on equip elec lifetime so far ..no class action risk needed for me imho
I just could not get fired up enough to give the class action lawyer's $1,519 usd and a bond and POTENTIALLY imho ..i say again imho ...lose maybe up to another 5K total with fees if KNC WINS.....don't know enough about swedish law that KNC keeps harping on etc ...I'm out of the hole so not in the class action as a result
so coward that I am... I will take my above way of creeping sideways into the black on my prev 1 year ago pre-order Titan silliness and call it square and move on
but again best of luck to those in the class action who have a tougher choice and not in my easier (and dumb luckier) situation .hopefully yet....anyway
but yeah I never could believe that KNC can get away with this crap in a Swedish court of law......but I'm in the black now...so will watch from the sidelines
this is the group actions main point as well from what I understand. KNC just CAN'T say you are a business to get around EU or other personal protections on or swedish consumer law by saying such
them KNC folk are weird as f*ck imho ....megalomania is rampant imho