Topic: Swedish ASIC miner company kncminer.com - page 119. (Read 3049528 times)

Did you receive full compensation or something less, ie: if you paid in BTC, did you receive BTC equivalent to the USD price of the mini-titan at the time of purchase ?

my neptune started to work out of nowhere! before it was lighting up the display and nothing more!

now i try to get used with it

any mods to keep it cooler?

any guides to learn about this miner?

thx!

good luck to all of you!

Good for you! Nice to see some folk at least got a full refund for what they paid originally BTC or USD in that KNC JUST FLAT OUT LIED AND CAN canceled  THE PRODUCT RUN COMPLETELY!

sheesh ......reasonable refund to the customer and we here on knc forum find it shocking THAT they managed to figure that much out and act on it!
(and before this point they still tried to game their responsibilities) the mind boggles at the antics that KNC continues to try and pull.





from what i understand it can be done look thru the thread i'm pretty sure it has been confirmed more then a  few times


myself i have a knc no refund no roi titan so it is NO GO for me the Titan uses a raspberry pi instead

good luck

got my refund for the mini Titan, no email just coins. Wouldn't have known they sent it but someobdy replied to a Disqus comment I made saying they got their refund so I checked my wallet and it's there.
If you're waiting on a mini Titan refund, check your wallet hopefully the coins will be there.

Anyone?

If this OT please move/delete

Are these thieving bastards kidding??
link...     https://www.cryptocoinsnews.com/kncminer-launches-xbt-provider-bitcoin-tracker-one/

After our story about KnCMiner facing class action lawsuits, several readers wrote in to thank us and share their stories as well. We expected to receive some comment back from KnCMiner regarding the claims being made against them by more than two dozen clients representing several dozen thousands of dollars. We never did.

However, today we’ve received word that KnC has launched a Bitcoin exchange. From where? Straight from the horse’s mouth, in a press release that only mentions KnC in the heading and in the footing, nowhere in the body.

Also read: Buy Orders in the Millions for Bitcoin Investment Trust (GBTC)

XBT Provider AB (publ) announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange. XBT Provider is launching this financial instrument to meet the needs of investors’ growing appetite for exposure to Bitcoin prices.

Nevermind BTCS and GBTC

XBT Provider appears to be a new venture by the people who brought you the KnCMiner scandal. It claims that it will be traded on NASDAQ Stockholm beginning May 18th. The announcement managed to make no mention of KnCMiner. There are existing stock symbols on regulated exchanges already, so we must presume that XBT Provider is referring to the Sweden’s markets. Additionally, several hedge funds have picked up Bitcoin as an asset for long-term growth. XBT Provider CEO Alexander Marsh said:



 
We are proud to offer the world’s first “Bitcoin tracker” to be traded on a regulated exchange. By enabling this easy and secure way to invest in Bitcoin we hope to have eliminated the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe to be the future of money.

BTCS and GBTC, watch out. KnC seems to have started a whole new company to launch this venture, seemingly in hopes that the legal liabilities of KnCMiner will fade out of view. But certainly as the class action lawsuit makes headway, the stock price will be affected.

Time will tell what is next for this symbol. Former customers of KnCMiner will no doubt be surprised by this news, however. At time of writing, shares of Bitcoin Tracker One, the symbol being offered by XBT Provider, were selling for 9.45 SEK, or $1.13 USD.

Use 1.06s !!!!!!!

The problem on my Neptune, was caused from a failed cube.

Ok so I found and SD card and found the firmware online and flashed the controller/RasberryPi with neptune rc6 firmware.  Plugged the cubes back in and..........still Stopped.
So in desperation, I started unplugging the cubes 1 by 1.  When I had removed the 2nd cube plug, I noticed that the displayed started showing hashing with the last 3 cubes connected.  Turns out that the number 2 cube was causing all the others to not start hashing, and once it was removed and the first two reconnected, the hashing ramped back up to normal.  I replaced the failed cube with one of the my Bonus cubes and it is back up to full speed again.

So once again, I tried to upgrade the firmware, and this time it worked with no problems.  Its up to 1.02 now.
 
I now now I have 1 faulted cube and will probably have more, once I trouble shoot the rest of the Bonus cubes.

Thanks for the good advice mate.

A Jupiter controller can be flashed and used to control Neptune cubes, right?

Build and run some coin daemons as per the instructions for your coins of choice and then set up nomp following the instructions at https://github.com/zone117x/node-open-mining-portal. Point your titan at nomp and solo mine.

others can jump on here ..but off the top of my head with my titan this was what was up...i realize you have a neptune..but hey i'm awake too

1) power down reboot (which i assume you did also besides just reboot)

2) The SD card is bad....I assume...so when I had this issue i ALWAYS DID a fresh from scratch on a NEW SD card
     the titan came with a kingsington 4gb class 4 so i got Sandisk 8gb class 10 and re-did the image that is how i upgrade now
     was the same symptoms a new image on a new sandisk 8gb class 10 instead fixed it


again this was with a titan but i probably would not hurt to make a new SD on a class 10 SD card .....try that i guess..worse is you have a spare for if/when the SD card
goes bad if it is another fix besides this


others on here will have more ideas I'm sure but it is 5:45am where i'm at in case you want to try something and tearing your hair out (the sweet taste of panic i remember it well)
I still do my upgrades from then on with a fresh new SD card not that i expect anymore from KNC

anyway was the symptoms on my Titan ...just saying..hope it applies as a guick fix for your neptune

good luck others will have further better info I'm sure as the am goes on

I need to change topic for a minute.  And I'm sure this has been asked and answered before, so my appologies.

I just uploaded KNC firmware 1.06 into my Neptune, and it ran fine until I rebooted.  Now the Status just reports that cgminer is 'STOPPED'.  No simple fix is restoring this issue. 
My Neptune has run flawless for 9 months and for some reason I upgraded the firmware last night....BIG MISTAKE!

Can someone please direct me to the right page or provide a solution for this KNC firmware problem?

Steven

I don't know what the best scenarious is. If it only is a a full refound or not. Perhaps there is another one were you don't need to join with a ~$12K retainer. Mayby only a $2-3K retainer. And in case of a lost, it will be easier to handle. But as I said in a previous post, wait for the next form or email them and ask. Perhaps you don't get any answer until they know by them self what the best way is.

But when I read your story it looks like a quite strong case? It didn't mine alt coins as they said, you got problems with it and knc doesn't answer you, Titan asic chips were 'not up to par and substandard' but the risk was our own.
But I'm not the person to judge that!


Actually got that thought by my self. I emailed Joakim yesterday with some question. Hopefully he will answer soon.

"This far in", at least Joakim had individual cases before this. I don't know for how long time they worked together. But a new form isn't scary? Meanwhile all of this grows you should adapt to it. But probably it's mostly for them to get a better overview of it. Instead of manually sit and make this.

But I think in a week or two we have alot more information how this will proceed. Better to wait for more information, instead of speculate to mutch.

knc are mad cheaters!

Just chiming in here, as I saw some posts in regards to costs related to filing a complaint against KNC in Court.

Truthfully, getting a good legal firm behind you that will work on 100% contingency would likely not be even remotely possible. I think-- due to the stigma with Bitcoin, the fact that even if the plaintiffs prevail, there is no guarantee any money would ever be paid, and last, it would be difficult to ascertain if KNC is even solvent due to the nature of how it keeps its "money".

KNC I think in my opinion, would likely be viewed as judgement proof by any legal firm-- especially so if asked to work on a contingency basis.

That said; and again- I am just popping in and was reading; but the costs to take legal action against KNC fall in a huge range.

 - You file the complaint; they settle. You'd be very lucky for this to happen. This would be the best case scenario for the complainant. I also think it's unlikely KNC will simply pay up.  Regardless; I would budget for this phase no less than $20,000.

- If they don't settle, which they won't, then your legal bills will begin to really- and I mean REALLY, rack up. There is initial discovery, pre-trial discovery, and many phases in-between. Going to actual court, for a trial by jury, would be worst case scenario- and should be viewed as a last resort. I am guessing for a case like this/what I've been reading- budget no less than $250,000+ for this phase. Minimum.

- Then they can, and will likely appeal. Again, for a full process appeal - Six Figures.

Keep in mind you will need to hire a legal firm that can bring the matter to trial in a court that has both subject matter and personal jurisdiction over the complaint.

In terms of a retainer, the firm you hire is going to likely want 1/3 up front. And they will bill- and demand payment on the next portion before your escrow account runs dry.

Also, what ever price they quote you up front- add 20-50%.

Hope this helps. I'm providing this information solely on my experience of being on both sides of an issue - personally. The goal should be... and any lawyer with ethics and a good conscious will tell you- try to resolve by any and all means- WITHOUT going to trial.

Even if you win. There is no guarantee you will ever see a dime. They could go bankrupt. You have to prove assets. Find those assets. This all gets VERY expensive. And your lawyer will tell you that as well.

Good luck guys, it looks like a sad situation and I do feel for you.

Strato

yeah this is where I got stuck in the mud.....

1) The fact that the Swedish authorities can get a 'bond' from you in advance along with the fact I do not see any answer from them on how deep a hole you could
be in if you lose to KNC as unlikely as that seems to be I admit......and/or can say if KNC wins can they counter sue you/group action back if they were to win in court
on their reputation (I'm sure they have all my 'lovely' little posts of my 'viewpoint' on their forums)

2) The fact from what I can tell they can only give enough info to form a decent opinion on if suing KNC is a wise move or not (ie they have some kinda case/strategy) until
AFTER you pay them the retainer ...take the above risks.....in order to look at it all and then in 20/20 hindsight go 'uh oh' that is my cost on a LOSS (faints)

3) The fact I have contacted them 3 times on my Titan 1st batch order on the grounds of 1) Late delivery Nov 6th 2) firmware did not do alts as advertised first couple
months on top of the titan being late and the FUD they put out after the fact changing www pages and keeping old dates to say it was ORIGINALLY ONLY to be
an LTC miner so the above firmware issue did not apply 3) the usual no refund even thou should have got one argument everyone will use 4) The fact that in my
particular case have 2 cubes with 2 dead die each that they refused to RMA saying it was good enough 5) Their admission form day one that the first batch of Titan asic chips were 'not up to par and substandard' but the risk was our own ..the consumers in that it was 'experimental equipment'

Again.....not feeling a lot of love at the Titan end of things with this...at least in a preliminary give me some info on what is what sense.


Still think with SOME of the above applied to Neptunes with the added fact that Neptune owners really got played like a fiddle by KNC ..in that they stalled their
equip to fill their data hall...the long stall on bonus neputunes till worthless and more ...the Neptune owners in my view have a much better shot then my Titan
in this case

and again from what I know the cases are grouped together but again from what I understand each case within the class action is INDIVIDUAL under swedish law

which brings me back to my last concern that the class action will work find for Neptune owners...but with only say 50 cases in the class action you really think
the other side is not gonna 'cherry pick" cases .....ie my case is not as good..ie could i still LOSE even thou others in the class action with different equipment win?

anyway don't jump on me too hard but hard to know what is what IF THEY NEVER REPLY WITH AN EMAIL even one that says to call them directly which I would do

so my take so far is that they have read my emails and the Titan orders as they exist above just don't have enough 'weight' for them to pursue us to join

whatever hopefully I am incorrect on the above and someone here who HAS gotten a reply and IS  a Titan order can set me straight

I have dealt with lawyers not much. Only one decent sized case.  But I can tell you if a law firm did all this then decided they need more info and a new form this far in I would be scared.  I mean did they even look at case till just now realize how big of variety of problems there are? 

So the lawyers are just now looking into it... just now noticing "Holy crap there are a lot of different situations".  And they want paid up front, not doing on a percentage.  Not to mention I don't think they said how much you could owe if you lose.

I wish all well that do this but it would scare the heck out of me.  

Does someone knows a solo mining tuto for knc miner ?