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Topic: Swedish ASIC miner company kncminer.com - page 121. (Read 3049528 times)

legendary
Activity: 980
Merit: 1000
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Did anyone ever figure out how to overclock a neptune over 500MHz?

Or a Titan over 325MHz?


500 MHZ for a neptune is hardcoded in the asic firmware.
its simply the max allowed setting.
0=off 1=50 etc...
full member
Activity: 241
Merit: 100
If a Titan cube (B1) doesn't mine any longer, is there any chance/idea to get him back mining?
legendary
Activity: 1596
Merit: 1000
Did anyone ever figure out how to overclock a neptune over 500MHz?

Or a Titan over 325MHz?
legendary
Activity: 1316
Merit: 1014
ex uno plures
Isn't Brock Pierce a big investor in KNC ? Does KNC now own the Bitcoin Foundation ? Is this the final nail in the coffin of the foundation ?

https://www.coindesk.com/brock-pierce-bitcoin-foundation-board-chairman/
sr. member
Activity: 433
Merit: 250
ok I stand corrected..on this case did they ever put a limit on what the amount you can LOSE if KNC wins the case...say on the 'us miners were a business' argument...and what is this security bond....? I can't find anything even in ball park terms...so if knc for example (this is just my paranoia here) was to blow crap loads of money on lawyers for this ie high priced law firms i'd guess (50 people 10k a pop that is 500,000 bucks) and they WIN.....I'd just be kinda annoyed shucking out another 10k to them and the loss of the 1.5k retainer

as to the appeals process I will take you on your word for this

I also had no luck finding the page for the online request to join the class action tonite when i tried so unsure what is up with that ..it just let me register to the site sent me
to a page with a supposed link to this supposed request to join...and nothing

perhaps they expect me to call them with such questions..but the site was not clear enough on risk reward etc with the whole process imho at least on this type of pay up front class action  

Please don't take my word for it. It's there in black and white on the Swedish Courts website.

Regarding costs. They are awarded by the court and represent "reasonable costs of counsel" So no, KNC can't employ an army 10k an hour Lawyers and expect the plaintiffs to pay for them. They will be liable for any extra costs over and above what is deemed reasonable by the court. Also as far as I'm aware they have one guy working on this, Per Widman so there is not a herd of Armani suits running the show.

Coincidently Joakim just emailed me about joining the class action and said the forms would be up in a few days. I guess that's why you can't get them. I still need to figure whether to join or continue with my individual case. I feel I have a strong case so spreading of the costs in the event of loss isn't really an issue for me and seems to be the only benefit of joining the class action in my case. But discretion is the better part of valour so I'll have to give it some thought.
copper member
Activity: 2898
Merit: 1465
Clueless!
...what is to stop knc from simply appealing on up (till the heat death of the universe)...and or we having to pay more and more fees to the law firm?

Searing. I've seen you post this same statement a few times now. This is just FUD and not how the law works.

KNC can appeal the decision ONCE in the Appeals court (Appellate Court) THAT IS IT. In extreme circumstances where a legal precedent needs to be set a party can appeal to the Supreme Court. That is absolutely not the case with KNC.

They have only 3 weeks to appeal the decision from the date they receive judgement. Leave to appeal can also be denied, making the Judges ruling final.

So KNC cannot drag this out ad-infinitum draining the plaintiffs of their finances. It's just not possible. I wish people would do the most basic research before posting statements or making decisions that may cost them or other people thousands of dollars.

Read this if you would like more info on appeals or the Swedish courts system in general http://www.domstol.se/Funktioner/English/Legal-proceedings/Contentious-cases/Appeal/

@notlist3d I know someone posted Joakim was doing a no up front cost deal/percentage, but that is probably a spoof email/scam. As far as I'm aware Swedish law prohibits "No win, No fee" deals so the idea that the lawyers don't have confidence in the case because they won't work on a percentage does not apply here. But I would email them and ask.

Look, if you don't feel you have a strong case and its not worth the risk, sit this one out. Personally I think KNCs case is extremely weak on so many fronts, morally and legally and I'm prepared to put my money where my mouth is. I'm certainly not going to roll over and let KNC shaft me. I've never let anyone do it the past. I see no reason to start now.

As for notthematrix. I sure people here have enough sense to dismiss whatever that fool has to say regarding this or anything else quite frankly.

Do you're own research and come to your own conclusions.

ok I stand corrected..on this case did they ever put a limit on what the amount you can LOSE if KNC wins the case...say on the 'us miners were a business' argument...and what is this security bond....? I can't find anything even in ball park terms...so if knc for example (this is just my paranoia here) was to blow crap loads of money on lawyers for this ie high priced law firms i'd guess (50 people 10k a pop that is 500,000 bucks) and they WIN.....I'd just be kinda annoyed shucking out another 10k to them and the loss of the 1.5k retainer

as to the appeals process I will take you on your word for this

I also had no luck finding the page for the online request to join the class action tonite when i tried so unsure what is up with that ..it just let me register to the site sent me
to a page with a supposed link to this supposed request to join...and nothing

perhaps they expect me to call them with such questions..but the site was not clear enough on risk reward etc with the whole process imho at least on this type of pay up front class action 
copper member
Activity: 2898
Merit: 1465
Clueless!

the knc class action link FAQ page

http://kncclassaction.com/faq/


er went to the above site..here is a quote....kinda sums up my concerns on what happens if KNC wins this case




We require a retainer of 15% of any invoices paid to KNC. (For example, if you paid KNC $10,131.80 USD for a Titan, your retainer will be $1,519.77).

Note:

* If Swedish court demands a security bond for your individual case, you are also liable for a bond, which is refunded upon favorable verdict. We make no guarantee that we can waive your bond requirement.



so as you see my main concern of the above...what is to stop knc from simply appealing on up (till the heat death of the universe)...and or we having to pay more and more fees to the law firm? What is the limit if KNC won the class action and they had say a million bucks in legal fees....if 50 folk were liable under the above  senario that is 20k each
and/or again they also if they won could counter sue for damages to their rep with the same group i would imagine

just looks kinda limitless on what burden you are partaking in this class action SHOULD YOU LOSE THE CASE or even if it just drags on and the class action folk run out of $$$ to proceed....

heck that would be my straegy if I was KNC

anyway the above stood out....

i suppose i should send a THIRD email to these people and get the facts (would help if i could find my previous frigging emails and no do a re-do)


heh managed to sign up for the site in the above FAQ link..it states submit an online form to be considered....seems the link for the online form is not coming
up in IE or Firefox....this is hardly encouraging....name and password work...go to this page and fill out form and nada





Yep thats why I dont like going to courd myself as a lawyer family member Wink
I would go for  3 BTC ,, as yoiu paid BTC for the miner.....
KNC can apply for at least 7 years and you have to pay up front.


yeah would suck thou NOT to be one of say the 50 folk on the class action and they WON...in that the class action WILL ONLY APPLY to those involved I guess...but then again
at that point I'd guess with a KNC loss we would be 'motivated' to start another from scratch huh? Smiley

but yeah if i could get say a ball park figure of what a worst case loss would cost say cost each of the 50 say as much as 2k plus the 1.5k retainer..i am pissed off enough I might do it...but unless they could narrow it down and such..and it not being such an open ended number...and if you have to keep chucking money out from knc appealing losing appealing etc ....well too open ended for me....visions of usa corps just dragging it out in court till people bugging them run out of money..and a settlement of 10k each or so to 50 people is 500,000 usd..so i can't see knc saying you win either...

will see what kinda info folk can find out..but the fact that the FAQ says that the Swedish court may require a 'bond' to be made by each person in the class action group does not inspire courage on my part....and you pay them from what i can tell the 1.5k then they tell you the particulars of the case you just bought into....

my further exception is that KNC is gonna go with the Swedish law claim that 'mining is a business' so i guess it may boil down to how much the Swedish courts feel like protecting the precedent as a hedge to EU law.......for all I know KNC may think they have the case run just on that one Swedish rule of law ..ie you are a business..so screw you... EU consumer protection and law etc does not apply argument..that may be a BIG deal for Swedish courts to keep for all I know.....sovereignty and all that

all lawyers and court cases of a monetary value ie $$$$ should be replaced with a vigorous round round of 2 out of 3 'rock/paper/scissors for such cases of law...would sure as hell cost a lot less to society......we'd probably have 3/4 less lawyers.........and probably no worse then the court system we have on such monetary law with 'expert witnesses' and all the rest of the rigging of such cases in big moneys favor imho...and we'd have the added benefit of the new trend of martial art rock/paper/scissor dojo's ....whoo hoo...


ah if only btc was still 1k i'd so do this ...knc really really pisses me off.....(never saw anything like their change in attitude from nun to porn star in an ethical point of view)

grrrrrr

 
sr. member
Activity: 433
Merit: 250
...what is to stop knc from simply appealing on up (till the heat death of the universe)...and or we having to pay more and more fees to the law firm?

Searing. I've seen you post this same statement a few times now. This is just FUD and not how the law works.

KNC can appeal the decision ONCE in the Appeals court (Appellate Court) THAT IS IT. In extreme circumstances where a legal precedent needs to be set a party can appeal to the Supreme Court. That is absolutely not the case with KNC.

They have only 3 weeks to appeal the decision from the date they receive judgement. Leave to appeal can also be denied, making the Judges ruling final.

So KNC cannot drag this out ad-infinitum draining the plaintiffs of their finances. It's just not possible. I wish people would do the most basic research before posting statements or making decisions that may cost them or other people thousands of dollars.

Read this if you would like more info on appeals or the Swedish courts system in general http://www.domstol.se/Funktioner/English/Legal-proceedings/Contentious-cases/Appeal/

@notlist3d I know someone posted Joakim was doing a no up front cost deal/percentage, but that is probably a spoof email/scam. As far as I'm aware Swedish law prohibits "No win, No fee" deals so the idea that the lawyers don't have confidence in the case because they won't work on a percentage does not apply here. But I would email them and ask.

Look, if you don't feel you have a strong case and its not worth the risk, sit this one out. Personally I think KNCs case is extremely weak on so many fronts, morally and legally and I'm prepared to put my money where my mouth is. I'm certainly not going to roll over and let KNC shaft me. I've never let anyone do it the past. I see no reason to start now.

As for notthematrix. I sure people here have enough sense to dismiss whatever that fool has to say regarding this or anything else quite frankly.

Do you're own research and come to your own conclusions.
legendary
Activity: 980
Merit: 1000
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the knc class action link FAQ page

http://kncclassaction.com/faq/


er went to the above site..here is a quote....kinda sums up my concerns on what happens if KNC wins this case




We require a retainer of 15% of any invoices paid to KNC. (For example, if you paid KNC $10,131.80 USD for a Titan, your retainer will be $1,519.77).

Note:

* If Swedish court demands a security bond for your individual case, you are also liable for a bond, which is refunded upon favorable verdict. We make no guarantee that we can waive your bond requirement.



so as you see my main concern of the above...what is to stop knc from simply appealing on up (till the heat death of the universe)...and or we having to pay more and more fees to the law firm? What is the limit if KNC won the class action and they had say a million bucks in legal fees....if 50 folk were liable under the above  senario that is 20k each
and/or again they also if they won could counter sue for damages to their rep with the same group i would imagine

just looks kinda limitless on what burden you are partaking in this class action SHOULD YOU LOSE THE CASE or even if it just drags on and the class action folk run out of $$$ to proceed....

heck that would be my straegy if I was KNC

anyway the above stood out....

i suppose i should send a THIRD email to these people and get the facts (would help if i could find my previous frigging emails and no do a re-do)


heh managed to sign up for the site in the above FAQ link..it states submit an online form to be considered....seems the link for the online form is not coming
up in IE or Firefox....this is hardly encouraging....name and password work...go to this page and fill out form and nada





Yep thats why I dont like going to courd myself as a lawyer family member Wink
I would go for  3 BTC ,, as yoiu paid BTC for the miner.....
KNC can apply for at least 7 years and you have to pay up front.
copper member
Activity: 2898
Merit: 1465
Clueless!

the knc class action link FAQ page

http://kncclassaction.com/faq/


er went to the above site..here is a quote....kinda sums up my concerns on what happens if KNC wins this case




We require a retainer of 15% of any invoices paid to KNC. (For example, if you paid KNC $10,131.80 USD for a Titan, your retainer will be $1,519.77).

Note:

* If Swedish court demands a security bond for your individual case, you are also liable for a bond, which is refunded upon favorable verdict. We make no guarantee that we can waive your bond requirement.



so as you see my main concern of the above...what is to stop knc from simply appealing on up (till the heat death of the universe)...and or we having to pay more and more fees to the law firm? What is the limit if KNC won the class action and they had say a million bucks in legal fees....if 50 folk were liable under the above  senario that is 20k each
and/or again they also if they won could counter sue for damages to their rep with the same group i would imagine

just looks kinda limitless on what burden you are partaking in this class action SHOULD YOU LOSE THE CASE or even if it just drags on and the class action folk run out of $$$ to proceed....

heck that would be my straegy if I was KNC

anyway the above stood out....

i suppose i should send a THIRD email to these people and get the facts (would help if i could find my previous frigging emails and no do a re-do)


heh managed to sign up for the site in the above FAQ link..it states submit an online form to be considered....seems the link for the online form is not coming
up in IE or Firefox....this is hardly encouraging....name and password work...go to this page and fill out form and nada



member
Activity: 92
Merit: 10
What would be a fair amount to claim from KnC regarding the bonus Titan, either if they accept it without trial or if it will go to trial?
What was the price on the Titan? Around $5500?

"Dear Sir/Madam.

We can see from our records that you have selected to receive a bonus Titan miner as part of the 2 for 1 offer we ran last year. Due technical issues in the selection process the Titan miner was not correctly registered as a choice and not accounted for. In this case we would like to offer you the following options instead of receiving the bonus Titan miner.

Option 1: Swap the bonus Titan miner for a free Neptune miner expected to ship within the next few weeks.

Or

Option 2: Receive a BTC payment of 3 Bitcoins per bonus Titan miner you were entitled to. (If you select this option please provide a BTC wallet address with your confirmation)

Please reply to this email to confirm your choice before the end of business 17:00 CET on Friday 3rd of April.

Thank you.
KnCMiner Team. "
legendary
Activity: 1456
Merit: 1000
if not, the retainer money is lost, and KNC will have fucked us even more

THIS is the reason, why I'm scared to join. I lost because of those swedish retards thousands of dollars and I'm somehow living with it but...if court will be unsuccessful for any reason I will lost even more..Is there any assumption about success court from somebody, who is familiar with law?

good luck with those fuckers anyway.


yeah my issue as well......i can't see KNC not appealing this up the courts in Sweden for 10 years.. i mean we are talking millions of dollars here much better to just pay
the knc law firm for a few years (and hope btc goes up in price i guess)..drag it out forever

and then IF YOU LOSE you have to pay KNC's legal costs which would by that time be CONSIDERABLE imho

my situation is different due to circumstances with bank error and now a biz and file taxes etc
 ..i can by being a legal biz in usa and such with equip depreciation the 10,131.80 miner down to around 7598.85 usd loss when it all wraps up
(have yet to pay any taxes on what i've mined vs equip i've got..so golden there)

thus with what I've mined ...i kinda am at a loss if this makes sense due to the above concerns

as to those who do pursue this good luck .....just my circumstances that retainer and what i've mined in coin ..the risk would be considerable in comparison when it is all
shaken out vs what I can maybe probably be close to ROI just riding this beast out..and i assume any settlement I would be taxed on anyway....so it would all come out
the same in the wash?

also unsure of status....when I ordered the miner (for like 6 months) was NOT a legal business....after april 10th 2013 WAS a legal business everyone knows knc's view on that

and I've sent previously 2 emails to the knc class action in the usa version with NO reply..that also is not encouraging

not a slam and better info then i have is appreciated....just from where i'm sitting on the fence what i'm pondering following this thread of thought on the class action



I wish I could find the quote I think it said the minimun number they would do class action was 20 people (I could be wrong), but I think it was around that number.  If that is true they want 30k to go ahead with KNC lawsuit.  Please correct me if I'm wrong on this.

I have only dealt with lawyers in two occasions. So I'm not a legal expert.  The one that really was a big deal he knew he could do it and he set a percent as he believed in the case.

These lawyers might be great... but I think they should have went with a percentage vs the retainer on class action if they believed in it.
copper member
Activity: 2898
Merit: 1465
Clueless!
if not, the retainer money is lost, and KNC will have fucked us even more

THIS is the reason, why I'm scared to join. I lost because of those swedish retards thousands of dollars and I'm somehow living with it but...if court will be unsuccessful for any reason I will lost even more..Is there any assumption about success court from somebody, who is familiar with law?

good luck with those fuckers anyway.


yeah my issue as well......i can't see KNC not appealing this up the courts in Sweden for 10 years.. i mean we are talking millions of dollars here much better to just pay
the knc law firm for a few years (and hope btc goes up in price i guess)..drag it out forever

and then IF YOU LOSE you have to pay KNC's legal costs which would by that time be CONSIDERABLE imho

my situation is different due to circumstances with bank error and now a biz and file taxes etc
 ..i can by being a legal biz in usa and such with equip depreciation the 10,131.80 miner down to around 7598.85 usd loss when it all wraps up
(have yet to pay any taxes on what i've mined vs equip i've got..so golden there)

thus with what I've mined ...i kinda am at a loss if this makes sense due to the above concerns

as to those who do pursue this good luck .....just my circumstances that retainer and what i've mined in coin ..the risk would be considerable in comparison when it is all
shaken out vs what I can maybe probably be close to ROI just riding this beast out..and i assume any settlement I would be taxed on anyway....so it would all come out
the same in the wash?

also unsure of status....when I ordered the miner (for like 6 months) was NOT a legal business....after april 10th 2013 WAS a legal business everyone knows knc's view on that

and I've sent previously 2 emails to the knc class action in the usa version with NO reply..that also is not encouraging

not a slam and better info then i have is appreciated....just from where i'm sitting on the fence what i'm pondering following this thread of thought on the class action

legendary
Activity: 1596
Merit: 1000
Do you guys think these would be good replacement fans for Neptunes?

http://www.newegg.ca/Product/Product.aspx?Item=N82E16835200110&cm_re=140mm_fan-_-35-200-110-_-Product
hero member
Activity: 672
Merit: 500
http://fuk.io - check it out!
this guys owe me money.

fuck KNC.
sr. member
Activity: 433
Merit: 250
Well In the US you can sue for notting , in sweden this is diffrent Wink , but KNC is going to refunt as I read so I guess they are not so bad at all.
oh btw if you dont accept the refund well then you are on your own.
as long KNC miners are not FCC or CE , certified you have NO CASE if it explodes in your face!

Does being this stupid come naturally or do you have to work at it?

@s1gs3gv
I'm waiting for the prelim hearings where we go before the judge and outline our case. Should be May/June. I'm not in the class action, I have my own case but the class action has slowed everything down. The Judge wants to hear all the KNC cases together to speed up the process. So unfortunately the head start I had has been nullified.

@notlist3d
Give Joakim or Magnus a bell. Someone posted a few pages back they were offering to work on a percentage with no up front costs on the class action. I've already paid so I haven't got the details but it might be worth dropping them a line.

legendary
Activity: 1456
Merit: 1000
I was one of the first to take legal action against KNC re Titans, so you may want to take my opinions with a pinch of salt. But I've seen KNCs legal defence and its pretty weak in my view and quite frankly dishonest. I can't believe even a kangaroo court wouldn't find against KNC for some of the stunts they've pulled. But you'll have to use your own judgement. Talk to Magnus or Joakim, see what you think.

Personally, having read all the arguments I don't think KNC have a leg to stand on and are clutching at straws. I think they are trying to drag this out, hoping most people will give up so they can settle the minimum amount of cases. That's just my opinion, you'll have to come to your own conclusions.

I assume your case is now waiting for adjudication or is there some kind of discovery process in progress ?

I'm guessing they are also waiting on amount of people.  I can't seem to find post but I believe there was a minimum number of people to join before they would move on.

I for one would be scared as you could lose even more money.   I like when lawyers agree to a percent and don't charge upfront, if a lawyer is willing to do this it makes me think they believe in your case more then giving you a rate to pay up front.
legendary
Activity: 1316
Merit: 1014
ex uno plures
I was one of the first to take legal action against KNC re Titans, so you may want to take my opinions with a pinch of salt. But I've seen KNCs legal defence and its pretty weak in my view and quite frankly dishonest. I can't believe even a kangaroo court wouldn't find against KNC for some of the stunts they've pulled. But you'll have to use your own judgement. Talk to Magnus or Joakim, see what you think.

Personally, having read all the arguments I don't think KNC have a leg to stand on and are clutching at straws. I think they are trying to drag this out, hoping most people will give up so they can settle the minimum amount of cases. That's just my opinion, you'll have to come to your own conclusions.

I assume your case is now waiting for adjudication or is there some kind of discovery process in progress ?
alh
legendary
Activity: 1846
Merit: 1052
At least in the US, when a company is faced with a lawsuit that they may not win, they are motivated to do the right thing. It wouldn't be a surprise if a similar dynamic is in play in Sweden.

Case in point: Butterfly Labs (aka BFL)
legendary
Activity: 980
Merit: 1000
CryptoTalk.Org - Get Paid for every Post!
if not, the retainer money is lost, and KNC will have fucked us even more

THIS is the reason, why I'm scared to join. I lost because of those swedish retards thousands of dollars and I'm somehow living with it but...if court will be unsuccessful for any reason I will lost even more..Is there any assumption about success court from somebody, who is familiar with law?

good luck with those fuckers anyway.

Its very impotant that you got the right party to sue ,,, if KNC for example used a chineese compony to assamble the miners and send to the US.
changes are that you want to sue that chineese compony if you can , and if KNC for example sue the same chineese compony because they also blame them then chances are not looking good , for people since knc exported the control of assambling miners to China.
For example if KNC only gave blueprints of a miner to manifacture , and notting is made in sweden , KNC will be the wrong party since all happend in China.
the same way its works with apple and foxconn , apple is NOT respoinsible for killings in  assamblage , the only thing they have to is replace faulty i-phones.
 

This is not how the law works you buffoon. You're making yourself look even more of a horses ass than normal spewing this nonsense. If I buy an iphone from Apple and it blows up in my hand I SUE APPLE NOT FOXCONN YOU IDIOT!! If Apple choose to sue Foxconn to reclaim any damages, that is up to them, but the legal responsibility is on Apple to make sure their products are fit for purpose before selling them,no matter where they are made.

The same goes for KNC. I can see why you didn't go into the family business  Roll Eyes Maybe you should ask your "lawyer family" for some free advice before running your mouth off. You might look like less of a fool.

Well In the US you can sue for notting , in sweden this is diffrent Wink , but KNC is going to refunt as I read so I guess they are not so bad at all.
oh btw if you dont accept the refund well then you are on your own.
as long KNC miners are not FCC or CE , certified you have NO CASE if it explodes in your face!

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