Topic: Swedish ASIC miner company kncminer.com - page 122. (Read 3049528 times)

Well that's some good news at least.

Can you post the email? Can anyone else confirm this? Not that I doubt you, I just want to make sure you're not an isolated case.

I held off contacting the lawyer, i wanted to give it one week to see if KNC was seriously only going to refund 1/3 of the price paid. They notified me today they have decided to refund the full USD value paid for the mini Titans.

The email stated they are refunding all batch 2 mini Titan customers in full, so they are stepping up to the plate and doing the right thing for those of us who had our batch 2 mini Titan order cancelled. No word on when the refunds will be processed, but knowing they aren't waiting for the price of Bitcoin to drop to save money on the refund makes waiting on a refund much much less stressful.

edit: just reread your post varchar, my order wasn't a bonus miner it was a standard order for the mini Titan.  I quoted you since you responded to me earlier in the thread. If you were waiting on a bonus Titan I don't know anything about how that's going to be handled. If you ordered a mini Titan and it was cancelled they are issuing full refunds.

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  Maybe you should ask your "lawyer family" for some free advice before running your mouth off. You might look like less of a fool.

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 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.

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.

for thoose who asked  me here my temps of bones miner.



and

I mean the whole class action suit -- as in, is there a high likelihood that it could succeed? (if not, the retainer money is lost, and KNC will have fucked us even more)

Yes, that's the way it works.

Reading, writing and basic common sense must have skipped a generation 

Thank you, sir.

From http://kncclassaction.com/faq/ :


Any legal experts here who specifically think this is viable / not viable?

Edit:

There's no claims form on their site, and their contact email is down:

I'm surprised about the 1200i. Ive been running my bonus neptune on 2 x EVGA G2 1000w units with no issues. Interested in selling the 1200i?

Well Bitpay is located Iin AMSTERDAM , to avoid us law.
KNC used chineese asamblers , that then send the boxes to the custumers.
I asked them , but only replacement was done localy , so if you got a new package it was send from china,
I have seen this with my phone too they use swiss for this trick , swiss has a free trade agreement with china AND europe.
so what the do is send it form china to swiss.
there they repakage it and then send it in to you in europe!
Good chance KNC never saw the miner send to them.
What can be the case is that KNC used a chineese carrier to send the us pakages , if that one fucked up can you blame KNC? ,, so A nice one for you guys is to find out if you al come from a certain continent?
The reason that iam sceptical about effectively suing is that I come form a lawyer family and know the tricks used.
so make sure you sue the right compony,
and that can be the cheneese assabler instead of KNC.
For bringing stuff to late... , well its bitcoin , it is a gamble don't think you get far because you cant predict the price 12 moths from now.

After being frustrated with my Corsair AX1200i PSUs which kept shutting down randomly, I went out and bought an EVGA SuperNOVA Platinum 1600W.

Nice PSU: it can power three Neptune modules with plenty of juice to spare.

Today I noticed a burning smell (!), and immediately ran downstairs to my garage and switched off my Neppy (still haven't had time to get my bonus Neppy running yet). I'm gutted, two of my five modules have the bottom three pins burned out of the power connector. It also destroyed two of my PCIe 2-to-1 cables (luckily I have spares). Both of the burnt modules were powered by the EVGA, which claims to have Over Current Protection, but it obviously didn't kick in. Now I have more respect for my AX1200is, I was at my wits end with them, but all along they were just protecting the modules by cutting off with OCP (I didn't know that at the time, I just thought they were "dying"). This has only started in the last month or so, prior to that the Neppy ran like a trooper with no issues.

I have replaced those two burnt modules with bonus modules, and they seem to be working fine. However, the DC/DC avg temp on the bonus modules is about 10C higher than the original modules.

I was running all modules at 475MHz, and have been since July 2014. Now that I've suffered the loss of two modules, I have taken the precaution of down-clocking the original modules to 450MHz, and the bonus modules to 425MHz as their cooling isn't working as well as the originals. After doing this, the Neppy is still hashing at about 3TH/s, which I'm fairly happy with.

I'm not happy with two modules with burnt power connectors and one bonus module which was DOA due to a popped rivet on the bottom (it's on my to-do list to inquire about RMAing that bonus module).

As for the two modules with burnt power connectors, can I assume that the ASICs are still ok? Has anyone tried repairing a burnt power connector, and had success in reviving the module?

If they are in jail will be hardly continue to exist as a company.

not so in usa law..and we paid in usd so the refund is in usd...as to bitcoin yeah you pay bitcoin they probably can just send you bitcoin

alpha had an offer to make folk go away by only paying part back ...on a pre-order....instead of usd they were gonna give you 'stock' in
the company for the rest.....should have been more clear...

as again to knc you paid in usd you should get refunded in usd as to bitpay and bitcon that is probably correct

but again your point was knc is lawful on all its transactions ..my post was to point out some of the points where others differ and will be
found one way or another in a court of law ...3x that is...there are 3 different class actions (not counting the future one with the IPO's in
my opinion on their lackluster return on 'cloud mining' per say

the legal cases will determine such....but knc does not care because they decided to burn the customers because they will have no customers
in the future on any product just 16nm equip for them privately with their IPO money........

anyway my view i'm sure will be born out by the courts...if they say knc is in the clear i'll accept that ..hey its the law...i suspect if knc loses
big time which is my expectation and settles or what not...you probably post on here and troll how it was a 'miscarrige of justice"

got to admit taking the contrary view of the troll on this thread probably works really really good for all them negative vibe cooties you enjoy so well

anyway that is how i see it ....they are gonna lose and admidtly pay a fine/ settle the class actions with a NDA for an undisclosed amount ...and
after they pay off the lawyers and the class action and the fines etc..they will be way way way ahead of actually doing the expensive right thing
for their customers only...if they sold 2.5k of titans say that is 25 million bucks at 10k a titan ..so hey all batches figure at least imho 15 million bucks
or say 10 million clear profit...all the above fines/settlements/lawyers etc is a couple million tops....so yeah .....they will lose and still smell like roses
is my guess

I made out like a bandit with that. 

Paid 11.5BTC for Neptune preorder, canceled and was refunded ~27BTC. Best/easiest ROI evar!

What about cancelling your order for a Neptune when they took too long and then received a refund? 

If you have been screwed by KnC, there are at least three law firms you can contact.

Read and see if any of these issues apply to you below.

Each are easily found on Google, as well have a new site:  KNCCLASSACTION.COM

Sweden:

(1) Joakim Strignert
(2) Magnus Daar

USA:

Charlotte Lin


ATTENTION ALL KNCMINER CUSTOMERS:
MAGNUS DAAR OF ADVOKATFIRMAN RISE & CO AB, JOAKIM STRIGNERT OF JURISTFIRMA DIN RÄTT, AND LAW OFFICE OF CHARLOTTE C. LIN ANNOUNCES AN INTERNATIONAL EFFORT TO PURSUE A JOINT GLOBAL CLASS ACTION AGAINST KNCMINERS.
If you purchased KnCMiner product including Titan, Titan Mini, Neptune, Jupiter, or Cloud Mining, while you were residing in any country, you may be eligible to file a claim against KnCMiner.

The class action alleges that KnCMiner sold defective and underperforming miners, materially breached contracts, and knowingly used deceptive marketing tactics to sell their KnCMiner products. KnCMiner denies it did anything wrong, and fraudulently withheld refunds on products that they knew they could provide, or withheld refunds illegally in violation of Swedish law. This class action is to bring KnCMiner in front of Swedish court to answer to consumer’s grievances across the globe.

If you fall within these groups, you may have a claim against KnCMiner.

Your Titan Batch 1 was shipped late.

Your Titan Batch 1 was defective.

You never received your Titan Batch 1.

Your Titan Batch 2 was shipped late.

Your Titan Batch 2 was defective.

You never received your Titan Batch 2.

Your Neptune was shipped late.

You never received your Neptune.

Your Neptune was defective.

You were promised cloud mining in consideration of giving up something (right to ask for refund, right to 2-for-1 miner, etc).

You were promised a “bonus miner” in consideration of giving up something (right to ask for refund, etc).

You were shipped a miner that was obviously used.

Your Titan Mini was shipped late.

You never received your Titan Mini.

Your Titan Mini was defective.

You asked for a refund before your miner shipped, and was denied a refund.

IF YOU FALL WITHIN ONE OF THESE GROUPS, FILL OUT AN ONLINE CLAIMS FORM.

They messed up the link.  FTFY: http://www.coinbuzz.com/2015/04/20/asic-manufacturer-kncminer-sued-customers/
Edit: and that article messes up a link, too.  FTFT: http://www.riseco.se/
Edit 2: and that article is pretty much a rehash of: https://www.cryptocoinsnews.com/bitcoin-company-kncminer-facing-three-class-action-lawsuits/