Topic: Swedish ASIC miner company kncminer.com - page 151. (Read 3049514 times)
I don't care what some "reporter" has to say. The media is corrupted, they are owned by the corporations and told what they should should write.
Just remember every story had 3 sides.
Thanks
Class action lawsuit
22 people in so far
Juristfirma Din Rätt
Joakim Strignert / Grundare, Jur kand, Civ ek
+46 (0)708 19 88 91 / [email protected]
22 people in so far
Juristfirma Din Rätt
Joakim Strignert / Grundare, Jur kand, Civ ek
+46 (0)708 19 88 91 / [email protected]
Look's like Kurt is gonzo or has less involvement with KNC now. I see two new guys in the their forums that seem to be doing a decent job with normal questions, Keith and Liam. Also their is new binary for the Neptune's (V1.06) and sadly KNC is just getting around shipping the bonus miners.
Kurt quit in dec 2014
also the guys on the knc forums can't even change the web pages and fix the forum errors ..they have no more idea then any of us imho
on when/if titans will ship or whatever
by the way I heard that bonus neptunes had shipped a few ..but know some guys near tiggger's bonus neptune in line of purchase number and
they have gotten nothing ...did knc just pull the supposed bonus neptunes that are shipping ? ...its been about 3 weeks since i heard of anyone getting any
myself don't qualify but thought it was odd as heck *unless they are planning on blowing the dust off the data hall neptunes and shipping them as the 'free bonus'
as a lump it or leave it
as to the 2nd batch titan absolutely no clue on what is broke or what is going on with why they have not shipped yet
probably no one knows ...just tossing it out there on stuff i'm scratching my head about (and how the hell they think they can get away with such antics)
For those suing KNC be careful because you can't say "because the of the price drop in Bitcoin" I lost money. Unfortunately that's the risk you take with big investments. Granted KNC couldn't keep their promise on the time of delivery which is what you can sue them for as a corporate or personal loss. In the end the Judgement might be based in Bitcoins based on the price of Bitcoins today, not the price they once where.
Look's like Kurt is gonzo or has less involvement with KNC now. I see two new guys in the their forums that seem to be doing a decent job with normal questions, Keith and Liam. Also their is new binary for the Neptune's (V1.06) and sadly KNC is just getting around shipping the bonus miners.
I'm just in a juxtaposing mood. (stumbled upon while conducting other research)
Aside: Just noticed this is my 4949th post. Reminds to me to do some housecleaning prior to spring cleanup that's now ONLY 5 weeks away thanks to some fuckin' rodent in PA.
Wow. This is actually their lowest blow.
Now they are claiming to have all the hashing they need to sell another product. They should be giving this away proportionately to the people they already owe!!
How can they possibly claim to have this online and not distribute it proportionately amongst the people they owe hashrate to?
Do they honestly think their long suffering customers even care about receiving their boxes anymore?!
Losers...
Now they are claiming to have all the hashing they need to sell another product. They should be giving this away proportionately to the people they already owe!!
How can they possibly claim to have this online and not distribute it proportionately amongst the people they owe hashrate to?
Do they honestly think their long suffering customers even care about receiving their boxes anymore?!
Losers...
Aside: Just noticed this is my 4949th post. Reminds to me to do some housecleaning prior to spring cleanup that's now ONLY 5 weeks away thanks to some fuckin' rodent in PA.
There are currently two law firms suing KNC on behalf of customers. One is going as group lawsuit, and other is going individual. There is Pro and Cons for both, and about 80 people have filed against them. I am not sure if any new cases are taken by them (might be possible if you go solo), since both law firms have submitted their case to court and awaiting court hearing date. If they are able to get court decide all customers are consumers not businesses. It will be over soon. KnC would appeal but they can't appeal for next 10 years or so.
Just for the record Cointerra was expecting 0.225 watt per GH/s on their Shiva 16nm chip, not 2W/GH.
http://cointerra.com/wp-content/uploads/2014/09/AIRE-Miner-Sales-Sheet.pdf
http://cointerra.com/wp-content/uploads/2014/09/AIRE-Miner-Sales-Sheet.pdf
CoinTerra is in bankruptcy so they aren't expecting anything. Even if they were expecting that is a very bad efficiency in order to worth the 16nm mask. 0.2W/GH can be easily achieved with a 28nm chip.
There's a reason why just about nobody else other than phone manufacturers took the dive into 20nm. But KnC should have gotten more out of those chips. It seems like they are compensating for their lack of experience and proprietary solutions to problems with sha256 asics by paying for more energy efficient processes (20nm, 16nm). They should definitely get a lot more with 16nm FinFet, but I would be surprised if them manage to get the stated 0,07w/GH. Cointerra was expecting 2w/GH, unless KnC have bought some new technology we don't know of I think 0,07w/GH was just to scare other, already battle-worn, mining gear manufacturers.
Just for the record Cointerra was expecting 0.225 watt per GH/s on their Shiva 16nm chip, not 2W/GH.
http://cointerra.com/wp-content/uploads/2014/09/AIRE-Miner-Sales-Sheet.pdf
Who said it's about all 5000 titans ? I don't know if you can call it a class action (the WSJ did, but I think they got it wrong..)..
"said he filed a class-action lawsuit on behalf of a group of 50 customers" I don't think it's right to say class action when it comes to 50 customers.. A class action is usually on behalf of all 100% customers as far as I know..
"said he filed a class-action lawsuit on behalf of a group of 50 customers" I don't think it's right to say class action when it comes to 50 customers.. A class action is usually on behalf of all 100% customers as far as I know..
yeah thus my questions to them...a class action you pay a set fee.....and no penalties if you lose....indv suits you pay as you go...so if a corp has more money they just appeal up
ward and onward till you are out of $$...so is this a class action or just a group action supposedly they will reply to these questions i posed to them if not i guess that tells me something as well...
imho if a class action by 50 is WON then the others can jump in the pool after the fact as well (and or be included) but again i asked a few of these questions we will see what they say so far from what i understand they are in 'discovery /investigate mode" so hell it may not even go anywhere with that in mind
lawyers...shudder!
i contacted the usa version of the lawsuit supposedly she is in contact with her swedish counterpart with his 'group action' as he calls it ...I fllled out the form we will see
but again 2.5k Titan 1st batch and 2.5k from what I heard 2nd 3rd batch (and those few who for a brief time changed their bonus neputunes to a titan option) that is 50 million
dollars..again imho KNC will simply appeal for 10 years plus is my fear in that it is much cheaper then settling..I will consider it ...on what I get for a reply..but it does not take
a lot of thought to see KNC will fight this tooth and nail as to NOT put in danger all that lovely IPO money for the data farm in excess of 20 million bucks (or the next scam of
honest we will get the data farm out by such and such don't worry....or our situation but with people with bigger bucks game)....anyway will put what i find out here sent here
a bunch of info...pretty sure she knows most of it ...if she knows little of what is going on (see bitcointalk forum) and such that also will tell me much if this is just a way to make
the lawyers $$$$ or if there is any kind of shot
bitcoin never a dull moment
but again 2.5k Titan 1st batch and 2.5k from what I heard 2nd 3rd batch (and those few who for a brief time changed their bonus neputunes to a titan option) that is 50 million
dollars..again imho KNC will simply appeal for 10 years plus is my fear in that it is much cheaper then settling..I will consider it ...on what I get for a reply..but it does not take
a lot of thought to see KNC will fight this tooth and nail as to NOT put in danger all that lovely IPO money for the data farm in excess of 20 million bucks (or the next scam of
honest we will get the data farm out by such and such don't worry....or our situation but with people with bigger bucks game)....anyway will put what i find out here sent here
a bunch of info...pretty sure she knows most of it ...if she knows little of what is going on (see bitcointalk forum) and such that also will tell me much if this is just a way to make
the lawyers $$$$ or if there is any kind of shot
bitcoin never a dull moment
Who said it's about all 5000 titans ? I don't know if you can call it a class action (the WSJ did, but I think they got it wrong..)..
"said he filed a class-action lawsuit on behalf of a group of 50 customers" I don't think it's right to say class action when it comes to 50 customers.. A class action is usually on behalf of all 100% customers as far as I know..
All costs will be divided proportionally, so in any case it shouldn't be that big of an amount.
i contacted the usa version of the lawsuit supposedly she is in contact with her swedish counterpart with his 'group action' as he calls it ...I fllled out the form we will see
but again 2.5k Titan 1st batch and 2.5k from what I heard 2nd 3rd batch (and those few who for a brief time changed their bonus neputunes to a titan option) that is 50 million
dollars..again imho KNC will simply appeal for 10 years plus is my fear in that it is much cheaper then settling..I will consider it ...on what I get for a reply..but it does not take
a lot of thought to see KNC will fight this tooth and nail as to NOT put in danger all that lovely IPO money for the data farm in excess of 20 million bucks (or the next scam of
honest we will get the data farm out by such and such don't worry....or our situation but with people with bigger bucks game)....anyway will put what i find out here sent here
a bunch of info...pretty sure she knows most of it ...if she knows little of what is going on (see bitcointalk forum) and such that also will tell me much if this is just a way to make
the lawyers $$$$ or if there is any kind of shot
bitcoin never a dull moment
again from what i understand there is no 'class action' in sweden like the usa...if the price goes up on appeals etc you have to pay more into it and if you lose you pay the other guys court costs...again probably I am incorrect but what I was told when I looked into this...again from what I understand there is a class action lawsuit in usa but it is going thru the swedish guy in sweden....and again from what i understand their is no class action as such in sweden...so perhaps this is a complete usa class action...but it is all pretty murky when I asked about that at least a couple months ago
anyway you are likely correct but some clarification on 'further costs' and or liablity if you lose the case would be helpful to find out if you have 1.5k into this
please post if I am completely off the mark...stuff I was told a few months back when I looked into this ...again I was of the understanding it ALL has to go swedish courts to get a settlement
anyway you are likely correct but some clarification on 'further costs' and or liablity if you lose the case would be helpful to find out if you have 1.5k into this
please post if I am completely off the mark...stuff I was told a few months back when I looked into this ...again I was of the understanding it ALL has to go swedish courts to get a settlement
All costs will be divided proportionally, so in any case it shouldn't be that big of an amount.
I didn't say go solo, I meant to the class-action lawsuit - http://blogs.wsj.com/venturecapital/2015/02/03/bitcoin-mining-company-kncminer-gets-15-million-amid-lawsuits/
again from what i understand there is no 'class action' in sweden like the usa...if the price goes up on appeals etc you have to pay more into it and if you lose you pay the other guys court costs...again probably I am incorrect but what I was told when I looked into this...again from what I understand there is a class action lawsuit in usa but it is going thru the swedish guy in sweden....and again from what i understand their is no class action as such in sweden...so perhaps this is a complete usa class action...but it is all pretty murky when I asked about that at least a couple months ago
anyway you are likely correct but some clarification on 'further costs' and or liablity if you lose the case would be helpful to find out if you have 1.5k into this
please post if I am completely off the mark...stuff I was told a few months back when I looked into this ...again I was of the understanding it ALL has to go swedish courts to get a settlement
but from what I understand (tell me if i am incorrect) in swedish courts the LOSER PAYS the court costs...so if they lose and/or have other fees you will be contacted again
for more $$$ for the lawsuit..in that imho if knc made 2.5k of Titans say that is 25 million dollars they can simply appeal and run the bill up till it makes no sense to cointinue
to push the court cases...thus why class actions are setup a different way in the states..if you got cash you can just bleed the whole thing dead with appeals and having
more money to end the cases against you (knc's strategy imho)
(again tell me that 1.5k is the full price I may re-consider but that is my understanding ...each case is submitted 1 at a time ....separate to the swedish courts...so you'd be
responsible for any over costs/charges ie the lawyer's make $$$ win/lose or draw..thus your $$$ to stay involved and not lose the 1.5k depends on how much $$$ you may have
to pay in the future as it drags on.
again this is from my muddled understanding ..clarification please...(and if this does not sound right by all means double check with the folk you already paid 1.5k to)
again this is what I heard thus my reluctance up to this point to jump in to the lawsuit (that and little cash) on such a swedish lawsuit
for more $$$ for the lawsuit..in that imho if knc made 2.5k of Titans say that is 25 million dollars they can simply appeal and run the bill up till it makes no sense to cointinue
to push the court cases...thus why class actions are setup a different way in the states..if you got cash you can just bleed the whole thing dead with appeals and having
more money to end the cases against you (knc's strategy imho)
(again tell me that 1.5k is the full price I may re-consider but that is my understanding ...each case is submitted 1 at a time ....separate to the swedish courts...so you'd be
responsible for any over costs/charges ie the lawyer's make $$$ win/lose or draw..thus your $$$ to stay involved and not lose the 1.5k depends on how much $$$ you may have
to pay in the future as it drags on.
again this is from my muddled understanding ..clarification please...(and if this does not sound right by all means double check with the folk you already paid 1.5k to)
again this is what I heard thus my reluctance up to this point to jump in to the lawsuit (that and little cash) on such a swedish lawsuit
I didn't say go solo, I meant to the class-action lawsuit - http://blogs.wsj.com/venturecapital/2015/02/03/bitcoin-mining-company-kncminer-gets-15-million-amid-lawsuits/
1500$ is only 12% of the price of the titan (after customs payments).. so it was an easy decision for me to join..
but from what I understand (tell me if i am incorrect) in swedish courts the LOSER PAYS the court costs...so if they lose and/or have other fees you will be contacted again
for more $$$ for the lawsuit..in that imho if knc made 2.5k of Titans say that is 25 million dollars they can simply appeal and run the bill up till it makes no sense to cointinue
to push the court cases...thus why class actions are setup a different way in the states..if you got cash you can just bleed the whole thing dead with appeals and having
more money to end the cases against you (knc's strategy imho)
(again tell me that 1.5k is the full price I may re-consider but that is my understanding ...each case is submitted 1 at a time ....separate to the swedish courts...so you'd be
responsible for any over costs/charges ie the lawyer's make $$$ win/lose or draw..thus your $$$ to stay involved and not lose the 1.5k depends on how much $$$ you may have
to pay in the future as it drags on.
again this is from my muddled understanding ..clarification please...(and if this does not sound right by all means double check with the folk you already paid 1.5k to)
again this is what I heard thus my reluctance up to this point to jump in to the lawsuit (that and little cash) on such a swedish lawsuit
still wait titan batch 2
we had sent money
knc
what happen?
you closed??
we had sent money
knc
what happen?
you closed?
?Join the lawsuit.
1500 bucks to join the lawsuit from what i've heard and the price can go up if KNC appeals (which they will) .they will fight this till the 'heat death of the universe"
I applaud those who are doing the above...me....no $$$ all went out the window to the knc Titan at least at this point in time (still holding what i've accumlated)
so it goes
1500$ is only 12% of the price of the titan (after customs payments).. so it was an easy decision for me to join..
still wait titan batch 2
we had sent money
knc
what happen?
you closed??
we had sent money
knc
what happen?
you closed?
?Join the lawsuit.
1500 bucks to join the lawsuit from what i've heard and the price can go up if KNC appeals (which they will) .they will fight this till the 'heat death of the universe"
I applaud those who are doing the above...me....no $$$ all went out the window to the knc Titan at least at this point in time (still holding what i've accumlated)
so it goes
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