Swedish ASIC miner company kncminer.com - page 154.

The Avenger

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Quote from: RealMalatesta on February 03, 2015, 08:40:10 AM

Quote from: The Avenger on February 03, 2015, 08:09:17 AM

Quote from: dsattler on February 03, 2015, 02:08:12 AM

Have you read this?

KNC facing a class action lawsuit:
Sad

I'm well known for my funny photos, but this is actually a real image from her website!

Watching that video, I'm not convinced she is up to the task. kfc are multi-millionaire ruthless crooks, who have made it a conflict of interest for any lawyer in Sweden to work against them. She'll be swallowed whole in 15 minutes.

The impression she left in the video is, hm, how to write it in a polite way...?

As a matter of facts, it doesn't really matter what lawyer you have in the US. All you need is one who can convince the DA that it is a RICO-case. And given some facts which are freely available, I don't think this will be so difficult. It would make sense if the community would dox a couple of the persons involved, and with this information, it would be a cake-walk.

They use RICO to prosecute for murder, kidnapping, arson etc. Not sure kfc are quite on the same level as the Gambino family Grin

What do you mean by doxing persons involved? All the directors of kfc are well known, with plenty TV interviews etc on record that identifies them. They even say in those interviews they sell to private individuals, which negates their t&c's completely about selling only to businesses. You can search for my older posts and find that interview Scam Hole did where he said they "sell to everyone". These facts are all freely available. I hope our intrepid traffic ticket lawyer is reading and already has that evidence in her files.

RealMalatesta

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Quote from: The Avenger on February 03, 2015, 08:09:17 AM

Quote from: dsattler on February 03, 2015, 02:08:12 AM

Have you read this?

KNC facing a class action lawsuit:
Sad

I'm well known for my funny photos, but this is actually a real image from her website!

Watching that video, I'm not convinced she is up to the task. kfc are multi-millionaire ruthless crooks, who have made it a conflict of interest for any lawyer in Sweden to work against them. She'll be swallowed whole in 15 minutes.

The impression she left in the video is, hm, how to write it in a polite way...?

As a matter of facts, it doesn't really matter what lawyer you have in the US. All you need is one who can convince the DA that it is a RICO-case. And given some facts which are freely available, I don't think this will be so difficult. It would make sense if the community would dox a couple of the persons involved, and with this information, it would be a cake-walk.

The Avenger

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Quote from: dsattler on February 03, 2015, 02:08:12 AM

Have you read this?

KNC facing a class action lawsuit: http://bitcoinist.net/bitcoinist-news-bits-knc-lawsuit-investigation/
Sad

I'm well known for my funny photos, but this is actually a real image from her website!

Watching that video, I'm not convinced she is up to the task. kfc are multi-millionaire ruthless crooks, who have made it a conflict of interest for any lawyer in Sweden to work against them. She'll be swallowed whole in 15 minutes.

TheRealSteve

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FUN > ROI

At the same time: Accel Investing In KnCMiner – 16nm tape-out completed

dsattler

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Have you read this?

KNC facing a class action lawsuit: http://bitcoinist.net/bitcoinist-news-bits-knc-lawsuit-investigation/
Sad

dogjunior

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Quote from: Prelude on February 03, 2015, 01:10:36 AM

Yeah, I used to be pretty bullish about LTC.. No longer. I really think it's future is sub 50 cents.

Hum well sub 50 cents. If I can mine 20k LTC then I will have made ROI. Cheesy

So if the hash rate stays the same, in 10 years I will have mined 20K LTC. I don't think my Titan will last a year let alone 10 years. Sad

My only hope is $10 LTC.

Prelude

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Yeah, I used to be pretty bullish about LTC.. No longer. I really think it's future is sub 50 cents.

Searing

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Clueless!

Quote from: dogjunior on February 02, 2015, 05:54:30 PM

KNC has really gone to hell. I got an underperforming Titan that has bad dies. My only goal now to mine 1000 LTC and pray to the sweet crypto gods that LTC will get back to 10$ and I will have some sort for ROI.

Jeez...that is my bet too...(currently held every LTC I can miner on www.litecoinpool.org now with the merge mine addition it is at 105% ...was at 108% on 3.80 LTC Nov 8th
when I started this run up of hoarding LTC) ...anyway as of today at 550 LTC

But then again reading on what you posted above vs me "hoping" this in my head..it seems a lot more 'unlikely' ...then in the unicorn and rainbow world of my hopes/dreams....

no choice...I just CAN'T sell LTC direct to BTC on a multi-pool at 1.80 usd...it just makes me 'feel dirty' (so so wrong) so will hold and hope

when LTC dumps to 48c and such ..it will complete my dismal KNC TItan experience.......

but yeah I like what you write above ..it is my bet as well.....but reading it in black/white....in the 'real world' scares the bejebbes out of me...

still clinging to the hope that it will not matter in the future 'what you paid for your BTC/LTC/Mining or whatever...at this 2013 to 2015 point in time....but "when" you paid that
amount for the equiv coin'......ie got in early.....this too shall pass 'knock wood".....

(back to my in my head world view of unicorns and rainbows..and 40 buck LTC and 2K BTC as a 'bubble start' senario.....ah...much better....reality is overrated)

RealMalatesta

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If I were in the US, I would do some research about their investors. You could make a RICO case out of this and thus go after US-based investors. This would make things easier and quicker instead of trying to fight them on their ground.

edit: Just looked up some facts about GP Bullhound. Gee, I'm almost sad that KnC refunded me. Such a lawsuit would be fun!

kingscrown

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http://fuk.io - check it out!

Quote from: Soros Shorts on February 02, 2015, 12:43:18 PM

UPS just informed me of an unexpected 15.5 kg package coming from Sweden. I wonder what it could be?

4 cubes that wont connect to controller Wink

dogjunior

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KNC has really gone to hell. I got an underperforming Titan that has bad dies. My only goal now to mine 1000 LTC and pray to the sweet crypto gods that LTC will get back to 10$ and I will have some sort for ROI.

Tigggger

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Quote from: McKinley on February 02, 2015, 05:13:48 PM

Quote from: moonpie on January 20, 2015, 06:34:36 PM

Is it time for Mini Titan Batch 2 customers to consider forming a class action lawsuit against KnCMiner? Batch 1 finished shipping last year. We are well beyond the advertised time frame for delivery of batch 2. Has KnCMiner engaged in deceptive advertising?

As i recall, that promise was part of the product details in the store. Therefore it's part of the contract.
I don't recall an advertisment of the +1 month outside the store? Was there, too? - that would cement the case.

There have been many breaches of contract, and I've no doubt that if you got to court you would win.

KNC however rely on the fact that it is very hard for most people to do this, so they will deny everything and hide behind un-enforceable contract terms to make it as difficult as possible and string the matter out.

Many people paid out $1500 to some swedish solicitor about 4 months ago and nothing has been heard since, the wheels of justice turn slow and they are very expensive.

The Avenger

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Quote from: Soros Shorts on February 02, 2015, 12:43:18 PM

UPS just informed me of an unexpected 15.5 kg package coming from Sweden. I wonder what it could be?

McKinley

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Quote from: moonpie on January 20, 2015, 06:34:36 PM

Is it time for Mini Titan Batch 2 customers to consider forming a class action lawsuit against KnCMiner? Batch 1 finished shipping last year. We are well beyond the advertised time frame for delivery of batch 2. Has KnCMiner engaged in deceptive advertising?

As i recall, that promise was part of the product details in the store. Therefore it's part of the contract.
I don't recall an advertisment of the +1 month outside the store? Was there, too? - that would cement the case.

McKinley

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Quote from: jelin1984 on January 28, 2015, 04:38:21 AM

biggest lost is titan batch 2

they did not shipped yet
and maybe not shipped Sad

True, i also ordered one Titan - at the beginning of June 2014 (!!!). Now is February 2015. The delivery time is like with Butterflylabs. Untrustworthy.
But while Butterflylabs didn't promise delivery times, KNC did. They wrote the batch 2, would be 1 month after batch 1.

So they are worse than Butterflylabs, cause they're also not keeping to their contract. This is a legal issue. Everyone not having received one Titan batch 2, within 1 month after batch 1 is eligible for legal action against KNC. Lawyers have easy play with contracts not being kept. With a contract there's not much arguing.

But i'm afraid it won't help, that the contract hasn't been kept. Since they invested big in mining, i think they had to take debts to finance them. And since the bitcoin prices fell those investments are worth to null. Now, if they order a new batch, and need to pay for it they would have to take more debs, and if the bank refuses, they can't.
When they run out of paying their employees salaries they will file for bankruptcy and say, they couldn't have seen it any earlier. If they do that, remember my post then.

All we will have from Titan batch #2 orders is a claim in the bankruptcy proceedings.

Tigggger

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