Topic: Swedish ASIC miner company kncminer.com - page 1578. (Read 3049505 times)

As daunting as a snot-nosed toddler tugging on my sleeve to say "I can't hear you"

That earns a trip to my ignore list.

By "product" i mean the Mercury/Saturn/Jupiter miners KNC has promised to ship before the end of the summer September.  If these products are already in customer's hands, KNC would have, indeed, underpromised and overdelivered. As things stand now, if said products ship before the end of September, KNC would fulfill its promise, though without overdelivering & having fully eroded the "margins upon margins."

@The Avenger:  KNC is an ASIC manufacturer.  If you think there's a reason it should be exempt from comparisons to other ASIC makers, please make a case.  In the meantime,

"At least Pedobear was cuddly!"

they could have stopped all this as well as refunds by naming a shipping date or at least give more news about current progress
as well as [edit-begin] sticking to claims like [edit-end] allowing refunds until shipment as stated [edit2-begin] since there are still some asking for October slots as far as I know [edit2-end]

being silent in order to surprise customers seems to be a stupid tactic and I do not think they are stupid

What product?  The only product they have is the FPGA prototype and they are not building/shipping that.

Why you guys are so hyped up about KNC and its "products"?  

Until they show a working ASIC chip, there is nothing to be excited about.

Did you already forget Avalon and BFL fiasco?  Why do you think KNC will be any different?
Once (IF) they get any working ASIC, they will mine the shit out of it for a month or two, blame Chinese customs for delays and
maybe then ship few units to "supporters".

Speculation. Speculation. Speculation.

Here are some more pointless speculations on the "no more refund":
1. Things have gone badly wrong, which is what everybody here seemed to assume yesterday. People assume this from comparing them to bullshitlabs.
2. Things are going well and they are planning to ship in 3 or 4 days time. Only makes sense to stop refunds, otherwise they will start to lose money they have paid to UPS etc.
3. Sam paid out $31k refund on the 24th, which might have had a big influence on stopping refunds. He could easily have put the no refunds in place 24th and told them to get lost. I think it shows integrity that as late as 24th, he paid out such a massive refund. Many companies (who will remain nameless) would try to worm out of it.

You enjoy that speculation?

It doesn't mean anything.

Most of the FUD comes from comparing KNC to other companies.

KNC never promised to disclose an order chain. What purpose would it serve, if they intend to ship 100's per day for about 2 weeks? They did say they will provide a UPS tracking number when miner is shipped. So that is what they promised and I'm sure that is what they will deliver.

If KNC ship on or before 30th Sept, they have kept their big promise. No one knows if they will or not, so everything else is speculation.

As I said a page back, better to stick to the facts we have and wait for updates (from KNC directly, or from Bitcoinorama who says he is going to Sweden tomorrow and will report back with facts and pictures/videos).

I do not really care whether they will be late some days.

I can understand those being pissed off as I'm pissed off myself by KnC's broken promises and their behavior so far.
Even if orders are on their way in this very moment and do arrive the next hours it would not change this circumstance.

I've posted this a few (dozens) of pages earlier, but it went unnoticed for all the crying. The bottom line is, I am not too worried until the end of October:

Whine, whine, whine, whine, whine, whine, ad nuseum...

well you can even inform them that you know some of the consumer laws of their country and they still buck the system.

I don't get your way of thinking.
Sure we will receive units the next week as it looks like, but there's no whining.
From my point of view it's comprehensible complaints based on obvious disappointments caused by broken promises and shady behavior from KnC.

all those (unexplained) delays - Shipping is now end of September/begin of October - in the beginning it was 'this summer' even with Mars,
we have Friday 27th and still no further infos about exact shipping date but the claim 'on track' - some of us have to book/cancel flights or at least to get a day off from work,
there are some broken promises (video, news an other stuff),
now this shady 'no more refund' policy (because of mass refunds?),
they do not disclose how much they actually ship (hashfast has a transparent public order chain),
their news and customer support became quite worthless the last days as it seems to be,
some politely emails with uncomfortable questions never got answered - not even with a short 'sorry we will not disclose it',
claims of 'under promise, over delivery' as well as 'margins upon margins upon margins',
...

..as professionals they should be aware that such statements and behavior breaks your neck when not sticking to them.
So how about not blaming disappointed customers for being pissed off, but KnC for causing the disappointments in first place.

instead of
"Can you Xialla and everyone else stop WHINING LIKE CHILDREN, we're all getting really sick of it."
you should yell
"KnC what the fuck is going on, you make me dealing with more and more ppl being pissed off, we're all getting really sick of it."

I have to add one more speculation. Just because I'm twisted.

They got 'em all done yesterday. Sent the first days orders to ship today. Then they all logged in here and watched half the forum have a heart attack while smoking a big spliff.

Hey, it's what I would do

I'm going to have to disagree. Speculating helps in the way that it can give you an idea of what may possibly be happening.

But yes, for the weak people out there, they're going to panic more. I guess I'll stop then

And yes, yesterday the amount of FUD was unbelievable. I've added so many people to my ignore (the ones who don't really add anything to the discussion).


P.S Crumbs is alright. He trolls/FUDs about 90% of the time but he does add some useful stuff to the discussion... sometimes... in a full moon

I don't add everyone to my ignore. Only the ones who don't really add anything. I like to listen to both positive/negatives. It's bad to just listen to the positive only.

Not all of it is panic.  Some people may feel a bit duped.  KNC made some strong claims, "we underpromise/overdeliver," "margin upon margin upon margin" etc., etc.
What are we expected to take away from these claims, if not "our commitments are the worst case scenarios, expect our product significantly sooner than projected, at a significantly higher spec"?

Now KNC is paying for its braggadocio.  Or not.
If the product ships on time, KNC's choice of skipping the testing stage will be seen as bold & daring.  If they fail, well...

Speculaing does not help, it just generates more speculation and panic.

Better to stick to the facts we have and wait for updates (from KNC directly, or from Bitcoinorama who says he is going to Sweden tomorrow and will report back with facts and pictures/videos).

We all want to keep up with whats going on in this thread, but I don't think anyone wants to log in and have to read 20 pages of pure speculation and FUD like we saw yesterday.

Thanks

Just trying to help out with all the panicking so far witnessed in here

9. A combination of a bit of every possible scenario listed.

Possible scenarios:

1. Chips are done, packaged and already in their hands. Specs are great as estimated. They're working non stop at the moment to make the first rig happen.

2. Chips are not done (not done packaging) and still in China. They're praying for them to be done quickly and hopefully ship to them before 1st Oct so they can get a rig up and running.

3. Chips are done, packaged and already in their hands. Specs are lower than estimated. Power is off the charts and GH/s is underwhelming. They're trying to figure out a solution now.

4. Chips are done, packaged and not in their hands yet. Custom delays.

5. Everything is done. Specs are confirmed to be great. However datacenter is not 100% online yet. The mining pool/control panel is not operational yet. They're waiting to get that 100% up and running before shipping anything.

6. Chips turn out to be duds. They're shitting themselves right now.

7. Chips are done and on spec. However software side of thing still not 100% done. They're currently tweaking and working the code / playing around with the hardware.

8. Chips are done and on spec. However, it turns out they've made a mistake on the PCB or that the power required is way more than the components can support. So it needs to be reprinted/redone/components ordered. Delays delays delays.

The benefit would only be canceled if the only gear hashing came from KNC.  Since there are non-KNC miners out there, and you're competing against them for the slice of the coin caek, it's obviously an advantage to have more hashing power.