Topic: Swedish ASIC miner company kncminer.com - page 174. (Read 3049514 times)

thx

These attract VAT+duty when imported in the EU, so the total comes around 250USD. Then you need a PSU, so let's say 30USD more.
Total = 280USD

Basically these will never see break even.
Here in the UK these will bring 0.30GBP profit daily 

It's getting there if you have expensive electricity.

Antminer S3+, $210 USD, 450 GH/s

income = $2/day
electricity@$.15/kwh = $1.25/day.

I'm not growing my farm now, but the income and spare heat is quite nice this winter.

No, it won't. The rPI performance is not a limiting factor.

I am so glad I got out of the mining game and managed to do it at the correct time.

Btw what is the current lowest price for GH/s for a complete product and have we reached the point where the electricity cost has surpassed the mining revenue?

I did ask for a refund a few months ago and declined of course. Was there another way to "cancel" the order ?

i think the same my friend any link to buy bbb?

Question...
I'm wondering if replacing Titan's Pi with a BBB will help the fast-block coins and/or multipool.... 
Has anyone tried?

they may dodge this by saying it never applied to multipool mining ...but can't see how they can get around it not working with fast block new coin startups etc
plus the other stuff it should do with alts but don't the promised ie scrypt N which is i think a bigger fantasy then my Titan every making back 1/2 its purchase price

My friend's company has a top-class Swedish lawyer on the case, asking KnC's lawyer, who tried to claim there was nothing wrong with the Titan, to answer the question, "are you saying this device can be used for ALL scrypt applications?".

As I have been saying, it's going to be *real* interesting to see how KnC answer that particular question when they've already posted on their own forums and in email replies that it can't function properly for fast-block-time networks or p2pool.

Now they have pulled that "all scrypt applications" claim from their website, I'd say it might have got their attention.

Did you cancel your order prior to KnC shipping it?

So what's the word from Magnus or any other lawyer that deals with this lawsuit ? 

Anyone hired a lawyer please provide some info   

My titan is still at UPS (for two weeks now) and they are bugging me to give them and answer so they release it to the customs and then i'll have to pay 2000$ to get it..

They also have the right to suddenly pull that Titan sales page and replace the confident "all scrypt applications" assertion with some mumbling about 'tweakers' appreciating the modular design. No more mention of performance!

https://www.kncminer.com/categories/litecoin-mining-hardware

Oh KnC, how *are* you going to answer that oh-so-difficult question regarding "all scrypt applications", when everybody concerned has already clocked the fact you boldly asserted a performance specification in the sales description that turned out to be utterly false?

In fact, how *are* you going to deal with the thorny issue that a scrypt miner which is limited to where it can actually mine, is a rather unusual beast and, as such, said limitation would have had to have been disclosed as part of the original sales description in order to avoid being accused of essential breach of contract, amongst other potential charges.

Tricky, tricky, tricky. What *is* one to do?

the joys of (half-feigned) ignorance.... i've heard its bliss.

welcome to the club my only hope is they get alt coin fast block mining to work and I go 'unicorn hunting' at an elec loss for the next
dodge coin success on day 1  type coin of the future....(hey it could happen..i could win the lottery....i could make a warp drive for cash etc)

kinda glad i had to do this as a biz at least i can get equip depreciation 25% on the Titan 7.6k loss is less trama

so live an learn i guess ...talk to a CPA with 3 Titans I'd call myself a home biz and write of 25% in equip depreciation $$$ towards
taxes in real cash (5yrs 20% a year) of the loss or at least look into such
with 3 titans you certainly would look like a hard core small biz startup thats for sure only angle I have on all this so far

and also my condolences as well........it does suck...




shhhh....don't tell edgar you sold high on btc and bought a massive solar setup and are off the grid....
he might bring up that whole 'mastermind' thing again evil genius that you obviously are ..heh

(wonder what old edgar has been saying lately....since i last saw him quoted ...he really does need some mental health help)

ah the joys of /ignore i can say what I please and not have to read edgar..sorry to you guys who don't have him on /ignore after this post

by the way phoneix's solar setup is big enough he is COMPLETELY OFF the grid and is buying back in the coin he sold back a heck of a lot cheaper

me I just be still a holding

heh.....well at least someone did good with their BTC mined from KNC and was smart enough to get refuned on the Neptune in time!

as for my Titan to be fair it does make a fairly good space heater..

LOL.

Oh noes, it looks like somebody else is asking that awkward question directly to KnC. What *will* their answer be?

http://forum.kncminer.com/forum/main-category/hardware/69437-when-will-the-titan-be-able-to-mine-all-scrypt-based-coins

*AWKWARD!*

lies, prevarications, artful dodges, false promises ?

followed eventually by an offer of a refund if you sign a non-disclosure preventing you from telling us all how you did it

soon, plan, intend, hope, expect, should, your fault, no refunds, trolls, crybabies, silence....



...like the cunts that they are

Just a little update regarding my friend's company and their ongoing legal process to make KnC honour the cancellation and refund instruction they received when it was confirmed to him that there were a number of limitations on where these units could hash. He had emailed KnC to ask whether, along with the growing list of places it couldn't function properly, was it also incapable of mining on p2pool, with a reply from them confirming that it was currently unable to work with p2pool and was given a handy link to the announcement of pools where it could function.

This reads like a description of a device that is limited to where it can mine.

This reads like a description of a device that, contrary to KnC's claims, cannot actually be used "for all scrypt applications".

Strange how the sales description never mentioned that it was going to be limited to where it could mine and, in fact, says the exact opposite of such a thing, claiming it can be used "for all scrypt applications".

How does that work again?

It supposedly can be used for all scrypt applications, yet it can't actually be used for all scrypt applications and KnC have themselves confirmed that it can't be used for all scrypt applications prior to my friend's company cancelling their order.

KnC are instructed to cancel the order on the basis that the device cannot be used for all scrypt applications, something they have explicitly confirmed in their email stating that it couldn't be used for p2pool and directing the company to the announcement of confirmed pools where it did work properly, yet they are currently claiming that there is no fault in the product and they deny any responsibility for it not working for all scrypt applications?

The cognitive dissonance is strong at KnC.

So they repeatedly ignored the explicit cancellation, which was based on proven facts regarding an essential breach of contract, resulting in them eventually just shipping out these units against the company's instruction not to, while threatening the company that if they did not accept delivery, they would be liable for the additional shipping charges.

Their business practices are shameful, bullying people into taking delivery of a device that they have already admitted cannot actually mine on all scrypt networks.

I wait with baited breath to see how they intend to respond to the direct question from the Swedish laywer, "are you claiming this device will work for all scrypt applications".

Because, let's be honest, they are still claiming it on their sales page now.

Anyone fancy take a punt at what their reply might be?

where is my bonus Neptune I am asking??

I looked into solar here in South Texas where the sun shines almost all the time and my power bills are fucking insane. Mining + cooling is nuts. Yeah, scammish bullshit was all I got. It'd cost $50,000 to only save me $200-300 a month. They work their way into the subsidies and price it in such a way that you'd ROI in 10-15 years. Screw that. I looked at the parts they were going to use and labor and saw they were just ripping me off. Told them to f' off. I'll do it myself with some electrician help when they become more efficient. I need a system that can generate 5-10,000 watts in the summer.