Swedish ASIC miner company kncminer.com - page 196.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: brammien on October 26, 2014, 05:48:01 PM

Everyone best take a look at this, we need to reach out to these guys and get ball rolling. Sign up if you haven't yet. http://insidebitcoins.com/news/kncminer-denies-abandoning-customers-though-admits-it-will-mine-for-its-own-benefit-possible-lawsuits-loom/25700

The above article was corrected to say the KNC still plans to sell equipment in the future...fat fricking chance of anyone ordering a pre-order in large amounts from them again

just lying and covering their butts looks better to say after the article is written that you will make equipment .....PR lie and correction by KNC imho

brammien

full member

Activity: 210

Merit: 100

Everyone best take a look at this, we need to reach out to these guys and get ball rolling. Sign up if you haven't yet. http://insidebitcoins.com/news/kncminer-denies-abandoning-customers-though-admits-it-will-mine-for-its-own-benefit-possible-lawsuits-loom/25700

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

I won't argue with Avenger's basic premise that KNC seem to be cunts but the rest of his self-congratulatory I told-you-so rant can't go without comment.

LTC's current depressed valuation is not a result of the existence of scrypt ASICs. It began quite a long time ago and has tracked BTC closely. It isn't just LTC that is in the dumps. It has lots of good company in the crypto-coin world, BTC being the most well known.

If you want to argue that ASIC's have killed BTC and that LTC valuation has tracked BTC, then that is different argument.

In general alt-coins have a lot of advantages over BTC. For example, they provide an area where experimentation can take place without the risks associated with BTC changes. Many of them are more suitable for use in payment systems due to their fast block time. Many are more profitable to mine than BTC for the average guy with a rig at home. The list goes on. I respect Con's experience and contributions to the cryptocoin world but his comment sounds a bit like an alt-coin hater and Avenger's comments sound a bit like he's still coming to terms with his own mistakes.

By all means organize a group action against KNC but get smart and come up with a workable plan.

The Avenger

hero member

Activity: 798

Merit: 1000

Quote from: johnyj on October 25, 2014, 11:32:12 PM

Quote from: -ck on October 25, 2014, 04:50:37 PM

Quote from: RoadStress on October 25, 2014, 04:34:22 PM

What the fuck is this meaning?

Quote

Due to the relatively young nature of the scrypt mining market we are not currently offering refunds on our scrypt mining products.

What has the scrypt mining market have to do with getting a legal refund? Such morons...

It has everything to do with why they did not offer refunds right from the start - they knew that ASIC mining would kill off scrypt coins and anyone who bought an scrypt ASIC would regret it. Legal or not is a different issue....

They are not as fast as you, just 1 year slower than you to discover that fact Cheesy

ckolivas pointed this all out for people in this thread months ago:

Quote from: -ck on March 23, 2014, 07:48:46 PM

They know the score, and that's why they offer no refunds for the scrypt miner. Titan will kill all scrypt mining since its only alleged advantage is that it is not mined by ASICs. Once ASICs are mining it in vast quantities, the only people who will have any interest in LTC and friends are those who already own a lot of it. If there is no real advantage or purpose to LTC and the profit margins for mining disappear and turn into absolute losses, those who preordered with a no-refund policy will get royally shafted.

Yeah, that was March. He was correct.

People who are a surprised knc are devious cunts with no regards for their customers and ltc is tanking just didn't read the zillion warning signs posted all over this thread by myself and many many other people.

I could quote a million of my posts, but here's just one:

Quote from: The Avenger on April 05, 2014, 07:37:33 PM

As I've said many times before, knc have nothing but contempt for their customers. They just see them as annoying idiots/imbeciles with wallets to take advantage of. We'll see this play out again for sure.

It did. What did we have to do to get you guys not to order from these fuckers? It was like watching lemming line up at the edge of a cliff when all you guys were putting cash down on Titans.

I got burned by these guys with faulty hardware almost a year to the day and I saw then they didn't give a damn or feel any obligation to provide customers with fully functional hardware. They've only got worse and more greed/more disrespectful of customers since then.

You guys who are getting involved in a law suit - organise yourselves! Maybe set up a forum where you can discuss your plans, don't just each individually hand over cash to some lawyer. Good luck with it

customminer

member

Activity: 87

Merit: 10

Quote from: BorisWCR on October 26, 2014, 02:46:57 PM

Sorry for asking if the answer is all ready on this forum....

But does anybody has already received his TITAN from the 1e batch ?

If not, does anybody know when KnC will start shipping the Titan 1e batch finally ?

Or is this also a scam and do we lost our money we paid in front for buying and delivering our Titan's ?

Thanks in front for answering dear fellow miners ......

Nope, still not got mine.
I'll be refusing the delivery, fuck knc.

elasticband

legendary

Activity: 1036

Merit: 1000

Nighty Night Don't Let The Trolls Bite Nom Nom Nom

I think this is maybe one of the funniest bitcoin videos i have ever witnessed - https://www.youtube.com/watch?v=D1GSKnJLcDg

BorisWCR

member

Activity: 554

Merit: 10

Sorry for asking if the answer is all ready on this forum....

But does anybody has already received his TITAN from the 1e batch ?

If not, does anybody know when KnC will start shipping the Titan 1e batch finally ?

Or is this also a scam and do we lost our money we paid in front for buying and delivering our Titan's ?

Thanks in front for answering dear fellow miners ......

suzukii

full member

Activity: 161

Merit: 100

Quote from: cryptomole on October 26, 2014, 03:37:47 AM

Quote from: notbatman on October 25, 2014, 02:25:14 PM

Quote from: xhomerx10 on October 25, 2014, 11:29:58 AM

Quote from: notbatman on October 25, 2014, 10:49:16 AM

Quote from: AussieHash on October 25, 2014, 08:27:03 AM

Quote from: cryptomole on October 25, 2014, 05:56:57 AM

FYI
I have just made a complete copy of the whole KNC Forum! I will keep it updated day by day.

Since they no longer need nor want consumers any more, it makes sense that they'll take down their forum like cointerra.
http://www.reddit.com/r/Bitcoin/comments/2k73h2/knc_becomes_mining_corporation_and_stops_selling/

if we all work together WE CAN do something about this!
BUT if we just complain about the injustice we will have completely lost our money and KNC will sail into the sunset with their ill gotten gains!
As I say - we need to pool resources and work together - we should sort out a dedicated platform for anyone interested in pursuing this.
I have talked to 5 different lawyers - in the US - in the UK and in Sweden
It seems we have a good case both as consumers and business customers.
I am prepared to follow up and continue research and progress things with the help of others if others are committed to this course of action.
Otherwise we have definitely lost our investment

Please indicate if you want to work together and be involved in a group action against these guys?
If nobody is really going to do anything I will just pursue this on my own - But Im NOT going to sit down and let them get away with this!

Hi.Count me in. Since my becoming a new dad & working almost 17 hours a day, (this includes travel time, 1.5 hours drive in each direction), I don't have the time I used to in reading & keeping up with the forums. I still have my Neptune batch 2 just sitting in a box that it arrived in back on Sept. 2nd even though I tried to get a refund since mid april 2014.
I was contacted by that law firm trying to setup a class action suite. Here's the link: kncclassaction.com.
I don't know what else to do. If there's an alternative then count me in.
-Suzukii.

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Quote from: cryptomole on October 26, 2014, 03:37:47 AM

if we all work together WE CAN do something about this!

Enthusiasm is good but you also need a plan.

Would you like to comment on my earlier post https://bitcointalksearch.org/topic/m.9289612 on the subject of organizing group legal action against KNC ?

cryptomole

newbie

Activity: 53

Merit: 0

Quote from: notbatman on October 25, 2014, 02:25:14 PM

Quote from: xhomerx10 on October 25, 2014, 11:29:58 AM

Quote from: notbatman on October 25, 2014, 10:49:16 AM

Quote from: AussieHash on October 25, 2014, 08:27:03 AM

Quote from: cryptomole on October 25, 2014, 05:56:57 AM

FYI
I have just made a complete copy of the whole KNC Forum! I will keep it updated day by day.

Since they no longer need nor want consumers any more, it makes sense that they'll take down their forum like cointerra.
http://www.reddit.com/r/Bitcoin/comments/2k73h2/knc_becomes_mining_corporation_and_stops_selling/

"Suppose we find out that Monopoly Mining Inc. is evil... then what?" lol

Seriously, where have you been hiding? They ARE!

I've been hiding in the Black Arrow thread, signed up an X3 right after the Jupiter shipped; still waiting almost a year later. Cry

if we all work together WE CAN do something about this!
BUT if we just complain about the injustice we will have completely lost our money and KNC will sail into the sunset with their ill gotten gains!
As I say - we need to pool resources and work together - we should sort out a dedicated platform for anyone interested in pursuing this.
I have talked to 5 different lawyers - in the US - in the UK and in Sweden
It seems we have a good case both as consumers and business customers.
I am prepared to follow up and continue research and progress things with the help of others if others are committed to this course of action.
Otherwise we have definitely lost our investment

Please indicate if you want to work together and be involved in a group action against these guys?
If nobody is really going to do anything I will just pursue this on my own - But Im NOT going to sit down and let them get away with this!

jadefalke

legendary

Activity: 1456

Merit: 1014

wow that's heavy, even the former Trustworth company's turn into scam, almost no Serious Company
left where you can buy Miner. I feel sorry for the Guys who are still waiting for there Miner ;(

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Quote from: -ck on October 25, 2014, 04:50:37 PM

Quote from: RoadStress on October 25, 2014, 04:34:22 PM

What the fuck is this meaning?

Quote

Due to the relatively young nature of the scrypt mining market we are not currently offering refunds on our scrypt mining products.

What has the scrypt mining market have to do with getting a legal refund? Such morons...

It has everything to do with why they did not offer refunds right from the start - they knew that ASIC mining would kill off scrypt coins and anyone who bought an scrypt ASIC would regret it. Legal or not is a different issue....

They are not as fast as you, just 1 year slower than you to discover that fact Cheesy

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Quote from: Searing on October 25, 2014, 09:00:07 PM

Also other posts state KNC plans to have all Titans out within 3 weeks.....so working or not seems to be the plan by KNC.

They want to pre-empt legal action based on non-delivery.

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

KNC is in propaganda mode. Refunding Titan owners would 'screw the pitch' as the Brit's say. Truth is the victim.

… and all the Titan customers who placed their hope and trust in KNC ...

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Well this guy on KNC forum has not had a lot of luck with their supposed fix of version 1.05 firmware.

http://forum.kncminer.com/forum/main-category/main-forum/65403-review-of-titan-firmware-1-05

Also other posts state KNC plans to have all Titans out within 3 weeks.....so working or not seems to be the plan by KNC.

anyway for those too depressed to even go to check the KNC forums (it is getting harder and harder to read their FUD)

Searing

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

3 day chart speaks for itself https://bitcoinwisdom.com/markets/bitstamp/btcusd

green => hope
red => dispair

Cablez

legendary

Activity: 1400

Merit: 1000

I owe my soul to the Bitcoin code...

It does present a quandary as to where this will ultimately lead, scryptcoins or bitcoin? The future is so clouded, who wants fiat/who wants bitcoin. Can't we all just get along, lol?

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Quote from: -ck on October 25, 2014, 05:29:41 PM

Quote from: Xian01 on October 25, 2014, 05:19:19 PM

Quote from: -ck on October 25, 2014, 04:50:37 PM

they knew that ASIC mining would kill off scrypt coins and anyone who bought an scrypt ASIC would regret it. Legal or not is a different issue....

... I wonder if this ultimately means scrypt based stuff dies off altogether and Bitcoin becomes stronger for it ...

No it won't die off altogether.

Quote from: -ck on March 28, 2014, 09:44:44 PM

Altcoins were developed only so that people could mine on commodity hardware and it be impossible to mine on ~~GPUs~~ ~~FPGAs~~ ~~ASICs~~... oh shit, why do they exist now?

People forget why they got into a movement in the first place and then once they have embraced it they lose sight of it and fail to see when that reason has gone. History has shown time and time again that also-rans like this never die off fully with the early adopters pushing it for ever more, ever hopeful, but ultimately futile.

With tongue somewhat in cheek, this observation seems as true for bitcoin as scrypt coins at the moment.

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: Xian01 on October 25, 2014, 05:19:19 PM

Quote from: -ck on October 25, 2014, 04:50:37 PM

they knew that ASIC mining would kill off scrypt coins and anyone who bought an scrypt ASIC would regret it. Legal or not is a different issue....

... I wonder if this ultimately means scrypt based stuff dies off altogether and Bitcoin becomes stronger for it ...

No it won't die off altogether.

Quote from: -ck on March 28, 2014, 09:44:44 PM

Altcoins were developed only so that people could mine on commodity hardware and it be impossible to mine on ~~GPUs~~ ~~FPGAs~~ ~~ASICs~~... oh shit, why do they exist now?

People forget why they got into a movement in the first place and then once they have embraced it they lose sight of it and fail to see when that reason has gone. History has shown time and time again that also-rans like this never die off fully with the early adopters pushing it for ever more, ever hopeful, but ultimately futile.

Xian01

legendary

Activity: 1652

Merit: 1067

Christian Antkow

Quote from: -ck on October 25, 2014, 04:50:37 PM

they knew that ASIC mining would kill off scrypt coins and anyone who bought an scrypt ASIC would regret it. Legal or not is a different issue....

... I wonder if this ultimately means scrypt based stuff dies off altogether and Bitcoin becomes stronger for it ...

Topic: Swedish ASIC miner company kncminer.com - page 196. (Read 3049514 times)