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Topic: Swedish ASIC miner company kncminer.com - page 2036. (Read 3049499 times)

legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
Hi , their TandC concerns me .. they are a few escape clause they could use for not refunding you, how would paypal react in such a case since you agreed to their T&C? Here is what I copy from another thread.

" 8.2  Where delivery is delayed due to any of the circumstances constituting force majeure in accordance with 11 below or due to any act or omission by the Purchaser, the delivery period shall be extended by such a period as is reasonable in light of the circumstances.  The delivery period shall also be extended where the cause of the delay arises after the expiry of the originally agreed delivery period.

 11. Force Majeure

11.1 KnCMiner is exempted from fulfilling its obligations under this Agreement and is entitled to cancel the Purchaser’s confirmed orders without any liability, in the event of force majeure such as strikes, floods and fires, wars, riots, interruptions in transport, shortage of material or energy sources affecting KnCMiner or its sub-suppliers, accidents or other occurrences which affects sub-suppliers’ production, bankruptcy or compulsory liquidation of a sub-supplier, accidents of any kind, governmental decisions which affects manufacturing or use of the Products and, in general, such events that were unforeseen at the time of the order which prevents or hinder manufacturing, transportation or delivery of the Products to the Purchaser.



9.2  Termination and rescission under this section shall not under any circumstances give rise to any obligation for KnCMiner to pay compensation to the Purchaser, and does not restrict KnCMiner’s possibility to claim damages or other economic compensation due to the event which justified KnCMiner to terminate the order or the Agreement. "





I'm not a lawyer but pay attention to the wording "and is entitled to cancel the Purchaser’s confirmed orders without any liability" I believe there trying to limit the liability if they don't deliver, however I do not believe this allows them to simply keep the money. It does however seem very clear that they can cancel that order for whatever reason, but would imply that one could receive a refund... Again, I'm not a lawyer on this, but I think that is what this is trying to state... Anyone know any lawyers you can run this across??

I'm not a lawyer, but my wife is.

This is a pretty standard disclaimer. It doesn't stop you from seeking remedy, and it doesn't absolve them of financial liability altogether either. It's a wartime clause, essentially. If the factory gets bombed you can't hold KNC responsible for being unable to deliver. That sort of thing. I've seen very similar clauses in a number of contracts involving international commerce, and you'll see more of it as the world goes more mad.

If a corporate officer has stated that refunds will be issued, and under what terms, that should supercede this clause in that specific scenario, while still covering their ass in the event of disruptions beyond their forseeable control. I don't find it troubling. Granted, I don't (yet) have any skin in the game.
full member
Activity: 196
Merit: 100
Hi , their TandC concerns me .. they are a few escape clause they could use for not refunding you, how would paypal react in such a case since you agreed to their T&C? Here is what I copy from another thread.

" 8.2  Where delivery is delayed due to any of the circumstances constituting force majeure in accordance with 11 below or due to any act or omission by the Purchaser, the delivery period shall be extended by such a period as is reasonable in light of the circumstances.  The delivery period shall also be extended where the cause of the delay arises after the expiry of the originally agreed delivery period.

 11. Force Majeure

11.1 KnCMiner is exempted from fulfilling its obligations under this Agreement and is entitled to cancel the Purchaser’s confirmed orders without any liability, in the event of force majeure such as strikes, floods and fires, wars, riots, interruptions in transport, shortage of material or energy sources affecting KnCMiner or its sub-suppliers, accidents or other occurrences which affects sub-suppliers’ production, bankruptcy or compulsory liquidation of a sub-supplier, accidents of any kind, governmental decisions which affects manufacturing or use of the Products and, in general, such events that were unforeseen at the time of the order which prevents or hinder manufacturing, transportation or delivery of the Products to the Purchaser.



9.2  Termination and rescission under this section shall not under any circumstances give rise to any obligation for KnCMiner to pay compensation to the Purchaser, and does not restrict KnCMiner’s possibility to claim damages or other economic compensation due to the event which justified KnCMiner to terminate the order or the Agreement. "





I'm not a lawyer but pay attention to the wording "and is entitled to cancel the Purchaser’s confirmed orders without any liability" I believe there trying to limit the liability if they don't deliver, however I do not believe this allows them to simply keep the money. It does however seem very clear that they can cancel that order for whatever reason, but would imply that one could receive a refund... Again, I'm not a lawyer on this, but I think that is what this is trying to state... Anyone know any lawyers you can run this across??
sr. member
Activity: 407
Merit: 250
legendary
Activity: 1036
Merit: 1001
/dev/null
28K. Brilliant.
Was happy I paid 1 Saturn Smiley

.)) yes, same here.
hero member
Activity: 644
Merit: 500


Wonder if i am going to a be a bagholder in the end Smiley

28K. Brilliant.
Was happy I paid 1 Saturn Smiley
hero member
Activity: 602
Merit: 500


Wonder if i am going to a be a bagholder in the end Smiley
legendary
Activity: 1036
Merit: 1001
/dev/null


and waiting now.(
sr. member
Activity: 407
Merit: 250
If the miner ever arrives, I'll be using this http://www.newegg.com/Product/Product.aspx?Item=N82E16817139014
Single rail is the best choice

Remember 1000 watt power supplies add $200 per jupiter

did they say what type yet?  

wouldn't be wise to go cheap on it considering you want some very stable rails

this ones could be right choices for jupiters, too.

http://geizhals.de/pc-power-cooling-silencer-mk-iii-1200w-atx-2-3-ppcmk3s1200-a820697.html?v=l

http://geizhals.de/zalman-zm1250-platinum-1250w-atx-2-3-a819265.html?v=l

http://geizhals.de/enermax-maxrevo-1350w-atx-2-3-emr1350ewt-a655182.html?v=l

at the moment i prefere the first one with 7 years of warranty

http://www.ocaholic.ch/modules/smartsection/item.php?itemid=824
hero member
Activity: 635
Merit: 500
I could called them. I spoke with Andreas, he was very helpfull.  Smiley
sr. member
Activity: 407
Merit: 250
How can you call them? The tel number wich has given is not working for me...Huh


not only for you, i think they have paused the number in some way, because they are extremly busy.
Write them if you habe real issues. Sam i really answering every mail. I got 3 today from him with question i asked him an thursday and yesterday.
They are extremly busy and of course they need to take much time for the opendays and preparation for the opendays.
 
newbie
Activity: 47
Merit: 0
Hi , their TandC concerns me .. they are a few escape clause they could use for not refunding you, how would paypal react in such a case since you agreed to their T&C? Here is what I copy from another thread.

" 8.2  Where delivery is delayed due to any of the circumstances constituting force majeure in accordance with 11 below or due to any act or omission by the Purchaser, the delivery period shall be extended by such a period as is reasonable in light of the circumstances.  The delivery period shall also be extended where the cause of the delay arises after the expiry of the originally agreed delivery period.

 11. Force Majeure

11.1 KnCMiner is exempted from fulfilling its obligations under this Agreement and is entitled to cancel the Purchaser’s confirmed orders without any liability, in the event of force majeure such as strikes, floods and fires, wars, riots, interruptions in transport, shortage of material or energy sources affecting KnCMiner or its sub-suppliers, accidents or other occurrences which affects sub-suppliers’ production, bankruptcy or compulsory liquidation of a sub-supplier, accidents of any kind, governmental decisions which affects manufacturing or use of the Products and, in general, such events that were unforeseen at the time of the order which prevents or hinder manufacturing, transportation or delivery of the Products to the Purchaser.

9.2  Termination and rescission under this section shall not under any circumstances give rise to any obligation for KnCMiner to pay compensation to the Purchaser, and does not restrict KnCMiner’s possibility to claim damages or other economic compensation due to the event which justified KnCMiner to terminate the order or the Agreement. "

Isn't this a veeery normal thing to have in such an agreement?
hero member
Activity: 635
Merit: 500
How can you call them? The tel number wich has given is not working for me...Huh
KS
sr. member
Activity: 448
Merit: 250
@dan99:

Yep new definition for Force Majeure: "just whatever and we don't have to pay you or ship you anything AND we can still sue you for damages".

They take the money and assume no responsibility.
legendary
Activity: 2912
Merit: 1060
How's this compare to the frostbit ;-)
KS
sr. member
Activity: 448
Merit: 250

...

I'm very sure they've collected over a million dollars in the past few days. I'd venture to say that they are more than "Barely" Functioning.

...

Agreed. I'd estimate that they've received several million dollars:

- over 1000 orders
- assume at least 500 are paid

Even with just single Saturn orders, this comes out to $1.9m. With Jupiter or multiple orders, it could be 2-5x that much. They've got plenty of incentive to not screw up and risk cancellations (or at least CC disputes).

B.F.L.

A few good things about KNCMiner:
KNCMiner seems to have a way better relationship with the community than BFL has.
They are partnered with an actual ASIC design firm with real talent.
They developed a prototype (based on FPGAs) without taking customer money. They are developing the ASIC chip(s) in parallel (according to KNC) without taking customer money.

I am skeptical, but I am also hopeful and optimistic.

Hopeless is more like it Wink

There's no reasoning some ppl. They've pretty much demonstrated they're a kludge business-wise (ORSoC taking care of engineering is the better thing), made false claims (did you know that KNCMINER was really registered in mid-may?) and whatnot.

Though it does not demonstrate they will run away with your money, nor fail shipping a miner, it just shows the kind of ppl they are. Whether you want to support those kind of behaviors is up to you but it's really not helping to keep ppl honest around here, and will just help attract MORE scammers.

Everyone should take a deep breath and just wait for someone to actually ship sth before throwing money at the first passerby. But good luck seeing that happen...
sr. member
Activity: 407
Merit: 250
Next mail from Sam (VAT percentage question, EU germans, private buyers).
Note: (Other EU countries have other VAT percentages)

my question:

Quote
So if i pay now  and if at delivery time you have reached the 100000€, there will be a 6% refund from you? 25%-19%

Answer from sam:
Quote
Hi

Technically that is true but we are over already so its 19% now for all unpaid orders

Sam
sr. member
Activity: 406
Merit: 250
Hi , their TandC concerns me .. they are a few escape clause they could use for not refunding you, how would paypal react in such a case since you agreed to their T&C? Here is what I copy from another thread.

" 8.2  Where delivery is delayed due to any of the circumstances constituting force majeure in accordance with 11 below or due to any act or omission by the Purchaser, the delivery period shall be extended by such a period as is reasonable in light of the circumstances.  The delivery period shall also be extended where the cause of the delay arises after the expiry of the originally agreed delivery period.

 11. Force Majeure

11.1 KnCMiner is exempted from fulfilling its obligations under this Agreement and is entitled to cancel the Purchaser’s confirmed orders without any liability, in the event of force majeure such as strikes, floods and fires, wars, riots, interruptions in transport, shortage of material or energy sources affecting KnCMiner or its sub-suppliers, accidents or other occurrences which affects sub-suppliers’ production, bankruptcy or compulsory liquidation of a sub-supplier, accidents of any kind, governmental decisions which affects manufacturing or use of the Products and, in general, such events that were unforeseen at the time of the order which prevents or hinder manufacturing, transportation or delivery of the Products to the Purchaser.



9.2  Termination and rescission under this section shall not under any circumstances give rise to any obligation for KnCMiner to pay compensation to the Purchaser, and does not restrict KnCMiner’s possibility to claim damages or other economic compensation due to the event which justified KnCMiner to terminate the order or the Agreement. "



sr. member
Activity: 407
Merit: 250
Got an email from sam a few minutes ago with an answer for the EU thresholds and EU VAT:

Quote
Hi
 
Yes you will have to pay the German VAT unless you have a German VAT number
 
But we will sort this out in the next few weeks with you if that’s ok as you have already paid, we have to take 25% for the first 100,000 Euros per year we are over that now so it will all be 19% from today onwards
 
We will contact you bout this unique situation at a later date if that’s ok
 
Sam
member
Activity: 83
Merit: 10
Remember 1000 watt power supplies add $200 per jupiter
anybody know how much to ship to US? Is PSU included with Saturn ($3795 price)

For me the only US ship option was UPS Next Day for ~$130.  Haven't pulled the trigger yet but it does seem somewhat promising.  Even if I never order I hope they don't pull a BFL.
yeah that BFL scene really sucks! I called them in Dec, decided not to buy went with BTCFPGA instead - having paid with a CC was very reassuring. Still waiting on Avalon B2.

reasonable shpng. they do take CCs, right (thru PPal)?
sr. member
Activity: 410
Merit: 250
Remember 1000 watt power supplies add $200 per jupiter
anybody know how much to ship to US? Is PSU included with Saturn ($3795 price)

For me the only US ship option was UPS Next Day for ~$130.  Haven't pulled the trigger yet but it does seem somewhat promising.  Even if I never order I hope they don't pull a BFL.
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