Topic: Swedish ASIC miner company kncminer.com - page 2064. (Read 3049521 times)

kncminer.com webpage is not in line with EU legislation - no Terms and conditions, no registered VAT number, no Terms of payment...
And, as SebastianJu said, EU law is very strict about this.

The last update around Jupiter is the price. We previously stated that it would be between 7000 and 8000 USD per device. The final component costs are all in and we can confirm that the price will be 6995 USD.

But wouldnt they need to add it when they offer it to swedish citizens? In germany such error could lead to high fees from lawyers... these kind of lawyers only would wait for such an error to earn some money.

I received a message today from KnCMiner regarding my 1-500 pre-order. I haven't heard anything since first placing the order and almost forget about it. Apparently, I didn't create an account but they were kind enough to remind me before opening up official orders.
..snip...

One should considerate too that kncminer arent the only one working on second generation. Bitfountain (Asicminer) is working on it and avalon wont bring out any new miner because they want to focus on next generation ASIC's now... and those 2 companies already know how to solve the problems that appear when building a miner... something that BFL till now wasnt able to overcome... so i see the possibility that kncminer could become problems... On the other hand... when they will have a working miner some day... they will sell for sure.

That's all well and good, as long as we actually hear from KnCminers. Their last update was about two weeks ago, I hope things are going well over there, I want to throw my money at them!

Hi,

You are being contacted because you have previously expressed an interest in our products at www.kncminer.com. We would like to take this opportunity to tell you as one of the first 500 registered addresses you will soon be able to complete you order for our products.

We have however noticed that you have not created an account at our site. In the next few days we will be opening up the order books for payment and we will be granting you exclusive access to purchase the first 500 of either Jupiter or Saturn.

All you have to do today is create an account at our site. Simply fill out the little form at https://www.kncminer.com/registration.aspx (No money will be taken today)

Once you have created an account we will upgrade it over the next few days to allow you to see more items in our catalogue. This will allow you after you have logged in to see the 1-500 products again. You will then be able to finally guarantee that you receive one of the first miners from KnCMiner.com

There are some simple rules that you will need to follow to make sure everything goes smoothly
 
1.  You must create the account with the email address you have previously used when you registered for the device.

2. You can only order up to the maximum number of devices you have place a pre-order for. Any orders over that amount and they will not be guaranteed to be shipped in the first 500.

3. Once we open for payment you will have 7 days to pay for the miners or you will lose your place in the queue.
 
Right now you have a golden ticket to be among the very first to purchase one of our miners, come and register an account today

Thanks,

KnCMiner team

That's all well and good, as long as we actually hear from KnCminers. Their last update was about two weeks ago, I hope things are going well over there, I want to throw my money at them!

You're right.
 (corrected post)
Although VAT must be included in EVERY price advertised in EU, it can be deduced if goods are shipped outside EU.
http://www.hmrc.gov.uk/vat/managing/international/exports/goods.htm
The link is for UK, but I think rules are the same for all EU countries.

Well, fortunately the Avalon chips are not particularly efficient or hi-tech, and KNC represents the first of the 2nd gen tech. So when enough 2nd gen stuff comes online it won't be profitable for the 1st gen anymore. Plus it's gonna take a lot longer than people think for those chips to turn into working miners, not to mention just to show up.

I'd be surprised if we saw much impact from them before the first of the year.

In any case, we should all be very glad that we're at all into mining when bitcoin are still able to be mined cheaply and plentifully, before mainstream uptake of bitcoin has happened. Trying to mine four years from now would perhaps be a much riskier endeavor, and we won't be talking about ROI in terms of months. It'll be the more standard years by then, and barrier to entry won't be in the mere thousands but more like tens of thousands like starting any mainstream business.

The days are young yet, and it's a good time to mine. We are neo-49er's, COIN RUSH!

Imagine the poor guy who comes of age 20 years from now, who will look back jealously on this historical epoch and the people able to mine now. When 25 bitcoin will be a fortune. We're like the first employees at microsoft who didn't realize they were soon to all be multi-millionaires. That's how I feel. Bill Gate's secretary was eventually worth $40 million iirc

There is a forum thread where someone found out the address where avalon sends all the payments for 10k chips to... its quite a bunch of TH till now...

I was under the impression that VAT didn't apply if the product was being shipped out of the EU?  Was that totally wrong?  (I'm in the US)

I believe youre right and thats why they didnt include the vat in the price... though i wonder... in germany its so that you have to include the vat, otherwise you go against the law. I thought it goes the same way in sweden too.

The big worry is who the unknown players are. Yifu himself said at the recent Bitcoin '13, there could be wealthy vc's developing their own asics for their own use and if they started in Feb, you wouldn't know for a few months before coming online. So their potential impact is a huge question mark until asics are truly distributed in the wild that could negate their centralisation. In essence a 51% is feasible until enough competition exists.

Yifu himself is selling 10's of thousands, but to whom outside this forum, no one knows!!?

I like the idea of using French to point out errors in English. Très bien!

Au contraire! The rest of the clan may not be well-versed in English, but the person who sent the reply of which I quoted--Samuel James Cole--was born and raised in the UK, hence pointing out the faux pas.