Topic: Swedish ASIC miner company kncminer.com - page 439. (Read 3050075 times)

Yeah I bought a titan a while back and I am regretting it. I would 100% take a refund if it was possible. I did some searching but mostly the good news about their previous product was shining through at the time plus obviously I was stupid and didn't look hard enough.

Because they don't expect it to give you 24BTC might not even mine 12BTC

If I could pay 12btc for a miner and mine 24btc by this miner, then I will be much happier then receive refund, I got 24btc mint and a miner, so why are you refund?

i call today for knc and they say 1 week have refund all people ask

Congrats.  Good deal

Time for me to chime in.

I placed an order on Dec. 5th for a Neptune, and paid BTC11.7595 for it. On May 7th, I asked for a BTC refund VIA email, and got a quick reply from KNC stating that they would begin the refund process. I exchanged a few more emails with them between the 7th and the 12th, and on the 13th I was refunded BTC29.2039.

Overall, I could not be happier with my experience. The whole thing was painless, and I made a lot more BTC than I would have by mining with the hardware. I see it as a very high interest loan to KNC.

damn. busted. OK, i'll roll back to September, but that's my final offer. 

I think you are getting ahead of yourself, June and August are the expected shipping dates! Oh and I should mention again KNC's own words (if anyone actually has paid attention - Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release (we reserve the right to increase this as we get closer to shipment)"

So you're welcome to back at Christmas time!

i'll check in with you at christmas time and find out how they are  

Cool, more Neptune miners for me then!

.ps next round of BTC refunds incomming. Peace

Make short, they may be don't have scrypt miner chip by their own yet, they may be just buying from other company, and start to mining already, and as some one wrote in this thread, they may  be won't ship any thing until they decide to release a refund to every preorder business mate who contribute their mining farm~  

But they might ship you miner with sweet spec that they claim on 14/5 news, with in 2 weeks, then I would say only coagulation you~~

Bit of a circle jerk going on in here again …

Audentes fortuna iuvat

The Avenger > respect for your words!

I would strongly discourage you from buying a Titan.  The likelihood of you losing a lot of money is very high. 

First of all, just think about it.  You're paying $10k.  That's 2-3x as much as a high end bitcoin miner to hash for coins worth a fraction of the value.  Right now, the bitcoin hashrate is 75,256,195 GH/s.  The litcoin hashrate is only 237,224 MH/s. You can already buy a Gridseed blade and hash at over 5MH for less than a $1000.  That's why the difficulty is rising so fast, and will continue to do so.    KnC is a very smart company as you can see from this thread.  When they complete the first Titan units they will mine with those 300MH units before they are shipped sending the difficulty through the roof.  They're selling (or sold) 2500 first batch units.  Those units by themselves will TRIPLE the current litecoin hashrate. 

That's why the Titan has a strict no refund policy.  With the scrypt asics already proliferating it's very possible these machines won't get a + ROI by the time they are released.  And when the first of these units comes online, the rest of the units will depreciate so fast it will make bitcoin mining look good by comparison

The simpliest way to look at it is there is no refunds for Titan. You are basically giving your money to KNC to do whatever they want with it and you cannot get it back. That's a phenomenal risk to take.

If there are delays, then you have no way to get your money back. If they don't ship it until 2016, then there is nothing you can do.

There are already companies shipping asic scrypt miner. Take a look at their offerings. 300gh might look tempting, but not if you get it in 2016. It'll be worthless.

Think this is impossible? BFL have done this multiple times and KNC are very close friends with BFL. I'm sure KNC have being exploring the legality of missing their stated deadlines, so they probably know they can get away with it if their T&C's are worded correctly. The solution with Neptune is to offer datacentre hashrate rather than the actual goods, so they can legally maintain the customer is not losing out.

If you've kept up with this thread, it should be very obvious KNC are not a trustworthy company. You have seen the pictures of those shitty Frankenjups KNC shipped, right? And how they dealt with people, pulling out bits from their T&C's to insist they own no one anything. Many people still haven't got 3TH yet and KNC's 90 day warranty for Frankenjups is getting closer to expiring! What then??

Also remember - scrypt coins are not bitcoin. In Q3, doge could be dead and gone. Litecoin difficulty will be sky high. It's a massive gamble to lay down $10k - the same price as a btc miner - to mine coins worth only a fraction of btc value. People's trust is in Bitcoin - scrypt coins - not so much.

I say Q3 but Q4/2015/2016 are quite possible shipping dates too. If you buy into a "no refunds" product, you have to wait. KNC don't care if you make a profit. They are only interested in taking your money, fulfilling the bare minimum of their obligations and then telling you to fuck off. KNC will make sure they benefit from their technology before you do, it's obvious from building their ASIC datacentre.

In short, KNC have shown nothing but contempt for customers since last October. This year they reach new all time high of deviousness and greed. I would say it's total insanity to order a Titanic from them. They have screwed EVERY SINGLE one of their customers - new and old - with the datacentre. They are competing against the people who gave them the money to exist. The datacenter ensures that Neptune customers are going to get a very poor return on their investment.

That makes them completely untrustworthy. Your money will go to building them a scrypt mining datacentre. You will probably get a product sometime in the future, but most likely when it's no longer profitable.

And your calculations of making your money back in a month are just wrong. There is no way you can make any realistic calculation on what 300gh will be earning in September and September is best case scenario. You need to factor in you are dealing with greedy fraudsters, so September needs to become December or January or April 2015, as a factor of safety. And there is no way you can estimate what earnings will be then.

No one can stop you from buying a Titanic. Maybe KNC will ship it in two weeks and you'll earn a kazillion dollars. I'll leave it to others to convince you how great a Titanic is and how rich you will become. But from my experience of KNC and seeing how they have acted since last October, my feeling is anyone investing in it will lose and only KNC will win. It's their business, they have your money and you have zero power or rights in the deal. Caveat emptor and all that shit.

I agree, and think that people who get on her to say 3TH/s "WHAT!!!" that's too low! Should STOP IT, and go read the print because it there for you to read. LOL

I WANT TO REFUND MY BROKEN SUPER CRAPITER

how much for an hour's rental mining X11?

Done! Only $15m price tag. Should break-even by doomsday

http://www.bbc.co.uk/news/science-environment-27264552