Author

Topic: Swedish ASIC miner company kncminer.com - page 460. (Read 3050075 times)

legendary
Activity: 1894
Merit: 1087
are we going to sue these guys or what?

I'm currently discussing this issue with a lawfirm in Sweden. Once I receive their legal opinion, I'll post it here.

keep me informed mate, cannot believe theyre the new bfl
legendary
Activity: 1274
Merit: 1000
Personal text my ass....
31 days after my Refund request Anna keep rolling the same " it will be transferred in few weeks" .

One month lies and BS.

Is it sure that the bank accounts of KNC are still not blocked by Swedish government?

Something start smell here. 1 Month for refund is really a lot, even for cheap bastards like KNC.

Just to remind you guys:

Don't send any Money to KNC. Don't buy any nonrefundable hardware from them.

KNC is SCAM NOW and they going to score Fraud of 2014. Hold on for Q5

Request for a BTC refund instead as they are offering that as an option now.

BTC refund will not work for our Tax office in UK.
All we want is this transfer started finally how they promised when we pay for the product:

"All Refunds will be refunded in dollars and you can refund till shipment"

Are we doing something wrong KNC?

Then you get it to work. That's a lame excuse. BTC refund won't work because of taxes issuses. Get your BTC back, get it back in cash. Then make appointment with your IRS and ask them how to proceed. You'll have them going in circles for months they'll never get back to you and you'll be covered from the paper work you have trying to make it right.
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
So what happened to that old argument... "ROI is only when you earn your original BTC investment back"? I paid just over 10 BTC not $10,000.

I have 18 working boards from the first batch that hash at ~2.5THs. I also bought 2 extra controllers (PSUs and heatsinks for another ~$2000 invested) so I can run another 12 boards from the second shipment. I'm just waiting for some IDC ribbon cables to be delivered. Hopefully I can cherry-pick enough boards to get another ~2THs.

I haven't done the math but I should be able to get close to a positive ROI at some point in the future. The biggest downside to ROI is the resale value of these fragile hunks of crap. Unless it's a local delivery, I don't see much chance of ever being able to resell them.

What happened to the equally old argument of taking the BTC refund and getting 2X your initial investment right now?  Wink   

Lol, point taken! But a refund was not an option for me at the time as they were offering bank transfer only for small orders which I did not want. I would have taken a BTC refund though if it had been offered.
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
So what happened to that old argument... "ROI is only when you earn your original BTC investment back"? I paid just over 10 BTC not $10,000.

I have 18 working boards from the first batch that hash at ~2.5THs. I also bought 2 extra controllers (PSUs and heatsinks for another ~$2000 invested) so I can run another 12 boards from the second shipment. I'm just waiting for some IDC ribbon cables to be delivered. Hopefully I can cherry-pick enough boards to get another ~2THs.

I haven't done the math but I should be able to get close to a positive ROI at some point in the future. The biggest downside to ROI is the resale value of these fragile hunks of crap. Unless it's a local delivery, I don't see much chance of ever being able to resell them.

What happened to the equally old argument of taking the BTC refund and getting 2X your initial investment right now?  Wink   
hero member
Activity: 728
Merit: 500
Thanks so much.
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
Where did you buy those ribbon IDC cables?

eBay. There's a thread on the KNC forum with links. I tried to order them without advice and got the wrong ones. Cost me over a week of hashing time. So be sure to use the links in the thread.

http://forum.kncminer.com/forum/main-category/hardware/41901-kurt-idc-ribbon-cable-specs
hero member
Activity: 728
Merit: 500
Where did you buy those ribbon IDC cables?
hero member
Activity: 784
Merit: 1004
Glow Stick Dance!
For what its worth....

After a week Super Jupiter Mining there is the first btc.

Forget about ROI.

Only 21 more BTC to go before you get to Zero!!

18 more months and you are good to go!!

Let this be a warning to everyone else GET YOUR REFUND NOW!!

So what happened to that old argument... "ROI is only when you earn your original BTC investment back"? I paid just over 10 BTC not $10,000.

I have 18 working boards from the first batch that hash at ~2.5THs. I also bought 2 extra controllers (PSUs and heatsinks for another ~$2000 invested) so I can run another 12 boards from the second shipment. I'm just waiting for some IDC ribbon cables to be delivered. Hopefully I can cherry-pick enough boards to get another ~2THs.

I haven't done the math but I should be able to get close to a positive ROI at some point in the future. The biggest downside to ROI is the resale value of these fragile hunks of crap. Unless it's a local delivery, I don't see much chance of ever being able to resell them.
hero member
Activity: 744
Merit: 514
gotta let a coin be a coin
never roi i think which pool?
mining?

Swimming.

I get you are upset with KNC so say your peace and move on. In society people who get upset about something and do nothing but get in other peoples faces who are somewhat or satisfied suffer from some form of mental instability and need to be treated. Are you one those people Joeventura?

I don't mind if this post get yank from this thread but to be honest all your posts fear monger posts should stripped out too, and not just from this thread but all the other threads too, unless Admin believes in allowing unstable people to have free reign of this site.


It's called civil discourse and all opinions are welcome in bct. There's an ignore button if you don't like someone, but that's no fun. If you want sunny side up KnC love then go hang out in their forums. PPL are pissed there, too, but they tend to ban and delete posts they don't like. This thread is fairly civil. If you want to see some serious disfunction you should check out a BFL thread. I pity those folks.

Just chill, relax and enjoy the discussion. Smiley
full member
Activity: 210
Merit: 100
First I wait for their solution.

If not, second, I go in person to Sweden to discuss this.

(see my earlier post about visiting in person, are you in Belgium, the Netherlands or Germany? Come on, take some broken KNC cards and your bill and fly with me. I leave from Zaventhem/Brussels)

Third, count me in the lawsuit.
hero member
Activity: 910
Merit: 1004
buy silver!
are we going to sue these guys or what?

I'm currently discussing this issue with a lawfirm in Sweden. Once I receive their legal opinion, I'll post it here.

I want in on this lawsuit too
legendary
Activity: 2380
Merit: 1150
are we going to sue these guys or what?

I'm currently discussing this issue with a lawfirm in Sweden. Once I receive their legal opinion, I'll post it here.
legendary
Activity: 1894
Merit: 1087
are we going to sue these guys or what?
hero member
Activity: 854
Merit: 500
For what its worth....

After a week Super Jupiter Mining there is the first btc.

Forget about ROI.

Only 21 more BTC to go before you get to Zero!!

18 more months and you are good to go!!

Let this be a warning to everyone else GET YOUR REFUND NOW!!

FEAR MONGER get off this forum NOW!



LOL Yes be afraid!!
hero member
Activity: 630
Merit: 501
I'm mining at Eligius.
I placed the mining of the Juptiter on a seperate wallet.

Selling the hardware is not a good option, because I want to be a good seller.
(I'm running also a business)

So I hope that KNC helps me out. Otherwise, I bring the cards back to Sweden in person.
I payed 10K so I want the profit or fun from it.....

I agree that KNC should help you out. I am sure they will, I just wish they would be a little more forth coming so that people would understand what's going on instead of making up stories. I suspect though they might have either had a manufacture issue in their own facilities or they decided to outsource it and the company they used did a poor job, either way they should have said something to claim everyone down. Smiley

On a different note I am trying to find out if they are still keeping their words that the speed of the Neptune's may be faster closer to their shipping date; well I think it says something like "they reserve the right to increase the speed the at the time shipping" or something to that affect. Since they do say say that 3TH/s in their recent news update, so I don't know it's confusing to me. LOL
hero member
Activity: 630
Merit: 501
never roi i think which pool?
mining?

Swimming.

I get you are upset with KNC so say your peace and move on. In society people who get upset about something and do nothing but get in other peoples faces who are somewhat or satisfied suffer from some form of mental instability and need to be treated. Are you one those people Joeventura?

I don't mind if this post get yank from this thread but to be honest all your posts fear monger posts should stripped out too, and not just from this thread but all the other threads too, unless Admin believes in allowing unstable people to have free reign of this site.
full member
Activity: 210
Merit: 100
I'm mining at Eligius.
I placed the mining of the Juptiter on a seperate wallet.

Selling the hardware is not a good option, because I want to be a good seller.
(I'm running also a business)

So I hope that KNC helps me out. Otherwise, I bring the cards back to Sweden in person.
I payed 10K so I want the profit or fun from it.....
hero member
Activity: 630
Merit: 501
For what its worth....

After a week Super Jupiter Mining there is the first btc.

Forget about ROI.

Only 21 more BTC to go before you get to Zero!!

18 more months and you are good to go!!

Let this be a warning to everyone else GET YOUR REFUND NOW!!

FEAR MONGER get off this forum NOW!

hero member
Activity: 630
Merit: 501
For what its worth....

After a week Super Jupiter Mining there is the first btc.

Forget about ROI.

Depends what you consider your ROI to be? day, week, month or year?

If you don't count your electricity costs, some people don't pay for hydro, it could walk away with $9500 in a year. This is based on if the difficulty goes up by 30% each round and the price of bitcoin stays at $482 over the process.

The other option would be to sell your rig and put your money into the stock market and watch is crash, at which point you will be dirt poor without more bitcoins than what you have now.


hero member
Activity: 854
Merit: 500
For what its worth....

After a week Super Jupiter Mining there is the first btc.

Forget about ROI.

Only 21 more BTC to go before you get to Zero!!

18 more months and you are good to go!!

Let this be a warning to everyone else GET YOUR REFUND NOW!!
Jump to: