Author

Topic: Swedish ASIC miner company kncminer.com - page 462. (Read 3050075 times)

legendary
Activity: 938
Merit: 1000
LIR DEV
Guys the garbage KNC is shipping out now is apparently used/faulty hardware from previous RMA's most likely. I would even think some of those parts weren't even soldered on the boards when it was packed up. They just needed to make sure they sent enough parts to make up a full miner rig, that's all. Seriously, how can those little tiny parts fall off like that?

They can't "fall off like that" the 1kg heatsinks and fans were not attached properly and came off rolling around all over the inside of the case smashing bits off.

But you have the manufacturer, the people that actually make the product shipping it in this manner. I could see if they hired high school kids and told them to go box up all that hardware over there and when you are done let me know. When you are dealing with a product that is worth $10,000 you do things right the first way, especially when time is such an evil thing.

Oh I don't disagree that they were badly designed, packed and shipped. Just pointing out that the components didn't just "fall off" they were smashed off. Smiley
Yes indeed they were "Smashed off" in the first shipment, but also in the subsequent shipment, ones where they were tightly wrapped up in bubble wrap, the Caps literally pulled off the pcb's like painter's tape while un-boxing the unit, leaving perfectly good caps fall to the ground or wherever, while the solder and board material is still unharmed...  which to me is empirical evidence someone fucked-up bigtime by ordering used boards to be shipped, or a slight chance the flux bottle was empty or line clogged during manufacture. The Machinery is only as good as the operator.     So, a combo is what I'm sayin' Hot/cold cycle fatigue being a biggie from the farm
**I even bet several non-functional, "seemingly whole" boards could be rejuvenated by spending a few minutes re-touching every solder point on those boards with a cold-heat pen.

Now, I'd even say one might try it on an under-performing october/november board as well because if there was a problem with the machine doing the soldering itself.... like no/little flux, and the problem has "carried on" to subsequent batches... it may fix old problems using the pen to touch up some solder points.....  then now this problem amplified with the mistake of someone there attempting to send us used boards.
Poor Bender.
One has nothing to lose by at least trying it on a "bad board"... just sayin'
legendary
Activity: 3234
Merit: 1221
Guys the garbage KNC is shipping out now is apparently used/faulty hardware from previous RMA's most likely. I would even think some of those parts weren't even soldered on the boards when it was packed up. They just needed to make sure they sent enough parts to make up a full miner rig, that's all. Seriously, how can those little tiny parts fall off like that?

They can't "fall off like that" the 1kg heatsinks and fans were not attached properly and came off rolling around all over the inside of the case smashing bits off.

But you have the manufacturer, the people that actually make the product shipping it in this manner. I could see if they hired high school kids and told them to go box up all that hardware over there and when you are done let me know. When you are dealing with a product that is worth $10,000 you do things right the first way, especially when time is such an evil thing.

Oh I don't disagree that they were badly designed, packed and shipped. Just pointing out that the components didn't just "fall off" they were smashed off. Smiley
legendary
Activity: 3990
Merit: 4597
What do you all think is the future of KnC as the equipment manufacturer (I don't really care about their data center anymore-it is done)?

Obviously, mini Neptune is a stillborn product, considering competitors $3200 price in May for 1.4th.
I think that KnC has to think about hardware and give good engineers there a free rein. I think IT consultants in this organization were a bad influence.
Ditch the preorder nonsense to the dustbin of history and compete on merits of a current product. The crazy thing is that they could have sold Jupiter for 4-5 more months, gradually raising the hash speed to 1-1.4 th and maintaining price competitiveness. Instead, they chose the route which is now proven as disastrous.
I think what they did is sheer madness as they could have continued selling gobs of Jupiters in Dec-April, while building up datorhall on proceeds, if they were so inclined.
legendary
Activity: 1274
Merit: 1000
Personal text my ass....
KnC declared today that their 3TH Super Juniors are safe to run and refuse to issue refunds. My last reply to them, now let the courts decide
Today, 06:27 PM
Originally posted by Kurt
Hi, Provided that all the components are connected properly and that you have 1 PCI-e cable per ASIC board, your miners will of course be safe to run. We understand that due to problems with shipping some components had been damaged, but in resolution additional ASIC boards had been sent to you. It is impossible to assist you further if you will not use the replacement boards to fix your miner. With these additional ASIC boards, you will need to re-assemble your miner and replace the faulty ASIC boards inside the case. I can see that you have a case open with my colleague, he will be able to offer you any assistance you require in order to help you set up your miner.
Thanks for your reply Kurt.


My reply:
I will use your statement that your 3TH Super Jupiters are safe to run and pose no risk when I submit my report to the Consumer protection agency. I will also have a written testimony of a certified technician included which will state and explain in details why those Super Juniors are a danger to run outside a supervised data centre. As KnC refuses to refund the money to customers they have scammed with second hand goods which mostly arrived damaged, it will be a case for the courts to decide.

I hope you don't mind that the press has been informed and I will do my best to get documented testimony from as many of the 400 Super Jupiter as possible proofing that KnC willingly sold faulty second hand parts to customers which do pose a danger. If KnC thinks that in a few days the public will forget about this scandal and your way to get 4.000.000 USD by dumping off used hardware stuff from your data centre onto customers who had supported you since the beginning, you will be wrong.

I hope that no miner will suffer any damage while running your dangerous mining equipment. You have not only lost me as a customer but also lost the respect of the whole mining community. There is no need to post another offer to send back your faulty ASIC board cards for replacement.

I have explained you in detail per email that I do not trust your mining equipment any longer.

As you refuse to refund my money I will do my best to join together with other of the 400 cheated Super Jupiter customers to pursue a lawsuit against KnC.
If they sent you replacement boards; you are compensated in the eyes of the law. I don't see what ground you have to bring it to court. You'd best talk with a lawyer before you waste too much energy on that.
CE certification is required for power supplies, not the components, and since the TOS clearly states you are agreeing you are a business, you are then NOT even a consumer, and are rejected from any "Consumer Protection Laws."

I think he means this.

You buy a new car. It has been determined it has a faulty sensor which makes it not start the car. Instead of the manufacture actually fixing the problem they just sent the user a new sensor. This sensor can be buried within the engine of the car and it should be the users responsibility to have to deal with that. I think this is what he meant. He wants KNC to fix it. Receives box in mail. Opens box. Plugs in, everything works.

legendary
Activity: 1274
Merit: 1000
Personal text my ass....
Guys the garbage KNC is shipping out now is apparently used/faulty hardware from previous RMA's most likely. I would even think some of those parts weren't even soldered on the boards when it was packed up. They just needed to make sure they sent enough parts to make up a full miner rig, that's all. Seriously, how can those little tiny parts fall off like that?

They can't "fall off like that" the 1kg heatsinks and fans were not attached properly and came off rolling around all over the inside of the case smashing bits off.

But you have the manufacturer, the people that actually make the product shipping it in this manner. I could see if they hired high school kids and told them to go box up all that hardware over there and when you are done let me know. When you are dealing with a product that is worth $10,000 you do things right the first way, especially when time is such an evil thing.
newbie
Activity: 15
Merit: 0


Maybe because it costs a lot more to do that than build a cheap ass datorhall with old kit that they can knock out a 10c a dozen?

Fair point. How much do you reckon it would cost to develop the Neptune?
legendary
Activity: 3234
Merit: 1221
1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty, and deception; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue

If KNC made enough money for Boden from original orders (Saturns and Jupiters) why in the world would they need to finance the development of the Neptunes and Titans with preorders?

Maybe because it costs a lot more to do that than build a cheap ass datorhall with old kit that they can knock out a 10c a dozen?
legendary
Activity: 938
Merit: 1000
LIR DEV
1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty, and deception; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue

If KNC made enough money for Boden from original orders (Saturns and Jupiters) why in the world would they need to finance the development of the Neptunes and Titans with preorders?
Because they spent the early profits filling up Boden
Now they ship out the Boden cards out to fulfill Stuper-Jupiter orders, as well as make room for the upcoming Neptunes... and they literally fell apart from being cooked too long. Another thing or angle SuperJupiter recipients could use is the fact they ordered new equipment, and got used equipment instead, so used in fact... they literally fell apart in transit... twice. Even Shipped as a kit, all wrapped up in bubble-wrap, the components literally pull off the board.
At first, we just blamed the wired-on cooling towers, riveded cases, and Saturn NNN hostnames, but now, with the second repacked shipment kits falling apart so easy, still smothered in thermal paste all dusty with no anti-static bags...  
It's reputational suicide. There's no way those are "New" boards. They're cooked.
newbie
Activity: 15
Merit: 0
1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty, and deception; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue

If KNC made enough money for Boden from original orders (Saturns and Jupiters) why in the world would they need to finance the development of the Neptunes and Titans with preorders?
newbie
Activity: 4
Merit: 0
I do appologize for my lacking language skills, furthermore if you can't  comprehend the gist of what i'm trying to say i will try to expand my thoghts on this.

They can mine at DC towards personal addresses (i called it wallets i beg on my knees for forgivness for my bad wording) in parallell with their "official" mining operation. Keeps btc in their pockets, tax free.

Of course they can declare bankruptcy if no one is looking after the BTC,

Summerize the points for DC not to be funded by preorders.

It's not KNC staff embezzling it's the freaking 4 owners that might do this.

I would make it on a nice island for 10 years with 20 000 000 usd,
legendary
Activity: 938
Merit: 1000
LIR DEV
1. No way they can declare bankruptcy whilst declaring "a million kronar a day" in fiat.
2. Embezzle? No need when the deception has been done, and have "a million kronar a day" to wallow in.
3. How does one "embezzle" from a personal wallet thru mining again? (Your #4 makes absolutely no sense mate)
    "There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north."
Huh? Mine with a wallet?  Have you ever mined Bitcoin?

If you meant our money from our preorders...  Well, one could also argue the fact they made plenty from Jupiter and Saturn previously, under decent terms.... plenty enough to cover Boden.  I'm not sticking up for them here, but there's no sense in dwelling on this too much... we in this thread have been over and over this information hundreds of times examining the facts, and your assuming they used preorder money for Boden doesn't hold water.
There's absolutely no evidence of embezzlement here...  dishonesty,deception, and Failure; yes..... embezzlement, no, sorry can't agree.
Embezzlement would be more like a KNC employee or owner siphoning funds to a personal address at KNC's expense... and frankly, I'd give a shit less about that... I'd say then... "Karma is a bitch"  Tongue
newbie
Activity: 15
Merit: 0
Not to collect everyones addresses they are allready in the public blockchain, only identify KNCs

I think it's a wise attempt to atleast be proactive incase they decide to embezzle funds.
1- They are no longer trustworthy
2- They are a company with 1000s of people/customers, so a payout from knc wallet still keeps the anonymity of the people safe.
3- They have started up several different companies on the side and if no one keep taps on the blockchain it will be super easy for them to funnel 10s of million usd away and declare bankruptcy. Not even the government or the law will know what to do.
4- There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north.
5- They built DC with pre-orders money.
6- They are mining more than the 5% that's a breach of contract. Which lowered all miners profits by atleast 10%. Then they pay (after a month or so) refunds with btc that preorders DC allowed them to mine. Basicly raping their so called loyal customers in the ass more than once.
7- Perhaps this helps to find out truly how powerfull the preorder DC really is.
And the list goes on

Summery: probably wise to keep taps on them, and all customers will continue to be as anon as ever.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This thread is currently so spread out that I would prefer further conversation regarding this survey and address collection at a forum dedicated to KNC( http://www.hackmyminer.com/forum/index.php?forum=7)

Question ("From what address did you receive your refund?")
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form
 (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form)
Submitted addresses
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm)

To add to this:

When one asked for a refund and accepted BTC that person probably used a unique address for that transaction. That would've been the proper way to do it and therefore privacy is not really threatened.
hero member
Activity: 535
Merit: 501
EMC
KnC! It's just awful!

You made great processors, but did disgusting thermal design.

1) Coolers without attachments - they do not attach, they pressed case to the processor.

2) Case (a box for cooking barbecue, and not casing) is made of a thin steel sheet, which "walks" under load, making it impossible to fit snugly to the CPU cooler. Why did you only half the ventilation grille at the entrance, and on the fourth on the way out? As a result, the temperature reaches 110C in separate chips.

3) They are really used parts. Traces of thermal paste, mashed contacts.

Two days we fucked in the server by setting your product.
I had to borrow more than half server rack 42U because for any more compact placement begins just a hell of overheating.
Stood beside Cointerra`s device that gave 2TH and occupied five times less rack space. Beautiful design, with thoughtful heat sink and a ready rack design.

That's what I want to ask.

Whether it be replaced with a Swedish quality? Are not you ashamed to do such work - the quality is worse than in the Chinese underground?
newbie
Activity: 4
Merit: 0
Not to collect everyones addresses they are allready in the public blockchain, only identify KNCs

I think it's a wise attempt to atleast be proactive incase they decide to embezzle funds.
1- They are no longer trustworthy
2- They are a company with 1000s of people/customers, so a payout from knc wallet still keeps the anonymity of the people safe.
3- They have started up several different companies on the side and if no one keep taps on the blockchain it will be super easy for them to funnel 10s of million usd away and declare bankruptcy. Not even the government or the law will know what to do.
4- There is nothing that proves that they are not allready embezzling using personal wallets to mine to at "our" DC up north.
5- They built DC with pre-orders money.
6- They are mining more than the 5% that's a breach of contract. Which lowered all miners profits by atleast 10%. Then they pay (after a month or so) refunds with btc that preorders DC allowed them to mine. Basicly raping their so called loyal customers in the ass more than once.
7- Perhaps this helps to find out truly how powerfull the preorder DC really is.
And the list goes on

Summery: probably wise to keep taps on them, and all customers will continue to be as anon as ever.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This thread is currently so spread out that I would prefer further conversation regarding this survey and address collection at a forum dedicated to KNC( http://www.hackmyminer.com/forum/index.php?forum=7)

Question ("From what address did you receive your refund?")
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form
 (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form)
Submitted addresses
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm (https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm)
legendary
Activity: 938
Merit: 1000
LIR DEV
At the current BTC price each $13200 refund is close to 30 coins (29 something). Even if they mine 15% of All mining activity, it is 540-620 coins a day (since difficulty is increasing at ~15%). They will probably not use more than 50% of daily revenue for refunds, I assume, which makes 270-310 coins available. This is comparable with the size of account from which i got the refund (however, I don't think that it is appropriate to share account numbers because you will give out your privacy as well). However, it also means that they will refund ONLY 10-12 machines a day. If someone has 2, then only 6 such people daily.


Would you care to disclose what information  https://blockchain.info/address/ gives?

Number of transactions
Total received
Payments
What's the point? Wont change a thing...  and we pretty much know the answer.
No need to share everyone's wallet addresses either.
newbie
Activity: 15
Merit: 0
At the current BTC price each $13200 refund is close to 30 coins (29 something). Even if they mine 15% of All mining activity, it is 540-620 coins a day (since difficulty is increasing at ~15%). They will probably not use more than 50% of daily revenue for refunds, I assume, which makes 270-310 coins available. This is comparable with the size of account from which i got the refund (however, I don't think that it is appropriate to share account numbers because you will give out your privacy as well). However, it also means that they will refund ONLY 10-12 machines a day. If someone has 2, then only 6 such people daily.


Would you care to disclose what information  https://blockchain.info/address/ gives?

Number of transactions
Total received
Payments
legendary
Activity: 3990
Merit: 4597
At the current BTC price each $13200 refund is close to 30 coins (29 something). Even if they mine 15% of All mining activity, it is 540-620 coins a day (since difficulty is increasing at ~15%). They will probably not use more than 50% of daily revenue for refunds, I assume, which makes 270-310 coins available. This is comparable with the size of account from which i got the refund (however, I don't think that it is appropriate to share account numbers because you will give out your privacy as well). However, it also means that they will refund ONLY 10-12 machines a day. If someone has 2, then only 6 such people daily.
newbie
Activity: 15
Merit: 0
The topic of solvency has been up more than once now. We can't look into their internal fiscal books but we can look at the blockchain. What I propose is that we as a community come together and collect this information. It is known that they are mining like crazy and that BTC refunds are paid out of those operations.

Everyone who has been refunded in BTC now or since the beginning please help the community out by filling out this short survey:

I am a KNCminer customer and I am behind this survey. The sole purpose is to trace how much BTC KNCminer AB is holding.

This thread is currently so spread out that I would prefer further conversation regarding this survey and address collection at a forum dedicated to KNC( http://www.hackmyminer.com/forum/index.php?forum=7)

Question ("From what address did you receive your refund?")
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewform?usp=send_form

Submitted addresses
https://docs.google.com/forms/d/15ocLT4yelsQ3TQ59R2x4-TsKXULdAfPB1V6zXrJX-s0/viewanalytics?usp=form_confirm

Edit:
Links to this survey have been posted at links below, by me.
sr. member
Activity: 314
Merit: 250

These guys used to be so good, what the hell happened? 


Its very unfortunate to see this happen! - they earned so hard the trust from a big number of customers and they manage to burn it ...
Even the shipping that was ~170 USD for the Jupiter or Netptune is now double the price. They are asking 300 USD to ship my hosted machine back ...
member
Activity: 68
Merit: 10
if you have some card that came broken from your frankenjup to sell, please pm me.
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