Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
bobq
on 21/03/2014, 02:37:23 UTC


*In Q2/Q3/Q4. All cinema tickets must be pre-ordered 6 months in advance

Classic!

Here's my theory on these guys - they used neptune pre-order money to pay for DC. Cat got out of the bag that they weren't close to getting said tunes out the door. Refund madness occurred. They needed more cash to pay for DC, so neptunes went on sale again. Nobody bought them because we're just not that stupid and learned how to do math. Bummer, what to do? The offer scrypt miners for 10G and no refunds. That way they've got the money and don't have to give it back when new people learn how to do math. Bonus smartness comes in when they will convert neptune orders that had the possibility of a refund over to the new "terms and conditions" of no refund scrypt miner. The last bit stinks of Hashfast.

Seriously, who is running the business over there? Do these companies all get together in some bar or strip club and compares notes?

That's exactly also my theory.
Add to this that with no refund possible and their right to delay shipping as much as they want, they may end up never sending you anything at all, and still owing you nothing. Look at their Terms. You send them 10k but they have no obligation to deliver you anything for that. You have to just hope that they will.
Yes, they've likely spent part of the Neptun pre-order money for things that has nothing to do with the Neptun (their mining farm), they've got in trouble with the refunds and so they came out with this new project, which is so well defined that they even can't tell which will be Titan's power consumption.