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Showing 4 of 4 results by BoTrigins
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Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
BoTrigins
on 14/05/2014, 15:31:35 UTC
and look at the size of data center, I guess they are have no problem with 20nm chips, only concern is how much benefit they would like to share with us, that's all!

Are you kidding? You were told today that running data center is expensive.
Wher you look at I said running data center is expensive?

The only concern of data center is to get enough miner space and experienced labor and power and network, to work, and I guess the flaw chips were gone to their datacenter, and we call this process "burn in",it used to dig out earlier failur product and enhance next design, of course you can ask knc to ship those board to you, but you will take the chance or risk.

Normal this stage take 3000hour to test, and check the way knc lay miner board, I can told is they are still testing durability and improving design, so this is my point they will burn all cash if they couldn't ship by this month, and imagine that even Apple kind super huge company, they are just invent new CPU once an year, so look back to knc, you should grateful about their giving, personally felt, pre order fund already burned, now they are using their capital to struggling.

If you are earning money from Jupiter last year, just offer help not to refund at while let say a month, then we will have answer!

"“Normally, tests go on for two months. We tested for twenty minutes before we went out with the product. But they work to this day,” says Andreas Kennemar. "
http://www.va.se/special/knc-miner-631834

No 3000 hours there, or this time either.
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
BoTrigins
on 10/05/2014, 19:02:07 UTC
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,
Post
Topic
Board Hardware
Re: [Guide] Dogie's Comprehensive Manufacturer Trustworthiness Guide
by
BoTrigins
on 10/05/2014, 18:50:21 UTC
Thanks for you efforts to do this list!

I'd like to push for an updated rating of KNC, they did a bate and switch of sorts. Also denying refunds, "forcing" people to accept BTC (lol ironic on a crypto site, yet refunds was agreed to be usd). The one that opted for jupiters instead have recieved used garbage and then asa follow up been treated slow and badly. They broke the agreed 5% mining limit. Well there is more but take a peek at the forum and update the rating to whatever you feel is appropriate.

Thanks!
Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
BoTrigins
on 10/05/2014, 17:50:39 UTC
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.

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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)