Its time to put Knc in the category of the worst of crypto, along with Mt. Gox. Now you can say "you've been goxed" or "you've been KnC'd"
it basically means you've been raped.
What KnC has done with the titan, a dishonest manipulative scam that the Federal Reserve would be proud of.
1. They listed Q2 only in an attempt to manipulate buyers. It was never realistic
2. they use titan per-order money as a interest free loan to build a data center
3. They added "no refunds" AFTER some of the first buyers purchased a titan. Screen shots prove this.
4. Their power requirements are 50% higher than they indicated, making it a dangreous device in many countries electrical systems.
5. They wait until the end of Q3 and rush shipments out. Buyers are reporting incomplete / non functioning systems
6. Q3 is almost over and most buyers have still not rec'd their titans. But guess what? it doesnt matter because if you read their Terms it says :
"The delivery date is provided for information purposes only and shall not be binding on KnCMiner. The Purchaser is not entitled to refuse acceptance of the Products, withdraw, cancel or revoke the order or make claims for compensation due to any delayed delivery."
so basically we have no leverage, nothing is binding for KnC. So if they are late, it doesnt matter.
7. They give the batch 1 buyers who paid more less power and justify this by saying that the time diff. makes up for it. FALSE
8. They have banned me and others complaining about this from their website / forum and have prevented new registrations
This doesn't include the shenanigans associated with the jupiter, and then the Neptune. This company is clearly bent on destroying their customers. I'm not sure where this hatred for the customer came from.
While companies like GAW issue notices like:
"we weren't happy with the genesis hash rate / ROI, so we increased it for free"
along with giving hardware buyers access to the data center.
KnC (the classy Kurt) issues statements like in reference to batch 1 buyers complaining about the MH
"its not absurd at all. The fact is extremely simple, you are getting more than the product you originally paid for."
So to translate, Kurt thinks that buyers are only entitled to 100MH because those were the original specs. He feels KnC is giving us more than we deserve. How ungrateful can customers be?
Now this statement exposes a lack of conscience, wisdom, and good sense, that KnC has. In the mean time, KnC is selling data center hash while the titan customers are fuming.
They dont seem to care that 99% if their customers are angry. They just respond with the term of sale which binds them to nothing but binds the customer in every way.
Usually buyers dont read the terms when purchasing or installing software / hardware. There is a certain level of implied trust when doing business with a company with a public profile. The buyer assumes that the terms are fair. Those who bought titans will never make that mistake again. Of course those who bought titans will obviously never ever do business with KnC again.
KnC must have made so much money from pre-orders / data center that they do not care that their reputation will be in the toilet and will most likely never recover.
Good Job KnC. I hope keith, kurt, anna, and all the other mental midgets at your company enjoy the money you stole from your customers. Buy something nice for your children and family members.