Swedish ASIC miner company kncminer.com

[Cablez]

Is it that Swedish company law actually allows for a company to screw their customer over so royally

Avoid doing business with a Swedish company and don't purchase products from Swedish companies.

Even Ikea?!?!   lol 

[poodle63]

Dame, could they just ask some experienced engineer for consult, that will help a lot of commission progress, I really fed up no thing progress like this.

Other possibility, they may be happy mining with our titans and dumping coins to the market, and pretending they just can't fix problems at all, and keep update us nonsense information like a dead cat, even a daed cat still bounce if you kick it, but KNC just not reaction even you shoot them with shotgun, WTF.

[l3sny]

Magnus Daar from Nova responded to my e-mail. I think it is the best option for all EU based clients. There is already a number of people willing to join the group action (not a class action actually). I am 80% convinced to do it with Nova. I will keep you posted.

That's encouraging to hear. Is there an issue with North American or other non-EU resident clients participating ?

I will ask him. I see no problem however in instructing a Swedish lawyer by non-EU residents. THe problem starts if they want you to show up in the court. Then technically there is an option for hearings in the state of the claimants origin if the Swedish court decides so. THis would drag the trial in time as the instructions to the court would go thorough relevant ministries of Justice of the countries involved and probably incure massive costs so I do not believe the respondents would go down this path. THey would rather fight the claim on the front of liability and quantum. Anyway its the Swedish lawyers who decides.

I will write to them again tonight and ask further questions.

[retro72]

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment but they have backed down and are now saying they will accept them back but I will have to pay for shipping if I want them. Yeah right.

I've been contacting some big media outlets and there are a couple writing articles about this KNC fiasco. I have been contacted by another major name today. They are looking for info on anyone starting a lawsuit against KNC, so if you are and would like a chance to feature in the article please PM me as soon as possible so I can email the journalist.

I'll be writing to more news outlets this week. Lets see how easy it is to raise 50mil when investors read the crap KNC have been up to.

BTW I contacted GP Bullhound and Creandum about 2 weeks ago but have received no reply. I don't think they give a shit. They might change their tune when the BBC come sniffing around though.

[s1gs3gv]

Even Ikea?!?!   lol  

No bonus points for mentioning Ikea, sorry. I would have given you +3 for mentioning the Swedish company PeePoo though ~L)L~

Seriously, Swedes need to be made aware of the extent to which companies like KNC soil (no pun intended) the good name of Swedish industry.

[s1gs3gv]

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment

Wow you could not make this stuff up if you wanted to. KNC is acting like offering refunds on the Titan is an existential threat. Maybe it is. Investors take note.

[s1gs3gv]

Apparently KNC is refusing to pay return shipping costs for RMA processing unless the product is DOA.

http://forum.kncminer.com/forum/off-topic/miners-cafe/65633-anybody-else-have-to-pay-to-rma-their-cubes-back

Is this a new policy or are they re-writing the rules because they are now planning to ship all the remaining batch 1 Titan machines in the next 3 weeks and expect high numbers of RMA claims ? How will people with the 'creeping cube degradation' problem (cubes work for a week or more and then slowly go bad) be affected ?

[retro72]

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment

Wow you could not make this stuff up if you wanted to. KNC is acting like offering refunds on the Titan is an existential threat. Maybe it is. Investors take note.

I know right?

I sent them an email and I gave them some bullshit T&Cs of my own and said by shipping the Titans you accept my T&Cs. Then they backed down. What a bunch of wankers. Anyway UPS guy just arrived. I sent him on his way, he didn't seem too pleased about carrying 2 Titans back up the drive lol.

Now its in the hands of my lawyer.

[btc_uzr]

Apparently KNC is refusing to pay return shipping costs for RMA processing unless the product is DOA.

http://forum.kncminer.com/forum/off-topic/miners-cafe/65633-anybody-else-have-to-pay-to-rma-their-cubes-back

Is this a new policy or are they re-writing the rules because they are now planning to ship all the remaining batch 1 Titan machines in the next 3 weeks and expect high numbers of RMA claims ? How will people with the 'creeping cube degradation' problem (cubes work for a week or more and then slowly go bad) be affected ?

I know one with a DOA Jupiter board back in September '13.
They made him pay for shipping it back, too, even if he was pointing out that they have to pay for it.

[btc_uzr]

My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment

Wow you could not make this stuff up if you wanted to. KNC is acting like offering refunds on the Titan is an existential threat. Maybe it is. Investors take note.

I know right?

I sent them an email and I gave them some bullshit T&Cs of my own and said by shipping the Titans you accept my T&Cs. Then they backed down. What a bunch of wankers. Anyway UPS guy just arrived. I sent him on his way, he didn't seem too pleased about carrying 2 Titans back up the drive lol.

Now its in the hands of my lawyer.

..still laughing  

thumbs up for this

[neo9436]

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?

[cryptodaknight]

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?

Yeah, would love to know if this works, as i haven't got mine yet, and asked 7 times for refunds, every time they said no.

They hold our funds hostage, how can this not be completely illegal?

[retro72]

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?

No. I've got a lawyer involved. He told me to refuse delivery. He has sent a letter requesting a refund so the balls in KNCs court. Either they pay or I take them to court. Either way they can keep that piece of crap they call a "Titan"

[RealMalatesta]

I just want to point out again: Write to the investors and to the US-company which led the last investment deal. Make copies to the SEC. Send copies to US media. Send the US company tweets. Once the investors get nervous or the investos are confronted with the authorities, I am sure that KnC will pay refunds.

[retro72]

I just want to point out again: Write to the investors and to the US-company which led the last investment deal. Make copies to the SEC. Send copies to US media. Send the US company tweets. Once the investors get nervous or the investos are confronted with the authorities, I am sure that KnC will pay refunds.

Yup. I'm pretty much doing this from the EU side. I've contacted the investors and media outlets and will be spending the rest of the week contacting anyone who will listen.

[The Avenger]

Are you guys suggesting refusing the shipment of Titans will result in refunds?

Or did you fight for them to agree to that?

No. I've got a lawyer involved. He told me to refuse delivery. He has sent a letter requesting a refund so the balls in KNCs court. Either they pay or I take them to court. Either way they can keep that piece of crap they call a "Titan"

[SgtMoth]

Apparently KNC is refusing to pay return shipping costs for RMA processing unless the product is DOA.

http://forum.kncminer.com/forum/off-topic/miners-cafe/65633-anybody-else-have-to-pay-to-rma-their-cubes-back

Is this a new policy or are they re-writing the rules because they are now planning to ship all the remaining batch 1 Titan machines in the next 3 weeks and expect high numbers of RMA claims ? How will people with the 'creeping cube degradation' problem (cubes work for a week or more and then slowly go bad) be affected ?

I know one with a DOA Jupiter board back in September '13.
They made him pay for shipping it back, too, even if he was pointing out that they have to pay for it.

I paid too for a frankencrap controller rma.  I ended up buying another one to get it faster and told kurt that. Could have picked it up when the other one was dropped off, not interested.

[s1gs3gv]

KNC claim Titan RMAs take a long time because their RMA department is busy and in the same breath claim the RMA rate for Titans is very low.

http://forum.kncminer.com/forum/main-category/hardware/65473-bad-dies-more-frequent-now

List ("L", "I", "A", "R", "S").mkString

[MATRIXBOY]

 Hi,

The production and shipping of the Titan miners has begun in the Q3 period as described in the product description at the time of purchase.
We will continue to produce and ship the miners as quickly as possible according to the payment dates of the orders.
The Titan miner is a nonrefundable product.

Please review our terms and conditions which can be found here: https://www.kncminer.com/pages/tandc
In our terms and conditions you will find under Delivery Terms:
8. Delivery Terms
8.1 The Products are delivered EXW (Incoterms 2010) to the delivery address specified by the Purchaser, unless otherwise agreed. 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.


Best regards
Med vänlig hälsning

Natalie

Kncminer
www.kncminer.com
Office: +46 8559 253
20

Hi,

the delivery Term 8.1 from KnC means that they can delivery, if they want, in 2016 or 2020. Means also that they can do what they want.

These Term is absolutley ilegal and a frauding permission for themselfs. This term don't exist nowhere in the world! If you go to the court, they will voiding it immediately.

I can recommend all buyers only to judicial injunction in sweden and also to make a complaint for fraud.

MB

[faetos]

You spend close to $10,000 on a titan, neptune, or some other random shit that doesn't work - try this math:

Ticket from NYC to Stockholm = $774
A couple of beers to build up courage = $20
Bust up some KnC losers = priceless
------------------------------------------------
Get refund the easy way