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Title: Making History: KNC MINER BANKRUPT–-CHINESE COMPETITION TOO TOUGH Post by: Assmaster2000 on May 27, 2016, 06:59:24 PM KNC MINER DECLARES BANKRUPTCY – CHINESE COMPETITION TOO TOUGH http://swedishstartupspace.com/2016/05/27/knc-miner-declares-bankruptcy-chinese-competition-too-tough/ EDIT: MODS, PLEASE DELETE, duplicate topic (can't delete myself) Title: Re: Making History: KNC MINER BANKRUPT–-CHINESE COMPETITION TOO TOUGH Post by: Quantus on May 27, 2016, 07:12:49 PM They are still making money but they can't raise enough money to continue expansion and in the Bitcoin mining world if your not constantly reinvesting in new hardware then your old hardware quickly becomes obsolete.
China is economically speaking in high gear, If it were a car engine flames would be shooting out the tail pipe. The question here is how long can China continue to subsidize all these industries, specifically power and chip manufacturing. My dad thinks their economy will equalize over the next 15 to 30 years with the rest of the world and will (the USA) be bitching about India or someone else as they take over for a short time. Title: Re: Making History: KNC MINER BANKRUPT–-CHINESE COMPETITION TOO TOUGH Post by: DannyHamilton on May 27, 2016, 07:14:30 PM EDIT: MODS, PLEASE DELETE, duplicate topic (can't delete myself) You can lock the topic by yourself. |