In a strange turn of events KNCMiners who are next door to miningsweden just announced bankruptcy


http://news.valubit.com/2016/05/27/bitcoin-mining-firm-kncminer-declares-bankruptcy/

All I know for sure is I'm due my last payout because it's still pending and got no end of year payment as advertised.

They changed the goalposts. They stated from the very start they would pay through the year from mining and share the profits at the end. The last few months promises over and over they will payout the vip shares and now are saying oh no we won't be paying that because we were paying more from mining over the year, like that was something they weren't aware of.

If they were overpaying instead of paying shares at the end of the year they should have made that clear. They already acknowledged a while back they knew they were overpaying mining payouts but still said they would pay vip shares.

I'd say they should make their books public but I don't believe they even have accountants doing their numbers.

Absolutely nothing. Just announced there will be no VIP payments and mining will stop.

It was obvious as of February they were never going to pay. Every month another reason to push back the payments.
Then it was the "accountants" had tens of thousands of payments to process so it's taking time, then payouts stopped because the plugin wasn't working, now it's "we overpaid all year anyway so we won't pay VIP shares and I'm tired of the angry emails about how we were supposed to pay months ago so I'm done doing this anymore and mining is stopping".