LKETC announced 14nm and asked for 10k btc loan

[hl5460]

LKETC announced 14nm chips project and sales 4p hashing rate at 1mRMB/p.
And he asked for a 10k btc loan at 20% annual interest.

more:
http://8btc.com/thread-17001-1-1.html

[lucullus]

What do you, personally, make of this? I find it peculiar that he would do such a thing

[hl5460]

What do you, personally, make of this? I find it peculiar that he would do such a thing

Last endeavor to save the company. If he could get a loan, the market will take a hit as he must liquidate the 10,000 btc.

[Amph]

What do you, personally, make of this? I find it peculiar that he would do such a thing

Last endeavor to save the company. If he could get a loan, the market will take a hit as he must liquidate the 10,000 btc.

that's another problem of mining, apparently the big dump from the whole mining thing, come from the new production cycle instead of the daily dumping of 3600 coins

[ensurance982]

What do you, personally, make of this? I find it peculiar that he would do such a thing

Last endeavor to save the company. If he could get a loan, the market will take a hit as he must liquidate the 10,000 btc.

that's another problem of mining, apparently the big dump from the whole mining thing, come from the new production cycle instead of the daily dumping of 3600 coins

People aren't dumping 3600 coins every day. A lot of those coins are being held or sold at fixed rates (fixed amounts) to people looking to buy in huge quantities!

[hl5460]

LKETC & BW announced the 14nm project has been funded with Korean capital and 75w/t miner is "coming soon".
http://8btc.com/thread-18051-1-1.html