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Author Topic: Swedish ASIC miner company kncminer.com  (Read 3031296 times)
The Avenger
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June 06, 2016, 10:25:51 PM
 #42361

Class Action Lawsuit Resumes Against Bankrupt Bitcoin Miner KnC
http://www.coindesk.com/class-action-lawsuit-resumes-defunct-bitcoin-miner-knc/

Quote
"We have handed over all claims with the verifications to the criminal authorities for them to initiate the process of freezing KnC assets to cover your claim."



Second time lucky!!


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Hunyadi
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June 07, 2016, 06:20:12 AM
 #42362

No shortage of hash powr (the .7v) down there either.

What does this mean? Is it bad idea to under volt the dies? I thought it was good thing to do, less electricity and less heat.
No I was talking about the fact that the units had enough power planes going to the dies without having to run huge amounts of low voltage electricity across the board. Undervolting is fine, but lower voltage to maintain the same hash rate requires higher current.

C



Thanks for the explanation!

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The Avenger
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June 08, 2016, 05:13:29 PM
 #42363

Discussion on reddit that knc music factory ("Everybodies scammed now!") might have ceased mining operations.

https://www.reddit.com/r/btc/comments/4n4c87/seems_like_knc_miner_have_turned_off_their/

Hopefully linked to the above lawsuit  Tongue Grin

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Gws24
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June 08, 2016, 09:51:37 PM
 #42364

Well, they just found a block (block 415410) so either they started again or had really bad luck the last day
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June 10, 2016, 04:00:39 PM
 #42365

When are you going to ship them?

Alright, I just received my second batch of Titan Bridge Boards. 3-4 boards are still available to be sold before I ship everything out to everybody (lowered price of 0.20 BTC each since I ordered a bigger batch this time.). If you want one, be sure to PM me.
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June 10, 2016, 06:04:51 PM
 #42366

When are you going to ship them?

Alright, I just received my second batch of Titan Bridge Boards. 3-4 boards are still available to be sold before I ship everything out to everybody (lowered price of 0.20 BTC each since I ordered a bigger batch this time.). If you want one, be sure to PM me.

The same question here. I hope that you write when my 10 Bridge Boards shipped is.

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June 10, 2016, 10:47:33 PM
 #42367

---snip
added: Sam Cole Interview: 6 months ago more or less....all looked 'golden' then from the Interview Smiley

https://www.youtube.com/watch?v=RDnA6i6oEvA

time: 7:50

Makes you realize that "we" (as in greedy bitcoiners) gave them money up front to develop their ASIC's.
Without people buying preorders, KnC would have been nothing.

Cryptography is one of the few things you can truly trust.
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June 10, 2016, 11:53:38 PM
 #42368

---snip
added: Sam Cole Interview: 6 months ago more or less....all looked 'golden' then from the Interview Smiley

https://www.youtube.com/watch?v=RDnA6i6oEvA

time: 7:50

Makes you realize that "we" (as in greedy bitcoiners) gave them money up front to develop their ASIC's.
Without people buying preorders, KnC would have been nothing.

True but to be fair they were a 'very legit' company with the KNC Jupiter 550gh stuff in 2013. The took paypal no one had any issues at all.

IT was the $$$ ...when they figured out they could mine themselves around jan 2014 and then went to the dark side.

Like NUN to PORNSTAR it was that shocking.

Of course I'd switched my Neptune to a Titan like a week or so before the Frankenjupiter mess...then the IRS 2013 guidelines came out

sheesh...

but anyway ..it was like finding out your 'nice' neighbor was chopping up neighbor kids and putting them in the freezer it was that shocking to me anyway.

(Also explains why I and others are so over the top p/o'd ......human nature being what it is...the whole thing shifting that quick freaked us all out...and then
as we have come to find out since the 'lies' on what could or could not be done on hardware/firmware from knc forums and techs...well anyway quite the ride)

anyway my 2 satoshsi's














 

 

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shyliar
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June 13, 2016, 01:07:12 PM
 #42369

Considering my two Titans only average 568 Mh/s (They did do over 600 Mh/s for six days) I have mixed feelings on the KNC bankruptcy. There was definitely no advantage to receiving the first two Titans shipped as far as I know (since later ones shipped exceeded 800 Mh/s for two). My two neptunes did break even and then I shut them off.

Definitely when the Titans die off my mining days will be over.
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June 13, 2016, 01:42:55 PM
 #42370


Found this article and translated it (kinda) with google translate. I did not realize that KNC managed to get 250 million bucks for an investment on their now defunct company. I mean really 1/4 of a Billion Bucks!! Sheesh. (Evil: We do it well.) (tm KNC)

Anyway here is the link:

https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fdigital.di.se%2Fartikel%2Fkommentar-blind-girighet-bakom-bitcoin-haveriet&edit-text=&act=url




Does look impressive as hell though.don't it. Smiley


added: Sam Cole Interview: 6 months ago more or less....all looked 'golden' then from the Interview Smiley

https://www.youtube.com/watch?v=RDnA6i6oEvA

OMg that is really sick

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Joohansson
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June 14, 2016, 07:40:18 AM
 #42371

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news
Searing
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June 14, 2016, 09:25:25 AM
 #42372

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news

Does not mean much in that Sam Cole and the other principles from KNC own the majority of this. Did not hear a lot of yelling for IPO $$$ for this venture.

Where all the $$$ went don't ya know. Sam used to a banker so it all becomes clear now imho Smiley

Still no big difficulty jump back for LTC imho. The difficulty rises we have seen could be from only the price jump in LTC price.

So I am still wondering if there really was a Titan Farm they never let on about. That was shut down by KNC (Someone said the 19% difficulty drop in LTC was equiv to 666 Titans)

I gotta say they sure mucked up by 'bankrupting early' with the BTC shooting up etc.....poor fellows only made so many $$$ not the much more $$$ they

could have made..if they'd stuck it out longer they'd be golden (again from what I can tell)















 

 

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Unacceptable
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June 14, 2016, 09:20:25 PM
 #42373

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news

Does not mean much in that Sam Cole and the other principles from KNC own the majority of this. Did not hear a lot of yelling for IPO $$$ for this venture.

Where all the $$$ went don't ya know. Sam used to a banker so it all becomes clear now imho Smiley

Still no big difficulty jump back for LTC imho. The difficulty rises we have seen could be from only the price jump in LTC price.

So I am still wondering if there really was a Titan Farm they never let on about. That was shut down by KNC (Someone said the 19% difficulty drop in LTC was equiv to 666 Titans)

I gotta say they sure mucked up by 'bankrupting early' with the BTC shooting up etc.....poor fellows only made so many $$$ not the much more $$$ they

could have made..if they'd stuck it out longer they'd be golden (again from what I can tell)



The "farm" just changed names,I'm sure Sammy boy didn't get rid of it.The diff & network haven't dropped any amount so.........

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
Got GOXXED ?? https://www.youtube.com/watch?v=9KiqRpPiJAU&feature=youtu.be
"An ASIC being late is perfectly normal, predictable, and legal..."Hashfast & BFL slogan Smiley
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June 14, 2016, 10:29:41 PM
 #42374

I gotta say they sure mucked up by 'bankrupting early' with the BTC shooting up etc.....poor fellows only made so many $$$ not the much more $$$ they

could have made..if they'd stuck it out longer they'd be golden (again from what I can tell)

They're still mining.
The Avenger
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June 14, 2016, 10:47:00 PM
 #42375

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news
Would have to guess from your username and the subject of your only post in this thread you are Johan Wattenström, CEO and co-founder of the XBT Group.

Care to say anything about the morally bankrupt company that used to be your guarantor?

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Gleb Gamow
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June 15, 2016, 05:18:52 AM
 #42376

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news
Would have to guess from your username and the subject of your only post in this thread you are Johan Wattenström, CEO and co-founder of the XBT Group.

Care to say anything about the morally bankrupt company that used to be your guarantor?

I have a better question: How is that the site ranked 5,094,917 seen here - http://www.alexa.com/siteinfo/xbtprovider.com - serving 179 countries, yet gets virtually no traffic to the site, but was able to sell the entity to Global Advisors with them jacking off all over themselves for acquiring them? ref: http://www.reuters.com/article/us-bitcoin-acquisition-globaladvisors-idUSKCN0Z022T
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June 15, 2016, 06:23:46 AM
 #42377

The Nasdaq bitcoin certificate XBT Provider now opened up trading again. KNC could no longer be guarantor and trading has been halted since May 30. XBT provider now has a new guarantor.
http://www.xbtprovider.com/lang_en/news
Would have to guess from your username and the subject of your only post in this thread you are Johan Wattenström, CEO and co-founder of the XBT Group.

Care to say anything about the morally bankrupt company that used to be your guarantor?

No but I had value bound to that certificate, now sold with 50% profit =)
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June 15, 2016, 01:46:07 PM
 #42378

I gotta say they sure mucked up by 'bankrupting early' with the BTC shooting up etc.....poor fellows only made so many $$$ not the much more $$$ they

could have made..if they'd stuck it out longer they'd be golden (again from what I can tell)

They're still mining.

KNC is in the hands of a bankruptcy trustee now as they try to find a buyer or break up the company. They will continue mining as every bitcoin they earn may be needed to pay their creditors.
The Avenger
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June 15, 2016, 04:01:02 PM
 #42379

Scam Hole chats about bankruptcy. And lies to a room full of people. Because he's a criminal and a liar.

https://www.youtube.com/watch?v=2BgjKOvTlRA

The first question he gets asked by the audience nails him and he - as always - LIES his way out.

Asked how he didn't see the threat of the Chinese competition? AND the fact he KNEW that by design bitcoin rewards halve every four years, how come he didn't see this problem coming? I think some people didn't believe Scam's claim earlier in the talk that everything was still 100% fine in January 2016. Why would they, he's a lying fuck.

And he answers by claiming that he already answered the question (he should be a politician). Then realising the crowd is not that informed, starts to avoid the answer by giving a load of bull about how you can't predict anything, that you can only see 14 days ahead with bitcoin!

The lying asshole. Everyone with basic knowledge of bitcoin knows about the coin halving and he/kfc knew about it since day 1 of kncminer. Of all the things that can be predicted, this is a fact by design.

Unfortunately no-one in the audience pointed out he was a liar/bullshitter/criminal.

Which is a bit sad, as someone from digital.di was there. The same website who reported how these kfc scammers never mentioned bitcoin halving as a threat in their investors prospectus, which I mentioned in another thread.

Stop scamming people by hiding that fact!

It seems kfc did just this:
https://translate.google.co.uk/translate?hl=en&sl=sv&u=http://digital.di.se/artikel/project-klondike--sa-overtalades-investerarna-att-satsa-i-knc-miner&prev=search

In their investors prospectus, they never mentioned the fact that block rewards would be halving in 2016 and that this was a potential threat to investors money.

KNCMiner - scamming people by hiding that fact since 2013!

Seriously, they didn't tell their investors that the income of their investment would be cut in HALF in 2016 because of the way bitcoin rewards work and everyone is okay about it? kfc knew very well people would be much less likely to invest if they knew that, so these kfc criminals just left it out!

Scam claims everything was fine in January 2016 and was asking his investors for "growth" money around Feb/March 2016. He didn't know in January about the extent of Chinese competition and that bitcoin rewards would halve around July 2016??? Bullshit. What a lying crook.

Speaking of that, anyone got any update on the second kfc lawsuit? Have seen nothing in the news about it and these criminals need to be exposed.

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June 15, 2016, 09:04:58 PM
 #42380

That's your job now!!!!!!  Cheesy

Enjoy!!!!!  Grin
Thanks....

:-)

Seriously, it would be nice if they would release the design stuff into the public domain. There are a few mysteries on that board I am not going to solve without a real parts list or something.

Probably issues with IP to just open source it, an exec would have to personally buy it and then release.

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