Looks like my scrap metal has shipped. Did you guys receive tracking numbers for your KNC hardware?
Nope. #201xx, paid March 21
Nope also. #2101x, paid March 27th
(we be sooooo screwed....waiting for the email saying we fixed it at 100mh as per original contract but shipping delayed till NOV for fixes)
my KNC expectations are quite dark now.....KNC is like that nice girl you moved in with ..then you find out she is 'bi-polar' ...the relationship
was great the 1st half....now you wake up in the middle of the night wondering if you put the kitchen knives away or not....
Man, your "mining"/"Girl" stories are always so funny to read!!
Yeah it is all a big Yuck Yuck Yuck me getting this Titan
although....as some of you know (won't go into too many details) but I am a LEGAL miner in the USA (due to bank error showing me making 90k of wire xfer overseas
when it was 10k for the knc unit...they made the mistake ..reported me to SEC for possible fraud (wow ....for a bit i was infamous as a drug king pin) all fixed
with a 5 min phone call AND THE FACT BEING PARANOID I filed a revised Tax Return 10 days before due....so all was well..ie the me being legit argument
anyway....everyone had a big yuck at my misfortune in forums last april/may when I told them what I had to do to salvage my ass...
BUT NOW I MAY BE OK with equip deductions (25% bitcoin machines are considered computer 100% depreciation in 5 years) my Titan (if I can play this out) really costs me around 7600 bucks
assuming my CPA can still get me out of taxes like last year (shoulda paid 4K ..I paid none) and a person could play this out as a biz
so my misfortune is not looking so bad at being a legal miner due to all this BTC drop and KNC going to the dark side.....
I can also sell coins I mined in 2013 at 1100 bucks according to the IRS that I paid taxes on at a loss get a tax break should I choose (paper loss I mined them and was holding)
so have SOME options to get some $$$ back if I need to legal wise
anyway can only do what I can do with the bad circumstances the bank tried to stick me with....maybe this will work out....I am not going to be mining next year
at home at the same scale (maybe a baby miner to show revenue stream for IRS only....to the extent it helps my tax bill ...whatever that may work out too)
but anyway.....those of you who may really really be over bought on a KNC Titan....like you have a Neptune and a Titan or some such MAY want to talk
to a CPA and with enough equipment you could work maybe 25% of whatever your investment in equipment that you got 'screwed' on like the Titan or BFL
or whomever......desperate measures and all that...but if you are gonna take a loss and even a big loss you may as well see if it works better as a business
loss then just you eating it yourself
so yeah Titan is real amusing......in a train wreck kinda way
if you want a real laugh look at KNC's Facebook page under comments ...it is a frigging blood bath.....obviously they are not monitoring that at all
I can't believe CoinDesk has not done an article on the Titan yet like they did with the FrankenJupiter (they ignore my emails)....
well...so it goes....I'm stuck in my situation but maybe it is bad enough others may wish these options as well
Searing
