My Miners are turning up today apparently. I'm refusing them. KNC did threaten to destroy them if I didn't accept the shipment but they have backed down and are now saying they will accept them back but I will have to pay for shipping if I want them. Yeah right.
I've been contacting some big media outlets and there are a couple writing articles about this KNC fiasco. I have been contacted by another major name today. They are looking for info on anyone starting a lawsuit against KNC, so if you are and would like a chance to feature in the article please PM me as soon as possible so I can email the journalist.
I'll be writing to more news outlets this week. Lets see how easy it is to raise 50mil when investors read the crap KNC have been up to.
BTW I contacted GP Bullhound and Creandum about 2 weeks ago but have received no reply. I don't think they give a shit. They might change their tune when the BBC come sniffing around though.
don't have the balls to refuse shipment..and being a legal miner in the usa (got backed into such had to file with IRS after bank error on a wire xfer they said was 90k was 10.3k
fixed in a day but had to show chops i was legit thus the legal miner i am now)
anyway the only thing I can be sure of IF I ACCEPT THE TITAN is that I can ...according to my CPA get it wrote off in 5 years as computer equipment according to the IRS
2013 guidelines for virtual currency...did not have to pay the 4k on taxes in 2013 for coin mined last year and likely won't this year either ..)
so anyway again the only thing I CAN maybe count on is the fact I can take this $10,131.80 ...perhaps total loss by the time I get it and get $2532.95 of that back applied
to real $$ to real taxes owed....so a $7598.85 loss..maybe half that if i can get the kludge miner in time and half assed working...is better the taking a chance (like BFL did) and
send it back never to be heard from again
just saying ..it an't much of a hook but $7593.85 loss vs a $10,131.80 loss is somewhat soothing
then again even if i get it I'm gonna jump thru every hoop/class action/swedish gov't/swedish consumer group out there to try and get the rest back
but seeings how by some esitmates KNC has made 200 million since last april 2013 from its inception this could be a very very very long legal battle
KNC has class A and Class B big time investment money for their arcitc cloud sca...er I mean 'edeavor' they can't afford to give us anything in the way of compensation
or fixes ..imagine how it would look ..so they will pooh pooh this for a long time imho
whole thing pisses me off not so much in that I got scammed ...more the fact they were a legit company and I got 'backstabbed" so to speak ..,not sure about you
guys but I was utterly 'blindsided'......at the very least I expected compensation like int he past for delays and or equip issues ......I guess when you say NO REFUND
it means we wash your hands of all responsibility as a decent business at that point...and imho they are gonna dump the Titan in 3 weeks and run to arctic mining..
no way as they have backpeddled are they gonna sell equipment again to consumers...that boat has sailed...and who the f*ck would buy after a minimal google search
or such say in 2015
anyway my plan...as a plan it sucks ..but you go with the hand you are dealt...I am not too keen on (1) bankers and (2) asic equip mnfg companies
as to GAW (see my sig) not sure about them either people are making money or floating with it ..so still have the sig...but be wary of EVERYBODY is my new rule
with the possible exception of
www.coinbase.com at these btc prices
anyway...hopefully some decent legit press on KNC's antics will turn some of this around 'knock wood'
