Quote from: retro72 on February 05, 2015, 04:10:40 AM

Quote from: The Avenger on February 05, 2015, 12:23:41 AM

From same article as above:
"Mr. Kotting said KnCMiner is generating substantial cash flows, but much of it is being reinvested into upgrading its equipment, and maintaining its data center. "

By the same token I wouldn't expect Mr Kotting to say:
KNCMiner is generating so little cash flows they had to come pan handling to me for money, and much of it is being reinvested into equipment instead of shipping miners to their customers so now they're in a legal minefield.

I'm not saying those quotes aren't true but we probably need to look for more objective sources than KNC employees.

That is not a knc employee. That guys is from Accel, the people who just invested $15million. They obviously have seen kfc's books and know exactly who much they are making. If they are willing to invest $15million, then the cash flow has got to look good.

kfc's biggest outgoing is the $450,000 electricity bill each month. Also, they have to replace miners which break down and replace them with new ones every so often. But that isn't too expensive - you just clean the dust off them and send the broken ones out to customers waiting for their bonus rigs Grin