Post
Topic
Board Hardware
Re: KnCMiner declares bankruptcy due to increased competition, upcoming halving
by
JessicaG
on 28/05/2016, 12:28:36 UTC
So they saw they were about to become insolvent and stopped operations before that happened. Is there anything you sheep dont call a scam on this board? Just because YOU do not understand how business works you should not be running around calling everything in the world a scam.

Might be, but as a company they did at least to say a poor job. 21m in startup capital, the assets gained from selling hardwares, and all the assets they mined themselves, and they declared bankruptcy? If they are doing around $480 cost-per-coin, then they were obviously doing something wrong in how the company's capital was being averted...