Quote from: DPoS on February 13, 2014, 04:37:41 PM

Quote from: The Avenger on February 13, 2014, 04:28:20 PM

Quote from: joeventura on February 13, 2014, 04:16:41 PM

You can watch the KNC farm grow here:

http://eligius.st/~wizkid057/newstats/userstats.php/1A73ExsM2doRwTLp82rv5U36QHbBFmHD1X

They are just starting and already mining 5BTC every few hours - exactly how much a Neptune will mine in it's entire lifetime starting on 1st July Grin

every few hours??? better look at that again..much more frequent

Oh yeah, so it is.

I think this explains why they are taking 7-10 days to give BTC refunds - they have to mine them first Cheesy

Then they essentially get to keep the money the customer paid and pass them some mined coins instead.

The major question in my mind is whether KNC are paying tax on their mining profits? If they aren't and they get audited by the Swedish taxman - that'll be the end of the bitcoin empire in the arctic circle.