Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Phoenix1969
on 30/03/2014, 03:18:20 UTC

Wow that's a great story. I hope the owner of bitcointalk.org bars Hashfast from attempting to sell/rip off anyone else from this site.
Self proclaimed... “industry leader in bitcoin mining technology”. It's Deja-Vu
I remember many people bailing on Jupiter orders for Baby Jets, and how long the arguments went on and on for weeks and weeks how HashFast was gonna smash KNC... and so was Cointerra. Meanwhile, BFL created a whole new category of company.
Is it outlandish to think Spooners will be are likely to be late?

at least HF is within US territory... allowing it to be stopped. I hope BFL is next.... They are overdue

BUT....  I don't see HOW they can "Freeze" a wallet without the api key.. anyone?
or even WITH the api key. The "freeze" function does not exist. they would have to transfer it to a state held wallet, no?


They don't need to revoke physical access to the key.   If coins move from the address, then it's contempt of court and possible fines plus jail time.  I imagine if they were stupid enough to do something like that then the court would start freezing bank accounts or tangible assets.
ahh, sounds like a voluntary "house arrest" deal hehe.. makes sense tho.
I wonder now if this new prescience will spread to other states housing ASIC manufacturers.
My guess is that this may be "The beginning of the End" for preordered ASICS, which I wouldn't mind a bit.

I hate to say that, but you can buy 1TH right now with 4-5 days delivery (5 ants with medium over clock) for $2200, or $2400 without overclock. In lieu of plunging bitcoin prices, it might or might not be a good purchase, I am just showing an example of a price war. With low bitcoin price high priced miners with multi month preorder are in trouble.
Shizzle! That's over 4Th/s for 10k shipped now...   I hope KNC has a Neptune update soon, or there may be a 3rd wave of refunds, lol