Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
Ghrindy
on 16/04/2014, 19:16:19 UTC
This is BAD news!

It seems EVERY (pre-order) mining company starts with promising 'all the world' to their early 'investomers', and as soon as production starts, they somehow forget those promises, and change their priorities to: 'maximising shareholder-value' (and no, 'we' are NOT those shareholders!)

And of all mining-companies, KnC seemed the most honorable, up until this last news statement.
Like some have mentioned here before, it appears KnC couldn't ship Jupiters (OR modules for that matter) not because they couldn't get some components, but just to fill their datacenter first.

which brings me to: Kncminer.cn
this company is is the exclusive reseller/distributor for KnCminers in China. (only mentioned a few times in this 1500-page-thread)

Owner(chairman) of KnCminer.cn is Brock Pierce http://www.linkedin.com/in/brockpierce (a well known bitcoin-entrepeneur)

I wouldn't be surprised if he (BP) didn't resell any of those machines, and just started his own mining-farm in China!

Fck it, i'm out!

update:
"Kobayashi* did not refer to an offer made last month by a group of investors, including former child actor-turned entrepreneur Brock Pierce, to take over Mt. Gox. But he said such offers would be taken into consideration."
http://www.reuters.com/article/2014/04/16/bitcoin-mtgox-idUSL3N0N82HQ20140416

Edit: Kobayashi* is not related to a character in the Usual Suspect