Tagkncminer

Bitcoin Miner KnCMiner Declares Bankruptcy

Bitcoin mining

KnCMiner, who recently won a lawsuit against complainants who had sued over late or failed delivery of one of the company’s previous iterations of bitcoin mining hardware (the Titan) , has filed bankruptcy ahead of July’s mining reward halving. The Swedish Bitcoin mining company’s CEO Sam Cole cited energy taxes and uncertainty about the future of the Bitcoin mining market over the weekend in an...

KnCMiner: Bitcoin Deserves Better

knc-titan-fans

It's almost surreal, watching KnCMiner take the mining industry by storm again. After I wrote the article about them facing a lawsuit, I received more than twenty e-mails thanking me. People were telling me their story, how KnC strung them along for months, dangling their money and promising to make it worth their while, but never delivering a worthwhile product. So many dissatisfied customers...

KnCMiner Breaking Bitcoin Mining Record

KnCMiner have broken all bitcoin mining records by running a 3D Bitcoin Mining chip at 16 Nanometer. This new 16 nm processor, created at scale will bring a new paradigm shift in mining capabilities on the block chain. Mining bitcoin has taken a new step in evolutionary technology. Not only will these chips work for bitcoin, but it is likely for all sha 256 coins.  Not only does this new 3D...

KnCMiner Launches XBT Provider, Bitcoin Tracker One

After our story about KnCMiner facing class action lawsuits, several readers wrote in to thank us and share their stories as well. We expected to receive some comment back from KnCMiner regarding the claims being made against them by more than two dozen clients representing several dozen thousands of dollars. We never did. However, today we've received word that KnC has launched a Bitcoin...

Bitcoin Company KnCMiner Facing Three Class-Action Lawsuits

A group of two dozen people (and growing) represented by Advokatfirman Rise & Co AB (Stockholm) is bringing a class action lawsuit against Swedish Bitcoin firm KnCMiner, the one-time premier manufacturer of Bitcoin mining hardware. There are a range of issues for the court to consider, but the one CCN is most intimately familiar with is the one that our source, a member of this class action...

KnCMiner Ditches Customers in Favor of Mining Bitcoin and Litecoin for Themselves

KnCMiner is going to stop selling miners to "unhappy customers" and will instead focus on mining themselves. Hot on the heels of Magnus Daar Esq. of Nova, a law firm based in Sweden, stating that KnC’s actions might hurt Sweden’s reputation for other Swedish companies, KnC's co-founder Sam Cole has admitted to closed and less-than-honest business dealings with former KnC customers. Here is his...

KnC Titans Failed to Ship Last Week Due to Firmware Issues

KnCMiner posted an announcement on September 11th stating that KnC Titans would ship the week of September 14th, but KnC Titans still have yet to start shipping. Members of the KnC community are outraged at them for delaying shipments further in a market with an ever growing mining difficulty. Well, look on the bright side. At least KnC isn't planning on building a massive Scrypt farm like they...

Is KnCMiner Finally Issuing Titan Refunds?

KnCMiner has been unable to produce quickly and ship mining equipment for some time now. After it's lengthy eight-month wait for Neptune miners, they've decided to do the right thing and stop selling mining equipment to independent miners. KnCMiner will now be selling cloud mining instead. There are reports from KnC customers that Titan order refunds are being processed, according to GAW CEO on...

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