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Topic: [2016-05-27] KNC Miner Declares Bankruptcy – Chinese Competition Too Tough (Read 455 times)

legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Not that much of a surprise to see a company that supported BTC Classic is going down.
This just shows a fundamental lack of sound judgement.
Furthermore I read they also scammed a lot of people.Selling cloud-mining contracts while lots of very early customers were still waiting on delivery of pre-orders and so on.

probably that and if you cant mine profitable at 400-500 USD per coin, you should go out of business.
legendary
Activity: 1442
Merit: 1016
Not that much of a surprise to see a company that supported BTC Classic is going down.
This just shows a fundamental lack of sound judgement.
Furthermore I read they also scammed a lot of people.Selling cloud-mining contracts while lots of very early customers were still waiting on delivery of pre-orders and so on.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
KNC Miner Declares Bankruptcy – Chinese Competition Too Tough

In a press release issued late Friday evening Swedish time, the Swedish bitcoin company KNC Miner informs that it has officially filed for bankruptcy.

http://swedishstartupspace.com/2016/05/27/knc-miner-declares-bankruptcy-chinese-competition-too-tough/
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