Author

Topic: Got some information on KnC (Read 1610 times)

sr. member
Activity: 462
Merit: 250
Firing it up
July 06, 2013, 06:18:06 AM
#14
So the company registered with 50k Swedish Krona capital ($7333 USD)? and they will produce 28nm ASICs.

Sounds legit to me.

This is pretty standard amount  for new companies in most of EU contries. Nothing wrong with that one


I think there is something masked. But a good start as many companies placed the amount for start up.

Normally the founder has paid the preparation price during GPU mining. They have paid the first stage money before starting the business.

However, DO NOT fully trust the company unless they have provided the first push being first. I possibly think people trust (PAY quick after June) that company  because of ORSoc. ORSoc is the most responsible for. I hope the ORSoc not fail what BFL has faced before.
sr. member
Activity: 428
Merit: 250
BitcoinEvo [$XBTE]
July 06, 2013, 03:04:15 AM
#13
What is the point ? A lot company in EU just "hide the investors money" and announce bankrot. No one get in prison only because you lose money, offen they claim the money go for stuff and someone else cheat as. An easy tactic use in a lot cases.
hero member
Activity: 635
Merit: 500
July 06, 2013, 02:34:31 AM
#12
This document means something.

It's a legal working company in Sweden. With the founders names accepted. If something goes wrong they have to figure something out becuse there are strict laws for bankruptcy. They cannot take your money an run with it. Sorry... They can, but they will run until only the prison.

About the 7000$.

Here an other country of Europe, I have a company with the starting capital of 2300$ and I make every year 100.000$. Thats normal for a starting company to put the minimum in. That means nothing.

Why don't you search for the same datas for Bitsync or BFL. I think you would be surprised....
member
Activity: 95
Merit: 10
July 05, 2013, 03:43:43 PM
#11
So the company registered with 50k Swedish Krona capital ($7333 USD)? and they will produce 28nm ASICs.

Sounds legit to me.
Always have to be careful in equating statutory filing minimum amounts, or publicly disclosed transaction amounts, for the real thing.

Ever heard the term "For the sum of $10 (ten dollars) and other good and valuable consideration..." which is used in US transactions for things worth even millions of dollars?

so this pdf means nothing.
legendary
Activity: 1190
Merit: 1000
July 05, 2013, 03:27:25 PM
#10
You want to do research on the company designing and overseeing the production of the ASIC, which is OrSOC.
legendary
Activity: 952
Merit: 1000
July 05, 2013, 03:07:45 PM
#9
Did they register the company on  May 16th, 2013?  And plan to deliver 28nm ASIC in September, 2013?
That's a Lil scary...
hero member
Activity: 656
Merit: 500
July 05, 2013, 02:57:13 PM
#8
So the company registered with 50k Swedish Krona capital ($7333 USD)? and they will produce 28nm ASICs.

Sounds legit to me.

This is pretty standard amount  for new companies in most of EU contries. Nothing wrong with that one
sr. member
Activity: 322
Merit: 250
July 05, 2013, 02:57:05 PM
#7
Sounds like old FUD that has been gone over in the kncminer threads.

I hope his friend has information on neo-asics.
 Tongue
legendary
Activity: 1904
Merit: 1007
July 05, 2013, 02:54:27 PM
#6
Hey also I got a friend who just moved back to Sweeden dig up some stuff on KnC... check it out:

http://www.mediafire.com/?gl8l3xneto0994t

Thoughts?

Why can't you say here what your friend dig up?
legendary
Activity: 2702
Merit: 1468
July 05, 2013, 02:51:01 PM
#5
Hey also I got a friend who just moved back to Sweeden dig up some stuff on KnC... check it out:

http://www.mediafire.com/?gl8l3xneto0994t

Thoughts?

Did they register the company on  May 16th, 2013?  And plan to deliver 28nm ASIC in September, 2013?

I sure hope they can walk on water...
full member
Activity: 238
Merit: 100
July 05, 2013, 02:43:02 PM
#4
So the company registered with 50k Swedish Krona capital ($7333 USD)? and they will produce 28nm ASICs.

Sounds legit to me.
Always have to be careful in equating statutory filing minimum amounts, or publicly disclosed transaction amounts, for the real thing.

Ever heard the term "For the sum of $10 (ten dollars) and other good and valuable consideration..." which is used in US transactions for things worth even millions of dollars?
hero member
Activity: 602
Merit: 500
July 05, 2013, 02:30:41 PM
#3
I uploaded the file to virustotal. Should not trust PDF files

https://www.virustotal.com/en/file/00f160acf207ad4927c847c367a3b13e71ab39c62066feeae8a4c4d020b09e85/analysis/

Seems clean, no guarantee.

You need to show that you have a certain amount of cash to start up the company. Then you can use that cash on things that makes the company go around. Equipment etc.. Same in norway. Its more detailed than what i mention, but that's the basic of it.

It gives you a list over the involved people also, with their addresses. It just makes KnC more legit than certain other players Smiley
member
Activity: 95
Merit: 10
July 05, 2013, 02:29:10 PM
#2
So the company registered with 50k Swedish Krona capital ($7333 USD)? and they will produce 28nm ASICs.

Sounds legit to me.
hero member
Activity: 714
Merit: 500
Coin Generator
July 05, 2013, 02:18:51 PM
#1
Hey also I got a friend who just moved back to Sweeden dig up some stuff on KnC... check it out:

http://www.mediafire.com/?gl8l3xneto0994t

Thoughts?
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