Topic: KNC moved all of their 9000+ BTC Today - page 3. (Read 6956 times)
Somebody posted when they first started trading that xbt provider had 4000 coins for initial backing. Well today they are at 880k notes issues which is 4400 bitcoins. Sounds like they had to move those coins over to xbt provider to keep backing notes sold.
That 9000 btc though is harsh if they decide to sell.
And its something thats out of our control, I`d just be observe what they do in the next couple days cause its also a sign for price decline.
And its something thats out of our control, I`d just be observe what they do in the next couple days cause its also a sign for price decline.
^^ Hey Jimmy, Is that you, the wanker-troll?
Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
Maybe a bit, but 9000? thats insane. Those guys must be huge whales to be treating that kind of money like chump change.Well, the fact that their business model requires foundry fabs, it would be expected that they'd have to have a decent amount.
At a minimum getting a working relationship with a company like TSMC to device-in/out and tape in/out requires a minimum investment of $5-10M. Assuming industry-specific working EBITDA would entail financials of at least $75M.
So really 9000 BTC isn't really all that "large" (but it still isn't something to sneeze at).
Is it a *move* or a *sell*? Makes a big difference. It may affect the market if that is misunderstood (and could be an opportunity or a problem depending on what is actually happening).
Still, 9000+ coins is not that significant in market size terms, just a few days of depression before a rebound to compensate an over sell.
Still, 9000+ coins is not that significant in market size terms, just a few days of depression before a rebound to compensate an over sell.
Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
Maybe a bit, but 9000? thats insane. Those guys must be huge whales to be treating that kind of money like chump change. 
If all those coins were to sell off, then we see another price window drop.
Thats a ton of coins being available. I`m just going based on the blockchains transfer speculation here, but why move it, it doesnt make sense to me.
Thats a ton of coins being available. I`m just going based on the blockchains transfer speculation here, but why move it, it doesnt make sense to me.
Bitcoin days destroyed chart doesnt point to big players having inside knowledge of any upcoming bad events.
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
First 750 btc tranche were just moved to Bitstamp
https://blockchain.info/tx/22e42c59d9c46b4e1524a98e5f61a09be8e015b0d5e52659797dc52ed2aca0fe
https://blockchain.info/tx/22e42c59d9c46b4e1524a98e5f61a09be8e015b0d5e52659797dc52ed2aca0fe
Considering all the FUD about Bitcoin-XT and the block size hard fork this is not a bad time to hedge a bit and sell some BTC.
Well as posted on other threads....KNC could be in some trouble ..seems their 16nm chips on their IPO farm could be delayed till 2016
**snip**
**snip**
Seems that despite the TSMC stuff - they have managed to get there anyhows!
https://twitter.com/kncminer/status/605651201141690368
Coins still in the same address, so its not a bistamp address.
This, Stamp sweep straight to cold storage.
Coins still in the same address, so its not a bistamp address.
why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.
well they, maybe, have done it because they want to dump a portion in the event that the whole fork issue will kill bitcoin or damaging it too much, in the price
it's concerning
That's what good and useful currency should do, moves from one hands to another. Only that way makes good things like progress and whealth...
Well as posted on other threads....KNC could be in some trouble ..seems their 16nm chips on their IPO farm could be delayed till 2016
...nice to see the wheel has turned and they need to sit on their hands on a "pre-order" lol
Now if the IPO investors were smart enough to say something in the contract about IPO farm by such and such a date....KNC could get some
big money 'yanked' back
serves the buggers right ...see how they like it on the other side of the pre-order and late delay side of the fence
....supposedly tape out on their 16nm chips was on feb 3rd 2015
Phoenix1969 pointed this link out to me:
http://wccftech.com/tsmcs-16nm-finfet-faces-delays-qualcomm-jumps-ship-samsung/
their press release back on tape out from main site www.kncminer.com
http://venturebeat.com/2015/02/03/accel-partners-invests-15m-in-kncminers-to-build-a-16-nm-processor/
wikipedia on TWSC
http://en.wikipedia.org/wiki/TSMC
They could be very very very screwed in getting their IPO 16nm Farm out this year....serves them right IMHO......see how they like pre-order delays LOL
Guess they should have put up that Titan scrypt miner farm instead don't ya know.....
anyway made my day!
...nice to see the wheel has turned and they need to sit on their hands on a "pre-order" lol
Now if the IPO investors were smart enough to say something in the contract about IPO farm by such and such a date....KNC could get some
big money 'yanked' back
serves the buggers right ...see how they like it on the other side of the pre-order and late delay side of the fence
....supposedly tape out on their 16nm chips was on feb 3rd 2015
Phoenix1969 pointed this link out to me:
http://wccftech.com/tsmcs-16nm-finfet-faces-delays-qualcomm-jumps-ship-samsung/
their press release back on tape out from main site www.kncminer.com
http://venturebeat.com/2015/02/03/accel-partners-invests-15m-in-kncminers-to-build-a-16-nm-processor/
wikipedia on TWSC
http://en.wikipedia.org/wiki/TSMC
They could be very very very screwed in getting their IPO 16nm Farm out this year....serves them right IMHO......see how they like pre-order delays LOL
Guess they should have put up that Titan scrypt miner farm instead don't ya know.....
anyway made my day!
Well, it could be the reason why bitcoin price went down to $22x
Maybe they were selling their bitcoin because people already know that they are scam & they might run away
Maybe they were selling their bitcoin because people already know that they are scam & they might run away
WTF are you talking about? They already got the money from the customers, now they mine for themselves. Run away where? From what?
They may be lining them up to be rolled into the bitcoin tracker etn, to a new cold address, maybe sold on exchanges... we won't know anything more until they move again.
Well KNC is a significant player in this economy and they have a strong network to inform them of any upcoming events. This move would only confirm our worries that a massive event is going to happen soon that will move the price lower than anyone will expect without a realistic outlook of recovery.
9000 bts will not cause too much of a price drop, let them dump them cheap and they will be hoovered up
Well KNC is a significant player in this economy and they have a strong network to inform them of any upcoming events. This move would only confirm our worries that a massive event is going to happen soon that will move the price lower than anyone will expect without a realistic outlook of recovery.
why is it so special that a certain party is moving their coins. they most likely did it for security purposes. nothing special to be honest.
1) KNC "screwed' a lot of people that had paid them for miners.
2) Large net sells on bitstamp may take place
3) No evidence of any bitcoins behind XBT Provider
Those are the concerns and reasons why I mention all of KNC's coins moving
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