Swedish ASIC miner company kncminer.com - page 152.

dropt

legendary

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Quote from: proudpak on February 07, 2015, 08:13:23 PM

Quote from: The Avenger on February 07, 2015, 01:21:01 PM

Quote from: proudpak on February 06, 2015, 10:03:10 PM

Currently KnC has about 30+ million assets. New investor group, came in to replace and exit out previous investors at strict terms. As I said in past, bonus Neptunes will be used miners from their DC to make room for new chips and better hardware.

We know the routine of them shipping used equipment when they have new tech to put in the datorhall, that's what the Frankenjups were.

What are the 30+ million assets proudpak??

I can only assume its mostly bitcoin, cash and mining hardware. But 30+mil is confirm, good for those who are suing them.

They have their IP for 28nm, 20nm, and now 16nm. They also have the masksets for the 28nm and 20nm.

mishax1

legendary

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Quote from: jelin1984 on February 07, 2015, 01:02:34 PM

still wait titan batch 2

we had sent money
knc

what happen? Huh

you closed? Huh

?

Join the lawsuit. Cheesy

proudpak

newbie

Activity: 17

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Quote from: The Avenger on February 07, 2015, 01:21:01 PM

Quote from: proudpak on February 06, 2015, 10:03:10 PM

Currently KnC has about 30+ million assets. New investor group, came in to replace and exit out previous investors at strict terms. As I said in past, bonus Neptunes will be used miners from their DC to make room for new chips and better hardware.

We know the routine of them shipping used equipment when they have new tech to put in the datorhall, that's what the Frankenjups were.

What are the 30+ million assets proudpak??

I can only assume its mostly bitcoin, cash and mining hardware. But 30+mil is confirm, good for those who are suing them.

Fatman3001

legendary

Activity: 1526

Merit: 1013

Make Bitcoin glow with ENIAC

Quote from: Tigggger on February 06, 2015, 01:18:49 PM

After the frankly underwhelming performance of the 20nm chip, (and in retrospect the 28nm chip given how much better everyone else's are) I wouldn't invest $1 let alone millions in the 16nm.

There's a reason why just about nobody else other than phone manufacturers took the dive into 20nm. But KnC should have gotten more out of those chips. It seems like they are compensating for their lack of experience and proprietary solutions to problems with sha256 asics by paying for more energy efficient processes (20nm, 16nm). They should definitely get a lot more with 16nm FinFet, but I would be surprised if them manage to get the stated 0,07w/GH. Cointerra was expecting 2w/GH, unless KnC have bought some new technology we don't know of I think 0,07w/GH was just to scare other, already battle-worn, mining gear manufacturers.

The Avenger

hero member

Activity: 798

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Quote from: proudpak on February 06, 2015, 10:03:10 PM

Currently KnC has about 30+ million assets. New investor group, came in to replace and exit out previous investors at strict terms. As I said in past, bonus Neptunes will be used miners from their DC to make room for new chips and better hardware.

We know the routine of them shipping used equipment when they have new tech to put in the datorhall, that's what the Frankenjups were.

What are the 30+ million assets proudpak??

jelin1984

legendary

Activity: 2408

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still wait titan batch 2

we had sent money
knc

what happen? Huh

you closed? Huh

?

samsonn25

hero member

Activity: 882

Merit: 1003

Quote from: s1gs3gv on February 06, 2015, 10:38:40 AM

Quote from: The Avenger on February 06, 2015, 07:39:21 AM

So why are VC's investing $15million in a company they could asset strip for only $1 - $2 million?

I'm guessing that KNC had to raise new capital to finance Solar tape-out and manufacturing. This means that they weren't able to retain enough earnings from past activities to self fund the new generation of hardware (hence all the operational problems we've witnessed this last year). They may have really just sold a call option on their future bitcoin production, which leaves them (and their investors) seriously exposed to a further decline in BTC prices over the next 18 months. In any case, they don't act like a successful company that is flush with cash.

Is it time to fork BTC to switch to X11 yet ? Will DRK gain serious mindshare ? Join us next week for more conjecture on the jiving, conniving, thieving, scamming quasi-criminal wild west world of crypto currencies ...

I like the fork idea. Would stab them right in the heart lol

retro72

sr. member

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Quote from: The Avenger on February 06, 2015, 02:03:02 PM

So I'm happy for btc to remain low all year, just so these VC guys implement their "exit strategy" and take kfc to the cleaners Tongue

I'd second that.

proudpak

newbie

Activity: 17

Merit: 0

Currently KnC has about 30+ million assets. New investor group, came in to replace and exit out previous investors at strict terms. As I said in past, bonus Neptunes will be used miners from their DC to make room for new chips and better hardware.

The Avenger

hero member

Activity: 798

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Let's not forget this "brilliant" prediction last May as to what the price of bitcoin would be in December 2014 Cheesy

Quote from: The Avenger on July 30, 2014, 05:31:48 AM

Scam Hole thinks bitcoin is heading for $2000-$3000 this year (http://youtu.be/jFpJ4pGQZKE?t=4m4s)...

I assume Scam has assured all the investors that it'll hit these number soon and they are going to make bank. As it's now February, people might be getting twitchy?

So I'm happy for btc to remain low all year, just so these VC guys implement their "exit strategy" and take kfc to the cleaners Tongue

Tigggger

legendary

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After the frankly underwhelming performance of the 20nm chip, (and in retrospect the 28nm chip given how much better everyone else's are) I wouldn't invest $1 let alone millions in the 16nm.

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Quote from: The Avenger on February 06, 2015, 07:39:21 AM

So why are VC's investing $15million in a company they could asset strip for only $1 - $2 million?

I'm guessing that KNC had to raise new capital to finance Solar tape-out and manufacturing. This means that they weren't able to retain enough earnings from past activities to self fund the new generation of hardware (hence all the operational problems we've witnessed this last year). They may have really just sold a call option on their future bitcoin production, which leaves them (and their investors) seriously exposed to a further decline in BTC prices over the next 18 months. In any case, they don't act like a successful company that is flush with cash.

Is it time to fork BTC to switch to X11 yet ? Will DRK gain serious mindshare ? Join us next week for more conjecture on the jiving, conniving, thieving, scamming quasi-criminal wild west world of crypto currencies ...

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Any sign of the batch 2 Titans ? Anyone here waiting on one ? At the time they announced batch 2 I had the clear impression that they were having a hard time selling out batch 1 so they closed batch 1, announced batch 2 (leftover batch 1), made some promises re: 400+ MH/s etc just to save face.

samsonn25

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I think this is the outcome also.

The Avenger

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Quote from: retro72 on February 05, 2015, 01:18:45 PM

I would think the KNC data centre alone is worth much more than $15mil so investors have millions in assets not mention IP to liquidate if it hits the fan.

I actually have been wondering about kfc's assets, if there came a day the VC's wanted to get their cash back.

kfc are renting the datorhall (unless they have bought it since last February, when the news was they were renting it).

So what assets do they have? 10,000 used PSU's, 10,000 beaglebones and 20-40,000 used arctic heatsinks. And lots of crappy metal shelves. The boards are worthless for anything but mining. And as we all know, even after a couple of months they depreciate massively as new tech comes out that surpasses them.

How much is all that worth? Assuming they are still renting the datorhall, I can't see their physical assets being worth much more than $1 - $2 million max?

So why are VC's investing $15million in a company they could asset strip for only $1 - $2 million?

Perhaps it'll be the VC's who end up serving justice to kfc, by stripping them bare of everything in court for their false promises.

My prediction is if bitcoin stays at $200 for the rest of 2015, kfc will be wiped out by December. Woohoo! Grin

Certainly the VC's will replace management and Scam Hoe will be gone back to the farm to look after his cows.

noddy2000

sr. member

Activity: 388

Merit: 250

ELYSIAN | Pre-TGE 5.21.2018 | TGE 6.04.2018

Quote from: Giulini on February 06, 2015, 04:53:23 AM

while there are many people in this forum crying more or less hysterical about the past, KNC announces the future: 16nm tape-out completed https://www.kncminer.com/news/news-124
think by yourself about "our" prospects

Thanks for paying get us off the ground, fuck you now 'you monumental assholes', we have real investors now (that will stab them in the back, just you watch this space).

Again, centralising a decentralised system! What can go wrong!!!!!

Giulini

full member

Activity: 192

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while there are many people in this forum crying more or less hysterical about the past, KNC announces the future: 16nm tape-out completed https://www.kncminer.com/news/news-124
think by yourself about "our" prospects

Fatman3001

legendary

Activity: 1526

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Make Bitcoin glow with ENIAC

Quote from: samsonn25 on February 05, 2015, 01:50:41 PM

They can always rent out the data hall site if all fails and btc mining really dies.

To who? Have you been in Boden? It's in the middle of nowhere. Actually it's a 4h drive from the middle of nowhere.

faetos

hero member

Activity: 744

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gotta let a coin be a coin

Quote from: The Avenger on February 05, 2015, 06:22:19 AM

- you just ~~clean the dust off them and~~ send the broken ones out to customers waiting for their bonus rigs Grin

FTFY - they won't bother to clean. That's imply respect for the customer. KnC ain't about that.

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

Quote from: retro72 on February 05, 2015, 01:18:45 PM

snip ... but as you probably know, investments are made on a number of factors, cash flow/turnover being just one. I would think the KNC data centre alone is worth much more than $15mil so investors have millions in assets not mention IP to liquidate if it hits the fan. Interestingly KNC have been quick to spout turnover figures but remain suspiciously quiet when asked about profit. There's a saying: Turnover for vanity, profit for sanity. Their annual report would be an interesting read.

I agree with you. The terms of the investment aren't public. It will almost certainly be secured on a preferred basis, with board of director representation if not control.

Btw, don't forget the value of all that existing customer goodwill too LOL

Topic: Swedish ASIC miner company kncminer.com - page 152. (Read 3049514 times)