Topic: Swedish ASIC miner company kncminer.com - page 544. (Read 3050075 times)

Here's the post mentioned earlier about an announcement

Probably a week or two.

Interesting how KNC could execute a 51% attack on the entire scrypt network with only a few million dollars. Looks like the whole purpose of scrypt (resisting asics) has failed.

I'll never forget this line.....   " We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole.

Said just like they think they are doing us a favor with those boards they taunted us with.
While sucking the entire network's wealth dry.
Such a chore "Breaking" the coin yourselves... "Serving" 3 mil a day... Thank you so much.

Okay, so we should all stay silent until there's something new in KNC news? ... and let KNC pull more wool over our eyes without any rebuttal or speculation?
Good luck with that.
I got news for ya...   even some of the biggest doomsayers in here STILL have Neptune on order, and have every right to vent in here, and warn others.   Yes...even Edgar     Just sayin'

off topic is off topic tho, and agree.

But if you are referring to the tax issue, it's totally relevant and "on topic" to any miner, or anyone contemplating purchasing one. ANY MINER.

With that said...

I just love how the IRS decides to slap on the BTC taxes in such a big way only two weeks before taxes are due. Most individuals and businesses have long since completed their taxes, and now have to file amendments before the 15th, or face another 10% penalty for filing late! And Miners in USA are especially screwed, enjoying a 25 to 45% income tax on what was mined, which is tallied at the value the day it was mined, which forces a daily cashout, or you incur capitol gains on top of that. You, as a Miner in USA can literally be taxed up to (39top CapGain) +(35% top Income tax) a whopping 74% for mining, and holding (if held less than 1 year)Yes.... Seventy four percent! Feeling abused yet? .. You simply cannot mix income tax with Capitol Gains without losing out bigtime...
Mining needs to be treated exactly the same as CGains only, not income tax, it just is not fair or realistic, and adds a speculation that makes mining too risky in USA imho... period.
Income tax on mining? That's like buying a job at wallmart for 10 grand, and getting taxed triple for doing it.

It's likely they traded btc for usd then usd for kroner (or just held the usd)

I E-mailed the author to find out... will let y'all know
Kronor or USD

But I'm still thinking it may be USD...  
Isn't that the preferred denomination when purchasing Products through bank transfer at KNC?
...and I'm not sure there is an exchange that has enough trade volume in kronor to handle that.... or any exchange that handles kronor... is there?

Same ash(c)ole KFC farm has even become bigger and bigger.
What a fuckers.

i'm sure you are right im not looking too far into it

I don't buy that BS. What exchange has the volume to do that, and trades in kronor? none.
And no, Kronor doesn't translate to "USdollars", it translates to "crowns." in English, so no.
Go to google and try it  yourself.

How's that? They specifically said USDollars in the interview....

3million kronor mate - ~$500k
it was pointed out above somewhere.