Despite all their announcements of new chips, their share of the network hashrate continues to drop. Down to 4%. If they had new chips, like they said they did months ago, they would have deployed them by now. If you run some numbers based on their cost of electricity, and estimates of their infrastructure costs and the cost of even a few employees in Sweden, they're barely making anything at all. I hope we get to see some more leaked financials, because they were in terrible shape last time we got a glimpse, bleeding almost $1 million a week. Throw in R&D on a new chip, and they've probably already blown through the $15 million they raised.
My only worry is that their bankruptcy will prevent them from paying backing the millions of dollars they stole from customers. I'd bet we never see another product form KNC again. Perhaps they will produce something, but I think they'll be long forgotten in another year or two.
My only worry is that their bankruptcy will prevent them from paying backing the millions of dollars they stole from customers. I'd bet we never see another product form KNC again. Perhaps they will produce something, but I think they'll be long forgotten in another year or two.
Either way, hopefully they are buried by the end of the year. Fuck KNC.
