Blog KnCMiner Joins Bitcoin Foundation at Platinum Level
We knew that KnC has been gaining huge profits now they begun to spend some of their income… Staring with a decent 100.000$ Platinum member fee to the Bitcoin Foundatin… We bet the foundation was quite happy to put their logo out there. In five short years, Bitcoin mining has inspired cutting edge innovation and breathed new life into the silicon industry. Leading the pack is our newest Platinum member, KnCMiner. “We are avid believers in Bitcoin and its potential to shape the future of digital transactions worldwide — most notably for millions of people traditionally locked out of the....
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Announced today on the Bitcoin Foundation blog was news that the Bitcoin Foundation has added a new Platinum member. If you haven't already guessed by the headline, it's KnCMiner, the Sweden-based mining hardware manufacturer. Ordinarily, the new addition of a Bitcoin Foundation member is, well, uneventful. But when a new Platinum member is added, let's just say it's a little bit of a big deal. Why? Because with KnCMiner included, that means there's only two Platinum members. The other member is the Bitcoin Store. "We are avid believers in Bitcoin and its potential to shape the future of....
On May 9th, the Bitcoin Foundation (TBF) announced election results for two new board members to replace Charlie Schrem and Mark Karpeles. Only 102 Bitcoin Foundation members were eligible to vote, of those 31 abstained. Bobby Lee, head of BTC China, was brought on board with 79% approval. Also elected, with 65% approval, was KnCMiner.com co-founder, Brock Pierce. KnCMiner is currently the sole purchaser of TBF's $100,000 platinum membership. As per TBF's announcement, Pierce co-founded three other Bitcoin companies and "angel-invests" in Bitcoin startups. Conspicuously unannounced was....
Original Neptune announcement image. KnCMiner has previously received a lot of attention as the first "legitimate" Bitcoin ASIC manufacturer especially after the BFL fiasco, but has this once widely-touted company lost its touch and turned to the dark side? Editor's Note: KnCMiner's CMO, Nanok Bie, has reached out to CCN to clarify that no Neptunes are being used in their datacenter. Furthermore, he clarified that KnCMiner's 5% of total network hashrateincludes the hashratethat they sell in contracts; that is to say, KnCMiner makes less than $3.6 million USD a month from mining. He also....
J-J's broken KnCMiner Super Jupiter. KnCMiner has started shipping a 3 TH/s Bitcoin mining box, the largest single Bitcoin ASIC miner in existence at the moment. The unfortunate part, though, is that none of these KnCMiner Super Jupiters arrived at their destination in one piece. KnCMiner has responded promptly on their forum, promising to ship new, properly constructed, units to affected customers, free of charge. KnCMiner also emphasized that customers needing to RMA their Super Jupiter would not have to pay return shipping on the existing $10,000 “machine” that was shipped to them; they....
Cryptocurrency mining hardware company KnCMiner has defended itself against claims it had potentially attempted to mislead customers with its new hosted mining offer. KnCMiner customers have recently taken to reddit to complain about the Stockholm-based company's use of small print accompanying its new offer, which removes customers' rights to benefit from the previous 2-for-1 Neptune offer. "It was never our intention to deceive people," said Sam Cole, co-founder of KnCMiner. Conflicting offers. On 28th April, KnCMiner offered every customer who had an outstanding order for the first two....