Tag: KnCMiner

KNCMiner Has a New Owner: Swedish Entrepreneur to Relaunch Mining Operations

The Bitcoin mining firm KNCMiner has been acquired by a Swedish firm, following the former company’s bankruptcy. KNCMiner sold most of its assets following a bankruptcy procedure three months ago, however, it has now been disclosed that a Swedish company called GoGreenligh has received approval to buy most of the mining venture assets. The owner of GoGreenlight, Sten Oscarsson didn’t reveal details on the acquisition, it is worth noting that KNCMiner …
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Swedish Bitcoin Mining Firm KnCMiner Files For Bankruptcy

Founded in 2013, Swedish bitcoin mining hardware firm KnCMiner has filed for bankruptcy today. Its parent company, KNC Group, along with six other subsidiaries, have been placed into receivership under Nils Åberg, as reported by CoinDesk. According to report by Swedish Startup Space, a division of Sweden-based news service BREAKIT, the KnC Group board of directors took the decisions to close the company due to increasing competition from miners in …
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Bitcoin Classic Mining Hashrate Increases By Over 50%

An interesting shift in mining power is taking place in the Bitcoin world for quite some time now, as various mining pools have started supporting Bitcoin Classic. However, not too many Classic blocks were mined on a daily basis, begging the question as to whether or not miners were even interested in the current block size debate. More recent Bitcoin block stats show how there are a lot of more …
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KnCMiner Mines Consecutive Bitcoin Classic Blocks

The Bitcoin mining world is in an awkward state right now, as a wedge has been driven between mining pools and miners who support either Bitcoin Core or Bitcoin Classic. While this battle has no overall effect on the total Bitcoin hashrate in most cases, there seems to be a new competitive edge between both software solutions. Especially KnCMiner appears to be on a roll when it comes to mining Bitcoin …
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