Tag: Bitcoin mining

Because of Block Reward Halving, KnCMiner Files for Bankruptcy

Published on 2016-05-28 16:14
The Swedish Bitcoin Mining firm KnCMiner has filed for bankruptcy. For the reason; it has pointed a finger at the anticipated halving of the Bitcoin reward sometime in July 2016. “Effectively our cost of coin – how much we produce the coins for – will be over the market price,” Sam Cole, the firm’s CEO has explained, “The price is... read more »