Tuesday, June 18th 2013
New ASIC Bitcoin Mining Products Producing 350 GHash/s, from KnCMiner
KnCMiner, a new entrant to join the bitcoin mining hardware community, are pleased to announce their range of state of the art, bitcoin mining machines. Designed in Sweden, the first 2 models, named Jupiter and Saturn, are powered by 28nm ASIC chips and will produce up to 350 GHash/s and 175 GHash/s respectively. The custom engineered ASICs have proprietary technology enabling market leading performance with low power consumption that is exclusive to the KnCMiner line of miners. Calculated with today's value of difficulty and dollar rate, the return of investment could be as short as 4 days.
"Today the bitcoin mining industry use shovels and pickaxes - We will offer them excavators", says Johan Rilegård, Head of Marketing. The interest for KnCMiner products has been truly impressive with orders arriving from all corners of the world. We are very pleased with the support from our customers and this only goes to show that KnCMiner are offering and producing devices that are exactly what the market needs. This overwhelming support proves that KnCMiner are leading the way as the most professional Bitcoin mining vendor in the market.
"Our design expertise together with long term relations with suppliers within the semiconductor industry guarantee the best possible product within the set time frame", said Marcus Erlandsson, CTO at ORSoC.
"With our financial systems background and the engineering expertise brought from ORSoC, our new joint venture will bring efficient Bitcoin mining to more people than ever before, at prices they can afford and with the high levels of service they deserve," said Andreas Kennemar, CEO Kennemar and Cole / CEO KnCMiner.
For more detailed technical information, development updates and videos of current shipping models, please visit this page.
The Jupiter and Saturn models are available to order now at kncminer.com for delivery in end September 2013.
"Today the bitcoin mining industry use shovels and pickaxes - We will offer them excavators", says Johan Rilegård, Head of Marketing. The interest for KnCMiner products has been truly impressive with orders arriving from all corners of the world. We are very pleased with the support from our customers and this only goes to show that KnCMiner are offering and producing devices that are exactly what the market needs. This overwhelming support proves that KnCMiner are leading the way as the most professional Bitcoin mining vendor in the market.
"With our financial systems background and the engineering expertise brought from ORSoC, our new joint venture will bring efficient Bitcoin mining to more people than ever before, at prices they can afford and with the high levels of service they deserve," said Andreas Kennemar, CEO Kennemar and Cole / CEO KnCMiner.
For more detailed technical information, development updates and videos of current shipping models, please visit this page.
The Jupiter and Saturn models are available to order now at kncminer.com for delivery in end September 2013.
12 Comments on New ASIC Bitcoin Mining Products Producing 350 GHash/s, from KnCMiner
May take a punt and place an order though.
From the Bitcoin Wiki:I, for one, welcome our new ASIC overlords. It means bitminers will stop buying up all the damned graphics cards off ebay. I've been trying to find a second 5870 on the cheap for a while now.
I honestly am surprised and happy to see this type of article at tpu.
There are some pretty massive jumps in difficulty visable. This makes me think that bitcoin ASICS have been around for about a month now. Still though, gpu mining is still worth it if you have the gpu's already. I wonder how much longer it will be though. I give it 1-3 months.
www.butterflylabs.com/
5GH/s ~ $300
25~$1300
50~$2500
500~$23,000
products.butterflylabs.com/
Theoretical benchmarks seem to indicate performance should be pretty close.
I suspect why it's being bought and sold for so much now is that it's a old (and therefor supposedly "undesirable" card) that's compatible with a lot of distributed computing projects (Folding, BOINC, Bitminers, etc). Lower price than the $170ish the 6970 and about the same performance.
As far as the viability of GPU mining, it is already obsolete for many people, and this is even if you already have a card. There is no reason to mine with a 40nm GPU (5000/6000 series) today if you have expensive electricity. It only makes sense for me since electricity is cheap where I live (7.7c/kWh). I calculated that I should turn off my 6970 when difficulty reaches 30 million, which should happen within a month. My 7970s (and all 28nm GPUs) should last a little longer, but I calculated a difficulty of 60 million being unprofitable, which would be sometime around mid August if the difficulty trend continues. Look for a flood of GPUs on the market in the coming months due to this.
As for the person looking for a second 5870, why not just buy a faster single GPU? The 1GB of VRAM on the card is what will limit your performance, and a second card won't help that.