SOURCE: KnCMiner

KnCMiner

December 10, 2013 16:00 ET

KnCMiner Debuts Most Powerful Bitcoin Miner in History at Inside Bitcoins Conference

New "Neptune" Hardware Is More Than Five Times as Powerful as Units That Shipped Last Month; Limited Amount of First 3 TH/s Miner Available for General Ordering at $12,995

LAS VEGAS, NV--(Marketwired - Dec 10, 2013) - INSIDE BITCOINS -- KnCMiner (www.KnCMiner.com/), a manufacturer of state-of-the-art Bitcoin mining machines, today began general pre-ordering of its next-generation Neptune Bitcoin mining equipment. The machine has already been available for pre-order to existing KnCMiner customers, a pre-sale that included the company taking $8 million in orders in just 24 hours. The company anticipates that continued strong demand means that the Neptune model will completely sell out before Christmas, with a total worldwide shipment of only 2,400 units. Pre-order pricing is $12,995.

"While we have seen a significant increase in demand for our line of machines from the last quarter to this one, unprecedented anywhere in the Bitcoin mining industry," said KnCMiner CEO Andreas Kennemar. "We're now focusing on doing everything we can to meet the demand we expect we will continue to receive, especially as Bitcoin's popularity continues to soar."

The Neptune is KnCMiner's first 20nm product and will be shipping in the first and second quarters of 2014. It has a minimum 3,000 GH/s (300,000,000,000 hashes per second) of hashing speed, five times faster than the speed of the company's first Jupiter release. This incredible speed is accomplished despite a 30 percent reduction in watts used per GH.

Subsequent to selling out its production supply for December in just a matter of days, KnCMiner also sold out a $600,000 supply of upgrade modules in under five minutes to existing customers who already have rigs. KnCMiner has produced almost $45 million in total global sales of its Bitcoin mining rigs to 120 different countries in the company's eight short months of existence since April 2013, rapidly going from market entry to market leader. The company soon will begin taking pre-orders again to meet this historic demand by miners who are participating in the new "digital gold rush."

KnCMiner offers Bitcoin mining hardware that is faster and more efficient at producing the virtual cryptocurrency, at competitive prices, while keeping energy costs lower and mining areas cooler. KnCMiner has partnered with the biggest names in supercomputing, including a recent partnership with Alchip Technologies, to deliver rigs that can hash faster and more efficiently than any others on the market. KnCMiner's line of Bitcoin speciality machines, including the popular Jupiter and Saturn models, contain proprietary technology with custom-engineered ASIC that provide the highest production performance on the market with energy-saving features that are unique to the product line.

For more details about KnCMiner, and specific lines of machines such as the Jupiter and Saturn, please visit www.KnCMiner.com.

About KnCMiner
KnCMiner is a Swedish company founded in 2013 as a joint venture between ORSoC AB and Kennemar & Cole AB. KnCMiner produces a popular line of machines to help Bitcoin producers mine the digital cryptocurrency more effectively and more efficiently at overall lower cost. For more information, please visit www.KnCMiner.com.

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