Everyone, A lot has happened in the last few weeks, so we thought it was time for a new update. The main focus of this newsletter will be around the following topics: Jupiter’s performance increase. A new product called Saturn. More information on our approach to Litecoin mining devices. Things we are working on in the next few weeks. Update of Jupiter performance https://www.kncminer.com/products/jupiter We have previously announced that Jupiter will have a minimum performance of 250GH/s. We can now be a little more accurate and say that it will be above 350GH/s. A few improvements have allowed this to happen. One of them is that we are now able to use the 28nm technology in our standard ASIC design. Delivery is also important to our customers so we can also narrow down from saying autumn to the latter part of September 2013. This is still a compressed timeline but we are very confident we can meet our deadline. (Which in terms of Standard cell ASIC design is a very aggressive time frame.) We are able to commit to this deadline because of the experience that ORSoC brings. The last update around Jupiter is the price. We previously stated that it would be between 7000 and 8000 USD per device. The final component costs are all in and we can confirm that the price will be 6995 USD. So to recap. Jupiter now comes with: 350 GH/s. 28nm Standard Cell ASIC chips. Shipment in September 2013. 6995 USD price tag. Announcement of Saturn https://www.kncminer.com/products/saturn We have had many people asking for a cheaper ASIC device, which would still give great value for money in terms of hashes per dollar. So we have listened. We have created Saturn, Saturn is a 4 blade device. (Jupiter is an 8 blade device) Saturn still offers great value in terms of hash per dollar, but has a much more favorable purchase price of 3795 USD. It will have a minimum performance of 175 GH/s and because it’s based on the same modular design as Jupiter, they will ship alongside each other in September 2013. So to recap on Saturn: 175 GH/s. 28nm Standard Cell ASIC chips. Shipment in September 2013. 3795 USD price tag. Litecoin device A common request arriving on our desks is around us producing a Litecoin mining device. We have stated that we are looking into it, to see if we can develop a device that would make sense for the Litecoin community. What we would like to say at this stage is that we are removing things form our plate which in any way delay the shipment of our ASIC based Bitcoin mining hardware, having said that if we have any space in our resources. (Which we may increase in the near future) They are being targeted at producing a Litecoin device. So as of today it’s on the plan but is second only to the ASIC Bitcoin devices. We will continue to conduct research into Litecoin devices and see exactly how challenging it would be to produce an FPGA type setup for mining Litecoins. The coming weeks Next week we will have a demo video of our Mars device uploaded for everyone to see. So at this point we would like to invite the community to select people to come to our offices. Those people would be able to meet the engineering team and have a look at our prototype. If you would like an invite please send us an email. We will try to accommodate as many people as we can. Above all we would like to say thanks again for all of your feedback. Keep it coming it allows us to produce better and more targeted products. KnCMiner Team
KNCminers CEO, Sam Cole dumping Bitcoins worth 466,000USD on various exchanges everyday.
As you all know, KNCminer builds and develops mining rigs used to mine SHA256-coins and Scrypt-coins. So far so good. What you dont know is that they bought an old helicopter-hangar in northern Sweden (5.500 m2) to simply mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer." My theory: KNCMiner have been mining lots of Bitcoins with their powerful rigs, dumping it on the market. When difficulty goes up they ship them to us for 9,995 dollar each. I think they are doing just the same with their new scrypt-rigs, just check litecoin difficulty: https://bitcoinwisdom.com/litecoin/difficulty 80% harder to mine than one month ago, it is so obvious KNCMiner are mining loads of SCRYPT-currencies to dump on us. When difficulty have gone up, they will sell their used rigs to us. http://www.di.se/artikla2014/3/20/drar-in-en-halv-miljard-pa-bitcoin/ Article translated: Draws in half a billion on bitcoin Swedish KNC Miner, which sells servers for mining bitcoin, has pulled in more than half a billion in revenue since its launch last summer. This extended operations with a new server for the excavation of another virtual currency, litecoin - a launch that already generated SEK 27 million in revenue. In mid-February, the Swedish IT company KNC Miner hit the headlines with the news that they would build one of the largest data centers in Constance. The company is therefore the second, after Facebook, Norrbotten who choose to build a giant data center. An old helicopter hangar at 5,500 square feet is now starting to be filled with KNC Miners specially developed servers that devotes his days to "break" new bitcoin. The virtual currency is produced namely of advanced servers cracking algorithms. "We are serving more than three million dollars a day to resell the bitcoin we break ourselves," said Sam Cole, founder and vice president of KNC Miner with 80 employees and offices on West Higgins Road in central Stockholm. Besides producing and selling bitcoin feeds KNC Miner to develop, build and sell specialized servers called bitcoinbrytning. The best seller is called Jupiter, which is now being followed up with twice as powerful server Neptune. "Since the company was founded in June 2013, we had revenues of $ 78 million (half a billion dollars)," said Sam Cole, with his roots in Britain. On Wednesday, the company rolled out a new line of servers they call Titan. Unlike the company's other products, the Titan server is not focused on bitcoin, but on the other virtual currencies. "Titan is our first server that focuses solely on scripts basse conditioned virtual currencies Litecoin" said Sam Cole, referring to the currency that is currently the second most popular after bitcoin. The new servers have been selling like hot cakes. On one day have KNC Miner received over a thousand orders for Titan servers. "We have confirmed revenues of $ 4.2 million (27 million)," said Sam Cole. In June it will be time for KNC Miner to close the books for their first year as a company. Sam Cole does not exclude in the first year will be a billion companies. "We will have over 100 million dollars in revenue (640 million) for KNC Miner Group in late June, I can say with confidence," he says. KNC Miner AB is based in Stockholm but has all of its revenues in dollars. Even when the company will charge you in bitcoin is careful to immediately switch the virtual currency to U.S. dollars, according to Sam Cole, who founded the company along with three Swedes. Behind KNC Miner is two companies: Kennemar and Cole (founded Sam Cole and Andreas Kennemar) and ORSoC (founded by Marcus Erlandsson and Michael Unnebäck). http://www.di.se/artikla2014/3/20/drar-in-en-halv-miljard-pa-bitcoin/
Hi everyone, it’s time for another newsletter from us. Today we will cover: Online video demo of Mars The future of Mars More specifications of Jupiter and Saturn Our little lottery giveaway Order book opening Online video demo of Mars We made a promise to you all not to take any payment of any device until we could show you a working prototype, well today it’s finally here. Our developers have been working almost round the clock to get this box hashing as fast as possible, we said Mars would hash at 6 GH/s and in the video you can see exactly how fast we managed to make it go. The Mars prototype is as the name suggests, a prototype. As you can see it doesn’t even have a case yet. The performance of our device is, and always will be, more important to us than the look. We know it won’t win any design awards but we are engineering for speed first and foremost. Please have a look at the video which can be found here. http://youtu.be/foeBUcagT2s 100% The Future of Mars Even with the new improvements of the Mars device it still has a few issues. It’s not anywhere near as efficient as Jupiter or Saturn in terms of $’s per Hash and it will really only mine Bitcoins. To sum up, we don’t think with the difficulty increasing at the current rate it’s good value for money and if it’s not good for you it’s not good for us. We will let our competitors sell devices with this kind of speed so we can concentrate on the ground breaking devices. We know a lot of people have ordered the device simply to gain a queue placement for Jupiter and quite a few people have asked us not to send them the device but to charge them and just allow them to use the queue placement. So given all of the above we have decided that we will remove Mars in its current form from sale. That leaves a few questions I’m sure. So let me try to alleviate your worries, anyone who has a registration for the Mars device will be able to use that queue placement for either a Jupiter or a Saturn, simply order one of those in the our shop with the same email address you registered your Mars device against and we will do the rest. Then there are the people who wanted the Mars device to mine other types of coins, what we will do is produce a new device based on the Mars type setup (with a case). It will be announced fully in the next few months but I can tell a few things today. We will target this new device against all the currencies we can. Not just litecoin, namecoin etc but also many others. The new FPGA based device will then have a much longer life expectancy and produce a much better ROI than Mars ever could. We will also be making updates available to the firmware if and when new types of coins come out. Removing Mars from sale will also free up some of our internal resources enabling them to work on Jupiter and Saturn and hopefully bring the delivery of those devices forward. Order books now open for payment The order books are now open for the first time allowing full ordering and payment of the Jupiter and Saturn devices. Everyone already has their place in the queue so we are giving everyone 7 days to pay and maintain that place. If there are any technical issues with our website or payment portals over the next 7 days we will of course increase this period accordingly. Once the 7 days are over we will provide everyone with their final shipping queue placement. We are able to ship hundreds of devices a week using the agreements we have in place with the factories so we still expect to be able to serve the vast majority of customers in September. Unlike others in this industry we will not be doing the assembly in house it will be done at the same professional assembly lines which ORSoC have been using for years. visit www.kncminer.com for more info Our little lottery giveaway for those of you who are able to pay in the first 48 hours starting from now. we will enter your email address into a lottery. After 48 hours we will randomly select three queue numbers, the first name chosen will get a free Jupiter and Saturn, the second will get a free Jupiter and the third will get a free Saturn. We will then contact you and ask if we can make your name and country/state public on our site. We will add the devices to your account and ship them free of charge to you along with your order. Hosting We will also be offering tailored hosting of our own devices. Hosting packages offered will be specially made for each hosting customer. Please contact us at [email protected] for more information about hosting. Some benefits of hosting: No costs for shipping/import taxes All costs included no hidden extra management fees Your hardware will be monitored 24/7 by our staff Your box will hash for you on day one 95% uptime guarantee For those of you interested in hosting please choose Stockholm pickup as the shipping method We will release final costs soon and if you want to use our hosting that’s fine, if you want to then have the box shipped you can simply pay for the shipping and we will ship your box instead. What’s next? What we will do over the next few weeks is provide more news on our Website/Facebook page and our Twitter feed. We will send out regular newsletters and keep the news section of our site up to date with all development. If you have any questions or comments feel free to email us at [email protected]
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