KnCMiner Sold $3 Million of Bitcoin Mining Rigs in Four Days
The next time someone asks the folks at KnCMiner, "how's business?", they'll probably tell you they're doing very well. That's because the Sweden-based company has raked in about $3 million in Bitcoin mining equipment sales in the past - wait for it (but you probably already read the title) - four days. As opposed to a company like Butterfly Labs who continues to take orders while unable to timely meet demand, KnCMiner has posted a banner letting their customer know they're sold out of Saturn and Jupiter miners during their sale from November 7 through November 11. "[this] has been....
Related News
KnCMiner sold a whopping $3m worth of bitcoin mining equipment over the course of just four days last week. The Sweden-based mining machine manufacturer has now sold out of Saturn and Jupiter rigs and has taken its maximum number of pre-orders following the frenetic period of sales from 7th November to 10th November. Andreas Kennemar, CEO at KnCMiner, said: "While we have seen a significant increase in demand for our line of machines from the last quarter to this one, what happened in [that period] has been unprecedented for us, maybe unprecedented anywhere in the bitcoin mining industry."....
KnCMiner has finished production of its Jupiter bitcoin mining rigs and has started shipping to customers. The Sweden-based company revealed in a YouTube video that the Jupiter will mine at over 550 GH/s with a theoretical limit of around 576 GH/s, which is considerably higher than the 400 GH/s promised back in July. In the video, KnCMiner co-founders Sam Cole and Marcus Erlandsson show off the Jupiter rig in action and demonstrate its hashing power. "It has been a long summer and to have predicted our own deadline from five months out and hit it with 45 minutes to spare just proves how....
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. Moreover, because of the clear shortage, bitcoin mining rigs being sold on secondary markets have seen values increase by 30-40% per machine. Bitcoin Mining Rigs in China Sell Out, Miners Grow Worried About Future Supply Bitcoin mining is extremely competitive,....
KnCMiner has cut the price of its mining rigs by as much as 28%, with the Saturn now on sale for $2,995 and the Jupiter for $4,995. The company also revealed today that the Mercury bitcoin hardware miner has been discontinued (this previously came with a price tag of $1,995). All orders placed from today will be delivered from mid-November, but existing orders will be shipped no later than 15th October. Miner nameOld priceNew pricePrice decrease. Saturn$3,795$2,99521.1%. Jupiter$6,995$4,99528.6%. Mercury$1,995DiscontinuedN/A. Sam Cole, co-founder of KnCMiner, said the company decided to....
It turns out that a $10,000+ pricetag is no factor for some buys, because KnCMiner has been selling Neptune bitcoin miners (which are slated to be released in early 2014) like they're hot cakes on a brisk Sunday morning. The news coming in is that KnC press officer Ian Chaffee says the company has sold 1,200 Neptune units to existing customers and another 1,200 units to new customers. Existing customers' units were priced at $10,000/per and new customers paid the price of $12,999/per. That brings the grand total to roughly $27,598,800. Undoubtedly impressive. Not terribly long ago, it was....