Is KnCMiner Finally Issuing Titan Refunds?
KnCMiner Can't Compete in hardware sales, but they might be making it up to their customers now. KnCMiner has been unable to produce quickly and ship mining equipment for some time now. After it's lengthy eight-month wait for Neptune miners, they've decided to do the right thing and stop selling mining equipment to independent miners. KnCMiner will now be selling cloud mining instead. There are reports from KnC customers that Titan order refunds are being processed, according to GAW CEO on HashTalk. That is sure to make lots of KnCMiner Customers happy if true. If KncMiner continues on....
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Earlier today, KnCMiner updated their website to reveal a Litecoin Mining Hardware tab, right next to their Bitcoin Mining Hardware tab. Under the new tab, KnCMiner reveals information on their newest ASIC miner: The Titan. The Titan is a 100 MH/s Scrypt ASIC that is designed to be used on the Litecoin network. Of course, there are hundreds of other Scrypt-based altcoins that are clones of Litecoin with slightly modded parameters. The Titan can be used to mine on any of those altcoins as well. The Titan costs $9,995 to preorder and shipment is slated for Q2/Q3 of 2014. KnCMiner has also....
KnCMiner has announced the tape-out of its Titan scrypt miner. This means every detail in the chip design has been finalized and it is now moving on to manufacturing, no chip design changes are possible beyond this point. The company said the first batch of Titan miners will ship "well within" the promised timeframe for pre-order customers, which is the third quarter of 2014. KnCMiner also told CoinDesk that the first batch of Neptune miners is expected to ship before the end of the current quarter, ie by the end of June. The company could not specify an exact date, but one will be....
KNC Titans from the first batch were scheduled to ship within Quarter 2 and Quarter 3, but October is the first month of quarter 4. Many KNC Titan customers have yet to receive their unprofitable KNC Titan units. KNC is not just violating the mandatory 14-day refund laws in their country, but they are refusing to offer refunds for products that they aren't even shipping in the promised time-frame. That has left some customers wondering if KNC has absconded with their over $10,000 payment. Also see: KnC Titans Failed to Ship Last Week Due to Firmware Issues. KNC Titans - No Refunds, No....
Seven hours ago, KnCMiner took to social media to tweet one simple sentence. So we have updated our performance of our titan product a little. It will now be 250MH/s. The full update can be found at this link. 250 MH/s is a 250% improvement over the previously promised 100 MH/s. The price tag on the KnCMiner Titan remains unchanged despite this “little performance update.” At 250,000 KH/s for the price of $9,995, the $/KH/s (~$0.04/KH/s) is currently unmatched by any other Scrypt ASIC company. The updated Titan product page on KnCMiner’s website is shown below. Also, KnCMiner is....
KnCMiner has revealed a few interesting details about its upcoming Titan Scrypt miner, which is expected to ship this summer. The company updated the Titan spec in March, revising performance figures and pledging to deliver upwards of 250MH/s - it originally promised 100MH/s. KnC now says that the Titan ASICs will hit 300MH/s. Each miner will include four ASICs featuring a "record-breaking" 2,284 cores each. Each chip will be capable of running 18,727 threads, so each Titan will end up with 9,136 cores running 73,088 threads, the company claimed. KnC says the chips feature 300MB of onboard....