KncMiner

Bitcoin mining hardware:- Current version - NEPTUNE




Other stories-
Business Insider: How is a Bitcoin "mined"?
Andreas Kennemar: Bitcoins are built from calculating an algorithm (or encryption problems) called SHA-256. By using the processing power from your ASICs or graphic cards, you try to solve the algorithm (called "solving a block") to create new Bitcoins. If you succeed in solving the algorithm, your result is verified by the other processing “computers” in the Bitcoin network.
If you are the lucky first to solve a block you get rewarded with Bitcoins, currently 25 per block. The algorithm also keeps track of how many Bitcoins are allowed to be created. If the creation exceeds more than 3600 Bitcoins a day, the difficulty to create Bitcoins increases. This means that it gets harder for the computers to solve a block and the amount of Bitcoins that can be created remains the same.
BI: What's different about a Bitcoin computer from a regular PC, like a high-end MacBook pro? Or a "supercomputer"?
AK: A Bitcoin computer has an ASIC chip specifically designed for calculation of the Bitcoin algorithm (SHA-256). This computer has only one task and can only perform that task. Because it is specifically designed for that purpose, it can calculate the Bitcoin algorithm extremely fast compared to a [regular computer] CPU or a graphic card.
We have spoken to Chinese engineers running the world’s strongest supercomputer  in China. If that supercomputer were to calculate the Bitcoin algorithm, it would be the equivalent of 40 of our Jupiter models [550 gigahashes per second, gh/s, or 550 billion computations per second] to be equal in performance.
BI: How fast can one of your top computer mine bitcoins?
AK: Current average mining speed of our fastest model (Jupiter) is 0.6 coins a day per device.
BI: Are serious Bitcoin minors also using supercomputers to mine?
AK: No, those computers can’t compete with our devices. The ASICs are specifically designed for calculation of the SHA-256 algorithm and the cost-per-Gigahash (calculation power) is much lower.

Neptune is our first 20nm product and will be shipping in Q1/Q2 of 2014.
The stats and performance that we can release today are

• Minimum 3000GH/s of hashing speed that 3TH Over 5 times the speed of our first Jupiter release
     (we reserve the right to increase this as we get closer to shipment)
• A 30% reduction in watts per GH
• Based on the existing Jupiter design (See photo, however this may change as development progresses)
• Shipment begins in Q1/Q2 of 2014
• Bitcoins first ever 20nm miner brought to you form the company who shipped the first 28nm bitcoin miner
• Limited batch of 1200 units, 
• Payment for this product is bitcoins and bank transfer only.
• All refunds will be refunded in dollars and you can refund up to shipment

$ 12,995.00

 

Stockholm-based KnCMiner sold $8 million worth of their new $10,000-a-pop bitcoin miners in 24 hours last Wednesday, according to KnC spokesman Alex Lawn. Bitcoins are mined by directing intense amounts of computing power at solving math problems. The faster and more efficiently you can solve math problems, the more bitcoins you get.
Bitcoin is structured so that it gets harder and harder to mine bitcoins over time, so there's a huge arms race to build the most hardcore computers dedicated to mining the coins.
KNC says it sold $1 million every hour for the first five hours the new unit, called the Neptune, went on sale, said the company spokesman. The huge sales are despite the fact that the product won't even be available until early next year.
The Neptune's headline feature is that it runs on 20 nm application-specific integrated circuits (ASICs), which means more circuits can be fitted on a chip, allowing for faster and more complex processing while using less power. Electricity costs are the principal limiting factor in mining bitcoins, and Lawn claims the Neptunes enjoy a 30% reduction in power consumption from the previous generation.  
It's impossible to know many Bitcoin per day the Neptune can produce, since it becomes progressively harder to mine one Bitcoin as more are produced. But technically, if the the current difficulty rate of mining Bitcoin were to remain, which KnC claims won't be the case, its new miner operating at maximum efficiency would capable of mining at least 2.1 bitcoins a day.
 A one-to-one comparison with previous models is also difficult, again for the progressing difficulty element.
Still, he said, customers could have already made up to $70,000 from their current 28 nanometer miner if they got it in October, when bitcoin was worth less than $200. It's new worth more than $1,000. Lawn also claims KnC customers already create nearly 70% of the bitcoins mined in a day. We can't verify that claim.
"We went right to the cutting edge, because we had to, as someone was going to, so it better be us," Lawn told us in a note. "A formula one race if you will. The competitors were late to the start line so they had to make wild claims, but I think they've taken it a bit too far. "20 nm is bleeding edge. We may well beat Apple as they plan to use it at 'some point' next year."
Lawn said KnC is hoping to begin shipping Neptunes by Q2 2014 at the latest.
The combined amount of processing power now being devoted to bitcoin is now greater than what the top 500 supercomputers combined are capable of, according to Forbes' Reuven Cohen. John Aziz recently discussed the moral implications of this, addressing the argument that all that computing could be more usefully directed at any number of pressing world problems.
But if you're looking for a high-growth industry, this is it.

                                                                                                                                     Important Doc