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KnCMiner Review: The Best and Top ASIC Miner (For Now)

August 16, 2013 By Matt B.

Ter this KNCMiner Review wij dive deep into the company and its products. KnCMiner is developing ground cracking Bitcoin mining equipment exclusively designed and tailored for the Bitcoin market. This miner wasgoed conceived ter January 2012 spil a snaak venture inbetween a Swedish chip designer (ORSoC AB) and a Swedish IT consulting rock hard (Kennemar &, Cole AB).

The combination of their respective unique expertise has made KnCMiner the best and top ASIC Bitcoin miner for now, especially based on the products the company offers to the Bitcoin industry.

For example, ORSoC AB Company has a proven long record of expertise with embedded electronics development, mainly focused on FPGA and ASIC designs. This can be attributed to the fact that it has bot serving most global companies for more than ten years with vormgeving services that are ingewikkeld, and hence this serves to confirm that KnCMiner will be the best hardware development team for the longest time possible.

Major Update, Nineteen March, 2014: KNCMiner leaps to Litecoins (Scrypt) with, 100MH/s Scrypt MINER!!

Why KnCMiner is the Best and Top ASIC Miner for now

There are several things that make this ASIC miner standout from the existing Bitcoin market competition. For example, KnCMiner offers high vertoning mining products ter combination with other services that are poised to make its products cost effective and enormously effortless to mine Bitcoins ter the nearest future. Ter fact, the foundation of this company is based on high spectacle mining hardware suitable for people with different levels of technical expertise spil well spil with different financial strengths.

This has made it possible for anyone interested ter mining to get a mining hardware that’s more suitable for their objectives. There is no other miner that serves all levels of miners, from individual to business. KnCMiner’s support service is more than just incredible because it can treat whatever zuigeling of issues or questions that you might have.

Spil the mining difficult increases with the release of the 50GH/s -60 GH/s ASIC device from other manufactures, KNC miner stands out. Any miners that has 200Gh/s and above ASIC device miners are ter a better spot to see a superb ROI te a brief time.

Also unlinke other manufactures, KncMiner will be shipping on request with no “batch shippment” production orders (like Avalon) or Long wait times like Butterfly labs. This is because they have the backing of a strong company (ORSoC).

KnCminer also provide upgrading options. This permits you to upgrade the ASIC modules to the next level. So if you purchased a Mercury device it is possible to upgrade to a Saturn or Jupiter at a zometeen date.

Ultimately KnCminer now also offers hosting services. They will host your ASIC device at their facility and manage the overheen health of the system (Good option)

KnCMiner Review: Product line

There are numerous KnCMiner’s custom-built Bitcoin miners that are available at the uur, and unlike other mining companies they ship there products ter a timely manner.

1. Neptune (2nd Batch) Announce

Kncminer has switched the mining environment and now they are set to take it to the next level with the release of their Neptune device. The unit is set to hash at 3TH/s or (3000TH/s) which at current bitcoin prices means you will see a positive ROI within 1 week (or two max)!! Check a Profit Zakjapanner here). If you are getting into mining you have to go big and make Giant profits te your very first two months and this miner will do just that.

  • Ondergrens 3000GH/s of hashing speed that 3TH Overheen Five times the speed of our very first Jupiter release
  • A 30% reduction ter watts vanaf GH
  • Shipment starts te Q1/Q2 of 2014
  • Limited batch of 1200 units,
  • Existing customers only can buy at this price other batches will be released straks to non-existing customers at a higher price.
  • Thesis items will be on sale for two weeks at this price or until it has sold out whichever comes very first
  • Payment for this product is bitcoins and canap transfer only.
  • All refunds will be refunded ter dollars and you can refund up to shipment
  • You can order for this ASIC miner for approximately $ 9,995.00

Two. Jupiter (Update March Nineteen, 2013: Discontinued now legacy device )

Jupiter offers 550 GH/s and runs at a maximum power consumption of 1000 W. Also, this device is expected To feature 28nm standard cell ASIC Chips, a smaller chip set that permits for more energy efficiency and mining density. It is necessary to mention that thesis chipset are designed specifically for all KnCMiner’s Bitcoin miners by ORSoC.

This device stands at the top of the market and KnCminer plans to proceed to improve the efficiency and effectiveness of the device.

  • Update: 650GH/s ( 550 GH/s ) vanaf device (previously 400 GH/s: Awesome Job KNCMiner)
  • 28nm standard ASIC chips
  • Use a standard ATX power supply (Maximum 1000w needed).
  • Embedded Linux device to permit for standalone mining
  • You can order for this ASIC miner for approximately $4995.

Trio. Saturn (Update March Nineteen, 2013: Discontinued)

The Saturn device doubles the vertoning of the Mercury device and feature an updated 200 GH/s vanaf sec spectacle,( primarily it wasgoed 175 GH/s vanaf sec). This KnCMiner’s miner costs about $3795 and runs at a maximum power supply of about 500 Watts, providing Saturn a hypothetical Two.Five GH vanaf sec for every watt used. Just like the Mercury, this miner is being designed ter conformity with ORSoC engineers.

  • 200GH/s vanaf device
  • 28nm standard ASIC chips
  • Use a standard ATX power supply (Maximum 500w needed).
  • A modular vormgeving that permits for future expansion
  • Embedded Linux device to permit for standalone mining
  • You can order for this miner for approximately $ 2995.

Four. Mercury (Update September, 2013: Discontinued)

This Bitcoin miner is expected to provide the highest voorstelling te the industry and somewhat lower power consumption vanaf GH/s, and is being designed by the company ter correspondence with ORSoC engineers. Some of the key anticipated features ter this miner includes:

  • 100GH/s vanaf device
  • 28nm standard ASIC chips
  • Use a standard ATX power supply (Maximum 250w needed).
  • A modular vormgeving that permits for future expansion
  • Embedded Linux device to permit for standalone mining
  • You can order for this miner for approximately $ 1995.

Where Can You Buy the Best ASIC Miner?

If you are serious ter getting into mining Bitcoins then a KnCminer should be your choice. Any practice miner knows that it comes down to Hash rate and power consumption. This makes KNC miners the logical choice. Go after the verbinding below to the kncminer webstek and get te the spel now. Te mining time is money.

Click here to Grab your ASIC Miner at KnCMiner webstek, Price Druppel and Taking Orders!!

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A chain of block eruptors used for Bitcoin mining. Stephen Lam/Getty Photos

A thick aircraft hangar te Boden, te northern Sweden, big enough to hold a dozen helicopters, is now packed with computers–45,000 of them, each with a whirring fan to zekering it overheating.

The machines work ceaselessly, attempting to solve fiendishly difficult mathematical puzzles.

The solutions are, te themselves, unimportant. Yet by solving the puzzles, the computers earn their owners a prize ter bitcoin, a digital “crypto-currency”.

The machines te Boden are te competition with hundreds of thousands more worldwide. The very first to solve a puzzle earns 25 bitcoins, presently worth $6,900. Since bitcoin’s invention te 2008 by a mysterious figure calling himself Satoshi Nakamoto, people have increasingly traded it for real money, albeit at a insanely varying price (see chart).

Albeit there are only $Three.8 billion-worth of them ter circulation–about twice the value of Paraguayan guaranГ­es te use–bitcoins have three useful qualities te a currency: they are hard to earn, limited te supply and effortless to verify.

But stability is significant too: just overheen a year ago a bitcoin wasgoed worth four times spil many dollars spil now. But then Mt Gox, the crypto-currency’s largest exchange, collapsed and the bitcoin bubble burst.

Critics make comparisons with 17th-century “tulip mania”, and predict that bitcoin mania will fizzle out ter similar style. On January 5th Bitstamp, another bitcoin exchange, halted operations and reported that Nineteen,000 of the currency units had vanished te an apparent hacking attack.

The price collapse and the exchanges’ woes do not tell the entire story, tho’: enhancing numbers of businesses are accepting payment te bitcoin, including Time Inc and Microsoft, and whatever the fate of bitcoin, the technology may spawn a range of alternative crypto-currencies and provide the poot for other businesses involving such things spil the transfer of assets.

When Mr Nakamoto announced his invention (but not his true identity, see book reviews, “Bitcoin: Much more than digital contant”), several digital-cash schemes, including DigiCash and e-gold, had failed, or were ter their death throes. But whereas some had attempted to create the electronic equivalents of bills and coins, bitcoins only exist spil entries ter a giant electronic ledger called the “blockchain”.

This contains the history of every transaction te the coin, and copies of it are held on many computers around the world. What this means is that unlike conventional currencies and earlier digital ones, bitcoins do not need trusted third parties to treat flows of money or a “central handelsbank” to punt it.

The computers that solve the puzzles also process transactions ter the currency and update the blockchain. Every ten minutes each machine or group of machines takes a block of pending transactions, and uses it spil the input for a mathematical puzzle. The very first to find a solution announces it to the surplus, which check that it is right, and that the transactions are valid. If a majority approve, the block is cryptographically fastened to the ledger and the computers budge on to a fresh set of transactions.

If a fraudster wished to spend a bitcoin twice, he would need to disguise it by rewriting the ledger. To do this he would single-handedly have to control more than half of the network’s computing capacity. But such a “51% attack” would be prohibitively expensive: Coinometrics, a gegevens provider, reckons it would cost $425m te equipment and violet wand.

The enigmatic Mr Nakamoto designed the system to keep everybody fair.

For example, successful miners have to wait for a further 99 blocks of transactions to be processed before they get their rewards–so there is a permanently refreshed pool of participants with an rente ter ensuring that everyone else keeps to the rules.

The system of rewarding successful miners with bitcoin has proved an effective way to get the currency into circulation.

Operators of conventional payment systems live on transaction fees, but that business prototype would not have worked for bitcoin ter its early days, because of a lack of users.

However, spil bitcoin becomes more popular, the idea is that miners will be able to embark charging significant transaction fees, and that thesis will become their main source of income. It will need to: the system cuts the prize for solving puzzles every four years or so.

Despite the slump te bitcoin’s value–last year it performed even worse than the Russian rouble and Ukrainian hryvnia–the combined mining power on the network is still enhancing, and some miners are still investing ter upgrading their machines, making this one of the fastest-moving parts of the IT industry.

Brew your own money

Te the crypto-currency’s early days, most miners were small-scale, attempting to mint money on their huis computers. This wasgoed Mr Nakamoto’s libertarian fantasy: home-brewed money, without the need for central authorities. But spil bitcoin’s value rose, it all became more businesslike. Individual miners embarked to combine their computing power and share the prizes. Most mining today is provided through such “pools”.

Startups from all overheen the world began building specialised hardware powered by custom-built chips, known spil application-specific integrated circuits (ASICs). Leaving the amateurs behind, thesis firms soon became locked te a digital arms wedren. Microprocessors usually dual their power every Legal months, a rhythm called Moore’s law. Ter the case of mining ASICs, this doubling has occurred every six months.

Mining has also moved into the cloud. Firms have commenced selling online mining capacity te “gigahashes vanaf 2nd”, or Gh/s–that is, for a toverfee they will provide enough computing power to make one billion attempts a 2nd to solve a “hash function”, spil the puzzles are called. For example, Genesis Mining charges $702 for 1,000 Gh/s plus a puny toverfee for electro-stimulation.

Given the nature of the business, one would expect the bosses of bitcoin-mining firms to be super-geeks. But instead of coming from Silicon Valley, they typically hail from places like Sweden and Georgia–and talk (and often look) more like real miners. “I’m no libertarian but a businessman,” says Sam Cole, the “C” te KnCMiner, the technicus of the giant mining facility te Boden and a maker of mining computers.

Like other energy-intensive industries such spil smelting aluminium, minting bitcoins is more efficiently done at scale, and ter places where electrical play is cheap and reliable.

It also helps to be somewhere cold, to reduce the cost of cooling the machines. KnCMiner’s hangar is near the Arctic Circle and right next to a hydroelectric stuwdam.

The makers of mining computers benefit from the way the bitcoin system adjusts the difficulty of the puzzles, every two weeks, according to how much computing power is hooked up to the system.

Ter theory the difficulty can be adjusted te both directions: upwards, to ensure that the system does not get swamped by an excess of prize-seeking machines, and downwards, to encourage miners to keep their machines online when things get too quiet.

But until now the difficulty has mostly gone upwards: since the very first ASIC chips were introduced ter early 2013, it has enlargened by a factor of Ten,000. Spil a result, fresh mining computers, which each cost several thousand dollars, have bot becoming obsolete ter a matter of months.

When the bitcoin price wasgoed rising, many of its ventilatoren thought investing te mining equipment wasgoed a better bet than simply buying and holding the currency. They were willing to plunk down top dollar months ahead of delivery of the computers. Thesis advance payments permitted KnCMiner and other makers to manage without having to raise any financing.

What happens ter the wake of the bitcoin price collapse is unclear. The long queues for mining equipments have dispersed. Request for renting cloud-based hashing-power is stagnant.

Many equipment-makers have ended up running the machines for their own benefit–and selling some of their stock of bitcoins to voorkant costs. Some people say this is why the currency has kept falling.

People te the industry are already discussing at what price mining becomes unprofitable. But Mr Cole is unfazed. Where others see a powerless price, he just sees all the bitcoin yet to be mined, and lots of fighting rivals set to uitgang the business.

He recently raised $14m ter venture capital, looking forward to a thicker slice of a less competitive market. If other miners do give up, the difficulty of the puzzles may fall–so winning bitcoins would get lighter.

Perhaps it is a good thing that the breakneck growth of a year ago has ended: had it continued, the system would soon have kasstuk the thresholds of its capacity. The bitcoin protocol ter its current form can only process seven transactions vanaf second–nothing compared with the capacity of conventional payment systems such spil Visa, which can treat Ten,000.

Not very green

A more fundamental worry is that digital-currency mining, like other sorts of mining, has environmental costs: all that number-crunching uses a loterijlot of electro-stimulation, and not all of it comes from renewable sources, spil it does ter Boden.

The rapid development of the ASICs chips has made the machines more efficient, but even if all mining worldwide were carried out ter modern facilities like Boden’s, the combined tens unit consumption would be 1.46 terawatt-hours vanaf year–the consumption of about 135,000 average American homes.

A fatter concern is that, spil the mining pools have got thicker, it no longer seems inconceivable that a bunch of miners might amass enough capacity to predominate the system and become capable of mounting a 51% attack. Last June one pool, GHash.IO, had the bitcoin community running startled by shortly touching that level, before some users switched to other pools.

Such is the complexity of the system that some analysts wonder if it might be possible for a rogue pool to launch an attack with a much smaller share. And the truth is that no one is sure how concentrated the industry already is. About a fifth of mining power is classified spil “unknown”, meaning it is not clear who wields it.

Chances are that many of thesis mystery machines live ter China. At any rate, mining is likely to grow rapidly there. Miners te Internal Mongolia–where electric current is cheap thanks to abundant coal, over-investment te power plants and lax environmental rules–are reportedly building gegevens centres much thicker than any ter the Westelijk.

“I’ve always feared that mining will concentrate ter a few countries,” says Yifu Guo, a founder of Avalon, a designer of mining chips. He even worries that a hostile government might seize control of the bitcoin system. Others worry that it might, at least, end up spil a monopoly.

Whether the bitcoin system can avoid such outcomes will depend on whether its participants can agree on reforms to zekering it becoming too concentrated. However, it may have become too successful for its own good: when billions are at stake, vested interests tend to defend the status quo.

Spil with the internet, the governance of bitcoin goes after the principle of “rough overeenstemming and running code”. Everybody can pitch te on online forums. If there is general agreement and the solution has proved workable, the system’s software code is updated by one of its five main developers–who “emerged” spil pre-eminent figures during bitcoin’s early days.

Then goes after the real test: whether miners accept the switches. They “vote” ter favour of a software update by installing it on their machines. And it only becomes part of the system if a large majority do so. That has not bot a problem so far. But miners may still balk at any future switches they fear could cost them money.

Gavin Andresen, one of the five main developers, is optimistic this can be avoided. If miners did block better solutions, there would be a “fork”, meaning that a part of the bitcoin community would begin a fresh currency.

Some groups have already launched their own crypto-currencies. Many of thesis “altcoins” are the bitcoin omschrijving of stock markets’ very speculative “penny stocks”. But some opoffering real innovation: Ripple and Stellar do away with mining altogether and use other mechanisms, such spil voting, to create the currency and update the blockchain.

Now there is much talk about “side-chains”, fresh blockchains pegged to that of bitcoin te such a way that the currency and other assets can be transferred inbetween them, which could let out even more experimentation.

Other groups are using the blockchain te ways Mr Nakamoto never intended. Some, such spil CoinSpark, are suggesting services to transact te any asset overheen the network, including stocks and bonds, or use it for notarized messaging (by embedding the location and a summary of the message te a bitcoin transaction).

Where all this may lead to is a constellation of linked crypto-currencies and blockchains, with all sorts of uses: stores of value, means of exchange, mechanisms for transferring assets and verifying transactions, whatever. The original bitcoin may remain at the centre of this constellation–or not.

Whether its price recovers from last year’s slump may not matter. Whoever and wherever he is, Mr Nakamoto can be proud of having pulled out a wave of financial innovation, and founded what looks set to become a sizeable fresh branch of the global IT industry.

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