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Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
![knc neptunes knc neptunes](https://1.bp.blogspot.com/-y04Kg-pi6JY/WXUqe4PmVAI/AAAAAAAACFg/N-iKa9PmSccAxZRwwCUIgFz8P1X80XslwCLcBGAs/s1600/N%2Bis%2Bfor%2BNeptune%2Brevised%2Bfor%2Bweb.jpg)
Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We will have more from KnC as it becomes available. While the price sits slightly above of that currently, lowering power consumption while increasing hashing power is the only protection mining companies have against the price volatility in Bitcoin. CEX.io paused their miner’s hardware and told me in an interview at CoinTelegraph that they estimate the price of Bitcoin needs to sit at US $230 for mining to be profitable. Others have taken drastic measures to remain profitable. A few companies have come under fire or liquidated themselves like CoinTerra. With the price of Bitcoin dropping earlier this year, the cloud mining space has seen significant changes. CoinTerra had announced a pre-sale for a 16 nm chip, but has since filed for bankruptcy.
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No mention of the chip’s capabilities or name were in the Press Release. KnC claimed back then that it would get 10 times the hashing power with the same power consumption. Back then, the coin was teased with the codename “Solar” presumably because of its energy efficiency. KnC Miner teased late last year that a 16 nm chip would be coming from them in 2015. As mentioned, they have an extensive history with KnC Miners. They have experience with other SoC (system-on-chip) products, but seem focused on ASICs at present time. This also isn’t their first Bitcoin venture, having already invested in Bitcoin exchange Circle.Īlchip has been making integrated circuits since 2003 and has been involved in Bitcoin ASICs for years now (about as long as possible in Bitcoin’s short history). Accel Partners was founded in 1983 and have invested in technologies heavyweights such as Facebook, Dropbox, Rovio (of Angry Birds fame) and Spotify. The US $15M funding round is led by Accel Partners and a group of previous KnC investors. KnC claims to have brought in over US $100M in total revenue since its inception. They also pledge to spend an additional US $150M in the next 18 months. KnCMiner claims to have invested over US $70M into its mining operations in the past 12 months. Since that time, KnC has transitioned to Cloudmining, but that doesn’t mean they don’t need the latest and most advanced hardware. KnC Miner has long worked with Alchip for their ASIC chip sets, including on the Neptune, KnC’s last SHA256 miner sold as a solution for individual miners. KnC expects to be the first to the market with the next generation hardware.
Knc neptunes full#
This 16 nm chip is, according to the press release, one of, if not the, fastest ASIC chips to enter full scale production.
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This site is for educational purposes and should not be considered as investment advice.KnC Miner has announced that they have received an additional $15M in funding and have a new chip coming out in collaboration with long-time partner Alchip. Past performance does not guarantee future results. Only risk capital you're prepared to lose. You should consider whether you can afford to take the high risk of losing your money.Īll trading involves risk. Between 74-89% of retail investor accounts lose money when trading CFDs. Forex Trading Online can be very risky and currency trading does not suit all investors.ĬFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.