KnCMiner offers free speed increase with first bitcoin miner shipments
Published on September 17, 2013 at 13:12 BST
KnCMiner is offering a bonus speed increase to customers awaiting delivery of its Jupiter bitcoin mining rig.
The company said the Jupiter bitcoin mining rig will mine at a significantly higher rate than the 400 GH/s its customers are expecting.
"We will not down clock our chips to 400[GH/s], we will release all our machines with the greatest hashing power we can. So yes, the rumors are true – Jupiter will be greater than 400[GH/s] by a significant margin as a free gift from us to all our loyal customers," the KnCMiner team's statement reads.
Sam Cole, co-founder of KnCMiner, said the fabrication process of the chips has been completed and they are now on their way to an assembly house in Asia, before being shipped to KnCMiner's offices in Sweden in around six days' time.
"They have to then be assembled into devices here. Everything is still on track to meet our end-of-September deadline," he explained.
Cole said the deliveries will go out on a "first-pay-first-serve" basis. "The guys who are at the front of the queue are the ones who paid the earliest."
The mining hardware producer revealed it has "broken a few speed records" in terms of the time it has taken to bring its products to market.
"I don't think you'll find any other 28nm product that's gone from conception to production in this timeframe. Normally they're measured in years, and we started in April," Cole said.
He explained that most companies spend two or three years researching and then spend one year producing.
The company is doing everything it possibly can to ensure this month's deadline is met, with a number of safety measures being put in place to try and avoid any hold-ups.
"We've got people personally carrying the chips so we can get through customs faster. We have personal couriers flying around the world handling these chips via different airlines so we can guarantee we will have at least half a delivery if there are any delays with customs or flights," Cole said.
KnCMiner customers can expect to see images and footage of the Jupiter and Saturn mining rigs in action over the next week.
Bitcoin wallet Armory raises $600k in seed funding
Bitcoin gaining market-based legitimacy as XBT