KnCMiner Announces Word's first 28nm Bitcoin mining machine

STOCKHOLM, SWEDEN -- Oct 3,  2013 -- KnCMiner AB announced that it has achieved, what is believed to be; the world's fastest concept to production of any 28nm device ever created, in a little over 4 months, and the word's very first 28nm Bitcoin mining machine.

The flagship Bitcoin miner, codenamed; 'Jupiter', currently runs stable at a maximum hashrate of 576Gh/s, and consuming 1w/Gh/s. Each chip has maximal confirmed hashrate of 144Gh/s, a 3,600% improvement on the closest competitor, using the most advanced silicon technology commercially available; 28nm. Revolutionising the security underpinning the world's most exciting financial innovation, Bitcoin.

The supercomputers created by KnCMiner, are named after planets for the ease of translation to the approximately 120 countries around the globe it now ships to. They are based around a modular one-chip 28nm Application Specific Integrated Circuit (ASIC).

What is remarkable is that the team behind KnCMiner promised at the beginning of June, upon partnering with Stockholm's ORSoC AB engineering consultancy, and Taiwan's Alchip Technologies Ltd. To deliver a working product by the 30th September 2013, and realised this with video evidence uploaded to YouTube with only 45 minutes of the final day to spare. This was further confirmed by both independent witness, and the factory responsible for the manufacture, as well as the publicly verifiable third-party Bitcoin Mining Pool; Elgius. Even more remarkable, the ASICs themselves were only received by a DHL hand courier a little over 24 hours prior.

A beaming Marcus Erlandson, co-founder, who is the CTO behind the project, and one of the owner's of the world's largest open source community, Opencores.org; enthused; “As always there's a lot of fine tuning to do when you have a system first up and running and you can optimise it, but under time pressure you force out a solution that is good enough. The disclosed Bitcoin miner results are not final, and we aim to refine this further, and of course, positively. We have gone from chip verification to a volume production schedule of typically 4-6 months, and completed it in 24 hours. No one in the IC industry can deny the significance of what has been achieved. This is a world first. We had a little room for any error, and this forced us to adopt a bespoke methodology, rewriting the rule book with respect to verification, design flow and production in order to cut traditional project timelines whilst mitigating risk.”

Sam Cole, co-founder of KnCMiner, declared; “Initial feedback has been undeniably positive. The Bitcoin community is glowing with praise and we are proud to have stuck to our principles throughout the entire process. There are a lot of false promises, and failures by competing companies who have taken advantage of people throughout the transition to 28nm Bitcoin ASIC miners. Our entire focus revolved around the intention to; under-promise, and over deliver, and true to that word, we have. The competition cannot argue against honesty. Our customers are however very, very vocal, and the results, speak for themselves.”

KnCMiner is now focused upon delivering customers orders, and refining their current product lines. Their tenacious avant-garde is not purely limited to products, but innovating financial services within the emerging crypto currency industry. KnCMiner completed their funding goal to meet the required $4 million non-recurring engineering costs (NRE) in only 3 days from opening to pre-orders purely based upon reaching out to the Bitcoin community, hence the importance in ensuring those responsible for supporting them were sufficiently rewarded, and shall further be in future.

The evidence speaks for itself; KnCMiner is now officially one of the fastest growing companies in the fastest growing industries in the world.

A bright future? You can count on it. Their reputation for over-delivering on promises with hard deadlines is now indisputable. They anticipate interest from like minded parties keen to progress this financial industry. Where they will continue to offer products and services to revolutionise 21st century finance.

ABOUT KnCMiner AB

KnCMiner AB is the world's leading specialist of proven extreme performance crypto-currency products, and services. The Stockholm based KnCMiner was founded in May 2013, by joining Kennemar & Cole AB (Andreas Kennemar and Sam Cole) with ORSoC AB (Marcus Erlandsson, Johan Rilegård and Michael Unnebäck). KnCMiner both; completed it's first funding round within 3 days in June, and delivered a production ready model of their Bitcoin mining device, the KnC Jupiter by the end of September 2013, as promised. This is believed to be the fastest 28nm concept to silicon ever created. The Bitcoin ASICs and PCB board worked first time. This was verified by third-party independent inspection. They are to date one of the world's fastest growing companies, in one of the world's fastest growing industries.