Titan Scrypt Miner Gets Major Update From KnCMiner

In a recent newsletter, the KnCMiner team announced that they have updated the Titan scrypt miner. They said,

“We have since the last update continued to improve our design and specification of the Titan scrypt miner.”

Now, the minimum specification of the Titan scrypt miner will be 250 MH/s. In addition, this update also released the specification for the wattage requirement which will be at 800-1000 watt-power supply.

Titan Scrypt Miner Price Will Not Increase

If anyone was worried that this update was an excuse for KnCMiner to amp up Titan scrypt miner’s price, set aside your concerns. In the announcement the company said,

“As we give all our performance increases for free we will of course not be increasing the price and all already paid customers will automatically receive the updated performance.”

This is certainly good news for those who have already pre-ordered the Titan scrypt miner. Furthermore KnCMiner has said,

“We reserve the right to overachieve our current specifications in the future.”

On March 19th, KnCMiner began accepting pre-order payments for the Titan scrypt Miner. The hardware costs $10,000 and was initially set to perform only at 100 MH/s. The latest update, however, has amped this up by 150 MH/s. This will allow users to get more for their money.

The company is allowing its customers to upgrade their Neptune into a Titan Scrypt Miner since the switch might be more attractive at current Bitcoin prices.

Four short hours after KnCMiner opened up pre-orders for the Scyrpt Miner, they were able to sell $2 million dollars worth of hardware.

Andreas Kennemar, KnCMiner’s co-founder said about the success,

“We are overwhelmed by the positive response we have gotten and we will continue to produce the best possible mining hardware for our customers.”

The company said that the Scrypt Miner will start shipping in the second or third quarter of 2014. The only way one can buy this new hardware is either with Bitcoin or bank transfer payment.

Image source via KnCMiner