KnCMiner Sells $2 Million Worth Of Scrypt Mining Machines In Four Hours

KnCMiner, one of the few cryptocurrency miner companies that tend to ship product, has announced that they sold $2 million worth of their scrypt mining Titan rigs in four hours, a new record for the company.

The rig, which costs $9,995, is rated at 100MH/s and is aimed at mining alternative coins like Dogecoin, Litecoin, and Feathercoin. If this price seems a bit over the top and obscene it’s probably because these alternative coins haven’t quite reached the mainstream and are a fairly large gamble for all but the most fervent crypto currency believers.

“We are overwhelmed by the positive response we have gotten and we will continue to produce the best possible mining hardware for our customers,” said co-founder Andreas Kennemar.

If anything can be said of the Stockholm-based company it’s that they’ve had the tendency to move and, more important, ship product. I looked at their KnCMiner Jupiter last December which, at $5,000, sold out almost instantly. The Titan, on the other hand, is a bit of a bet. At $10,000 you’re essentially entering into an interesting new world of alt coins which many believe will be as powerful or at least tangential to the almighty bitcoin.

The miner uses an off-the-shelf ATX power supply which the customer supplies themselves. This is because shipping power supplies raises customs issues for the company and, in crypto currencies, every minute counts. They will begin shipping in Q2 or Q3 of this year. You can check it out here