New ASIC Bitcoin Mining Products Producing 350GHash/s, from KnCMiner

STOCKHOLM, June 18, 2013 /PRNewswire/ -- KnCMiner( http://www.kncminer.com ), a new entrant to join the bitcoin mining hardware community, are pleased to announce their range of state of the art, bitcoin mining machines. Designed in Sweden, the first 2 models, named Jupiter and Saturn, are powered by 28nm ASIC chips and will produce up to 350 GHash/s and 175 GHash/s respectively.

(Logo: http://photos.prnewswire.com/prnh/20130618/621826-a)

(Photo: http://photos.prnewswire.com/prnh/20130618/621826-b)

The custom engineered ASICs have proprietary technology enabling market leading performance with low power consumption that is exclusive to the KnCMiner line of miners. Calculated with today's value of difficulty and dollar rate, the return of investment could be as short as 4 days.

"Today the bitcoin mining industry use shovels and pickaxes — We will offer them excavators", says Johan Rilegard, Head of Marketing.

The interest for KnCMiner products has been truly impressive with orders arriving from all corners of the world. We are very pleased with the support from our customers and this only goes to show that KnCMiner are offering and producing devices that are exactly what the market needs. This overwhelming support proves that KnCMiner are leading the way as the most professional Bitcoin mining vendor in the market.

"Our design expertise together with long term relations with suppliers within the semiconductor industry guarantee the best possible product within the set time frame", Marcus Erlandsson, CTO at ORSoC.

"With our financial systems background and the engineering expertise brought from ORSoC, our new joint venture will bring efficient Bitcoin mining to more people than ever before, at prices they can afford and with the high levels of service they deserve." Andreas Kennemar, CEO Kennemar and Cole / CEO KnCMiner

For more detailed technical information, development updates and videos of current shipping models, please visit http://www.kncminer.com.

The Jupiter and Saturn models are available to order now at kncminer.com for delivery in end September 2013.

About KnCMiner

KnCMiner is a Swedish company founded in 2013 as a joint venture between ORSoC AB and Kennemar & Cole AB. For more information please visit http://www.kncminer.com.

About ORSoC AB

ORSoC is a fabless ASIC design & manufacturing services company based in Stockholm. They provide RTL to ASIC design services and silicon fabrication service. For more information please visit http://www.orsoc.se.

About Kennemar & Cole AB

Based in Stockholm, Kennemar and Cole AB are consultants to the financial services technology industry. For more information visit http://www.kennemarandcole.se.

Press contact: press@kncminer.com( mailto:press@kncminer.com ) , Johan Rilegard +46-70-824-8030

SOURCE KnCMiner AB