KnCMiner Titan ASIC To Offer 250 MHS Instead of 100 MHS Scrypt Hashrate

27 Mar
2014

kncminer-titan-scrypt-asic-device

Initially when the Titan Scrypt ASIC has been a announced earlier this month by KnCMiner they have said it would be 100 MHS in terms of hashrate as a guaranteed minimum, but now the company has just announced that they will guarantee a minimum of 250 MHS. The price of the device remains the same – $9995 USD without VAT and the shipping date remains Q2/Q3 with Q3 being more realistic. The company also offers the people that have preordered their upcoming Neptune SHA-256 ASIC to switch to the Titan Scrypt ASIC if they want to.

This new announcement definitely will make a serious difference when the company starts shipping the Titan Scrypt ASIC and it will end the era of GPU mining for Scrypt-based crypto currencies. The 250 MHS Titan Scrypt miner will be able to run on an 800-1000 watt power supply according to KnC, so you can safely say that Litecoin and other Scrypt crypto currencies are now really starting to go on the same road as BTC did a while ago. In ust a few months there will be no point in mining Scrypt cryptos with GPU, but GPU miners will not just stop mining or disappear, they will just move to coins using other different crypto algorithms that will be ASIC proof for now just like LTC was.

Meanwhile the only company that currently ships ASIC devices capable of mining Scrypt cryto currencies is Gridseed and their products are selling a lot. But even these devices may not be so attractive in the second half of the year when we start seeing hundreds of MHS worth of Scryt ASICs getting added to the network hashrate. The good news is that if you get these ASIC devices now you have a very good chance to not only get your investment back, but also to make some good profit.



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5 Responses to KnCMiner Titan ASIC To Offer 250 MHS Instead of 100 MHS Scrypt Hashrate

ted

March 28th, 2014 at 04:37

You are stupid if you will buy this Asic Miner for Scrypt. Why?

Reason#1
The price tag! LTC prices is falling and all scrypt coins are pump and dump eventually render to a dying coin within 2-3 months! ROI you got it right!

Reason#2
This is the most disgusting of all!! Scrypt coins are easy to fork or add another algorithm rendering the Scrypt Asic miner to be useless! hahaha! Long time miner of scrypt know what im talking about!! Even the manufacturer know the limitation of the machine!

Scenario: What if the coin developer add another algorithm to the existing scrypt coins! A hard-forked update to the original scrypt algorithm per-Se! Damn it will totally disastrous to the asic Miner owner! hahaha! In fact many coin develop[er are planning to hard-forked there coins to protect small time miners and to decentralized the profit to the common people.

What your take about this hardware!! nah forget about!

bundy

March 28th, 2014 at 07:22

ted, I heard litecoin devs are not opposed to asics, looks like we will see some gains in vtc land

Tad

March 28th, 2014 at 20:08

Well I think they just use Saturns portfolio and forget to change the speed?

Not Available

March 29th, 2014 at 01:57

Ted,

Bitcoin could have been hardforked too when ASICs came out… it wasn’t. Here’s the thing. In order for a hard form to work, you must convince most of the hashing power to move with you. As you know ASICs blow GPUs away when it comes to hashing power. If ASICs are pushing 60% of the market, the coin won’t actually fork.

Hardforks are also a last resort, and potentially very destabilizing to a crypto. It’s extremely unlikely that they will do this to LTC, as they are trying very hard to be BTCs little brother. Eventually another Algo will become the LTC of 2014. I switched my GPUs off of Scrypt weeks ago.

100MH/s was already hard to believe. Do you *really* think they will be shipping 250MH/s in 3 months? It’s a money grab. They raised $3m with nothing more than an “announcement”. They needed something to keep them in the headlines to keep the BTC rolling in.

ted

March 29th, 2014 at 02:30

Well hardfork will not happen to LTC but to the little sisters of of that coin. Yes you are right LTC is the little brother of BTC and will totally compete in terms of miners, market share and price. The only reason miners of this coin worried is the difficulty it will bring to the LTC and of course to the other coins using the Scrypt algo. Anyway gpu miners can miner other coins and that is happening right now and in the future.

Without any complexity the reason we are mining this coins is to give us a some sort of extra income or help us in other way. That’s why im telling the members and supporters of alt coins to support any coins you mine especially those new algorithm like Keccak, Groestl, etc.

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