Crypto Mining Blog

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.