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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

KnCMiner Sells $8 Million Worth Neptune Bitcoin Miners in One Day

newsbtc
newsbtc
4 years ago
1 min read

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Just recently, Sweden-based KnCMiner put up their brank-spanking-new miner — dubbed ‘Neptune’ — up for pre-order (with eventual release slated for early 2014). Today, the sales figures are out, and they’re absolutely mind-blowing.

Company spokesman Alex Lawn says KnC managed to sell $8 million worth of Neptune bitcoin miners in 24 hours alone. At a cost of about $10,000 per unit, Lawn says the company was doing $1 million in sales per hour for the first five hours.

The Neptune miner is capable of mining up to 2.1 Bitcoins daily under “ideal” circumstances, but it’s certainly not easy to come by financially. What’s more, as more Bitcoins are mined, the harder it becomes to mine. Which means in the matter of months, the Neptune miner will essentially be useless (but hopefully not before it’s able to produce more Bitcoins than it was bought for).

Side note: Lawn also says 70% of Bitcoins mined daily are done on KnC hardware. newsBTC can not verify and confirm this claim.

KnCMiner isn’t a stranger to impressive revenue numbers. Just earlier this month we reports on news that KnC had raked in $3 million in sales of mining hardware in four days.

[via Business Insider]

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