That Swedish Bitcoin Mining Company Has Sold $28 Million-Worth Of Its New Mining Hardware

KnCMiner | Bitcoin businesses are booming, that's Especially now 42 % of Americans know what Bitcoin is - but there jocko few busin... thumbnail 1 summary
top bitcoin miner

KnCMiner | Bitcoin businesses are booming, that's Especially now 42 % of Americans know what Bitcoin is - but there jocko few businesses as revenue -rich as Bitcoin mining development .

Background : Bitcoins are mined by computers unscrambling blocks of " hashes " or complex strings of numbers and letters . This tends to be an expensive and labor- intensive proposition - The Fastest Miners cost Thousands of dollars now , and Sonny eat up lots of electricity and manhours of setup .

We recently that's Reported KNC Miner , a Swedish developer of Bitcoin Miners, limit SOLD $ 8 million of its latest model , the Neptune , in 24 hours . When it drops in early 2014 ( the date Remains a bit amorphous ) , the Neptune could be the Most Powerful and efficient Miner in the world , depending on what the competition looks like at that's time ( it's impossible to say how many Bitcoins it cans mine Because the mining Difficulty rate, Which goes upward as more Bitcoins are mined , will have changed When it's released ) .

Today , we got new figures on Neptune sales : t he first 1,200 Neptunes were SOLD exclusively to existing customers , at a price of $ 10,000 for a total of $ 12 million , Ian Chaffee , a press rep for the company , Told us in an email.

The next batch of 1,200 were SOLD to new customers for $ 12.999 each , for a total of $ 15,598,800 . Them That gets to a grand total of $ 27,598,800 , excluding Taxes .
The figure nearly matches the company 's potentials revenues for its first seven months of production and sales of its models Earlier , Chaffee says .

It's not clear how the margins on one of these babies is - Alex Lawn , a KNC employee who recently Came by BI 's offices to Demonstrate an eradication program model , would only tell us the retail price is enough to cover the costs .

But it's a sign of how far Bitcoin 's come .

Source : Yahoo News

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