KnCMiner Sells $2 Million Worth of Dogecoin and Litecoin Mining Rigs in Just Four Hours

The continued interest in alternative cryptocurrencies to bitcoin is clear to see Swedish-based KnCMiner selling $2 million worth of scrypt-based mining rigs in just four hours. The Titan is the company's first scrypt-based mining rig and costs $10,000, meaning the company sold 200 units in the first four hours it was available to pre-order on the website. The company also sells the Neptune bitcoin mining rig which also costs $10,000, and in December the company revealed it had sold $8 million worth of Neptune hardware in just 24 hours, claiming the Neptune rig would be able to mine 2.1 bitcoins a day - then worth over $2,000 but now worth around $1,300. "The scrypt mining market has grown over the last six months and we have been watching it very closely. The time is now right for the launch of our new offering," the company said on its website. Bitcoin uses the SHA256 cryptographic hash function but most of the newer cryptocurrencies use the scrypt function, meaning that you can still use your GPU and CPU to mine the coins - something which is no longer really possible in bitcoin mining. Popular scrypt-based alt-coins include litecoin (the world's second most valuable cryptocurrency) and dogecoin, the meme-based cryptocurrency. Until recently there no one was selling specially-built mining rigs for scrypt-based alt-coins as the return on investment on such coins was not at the level where people were willing to invest a lot of money in hardware like Titan.

KnC and Chicago Sun-Times Launch Pre-funded Bitcoin Wallet

Mining hardware maker KnCMiner has launched its first bitcoin wallet, with an interesting twist. As part of the launch, the first 100,000 downloads will be awarded with a few bucks to spend. The KnC Bitcoin Wallet app is available on the Google Play Store and it’s free. Needless to say, there’s no app for iOS or Windows Phone. The wallets are pre-funded and it appears that the first 1,000 downloads will be awarded with $5 each, while the next 95,000 wallets will get $1 each (at the current BTC/USD exchange rate).

Bitcoin Wallet by Andreas Schildbach

Bitcoin Wallet is a great android app Description Have your Bitcoins always with you, in your pocket! You pay by quickly scanning a QR-code. As a merchant, you receive payments reliably and instantly. Bitcoin Wallet is the first mobile Bitcoin app, and arguably also the most secure! FEATURES: • No registration, web service or cloud needed! This wallet is de-centralized and peer to peer. • Display of Bitcoin amount in BTC and mBTC. • Conversion to and from national currencies. • Sending and receiving of Bitcoin via NFC, QR-codes or Bitcoin URLs. • Address book for regularly used Bitcoin addresses. • When you're offline, you can still pay via Bluetooth. • System notification for received coins. • App widget for Bitcoin balance. You can find more about Bitcoin at http://bitcoin.org If you want to contribute to Bitcoin Wallet, the project is located at https://github.com/schildbach/bitcoin-wallet License: GPLv3 Use at your own risk! http://www.gnu.org/licenses/gpl-3.0.en.html --