KnCMiner unveils 16 nm Solar ASIC, says it will increase performance six-fold

KnCMiner the coming launch of its 16 nm ASIC (application specific integrated circuit) “Solar” mining chips, to be deployed in early 2015.

In its announcement, KnC notes that it was the first to roll out 28 nm and 20 nm chip technology, claiming to still be the only producer delivering the latter.

Its 16 nm chip is supposed to have a six-fold increase in performance over the 20 nm model, with a power consumption rate of 0.07 W/GHs. The company says it developed in-house proprietary techniques to develop the 5000+ core (FinFET) processor. FinFET technology incorporates 3D design, as opposed to the traditional planar approach.

Spondoolies-Tech, an Israel-based hardware producer,  its target of producing a 16 nm chip by the second half of 2015. Its production is to be funded by a $5 million Series B funding boost.

KnC is not yet taking online orders for the units, citing “a rapidly shifting landscape within the mining industry.”