Regarding the impact on the global environment, as some media sources like to hype that block chain technology is potentially disastrous for global warming. KnC had this to say about the effects on the environment from the new 16 mn;
Better efficiency results in even more environmentally friendly Bitcoin transaction processing. As KnC’s mines already utilizes green and locally produced hydropower and all-natural Arctic air for cooling – in combination with this new 16 nm 3D Solar platform – the facilities’ energy footprint will now be reduced even further.
KnCMiner currently own 5% of the hashrate as of this time according to Blockchain.info. With 3600 mined per day at a value of $230 (3600*230 = 82800/100*5), that’s $41400 per day. Not too shabby for a solo mining operation.
Data from Blockchain.info
Solo Mining All The Way?
The question becomes whether KnCMiner will use their new technology to solo mine and increase their own hashrate, strengthening the entire network by extension. Would this be a bad thing, depending on how much of the hashrate they claimed?
KnCMiner’s stated goal at this node is to increase the efficiency in the mining farms six to eight times when deploying this new mining platform Solar in the ‘old’ 28 nm farms – to continue to support and process transactions in the Bitcoin network.
CCN
And just as importantly, even if KnCMiner keep their new tech to themselves for mining. Then other bitcoin mining manufacturers now know it is possible and will likely be looking to emulate or improve upon this new next generation mining chip.
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