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Bitcoin mining company extends batch due to strong market demand

Bitcoin mining company extends batch due to strong market demand

The first batch of Vega Home Bitcoin Miners from Syan Technologies has been extended by an extra eight hundred units in an attempt to satisfy “unprecedented public interest” in the new machine.

Syan Technologies, the Hong Kong based FinTech subsidiary of the multi-national investment and finance conglomerate the Zahrani Group, put the Vega Home Bitcoin Miner – the first in the Vega Series of mining machines – officially on sale on Monday 9th October at a retail price of $1,895.00. There were originally seventeen hundred units in batch one, though the public allocation was effectively reduced to only twelve hundred due to an early corporate bulk order for five hundred machines. Syan were already announcing by Wednesday that the pre-sales list was filling up fast and they were concerned that many prospective customers may be disappointed as a result. In an attempt to alleviate potential undersupply issues they have now extended the batch one manufacturing run by an additional eight hundred miners bringing the total public allocation up to two thousand from a total batch size of two thousand five hundred. 

The Vega Bitcoin Home Miner is based on Syan Technologies’ own proprietary 14nm ASIC chip, the STA1220, which promises startling performance coupled with impressively low power consumption, the combination of these two factors giving the new machine a more than 20% advantage over its nearest competition in terms of sheer efficiency. There has been huge interest in the new Vega Series already, and with the Bitcoin Miner due to ship in January 2018 and a SCRYPT Litecoin version to follow soon after, Syan are promising to make a big dent in the cryptocurrency mining market. 

“We are very pleased to have been able to extend our manufacturing capacity. We didn’t expect such high demand so early on,” said Koji Tanaka, Chief Technology Officer of the Zahrani Group and Hong Kong based Syan Technologies’ spokesman. “We’ve have so many enquiries and quite frankly more advance orders than we can cope with, but these extra machines will go some way to fulfilling the shortfall. We’ve adopted a policy of limiting each order to five units and, while some prospective buyers will be somewhat frustrated by this, we feel it’s the only fair way to ensure that everyone who wants a Vega will get a Vega. The last thing we want is for our customers to go shopping elsewhere due to our own inability to give them what they want.”

Syan Technologies are a Hong Kong based designer and producer of digital currency mining machines and FinTech, currently focusing on the release of their Vega Home Currency Mining series. They comprise a dedicated and highly motivated team of designers, technicians and mathematicians of diverse backgrounds – from as far afield as California, London, Sweden, Russia and Vietnam – with just one thing in common; they aim to design and produce the most cost-efficient and durable ASIC mining machines in the world.

For further information please go to www.syanmining.com

Media Contact
Company Name: Syan Technologies Limited
Contact Person: Samuel Cornwell
Email: Send Email
Phone: +852-2861-8794
Address:Yen Sheng Centre, 64 Hoi Yuen Rd.
City: Kwun Tong
State: Hong Kong SAR
Country: HongKong
Website: https://www.syanmining.com