KnCMiner has announced its first mining rig dedicated to scrypt mining – the aptly named Titan. At $9,995, it won't come cheap, and the company has not yet revealed its full spec, either.

KnC claims the Titan will deliver a minimum of 100MH/s and, in some respects, it resembles a traditional PC, although it is based on the company's Jupiter form factor.

The rig measures 60 x 50 x 20cm and weighs just 4kg. A standard ATX power supply is required, which does not ship with the unit.

Under the bonnet, the Titan will have blades containing numerous cards, differentiating it from the Jupiter. There is still no word on what sort of silicon KnC is using for the new miner.

The Titan is expected to ship in the second or third quarter of the year, but KnC is already accepting pre-orders. The company stated:

KnC points out that it reserves the right to increase the performance at any time and, since this is an untested design that will ship in a few months, customers are advised to read the terms and conditions carefully.

In keeping with the nature of the Titan's abilities, the company says it will add litecoin as a payment method in the near future, but for the time being it will accept bitcoin and traditional money transfers only.

It also appears that customers who have placed an order for Neptune bitcoin miners can convert their order to a Titan if required. Those with orders already placed should get in touch with customer services to confirm the details of the switch.

In related mining news, KnC's Neptune miner appears to be on track – the new bitcoin ASIC taped out earlier this month with everything going according to plan.

KnC says the Neptune is currently in the foundry phase; that is, the ASICs are already in production. However, even if something goes wrong, KnC has a 'plan B' in case of any major delays.

The Neptune is expected to reduce power consumption by 43% thanks to the use of a new 20nm node.

In addition to the new manufacturing process, the design has been optimised too, allowing KnC to squeeze 1,440 cores in a 55 x 55mm package. To put this in perspective, Intel's 4th generation Core chips feature a 37.5 x 32mm package and they are manufactured on Intel's 22nm node.

KnC says the Neptune ASIC will deliver at least 3TH/s, operating at 0.7W per GH/s.