12Ships will make your journey to the blockchain investment as easy as possible
by providing profitable and reliable mining infrastructure

High performance &
Low power ASIC

  • Manufactured in Samsung semiconductor 11nm process with great stability
  • Shows highest performance for mining Bitcoin and Bitcoin Cash

Immersion Cooling

  • 100X more efficient than existing air cooling systems
  • 3 No Effects: No noise, No dust, No heat

Heat Exchanger System

  • Heat energy upcycling with patented heat exchanger system
  • Business development in energy recycling with related

Panokseon Ⅱ

  • 20ft container type for mobility
  • Modularized design for easy maintenance

Performance comparison

Panokseon II
(1 rig)
(10 rigs)
Bitmain S9i
(24 rigs)
Hash Power
355 TH/s 240TH/s 336 TH/s
Power Consumption
29.3 kW 19.5 kW 32.2 kW
Power Efficiency
82.7 W/TH 81.3 W/TH 95.8 W/TH

What makes us UNIQUE?

3 Smart Operations

Smart monitoring / Smart contract / Smart voting


To make a transaction with someone unknown, you need an authorized agency or a broker in the middle. However, if you go through an agency or a broker, it is inevitable that you spend more time and money. In case of doing business with someone in a foreign country, it costs even more.
The blockchain technology reduces such cost and time with innovative IT technology that goes beyond common sense. To make it possible, voluntary participation in mining is essential; also, in order to prevent the risk of counterfeiting or hacking, a high-performance, cryptography operating mining machine is required which consumes a large amount of electricity.

The 12Ships has a goal of securing stable profitability

3 Smart Operations

Holders of 12SHIPS token will receive in proportion to the amount of the tokens of cryptocurrency they have which is mined in Mining Infrastructure operated by the 12Ships. 12Ships aims at presenting a breakthrough alternative for transparent and democratic operations by arranging the Ethereum-based software device for the three Smart Operations in not only miners required for mining, but also the core policy that controls and operates it.

The 12Ships ensures that Mining is always operated in optimal conditions through its hardware design technology and operational know-how. In addition, the 12Ships offers its own flexible and expandable solution that allows the operating conditions of miners and the distribution method of mined cryptocurrency to be operated differently according to token holders' preference for profit seeking. This solution includes Smart Monitoring

12Ships' Vision

BlockChain technology is surely an innovative IT technology that will be responsible for more than 20 years after Internet technology in the 1990s. The most important consideration for us is where and how to apply this technology to provide more convenient services, create a better life and even make a better human culture just as the internet did.

The core goal of the blockchain technology is distribution, ie decentralization, and voluntary participation of miners is required to achieve this goal. However, hash power concentration of a few mining pools and monopoly of miner supply have restrained the blockchain technology to be spread and activated. 12Ships has created a business strategy and vision that can overcome the current threat while accomplishing our good intentions.

First of all, in order to make good use of our good blockchain-based services


1) Based on same purchase cost
2) Electric rates, 30 KRW / kWh
3) Re-investment rates 30% of mining rewards
4) Consideration of mining rig depreciation, maintenance and labor costs


Our vision is that we will expand uses of 12SHIPS tokens by implementing a blockchain platform based on TwelveShips Mining Infrastructure and by developing a service that is beneficial and reliable for games and e-commerce, and ultimately, we will create a globally trusted platform based on the blockchain.

Our core team of outstanding experts and experienced professionals in the area of business strategy and planning, hardware and ASIC development, block-chain algorithm and software development, and heat exchanger development has been working together to actualize what is mentioned above.

Team member

Young Min

Business strategy & planning IBM & Accenture Consultant, Samsung SDS Master, Department of Mechanical Engineering, Seoul National University
Team member

Hoseong Ko

Hardware integration development Samsung Electronics Mobile Division, Rep. of MAPTech Master, Department of Mechanical Engineering, Seoul National University
Team member

Taewon Kang

ASIC design and development Samsung Electronics Semiconductor Division, Rep. of Nexell(Current) Department of Electronics Engineering, Soongsil University
Team member

Khan Lee

Electric & Equipment design and development Kawasaki Heavy Industries, Ltd., Professor of Shinshu University Ph.D, Tokyo Institute of Technology, Japan
Team member

Seungjae Moon

Heat exchanger analysis Professor, Hanyang University Micro & Nano Heat Transfer Ph.D, Mechanical Engineering, University of California at Berkeley
Team member

Hanjo Kim

Software R&D, Game and application development Hyundai Motors, NCSOFT Master, Department of Mechanical Engineering, Seoul National University
Team member

Nick Min

Blockchain & Mining Alogorithm, Core Application development Cafe24, Wex24 Master, Department of Mathematics, Seoul National University
Team member

Seungsoo Park

Heat exchanger design & development LH Corporation Construction, Government Certified Professional Engineer of Equipment
Team member

Jongho Ahn

IR & Investment Rep. of Daesung Capital Management MBA, Yonsei University
Team member

Elodie Dornand de Rouville

Design and User Experience, Art director for many art & science projects Master, Ecole Nationale Superieure des Beaux-Arts de Paris


Team member

Young Bum Koh

BS in chemical engineering, Seoul National University Ph.D. in electrical engineering, Osaka University, Japan [Samsung Electronics]
  • President of SAS(Samsung Austin Semiconductor)
  • Head of the manufacturing center in LCD business
  • Head of Mechatronics center
Team member

Dong Il Seo

BA, Electronics Engineering, Yonsei University Samsung Display, Senior Vice President (Team Manager of IT Development) Samsung Electronics, Senior Vice President (Team Manager of Flash Memory Product Engineering) Samsung Electronics, Vice President (Team Manager of DRAM Product Engineering)
Team member

Jeffrey D Jones

Chairman of Board of Governors, American Chamber of Commerce in Korea Kim & Chang President, Ronald McDonald House Charities of Korea
Team member

Seokwon Kim

Author of “Unleashing Blockchain” in Korea Edito, Co. Ph.D., Computer Science, KAIST
Team member

Seunghwan Lee

Professor, Dep. of Environmental Engineering, Kumoh National Institute of Technology, Ph.D., Environmental Engineering, University of Technology, Sydney, Australia


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