Bitmain Releases Mining Machine For Dogecoin and also Litecoin

At an exposition in Chengdu today, Beijing-based mining hardware large Bitmain launched a new mining equipment created for mining Dogecoin and also Litecoin, according to a tweet by blockchain journalist Colin Wu.

Exclusive: On June 19th, Bitmain released the new Litecoin/Dogecoin mining maker L7, with a hashrate of 9500MH/s and 3425W, equal to 19 sets of L3+, as well as the price is $15000, overseas purchase cost is lowered by 13%. The distribution time is November 2021

Wu reported that the brand-new miner, the antminer l7 price, has a hashrate of 9500MH/s as well as calls for 3425 watts to run-- the comparable to 19 Antminer L3+ miners. The L3+ is Bitmain's previous flagship Litecoin mining device, and also is still advertised on Amazon as "the most effective Litecoin miner" with a hashrate of 504MH/s.

Bitmain's brand-new model supposedly retails for 100,000 yuan (around $15,000) an unit, and also the company uses an abroad discount rate of 13%. It expects to provide the very first miners by November this year.

Mining Hardware 2021.

To make the most of this year's bull run, miners sucked up the globe's supply of graphics chips and CPUs. The only miner provided on Bitmain's web site, the S19j, is sold out. Others are provided as "coming quickly."

It's not just Bitmain. PC pc gaming devoteds have been struggling to obtain their hands on brand-new Nvidia chips. Powerful GPUs like the company's GeForce RTX 3080, RTX 3070, and RTX 3060 Ti are, unfortunately for gamers, really effective at extracting cryptocurrencies (especially Ethereum).

In May, Nvidia announced it was cutting the hash power on these devices. Then it announced its very own, purpose-built Ethereum miner, the CMP, or Crypto Mining Processor. At the end of last month, Quartz reported that the international scarcity of Nvidia chips pumped resale prices by as long as 300%.

While the crypto market is no stranger to change-- today is a specifically poor day, with rates down by concerning 5%-- the feverish demand for brand-new hardware shows that, in mining circles at the very least, crypto is expected to stay a while.

Read more