Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine – Mining Bitcoin News

Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas prices are reduced by 13%.

Bitmain Unveils New Scrypt Miner With 9.5 Gigahash

According to the Chinese journalist Colin ‘Wu’ Blockchain, Bitmain has revealed a new scrypt coin mining device that packs a lot more hashrate than the company’s previous model. Wu tweeted out the news on Saturday after Bitmain showed off the specifications at an exposition held in Chengdu.

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“On June 19th, Bitmain released the new Litecoin/Dogecoin mining machine L7,” the China-based reporter tweeted. “With a hashrate of 9,500 MH/s and 3425W, equivalent to 19 sets of L3+, and the price is $15,000, [the] overseas purchase price is reduced by 13%. The delivery time is November 2021,” he added.

Moreover, Wu also said that Bitmain had shown off its “5nm-based Bitcoin water-cooled mining machine and a preview of the Dash mining machine D7.”

Photo via Colin ‘Wu’ Blockchain from Twitter.

The news from Bitmain follows the company’s unveiling of the Antminer E9 ethereum mining rig at the end of April. The device is not for sale yet and E9 prices have not been announced.

“[The] Antminer E9 ethereum miner. Equivalent to 32 – 3080 graphics cards, Equipped with a hashrate of 3 GH/s,” Bitmain explained at the time. The new scrypt miner from Bitmain follows the October 2017 release, the Antminer L3+ which produces around 600 MH/s.

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Presently, the Innosilicon brand A6+ Ltcmaster is the most profitable scrypt miner on the market today with 2,200 MH/s. A single A6+ Ltcmaster will give an owner $26 per day in profit using today’s exchange rates and $0.12 per kilowatt-hour.

Using the same electricity rate and today’s crypto prices for the most profitable scrypt coins, the Bitmain L3+ can rake in around $6.35 per day in profit.

If the specifications revealed by the Chinese journalist Colin ‘Wu’ Blockchain and the screenshot Wu shared as well are correct, the new Bitmain scrypt miner will be the most powerful on the market once it is released to the public.

For some perspective, the upcoming Bitmain scrypt ASIC machine would be more than four-times more powerful than Innosilicon’s A6+ Ltcmaster. 9,500 megahash per second is equivalent to 9.5 gigahash per second (GH/s) and the Innosilicon machine captures 2.2 GH/s.

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What do you think about Bitmain unveiling the new scrypt miner with 9,500 MH/s specifications? Let us know what you think about this subject in the comments section below.

Tags in this story
A6+ Ltcmaster, Bitmain, Bitmain Miners, Bytecoin, Doge, dogecoin, Innosilicon, L3+, litecoin, LTC, mining machines, mining rigs, scrypt ASIC machine, scrypt coins, scrypt miners, scrypt mining, verge

Image Credits: Shutterstock, Pixabay, Wiki Commons, Wu Blockchain, Twitter,

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Author: Jamie Redman

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