Bitmain Releases Mining Machine for Dogecoin and Litecoin: Reports

At a trade show in Chengdu today, Beijing-based mining hardware giant Bitmain has released a new mining rig designed for mining Dogecoin and Litecoin, according to a tweet from blockchain journalist Colin Wu. Exclusive: On June 19, Bitmain launched the new Litecoin/Dogecoin miner L7, equivalent to 19 sets of L3+, with 9500MH/s and 3425W hashrate, reducing the price by $15000, overseas purchase price by 13%. Delivery time is November 2021. — Wu Blockchain (@WuBlockchain) June 19, 2021 Wu reports that the new miner Antminer L7 has a hash rate of 9500MH/s and needs 3425 watts to operate. – Equivalent to 19 Antminer L3+ miners. L3+ is Bitmain's previous flagship Litecoin mining unit and is still promoted on Amazon as the "most powerful Litecoin miner" with a hashrate of 504MH/s. Bitmain's new model is reportedly selling for 100,000 yuan (about $15,000) per unit, with the company offering a 13% foreign discount. It expects to deliver the first miners by November of this year. Mining Hardware 2021 To make the most of this year's bull run, miners have sucked up the global supply of graphics chips and CPUs. S19j, the only miner on Bitmain's website, has been sold. Others are listed as 'coming soon'. It's not just Bitmain. PC gamers are struggling to get new Nvidia chips. The company's powerful GPUs like the GeForce RTX 3080, RTX 3070, and RTX 3060 Ti are unfortunately too efficient for gamers to mine cryptocurrencies (especially Ethereum). In May, Nvidia announced that it would reduce the hash power in these units. Next, it announced its own purpose-built Ethereum miner, the CMP or Crypto Mining Processor. Late last month, Quartz reported that the global shortage of Nvidia chips had increased resale prices by up to 300%. While the crypto market is no stranger to volatility – today is a particularly bad day, prices are down nearly 5% – fiery demand is on the rise.

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