Bitmain Announced New Litecoin Mining Hardware

Bitmain Announced New Litecoin Mining Hardware

Famous mining producer Bitmain has introduced new litecoin hardware it is aiming to deliver in July. The organization listed the Antminer L3+ miner on its internet site, claiming that it’ll be the most effective and efficient of its type available on the market. Posted specifications suggest that the miner operates at a top hash rate of 504 megahashes per second, even as consuming 1.6 Joules per Megahash. The starting price is $1,370.

Bitmain worldwide income vice president Gadi Glikberg noted that new demand for litecoin, which has seen its costs skyrocket in latest days, led the organization to announce the miner.


Gadi Glikberg stated:

“Nowadays, the litecoin exchange rate goes up, so increasingly more clients are contacting us looking for miners. We try to reply via hardware, although manufacturing has certain difficult timelines. We try to keep a watch in the marketplace and provide more interest to initiatives that seem in better demand.”

The hardware’s launch comes because the litecoin network moves in the direction of adopting a scaling solution formerly proposed by creators operating on bitcoin. Litecoin miners have begun to signal their purpose for adopting segregated witness, a suggestion aimed toward growing the quantity of data that may be saved in a block at the same time as addressing problems including transaction malleability. The change requires that seventy-five percent of blocks produced during an 8,064 block activation period need to signal for the modifications.


Now, that key stage stands simply over seventy-eight percent, which means the activation will occur someday in the next thirty days if the level of signaling stays the same. However, Bitmain is not moving to dedicate huge sources to the litecoin area, reiterating the company’s commitment to bitcoin hardware.

Gadi Glikberg said:

“The latest growth still has a fraction of the marketplace cap of bitcoin. As mining and marketplace cap are coupled, our main attention has and stays in bitcoin.”

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