Singapore, Singapore, July 4th, 2024, Chainwire
The industry-leading model of DOGE and Litecoin mining machines introduced a brand new product line on the current Mining Disrupt 2024 convention.
FoundationLogic, the fabless semiconductor design firm behind high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took heart stage at Mining Disrupt 2024 in Miami, Florida, held from 24-26 June.
On the occasion, FoundationLogic unveiled its new product line for silent house miners.
Like the professional ElphaPex DG 1/DG 1+ fashions, the brand new gadget, dubbed ElphaPex DG Residence 1, is powered by the Proof-of-Work (PoW) Scrypt algorithm, providing twin DOGE and LTC rewards.
Designed for a brand new period of house mining, ElphaPex DG Residence 1 guarantees silent, low-maintenance, but performant DOGE + LTC mining ensured by water-cooling expertise.
Set to be launched in This autumn, 2024, the brand new mannequin boasts a hashrate of 2000M, energy of 620W and energy effectivity of 0.31JM. Upon launch, ElphaPex DG Residence 1 shall be out there for quick buy by way of the ElphaPex official web site.
ElphaPex DG Residence 1 drew a right away response from crypto mining insiders, with among the {industry}’s main influencers sharing pictures on social media as quickly because the mannequin was showcased. Particularly, they described the brand new water-cooled miner as “silent, highly effective, and environment friendly”.
“This new silent house miner embodies our dedication at ElphaPex to be everybody’s miner companion, whatever the scale of operations” mentioned Ben Weng, VP of Product at FoundationLogic. “We have been happy by the enthusiastic response we noticed on the convention, as many guests needed to get one on the spot. Fortunately, it received’t be lengthy earlier than everybody can begin twin mining DOGE and Litecoin from the consolation of their properties”.
“ElphaPex merchandise have achieved a exceptional milestone within the DOGE & Litecoin mining chip {industry} and we’re excited to launch this new product into mass manufacturing” mentioned Charles Tune, Govt VP at Samsung Foundry. “I imagine that is only the start of a really vivid future for ElphaPex”.
Along with launching its latest product, FoundationLogic made a robust impression on the occasion, drawing consideration from {industry} insiders and influential figures.
As the principle sponsor of Mining Disrupt 2024, the Scrypt mining {hardware} firm hosted the official opening social gathering and operated one of many occasion’s busiest cubicles, that includes partaking actions and giveaways.
One other standout on the convention was FoundationLogic’s keynote presentation.
Through the keynote, the corporate’s representatives emphasised their dedication to advancing Scrypt mining, highlighting its rising potential for miners. That is significantly vital in mild of bitcoin’s current halving, which has posed challenges throughout the {industry} attributable to diminished rewards. In addition they identified a number of key benefits of Scrypt {hardware} over SHA-256 {hardware}, together with higher money circulate, ROI, and tools lifecycle.
One other spotlight of the presentation was the success of the ElphaPex DG 1+, an ASIC miner launched earlier this 12 months at Blockchain Life 2024 in Dubai. As FoundationLogic’s flagship mannequin, it has set a brand new commonplace out there and continues to dominate the Scrypt mining sector with a hashrate of 14000M, energy of 3920W and effectivity of 0.28JM.
Contemplating current value developments and the growing availability of dependable Scrypt mining {hardware} offered by FoundationLogic, leveraging DOGE’s meme benefit alongside LTC’s strong observe report might provide a method for mining operations this 12 months.
About FoundationLogic
FoundationLogic is a Singapore-based fabless semiconductor design firm devoted to revolutionizing the cryptocurrency mining {industry}. With a deal with innovation and reliability, FoundationLogic makes use of state-of-the-art ASIC chips designed in-house and topics its merchandise to rigorous subject testing. Via its flagship ElphaPex sequence, FoundationLogic empowers mining fanatics and professionals with cutting-edge, accessible machines, setting new requirements for effectivity and efficiency within the subject. For extra data, customers can go to elphapex.com
LinkedIn: https://www.linkedin.com/company/100958166
Contact
VP of Product
Ben Weng
[email protected]
