Altcoins News
By Dan Saada
1 / 12
On June 19th, Bitmain released the new Litecoin/Dogecoin mining machine L7, with a hashrate of 9500MH/s and 3425W, equivalent to 19 sets of L3+, and the price is $15000, overseas…
2 / 12
In addition, Bitmain also disclosed a 5nm-based Bitcoin water-cooled mining machine and a preview of the Dash mining machine D7.
3 / 12
As published in Litecoin.com: “Speaking at an event in Chengdu, China on June 19th, Bitmain, the largest supplier of specialized ASIC cryptocurrency mining hardware,…
4 / 12
Colin Wu a Journalist at the event reported the new L7 purports to have a hash rate of 9500MH/s an increase of 19x from the previous generation L3+ that launched in 2017.
5 / 12
The estimated delivery for this new hardware is November 2021.”
6 / 12
Community response was like: So major hash rate jump incoming. Will be easy to see when these come online.
7 / 12
This will lead in more sell pressure.This will not help LTC. The calculation is a bit off, my L3+ run significantly cheaper (I under volt the hash boards, at no cost).
8 / 12
Who would want to run a miner for LTC. LTC has only been around for 10 years with 100% uptime.
9 / 12
I rather mine Litecoin/dogecoin than Bitcoin since it is more profitable at this point. Definitely ordering a few of these
10 / 12
Do the math first. These are outlandishly expensive machines and the extra ~$30 per day over running a comparable rack of L3+ miners results in a 435 day break-even.
11 / 12
Bet Bitmain pump the difficulty before they reach the end users again increasing the length of time to pay off the machine. No one will buy at 15k.
12 / 12
So on November 2021 the hashrate of (19sets L3+) will be like 3 sets. Too late to wait. Who knows how long it will take a buyer to earn that $15,000 back.
The Currency Analytics
Want the full story?