Bitmain Launch new L7 Mining ASIC.

Talking at an occasion in Chengdu, China on June nineteenth, Bitmain, the biggest provider of specialized ASIC cryptocurrency mining {hardware}, introduced the discharge of its new L7 Scrypt based mostly mining {hardware}.

Colin Wu a Journalist on the occasion reported the brand new L7 purports to have a hash price of 9500MH/s a rise of 19x from the earlier era L3+ that launched in 2017. It can require a 3425W energy provide, due to this fact working at an effectivity of 0.36 Joules/MH and can value a reported 100,000 Yen or ~$15,000 however comes with a 13% low cost for abroad purchases. In response to Coinwarz at an electrical energy unit value of $0.1 per KWH the profitability on the L7 is round $100/day based mostly on the present market worth of Litecoin and Dogecoin (which is merge mined with Litecoin).

The estimated supply for this new {hardware} is November 2021.

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