Bitmain Sets Release for L9 Miner, Promising 'Unchallenged' Efficiency in Scrypt Mining

According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte.

Bitmain Set to Launch L9 Scrypt Miner in May for Litecoin and Dogecoin Miners

Bitmain announced on Tuesday its plans to launch the new L9 Antminer in May. The company declared on social media that the forthcoming ASIC stands as an “unchallenged miner” for crypto assets like LTC, DOGE, and BEL. Currently, Bitmain’s L7 miner is sold out, delivering 9,050 MH/s and sporting an energy efficiency of 0.36 J/M. With prevailing crypto asset values and an electricity rate of $0.12 per kilowatt hour (kWh), the L7 generates an estimated $7 per day.

The upcoming L9 is set to offer 16,200 megahash per second (MH/s) or 16.2 gigahash per second (GH/s) in hashpower. It surpasses the L7 in efficiency, boasting an energy efficiency rate of 0.21 J/T. This enhancement suggests that, under the same electricity costs, the L9 could potentially double the daily earnings compared to the L7. However, Bitmain’s latest update on Tuesday left out pricing details for the upcoming L9 model.

Scrypt miners not only mine LTC, DOGE, and BEL, but they also mine coins like AUR, DGB, EMC2, FLO, XVG, EMD, GAME, and NLG.

Previously, the L7 model was priced at $6,335 each, dropping to about $4,435 with a Bitmain coupon before selling out. The release of the new miner coincides with the Litecoin (LTC) blockchain achieving a new peak in its hashrate, surpassing 1 petahash per second (PH/s). Specifically, the network hit a record of 1.75 PH/s on March 6, 2024, at block height 2,644,992.

Similarly, the Dogecoin (DOGE) network saw its highest hashrate at block height 5,150,193 on March 29, 2024, reaching 3.05 PH/s. Currently, both Litecoin and Dogecoin maintain hashrates of just over 1 PH/s for each network. Prior to the release of its latest L7, last month Bitmain introduced new Antminer S19 Pro units featuring a 15 J/T efficiency which produces 234 terahash per second (TH/s) per unit.

At present, an S19 Pro costs $6,318, or $4,423 with a company coupon. Leading mining rig producers, including Canaan, Microbt, Auradine, and Bitmain, are enhancing efficiency ratings with their newest offerings and are in thick competition. As of mid-April 2024, while SHA256 mineable coins rank as the fourth most lucrative, Scrypt coins are positioned sixth. Upon its official release, the L9 is set to become the most profitable Scrypt miner available on the market.

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