Bitmain Debuts New Litecoin Mining Hardware, Citing Customer Demand

Mining producer Bitmain has introduced new litecoin it’s aiming to ship in July.

The China-based firm listed the Antminer L3+ miner on its web site yesterday, claiming that will probably be probably the most highly effective and environment friendly of its variety in the marketplace. Published specifications point out that the miner operates at a peak hash fee of 504 megahashes per second (MH/s), whereas consuming 1.6 Joules per Megahash (J/MH). The beginning worth is $1,370.

Notably, Bitmain worldwide gross sales VP Gadi Glikberg mentioned that new demand for litecoin, which has seen its worth skyrocket in latest days, led the corporate to announce the miner.

Glikberg advised CoinDesk:

“Right now, the [litecoin] exchange rate is going up, so more and more customers are contacting us in search of miners. We try to respond through hardware, though production has certain hard timelines … We try to keep an eye on the market and give more attention to projects that seem in higher demand.”

The ‘s launch comes because the litecoin community strikes towards adopting a scaling resolution beforehand proposed by builders engaged on bitcoin.

Litecoin miners have started to signal their intention for adopting segregated witness, a proposal geared toward rising the quantity of knowledge that may be saved inside a block whereas additionally addressing points akin to transaction malleability. The change requires that 75% of blocks produced throughout an eight,064 block activation interval should sign for the change.

At press time, that key stage stands simply over 78%, in line with Litecoinblockhalf.com, that means the activation will occur someday inside the subsequent 30 days if the extent of signaling stays the identical.

For now, nevertheless, Bitmain is not shifting to dedicate vital assets to the litecoin house, reiterating the agency’s dedication to bitcoin .

“Even with the recent increase [litecoin] still has a fraction of the market cap of bitcoin,” Glikberg mentioned. “As mining and market cap are coupled, our main focus has and remains in bitcoin.”

Photo by way of Shutterstock; Image capture from Bitmain