FoundationLogic Unveils Silent Residence Miner at Mining Disrupt 2024

Singapore, Singapore, July 4th, 2024, Chainwire

The industry-leading model of DOGE and Litecoin mining machines introduced a brand new product line on the latest Mining Disrupt 2024 convention.

FoundationLogic, the fabless semiconductor design firm behind high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took middle stage at Mining Disrupt 2024 in Miami, Florida, held from 24-26 June.

On the occasion, FoundationLogic unveiled its new product line for silent dwelling miners.

Like the professional ElphaPex DG 1/DG 1+ fashions, the brand new machine, 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 dwelling mining, ElphaPex DG Residence 1 guarantees silent, low-maintenance, but performant DOGE + LTC mining ensured by water-cooling know-how.

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 might be accessible for fast buy by means of the ElphaPex official web site.

ElphaPex DG Residence 1 drew a direct response from crypto mining insiders, with among the {industry}’s main influencers sharing photographs 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 dwelling miner embodies our dedication at ElphaPex to be everybody’s miner associate, whatever the scale of operations” mentioned Ben Weng, VP of Product at FoundationLogic. “We had been happy by the enthusiastic response we noticed on the convention, as many guests wished to get one on the spot. Fortunately, it gained’t be lengthy earlier than everybody can begin twin mining DOGE and Litecoin from the consolation of their houses”.

“ElphaPex merchandise have achieved a outstanding milestone within the DOGE & Litecoin mining chip {industry} and we’re excited to launch this new product into mass manufacturing” mentioned Charles Music, Government VP at Samsung Foundry. “I consider that is only the start of a really brilliant 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 primary sponsor of Mining Disrupt 2024, the Scrypt mining {hardware} firm hosted the official opening occasion and operated one of many occasion’s busiest cubicles, that includes participating 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 important in gentle of bitcoin’s latest halving, which has posed challenges throughout the {industry} as a result of decreased rewards. In addition they identified a number of key benefits of Scrypt {hardware} over SHA-256 {hardware}, together with higher money move, 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 customary available in the market and continues to dominate the Scrypt mining sector with a hashrate of 14000M, energy of 3920W and effectivity of 0.28JM.

Contemplating latest value traits and the rising availability of dependable Scrypt mining {hardware} offered by FoundationLogic, leveraging DOGE’s meme benefit alongside LTC’s stable 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 give attention to innovation and reliability, FoundationLogic makes use of state-of-the-art ASIC chips designed in-house and topics its merchandise to rigorous area testing. Via its flagship ElphaPex sequence, FoundationLogic empowers mining fans and professionals with cutting-edge, accessible machines, setting new requirements for effectivity and efficiency within the area. For extra data, customers can go to elphapex.com

X: https://x.com/ElphaPex

LinkedIn: https://www.linkedin.com/firm/100958166

Contact

VP of Product
Ben Weng
[email protected]