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The L5 Bitmain ASIC Scrypt Miner Buzz Is Getting Louder

Posted by QuoteColo on October 14, 2019

One of the constants in the field of cryptocurrency mining is the fact that to stay competitive and to make money, new and more powerful mining machines are always needed. One of the latest machines that will be coming to the market is Bitmain’s Bitdeer L5 Scrypt Miner. However, this is not just going to be a typical upgrade to current mining equipment. Many are seeing this as a revamp that can bring some needed changes to the field. Unfortunately, little is currently known about the machine, but bits of information are starting to emerge, which are helping to provide some clues.

The Litecoin hashrate has been increasing and is now at the highest point it has ever been. The higher hashrate shows that there is more significant mining opportunity available right now. What could be causing the increased hashrate? There have been rumors that it was a new, powerful miner, but it appears that they might be more than just rumors. It could also be increasing because there is an upcoming halving event.

Bitmain is supposedly using the Litecoin L5 miner at their mining farms currently, and it included Bitdeer. Some had been skeptical that the machine was real and that it was in use, but according to Franklyn Richards, the Litecoin Foundation Director, it is not just a possibility. It is real, and it is currently in the process of being rolled out.

What Does the Miner Offer?

What is it that will make the L5 miner a different and better option? The data that has been gathered, according to Richards, shows that there are some significant improvements over earlier machines. They can more than double the hashrate, for instance. This means that the machine will be able to mind substantially faster than the previous models. They even skipped over the name L4, likely to denote just how much more power it has than the current crop of L3++ miners that are on the market and doing most of the work.

Ultimately, this can mean more money for those who are mining. While this might not be the most powerful machine on the market today, you will find that it is one of the best options available. The L5 also helps with the security of the Litecoin network, which is an added benefit.

If you have been mining Litecoin, the prospect of a new and better machine is nice. Hopefully, it will not be too much longer before the machine is released to the public at large.

Keep Watching

As mentioned, there is still relatively little known about the new L5 Bitmain ASIC Scrypt Miner, but more details are likely to start emerging sooner rather than later. If the rumors are to be believed, they will be more readily available shortly, which can mean good news for many of the mining operations out there.

Resources: https://www.asiacryptotoday.com/bitmains-bitdeer-unleashing-a-game-changing-litecoin-l5-miner-hash-rate-spikes

 

Categories: Bitcoin

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