Singapore, Singapore, July 4th, 2024,
Chainwire
The industry-leading brand of DOGE and
Litecoin mining machines announced a new product line at the recent
Mining Disrupt 2024 conference.
FoundationLogic, the fabless
semiconductor design company behind high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took
center stage at Mining Disrupt 2024 in Miami, Florida, held from
24-26 June.
At the event, FoundationLogic unveiled
its new product line for silent home miners.
Like the pro ElphaPex DG 1/DG 1+
models, the new device, dubbed ElphaPex DG Home 1, is powered by
the Proof-of-Work (PoW) Scrypt algorithm, offering dual DOGE and
LTC rewards.
Designed for a new era of home mining,
ElphaPex DG Home 1 promises silent, low-maintenance, yet performant
DOGE + LTC mining ensured by water-cooling technology.
Set to be released in Q4, 2024, the new
model boasts a hashrate of 2000M, power of 620W and power
efficiency of 0.31JM. Upon launch, ElphaPex DG Home 1 will be
available for immediate purchase through the ElphaPex official
website.
ElphaPex DG Home 1 drew an immediate
reaction from crypto mining insiders, with some of the industry’s
major influencers sharing photos on social media as soon as the
model was showcased. Specifically, they described the new
water-cooled miner as “silent, powerful, and efficient”.
“This new silent home miner embodies our commitment at
ElphaPex to be everyone’s miner partner, regardless of the scale of
operations” said Ben Weng, VP of Product at FoundationLogic. “We
were pleased by the enthusiastic response we saw at the conference,
as many visitors wanted to get one on the spot. Luckily, it won’t
be long before everyone can start dual mining DOGE and Litecoin
from the comfort of their homes”.
“ElphaPex products have achieved a remarkable milestone
in the DOGE & Litecoin mining chip industry and we’re excited
to launch this new product into mass production” said Charles Song,
Executive VP at Samsung Foundry. “I believe this is just the
beginning of a very bright future for ElphaPex”.
In addition to launching its newest
product, FoundationLogic made a strong impression at the event,
drawing attention from industry insiders and influential
figures.
As the main sponsor of Mining Disrupt
2024, the Scrypt mining hardware company hosted the official
opening party and operated one of the event's busiest booths,
featuring engaging activities and giveaways.
Another standout at the conference was
FoundationLogic’s keynote presentation.
During the keynote, the company’s
representatives emphasized their commitment to advancing Scrypt
mining, highlighting its growing potential for miners. This is
particularly significant in light of bitcoin’s recent halving,
which has posed challenges across the industry due to reduced
rewards. They also pointed out several key advantages of Scrypt
hardware over SHA-256 hardware, including better cash flow, ROI,
and equipment lifecycle.
Another highlight of the presentation
was the success of the ElphaPex DG 1+, an ASIC miner launched earlier this year at Blockchain Life 2024 in
Dubai. As FoundationLogic's flagship model, it has set a new
standard in the market and continues to dominate the Scrypt mining
sector with a hashrate of 14000M, power of 3920W and efficiency of
0.28JM.
Considering recent price trends and the
increasing availability of reliable Scrypt mining hardware provided
by FoundationLogic, leveraging DOGE’s meme advantage alongside
LTC’s solid track record may offer a strategy for mining operations
this year.
About FoundationLogic
FoundationLogic is a Singapore-based
fabless semiconductor design company dedicated to revolutionizing
the cryptocurrency mining industry. With a focus on innovation and
reliability, FoundationLogic utilizes state-of-the-art ASIC chips
designed in-house and subjects its products to rigorous field
testing. Through its flagship ElphaPex series, FoundationLogic
empowers mining enthusiasts and professionals with cutting-edge,
accessible machines, setting new standards for efficiency and
performance in the field. For more information, users can visit
elphapex.com
X: https://x.com/ElphaPex
LinkedIn: https://www.linkedin.com/company/100958166
Contact
VP of Product
Ben
Weng
ben@foundationlogic.com