FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024 | Currency News | Financial & Business News

Singapore, Singapore, July 4, 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 the high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took center stage at Mining Disrupt 2024 in Miami, Florida, held June 24-26.

At the event, FoundationLogic unveiled its new product line for silent home miners.

Like the professional ElphaPex DG 1/DG 1+ models, the new device, dubbed ElphaPex DG Home 1, is powered by the Scrypt Proof-of-Work (PoW) algorithm, offering double DOGE and LTC rewards.

Designed for a new era of home mining, ElphaPex DG Home 1 promises quiet, low-maintenance, yet high-performance DOGE + LTC mining powered by water cooling technology.

The new model, scheduled for release in Q4 2024, boasts a hash rate of 2000M, a power output of 620W, and an energy efficiency of 0.31JM. Upon launch, ElphaPex DG Home 1 will be available for immediate purchase on the ElphaPex official website.

The ElphaPex DG Home 1 has sparked an immediate reaction from crypto mining industry insiders, with some of the industry’s top influencers sharing photos on social media as soon as the model was unveiled. Specifically, they described the new water-cooled miner as “quiet, powerful, and efficient.”

“This new silent home miner embodies our commitment at ElphaPex to be the partner for all miners, regardless of the scale of their operations,” said Ben Weng, VP of Product at FoundationLogic. “We were thrilled with the enthusiastic response we saw at the conference, with many attendees wanting to get their hands on one on-site. Fortunately, it won’t be long before everyone can start dual mining DOGE and Litecoin from the comfort of their own home.”

“ElphaPex products have achieved a remarkable milestone in the DOGE and Litecoin mining chip industry and we are excited to launch this new product into mass production,” said Charles Song, Executive Vice President of Samsung Foundry. “I believe this is just the beginning of a very promising future for ElphaPex.”

In addition to launching its newest product, FoundationLogic made a big impression at the event, attracting the attention of industry insiders and influencers.

As the main sponsor of Mining Disrupt 2024, mining hardware company Scrypt hosted the official opening party and operated one of the busiest booths at the event, offering engaging activities and giveaways.

Another highlight of the conference was the keynote presentation by FoundationLogic.

During their keynote, company representatives emphasized their commitment to advancing Scrypt mining, highlighting its growing potential for miners. This is especially important in light of the recent Bitcoin halving, which has posed challenges to the entire industry due to reduced rewards. They also highlighted several key advantages of Scrypt hardware over SHA-256 hardware, including better cash flow, better ROI, and improved 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 hash rate of 14,000M, a power of 3,920W and an efficiency of 0.28JM.

Given recent price trends and the increasing availability of reliable Scrypt mining hardware provided by FoundationLogic, leveraging DOGE’s meme advantage along with LTC’s strong track record may offer a strategy for mining operations this year.

About FoundationLogic

FoundationLogic is a Singapore-based semiconductor design company dedicated to revolutionizing the cryptocurrency mining industry. With a focus on innovation and reliability, FoundationLogic uses cutting-edge ASIC chips designed in-house and subjects its products to rigorous field testing. Through its flagship ElphaPex series, FoundationLogic provides mining enthusiasts and professionals with cutting-edge and 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

Vice President of Products
Ben Weng
[email protected]