Singapore, Singapore, July 4, 2024, Chainwire
The industry-leading brand of DOGE and 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 (DOGE) + Litecoin (LTC) miners, took center stage at Mining Disrupt 2024 in Miami, Florida, held from June 24-26.
At the event, FoundationLogic introduced its new line of products for quiet home miners.
Like the professional ElphaPex DG 1/DG 1+ models, the new device, dubbed the ElphaPex DG Home 1, runs on the Scrypt Proof-of-Work (PoW) algorithm, offering dual rewards in DOGE and LTC.
Designed for a new era of home mining, the ElphaPex DG Home 1 promises quiet, low-maintenance, and high-performance DOGE + LTC mining guaranteed by water-cooling technology.
The new model, which will be launched in Q4 2024, features a 2000M hash rate, 620W power, and 0.31JM energy efficiency. Upon launch, ElphaPex DG Home 1 will be available for immediate purchase via the ElphaPex official website.
The ElphaPex DG Home 1 generated an immediate reaction from cryptocurrency mining experts, 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 represents our commitment at ElphaPex to be everyone’s mining partner, regardless of the scale of operations,” said Ben Weng, VP of Product at FoundationLogic. “We were pleased with the enthusiastic response we saw at the conference, with many visitors wanting to get one on-site. Fortunately, it won’t be long before everyone can start dual-mining DOGE and Litecoin from the comfort of their own homes.”
“ElphaPex products have reached 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 (KS:) 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, attracting the attention of industry experts and influential figures.
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, featuring engaging activities and giveaways.
Another highlight of the conference was the keynote presentation by FoundationLogic.
During the keynote, company representatives stressed their commitment to advancing Scrypt mining, highlighting its growing potential for miners. This is particularly significant in light of the recent Bitcoin 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 improved cash flow, return on investment, 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, a power of 3920W and an 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 coupled with LTC’s strong 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 provides mining enthusiasts and professionals with cutting-edge, affordable machines, setting new standards for efficiency and performance in the field. For more information, users can visit elphapex.com
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ContactVice President of ProductBen Weng[email protected]
This article was originally published on Chainwire
