All About BItcoin and Litecoin mining and other alternative crypto currencies
Zeus has just announced their third generation of Scrypt ASIC miners and has started taking pre-orders for end of Q4 delivery. For the moment the only Gen III miner is the ZeusMiner Volcano that should be capable of 300 MHS with just 1000W of power usage. The next generation of Scrypt mining chips should be capable of 1.2 MHS per chip and with a per chip power usage of less than 4 Watts, so a 256-chip device should be capable of providing the advertised 300 MHS hashrate. The standard price for the new ZeusMiner Volcano Scrypt ASIC is $1699 USD, however the first 500 units will be sold for a discounted price of $1599 USD and existing customers also get a $50 USD discount code in their accounts for use on Volcano orders. Furthermore if you use BTC or LTC for your payment, then you will get an extra 5% discount from the price of the miner.
Zeus does provide a guarantee that they will deliver the Volcano by the end of Q4 2014, and they even back that promise by offering the customers to give an extra Volcano miner if the shipment is delayed by 1 moth or the power consumption is 50% higher than initially promised. Not a bad offer for something that you need to pre-order and pay in advance, but you should still be careful and consider well should you decide to pre-order mining hardware. As we’ve seen with the more recent pre-orders for Scrypt ASIC miners offered by companies such as KNCMiner or Alpha Technology by the time these are shipped there is a high probability that they will not even be able to ROI let alone make profit and the reason for that is the very long time it took from announcing pre-orders to the release on the market. The case with the ZeusMiner Volcano is not such however as the hardware is not so expensive and the time for delivery is not that far, furthermore Zeus has already delivered Scrypt ASIC miners. Nevertheless be careful with pre-orders and do the math carefully when deciding should you invest in a Volcano miner or not.
The official website of Bitmain Tech has a new product listing for a few days already of a new device called Antminer L1, but there are still no details and specifications published. However the listing for the new device has the speed rating listed in MH/s even though it currently says 0 instead of GH/s rating that we see listed for the Bitcoin ASIC miners that the company sells. Until now Bitmain has only been offering Bitcoin miners, however it will not be a surprise if they have been working on a Scrypt ASIC miner as well and may soon launch such a device. For the moment there are still only speculations about the new device, but hopefully we are going to see an official announcement with specifications and know if it is going to be another Bitcoin miner or a Scrypt ASIC miner.
Update: The announcement just came, AntMiner L1 will be a Litecoin miner offering a price of $5 per MHS and will start shipping in December. The L1 miner should provide a hashrate of 120 MHS for Scrypt mining and will have a price of $599 USD per unit with free shipping worldwide, based on 28nm production process it will have a power usage of 380 Watt at the wall. It also seems that the new miner will have support for mining Scrypt-N crypto currencies as well and not only Scrypt ones. There is also something new about the Bitmain AntMiner L1 miner and that is the fact that the company is essentially accepting pre-orders for a device that should be ready for shipping in about 3 months from now. Up until now Bitmain has announced new products and shortly after that the company started shipping them, so the products were ready when announced and not still in the development stage as is the case with the L1 miner apparently.
With September closing up and many new Scrypt ASIC manufacturers getting ready to start shipping their mining hardware things are heating up with the currently available miners and in order to keep the users interest we need to see new prices. One of the most significant things about the Innosilicon A2 miners, a thing we have noted in our reviews of their products, is that they are pretty expensive or actually were. We know that the company is using 28 nm technology for their chips and thus achieves higher performance with lower power consumption, but up until recently the price of the hardware did not justify the difference in power usage compared to other alternatives available with higher power usage. The good news is that apparently Innosilicon has finally decided to lower the prices by also making available new miners, making them a more attractive option and finally able to compete with ZeusMiner for example price wise for the same or similar hashrate while still offering lower power usage.
The new A2 MINI Terminator is available for $789 USD and offers 35 MHS Scrypt hashrate with a power consumption of about 350W. Unlike the old A2 Mini miner however the new model does not come with built-in power supply, though there is still a Raspberry Pi controller built-in into the miner, so you need to also buy a PSU for this one. The other new miner is the A2 MEGA Terminator currently available for $2499 USD. This miner offers 110 MHS Scrypt hashrate with less than 1100W power usage as the device comes with built in 1100W power supply and a RPi controller like the A2BOX miner that we have already reviewed. With the new A2 miners the price per 1 MHS comes at about $23 USD for a complete solution ready to be used out of the box (adding a PSU for the Mini miner as well). So if you are currently considering making an investment in Scrypt ASIC hardware that is currently available you might want to take a look at the new Innosilicon A2 miners.