All About Bitcoin and Litecoin mining and other alternative crypto currencies
Spondoolies-Tech has a special holiday offers for their smaller 1.7 THS Bitcoin ASIC miners targeted at home miners – the SP20 Jackson. The units are shipping from stock and a single SP20 Jackson is currently available for $659 USD, a three SP20 Nano Farm miners pack is available at $1900 USD with free shipping included (~$633.33 USD per miner) and a 15 SP20 Mini Farm miners pack is available for $7995 USD ($533 USD per miner) with free shipping. Do nnote that the SP20 Jackson miners do not come with power supply included and a good 1200W PSU is recommended for each of the miners, so you should count these as well when doing the ROI math.
Spondoolies-Tech also offers a bigger Bitcoin ASIC miners in terms of hashrate, these are the 4.9 THS SP31 Yukon available at $2595 USD and the 5.5 THS SP35 Yukon available at $2795 USD. Thse miners however are targeted at larger mining operations, though you can consider them as an alternative to the packages including multiple SP20 Jackson miners as they do come ready to be installed and used – with built-in power supplies. At the moment Spondoolies-Tech probably has the most power efficient ASIC miners that are available to order and ready to be shipped.
With the current situation on the crypto currency markets and especially the low exchange rate of the Litecoin it is no wonder that we are seeing another ASIC manufacturer cancelling their plans to release a new Scrypt ASIC Miner. The problem with these kinds of actions is that manufacturers are loosing users trust, even though they may try to compensate their customers in some way. Back when BitMain announced the pre-order for the L1, something new for them back then, we weren’t that happy and now we are also not very happy with the fact that BitMain waited up until now to announce they are cancelling the L1 when they were supposed to actually start shipping the finished product. Below you can find quoted the official announcement from BitMain about the discontinuation of Antminer L1 along with what options they offer to customers who have pre-ordered the miner:
Dear loyal customers,
The decision has been taken not to continue production of the Antminer L1
In response, all customers will be able to choose one of three options:
1) The original order value of $599 will be refunded at 105% value [$629] by bitcoin at current market rates. Customers will receive bitcoin payment.
2) The original order value of $599 will be refunded at 110% value [$659] by bitcoin at current market rates. This will be credited against any new S3/S4/C1 order placed in the web store.
3) The original order value of $599 will be credited at 115% value [$689] against an S5 order placed in the web store. This will be issued in the form of a 15 day coupon, each coupon valued [$344.5].
Please await an email email@example.com for further instructions.
Though we are sorry that we do not deliver this time, it still turns out that buying L1 from BITMAIN is a very best way to earn more Litecoin.
Data Analysis: In the beginning of L1 sales, you only need to pay 115.86LTC to buy one L1 per the LTC/USD exchange rate 5.17 in the early September. However, you will get 193.22LTC under current LTC/USD exchange rate 3.1. And then plus extra 5% value, a total amount you get is 202.88LTC per unit. Return on investment is 75%. If you choose coupon compensation, Return on investment is 91%.
It is not very clear weather BitMain has already finished with the development and has actually produced some mining hardware or they are cancelling things before they have actually been finalized. The problem is that after ZeusMiner cancelled their Volcano miner and 3rd generation Scrypt ASICs and now the same happening with BitMain and their AntMiner L1 Scrypt ASIC things do not look that good for Litecoin and other Scrypt crypto currencies. The low exchange rate of LTC at the moment makes older Scrypt ASIC miners not very profitable to run due to their high power usage and with no newer generation more efficient miners announced to be coming soon things could get even worse.
The maker of ASIC Bitcoin miners TechnoBit, using various ASIC chips as a source for their miners, has announced a new interesting product based on Spondoolies Tech’s RockerBox ASIC. The device is designed to be small both in size and in terms of hashrate, but also to be quiet and power efficient. It is targeted at home miners that are mining just as a hobby as it will not be mining a lot of coins at the current Bitcoin network difficulty, but the good price of the miner makes it affordable and easy to acquire to also play out with ASIC miner if you haven’t done so yet. The Dice is delivered with set of Windows/Linux software (cgminer-based) that should allow the use of the device in two different ways – either as an entry level Bitcoin mining device to work with a mining pool or as a personal Bitcoin lottery device with a custom software and do solo mining testing your luck – every 10 minutes, you have a chance of 150/300,000,000 to get 25 BTCs.
TechnoBit DICE Specifications:
– Hash Rate: 150 GH/s at 0.75V and 125 Ghs at 0.69 V
– Power Efficiency: 0.7 Watt/GH/s on wall at 0.75V and 0.6 Watt/GH/s on wall at 0.69V
– Power Usage: 105-108 Watts at 150 GHS
– Voltage: DC 12V input, 9A
– Chip Quantity per unit: 1
– One 80mm quiet fan
– Noise: ~20 DB at 25°C ambient temperature
– Hashrate and VDD core voltage can be adjusted via cgminer command line
– USB connection
– 12V both PCI-E and barrel connectors
– Certificate Compliance: FCC/CE
You can say that the TechnoBit Dice can be a better alternative to BitMain’s U3 ASIC miner. The Dice is more power efficient and provides higher hashrate and you can buy it in the form of a single unit, unlike BitMain who had a minimum order quantity of 20 units while the miner was available for sale on their website. TechnoBit’s Dice will start shipping on December 18th and you can currently pre-order a single unit with a price of 78 EURO with additional 8% discount if you order 10 units, though it is not a very wise idea to go for 10 or more of these for personal use. If you want to have the same power efficiency and higher hashrate you might want to take a look at the bigger Spondoolies Tech ASIC miners that use more than just one RockerBox ASIC chips.