All About BTC, LTC, ETH mining as well as other alternative crypto currencies
AlcheMiner has posted that they are planning to start work on a second generation Scrypt ASICs, however they are looking for investors to help them start the process and that they plan to gather $5 million to $7 million for the Alchemist II project. They are looking for serious investors offering multiple investment plans starting at 50K USD, 500K and 1 Million USD offering different benefits. According to the information published it will take them about five to six months for the first batch to be launched in the market after the fundraising goal is met. The new chips are supposed to be used in AlchemistII-128 128 MHS miner with 280W power usage priced at $1299 USD and AlchemistII-512 512 MHS miner with 1150W of power usage and a price of $4950 USD.
The brief specifications for the new chip:
– Hash rate: 2 MHS
– Power consumption on the wall: 3~4J (1.5J~2J/MHash)
– TSMC 28HPC tech node
– Full custom design
The problem with their offer is that with their first generation hardware things were not that bright, there were issues and delays, problems with some of their partners such as MAT. Now the company wants to find big investors for new Scrypt ASIC miners promising hardware delivery in half a year with not so attractive hardware prices although specs look promising. The problem is that their track record is not that good, even though they actually had some hardware released and the current situation with Scrypt crypto currencies including Litecoin is not so great at the moment. The low market price of LTC following the recent halving of the block reward and the general uncertainty in the future makes it hard for anyone to actually invest in Scrypt ASIC hardware that is actually not ready at the moment. The recent SFARDS fiasco with the company being very vocal prior to having their new hardware ready and then going completely silent after apparently it has been ready for market also does not do any good for initiatives like the one AlcheMiner is trying to do. So what you might be waiting with anticipation in regards to Scrypt ASIC hardware could only end up being the next generation Innosilicon hardware that might soon be available…
It seems that MAT (Mining Asics Technologies) has “resumed shipping” or more like actually started shipping their Scrypt ASIC miners to customers, there is even a user review of their 250 MHS Excalibur miner. Interestingly enough there is also a discussion going on that the MAT Scrypt ASIC miners and the Alcheminer Scrypt ASIC miner use essentially the same hardware. If this is true the it is interesting who is the actual manufacturer of the hardware when even the timing of the two companies in releasing ans shipping hardware also pretty much coincides. We can speculate that either Alcheminer or MAT has developed the hardware and one company is the OEM supplier for the other company, though there is no official information linking the two companies… or the actual designer and manufacturer of the chips could be a completely different company.
Another Scrypt ASIC manufacturer, namely Alpha Technology has still not started shipping their miners. The company did not manage to meet their initial target to start shipping in September and has announced that they should be able to do it in October. Now, at the end of the month we still haven’t seen an announcement that the company is ready with the actual miners and will start shipping this month, so we can assume that the target for shipping has slipped to November. Eve though about the company has shown some photos of their ASCI chips earlier this month they are apparently not ready with the complete solution yet. Alpha Technology like many other Scrypt ASIC manufacturers that do or did take pre-orders does not like much to keep their customers up to date on how things are progressing, even after failing to meet their promises, so status updates are still rarely released.
KnCMiner is apparently also shipping again some more Titan Scrypt ASIC miners to customers after they have recently promised to ship all of the remaining Batch 1 pre-orders in the next three weeks. As a result we are seeing some more significant increase in the total network hashrate and difficulty of the Litecoin network with the Titans performing best when mining high difficulty coins such as LTC. That however does not contribute that much to making customers of the company happy as people are still not satisfied by how KNC is not keeping their promises.
Back in April we have mentioned the company AlcheMiner along others that were offering pre-orders for Scrypt ASIC miners. We have warned our readers to be careful with what the company offered back then, though it seems that they have started shipping Scrypt ASIC miners this month, or at least we have a first user review showing one of their products. In September AlcheMiner has released an official video (embedded above) demonstrating one of their products in action, though they have not updated their news section since then with information that they are actually shipping to customers already. So we would still recommend caution since there is still not much information about the company and their products available besides the first unboxing and review linked below.