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Genesis Mining Offering Litecoin Cloud Mining Again
15, Jan 2017
Litecoin (LTC) is one of the oldest altcoins and it is still alive, although soon after the first wave of Scrypt ASIC miners appeared the interest and numbers of users mining the crypto has started diminising. You can say that LTC was in a bit of a slumber pretty much everywhere besides China at least until a few months ago when Innosilicon has finally released their A4 Dominator Scrypt ASIC miners. So the last few months things have started to move a bit once more and the development of Litecoin has also been a bit more active with SegWit support getting ready to be implemented as well.
The early Innosilicon A4 Dominator Scrypt ASIC miners apparently had some issues according to users that got the devices and they are still being offered, though with the upcoming Chinese new year there could be some delays if you purchase now. The A4 Dominator is supposedly offering 280 MHS hashrate with 1000W power usage and is available for a price of $1800 USD. You will need to get a power supply for the device separately as it is not included in the purchase price of the miner.
Interestingly enough with the increase of the interest in Litecoin (LTC) you can now again purchase Scrypt cloud mining hashrate for mining Litecoin from Genesis Mining. The cloud mining company has been offering Scrypt cloud mining contracts before, but stopped doing so quite some time ago and it now brings back the contracts again. One can easily assume that their new offers are most likely based on A4 Dominators and the pricing is pretty good as an alternative to purchasing the hardware yourself.
You can get 2 MHS Scrypt cloud mining hashrate for $28 USD, 50 MHS for $650 USD of 200 MHS for $2400 USD as a preset packages or any custom hashrate in between. The Scrypt cloud mining contracts are with a duration of 2 years and there is no maintenance fee, everything is included in the price you pay for the hashrate. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase a Scrypt cloud mining contract.
– For more information about the Scrypt cloud mining offers available from Genesis Mining…
Monero (XMR) has been rising up lately in terms of price and user interest and lately it even started rivaling the total market capitalization of Litecoin (LTC) as well as Ripple’s (XRP). In fact XMR, LTC and XRP and currently pretty close in terms of market capitalization and are seriously fighting for the 3rd place among the top crypto currencies in terms of market cap. With Ripple not mineable it is up to Litecoin and Monero to fight for the miners’ interest and Monero is doing much better lately when compared to Litecoin (ASIC mineable). Even with the availability of the new Innosilicon A4 ASICs being available for a while the interest in mining Litecoin hasn’t picked up much.
Monero (XMR) is gaining more interest however and people are getting back to mining it and trading it even more with new big exchanges such as Kraken adding XMR trading pairs as a result of the huge boom in the exchange rate of the altcoin. If you are interested in mining Monero and it is a coin you are still not very familiar with, then you can check a website dedicated for benchmarks with different hardware and miners to see what works best and what you can expect from your hardware. Also feel free to submit your own benchmark results as well…
– To take a look at the website with GPU & CPU Benchmarks for Monero Mining…
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…