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The A2 chip is developed by Innosilicon’s teams based in Silicon valley and China and is the first 28nm Scrypt ASIC to hit the market. The global exclusive contract with Gridseed, the first Scrypt ASIC chip manufacture in the world, means the two most advanced ASIC producers will be able to provide better products and services for our mining community.
This new partnership will most likely mean that these new miners will be able to beat the competition that has also been working on 28nm Scrypt ASICs such as KnCMiner and Alpha Technology in terms of delivery time. We still don’t have official information about expected delivery dates, but we consider that end of May may sounds like a reasonable and optimistic date to start deliveries of first units. We’ll see how things go, but the battle on the Scrypt ASIC market is already seriously heating up.
– For more information about the Innosilicon A2 Terminator Scrypt ASIC Chips…
Update: It seems that this deal with Gridseed might have not been finalized as Innosilicon has published the following updated information on their website (the link above):
Up to this point (May 5th 2014), Innosilicon has not signed any deal on official reselling or distribution rights with anyone so any announcement from an non-Innosilicon source claiming any rights on A2 is false.
Update: And the above sentence has been removed from Innosilicon’s website and has been replaced with the following:
Gridseed is one of our strategic customers and partners in virtual currency area, we share the responsibility of building a healthy environment for this innovative and exciting market place. If you’re looking for the right product that can help improve your appetite, have a look at this Forbidden Fruit Weed Strain Review by Freshbros.
Litecoin is Still on the Rise, Testing $8 USD
9, Jul 2015
The exchange price of Litecoin (LTC) is still on the rise with the alternative crypto currency already testing the $8 USD target and this has caused a lot of speculation about the reasons behind this recent rise. Some people say it could be due to the recent high load on the Bitcoin blockchain and transactions processing slow due to a lot of unconfirmed ones in the backlog. Other say the reason could be just another pump and dump scheme by a big player with a lot of coins. Another plausible possibility is due to the upcoming fist halving of the LTC reward at the end of August, or the unfavorable situation in Greece at the moment or that on the issues with the China stock markets and the list goes on and on…
Regardless of the reason behind the jump in the exchange rate it is already causing increased demand for Scrypt ASIC miners and services offering Scrypt cloud mining, however nowadays these are scarce and had to find. The best thing you can probably get at the moment is an Innosilicon A2 Scrypt ASIC miner at a discounted price if you manage to find yourself a good deal for a SilverFish Scrypt Blade miner. With Bitmain Tech and ZeusMiner canceling their Scrypt ASIC projects last year (maybe they can restart them if the trend continues) and KnCMiner stopping to sell their Titan Scrypt ASICs and any other ASIC miners to end users there is just one new interesting option coming up. The new SFARDS SF100 Dual-Miner ASICs that are supposed to be available later this month, though SFARDS is still keeping silent about their pricing and expected availability is said to be July.
In the end it is good that we are finally seeing some movement surrounding LTC along with some other Scrypt crypto currencies as nothing much has been happening around Litecoin in the last few months, so the recent price jump and revived interest is definitely a good thing for people that are into altcoins. Especially now that Bitcoin mining is moving away from home miners and more and more towards large mining farms, whereas Scrypt mining is still at a phase where it is still focused mostly in the hands of small mining operations. So we are keeping a close eye on the development around Litecoin and so should you…
Lately we are seeing an interesting development in the world of BTC and LTC mining, there is a rapid increase in the difficulty and network hashrate of Litecoin even though the price is not that high. With Bitcoin we are seeing a slight drop in the network hashrate and difficulty, and the prognosis for the next adjustment is also for a decrease in the hashrate and difficulty. While we are expecting LTC difficulty to continue to rise with more ASIC miners getting introduced on the market, we are kind of surprised to see the slight drop for BTC. The reason for that is probably the old mining hardware that is getting too expensive to run with the current low exchange rate for Bitcoin and is taken offline.
Below we are going to take a look at some common hashrate amounts for both BTC and LTC and see what you can currently mine with them in the form of USD at the current level of difficulty and at the current exchange rates. Do note that the below numbers represent the estimated daily coins that you might be able to mine and there are no expenses calculated for electricity.
Bitcoin:
10 GHS – 0.04339 USD/day
100 GHS – 0.4339 USD/day
1 THS – 4.339 USD/day
10 THS – 43.4 USD/day
100 THS – 433.9 USD/day
1 PHS – 4339 USD/day
Litecoin:
1 MHS – 0.0676 USD/day
10 MHS – 0.676 USD/day
100 MHS – 6.76 USD/day
1 GHS – 67.6 USD/day
10 GHS – 676 USD/day
100 GHS – 6760 USD/day
Here is how things look in terms of an average cost for electricity that you would have to pay for a certain hashrate for both BTC and LTC to get an idea about the costs associated with running an ASIC miner for mining Bitcoin or Litecoin. You would need to deduct these costs from the numbers above as they represent only what you will be mining if converted with the current exchange rate. Do note that the average price per KHW of power can greatly vary based on your location, so the costs can vary quite a bit, so the numbers below are just a rough estimate. We base the power usage estimate for BTC using 1000 GHS at 800W as per Bitmain AntMiner C1 specifications (0.8 Watt/GHS) and for LTC using the 100 MHS at 1100W as per Innosilicon A2 MEGA Terminator specifications (11 Watt/MHS). As an average price in USD of the energy used for the estimated numbers below we are using 13 Cents per Kilowatthour.
Electricity costs for hashrate:
1 THS Bitcoin – 2.496 USD/day
100 MHS Litecoin – 3.432 USD/day
So the actual daily profit after paying for the electricity with a 1 THS Bitcoin ASIC miner at the moment will get you just about $1.843 USD per day, $55.29 USD per month if the difficulty level remains the same with a miner that can cost you something like 10 times what you can earn in a month. The actual daily profit after paying for electricity with a 100 MHS Litecoin ASIC miner at the moment will get you about $3.328 per day, $99.84 USD per month with the current conditions with a miner that can cot you about 15 times what you will earn in a month.
This makes the mining model of mine now and sell the coins immediately to cover the costs not so attractive at the current exchange rates and if you don’t have more up to date hardware or free electricity there is not much point to continue mining with old hardware. At least in the winter you could take advantage of the heat generated by the miners to save on heating at home for example, or use the cold temperatures outside for better cooling and save on extra electricity costs for properly cooling miners. The idea to mine now and save the coins to sell them later when the exchange rates are more favorable seems more attractive, but it is also riskier, especially for big mining operations that do have significant operational costs. With cloud mining operations the maintenance fees that you would have to pay are even higher than what you need to pay for electricity at home and you still need to purchase the hashrate itself. So the levels of daily profit can easily get even two times lower than the ones we calculated above if you mine at home and pay for electricity that is not too expensive in your region.