FoundationLogic Reveals Quiet Home Miner at Mining Disrupt 2024
Singapore, Singapore, July 4th, 2024, Chainwire
Leading the industry in DOGE and Litecoin mining technology, FoundationLogic, the renowned semiconductor design firm, unveiled its latest product line at the Mining Disrupt 2024 conference.
FoundationLogic, recognized for its high-performance ElphaPex miners for Dogecoin (DOGE) and Litecoin (LTC), took center stage at Mining Disrupt 2024 in Miami, Florida, held from June 24-26. At this premier event, FoundationLogic introduced its innovative line of silent home mining solutions.
Similar to the advanced ElphaPex DG 1/DG 1+ models, the new offering, named ElphaPex DG Home 1, operates on the Proof-of-Work (PoW) Scrypt algorithm, enabling simultaneous mining of DOGE and LTC.
Designed for the modern era of home mining, the ElphaPex DG Home 1 guarantees silent operation, low maintenance, and high efficiency through its innovative water-cooling technology. Set to launch in Q4 2024, the model boasts a hashrate of 2000M, power consumption of 620W, and an energy efficiency rating of 0.31JM. Upon release, the ElphaPex DG Home 1 will be available for immediate purchase through the official ElphaPex website.
The announcement of ElphaPex DG Home 1 elicited immediate excitement among crypto mining insiders, with industry influencers quickly sharing images on social media upon its unveiling. The water-cooled miner was specifically praised for being “silent, powerful, and efficient.”
Ben Weng, VP of Product at FoundationLogic, expressed enthusiasm about the reception, stating, “This new silent home miner epitomizes ElphaPex’s commitment to being the preferred mining partner for users of all scales. We were thrilled by the enthusiastic response at the conference, where many attendees expressed interest in acquiring one on the spot. Fortunately, the wait to start dual mining DOGE and Litecoin from home won’t be long.”
Charles Song, Executive VP at Samsung Foundry, commented on the milestone, saying, “ElphaPex products have made significant strides in the DOGE & Litecoin mining chip industry, and we’re excited to see this new product enter mass production. I believe this marks just the beginning of a promising future for ElphaPex.”
In addition to launching its latest product, FoundationLogic made a significant impact at the event as the main sponsor of Mining Disrupt 2024. The company hosted the official opening party and operated one of the most vibrant booths at the event, featuring interactive activities and giveaways.
Another standout moment was FoundationLogic’s keynote presentation, where company representatives underscored their dedication to advancing Scrypt mining. They highlighted its increasing potential for miners, particularly in light of recent challenges posed by Bitcoin’s halving, which reduced mining rewards. The presentation emphasized several advantages of Scrypt hardware over SHA-256, including improved cash flow, ROI, and equipment longevity.
The success of the ElphaPex DG 1+, an ASIC miner unveiled earlier this year at Blockchain Life 2024 in Dubai, was also highlighted during the presentation. As FoundationLogic’s flagship model, it has set a new benchmark in the market with a hashrate of 14000M, power consumption of 3920W, and efficiency of 0.28JM.
Given current market trends and the growing availability of reliable Scrypt mining hardware from FoundationLogic, leveraging DOGE’s cultural appeal alongside LTC’s established reliability may prove strategic for mining operations this year.
About FoundationLogic
FoundationLogic is a Singapore-based semiconductor design firm committed to revolutionizing the cryptocurrency mining industry. Focused on innovation and reliability, FoundationLogic develops cutting-edge ASIC chips in-house and rigorously tests its products in the field. Through its flagship ElphaPex series, FoundationLogic empowers mining enthusiasts and professionals alike, setting new standards for efficiency and performance in the field. For more information, please visit elphapex.com.
X: https://x.com/ElphaPex
LinkedIn: https://www.linkedin.com/company/100958166
Contact
Ben Weng
VP of Product
[email protected]
