FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024
Singapore,
Singapore,
July
4th,
2024,
Chainwire
The
industry-leading
brand
of
DOGE
and
Litecoin
mining
machines
announced
a
new
product
line
at
the
recent
Mining
Disrupt
2024
conference.
FoundationLogic,
the
fabless
semiconductor
design
company
behind
high-performance
ElphaPex
Dogecoin
(DOGE)
+
Litecoin
(LTC)
miners,
took
center
stage
at
Mining
Disrupt
2024
in
Miami,
Florida,
held
from
24-26
June.
At
the
event,
FoundationLogic
unveiled
its
new
product
line
for
silent
home
miners.
Like
the
pro
ElphaPex
DG
1/DG
1+
models,
the
new
device,
dubbed
ElphaPex
DG
Home
1,
is
powered
by
the
Proof-of-Work
(PoW)
Scrypt
algorithm,
offering
dual
DOGE
and
LTC
rewards.
Designed
for
a
new
era
of
home
mining,
ElphaPex
DG
Home
1
promises
silent,
low-maintenance,
yet
performant
DOGE
+
LTC
mining
ensured
by
water-cooling
technology.
Set
to
be
released
in
Q4,
2024,
the
new
model
boasts
a
hashrate
of
2000M,
power
of
620W
and
power
efficiency
of
0.31JM.
Upon
launch,
ElphaPex
DG
Home
1
will
be
available
for
immediate
purchase
through
the
ElphaPex
official
website.
ElphaPex
DG
Home
1
drew
an
immediate
reaction
from
crypto
mining
insiders,
with
some
of
the
industry’s
major
influencers
sharing
photos
on
social
media
as
soon
as
the
model
was
showcased.
Specifically,
they
described
the
new
water-cooled
miner
as
“silent,
powerful,
and
efficient”.
“This
new
silent
home
miner
embodies
our
commitment
at
ElphaPex
to
be
everyone’s
miner
partner,
regardless
of
the
scale
of
operations”
said
Ben
Weng,
VP
of
Product
at
FoundationLogic.
“We
were
pleased
by
the
enthusiastic
response
we
saw
at
the
conference,
as
many
visitors
wanted
to
get
one
on
the
spot.
Luckily,
it
won’t
be
long
before
everyone
can
start
dual
mining
DOGE
and
Litecoin
from
the
comfort
of
their
homes”.
“ElphaPex
products
have
achieved
a
remarkable
milestone
in
the
DOGE
&
Litecoin
mining
chip
industry
and
we’re
excited
to
launch
this
new
product
into
mass
production”
said
Charles
Song,
Executive
VP
at
Samsung
Foundry.
“I
believe
this
is
just
the
beginning
of
a
very
bright
future
for
ElphaPex”.
In
addition
to
launching
its
newest
product,
FoundationLogic
made
a
strong
impression
at
the
event,
drawing
attention
from
industry
insiders
and
influential
figures.
As
the
main
sponsor
of
Mining
Disrupt
2024,
the
Scrypt
mining
hardware
company
hosted
the
official
opening
party
and
operated
one
of
the
event’s
busiest
booths,
featuring
engaging
activities
and
giveaways.
Another
standout
at
the
conference
was
FoundationLogic’s
keynote
presentation.
During
the
keynote,
the
company’s
representatives
emphasized
their
commitment
to
advancing
Scrypt
mining,
highlighting
its
growing
potential
for
miners.
This
is
particularly
significant
in
light
of
bitcoin’s
recent
halving,
which
has
posed
challenges
across
the
industry
due
to
reduced
rewards.
They
also
pointed
out
several
key
advantages
of
Scrypt
hardware
over
SHA-256
hardware,
including
better
cash
flow,
ROI,
and
equipment
lifecycle.
Another
highlight
of
the
presentation
was
the
success
of
the
ElphaPex
DG
1+,
an
ASIC
miner
launched
earlier
this
year
at
Blockchain
Life
2024
in
Dubai.
As
FoundationLogic’s
flagship
model,
it
has
set
a
new
standard
in
the
market
and
continues
to
dominate
the
Scrypt
mining
sector
with
a
hashrate
of
14000M,
power
of
3920W
and
efficiency
of
0.28JM.
Considering
recent
price
trends
and
the
increasing
availability
of
reliable
Scrypt
mining
hardware
provided
by
FoundationLogic,
leveraging
DOGE’s
meme
advantage
alongside
LTC’s
solid
track
record
may
offer
a
strategy
for
mining
operations
this
year.
About
FoundationLogic
FoundationLogic
is
a
Singapore-based
fabless
semiconductor
design
company
dedicated
to
revolutionizing
the
cryptocurrency
mining
industry.
With
a
focus
on
innovation
and
reliability,
FoundationLogic
utilizes
state-of-the-art
ASIC
chips
designed
in-house
and
subjects
its
products
to
rigorous
field
testing.
Through
its
flagship
ElphaPex
series,
FoundationLogic
empowers
mining
enthusiasts
and
professionals
with
cutting-edge,
accessible
machines,
setting
new
standards
for
efficiency
and
performance
in
the
field.
For
more
information,
users
can
visit
elphapex.com
LinkedIn:
https://www.linkedin.com/company/100958166
Contact
VP
of
Product
Ben
Weng
[email protected]
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