Bitmain unveils new Dogecoin/Litecoin mining device

The world's largest crypto money mining equipment manufacturer for #Bitmain #dogecoin and #Litecoin learned that develop new mining equipment.

Source: Twitter/WuBlockchain

According to crypto journalist Colin Wu, the new device was announced at Bitmain's press conference today. The product, called L7, mines both Dogecoin and Litecoin. The electricity consumption of the 9500 MH/s L7 is 3425 watts.

The sale price of the L7 was determined as 15 thousand dollars. It is stated that the foreign sales price will be 13 percent discount. The devices will begin to be delivered in November.

On the other hand, Bitmain announced that it has developed a 5-nanometer chip-based water-cooled Bitcoin mining device, as well as a new device called D7 for Dash.

Bitmain was founded in Beijing in 2013 by Jihan Wu and Micree Zhao. The company started by producing an application-specific integrated circuit ( #ASIC) for Bitcoin mining. Bitmain, which later expanded by expanding its business lines, has a value of 15 billion dollars today.