The reporter C. Wu, that provides unique details on cryptocurrencies and blockchain from China, tweeted regarding preparations for the release of a new ASIC from the local tech titan Bitmain.

Antminer L7 specifications

The new device will certainly be called L7 and is planned largely for the mining of Litecoin (LTC) and also Dogecoin (DOGE). It additionally means that the ASIC will sustain all cryptocurrencies based upon the Scrypt formula.

Thus, you can include Verge (XVG), DigiByte (DGB), Netcoin (NET), Novacoin (NVC), BitConnect (BCC), as well as loads of other projects.

What can the new tool brag about?

Hashrate - 9 500 Mh/s

Power consumption - 3 425 W

Power effectiveness - 0.36 J/megahash

Equal to 19 makers of the Antminer L3+ kind

Dimensions - 195x290x370 mm

Weight - 7.5 kg

Cost - 15,000 USD.

For foreign buyers, a 13% price cut is offered, so the cost of the ASIC will certainly be 13,050 USD excluding delivery.

Shipment time - November 2021.

The repayment duration of Antminer L7

Allow's use the BiXBiT calculator to calculate the payback period. So, with the offered attributes and also the price of 0.05 USD per 1 kW/h we see the complying with numbers:

For DOGE with the price of 0.25 USD - 110 USD per day, 3,300 USD monthly. Thus, for Western customers, the payback is 3.9 months.

For LTC with the rate of 150 USD - 26 USD daily, 780 USD monthly. Thus, for Western buyers, the payback is 16.7 months.

You can also examine the repayment duration for various other cryptocurrencies in our calculator. The most rewarding for mining is DOGE, but this is relevant while its market price goes to a high level.

The profitability of various other assets does not exceed 30 USD per day, which dramatically increases the payback duration of the device.