May 1, 2023 12:36 PM | 2 min read
Cryptocurrency mining company BIT Mining (NYSE:BTCM) has announced the launch of an advanced more recent version of its Dogecoin (CRYPTO: DOGE) and Litecoin (CRYPTO: LTC) mining machine dubbed LD4. BIT Mining already operates some LD series of ASIC mining machines that were designed by the company and work specifically on the DOGE and LTC blockchain. They offer high hash rates and energy efficiency.
This latest model has undergone extensive testing periods to prove its superiority over previous versions, hence the launch of the hardware. Altogether, BIT Mining has rolled out three models of LD-specific ASIC mining machines since last year when it acquired Bee Computing, a mining hardware producer. With each model, there is a significant advancement that is introduced.
Xianfeng Yang, the Chief Executive Officer (CEO) of the mining company explained that “With each new model of mining machine that BTCM develops, we further calibrate our expertise, gaining additional experience with manufacturing products that help contribute to essential blockchain networks. The sophistication of our new model LD4 mining machine is currently unmatched in our industry.”
“As one of the world’s top cryptocurrency mining machine brands, we remain committed to continuing to develop new mining machines with the latest technology and promoting improved efficiency across the industry,” he added.
Bit Mining LD4 Comes With Upgraded Features
Unlike the LD3 model which has a power efficiency of 0.73 W/MH, the LD4 model has blazed a new trail with an efficiency of 0.71 W/MH. Also, LD4 has the capacity of reaching a maximum output of 5GH/s while LD3 can only stretch to about 4800 MH/s. The benefits of this latest model include even its design features which promote better heat dissipation, allowing the computing chip to run at relatively lower temperatures for long hours.
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In turn, this promotes a longer lifecycle for the LD4 model machines. On the side of security, each unit of LD4 has an in-built hardware-level security protection system and high-level security software incorporating. These special security features will leverage the latest Common Vulnerabilities & Exposures (CVE) vulnerability patches to reduce the machines’ exposure to weaknesses.
Meanwhile, Bitcoin (BTC) hash rate has grown to an All-Time High (ATH) of 209 zettahashes (10^21). This has translated into a healthy situation for the leading cryptocurrency and it also signifies that more miners are returning to their craft after the unfortunate plunge that sent many of them packing last year.
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With more efficient machines for DOGE and LTC, related growths may also be experienced.
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