Bitmain Developed New Dogecoin and Litecoin Mining Device

It has been stated that Bitmain, the world's largest manufacturer of cryptocurrency mining devices, has developed a mining device for DOGE and LTC.

Bitmain has developed a new Dogecoin and Litecoin mining device. According to the news compiled by Cryptocurrency journalist Colin Wu, the new device was announced at the press conference of Bitmain. The product named L7 is mining both Dogecoin and Litecoin. The electricity consumption of the L7 with a power of 9500 MH/s is 3425 watts. The price of the device was determined as 15 thousand dollars. It is said that the overseas sales price will be 13 percent off. The L7s will begin to be delivered in November. On the other hand, Bitmain reported that it has developed a 5-nanometer chip-based water-cooled Bitcoin mining device and produced a new device called D7 for Dash. Bitmain was founded in Beijing in 2013 by Jihan Wu and Micree Zhao. The company first started production with an application-specific integrated circuit (ASIC) for Bitcoin mining. Bitmain, which later expanded its business lines and continued production, currently has a value of 15 billion dollars.