AKRON, Ohio, Jan. 17, 2023 /PRNewswire/ -- BTCmining a leading technology-driven cryptocurrency mining company, today announced the launch of their state-of-the-art Litecoin ("LTC") / Dogecoin ("DOGE")  mining machine, model LD3 ("LD3"), which was specifically designed for mining on the DOGE and LTC blockchains.

 

The power efficiency of 0.73 W/MH and 4800 MH/s delivery make the LD3 machine more profitable than its predecessors in terms of efficient energy consumption. As a result, it is one of a few cutting-edge products available that deliver a highly cost-effective performance while offering the shortest payback period for LTC/DOGE mining.

 

The machines are designed for reliability, with the LD3s leaving more than a 10% performance margin for computing power chips rather than driving the machine to work under extreme conditions. This practice not only effectively prolongs the need to service the machine but also enables LD3s to work more consistently, resulting in reduced maintenance costs.

 

Furthermore, the design of LD3 provides more security guarantees for LTC/Doge miners. LD3 machine implements software-level security mechanisms with the latest common vulnerabilities & exposure patches. In addition, hardware-level protections for security are also implemented.

 

Currently, over 5,000 of the new LD3 miners have been produced for both BTCmining's internal use and sale to the public. LD3 is the second ASIC miner developed by the Company since the completion of its acquisition of mining hardware manufacturer, Bee Computing, in 2022. The first ASIC Ethereum Classic ("ETC") mining machine was successfully released in August 2022.

 

"The unveiling of the LD3 mining equipment marks a significant advancement for BTCmining Limited as this next generation of LTC/DOGE miners will push the industry ahead with currently unmatched technical specs. The LD3's release is also well-timed with the upcoming LTC halving event in August, allowing us to make a strategic pivot to other growing blockchain technologies. This development also validates our corporate strategy to be hard core technology-driven." said Mr. Xianfeng Yang, CEO of BTCmining.

About BTCmining

 

BTCmining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value in the cryptocurrency industry. Its business covers cryptocurrency mining, mining pools, and data center operations. The company owns the blockchain browser BTC.com and the comprehensive mining pool business operated by BTC.com, providing multi-currency mining services including BTC, BCH, ETH, and LTC. The company also signed a final agreement to acquire 7-nanometer cryptocurrency mining machine manufacturer BeeComputing to complete the company's vertical integration with its supply chain, increase self-sufficiency and enhance competitive position.

 

forward-looking statements

 

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," "target," "go forward." ”, “outlook” and similar statements. Such statements are based on management's current expectations and current market and operating conditions and involve events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company's control scope, which could cause the Company's actual results, performance or achievements to differ materially from those contained in the forward-looking statements. Important factors that could cause BTCmining's actual results to differ materially from those indicated in the forward-looking statements include: the development and operation of BTC.com, and the execution of BTCmining's growth strategy and anticipated benefits. Additional information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.