Foundation Logic unveils Quiet Home Mining in Mining Disruption 2024
Singapore, Singapore, July 4, 2024, Chainwire
Industry leading brand DOGE and Litecoin announced a new product line of mining machines at the recent Mining Disruption 2024 conference.
FoundationLogic, the legendary semiconductor design company behind the high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took center stage at Mining Disruption 2024, held June 24-26 in Miami, Florida.
At the event, FoundationLogic showcased its new product line for quiet indoor miners.
Like the Pro ElphaPex DG 1/DG 1+ models, the new device named ElphaPex DG Home 1 is powered by Proof-of-Work (PoW) Scrypt algorithm and offers dual DOGE and LTC rewards.
Designed for a new era of home mining, the ElphaPex DG Home 1 promises a quiet, low-maintenance, yet high-performance DOGE + LTC miner with proven water-cooling technology.
The new model Hashrate 2000M, which is set to be released in Q4, 2024, has a power of 620W and an energy efficiency of 0.31JM. At launch, the ElphaPex DG Home 1 will be available for immediate purchase via the ElphaPex official website.
The Elfapex Digi Home 1 drew an immediate reaction from crypto mining insiders, with some of the industry's top influencers sharing photos on social media of the model being unveiled. In particular, they described the new water-cooled mine as “quiet, powerful and efficient.”
Ben Weng, VP of Product at FoundationLogic, said: “This new silent indoor miner demonstrates our commitment to being everyone's mining partner at Elfapex. We were delighted with the enthusiastic response we saw at the conference as many visitors wanted to be there. Fortunately, it won't be long until everyone can start mining DOGE and Litecoin combinations from the comfort of their homes.
“Elfapex products mark an impressive milestone in the DOGE and Litecoin mining chip industry and we are excited to launch this new product into mass production,” said Charles Song, CEO of Samsung Foundry. “I believe this is the beginning of a very bright future for Elfapex.”
In addition to introducing its new product, FoundationLogic made a strong impression at the event, attracting attention from industry insiders and influencers.
As the title sponsor of Mining Disruption 2024, mining hardware company Scrypt hosted the official opening party and operated one of the event's busiest booths, featuring engaging activities and giveaways.
Another highlight of the conference was the Foundation Logic keynote.
During keynote speeches, the company's representatives emphasized their commitment to promote cryptocurrency mining and highlighted the potential of mining. This is especially important in light of the recent bitcoin halving, which has reduced rewards and created challenges in the industry. They also pointed out several key advantages of Scrypt hardware over SHA-256 hardware, including better cash flow, ROI and device lifecycle.
Another success of the presentation was the success of the Elfapex Digi 1+ mining ASIC launched earlier this year at Blockchain Life 2024 in Dubai. As the flagship model of Foundation Logic, it has set a new standard on the market and continues to dominate the Scrypt mining sector with 14000M hashrate, 3920W power and 0.28JM.
Given recent price trends and the reliable supply of Scrypt mining hardware provided by Foundation Logic, leveraging DOGE's meme advantage along with LTC's strong track record could provide a strategy for mining operations this year.
About FoundationLogic
FoundationLogic is a Singapore-based fabless semiconductor design company dedicated to advancing the cryptocurrency mining industry. With a focus on innovation and reliability, Foundation Logic uses state-of-the-art ASIC chips designed in-house and prepares its products for rigorous field testing. With the flagship ElphaPex series, Foundation Logic inspires mining enthusiasts and professionals alike by setting new standards for precision, accessible machines, field efficiency and performance. For more information, users can visit elphapex.com.
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VP of ProductBen Weng[email protected]
