At present there are seven companies that are promising delivery of litecoin scrypt ASIC miners in mid 2014: Fibonacci, Alpha Technology, Flower Technology, Mining ASICs Technologies B.V., Zeusminer, KnCMiner and Bliss Devices. Gridseed
is shipping now but their products cost more per kH/sec than the competiton. ASIC miners for litecoin promise significant advantages in power consumption and hashing power compared to GPU miners.
Do not discount the significant advantage in lower electricity costs promised by litecoin ASIC miners: for many the lower power costs add greatly to the bottom line, and make a miner much easier to live with.
Other than Gridseed, Fibonacci is generally regarded as most likely to ship first judging from posts and history on the Litecoin and Bitcoin forums. The developer has stated Fibonacci expects to be able to sell hosted miners in July 2014 for immediate mining. Any of the miners can be used for all scrypt based coins. This is a significant advantage over bitcoin mining, as your miner can be easily switched to other scrypt coins if they happen to be more profitable than litecoin based on current % profitability shown at CoinChoose
The least expensive scrypt ASIC miner will be the Fibonacci 8650 kH/sec Recursion miner that will cost $400 paid with bitcoin or $346 paid with litecoin. The miner with the most hashing power will be the Fibonacci Epsilon hashing at 315 mH/sec for $12600. The second most powerful miner is the KnCMiner 250 mH/sec Titan at $9995. Both the Fibonacci and KnCMiner models offer $0.04 per kH/sec hashing power.
Fibonacci has announced that CACHeCoin
will also be accepted as payment for their scrypt ASIC miners. We expect CACHeCoin prices to soar once Fibonacci is selling miners, so smart investors will buy CACHeCoin now, then use to buy Fibonacci miners at a discount as CACHeCoin prices rise. At present CACHeCoin can only be bought at the Poloniex
exchange (symbol: CACH) by exchanging bitcoin for CACHeCoin.
For perspective, if you built your own 3 video card 2000 kH/sec GPU mining rig you could reasonable expect to pay $1500 for the video cards, power supply, motherboard, and other parts. Two Fibonacci Recursion miners would mine at 17300 kH/sec and cost $700 - $800, half the cost of building your own GPU mining rig while providing 8 times the hashing power. Don't forget power consumption of the Fibonacci miner would only be 10 watts versus 900 watts for the three card GPU rig.
Preorders for the Fibonacci Scrypt ASIC Miners
began Monday March 17. There will be a limit of 128 chips per buyer. There is still time to buy CACHeCoin if you want to get the best price, litecoin and bitcoin will also be accepted for payment. Act fast, the preorder should sell out quickly. KnCMiner
has announced their own Titan litecoin miner
hashing at 250 mH/sec and costing $9995. KnCMiner promises to ship the Titan Q2/Q3 of 2014. Another brand new company Bliss Devices
just announced by website they will be shipping scrypt-N ASIC miners Q4 this year.
Bliss Devices is claiming "Neon is the only hardware miner in the industry able to mine any Scrypt-based currencies. Our machines use configurable parameters, which among other benefits means that you can also use our machines to mine Scrypt-N coins such as Vertcoin, Emucoin, Execoin, and Pandacoin."
Here is a breakdown of cost per kH/sec for the six miners from published specs:
KnCMiner - $0.04 per kH/sec - available Q2/Q3 2014 per website
Fibonacci - $0.04 per kH/sec - available July 2014 per developer
Alpha Technology - $0.10 per kH/sec - available Q2/Q3 2014 per website
Mining ASICs Technologies B.V. - $0.137 per kH/sec - available Q3/Q4 2014 per website
Bliss Devices - $0.18 per kH/sec - available Q4 per website
Flower Technology - $0.19 per kH/sec - available August 2014 per developer
Zeusminer S-Flex 8mH/s - $0.28 per kH/sec - available Q2/Q3 per website
Gridseed - $0.49 per kH/sec - shipping now
If you missed getting in on the ground floor of ASIC mining for bitcoin you may want to buy ASIC miners for litecoin as soon as they are ready to ship. For more information you can visit the Fibonacci SCRYPT ASIC miner
or Alpha Technology Litecoin ASIC miner
and Flower Technology
threads at the Litecoin Forum.
You can also visit the Mining ASICs Technologies B.V. website
for more information on this new company and read comments at this thread
at the Litecoin Forum. Group Buys
Another option to consider is to buy a share of a hosted litecoin miner. The most powerful announced litecoin miner is the new KnCMiner Titan 250 mH/sec scrypt ASIC miner for $9995. A trusted member of the Bitcoin Forum, waldohoover, has already setup a group buy for KnCMiner Titans. The group buy will entitle you to 1/20 of mining proceeds from one Titan litecoin miner for only 1.0 bitcoin, see CoiningSolutions.com KnCMiner Titan Shares
for details. Shares will sell out quickly so don't delay if interested. Titan #1 and Titan #2 are already sold out but Titan #3
group buy is still open.
The administrator of the Litecoin Forum has just opened a similar group buy for the Titan also with 20 shares available, see Carnth's KNC Titan group buy
for details[/url]. If you would like to get in on the group buy just join the Litecoin Forum and send a PM to Carnth. Fibonacci website
- https://fibonacci.io Alpha Technology website
- https://alpha-t.net Flower Technology website
- http://flowertechnology.com Mining ASICs Technologies B.V. website
- http://www.mining-asics-technologies.com Zeusminer website
- http://zeusminer.com KnCMiner website
- https://www.kncminer.com/products/titan Bliss Devices website
- http://blissdevices.com/ Gridseed website
or see the Gridseed thread
at the Bitcoin Forum.
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