Most of us have given up on mining Litecoin since its price wasn’t enough to justify the electricity costs. Whoever kept mining LTC did that in the hope for the coin price to surge once again someday and they were not disappointed. While in January, the coin was valued at only $4 USD, its price surged 20 times in the past 9 months and it is priced $74 today, September 1.
Today we are witnessing Litecoin price peak and experts believe that it is very possible for Litecoin price to rise further and hit the $100 USD mark somewhere in the near future. While no one knows when exactly Litecoin will do that, it is obvious that now is the right time to mine LTC.
BW-L21 Litecoin ASIC
Some weeks ago BW.com announced their new Litecoin (Scrypt) ASIC miner – the BW-L21. This new miner is already available for order and it has some rather interesting specs.
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Cooling: 2x 120mm x 38mm fan, 3000rpm (front and back, in a push-pull configuration).
Weight: 4.8 kg
Dimensions: 329mm (L) x 127mm (W) x 159mm (H)
According to this review, the miner was easy to set up; it is also quite silent if we take into consideration its power consumption. The miner does require a PC for the initial setup, after which it works autonomously.
The BW-L21 ASIC Miner is priced at $2.500 USD per unit. As Litecoin is valued today, the ASIC got a great ROI of only 3 months. The required 1.250 W power supply is included in the box.
Now, the bad news is that the minimum order amount is 100 units. This translates into a $250.000 USD investment.
Those who would like to invest 250 grands in Litecoin mining can preorder the miners today. BW.com requires a 50% upfront payment. Once the payment is received, the company promises to start manufacturing the miners for that order. The order is expected to be complete in 3 months, after which the customer will be required to pay the other 50%. Upon receiving the other half of the payment, BW.com will ship the units to the customer.
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Most of you probably know what Litecoin is and why it exists. However, here is some interesting data for those of you who would like to know a bit more about the coin before getting involved into mining it:
In some aspects, Litecoin is technologically one step ahead of Bitcoin:
Litecoin adopted SegWit way earlier than Bitcoin did, as well as
It is needless to say that if small miners like you and me would like to enjoy mining with a BW-L21 Litecoin Miner, we would have to do a group purchase. Talking about which, community members are eventually gathering for one in this thread.
The miner hashrate looks really good, especially considering that Litecoin price might remain above the $70 USD mark for a while. Even if it dips once again, Litecoin is a valuable cryptocurrency and it is not going anywhere, at least while it keeps staying one step ahead of Bitcoin technology-wise.
That being said, some people do not like the way Litecoin is the “testbed for Bitcoin development”. At the end of the day, it all comes to personal preferences and trust.
Thank you for reading. As always, your comments, suggestions and questions are welcome.