Alpha Technology announces first Litecoin ASIC miner

Alpha Technology announces first Litecoin ASIC miner

Alpha-Technology-announces-first-Litecoin-ASIC-miner

Bitcoin, the digital currency that has skyrocket in value over the past year, made early adopters exceptionally rich. However, Bitcoin is not the only crypto-currency on the block. Litecoin, which is equivalent to silver to Bitcoin’s gold, is gaining momentum. It is the second largest crypto-currency with a market capitalization of $600 million. Litecoin has seen a boost in popularity along side its older brother, rising 600 percent since 2012.

 

UK-based Alpha Technology has announced that it is developing the first Application-Specific Integrated Circuit (ASIC) mining hardware for Litecoin. After signing a partnership deal with Indian designer and manufacturer Dexcel Designs, Alpha Technology has announced two models of the Viper Model, the 5Mh/s version and the 25Mh/s version.

 

The company is taking pre-orders in the first week of January 2014 for the Litecoin ASICs with a 30 percent as deposit and will begin shipping around seond or third quarter of 2014.The Viper Miners will not only be able to mine Litecoin, but all crypto-currencies that uses the Scrypt hashing algorithm.

 

Dexcel Designs will handle hardware development and quality assurance while Alpha Technology is providing its expertise on crypto-currency and mining.

 

This would be a revolutionary breakthrough for Litecoin mining with the significant increase in computing power. At present, most Litecoin mining is still taking place on graphics cards or GPUs, similar to Bitcoin previously.


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