**FOR IMMEDIATE RELEASE**
Singapore, Singapore, July 4th, Chainwire
The leading brand of mining machines for DOGE and Litecoin, unveiled an innovative product range at the recent Mining Disrupt 2024 conference. FoundationLogic, the distinguished semiconductor design company responsible for the high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, captured the spotlight at Mining Disrupt 2024 in Miami, Florida, held from June 24-26.
During the event, FoundationLogic introduced its latest line of products tailored for quiet home miners. Similar to the professional ElphaPex DG 1/DG 1+ models, the new device, named ElphaPex DG Home 1, operates on the Proof-of-Work (PoW) Scrypt algorithm, providing dual rewards for DOGE and LTC. Engineered for the modern era of home mining, ElphaPex DG Home 1 assures silent, low-maintenance, yet high-performance mining of DOGE and LTC with the aid of water-cooling technology.
Scheduled for release in Q4 of 2024, the new model boasts a hash rate of 2000M, power consumption of 620W, and power efficiency of 0.31JM. Upon its launch, ElphaPex DG Home 1 will be readily available for purchase through the official ElphaPex website.
The revelation of ElphaPex DG Home 1 elicited an immediate response from crypto mining insiders, with prominent industry influencers swiftly sharing images of the water-cooled miner on social media. They praised the new device as "silent, powerful, and efficient."
Ben Weng, VP of Product at FoundationLogic, expressed, "This new silent home miner epitomizes ElphaPex's dedication to being the miner partner for everyone, regardless of their operational scale. We were thrilled by the enthusiastic reception at the conference, with many attendees eager to acquire one on the spot. Fortunately, it won't be long before individuals can commence dual mining of DOGE and Litecoin from the comfort of their residences."
Charles Song, Executive VP at Samsung Foundry, commended, "ElphaPex products have reached a significant milestone in the DOGE & Litecoin mining chip industry, and we are excited about launching this new product into mass production. I believe this marks just the beginning of a promising future for ElphaPex."
In addition to the launch of its latest product, FoundationLogic left a lasting impression at the conference, garnering attention from industry insiders and key figures. As the primary sponsor of Mining Disrupt 2024, the Scrypt mining hardware company hosted the official opening celebration and operated one of the event's most bustling booths, featuring interactive activities and giveaways.
A standout moment at the conference was FoundationLogic's keynote address. During the presentation, the company reiterated its commitment to advancing Scrypt mining, underscoring its increasing potential for miners. This holds particular significance in light of Bitcoin's recent halving, which has posed challenges across the industry due to reduced rewards. The advantages of Scrypt hardware over SHA-256 hardware, including improved cash flow, ROI, and equipment life cycle, were also highlighted.
Another highlight of the event was the success of the ElphaPex DG 1+, an ASIC miner launched earlier this year at Blockchain Life 2024 in Dubai. Serving as FoundationLogic's flagship model, it has established a new industry standard and continues to dominate the Scrypt mining sector, boasting a hash rate of 14000M, power consumption of 3920W, and efficiency of 0.28JM.
Taking into account recent price trends and the growing availability of reliable Scrypt mining hardware from FoundationLogic, harnessing DOGE's meme appeal alongside LTC's solid reputation may present a strategic advantage for mining operations this year.
**About FoundationLogic**: FoundationLogic is a Singapore-based semiconductor design company committed to revolutionizing the cryptocurrency mining industry. Prioritizing innovation and reliability, FoundationLogic utilizes cutting-edge ASIC chips developed in-house and subjects its products to rigorous field testing. Through its flagship ElphaPex series, FoundationLogic equips mining enthusiasts and professionals with cutting-edge, accessible machinery, establishing new benchmarks for efficiency and performance in the field. For further information, please visit elphapex.com
- X: [https://x.com/ElphaPex](https://x.com/ElphaPex)
- LinkedIn: [https://www.linkedin.com/company/100958166](https://www.linkedin.com/company/100958166)
**Contact**:
Ben Weng
VP of Product
[email protected]
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