HelloPal has started mining Litecoin and Dogecoin with 100 of the new released Bitmain Antminer L7 Mining Rigs in Victoria, Australia in the announcement.
The new mining units are fully operational and have commenced mining Litecoin and Dogecoin (LTC, DOGE). Litecoin and Dogecoin are the two dominant scrypt hash algorithm networks, similar to Bitcoin as the SHA-256 dominant algorithm. The L7's are the latest upgrade to be released since the L3's in 2017 and slight improvements of the L3+'s in subsequent years later.
The major breakthrough is the L7 model has a hashrate of 9500 MH/s, which is
19 times more powerful than that of the previous L3+ model.
They consume substantially less power and have a stability rate of 98 percent in comparison to the previous stability rate of 70% improving overall profit margins considerably.
The data center in Australia is capable of housing up to 20,000 Mining Rigs providing sufficient room for Hello Pal to expand its cryptocurrency mining capabilities onsite down the track.
The L7s were previously sold out but look to be back in stock.
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