FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024

Singapore, Singapore, July 4th, 2024

At the recent Mining Disrupt 2024 conference, a leading brand in DOGE and Litecoin mining machinery revealed an exciting new product line.

FoundationLogic, a fabless semiconductor design company recognized for its high-performance mining machines, made a notable impression at Mining Disrupt 2024, which took place in Miami, Florida, from June 24-26.

During the event, FoundationLogic launched its latest offering: the ElphaPex DG Home 1, designed specifically for silent home mining. Similar to the professional ElphaPex DG 1/DG 1+ models, the new device operates on the Proof-of-Work (PoW) Scrypt algorithm and allows users to earn dual rewards in DOGE and Litecoin.

The ElphaPex DG Home 1 aims to usher in a new era of home mining. It features low maintenance requirements, operates quietly, and utilizes advanced water-cooling technology to ensure optimal performance. Scheduled for release in Q4 2024, it boasts an impressive hashrate of 2000M, a power consumption of 620W, and a power efficiency of 0.31JM. Upon its launch, the DG Home 1 will be available for immediate purchase.

The introduction of the ElphaPex DG Home 1 generated significant excitement among crypto mining professionals, with industry influencers promptly sharing photos and showcasing the device on social media. Many praised the new model as "silent, powerful, and efficient."

Ben Weng, Vice President of Product at FoundationLogic, expressed enthusiasm about the response to the new miner. “This silent home miner reflects our commitment to being the go-to partner for miners of any scale,” he stated. “The enthusiastic feedback we received at the conference reassures us that it won’t be long before everyone can enjoy dual mining DOGE and Litecoin comfortably at home.”

Charles Song, Executive Vice President at Samsung Foundry, commented on the advancement of ElphaPex products in the DOGE and Litecoin mining sector, stating, “We are thrilled to introduce this new product to the market, marking what I believe is the beginning of a promising journey for ElphaPex.”

In addition to showcasing its latest innovation, FoundationLogic significantly impacted the event as the main sponsor, hosting the official opening party and maintaining one of the conference’s most popular booths featuring interactive activities and giveaways.

The conference also featured a keynote presentation from FoundationLogic, where company representatives reaffirmed their dedication to advancing Scrypt mining technology. They underscored the considerable potential for miners, especially in the context of the recent Bitcoin halving, which has introduced challenges related to reward reduction. Key advantages of Scrypt hardware over SHA-256 hardware were highlighted, including greater cash flow, return on investment, and longer equipment lifecycles.

A key point of the presentation was the success of the ElphaPex DG 1+, an ASIC miner that debuted earlier this year at Blockchain Life 2024. As the flagship model of FoundationLogic, it has set a new industry benchmark with a hashrate of 14000M, power of 3920W, and efficiency of 0.28JM.

With recent market trends and the increased availability of reliable Scrypt mining hardware, mining operations may find strategic value in leveraging DOGE’s popularity alongside Litecoin’s established reputation this year.

About FoundationLogic

FoundationLogic is a Singapore-based fabless semiconductor design company dedicated to transforming the cryptocurrency mining landscape. With a strong focus on innovation and reliability, the company develops state-of-the-art ASIC chips in-house and rigorously tests its products in the field. The ElphaPex series empowers both enthusiasts and professionals with advanced, accessible machines, setting new benchmarks for efficiency and performance in the industry.

For inquiries, please contact Ben Weng, Vice President of Product.