NYSE:BTCM has launched a new machine

BIT Mining company under ticker BTCM in the New York Stock Exchange has launched a new machine called the LD4. The new mining machine is designed to mine the widely known Dogecoin (DOGE) and LITECOIN (LTC).

The company mainly used LD3 which was less efficient and had less computing power. The LD4 predecessor was previously successful with mining of Bitcoin and in part Litecoin.

Benefits of The New LD4 Machine

With a consumption rate of 0.71 watts per megahash (W/MH), the LD4 surpasses the LD3’s 0.73 W/MH, while its peak output of five gigahashes per second (GH/s) far exceeds the LD3’s 4,800 megahashes per second (MH/s).

The LD4 mining machine offers not only better performance but also a more dependable design that effectively dissipates heat to ensure that the device remains at an optimal temperature, even during extended periods of use.

This feature helps to increase the lifespan of the mining machine. In addition, the LD4 is equipped with advanced security measures, such as hardware-level protection and sophisticated security software, to safeguard against known vulnerabilities. The introduction of the LD4 by the data mining and manufacturer, aims to enhance the efficiency and accessibility of cryptocurrency mining for Dogecoin and Litecoin miners.

Miners are incentivized with newly generated coins upon successfully adding a block. Bit Mining’s LD4 provides a superior alternative to its predecessor, LD3, offering greater energy efficiency and computing power.

Conclusion

The security and integrity of the Dogecoin and Litecoin blockchain networks depend heavily on the miners who utilize the Scrypt proof-of-work consensus algorithm to validate transactions and add new blocks to the chain.

The advancements introduced by the LD4 make it a highly competitive option for mining both Dogecoin and Litecoin.