Technology. You may have heard of the recent Bitcoin millionaires and missed out. If your joining the race now, Litecoin is the way to go!
Manchester, UK-based Alpha Technology has announced it will start developing the first purpose-built ASIC mining hardware for Litecoin, signing a partnership deal with Indian designer and manufacturer Dexcel Designs. The ‘Viper’ Miners will have 2 models, the 5Mh/s version and the 25Mh/s version.
The company announced it would begin taking pre-orders for affordable and efficient litecoin ASICs in the first week of January, for shipping in early/mid 2014. They will be taking 30% as a deposit. These miners will not only be able to mine Litecoin but all Scrypt cryptocurrencies.
Alpha Technology is providing its mining and cryptocurrency expertise while Dexcel Designs will handle hardware development, production, and quality assurance.
It would represent a significant increase in computing power backing the litecoin network. At present, most mining of the world’s second most popular cryptocurrency still takes place on regular graphics cards/GPUs (as did bitcoin previously).
Alpha Technology has been working with Bangalore-based Dexcel Designsfor about six months, beginning with a FPGA (field-programmable gate array) conceptualization of litecoin’s primary Scrypt hashing algorithm before designing dedicated ASIC hardware.
India’s Dexcel Designs
Dexcel Designs itself is a high-end embedded product engineering company with fabless OEM/ODM Box build capability.
In its 13-year history it has worked on several state of the art designs in software and systems architecture including ASICs, FPGAs , and DSPs both in India and through other partnerships internationally.
Litecoin will be limited eventually to 84 million coins (compared to bitcoin’s 21 million total). It is available as a trading option on some major exchanges such as BTC-e, but is not as widely accepted by merchants yet.
Viper Pre-orders will be limited in batch 1. So you should expect them to get out of stock pretty soon! So to get your hands on a Viper and to be one of the lucky ones in batch 1 you can pre-order your Viper Miners when they are available at http://alpha-t.net/shop/
Make some money efficiently, and be the first to profit from this revolution!