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Is it worth it to invest in the Bitmain Antminer L7 (9.5Gh)

Is it worth it to invest in the Bitmain Antminer L7 (9.5Gh)?

  • 17 January 2022
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The Bitmain Antminer L7 (9.5G) is one of the latest Antminer models that could grasp top position in the mining devices’ competition. The device uses the popular scrypt algorithm which is appropriate for Dege coin and Litecoin mining. The power consumption of this model is 3,425 W which is higher than the newest models such as Bitmain Antminer E9 (3Gh), Goldshell KD6 and KD5, etc.

History of Bitmain Antminer L7 (9.5 G)

Bitmain is the most famous crypto-miner producer in the world. Based in Beijing, China under a private holding company called BitMain Technologies Holding, started with Jihan Wu and Micree Zhan in 2013. They are the masters in manufacturing ASIC (Application Specific Integrated Circuit) chips for crypto mining devices.

The Antminer L7 ( 9.5 G ) parent is the Antminer L3+ introduced in Jun 2017 with 504 Mh power which has been so powerful and profitable at the time. Later in Oct 2017, Bitmain produced more efficient devices of this series, Antminer L3+ with 600 Mh power, and in May 2018 introduced Antminer L3++ with 580 Mh and 600 Mh power. The electricity consumption of these models is between 800 W to 1000 W which is far behind the current Antminer L7 ( 9.5 G ) model.

What is the Scrypt algorithm and what coins can be mined with it?

The scrypt algorithm is so famous among the mining community as they can mine various coins with it. The scrypt algorithm is proper for mining Dogecoin, Litecoin, Tradecoin, Einsteinium, Gulden, and many more coins.

Generally, the scrypt algorithm is a password-based key derivation function proficiency developed to prevent large hardware invasions using a huge memory scale that turns it into a perfect ASCI-resistant hashing protocol. Litecoin was the one that expanded and popularized the scrypt algorithm.

The specifications of Bitmain Antminer L7 (9.5 Gh)

The Antminer L7 (9.5 Gh) also known as Antminer L7 9500 Mh is released just before the new year in Nov 2021. Its weight is 15 Kg which is quite normal for such a hashing power and its size is among the big mining devices. This crypto-mining device has got four fans which provide it with an efficient cooling system for 3425 W of energy consumption. The 75 dB noise level, 5 – 45 °C temperature, and 5 – 95 % humidity are all in the standard range. Its interface is Ethernet which is common among crypto mining devices.

The specifications of Bitmain Antminer L7 (9.5 Gh)

Specifications
Manufacturer Bitmain
Model Antminer L7 (9.5Gh)
Also known as Antminer L7 9500Mh
Release November 2021
Size 195 x 290 x 370mm
Weight 15000g
Noise level 75db
Fan(s) 4
Power 3425W
Interface Ethernet
Temperature 5 – 45 °C
Humidity 5 – 95 %

The specifications reveal a strong healthy mining device that can mine coins at its highest capacity making it profitable for investors. The price of Antminer L7 (9.5 Gh) is about 15K USD and its income estimation is 30K USD in a year, meaning the ROI is 200 percent in a year. In other words, investors can cover their initial investment in 6 months based on the income statement estimation.

Bitmain Antminer L7 comparison to other crypto mining devices

The Bitmain Antminer L7 comes with two hashing power, 9.5 Gh and 9.16 Gh with a daily income of $ 77 and $ 80 respectively. Launched in Nov 2021 and have got the seventh position among the top world mining devices. Above them are Innosilicon A11 Pro ETH (2000 Mh) EtHash with a $95 daily profit with an unstated release date. Further iBelink BM-K1+ comes with a $105 daily profit released on Sep 2021 using for Kadena mining. Jasminer X4 even got a higher position by 124 USD released on Nov 2021, EtHash algorithm.

Then the competition goes much fiercer in the third to one ranking as the profitability estimations become closer. The Goldshell KD 5 used for Kadena mining released in Mar 2021 with 18 Th hashing power gives 127 USD daily profit. The Bitmain Antminer E9 (3 Gh) with EtHash algorithm, comes to the second rank with 146 USD daily profit. The Goldshell KD6 with 26.3 Th/s has got the first rank by 188 USD daily estimated profit. And Kadena mining algorithm, however, the mining device will be released in Apr 2022.

We can see that the Bitmain Antminer L7 (9.5 Gh) is on the top of the list of scrypt mining devices. Its profit is an 80 USD daily profit. Goldshell LT6 comes to the second rank with 22 USD daily profit which will be released in Jan 2022 with 3.35 Gh/s.

Conclusion

The Bitmain Antminer L7 (9.5 Gh) is among the best crypto mining devices with an 80 USD daily profit. Its scrypt algorithm makes it a proper choice to mine several coins such as Doge, Litecoin, Tradecoin, and so on. The device stands on the top list of scrypt miners above Goldshell LT6 and Innosillicon A6+ LTC Master with 22 USD and 14 USD daily profit.

The price of this device is around 15K USD and its income is evaluated to be 30K USD. Thus, the ROI for this device is estimated to be 200 percent which is pretty interesting for investment purposes. Therefore, The Bitmain Antminer L7 (9.5 Gh) is a profitable choice for mining businesses.

Why Bitcoin?

The Bitcoin network introduced to the world in 2009 by an unknown individual or group called Satoshi Nakamoto. In 2021, there are more than 10,000 different projects in the field of cryptocurrencies. Each of which, having its role in building the future of money.

The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021 and passed $ 2.5 trillion in less than three months later. It shows that this market is one of the growing markets in the favor of its investors.

Bitcoin Cloud Mining is the process by which you participate in a mining pool to a cloud miner website and purchase a certain amount of hash power. In this pool, the profit will distribute equally among all participants who have participated in the mining pool based on hash power. The cloud miner platform allows you to mine your Bitcoin without installing any hardware and at no extra cost.  Minerland, the best crypto cloud mining service, helps you invest in Bitcoin easily and with low risk.

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