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What is the Goldshell LT6 profitability

What is the Goldshell LT6 profitability?

  • 31 January 2022
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Goldshell LT6 3.35 Gh/s is among the first 20 best ASIC miners in the world in 2022. It is utilized for the Scrypt algorithm with a 15 USD profit per day. Released in Jan 2022 with the power consumption of 3200 W seems to deliver a long return on the investment index. The price of this device is still unknown and the ROI cannot be calculated. So, we are waiting for its price to see whether it is worth it to invest in this or not?

About the Goldshell organization and its products

The Goldshell company is founded in 2017 by focusing on high-performance mining machines. During the introduction of Goldshell miners for cryptocurrencies like LTC, Sia, CKB, and HNS, significant growth has happened in the market. Based in Shanghai, they have expanded their offices in Hangzhou, Hong Kong, and Singapore.

As the team focuses on designing integrated circuits, the R&D team has got more than 70 percent of the company’s processes with 10 years of specialized experience. They have also designed a precisely effective supply chain from research to production to delivery internationally. Goldshell has been improving its product quality to compete with main rivals such as Bitmain, jasmine, and Innosilicon, and they have been successfully adapted.

One of the niche markets they have entered is solo miners who want to set up a couple of miners inside their living room. So, they have introduced household miner-BOX series which were small, well-priced, and less noisy which were perfectly designed for novices who want to start mining at home.

Goldshell miners’ categories include BOX, LBRY Miner (LBC), Nervos Miner (CKB), Kadena Miner, Handshake & Siacoin Miner, and Litecoin Miner. The LT6 model belongs to the latter classification utilized for Litecoin and Dogecoin mining.

Scrypt algorithm is a password-based key particularly designed to prevent big attacks. The algorithm became famous with the introduction of LTC and then other coins started using it. Currently, rather than Doge and LTC, many other coins are using the algorithm such as Tradecoin (TRADE), Potcoin (POT), Dark Saga (SAGA), Sphere (SPHR), etc.

What are the Goldshell LT6 specifications?

The Goldshell LT6 specification is as below. The 13 USD to 15 USD profit of this miner is reasonable if the price of the miner does not exceed 5,470 USD. This is a 100 percent return on investment (ROI) which is common in the mining industry. LT6 smart body structure makes it an integrated save placing space. The heat extraction design is improved with the internal cooling platform that makes it more efficient and prolongs the life cycle.

Also known as Goldshell LT6 Litecoin/Dogecoin Miner, it is promised to come out in Jan 2022. The 264 x 200 x 290mm size and 12.5 Kg weight of this miner makes it a proper choice for running a mining farm. Having four fans with a special high-efficiency design is an advantage for its cooling system. On the other hand, its 80 dB noise with high electricity consumption of 3200 W adds disadvantages to the whole system. The 5 – 95 % humidity, 5 – 35 °C temperature, and the Ethernet interface of the device are standard matters in the industry.

Specifications

Manufacturer Goldshell
Model LT6
Also known as Goldshell LT6 Litecoin/Dogecoin Miner
Release January 2022
Size 264 x 200 x 290mm
Weight 12500g
Noise level 80db
Fan(s) 4
Power 3200W
Interface Ethernet
Temperature 5 – 35 °C
Humidity 5 – 95 %

Comparison of ASIC mining devices

As illustrated in the table below, the Goldshell LT6 positioned among the first 20 ASIC miners with 13 USD / day profit using the scrypt algorithm. It positioned itself above Innosilicon A10 Pro Eth (500 Mh) with a tiny amount of difference. Below them are StrongU STU-U1++ (12 USD / day), Bitmain Antminer Z15 (11 USD / day), and Goldshell CK6 (10 USD/ day).

Above LT6 is covered by Jasminer X4-C 1U (14 USD / day), Bitmain Antminer S10 XP (140 Th) (15 USD / day), Bitmain Antminer D7 (1286 Gh), Jasminer X4-1U (16 USD / day), Bitmain Antminer S19 Pro+ Hyd (198 Th), etc.

The point is that in this section of comparison the rivalry is so fierce among miners and rankings are changing quickly. So, to find the best mining device, one must choose a miner that is appropriate for its users based on various factors such as price, size, weight, electricity consumption, algorithm, noise, racking style, etc.

Which is the best scrypt miner?

Among the scrypt miners, the top one in the list is Bitmain Antminer L7 (9.16 Gh) with a 53 USD profit per day. Goldshell LT6 is second on the list with a very high difference in profit. Choosing LT6 with 13 USD profit per day with a power consumption of 3200 W over Antminer L7 with 53 USD profit per day with an almost same power consumption of 3425 W is not a logical choice; Unless, the price of LT6 is so much cheaper than Antminer L7. Then it may make sense to go for the second option in the list. The income of the rest of the scrypt miners is below 10 USD per day such as Innosilicon AT6+ LTC Master (9 USD / day), Goldshell LT5 (8 USD / day), Goldshell LT5 Pro (8 USD / day), etc.

Conclusion

The Goldshell LT6 is a very useful scrypt miner released recently in Jan 2022 and is among the top 20 best ASIC mining devices. Its price is still unknown till the time of writing this article. Depending on the price of the miner we can say whether investing in this device is profitable or not. However, if the price is around 5000 USD, it can be a 100 percent ROI in a year. Which is reasonable for investment. After Antminer L7, the LT6 is the best possible choice to use if one is interested in the scrypt algorithm. As mentioned, the competition in this area of the list is so tense and rankings are altering daily. Thereby, you need to do your research before investing in any of such mining machines.

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 them have its role in building the future of money.

The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It 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. It will happen 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.

One response to “What is the Goldshell LT6 profitability?”

  1. Yanga Jili says:

    Interesting article

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