Bitmain Antminer L7 Review - Specifications, Price, Payback

The journalist C. Wu, who provides exclusive information on cryptocurrencies and blockchain from China, tweeted about preparations for the release of a new ASIC from the local tech giant Bitmain.

Antminer L7 specifications

The new machine will be named L7 and is intended primarily for the mining of Litecoin (LTC) and Dogecoin (DOGE). It also means that the ASIC will support all cryptocurrencies based on the Scrypt algorithm. Thus, you can add Verge (XVG), DigiByte (DGB), Netcoin (NET), Novacoin (NVC), BitConnect (BCC), and dozens of other projects.

What can the new device boast about?

Hashrate - 9 500 Mh/s;

Power consumption - 3 425 W;

Energy efficiency - 0.36 J/megahash;

Equivalent to 19 machines of the Antminer L3+ type;

Dimensions - 195x290x370 mm;

Weight - 7.5 kg;

Price - 15,000 USD.

For foreign buyers, a 13% discount is provided, so the price of the ASIC will be 13,050 USD excluding delivery.

Delivery time - November 2021.

Payback period of Antminer L7

Let's use the BiXBiT calculator to calculate the payback period. So, with the given characteristics and the cost of 0.05 USD per 1 kW/h we see the following numbers:

For DOGE with the rate of 0.25 USD - 110 USD per day, 3,300 USD per month. Thus, for Western buyers, the payback is 3.9 months.

For LTC with the rate of 150 USD - 26 USD per day, 780 USD per month. Thus, for Western buyers, the payback is 16.7 months.

You can also check the payback period for other cryptocurrencies in our calculator. The most profitable for mining is DOGE, but this is relevant while its market value is at a high level. The profitability of other assets does not exceed 30 USD per day, which significantly increases the payback period of the device.