[Music] what's going on everyone welcome to the Rabid Mining YouTube channel and I'm
pretty excited for this and I'm sure a lot of you guys are going to be as well so I've been
kind of hinting for the past month or so that you should probably hold off if you plan on purchasing
an L7 because there's some new hardware coming and it's going to blow them away bit main is
actually for once kinda in the underdog in this situation yes it's crazy to think that bit man
is an underdog now that being said I'm definitely sure bitmain has something in the works as well
there's rumors on that but we don't have any numbers or anything on what bitmain is doing
but I'm pretty sure they got something in the works no matter what happens here one thing you
can hold for sure if you're waiting for an L7 or trying to buy one 100 weight on it because later
on in 2023 a couple things is going to happen one Litecoin have is about to go through around July
25th or something like that sometime around July so that means 50 percent now obviously a lot of
the rewards does come from Dogecoin as well which is in merge mind with the script algorithm which
means full hash rate within the same algorithm across multiple coins boosting that up so that's
awesome so we have the having we have Dogecoin who knows what will happen there with the probability
with that happening but in theory the price should come up but we're talking about the hardware now
and it's all about the efficiency and the L7 is currently the king of the script algorithm so
2023 is probably going to be a sideways bear cycle for the entire year this is what it has been in
the past so we could look for lower prices on A6 yes everything is looking awesome in prices right
now everyone's looking at purchasing anything right now because things are looking good and
the Asic side of things but with new hardware putting newer current gen out of business here
that means L7 prices are probably going to drop quite a bit more in price because bitmain will
want to get rid of older stock and make new for the new ones but we're not talking about bit main
here we're talking about a new product that's actually going to blow bitmain out of the water
so I'm gonna throw out some rough numbers for you guys and you're really going to be like wow so on
top of that I do have a clip from the Litecoin convention which does go into depth on how these
things actually work and what they are but for some rough numbers what if I told you you could
get 9.5 gigahertz which is what the high-end L7 is right now you can get some nine gigahertz and
stuff for around the same power due to binning and silicon Lottery you know they wanted to sell
some of them cheaper chips off as well so you got some lower models there but regardless say
9.5 gigahash on script for only 660 watts that is pretty insane that is about the same amount
of power that an L7 currently uses with Hive on firmware at 504 megahertz that is crazy to think 9
point five gigahertz at only 660 watts now if you were to bump it up to the full 32 3300 Watts
oven L7 this thing is five times the efficiency at around 48 gigahertz for the same amount of
power as an L7 you can see where I'm going here bit main is no longer the king when it comes to
the script algorithm and l7s are not looking too hot anymore so people are going to want to
upgrade and when they do they're going to sell up their older hardware and prices will drop on
the l7s again it all comes down to the market but I really don't think it's going to go where
not too much higher in 2023 so not only does that sound pretty awesome what if I said all
of this was happening within your own mining farm so you could plug these things in they're
pretty much a PCB loaded with Asic chips about the same shape and size of a GPU and you plug
them into your existing Hardware that is right so I believe it's called the hash blade you throw
on a riser you use your time 16 slot so in here for example you got a B250 it's about 19 slots
that's about 35 gigahash within this 12 GPU mining frame for Less power than an L7 that is pretty
insane this is like next level technology coming out now and it's looking very awesome you know you
could slap it into a revtech there use your times eight slot mining frames there all your existing
GPU infrastructure can be used because honestly right now GPU profitability isn't really there
at all unless you got free Power and even then you're still barely making anything so it's kind
of crazy to think about that you could utilize these for the script mining within A6 within
your entire infrastructure I gotta do is throw those gpus out slap these things in there and
you're good to go on the script algorithm not only that the company and it is made by local
Tech is has the little miners in mind that's the home miners you myself all of us out there they're
in mind sure they're going to have you know big people investing into them the mining Farms but
that's not their ultimate goal it's only like 20 or 30 percent for the large farms and most
of it is supposed to be available for the smaller guys to keep decentralization and actual things so
this stuff is great so let's cut into the actual Litecoin uh convention here and I'm going to kind
of show you what's going on next up what everybody wants to learn about is our script Asic local
Tech's S1 script Asic has a power efficiency of 0.067 joules per megahash on the 12 nanometer node
each individual Asic will have approximately 15.6 Mega hash and consuming as little as 1.04 Watts
however despite these efficiency gains that we're able to create we have the industry first smart
Asic and this allows for gradual degradation anybody know about gradual degradation here
well what graduate gradual degradation does we have or how we do it we have a microcontroller
on each individual Asic the microcontroller runs full diagnostic 24 7 in the background and what
it does if you have a tile go down on the Asic level it turns it off if you have a raceway go
down on that in the Asic it turns off a quarter of the chip if you have a full system failure at the
Asic level it turns it off routes the power to the next Asic this is for both small and large miners
because you have no waste power you're not playing the daisy chain Lottery anymore you don't have the
Red Cross on the X on the first Asic or the Red Cross on the last async because simply put if your
Asic is not hashing it is not consuming power and we'll be offering this on four different platforms
the first one I'll talk more about and that's our hash blade as for the competition you can
see local Tech beats the nearest competitor by 437 percent at the commercial level
on a larger node which is extremely important on this in the silicone industry
this means that you can run more miners using the same power capacity that you have installed today
if you look up at the chart you can simply see that
as if we match our competitor on the hash rate you got a 606 watt machine if you match them on
power consumption you almost got a 50 gigahash machine you're doing more with less and that's
what we want to instill in the industry so here it is local text hash blade it's going to have
128 A6 and the hash rate will be roughly around two gigahash per hash blade we'll be delivering
this both the B to C and B to B for B to B we envision somebody buying it slapping it
in their home PC right underneath their GPU and their extra pcie slot and now they're hashing
away while still being able to use their computer because we're not bogging down the GPU or the CPU
for B2B we lucked out ethereum went to proof of stake there's tons of existing infrastructure
out there you have a lot of GPU rigs that are most likely not profitable and if large facilities have
not made the transition to HPC they can easily sell out their gpus buy our hash blades slap
them in download some software and a driver and start mining script well there you go guys the
local Tech hash blade where you can literally swap out your gpus slap a bunch of these things in and
your mining script like a bad mother you know what you know the rest of the thing there but
anyway so what are you guys thoughts and comments on this whole situation are you pumped are you not
pumped it's just the evolution of crypto mining now I am very curious how bitmain will answer
I am very sure they got something in the works and they have been hinting at something for you
know a little while now so it is coming as well so as more and more hardware and new efficient
Hardware comes online like I said the L7 will definitely be dropping down in price also the
hash rate across the script algorithm will be picking up and sold that difficulty so it will
come down to having the most efficient equipment on there which again leads to the L7 is going
to start looking outdated very very soon so there you have it guys quick inside info and I get more
information on this product as well as bit Mains products and stuff I will definitely keep you
guys up to date but let me know your thoughts and comments I will see you on the next one Rabid Out
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