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Syan Technologies to open order books for new Scrypt ASIC mining machine

Syan Technologies to open order books for new Scrypt ASIC mining machine

Following closely in the footsteps of the Vega Home Bitcoin Miner, Syan Technologies – Fintech arm of the Dubai-based Zahrani Group – have just announced that the pre-sales order list for the second machine in the Vega series, the Vega 2S Home Litecoin Miner, will be opening on Monday the 13th November 2017.

This new machine is similar in design to the Vega Bitcoin Miner and utilises the same chassis, P.S.U. and cooling systems, the main difference being the incorporation of Syan’s new SCRYPT ASIC SCR1440 chip – or two hundred and forty of them to be precise, arranged in four boards of sixty chips each. The net result of this arrangement in operational terms is a market-leading hash rate of 822MH/s, power consumption of 880W and a consequent efficiency rating of 1.07J/MH. Priced at US$1,795.00 the newest Vega at first glance appears slightly more expensive than the Antminer L3+ until one takes into account the Vega’s onboard PSU; the Antminer requires an outboard power supply, their own APW3 unit boosting the total package price by a further hundred dollars to US$1,817.00 making the Syan machine a better deal all round.The only downside we can see regarding the comparison between the two machines is that you’ll have to wait a little longer to get your hands on the Vega, which is not due for delivery until the first week of February 2018 as opposed to the Antminer L3+’s delivery estimate of December 2017.

As with the Bitcoin Vega, it’s the efficiency that takes it into its own realm. The Vega manages an astonishing 1.07J/MH, around 33% better than the Antminer’s 1.6J/MH. Syan claim that this is down to a combination of the 14nm process technology of the SCR1440 chip and the design of their liquid cooling system. This enhanced efficiency and the blistering speed of the unit make the R.O.I. estimates very attractive indeed, erratic difficulty levels notwithstanding. Syan also claim that the Vega 2S will be significantly quieter than the competition due to its sturdier casing and rubber shock-mounted, fluid-bearing fan system, though they are unable to supply exact figures until the first production models land on the testing bench.

The first batch of the new Vega 2S comprises two thousand five hundred units, though five hundred of these are earmarked for the Syan Mining project, a joint operation between Syan and the government of Laos PDR on the banks of the Mekong utilising the practically limitless supply of renewable energy from the Laotian hydroelectric projects. The remaining two thousand units are available for purchase direct from the Syan Technologies website, though if sales of the Bitcoin version of the Vega are anything to go by, they should sell out quite rapidly. 

Syan Technologies are a Hong Kong based designer and producer of digital currency mining machines and FinTech, currently focusing on the release of their Vega Home Currency Mining series. They comprise a dedicated and highly motivated team of designers, technicians and mathematicians of diverse backgrounds – from as far afield as California, London, Sweden, Russia and Vietnam – with just one thing in common; they aim to design and produce the most cost-efficient and durable ASIC mining machines in the world.

For further information please go to www.syanmining.com

Media Contact
Company Name: Syan Technologies Limited
Contact Person: Samuel Cornwell
Email: Send Email
Phone: +852-2861-8794
Address:Yen Sheng Centre, 64 Hoi Yuen Rd.
City: Kwun Tong
State: Hong Kong SAR
Country: HongKong
Website: https://www.syanmining.com