Minerslab Ltd Launches Their Newest And Most Profitable Cryptocurrency Miners For Bitcoin, Litecoin And Other Altcoins

Andover, Hampshire UK (MMD Newswire) November 25, 2014 — It appears that cryptocurrencies – not just Bitcoin, but Litecoin and a host of other “altcoins” – are here to stay, and MinersLab Ltd., an innovative company in the UK, has launched a new generation of cryptocurrency “miners” to maximize profitability in this ever-changing market. Included in the new product line are the Litecoin Scrypter PRO 900MH/s and the SMART Miner 2.0 Special Edition (SE).

“Let’s be clear about one thing,” says Chris Ferguson, Head Manager of MinersLab. “This is not a get-rich-quick scheme. It isn’t easy to get wealthy mining Bitcoin, Litecoin or any other cryptocurrency. But it can be enormously profitable – if you have the right tools.”

Accordingly, MinersLab’s new Litecoin Scrypter PRO 900MH/s is an extended version of one of the most successful devices on the cryptocurrencies market. Chris Ferguson, explains that it is a Litecoin miner that can also be used for other cryptocurrencies with Scrypt-based mining algorithms.

“And the SMART Miner 2.0 SE is a Special Edition of SMART Miner 2.0 – which itself was a completely revamped and improved version of SMART Miner,” he adds. “Just like SMART Miner 2.0, the Special Edition demonstrates complete stability of operation, while offering greatly increased performance (10TH/s).”

Chris Ferguson adds that at the beginning of 2014, MinersLab initiated a major project to develop equipment for mining scrypt cryptocurrencies, and plans to finish this line by the end of the year.

Some MinersLab products are only offered in limited quantities, so early shopping is advised. The units themselves come with a hefty price tag, but for those looking to profit in the cryptocurrency market it’s just another cost of doing business. Alternatively, if you don’t want to do your own mining, you can set up a mining contract with MinersLab (for more information see here).

If you are seriously in the market for a MinersLab product or service, you probably don’t need an explanation about what cryptocurrency mining is and how it works. But for the benefit of those who are curious and/or considering getting into cryptocurrency, the simplest way to describe mining is that it is “the engine that keeps a cryptocurrency going,” according to Ian DeMartino in “A Beginner’s Guide to Mining” (CoinTelegraph.com, 2014-06-03). Some cryptocurrencies use the word “minting” instead of “mining.” Different cryptocurrencies use drastically different methods, with Bitcoin using the most popular method: Proof-of-Work. Owners of computers performing the complex mathematical equations that keep the cryptocurrency system running – and secure – are rewarded with a small amount of the cryptocurrency. But not just any computer can perform the daunting task of mining. (Hence that hefty price tag.)

Since the first decentralized cryptocurrency, Bitcoin, was launched in 2009 – has it really been only five years? – the market has been flooded with hundreds of competing cryptocurrencies, some of which were created to address certain shortcomings of Bitcoin. Though Bitcoin remains the number one cryptocurrency for now, Litecoin and others are giving it a run for its… well, money. But getting into the cryptocurrency game isn’t easy, no matter which currency you choose. And it’s certainly not a pursuit for the idle hobbyist or the person hoping to get rich overnight.

By its very nature the cryptocurrency market is volatile and constantly changing, keeping the dedicated group of young, ambitious and scary-smart people at MinersLab on their toes. “All key components of our miners are developed independently and are unique,” explains Chris Ferguson. “At MinersLab we don’t use third-party solutions, but look for alternative and new methods and technologies, which allow us to massively increase performance and decrease the cost of our devices as compared to our competitors’ products.” Only a few years old, MinersLab is composed of a growing team of specialists, each of them having at least five years of experience in developing computer and electronic systems.

For those naysayers who still think cryptocurrency is a passing fad, consider that more and more companies, such as the online encyclopedia Wikipedia, are now accepting donations in Bitcoin, Litecoin, and other cryptocurrency formats.

As noted above, though, the cryptocurrency world is constantly changing and evolving. “It’s our job to keep on top of these changes,” says Chris Ferguson. “And at MinersLab we continue to strive to create the most productive, profitable and innovative cryptocurrency miners with the best price/profit ratio.”

For more information about current and future products, visit the MinersLab web site: www.minerslab.com

Media Contact:
Chris Ferguson, Head Manager
MinersLab Ltd.
contact@minerslab.com
sales@minerslab.com

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