Title: Antminer L3+ viable? Post by: Oonej on December 05, 2017, 02:20:32 AM Hey guys,
I'm new to the mining scene. I was planning a gpu build but now I'm leaning towards a antminer L3+. I know the scene isn't 100% when it comes to predictability, but curious how much risk I'll be jumping into. I'd like to buy 4. With some of the calculators, I'm seeing from ltcwisdom.org I see that by March time frame I'll have a return of 350-400/mo based on my current kwh cost and pool fees etc. I could also do nicehash for a little more. What are your thoughts on the ASICs? Would really appreciate some in my same boat or has been in my boat. The big deal for me is the 4 month wait... Thanks guys! Oonej Title: Re: Antminer L3+ viable? Post by: coldstorage on December 05, 2017, 03:06:37 AM Anyone's guess, but yeah, 4 mo is terrifying. L3+ may well be nearing the end of its lifecycle before the next big thing, and committing that far in advance at this stage of life to one is a huge leap.
That said, I think Litecoin is fantastic, undervalued, Charlie Lee is a genius (for not trying to be better than BTC but charting a course to be a support mechanism for it), and Scrypt alts to back up litecoin are plentiful. If it were me, I might wait for the next big leap in scrypt mining, and focus on buying coins or maybe get into mining something where the hardware risk is lower (GPU) while keeping my eye out for a better hardware entry point for scrypt. But what do I know? Title: Re: Antminer L3+ viable? Post by: Oonej on December 05, 2017, 01:31:59 PM Thanks coldstorage.
Yeah litecoin is a nice one and i've had my eyes on it. Title: Re: Antminer L3+ viable? Post by: Oonej on December 05, 2017, 02:54:17 PM Looking at ltcwisdom.net calculator, i see these results for March 2018++ .. What other things should I consider besides this ? before buying the miner.. If I chose to go this route
Code: Date Difficulty Profits Title: Re: Antminer L3+ viable? Post by: greyday on December 05, 2017, 03:16:40 PM Looking at ltcwisdom.net calculator, i see these results for March 2018++ .. What other things should I consider besides this ? before buying the miner.. If I chose to go this route Code: Date Difficulty Profits This is a good bit of info, but it can't account for the volatility of the altcoin market or the volume of new Scrypt miners that will be online by the time you get yours. My L3+ (which I overpaid for via third party a few months ago) is still earning quite well. I personally think that it will reach ROI well before March (especially if bitcoin doesn't drop significantly). That said, I do not think I would buy another at this point (I WAS debating it a week ago or so). I'd put that money into a rig, because they're more versatile, have (IMO) longer profitability lifespans, and better resale (in theory, anyway; yes, people will always need GPUs for computers, but if, say, all 1060s became obsolete for mining at the same time, no way demand could meet the supply). Realistically it's 6 of 1, maybe around 7 of another. I wouldn't say it's at all stupid to get an L3+ right now, but I wouldn't be excited about one either. If you DO decide to pull the trigger on one, PM me if you'd like to buy a discount coupon code. $125 coupon for $100. :) Title: Re: Antminer L3+ viable? Post by: Oonej on December 05, 2017, 04:07:31 PM Hey greyday
What would you recommend for a good / short term ROI rig ? I might consider this instead. Thanks, Oonej Title: Re: Antminer L3+ viable? Post by: greyday on December 05, 2017, 04:29:33 PM In response to the part about mining rigs from your PM (so that others can chime in; also I know all of this info is available numerous times over on the board and the web in general, but since you asked):
It all depends on what you want to mine. I have some decent experience with 1060s, 1070s, and AMD 580s using Ethos. Currently, for price and ROI, the 580s were the best investment, they were all well under $300 and are currently outperforming everything. But that's because I am currently mining electroneum, and my 580s AT STOCK do about 770-800sols. They can be tweaked to get over 1000 I've read (though I haven't messed with flashing ATI cards yet). For longer term, more stable coins, I personally think Nvidia is king, and the 1060 (6gb models, the 3gb will be obsolete before long IMO) is the best buy. At about $300/card they outperform my 1070s significantly in Ethereum and other Ethash coins (dollar for dollar, watt for watt; in strict hashing of COURSE the 1070s perform better). For a starter rig, I would suggest either maxing out your rig with 1060s or 580s, or buying as many 1070s as your budget allows and adding more later with returns (keep in mind the 580s and 1070s are also power hogs, the 1060s are extremely reasonable on draw; none of this matters with Electroneum or other cryptonight coins, though, as the power usage is ridiculously small). For the rest of your build: cheaper is better. NOT quality, price, so the least bells and whistles for the absolute most stable is going to be your best bet. Basically I add the price of an extra card onto the cost and it usually comes close to covering it: Motherboard is the trick. You want something simple, stable, and with the number of PCIe ports you're going to want. I tend to stick to 6x or 8x boards; they make mining specific boards with as many as 23 (I think? Maybe it was 21?) pcie slots, but personally I like controlling my rigs on a smaller scale, they're easier to diagnose problems, power continuously (both in PSUs and individual lines, since you're going to need a different circuit for every 12-15 cards depending on settings and your circuit amperage), and control. Plus if one goes down, the other two are still running, so less loss of income. YMMV, plenty of people I know love those crazy farming boards... Get the cheapest processor that fits the board you pick, it does NOT matter at all (unless you plan to do CPU mining as well, but I don't suggest that). You don't need much ram, so whatever your OS requires as a minimum will work. Buy as many risers as you will need (1 per card) PLUS 1 extra per 6. They have a high failure rate, and if you buy the extras individually somewhere like Amazon, they are free to return (but my two cents: keep them around just in case, they're cheap). PSU: this is the other most important bit. Buy an 80+ gold or platinum PSU. You will be glad you did eventually; many will argue the reliability or safety issues, and I don't buy them for a second, but the real difference is going to be power loss, and remember, rigs run 24/7 so you want the most efficient PSU you can get for your money. Don't skimp here (also be sure it has enough GPU lines for your cards, you'll need one per card, and one SATA line per 2 cards). You will want to figure out the max wattage of each card and get a psu that equals that x number of cards + 50-100W for the system (WAYYY overkill if you shopped right, just being safe) +10-20% depending on how conservative you want to be. Add that total wattage up and find an 80+ g or p PSU that is that number or higher. All in all, if you're patient (or you can find some lingering post cyber monday sales), you should be able to set up a pretty solid 6 card rig for well under $2K (unless you go 1070s, of course). If you just want to dip your toe in, save some cash and use a computer you already have and just get a couple cards, test them out, and see if you want to expand. That's how I started. As for ROI, right now the 580s, but I honestly think the 1060s are just a better investment, I think they'll ROI in around the same time, maybe a couple weeks more, but they'll last longer... Title: Re: Antminer L3+ viable? Post by: BaNgTHai on December 05, 2017, 05:33:19 PM I personally wouldnt buy L3+'s anymore. There is going to be some new thing that will come out and the l3's will be useless. Save your money and wait. Patience is the key!
Title: Re: Antminer L3+ viable? Post by: Oonej on December 05, 2017, 08:21:07 PM I personally wouldnt buy L3+'s anymore. There is going to be some new thing that will come out and the l3's will be useless. Save your money and wait. Patience is the key! Thanks for your input. I might go towards a GPU mining rig again... Any tips on shopping locations? Anything that caters towards miners? Title: Re: Antminer L3+ viable? Post by: RfBTC on December 05, 2017, 08:27:01 PM Looking at ltcwisdom.net calculator, i see these results for March 2018++ .. What other things should I consider besides this ? before buying the miner.. If I chose to go this route Code: Date Difficulty Profits This table has no sense............. Title: Re: Antminer L3+ viable? Post by: Oonej on December 05, 2017, 08:56:48 PM It shows ROI time table. with an increasing difficulty.
I didn't want to list all the data as it was a lot of data... but here you go: Code: Date Difficulty LTC mined LTC cumulative LTC 28-day total USD value Cumulative USD 28-day total Profits Title: Re: Antminer L3+ viable? Post by: fanatic26 on December 05, 2017, 09:34:42 PM It shows ROI time table. with an increasing difficulty. I didn't want to list all the data as it was a lot of data... but here you go: The numbers on a calculator are so far off you may as well scribble numbers on a wall and throw darts at it. There is no way to estimate difficulty or LTC price that far out so all those numbers are trash. The reality is, an ASIC miner in this space as a 3 month ROI, a GPU rig will cost twice as much and have more like an 8 month ROI Title: Re: Antminer L3+ viable? Post by: Oonej on December 06, 2017, 12:15:02 AM It shows ROI time table. with an increasing difficulty. I didn't want to list all the data as it was a lot of data... but here you go: The numbers on a calculator are so far off you may as well scribble numbers on a wall and throw darts at it. There is no way to estimate difficulty or LTC price that far out so all those numbers are trash. The reality is, an ASIC miner in this space as a 3 month ROI, a GPU rig will cost twice as much and have more like an 8 month ROI I agree it is too far out to tell, which is why i'm hesitant to buy an ASIC. Who knows that the market would bring in that time frame. So you would say ASIC over a GPU rig? Even if the ASIC is a 4 month wait? Oonej |