Bitcoin Forum

I have 10 L3+. Yield is very small now. WHAT will advise you to do? Sell cheap or wait when the market comes to life?

Considering winter is right around the corner, I would place these units strategically in corners of each room. Turn them on when it gets chilly. You can probably set them on a timer too so that your house is nice and cosy when you get back from work.

Also, if you have a newborn at home, they make a very enjoyable background sound that will soothe him/her to sleep.

Have you recovered your investment?

doorstop , but first strip the fans they can be used to cool gpus rigs

Perhaps someone doing greenhouse farming would like to use the heat and wind + paying for electricity.

you could share profit or get free farming products :)

have u tried this ?

https://bitcointalk.org/index.php?topic=3835841.0

might get you some extra greens from the farmer ;)

Using ASICs/rigs as heaters during cold days is wise. I had my whole 3-bedroom apartment heated with a few GPU rigs last year. And you can open windows freely to let some fresh air come in without losing energy :) My bill after the winter was really low.

Another thing is mining some less popular coins and hoping for either price rise or interest from some pump&dump groups (therefore you might want to place your sell orders in advance on some exchanges). P&D groups generally suck but sometimes they allow you to make money by chance.

I sold my own. On e-bay. Well, what else to do with them? Store for memory? It is better to sell, albeit cheap, as long as there is an opportunity.

The answer is quite a simple one TBH, Ask yourself, have you got your investment back? If Yes, Then sell them. If not Did you make more than 70% of the invested amount back? If yes, Sell them and call it a good lesson. If you haven't made more than 40% of your Money Back then are you willing to take the risk of the market going up? If yes then keep mining, else sell your miners and cut your losses. It's that simple nothing rocket science here :)

Good advise, really. Winter is coming, so have a free warming in your house, also who knows what will happen this winter? Maybe prices of Scrypt coins will rise and you'll profit too? Well OP, I suggest to wait and sell after winter, there are a lot of good advices/techniques how to turn antminers into good house heater and profit at the same time.

Put it in the bin.

Donate to mesuem. Or wait for the day you can buy solar and got excess power

solar is the answer run it only during the day if u have excess

A bit funny, but yes I'm doing that. One of my gpu doesn't have any fan (all the fan broke). And I just put that two fan (I got it from my old ASIC) near the gpu for cooling that gpu. And it works.

While the ASIC heat is good, I'd say ASICSs are too noisy to be really kept indoors, especially with a baby in the house.

If i were the OP and had already gotten ROI on the machines, I'd sell them already. There doesn't seem to be much development on litecoin and simply expecting it's value to recover would probably mean that the entire crypto market will recover better. Simply sell the machines and buy the coins!

lol great minds , all my A3’s and D3’s are stripped lol

Heh, This 100%.  Compare costs against modern heaters and noise machines.  If you are good at sales you might consider pushing them as collectibles or home decor pieces. ;)

It was decreases the GPU temp 3-5 degree comparing to when the GPU still using default fan, but increase the noise, I need db-killer, lol.

How much it cost you per unit when you bought them? It still very expensive here in our country almost Php100,000. I guess you are mining Litecoin. Well, back in June 2017 when it was released miners earn extremely high, so if you bought them that year I guess you earn well and you have recovered your investment as well.

It's like 2015 year again and people are asking what else can the do with their ASICs besides mine with them.

Basically you can't do anything else. Even though they hash some crypto functions you can't do the hash separately since it's not possible to separate the permanent transistors in the chip die.

We actually always had this issue not only now or in 2015, but your best bet is just to sell Them, cheap and someone who wants to play around with some light mining will offer you maybe $50.

You'll have a tough time to sell them now , dont sell when there is to much demand , wait and sell when mining profitability is back.
In December people where buying Antminers S7 which where turned of for couple years as it was very profitable to mine.
It goes in hand as buying coins, buy low sell high.

Hope this helps BTC

I was kind of serious with my advice.

About the future of cryptocoins and blockchainS:
You should really check out channel "Bitcoin Ben" and perhaps also "Gold 2020 forcast" on Youtube.
Especially yesterday sept 17 2018.

Why doesn't this forum have some kind of tips and ways for members to find each other and geographically come together and perhaps run joint mining operation with better deals on electricity and internet with low latency.

Some kind of crowdsourcing which could grow into small(and big) businesses and perhaps making use of the heat at the same time and perhaps making money of it by getting paid for it in some form and/or not having to pay for electricity in part or full.

I beleive that one key to future wealth's should be to Hoodl.
Don't exchange everything to Fiat-money.
Save at least some cryptos.
And exchange into other cryptos that you believe in.
Don't just bet on one hourse ;)

Sell them at actual market price X and with money buy top 3 cryptos: 1-st X*1/2, 2-nd X*1/3 and 3-rd X*1/6.
Put them in a cold (paper) wallet and after 2 years You can say thx.

Agree that you could sell them and by cryptos to put in cold storage.

If you think there will be a revivial for cryptos like Litecoin (scrypt) then perhaps you should calculate how many litecoin you can by if you sell vs mining at loss today and at what pricepoint would it be better to keep on mining vs selling?

What will the price of cryptos be when you have the money to buy?
(How fast can you sell ;)  )

Going price i've seen is something like $150-$250 .

$150 x 10 = $1500
$250 x 10 = $2500

You could buy about 29-49 Litecoin for $1500-$2500
And how long time will it take to mine thoose 29-49 Litecoin ?

You could according to chup's suggestion buy something like (if $1500):
Three biggest (most expensive):
.08 Bitcoin
1.2 Bitcoin Cash
1.5 Maker

my suggestion would be that at least spread little bit more.

Bitcoin and Bitcoin Cash I believe are both same 256-hash.
Maker is not even mineable.

Longterm i would go for only Minable ("decentralized") and spread over coins and blockchains.
At least:
40-50% BTC
10-20% LTC
5-15% Etherum Classic
5-15% Monero
5-15% Zcash
5% Digibyte
and whatever

I myself belive Bitcoin (BTC) = Gold has been for thousends of years (longterm)
I use Bitfi as wallet for longterm storage since everything is stored encrypted in the blockchain itself (as I have understood it) and not in the hardware or on their site.

Best of luck whatever you choose !

Undervolt devices and maybe you should try to mine POS-coins with Scrypt algo and stake them? Such as PinkCoin or Linda (or something else, i don't remember all of them)

Misunderstanding. Three biggest, not three most expensive cryptocurrencies . So list is BTC, ETH and XRP.

I will keep mining ASIC
A day can come and take advantage of them .. You have lost a great loss to them
If you sell them now they will not give me a quarter of their price

I doubt it. We were talking about ASICs which has a short lifetime. Sell it now or never! To be honest, I'm doing the second one. I've never sold my old ASIC. I'm using its fans for replacing my GPU fans that broken.

Ahaa!

Got it !

Sorry I didn't get that, but someone else might also have missunderstood so perhaphs good that was clarified!

I still think that if going longterm perhaps not only three biggest and don't know if not minable cryptos are good as longterm investment ? ? ?

According to youtube-channel: "Bitcoin Ben" it will be these to have in the future:
Bitcoin
Litcoin
XRP
Ethereum
Ethereum Classic

In the end it will be those in power who will decide.

If the good guys win it won't be XRP :)

So I hope the rigging of the markets goes away someday. Would be nice with free markets where each and every crypto, stock, metall, ...  finds it's true value.

Use them as winter heating devices.... or target practice if you have the space to do so safely. ;)

Hey, winter is coming!
So, look at the bright side: you have 10 heaters now ;-)

If your electricity is not very expensive, you can try to mine new altcoins with low difficulty...
It will be some kind of gambling...

take a shit and wipe your ass with the ASICs

He will not have trouble selling them on Craigslist, even if the crypto market never recovers and remains bearish however he needs to be reasonable with his prices.

If the miners become very unprofitable, don't list it for like $500 when the most you will get is maybe $50.

Back in 2015, I've sold many old miners like the KnCMiner Jupiter or the Antminer S1 for like $50. People bought them for fun and to learn about cryptos. I've told them, "you won't ever make a profit" and they understood and bought it anyways. Basically just like buying a stick miner.

A pretty good option if you were living in the places with four seasons. I'm not doing that because I live in the tropical area.


Watch out, it will burn your ass!  :D

I have two dozen of L3+ and I'm thinking about giving it to my 3yo son as he likes to play with fans and screws. That's the only use I can think of for old ASICs at the moment.

well, winter is comming. Instead of 2KW electric radiator, use 2 ASICs.  ;D