Bitcoin Forum

Hi all,

Until now I just mined Monero with my PC.
I could buy an Antminer L3+ for 300€.
My electricity costs 0,03€.

According to several online calculator, mining LTC I should get a profit of 50/100€ per month (depending on the value of LTC obviously).

My question is: let's say that LTC will never go under the actual price, for how much time I could mine with a L3+ before it would be no profitable?

For what I understood, right now a L3+ can mine about 0,6 LTC per month. How much do you think it will be able to mine in a year?

IT IS NOT A BITCOIN MINER!

you have been moved to correct section.

I mine with 18 L3+ they make solid money for me.

No one know how long these prices will last.

But if the gear is working I would think it should be good to buy.

Why not? The bad boy has good hashrates, if you have cheap or free electricity it will make more sense, L3+ has 504MH for scrypt algorithm and that's LTC I believe, the whole Powe draw is just 1600watts, go for it mate

thanks to both of you guys.

I'm just worried that the difficulty could grow in the next month, making the L3+ not profitable anymore.

As I said before, I'm not very expert about LTC mining, so I don't know if something is going to change soon.

Of course it will grow. And people will turn off their miners and complain about how they will never make ROI. However consider this: If you had bought an S9, and run it non-stop through the past couple of years through bitcoin crashes and peaks you still would probably have beaten the ROI numbers at 50k a coin.

I have not done the calculations for a Neptune or even a Titan (previous generation technologies) but I'm guessing even those may show a positive ROI over the years. An L3 is pretty recent technology so it might be worth it.

you make a good point, I think I'll buy today the L3+.

I was also thinking that maybe, if in the future mining LTC won't be profitable anymore, maybe I could swap to another coin. Altough right now the only other crypto would be Doge which is worth nothing.
Maybe the Reddit and Musk crazyness together will push Doge to 1$, making to mine it very profitable ;D

Sorry guys, a guy offered me a S9i for the same price of the L3+.

I don't mind if I have to mine btc or ltc, which one is the best solution for the next future?

I would get about the same revenue, just a bit more with the S9i, but I think mining btc will become harder very soon, while mining ltc could be a bit easier.

As I said before, I would like to use this miner for at least 1 year.

It is always changing, some days ltc is more profitable some days btc is, it's hard to predict the future...

It makes sense if you have free electricity only, electricity bills is what you should do research on first, if its something you can handle then buy the asic miner L3+

The only thing I fear about L3+ asic miner is electricity cost, that thing consumes lots of watt and the profit is just 2$+ per day while 1.92$ goes for electricity, this is paying way too much for electricity, its a no for someone like me 

A profit of $2 a day *today*. I guess what I am realizing about mining is that doing it at a loss isn't bad if the sats stacked are worth what they have been worth as of late. Yes you can buy bitcoin, but it's such a pain in the ass and there is still a spot price premium that you have to take into account.

I'll just run my little wrecked miners here through the summer and see what happens.

It isn't a bad idea if the asic miner is cheap and affordable, 2$ per day is still something good to be honest and with free electricity it's more dollars for you, if you are from a country with high electricity bill don't bother, it's a waste of time

Agreed, most small miners say they don't want to run when there is no profit but how many actually sell their coins as soon as they mine them.
I'm sure most are holding them anyways so profit or no profit at the time you mine them, it doesn't matter.

Completely depends on what you're paying for it. At 300E? Possibly. Definitely if you can use the heat.

I bought the L3+

After I'll receive it, I'll install the blissz firmware so the electricity usage should be even less than 800w

it uses 800 watts, not 1200 like an s9

800 x 24 = about 20000 or 20 k-watts. a day at 20 cents that is 4 in power at 10 cent that is 2 in power

s9 does 1200 x 24 = about 28.8 k-watts say 30 at 20 cents that is 6 in power at 10 cent that is 3 in power

if you mine at viabtc.com you are paid merge with doge.

as a L3+ earns both it will earn 0.023605 ltc a day so in 42 days  it earns about 1 ltc since it merge mines you will earn 2000 doge in that time

1       LTC =   227
2000 Doge = 104.77

42 days - 331 earn

power at  5 cents =   42
power at 10 cents =  84
power at 20 cents = 168


profit at 5 cent power  331-42    = 289
profit at 10 cent power 331-84   = 247
profit at 20 cent power 331-168 = 163

will this all last I have zero idea if it will

Newbie here, am I wrong or L3+ is profitable again?
Is price of 1000 GBP OK for used one?

Sure it is profitable right now and you can know that based on the numbers on whattomine and your electricity cost. What you don't know is how much the L7s will push difficulty up and what that will do to profitability or if the price will rise to offset some of the difficulty rise. No one actually knows but you can make that judgment off your risk level.

What is interesting on eBay there are bunch of miners which doesn't earn anything, only burning electricity but they keep their price of couple hundred USD

Sure, historical value, space heater....

Hm, weird: Did the difficulty level go up with the L7 coming out? My 300mh Titan pile has been generating .025 ltc per day all summer mining at Litecoinpool. Now that it's cooling down I may add some more cubes I found in a pile. They make good little heaters....