Bitcoin Forum

Today, BITMAIN is thrilled to announce a significant accomplishment in our Scrypt ASIC development – AntMiner L1 is launched. Global Sales open in the Beijing Time 22:00pm Sept. 3rd, (UCT+8:00 Time Zone) Shipping time is in December.

Our brand new, high-performance L1 will be hashing at 120MH/s with the market-best pricing of only $599.00 USD per unit with free shipping worldwide, hailing in at a market-topping rate $5/MH/s. This ensures our L1 will be absolute the best $/MH/s as well as power efficiency spec in the Scrypt mining market. What’s more, a dramatic discount will be given to bulk orders.
L1 will be produced with our state-of-art chip powered by the 28nm tech process. The efficiency is only 2.37J/MH at Core Voltage 0.81v on chip level. The Core Voltage and Hash Rate will be adjustable by software, over clocking and under clocking will be very easy to operate while miners trade-off the speed and efficiency. Moreover, the miner will be able to mine multifarious scrypt based altcoin, of which scrypt length can be 1024, 2048, 4096 (n = 10, 11 or 12).

L1 is a blade style miner similar with AntMiner S1, shipping without PSU.

Specifications:
Chip Core Voltage: 0.81v
Chip Efficiency: 2.37J/MH on chip**
Hash Rate: 120MH/s ±5% with great over clocking & under clocking potential
Power Consumption: 380 Watt at the wall**
Network Connection: Ethernet
Complied with: FCC / CE

Notes:
**Chip Efficiency: Efficiency is a simulation result. Though BITMAIN has good track records of making power effective miner, this is only simulation. The final number depends on the testing results before shipping and it is not binding term.

**Power Consumption: This figure depends on the PSU efficiency, ambient temperature and the accuracy of the power meters.

december preorder?

crazy

no thanks :)

December? damn that will be too late..

Work with scrypt-n(2048)?

This is my favorite line: "Chip Efficiency: Efficiency is a stimulation result." Bitmain - you may want to change it to simulation minus the t.

If it is not a long term pre-order then i may bite. I'll keep my eye on it, but the above line is keeping me in stitches.  :)

I'm dissapointed that you're going further down the pre-order route bitmain, you're better than that. Too many of us have been burnt now (particularly fresh sting about black arrow at the moment).

Looks like they are shipping all in stock to hashnest their new cloud mining operation.

No more in stock for us. Bitmain you guys did a great job for most of us at one time and I for one am really happy with my mining units (still waiting on B8), but now we are just the little guys and our money is used to fund your bank account so you can ship in stock out and build our units when you feel the need to do so. You remember us don't you?

Profit before your customer base, I would not count on too many per-orders if I were you. At least from this forum.  8)

But what the heck a newbie is born everyday.  ;D ;D ;D

Not you became a pre-order company.
Paying 3 to 4 months at this uncertain time is too difficult.
Mining Ends.

Nice price but 3 months down the route means unprofitable..

Of course all the new stuff has to be shipped to HASHNET first for TESTING!

TESTING requires the continuous use 24/7 for at least 3 MONTHs, so we can be very happy to get such well TESTED units earliest in DECEMBER!

 :o

so the only adavantage over Hashra Astro is

1. Scrypt-N and
2. Bitmain Service

?

Electricity usage.  I just wish the whole 3 months part was not there.

3 months pre-order ?WTF ?  ???
BITMAIN is turning into a really bad company, it's not what it used to be, shipping units within 48 hours!
now they give us 3 months pre-orders.
I belive BITMAIN is going same track as KNC, slowly turning into a scam company

*raping F5 key*

I've been a big fan of Ants but I think I'll pass on this one :)

I've had enough of one Scrypt preorder (Zeus), never again.

its 22:33 BJT...

It's very disappointing that Bitmain is doing this as a preorder. In the past, they've announced existing products and shipped from stock (mostly; the S3 was more like build to order). While the specs look good today, I think they will be inadequate after 3 months of difficulty increase, especially if the monster miners (like KnC) ship first and chew up the difficulty.

That said, it is interesting that the L1 appears to support Scrypt-N, which is often quite a bit more profitable than Scrypt if you look historically at the various multipools.

However if you look at Wafflepool, for example, it's mining mostly VertCoin. I think I read somewhere that VertCoin is moving from Scrypt-N to a different algorithm (Lyra2?). If VertCoin is the staple of Scrypt-N and it moves on, then I doubt that there will be any value left in Scrypt-N mining.

Hi Xer0,
Sales open :)

You're right, Vertcoin is moving to Lyra2, and even if it wasn't Scrypt-N just couldn't sustain this much hashrate (I'm assuming ~60 MH/s per L1 at N=11). Difficulty would skyrocket, profitability would drop through the floor.

Litecoin already has ~800 GH/s so adding a few hundred GH/s in December might not matter that much.

Anyway, too risky for my taste.

Isn't December a bit late for Asic delivery considering the volatility of LTC market . I don't want Bitmain to go  along the same route as other manufacturers .

Hi rhj12345,
The miners runing in Umisoo are all AntMiner S2 units, which were closed sales several months ago.
Now S3+ and L1 are open sales, in theory, our online miners' sales are not related to these S2s subscribed in hashnest.com.

BTW, S3+ is more likely to be shipped earlier than Sept 20th, we will do our best to do fast shipping as usual.

Watching this topic.  December seems pretty far out for a preorder now a days.  No offense Bitmain, but between this pretty far out pre order and the pricing on hashnest that will not achieve positive ROI, I am starting to shy away from Bitmain offerings.

I was wondering if pre-orders will still be in place in December. Then, L1 would not have to be pre ordered?

Just some quick profitability math: this might be a good deal if you believe LTC difficulty will rise ~2% or less for the next ~6 months, or 2.5% or less for the next ~8 months. This is at 0.15 USD per kWh. YMMV.

Edit: kWh.

Aw really? the difficulty going to go up like 100% for 8 month..

Had it not been for this pre order thing, I would have bought four of these, too bad...

Hmm, Bitmain, are you offering any type of guarantee about specs or market conditions on this product?  You have always priced and done calculations to ensure customer positive ROI, so I am sure that you have done that for these as well, but what if there was something missed or the specs aren't hit quite right?  Are you able to guarantee the hashrate with extra units if the 120 MH target is missed or power specs are off?  Or perhaps guarantee some sort of price per MH/s depending on final specs?  Or perhaps base it off of market conditions at shipping time?

Basically I am looking for some guarantee that I will get what I am paying for and will not be left with a preorder for an underperforming device, again not saying you cant hit the advertised specs, but things happen.

If this isn't pre-order, it would be sold out by now..

The current price of 1.253 BTC per L1 unit is an insane price!  Things to consider:

(1) The unit is priced in USD (not bitcoin) so if you buy you are effectively selling you bitcoin at a 3 month low (face palm)
(2) The scyptcoin market is on its last breath and even the most optimistic projects show the L1 MIGHT (if difficulty increase is less than 2%) make a small profit.  There just isnt enough upside to risk that amount of bitcoin.
(3) A 3 month preorder is insane.  3 months is this game is an eternity, especially considering how much the scrypt market has gone down. Just three months ago LTC was over $11 today its <$5.

Summary: Even assuming best case scienaro (on time shipping, low diff rise, LTC prices dont continue to fall) this unit will not be profitable.

2% or 2.5% is at every adjustment, not the total in 6 or 8 months.

My technical analysis of the Antminer L1

https://i.imgur.com/QE2qLai.jpg

You're probably right, four months waiting is too risky though.

What do you recommend? If I may ask.

this http://hashra.com/astro/
 
shipping is September 20th

Dear Bitmain,

I really like your new product L1 and I'm considering order of 4 units for my small house farm.
Before I pull the trigger and place the order with my hard earned BTC's, I have few questions/concerns that would like to get answer for:

1. As lead time is almost 4 months which is in crypto world like 4 lightning years, what happens if your competition lowers the price on their ann products and simply offer better hash to power consumption ratio, will you offer additional discount on L1?
2. Will you reimburse existing customers for pending L1 orders if you decide to lower the price?
3. In case of shipment delays and you cannot deliver L1 within promised time frame, will you offer your customer refund option?

Thank you in advance for your reply.

Kind regards

don't bother... it's 3 months away.you can at most throw it into your trash when it will be delivered to you.

First thanks for the response at least you seem to still care. But WE are your customer base and we deserve better from you than "Hey buy an S3 and wait" or "Buy an L1 and wait for Santa maybe you will find one under the tree".

You used to be our go-to company that we could get our units in 3 days and we loved you for that. But now? Like William Wallace would say "Were not happy to take the scraps from Longshanks table!"

We deserve better, we want in stock products delivered in 3-5 days. Anything less is just BS!!  8)

Thanks for the link. Problem I hold btc, and there's a no refund btc policy. I could also sell the btc. What do you think? The 300 mhz one at 2k?

But I liked the multi scrypt feature the L1 offered.

P.S China is going to mine the majority of LTC and make a reserve for herself.

Power Consumption: Approximately 1200W (+ or – 10%)

And don't forget the shipping cost.

That's a hell of a lot more than what the L1 consumes. Additionally, I would have thought the shipping cost was included.

My guess is buy LTC directly on the exchange market, when BTC halves in 2016, it might be a good opportunity to seize on.

what makes you think BTC will half in 2016 ?

They will mine them for a few weeks. The difficulty will explode. Then they'll dump them onto us in December.

ROI will be tight if existant.

Great !

Bitmaintech always free ship.
Current diff is 27024.
on dec/2014 with diff = 54000 (100%) we still get $285/1month
ROI = 3month
(ltc price not change)

BTC block reward will change from 25 to 12.5 at block #420000.

However I don't see how that means anything for LTC.

L1 would be great if shipped in october !

May be BTC drop in price will make LTC go up. Anyone heard about LTC on Gox? But even before 2016, when miners realize price won't go up, they'll dump their BTC on the market.

For me this L1 seems a pure gamble. Need to wait and watch.
Risk is too much to pre-order now. L1 ROI or not is a different topic.

Buying BTC directly when its at its 3 month low point...

And BITMAIN may test them in his farm before sending them. We have to wait, and avoid the pre-order.

Fucking mark his words. I'm all in.

  and not 100% will ship on Sept.


ps: I just did one order pay by btc  almost 1 hour now and still unpaid in the account.

Quoting the obvious that shipping in Dec. leaves a sour taste in your customers mouths.
Now the specs. are just a hope at this point correct much like Zeus promised us, or may I say Fib.?
Your a trustworthy company but why the 4 month preorder?
Too many people have been burned on these long preorders, shame on you.
I thought your business model of the past would carry on, shipping in stock equipment.
Seems most will wait to see what specs are for sure.

Don't worry about that, it will get confirmed eventually. It often takes them a lot longer than 1 hour, maybe some manual process is involved or something. If you don't get it confirmed within 24 hours e-mail webmaster with your order id and blockchain tx id.

what order is this for?

...and FLUSH... ;D ;D ;D

Repeat...whatever...

ZiG


EDIT ...:

Also ...from BitMain website ... https://bitmaintech.com/about.htm ...

..."We reject some business practice in the community, which is intended to distribute the risk and benefit asymmetrically. We are here to change it:  we will not accept pre-order forever before we feel logically 100% sure that we can deliver on time. There will be no unexpected waiting and failed/delayed taping-out or any other kinds of delaying risks for our customers.

 

We created a Legend in the bitcoin community: no pre-orders, on time shipping, even pre-shipping. We are earning more and more trust from our worldwide customers."

Shame on you, BitMain  !... ;)... ;D

ZiG again ... warning you guys...


 

Looks like that pre-order honey jar that everyone else has been getting their paws into has become too appealing for BitMain to resist.  B8 'pre-order' was enough of a stretch for me.  But this? Who are you guys?

Next thing you know Bitmain will be late to deliver, and selling us well-tested units.  I thought you guys were better than that  :-\ :-\ :-\

  I did Email them and one hour later done it.

Yep, when everybody out there is selling over priced units it's too much for Bitmain to resist. I almost think their is someone else running the company because they have done a complete 180 on us and now they don't give a rats rip about us. Just like BFL.

Nice.

Notice to other manufactures: Give us fair deal and in stock products; we will buy.  8) ;)

No more preorders for me, so I won't be purchasing this hardware. I refuse to take the risk on product development. This business model needs to die off on the consumer end and if you want it to go away do not participate in any more of these deals. I think b8 of the s3s was a test of tolerance to see if we would bite and fund this venture. Bitmain is better than this and I find it disheartening that they are following that crap model now.

+1

For me, the S3 was right on the edge. I was very close to not placing an order, but in the end took the risk, largely based on Bitmain's reputation.

I have no intention of ordering an L1 under the current conditions.

Bitmain is now pushing all of the risk onto its customers. The result is that Bitmain's reputation has gone down, and that will factor in my decision making process for future purchases.

When you read this from the Bitmain site:

We created a Legend in the bitcoin community: no pre-orders, on time shipping, even pre-shipping. We are earning more and more trust from our worldwide customers.

All you can do is shake your head. Now there just laughing at us all the way to the bank.

Good things are never meant to last.  :-\

Initially excited when Bitmaintech announced it....but a 4 month preorder.....are you kidding me?  >:(

I guess never trust what you read; this is a company and companies only care about making more money.  But without us they are not a company.  Don't bite the hand that feeds you.  They may have been playing nice for awhile but the S2 and original S1 price were outrageous.  Yes the push out for B8 S3 was just at the edge of us asking why?  Like that much time helped it be what it should have been at B1.  Makes you wonder what, if anything will happen to the S4.

let's unite toghether and stop all this 4 months pre-orders crap.
do not PRE-ORDER any of this units !
do not give them the satisfaction of fooling us !

We created a Legend in the bitcoin community: no pre-orders, on time shipping, even pre-shipping. We are earning more and more trust from our worldwide customers.


first they started with S3 preorders, then they stopped giving coupons for old customers, now they are asking for a 4 months pre-order ?
they are just one step away into becoming like BFL.



DO NOT FALL INTO THOSE TRAPS AGAIN !

This is the first time I see bitmain doing preorder.
Is this really bitmain or hacked account ?

Most of S3 sales were preorders. If someone hacked the account they did a great job - also hacked the website ;)

I won't be ordering one now...  I have little doubt BITMAIN will ship on time or at least if late not that late... They aren't BFL.  I'll be buying 2 S3s now and make enough with them to buy a L1 come Nov - Dec when we have a better idea of how development is going as well as a better idea of what kind of profitability we are looking at.  No need to tie my coins up this early especially since if I miss round one all that does is mean I pay less for the L1 and it ships a week later no big deal.

Loving the low low low price of this. However that said the problem be is 3 months for shipping + import tax never brake even. Provide equipment now might be in with a chance. Would love to order however not risking 3 months waiting then oh sorry some delays and set back.

Lets just wait 3 months and then decide 3 months later, hopefully its not sold out by then..

WTF who made the order,fools 3 months still left to go. ::) This is a complete crap.They doesn't wanna loose money so they invest from pre orders

Their already built, and they "test" it first then send to customers in batch...
But yess you can say it preorder too :(

Let's define a "Pre-Order"... ;)

For me it is something that will be shipped in MORE than a week...10 days ...2 weeks MAX...

If they are shipped within 2 weeks...I'll called it "build to order"... ;)

Shipping from stock...within 24-48 hours ...1-2 days is the MOST I would tolerate...

So...L1 is a typical "PRE-Order"...like KnC etc...

Bye-bye BitMain Tech...  "NO PRE-ORDERS...WE WILL CHANGE THAT MODEL..." ...blah-blah... ;D

Yeah, right...Complete BS... :o ( there is no emoticon for "farting"...  ;D ;D ;D )

Cheers,

ZiG

Seems like a good deal, lets wait 2 more months before deciding..

If everyone were to hold off for a couple months before paying into the pre-order, they will get the message.  Unfortunately, greed always gets the best of us fallible humans, and there will always be someone who wants to be first, second, third etc to own the latest piece of hardware.

I can wait.

Exactly.. no more preorders for me
I don't think they'll be sold out in december..

The price is not overrated at all, but the difficult maybe will grow up like there is no tmorrow and the Roi of miner will be unrechable, but atm seems a good deal!

Just a little better efficient and little lower cost then zeus.
But still I would try one if it have 100% accurate delivery date like we used to know...

Good deal...4 months later... ???

I don't think so... ;D

We'll see ...in December...according to my crystal ball... ;)

ZiG

  If really 4 month then better nothing.   what is your crystal ball say for KNC for this month?

I will trust bitmain more than KNC.

I don't trust any of them. They don't pay my bills.

+1 ...mine either... ;)

ZiG

"...what is your crystal ball say for KNC for this month? ..."

Let me see... ;D

...You screwd ...BIG time..." ... ;D

ZiG

  Any news for L1?

You pay bill for the manufacturer.

What is the speed for 1024, 2048, 4096 (n = 10, 11 or 12), respectively?

Not worth to buy L1 anymore. Scrypt asic is getting cheaper and you can get it immediately..

I think the rated 120 MH/s speed is for n=10. Each extra n will probably halve it but that's just my guess.

I heard the scalability of ASIC is not good as GPU. I want some confirmation.

  nothing better gpu but power use and speed not match asic h/w+less power use.

If n=10, it is 100 times better than GPU, when n=12, is it just 25 times better?

ANTMINER L1 (https://bitmaintech.com/productDetail.htm?pid=00020140830074550960Um75pnzg06E3) sold out and no batch 2 announced? ???

  no way sold out so faster and ohter also sold out too.

i wish the guy's who pre-orded that one good Luck. I think when they get these in December, there will be no way to ROI...

   I keep see ROI thing and do you think 20k usd Titan miner will get ROI soon than L1?

What does it have to with the Titan? Why whould an L1 buyer care if Titan will ROI?

Neither if difficulty rises every 3.5 days.

   You should ask jadefalke what roi have to do with L1?

1 With all pessimism i'd like to know where you guys are directing your purchase money.
2 is the aintminer s3 still a fair purchase if bought at 250 bucks?
3 How does one mine the other formats. When i put in 120mb from scrypt to scrypt n it was hundreds a day. I'm not making a lot of money in life right now and can really benefit from a dynamite investment. its just got to be low in price and rather then be a currency to currency flip i have to buy hardware and mine.

Thats all. It will be easier to follow replies if you number your answers to my three questions.
Thanks again talk to you all soon

   I dont know you might came too late for both of them and S3 and L1 sold out right now.

Maybe @dogie as the official Bitmaintech representative can now ask what's up with the L1, if it's sold out for good or if another batch will be put in line.

  I dont think will be other batch until this batch done first or ship out and Bitmain wont want to be too much pre-orders on hold like KNC.

Does this is confirmed officially?

I still don't understand why they would stop taking pre-orders, unless they only built a limited amount of units which is currently hashing in their mining facilities.

After all the L1 has better specs and a better price than the ZeusMiner Vulcano, which is on pre-order as well with intended shipping at the end of the year.

@dogie, can you find out what's up with the L1?

I think the units are hashing happily at the moment.

Probably not selling more L1s for practical reasons. All the chips of the batch have been accounted for and pre-ordered, there just aren't any left. There will be other batches of course, I would guess around the time the first L1s ship.

Also, they won't know how exactly the unit will perform until its finally made. Simulations aren't 100%.  If anything big comes up in the way of problems with the design or inefficiencies, they can make a revision without being over-committed to too many units at once that (in the extreme bad luck) something was wrong with them or there performance was way off.
 
That being said wish I bought a L1, missed the boat.

  yes, alot of us missed big boat and now KNC titan wont mine scrypt-N by trick buyers to buy 2nd batch Titans for scrypt-N.

2nd batch Titans does not do scrypt-N.

I don't know if happily, who would want to do the same thing over and over and a crazy amount of times per second, but agree that they are probably hashing already :)

i missed what happened. Do first batch of titans do scrypt-N? or just saying that none of titans can do scrypt-N? havent' been up to date on the titans

none of titans can do scrypt-N

Even 1st batch of KNC are not able to mine Scrypt properly , let alone Scrypt-N

will the L1 be able to mine scrypt-n coins?

According to the announcement - yes.

the miner will be able to mine multifarious scrypt based altcoin, of which scrypt length can be 1024, 2048, 4096 (n = 10, 11 or 12

I am so glad I bought one and will buy many more :)

Hope you receive them in time.

I'd be interested if it's still for sale (or going to be for sale again)

So far the LTC difficulty hasn't been going up too much yet.

you can also mine scrypt-n coins with the L1

I'd like to trade s3+ machines for l1 preorder rights. If anyone wants out of their L1 pre-order i'd like to own it. I have found in live in the most expensive electricity provider territory in the united states and per watt the l1 will out perform the s3. Thus if i trade and invest in L1's i can keep mining otherwise all I'm really doing is providing money to the electric company.


If someone from another part of the united states is willing to help me out you will provide me with an income producing opportunity. Which is what i was looking for like everyone else who purchased miners.

This would have to be orchestrated using bitmain as a facilitator i emailed them tonight. With their blessing and oversight they can transfer the pre order papers into my name. Be it you regret your preorder purchase or you are just willing to help me i appreciate your consideration either way.

Kindly,
Richard

  I dont think anyone will do it and L1 is 600USD for one while waiting in line.

I have a extra unit I could sell if someone wants it, It would be for the same amount I paid which was $600 in bitcoins

In $ -  yes...in BTC...no... ;D

Cheers,

ZiG

I will also take the exact amount I paid in bitcoins which was 1.59BTC

   Why do you want to sell now if L1 is coming first with X11 and scrypt-N.

because I have other orders so I can afford to sell 1 order.. no problem for me

If I had 1,59 BTC ,I would buy now without any questions ..

Thats why you dont have 1.59 BTC.

Will this mine X11 for sure?

No.

Bitmain has always been fair on sales the first batch of S3's not all hit advertised spec so they gave a discount to all.  I predict they would do something for customers if it does not do x11, etc.   They have a lot of capital so I'm hopeful of them making it as advertised.

I think you are right BITMAIN will never disappoint :)

Except they never mentioned it would mine X11. Where did this even come from? This is a Scrypt ASIC.

This is scrypt and scrypt-N (n=10,11,12) miner. It cannot mine anything else.

BITMAIN - Are we still on schedule for December shipping?

He is trying to sell an L1 and attempting to lure people into purchasing it by claiming it can mine x11.

https://bitcointalk.org/index.php?topic=825518.0

Have you seen a definite no for a answer yet? NO we haven't you fuck nut so as of now yes x11 will be included until Bitmain speaks up and says no, are you dumb to understand that? you must be disabled or mentally ill

You're advertising a product with features that do not exist.  Your "speculating" or hoping that it will and trying to lure buyers in on that.

Where did you "hear" about this x11 feature? 

Clearly no one has, but you

Are you blind? can you not see others also saying the same shit I am saying, why don't you show me where it says that it won't have that feature? you fucking idiot

Now let's see here are other users saying the same shit I am saying so clearly I am not the only one, dumb ass

False advertising or deceptive advertising is the use of false or misleading statements in advertising, and misrepresentation of the product at hand, which may negatively affect many stakeholders, especially consumers.

So until they CLEARLY say they do, you're misleading people.

where the hell do you guys come up with the part about the antminer is supposed to do x11, do you guys even know what it takes to include x11? x11 consists of 11 different algorithms the real estate cost to include that with scrypt would be too prohibitive, and would degrade scryöt performance considerately or they would have to add several times more chips. at least try to investigate wvat you guys are trying to claim. i have no doubt if x11 makes sense economically at some point asics will come... but until then.. relax and gain knowledge instead of claiming stuff

https://bitcointalk.org/index.php?topic=825779.msg9225217#msg9225217

CHAOSiTEC part of darkcoin development team

https://www.darkcoin.io/about/team-contact/

So until it CLEARLY says they don't, I will keep believing X11 will be included

Understood?

yeah ive got it. if the manual doesnt say i cannot dry my cat in the microwave, then ill dry my cat in the microwave


ass!

whatever your the guy with an account of the nasty scammer kind:

https://bitcointalk.org/index.php?topic=825840.msg9226010#msg9226010

I understand that you are acting like a retard in trying to convince me that what you're doing is right and it is not. It's like trying to sell a car in which, IF THE RUMOR IS TRUE, will support an all wheels drive control. If not, just too bad for you, it will only support a traction control.

i have proof on you, do you have ANY proof... hah i thought not.. because i at least i am an honest guy, thats more than you can say about you!

well if we follow tilray's way of thinking, then the antminer L1 will also feature: X13, X15, Keccak, Nist5, Blake256, blake 512 anything else i forgot?

cant believe some people..

if someone corrects you, and you attack that person, means you already know its not true

Maybe take your glasses and fix them.. four eyes

This thread is the funniest thing I have read in a long time.


That being said, if this L1 (mining x11 or not) isn't sold by the middle of next week, I want it. With escrow of course. ;)

Edit: My bad I didn't realize I had been derailed into the Altcoin mining section announcement page, lol.

Hmm if you visit https://bitmaintech.com/product.htm the L1 has been pulled from the page, BITMAIN can you please explain the problem?

i just think they are clearing it and making room for Batch 2  whenever that is going to be available

You forgot SHA256 of course.

This tilray guy is funny, selling a miner in a self-moderated thread with false specs and asking Bitmain to confirm his imaginary rumors.  ::)

... aaaand it's gone  ;D

yeah i started by politly asking him not to state x11 since bitmain as only stated scrypt and scrypt-n, he left a present on my trust rating, and so correcting someone in his eyes, is being a troll and a bully, and also scam accusations, so i can only assume he is trying to sell on false premises

Welcome to the club!
Get ready for his all mighty useless neg trust and he will start calling you names and claiming your mentally disabled =)

No worries, I already left him a neg trust so I fully expect retaliation. Just curious what I'll be accused of :)

::Sigh::

A search of this thread for the term "X11" only yields posts related to this flawed logic and the ensuing shenanigans.

BITMAIN didn't specify whether the L1 would make chocolate ice cream, so I'll be picking one up on Batch 2.  I heard a rumor the L1 would make chocolate ice cream.


Despite no mention of it anywhere by the OP and manufacturer... 

BITMAIN - CAN YOU PLEASE SPECIFY WHETHER THIS DEVICE WILL HASH x11?

Who the fuck are you to tell me I cannot assume what I want? are you the fucking internet police?

http://i72.photobucket.com/albums/i179/huertaandrew/Funny%20Pictures/kyles1988-Internet-Police.jpg

Don't tell me what to believe or think, god does that already fuck nut

Angry tirade noted. 

Please note that other than pointing out flawed logic, I did not and will not call you names.  Don't expect further responses from me, I'm already ignoring you.


If BITMAIN clarifies the issue, everyone may learn something.


This x11 thing isn't important enough for me to actually give a damn, but people are watching this thread for MEANINGFUL information, such as ship dates, specs, and eventual tech support.

You can assume all you want. You can also expect to be called out on your lies. That has nothing to do with police, internet or otherwise.

You are selling a product and misleading your buyers by providing false specifications. Using a self-moderated thread you are deleting posts that are merely suggesting that you should be more careful with what you now call "assumptions", which you are presenting as facts. You leave false negative trust (where and when did you risk 2 BTC with me? where is your reference link?) calling other members "scammers" and "trolls" for calling out your lies.

In case it hasn't been made sufficiently clear, let me repeat: According to Bitmain specifications provided in the first post of this thread AntMiner L1 will not mine X11 or anything else other than Scrypt / Scrypt-N.

Anyone heard anything about reopening of the sales for the L1? Or any other updates?

The L1 does NOT and will never mine x11. Lets put that to rest now.

Hahahha thanks dogie ;-)

thank you dogie, lets hope tilray reads this...

how the fuck do you know Mr Guide Boy, fucking trolls

Hello, is there an estimate on when Batch 2 orders will become available, or Batch 1 orders reopen?

Thanks.

tilray deleted the sale post and some of the posts here, so it looks like the message got to him despite continuing verbal diarrhea and neg trust spree.

https://bitcointalk.org/index.php?topic=825518.0

or maybe it sold, genius..... or more like dumb ass

Then it would appear you found someone even dumber than yourself.

That unit didn't sell.  No way anyone would fork over money for a pre-order through a second party.

If I were BITMAIN I would cancel your order and send a refund for insulting dogie.

I would also like to know this

   I think Batch 2 might be sold out already to big buyer for farming altercoin.

that sucks than

GAW have bought them all - https://hashtalk.org/topic/12390/bitmain-confirmation/2

edit - or maybe that's Sha

That isn't scrypt but instead for sha256

Ah ok, still wouldn't be surprised if a deal has been struck for Scrypt

GAW did NOT buy anything...all their claims/mining are plain and simple LIES... ;D ;D ;D

ZiG

How are you so sure that GAW didn't own any mining gear?

That cant be all scrypt , but if they bought all those miners they got them for 5usd/mh while their still charging all their customers 17-50.
Im assuming Gaw could afford that huge order in part thanks to hashlet success , now the buyers of those will see their time to roi skyrocket.

  dont forget maint fee 0.08 usd per MH.

any updates Bitmain? product close to finishing? pics?

Still too early, guess you have to until december at the earliest..

And so he left me negative trust saying "troll c***" without the stars.

dogie are we shipping soon? we are a month away from December

Any info on this product? are they going to ship earlier?

did any asic got shipped earlier...ever ???

Yes .... Bitmain has before.  I believe on S3 they did ( I could be wrong its been a bit).

30 days until December let's hope shipping is right on time and at the beginning of December.. would be nice to get some kind of update

Where did it say "beginning of December"? Let's stick to the facts, we already had one nutjob with made up specs so let's not do the same with dates.

I never said it was said anywhere, I said "lets hope' so it could be the beginning, middle or end of it who really knows so if you know the facts why don't you tell us when it will ship? well you don't know either

I couldn't preorder L1, but I have had firm trust on Bitmain since I have been running their miners successfully.

However, I am a bit concerned that there might be some delay or the company might release a product with way worse specification since I heard that Zeusminer gave up on developing Volcano which has a similar spec with L1.

As Zeusminer was also one of few miner companies that I trust, I started to worry about L1 even though I could't preorder as I decided not to buy A2 terminator last month and put the money aside.

I want to hear other guys opinion about L1 release in Dec.

Do guys think L1 will be released on time with expected specification?

Thanks

Probably no one except Bitmain can answer that, and even they might not have everything under control yet. Remember what happened with the first S3 batch when it failed to meet the specs at the last minute.

However Bitmain has a fairly good history of compensating for issues like that. I'm quite happy with how my S3 orders turned out. I don't think L1 buyers need to worry about that part. LTC difficulty though is another story. 1-2 months is a long time, it might spike to the point where L1 is not profitable no matter how great it is.

Any news for this ?

LTCgear has release 160mh ltc hosting for 1 year with only 846 usd and made 0.35 btc per week, so I really need update with Antminer L1...
I hope you guys have surprice for us here (except u just sold all L1 to gawminer)

Source : https://hashtalk.org/topic/15063/bitmain-confirms-gaws-most-recent-order/3

4 sure! My s1's s3's came before the promised date,  very pleased with bitmain.

But so far still no news on the L1 release date.

So far difficulty hasn't jumped too much for LTC. Less than expected anyway.

It is also less than my expectation.

True, I thought KNCs Titan would have a big impact, truth is they screwed it up BIG TIME (along with screwing their customers)  >:(

3 days until December and we haven't seen any update on this

a few days to December ..
There are no news on the site. you have news?

I wish.. it would be nice if bitmain updated us with some kind of news

has anyone ordered the L1?

The orders were filled soon after it was prelaunced. No more orders taken.

Found on another forum :- (http://ltcgeartalk.net/index.php?topic=298.msg3375#msg3375)

Dear Customer,

Greeting from BITMAIN!

Sorry to inform you that L1 is sold out and no more in future. Please consider other products available on the official websites.

Kind regards,

Kiddy Chen

BITMAIN

I already have a order but I was wondering who else does

Bitmain aren't known for good communication, keep your fingers crossed they will come good.

December starts in a couple of days ... await a hopeful shipping date update.

so it's December and nothing new from Bitmain...

We might get it end of December.

Some kind of update would be nice at least

So are you guessing?  Or do you have information?  I mean the world "might" end tomorrow too - LOL.

Are we really going to spend this whole month guessing when Bitmain will say something?  ;D

They tend to announce things when they are ready to announce things. There is reason they said "December" and didn't give a specific date. I'd say let's chill for a while and start worrying a month from now.

ya good idea...  ::)

why I'm not  saying a thing if anyone has noticed on there US site it say's  shipping next month or shipping in  Jan 2015  why I'll just wait and not buy any thing. keep what I have going till then.




http://www.bitmainantminer.com/        :)

If I were you I would be very careful with that site. It does not look legit.

Not sure where you see shipping is next month?

Trust me it is them i have talked to them had a S3 replaced  by them by using that number on that site :) .NO don't trust me don't even take my word for it . i know what i know .



DO you live in the US  ?   if not that explains why  you say that . :) . I will admit prices  on that site are way more then getting it direct but it is them. I follow both sites for info you have to it seems .



Oyea they also have a ebay store and a Amazon  store i even had a link emailed to me by them .I won't link them there is no L1 on them  atm, i keep a eye on them as well .

What does it have to do with where I live?

Do you mean this phone number: 800-605-4598

It belongs to this site: http://www.hashalot.com/contact/
Same address as well.

Can't see how it's linked to Bitmain proper though.

Lets not get into  why I said that  :) ...it's leads to off topic stuff..

but it is them . with high prices and all but that's how it is in the US some times on some sites .




I would  say to anyone give them till FEB 2015 then start worrying in IMO. Bitmains has yet to ripe any one off that I've seen or read one valid compliant were they have.

so why is this not on the main bitmain website?

That i don't know but it's been that way on the US  SITE for month now i  thought more saw it.



sorry can't say why . but I'll  bet if I call that  number i could get more info but i won't I'm  just going to wait . they are very nice at least any one i have dealt with at bitmain is  be it in emails form there main site or over the  phone .

Give them until February? are you crazy? if this was the case I would ask for refunds on all my orders

If they cannot deliver before 31 Dec, you should ask for refund as the difficulty will be very high then.

Don't know then I'm not one to do per orders i have been f over in the past but not with this gear on PC stuff . it had nothing to do with coins .  but its the same no matter were you go a per order is a per order and that's the risk you take . No I'm not being cold that's just my thought and if  i had not seen that report on the US site i would do what the poster above said: ask for a refund at the end of Dec. and to many that do bitcoins hate alt coins, i hope it stays that way .





Happy mining



Cya till next time . 

it's just lol to see people thinking and believing that their pre-order will arrive in time. It's like 15th pre-order none of them from companys around the globe arrived in time or with the specifications they promised. No knc with Jupiter, bla, bla spoondellies.

I just think in January we will see some news and a product.

Happy holidays merry Christmas to all

Bitmain actually did quite well with their only preorder so far (S3). A shortfall in specs was reasonably compensated, shipping was on time. I hope L1 buyers will get what they paid for, one way or another. The only problem could be if it gets cancelled completely, like some other Scrypt ASICs (e.g. Zeus), depending on how they handle refunds. It might leave some buyers unhappy due to the lower BTC/USD rate.

this was posted today by dogie

bitmain is much more trust worthy than any of these other companies

perhaps in your limited experience.

i have bought from most of them, and bitmain is a distant 3rd (at best)

lying, extorting, ignoring, confusing, disorienting, passing your problems off onto uninformed wannabe uniformed bullies, do not make you trustworthy.

at all.

they merely lump you in with every other manufacturer out there... bar one!

I guess at least someone has received his L1 because difficulty on Scrypt-N coins has jumped to sky ..

Customer service revolves around blaming the customers and letting the customer fix bitmain faulty equipment, allthough if the HW is good, bitmain is great. What I really liked is the no bulsshit delivery, right on or before time, everytime!

the knc titan has scrypt-n mining now

I have to agree i have yet to have one issue with bitmain in any way .  i have with zeus and some others .  it's not the end of DEC  yet  bitmain might just amaze them . as far as it reads no set date it just ships in DEC this year .  i know some what how they feel with what zeus did and that other one who now wont sell to the public at all  and plan  to mine for them self which is fine but they used the public imo . to get what they wanted and i hope it back fires on them .  i think the reason they wont make it any more no profit in it for  them like with bitcoins .

mullvads

  is right the titan with a  firmware update can do all most any Scrypt i read in a review on there site  and some place else .

It is Titan.

Yeah, the company we are making pre-order IS ALWAYS the best. Otherwise we would not chose it, right?

Bitmain is better than KnCminer, better than Spoondelies and better than Bitfurry. I wish i could believe it. WTF

show me one post were  they did not make there dead line , or did not keep there word  that is valid. i can show you were they have replaced some products and they did not have to . etc etc . I  don't work for them . I m not taking up for them  etc . they do what they say and DEC is not over yet . and they can very well ripe all the per orders off . I hope they don't for your sake and others . but it can happen and may not ,you all may end up waiting till FEB, why i said worry then .  sigh .

I don't trust Knc and never will SPO no idea imo there products are not the best and Bitburry we all know how that went .

I guess if you  say so do they all SUCK to you :) .


I need to let this go i got caught in the trap .


cya.

So is the L1 coming or nah?

I'm looking forward to seeing pictures. And buying over an existing pre-order from someone ;)

Please take my order I am trying to get a refund but bitmain is totally ignoring me

I have been wondering that myself. I refused to pre-order since I got burned one too many times. Bitmain is good company but when they started pre-order with L1, I had to take a second look. I have S1s S3s and now S4. And it's all good. I only buy now when all the bugs are resolved. Much like PSU problem with S4 first batch. I rather get a working miner after all bugs are corrected.

Someone please take my L1 order off my hands I do not want it anymore. I am asking what I originally paid which was 1.26BTC

Bitmaintech will NOT transfer L1 orders.  I already have tried.  They won't do it.  However, I can make an offer that will guarantee you get your money and I will take 100% of the risk of non-delivery or late delivery if you want to agree to an escrow process below (and this offer is open to anyone who has L1 orders up to my ability to fund).

If you will accept escrow held until Bitmaintech delivers, I will take it and will even pay you a little extra (1.4 BTC) on the following terms:

1) Escrow agent will be tomatocage or another established btc talk member with established a longstanding escrow rep.  I will pay buyer escrow fee.

2) Once escrow is funded you will ASAP change delivery address with Bitmaintech to my address (to be provided)

3) I will be entitled to all rights under your purchase from Bitmaintech including compensation (if late), coupons, discounts, and support.  You agree to cooperate to transfer all those rights to me directly, or if Bitmaintech does not allow transfer then you will use such rights as I direct for my benefit.

4) As soon as Bitmaintech delivers the L1 escrow is released.

5) If Bitmaintech cancels the L1 instead of delivering, you can choose either: (x) have all compensation, refunds, coupons, discounts, etc. that Bitmaintech offers as a result of order cancellation transferred to my BTC address or account, and then escrow will be released to you in full amount REGARDLESS of what Bitmaintech offers (as long as I get all of whatever is provided by them), OR (y) just cancel the transaction and I get the escrow back.  Your choice.

6) Once the escrow is setup, it cannot be cancelled by either of us except as provided above.

If you (or anyone else) wants to do this, please PM me!

I'd be interested in doing this from the buyers side ;)

So would I.

I call dibs on first selller ;D

Absolutely!  That would be rude as hell if we came in and sniped your purchase after you spent all the time spelling out the terms.

I am selling my L1 so I won't get the funds until the unit is shipped?
I guess it would just be better to wait until I get the unit then sell it

Unfortunately, since Bitmaintech won't transfer the order, escrow until shipment is the only way  to do it.

The point to my terms was to make it so that you would be sure to get payment, even if there are delays or cancellations.   I (or not.you or Flep182) takes on the risk something going wrong.  For example, if Bitmaintech is shut down by the government and disappears with all of the bitcoins, you would still get paid even though I would get nothing.  But yes, you still have to wait till they ship, cancel, refund, or whatever so I know I am getting whatever is shipped when its shipped.

Is it possible to change the delivery address? I was talking to another buyer and was told there is no option to do that on the website, so it would have to go through support I guess. Would they allow that?

Yes, Bitmaintech will allow you to change the shipping address.  I have done it a few times.  You do have to go through support, and it takes a few days to get confirmed.

Ok, so here is another plan, and I call dibs on the first seller ;)

Sell the whole account. Escrow agent takes the payment, logs into the account, changes password, and submits the ticket to change the delivery address. Once the support ticket is completed the funds can be released to the seller, no need to wait for delivery. Any flaws with this?

I assume it's also possible to change the e-mail address, otherwise this wouldn't work.

This could work only if the email can be changed and that would have to be done by Bitmain because in the account settings it doesn't give you any option to change the email

Did not wanted to start a discussion asking whos company is better.

Wanted to show, that there never was a pre-order miner machines so far, which ended good for the buyer (except. Avalon Batch1 (limited to 150 pieces) and Knc Jupiter (because of price unfolding by factor 5x).

Why?
-just seller sided benefits
-seller not applying to his own rules or not determined closes.

The most important point is, that you dont sign a contract or dont send money, if its not clear set up, what is going to happen, when the worst case scenario appears.

Dear loyal customers,

The decision has been taken not to continue production of the Antminer L1


In response, all customers will be able to choose one of three options:
       1) The original order value of $599 will be refunded at 105% value [$629] by bitcoin at current market rates. Customers will receive bitcoin payment.
       2) The original order value of $599 will be refunded at 110% value [$659] by bitcoin at current market rates. This will be credited against any new S3/S4/C1 order placed in the web store.
       3) The original order value of $599 will be credited at 115% value [$689] against an S5 order placed in the web store. This will be issued in the form of a 15 day coupon, each coupon valued [$344.5].

Please await an email info@bitmaintech.com for further instructions.

Though we are sorry that we do not deliver this time, it still turns out that buying L1 from BITMAIN is a very best way to earn more Litecoin.  
Data Analysis: In the beginning of L1 sales, you only need to pay 115.86LTC to buy one L1 per the LTC/USD exchange rate 5.17 in the early September. However, you will get 193.22LTC under current LTC/USD exchange rate 3.1. And then plus extra 5% value, a total amount you get is 202.88LTC per unit. Return on investment is 75%. If you choose coupon compensation, Return on investment is 91%.

So sad  :(

Can we have more information about the S5 option please??!!  It sounds exciting but there is no published info, specs, or pricing so its hard to know what to do.

I really hope that Bitmaintech is being truthful here and not building L1s to just sell out to a large customer.  Was really looking forward to seeing what Bitmaintech could do in Scrypt. 

Disappointing, but a very fair compensation plan considering the BTC rate drop.

It looks like Scrypt mining is doomed. No serious ASIC beyond Titan.

Well, there isn't even news why they're not going to deliver :(

So you can take the refund + 5%. Did you even order the L1?

They lost some RD people... look at the homepage, they are looking for 2 new guys, and then they have to realize that making scrypt ASICS are much harder than making sha256 miners...

And or, they are just doing a Zeus turn for their own mining farm...

I heard they sold them to GAW

Hopefully bitmaintech come out with something really soon, I believe the deliver date is december 15 right?

Haloooo... didnt yo get it. Production of the L1 is halted and will Not be send....

Unlikely. GAW is getting out of mining.

You heard wrong. L1 is cancelled, wait for an e-mail to choose your refund options.

LOL. GAW never mined anything except BTC from the pockets of its members.

Where did you see that info? Can you please give me the link to the news?

In this thread posted by Bitmain.

https://bitcointalk.org/index.php?topic=768004.msg9885242#msg9885242

Then choose the BTC option! ::)

There is more than one reason to hire. Bitmain has the latest team in the industry.

More information on S5 very soon.

Just figured I'd put in my 2 cents here.

First off, I'd like to say that I am one that preordered. Although it does suck that they decided to cancel the L1, I think it's better then trying to rush an inferior product to market. I'm not saying that L1 would have been inferior, I mean to say that it probably would have been plagued with stability issues, power issues, connection issue, whatever.

A good example would be the Titan. Now I know many people are happy with their Titan purchase, and that they would defend it, but just as many people, if not more, just are fed up with trying to get them running.

From my experience with Bitmain, their products usually have minimal amount of issues in comparison with any other company. Yes the first batch S4's had issues with power, but that's an easy fix really. If bitmain wasn't able to create and support a solid chip with supporting PCB's to power them, then I believe that it was a better idea for them to cancel.

Personally I love it if they would continue R&D as I trust that given another month or 2, they could have created a superior chip. But just imagine if they would have said "We're gonna delays shipment guys, We are now just like everyone else in this business!" Instead they manned up and admitted they can't deliver, and in my opinion, the refund options they have given are fair, as they are offering more then what we paid. Not much for the timeframe of the preorder, but still more.

I believe though that in the future, should they have one, they should stick to their original claims of not being a pre-order company. It has given them a lot of business and why would you want to break the trust of your clients. Trust is everything. Also, I believe they need to be more active with the community. We hardly ever hear from them, Small updates and announcements really go a long way.

This is just my opinions, feel free to contribute in anyway you want, because I know you all will :P

I don't believe they will do a preorder again, not if I can help it.

Waiting for Godot...

Would love to see something new from Bitmain, but hard to make a decision here with no info...

Agreed, even though they have an excellent history of delivering a good product at a good price, pre-ordering is awful in general with lots of bad actors.

I concurred. At least Bitmain offered full refund with 5 to 10% bonus. How many manufacturers of mining hardware have done that? IMHO Bitmain is the best manufacturer of mining hardware.

And $ locked in a ~35% bitcoin price reduction!

Bitmain did the honourable thing.

Meh.  They did a somewhat honorable thing.  The honorable thing would have been to follow through with delivering a product.

IMHO - you are either lying, inexperienced or one of MANY bitmain sockpuppet shill accounts.

and my posts regarding failing bitmain hardware are being deleted!!

such vermin

I hope they do continue with L1 product but they didn't honorable thing by coming clean instead of making excuses or not responding like most others that I have experienced with pre-order. With BFL, my pre-order was delay over a year on delivery. In my experience, Bitmain is one of the best.

Yes but at least they are giving fair refunds unless the other scam miner companies out there that keep your money.

I disagree … The honorable thing would have been to not even go down the path of pre orders … The problem that pre orders create is the the problem of market speculation, speculation is something that any coin can not afford right now . The market has been severely manipulated over the past few months and a good part of that has been the result of speculation on products that were 100% vaporware at the time.

Bitmain, 
Is any compensation or coupon being passed to your business partners that offered L1 pre-orders?  Such as bitmainantminer.com.  I ordered an L1 from them (which I deeply regret.)  (Please, no posts knocking this decision.  Yes, it was dumb.  I feel bad enough already.)  Bitmainantminer is not communicating well.  They are not responding to my emails.  Does Bitmain have leverage to force them to do the right thing?

I'm still chasing it.

I hope Bitmain continued with L1 R&D since I still like LTC and would like to mine both LTC and BTC. Last LTC miner that I had was GPU miners and it wasn't profitable with AISC miners. I'm hoping L1 would be like S1 was to BTC mining where I made profit even with dropping in price of BTC.

I have been emailing them about refunds but got nothing as of yet, anyone got anything?

Honorable thing would have been to never open preorders. Bitmain did not do that.

Then again, people seem to forget that Bitmain works for Bitmain and is no angel.

I had been looking forward to them as well for an alternative to the power-hungry zeus equipment for scrypt based currencies.

I got coupons but it took a few days. E-mail the "info" address, be nice.

They don't deliver and you get coupones????

They offered options, full refund with extra cash, or coupons with even more extra. I chose coupons because I wanted to try the S5.

https://bitcointalk.org/index.php?topic=768004.msg9885242#msg9885242

Sounds like the 115% for S5 is the best, anybody getting 105% refund instead of this?

I finally got the refund after complaining through multiple emails. Got 1.89372272 per L1, apparently they used higher price when they announced the refund rather than current price when they give you refund, either way they win.

However understandable, it might've been better to fixate the payment rate.

Coupon for "used" S4 is the best for me :D
(Because its includes PSU)