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421  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 13, 2017, 01:22:54 AM
So it will be from 1 month ROI to 6 months by July you think ? Smiley

Well I build an excel model here you can take a look:

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0

its pretty self explanatory Let me know if you have any questions.  

You are getting 2.1 LTC reward at current diff? I'm getting 1.7 LTC on litecoinpool PPS

nevermind you have 2.1 LTC per 3.5 day period, very conservative.

you can change your per day reward on Right and it will adjust.

422  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 06:54:02 PM
So it will be from 1 month ROI to 6 months by July you think ? Smiley

Well I build an excel model here you can take a look:

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0

its pretty self explanatory Let me know if you have any questions. 
423  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 05:40:42 PM
Would you guys recommend I cancel my July order?

Realistically do i have any chance of ROI ?

What's bitmains cancellation policy like ?

No cancellation allowed no refund.

If you find out any different let me know.

Yes 6-12 months for ROI they are trying to do the same to LTC in terms of what happened to BTC it takes 6months+ for BTC ROI with S9.
424  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 04:30:23 PM
WTF - Bitmain at it again...

953 more L3+ Miners available on Hashnest

3000.0 USD(99.43652635Ł) Each.

Yep they dont' want people to make money who got april and may miners.

I spoke with a source in china they are shipping 30000 units almost 15 Th/s worth by July.

OUCH! I assume this includes the 3 batches IN July in this 15 th figure? or not sure?

Well...time to pay down the equip debt I guess. Stuff to do Sad



Yes that includes July shipment almost 30k sold by july which they will bring online until they decide to ship.
425  Alternate cryptocurrencies / Altcoin Discussion / Re: My Litecoin Boat has come in! Others? Share your story and your bet on how? Poll on: May 12, 2017, 09:03:57 AM
Thanks for sharing your story searing... Mine is a lot more comical.

I been in crypto world since 2011 -2012 on and off.

4 months ago i sold some old Radeon HD 7870 few of them from old gaming pc for $175 total. I really didn't need the cash so thought I buy an ASIC [my first Asic for Litecoin] Always been a GPU miner. I found some one who was selling A2 Dominator 66Mh/s [few chips were not working] for buy it now for $250 with shipping the only problem was it was unprofitable at 1100 watts power draw and LTC at $4.15.

 luckily one of my friend had free electricity [He fixed his monthly bill unlimited usage] so I decided to pull the trigger worst i would lose $250 and learn something other wise told my friend I would split the revenue with him 50/50. at that point it was making 0.4 LTC per day and i we would earn measely $1.60-$1.75 . Mined it hard for 1 month on litecoin pool and I was so concerned with recuperating my cost that i sold the LTC as soon as they were mined made about $150 not bad.

Long behold LTC spikes to $14 at that same time Bitmain announces L3+ i knew that the difficulty would spike so I sold the A2 Dominator back on ebay for $400 [ the guy who bought it is making $140 a month] go figure.

Didn't make much didn't lose much had lots of fun made few friends and learned a lot.

Oh almost forgot bought 1 L3+ on hashnest for $1895 sold half of hash back on market for 0.29 LTC per Mh/s to get my original $2k back now left with 268 Mh/s left on hashnest just gonna let it run until it stops paying and going to hoard all of the litecoin.

426  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 07:07:43 AM
WTF - Bitmain at it again...

953 more L3+ Miners available on Hashnest

3000.0 USD(99.43652635Ł) Each.

Wow such greed from Bitmain, glad i sold my miners at around .25LTC/Mhash a few days ago since it crashed down to .2LTC/Mhash instantly after these became available.
I expected new miners to come in stock at Hashnest but not at this price  Cheesy

https://bitcoinwisdom.com/litecoin/difficulty

Looks like all the 1000 miners on sale for $3k each are already deployed on network look at the network hash rate spike it already did by 500Gh/s so they take your money upfront make you wait 3 days before activating for you while they mine 1.3x1000= 1300 LTC = $39000 extra. man its really smart.
427  Alternate cryptocurrencies / Mining (Altcoins) / Re: BITTAWMS L3+ 504MHS - $3500 INC SHIPPING - MAY SHIPPING CONFIRMED on: May 12, 2017, 06:38:20 AM
Hashnest just got 1000 More Units for $3000 per unit worth you don't have to wait and they will host it.
428  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 12, 2017, 06:37:20 AM
WTF - Bitmain at it again...

953 more L3+ Miners available on Hashnest

3000.0 USD(99.43652635Ł) Each.

Yep they dont' want people to make money who got april and may miners.

I spoke with a source in china they are shipping 30000 units almost 15 Th/s worth by July.
429  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 11, 2017, 07:37:16 PM
So last Friday I hooked up five of these L3+ for hosting, powered off DPS1200 server PSU on my breakout board and nine cables.

Within a couple hours, one of them had set the breakout board on fire. I thought maybe it was a PCB flaw so I replaced it and the melted cables.

So then on Tuesday another board burned up on a different miner. And this morning I came in to find a third board burned up on a third L3+ on another shelf.

The same boards, from the same PCB batch and assembled on the same day, in the same hour, are powering S9 and T9 miners off 1500W PSUs in the hottest part of the hosting room with no problems at all. I've been building breakout boards for over three years and hosting miners for almost as long and had never seen a board burn up before last Friday.

So what the heck is going on with these things?

Thats crazy I have used DPS1200 with the X-6 adapter not for L3+ makes me nervous i think i am going to get the recommended AP3+ from bitmain or ebay just to be on the safe side.
430  Alternate cryptocurrencies / Mining (Altcoins) / Re: Monero and first rig - newbie questions on: May 11, 2017, 07:13:42 AM
you can calculate everything by yourself here: www.whattomine.com

Thank you for link but i dont see Hash speed for  RX 580 Sad

Its close to RX480 infact just add 2-3% to your monero calculation.
431  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 10, 2017, 03:06:31 PM
How do the pools setup work? why are there 3? does it switch?


 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.




It generates $55 in LTC a day at the moment. Time is of the essence. Anyone who sells for $2000 now is a fool who can't count.

Yeah No one is selling for $2000 if they do please PM me i will buy all  you have, even if i have to mortgage my kids [j/k] lol...

I think the current rate is around $4k for that machine and thats fair because difficulty will rise for sure and you are looking at around 3-6 months on ROI
432  Alternate cryptocurrencies / Speculation (Altcoins) / For all the LTC Miners here is a Handy Excel Model to calculate your earnings!!! on: May 10, 2017, 05:21:08 AM
https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0



photos upload


Hope that Helps!!!
433  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC PRICE prediction on: May 10, 2017, 05:18:13 AM
I created a model on excel hope that helps.


photos upload

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0

You can calculate your mining earnings etc.
434  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 10, 2017, 05:12:09 AM
How do the pools setup work? why are there 3? does it switch?


 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.




I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.  

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.


me I just mine at 25% off the expected taxes I would have to pay on income I get off 100% off gross income ..again 25% off equipment in real $$$ saved I would have had to pay
the IRS...I just run them down to doorstops....it works quite well actually (2015 not so much) but still Smiley

so a 1370 may 15th order of 4 is (not including shipping I forget what that was) so say 1370 x 4 =   $5580.00 usd at 25% off is = $ 1370 savings x 75% ...so...in my case that is buy 4 get one FREE vs what I can mine out of them...I'm good Smiley and again legal miner USA paying income tax to IRS...but hell this works dandy Smiley

whatever...cost of doing business...if you can get the equipment at the right time and coin pumps that is Smiley

IT is not very complicated (ducks...hey don't throw stuff at me in the thread!)

 Dumb and lucky..sometimes it is just dumb and lucky wins the race Smiley





Yup Dumb and Lucky in my case. I am so glad I did sell it at 0.29499 LTC per Mh its back down to 0.25 LTC per Mh I can buy it all back cheaper almost 80% of the value I paid.

Naah going to stick with my initial assesment hedge your bets diversify and de-risk.

To make my decision on whether to sell the Hash Rate I created a Model on Excel here I will share it.

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0


photos upload

435  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 09, 2017, 11:38:35 PM
How do the pools setup work? why are there 3? does it switch?


 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.




I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.   

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.
436  Alternate cryptocurrencies / Mining (Altcoins) / Re: BITTAWMS L3+ 504MHS 800w - $3500 INC SHIPPING - MAY SHIPPING CONFIRMED on: May 09, 2017, 11:35:27 PM
really curious about the price levelling. I fully understand that the price will be higher to secure delivery, but 3 times higher?
Can you be more specific about this?

Present value interest factored. The sooner you have these miners before the difficulty skyrockets, more profits.
OP is justified in asking price. If you order from Bitmain now, you will receive Aug 1. I calculated 1.5 LTC per L3+ at current difficulty per day. At 29.30 per LTC, talking about close to $45 a day in gross profits. It only runs on 800w too.

Probably be $12 a day in August headed towards $8 a day by Oct.

I agree 100% I think by August you are looking at $12 per day, maybe lower if the Litecoin bubble pops and we go back to $20's or it could go to $100 per LTC lol... and lot of ppl are gonna make lots of $$$$
437  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ☑ [ANN] ☰ [ ICO 06|04|2017 ] ☰ Humaniq Discover the unbanked on: May 09, 2017, 12:49:19 AM
are the bounty distributed?why i do not find it in my eth address?

Humaniq is the premier ICO scam coin. Their grandiose/delusional views are not attainable for the foreseeable future and they know it!! Everything is discombobulated and their support is SUPER SKETCHY. They post corny photos of 3rd world people and use a nice web layout to draw in naive investors. Delisted coin in less than a year, calling it right now!

Great there is always a pump i am sure a lot of people are waiting for that pump just like Gnosis had.
438  Alternate cryptocurrencies / Mining (Altcoins) / Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner on: May 08, 2017, 06:19:28 PM
Hi again guys Smiley

Following this thread very closely!

Does anybody know if the bitmain PSU works with a UK plug/voltages passively?
Also, i have 1 miner coming in the July batch, but the price of lite coin seems to be steadily rising each day, what are people's thoughts on buying another ? do you think it's risky?

Thanks for the help in advance  Smiley

Its risky like anything since july is almost 85-90 days away.
439  Alternate cryptocurrencies / Mining (Altcoins) / Re: 6 GPU Mining Rig Restarts 6x RX 580 Gigabyte on: May 08, 2017, 04:35:31 PM
A lot of those HP PSU's won't do 1200W on 110v, they need higher voltage circuits, so they top out at 900W. With 5 x 580's on there with no undervolting you might be maxing out that HP PSU if it's plugged into a normal wall socket. It's just a guess!


Thanks I tried 1 RX 580 plugged into the PSU and even that restarts the system when miner starts?



Ah, so not a load issue.  Hmmm, not sure, I'll reply if any other ideas pop into my mind.


Thanks thats what I figured its not a load issue however the Board has 8 6pin to 6+2 Pin connector could it be that 1200w / 8 = 150w per connector is not enough  (to power RX 580) even when you plug in just 1?
440  Alternate cryptocurrencies / Mining (Altcoins) / Re: 6 GPU Mining Rig Restarts 6x RX 580 Gigabyte on: May 08, 2017, 04:25:08 PM
A lot of those HP PSU's won't do 1200W on 110v, they need higher voltage circuits, so they top out at 900W. With 5 x 580's on there with no undervolting you might be maxing out that HP PSU if it's plugged into a normal wall socket. It's just a guess!


Thanks I tried 1 RX 580 plugged into the PSU and even that restarts the system when miner starts?

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