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  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 and again legal miner USA paying income tax to IRS...but hell this works dandy whatever...cost of doing business...if you can get the equipment at the right time and coin pumps that is 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 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 |
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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. |
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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 $$$$ |
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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. |
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Hi again guys 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 Its risky like anything since july is almost 85-90 days away. |
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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? |
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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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Hey Guys, I see if we can collective solve the issue that I am having. Rig Specs 1 600W Thermaltek PSU for MOBO and 1 GPU 1 1200 HP DPS 1200FB 94% platinum powersupply with 6-xrev Adapter 8 6pin to 6+2(pin) cables. 1 Gigabyte 990FXA UD3 REv5 1 Sempron Processor 6x RX580 4gb gigabyte  best image uploading site best image uploading siteHere is the issue 1 gpu works fine with thermaltake and I stress tested it for 24 hours. When I plug in other 5 [I have tried doing 1 at a time checked risers cables etc] the miner restarts. so as soon as i switch to 2 GPU [1 on thermaltake and 1 on 1200W PSU] the system restarts as soon as miner starts. Let me know your thoughts could it be related to GPU not getting enough power from the HP 1200w psu? Thank you. |
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So is anyone buying the July batch of the L3+?
Im very tempted on the one hand... but the other hand reminds me that the difficulty is going to savage by delivery date
Furthermore, BitMain are likely to be developing a new generation of ltc miners.. and just as the S3, S5, S7 and S9 each superseded and made obsolete its predecessor, the July batch is closer to any next gen ltc miner BitMain may release
Nope I am personally staying away. it would have bee better to buy the LTC @ $4 or $8 |
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If you have bought an L3+ on hashnest, what is the point of selling the MHs on that market thing?
Lock in your revenue incase LTC/BTC drops you can get paid. and lock it in for 1 month or higher. Not sure I understand what you mean, could you elaborate? So right now 1 mh/s is selling for 0.29 LTC on hashnest marketplace so technically you can sell your 220Mh/s out of 504 Mh/s to cover your initial 70-75 LTC cost of miner and get 300Mh/s for free. Its win win. |
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What are you guys that got the new L3 mining per day? Is it still worth buying one?
Only available option is either ebay or july delivery either way you will pay too much on ebay and if you can wait till july but difficulty will for surely rise that it will be very difficult to make your money back. Its a gamble just like everything in cryptos. |
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If you have bought an L3+ on hashnest, what is the point of selling the MHs on that market thing?
Lock in your revenue incase LTC/BTC drops you can get paid. and lock it in for 1 month or higher. |
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I have spoken to few of my sources in china [specifically shenzen area] and they all seem to confirm that with mining of Litecoin since August of last year and selling additional pre-orders of L3+ Bitmain is in process of increasing or is close to producing 10k units of L3+ on ongoing basis.
So we are looking at 5TH/s capacity to be added on a monthly basis, can any one else confirm the following information?
End of May looking at 10Th/s on LTC with difficulty of 400k
June :15 Th/s 600k
July: 20TH/s 798-800K
Does the number seem plausible to every one? Please Let us know.
Thank you,
This would be a complete disaster if they did this. I hope for everyones sake, including their own this isnt the case. They will destroy mining scrypt as we know it. they don't care they know they will make there money upfront in 2 ways #1 mine the machines before they sell it to us at a premium and than #2 collect additional BTC and LTC when they sell us the used machines.Pure Genius I think i am going to swear off on ASICs based mining coins like BTC, LTC and Dash time to focus on Ethereum based GPU mining |
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BITMAIN's L3+ plans sound like a call option on LTC segwit. I think if BITMAIN is trying to build a crypto empire, LTC segwit is a way to go.
+1 I think with ethereum Bitmain realized they might be losing there grip on cryptos so they brought Litecoin back in play with segwit activation. I agree i think Bitmain is diversifying from BTC to LTC in a big way. |
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...apparently the Fedex guy didn't knock or ring and just left a no one home note...
Fedex pulls that shit all the time. UPS > fedex all the time. Not where I am my fedex guy always knocks and if its a lady fedex driver she delivers all the way to my bedroom....   |
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The creator of LTC spoke with owner of Bitmain and they claimed last month to only have 2x of the current hashrate of chips.
Back then the difficulty was 2.5TH/s or so, so they have about 5.0TH/s worth of chips.
However price went up since then and they might of put more in production since it makes more sense mining LTC now then BTC.
So @ minimal we know they are going to push up network rate all the way to 7.5Th/s that was back in Jan/Feb I just can't imagine they been seating idly by or just stop producing any more scrypt Asic chips. So In my assesment its worst that we think we may even see higher numbers. Makes it very difficult for miners to get repayed unless LTC price keeps going up. |
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Just received mine, can't open it right now, box is in good shape but sounds like something rattling around inside.
...hope its not damaged.
Going to do a full inspection later after I put some fires out
if its broken please ship it to me @ $1299.99 lol i will deal with all the headaches... |
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I have spoken to few of my sources in china [specifically shenzen area] and they all seem to confirm that with mining of Litecoin since August of last year and selling additional pre-orders of L3+ Bitmain is in process of increasing or is close to producing 10k units of L3+ on ongoing basis.
So we are looking at 5TH/s capacity to be added on a monthly basis, can any one else confirm the following information?
End of May looking at 10Th/s on LTC with difficulty of 400k
June :15 Th/s 600k
July: 20TH/s 798-800K
Does the number seem plausible to every one? Please Let us know.
Thank you,
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