Antminer L3+ payout only 19$ today?

[Lutze1171]

Hey, guys,

the payout has dropped rapidly in the last week, what is the reason?

greets

[leowonderful]

The price of all crypto dropped hard as a result of China shutting down some exchanges. Expect it to go down some more before all the exchanges close and selling stops a little bit.

[Lutze1171]

Do you expect things to get better?

[leowonderful]

Eh, probably not. From what I can tell there's little support anywhere near $3000 and $2500 is a goal point. LTC could easily drop to $35. While it won't be another 2 year bear market, the bulls have been euthanized.

LTC just hit a low of $32, $25 is now possible if we continue downwards on BTC.

[QuintLeo]

Two major factors.

 1) The big cryptocoin price DUMP of the past week, in response to the news out of China especially the BTC China announcement that they are shutting down ALL operations.

 2) New batch of L3+ (and possibly a batch of A4) got shipped and put online, bumping the diff up quite a bit.


 On the positive side, $3000 seems to have been the approximate bottom as long as no NEW negative news shows up.

 Perhaps someone pointed out to the Chinese Government how much foreign exchange Bitmain is bringing INTO the country, and that it would be a BAD THING to shut Bitcoin down in China....