Antminer L3 - 250mh - 400watt Scrypt miner coming soon

[QuintLeo]

alibaba is a marketplace somewhat similar to eBay, or what Amazon.com has turned into, NOT a specific company.

[vinylwasp]

The deal fell apart.  I couldn't find a way to protect the buyer.  They wanted wire transfer only, and I had no way of validating the person I was speaking with as being from the company he claimed to be.  So I had to terminate the discussion with them. 

I tried direct as well and here's the response I got from Bitmain Sales

"Sharif (Bitmain)
Jan 6, 01:01 CST
Hi,

We do not have L3 miners for sale now.

Please wait for updates - https://shop.bitmain.com/main.htm?lang=en
 
Always order products directly from our website: www.bitmain.com"

Looks like they've sold out B1.

[ps_jb]

I tried direct as well and here's the response I got from Bitmain Sales

"Sharif (Bitmain)
Jan 6, 01:01 CST
Hi,

We do not have L3 miners for sale now.

Please wait for updates - https://shop.bitmain.com/main.htm?lang=en
 
Always order products directly from our website: www.bitmain.com"

Looks like they've sold out B1.

Yes - they sold first batch completely from the plant.

There are several sites which will start shipping from 01/09 - majority of them are highly reputable.

Usually price is ~$1800 with delivery.

[Searing]

Here is the placeholder site on the China end. Just to show whats around there.

https://shop.bitmain.com/productDetail.htm?pid=00020161229040715306ygMSJQLh06C0

[edonkey]

If the price of 1.78 BTC is accurate, there's no hope of ROI.

The bitcoinwisdom calculator came up with over 1188 days with no end in sight (that's as far ahead as the calculator will show) with a 3% difficulty increase, 2% pool fee, 20 day delivery (who knows when they'll ship), and free electricity.

I guess anyone buying these have to be optimistic about the difficulty flattening some months down the road after the spike once the L3 is released. Also they'd have to be willing to trust that the L3 will be more reliable than the S9.

As much as I'm intrigued by the idea of the L3, I'll probably sit this one out.

[ps_jb]

If the price of 1.78 BTC is accurate, there's no hope of ROI.

The bitcoinwisdom calculator came up with over 1188 days with no end in sight (that's as far ahead as the calculator will show) with a 3% difficulty increase, 2% pool fee, 20 day delivery (who knows when they'll ship), and free electricity.

I guess anyone buying these have to be optimistic about the difficulty flattening some months down the road after the spike once the L3 is released. Also they'd have to be willing to trust that the L3 will be more reliable than the S9.

As much as I'm intrigued by the idea of the L3, I'll probably sit this one out.

Somehow you have a very significant systematic error in your calculations.

ROI is 290 days having an electricity price of 10c (US) - which is very good

[Longsnowsm]

The problem will likely be the flood of L3's coming online and the massive increase in difficulty.  Profitability is likely going to get squeezed pretty hard here. 

I am trying not to be negative, but I think we have already seen the precursor with the big spike recently that we thought was the A4's.  Most likely that was due to the L3's and not as much the A4's.  Just a wild guess on my part, but it certainly fits the time line.  Not sure that these miners will be profitable for very long.  I guess we will find out soon enough.

[ps_jb]

The problem will likely be the flood of L3's coming online and the massive increase in difficulty.  Profitability is likely going to get squeezed pretty hard here. 

I am trying not to be negative, but I think we have already seen the precursor with the big spike recently that we thought was the A4's.  Most likely that was due to the L3's and not as much the A4's.  Just a wild guess on my part, but it certainly fits the time line.  Not sure that these miners will be profitable for very long.  I guess we will find out soon enough.

There are at least 6 different coins with reasonably good profitability. My guess everybody will mine GAME and LTC, so difficulty spike will be with those coins.

Mainly miners will be purchased by Chinese.

So from reselling point - having miner in US and available for immediate shipping will allow to keep price on it very close to purchasing one.

[crackfoo]

If the price of 1.78 BTC is accurate, there's no hope of ROI.

The bitcoinwisdom calculator came up with over 1188 days with no end in sight (that's as far ahead as the calculator will show) with a 3% difficulty increase, 2% pool fee, 20 day delivery (who knows when they'll ship), and free electricity.

I guess anyone buying these have to be optimistic about the difficulty flattening some months down the road after the spike once the L3 is released. Also they'd have to be willing to trust that the L3 will be more reliable than the S9.

As much as I'm intrigued by the idea of the L3, I'll probably sit this one out.

hoping they are able to handle multipools and you're chances of ROI will be much better.

[Longsnowsm]

Miners should start arriving this week for people who ordered them.  So it is going to be an interesting week to watch what happens.  I second Crackfoo on this one.  If the L3's can run well on multipools it will help a lot to get ROI.  

[edonkey]

If the price of 1.78 BTC is accurate, there's no hope of ROI.

The bitcoinwisdom calculator came up with over 1188 days with no end in sight (that's as far ahead as the calculator will show) with a 3% difficulty increase, 2% pool fee, 20 day delivery (who knows when they'll ship), and free electricity.

I guess anyone buying these have to be optimistic about the difficulty flattening some months down the road after the spike once the L3 is released. Also they'd have to be willing to trust that the L3 will be more reliable than the S9.

As much as I'm intrigued by the idea of the L3, I'll probably sit this one out.

Somehow you have a very significant systematic error in your calculations.

ROI is 290 days having an electricity price of 10c (US) - which is very good

I used bitcoinwisdom.com's litecoin mining calculator. Just ran the numbers again and got the same answer.

[edonkey]

Miners should start arriving this week for people who ordered them.  So it is going to be an interesting week to watch what happens.  I second Crackfoo on this one.  If the L3's can run well on multipools it will help a lot to get ROI.  

Hopefully you two are right. But if history is any guide, I wouldn't count on it. I couldn't get my S9s to be reliable on any multipool.

[Longsnowsm]

Miners should start arriving this week for people who ordered them.  So it is going to be an interesting week to watch what happens.  I second Crackfoo on this one.  If the L3's can run well on multipools it will help a lot to get ROI.  

Hopefully you two are right. But if history is any guide, I wouldn't count on it. I couldn't get my S9s to be reliable on any multipool.

That may turn out to be an advantage for the A4's then.  The Batch 3 and upgraded B1/B2's are running fine on multcoin pools now.  So that may tip it in favor of the A4's.  We should start to hear of L3's showing up this week so it will be interesting to see what happens.  I am sure we will get some early reports here. 

[mindtrip]

I am hoping to see these listed for sale on the US site very soon 

[ps_jb]

I am hoping to see these listed for sale on the US site very soon 

They are - but the shipping is still going to be from China

[Deep In The Mines LLC]

Got some in today they are very quiet and only use about 370w per unit.





This is 3 units running.

[ps_jb]

Got some in today they are very quiet and only use about 370w per unit.

This is 3 units running.

Could you please make a separate topic with review? Smth like Phil did on Panda Miner?

Photos, setting up hardware, software
Pools
Stats

That will really help us!

[Longsnowsm]

Got some in today they are very quiet and only use about 370w per unit.





This is 3 units running.

This is great news!  Quiet, lower power than the 400w.  Sounds good.  How do they hash?  Tried them on a multicoin pool to see if they can handle the rapid shifts? 

[IIpeBeD_MeDBeD]

Nice.
L3 has the best ROI of all mining hardware at the moment.
best investment.

[QuintLeo]

If the price of 1.78 BTC is accurate, there's no hope of ROI.

The bitcoinwisdom calculator came up with over 1188 days with no end in sight (that's as far ahead as the calculator will show) with a 3% difficulty increase, 2% pool fee, 20 day delivery (who knows when they'll ship), and free electricity.

I guess anyone buying these have to be optimistic about the difficulty flattening some months down the road after the spike once the L3 is released. Also they'd have to be willing to trust that the L3 will be more reliable than the S9.

As much as I'm intrigued by the idea of the L3, I'll probably sit this one out.

Somehow you have a very significant systematic error in your calculations.

ROI is 290 days having an electricity price of 10c (US) - which is very good

I used bitcoinwisdom.com's litecoin mining calculator. Just ran the numbers again and got the same answer.

 What did each of you use for difficulty increase?

 That makes a HUGE difference in ROI calculations.