MachineZero
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mcrypt.com domain 4sale 20BTC
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June 17, 2017, 05:27:21 AM |
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Not an accurate statement. You'd need to look at the value at the time of receipt and/or spent. As well as market value of current unspent balance (which is still rather significant since there are thousands of public companies that don't have that cash on their balance sheets) |
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Longsnowsm (OP)
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June 17, 2017, 02:04:19 PM |
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This is actually quite a topic of debate/discussion that has been going on for quite some time. I think if you search back through the many forum threads on previous miners that Bitmain has sold this subject seems to come up a lot. I believe if you dig through some of those threads you will find that this Bitmain address has been used for a long time, they always show a lot of transactions and large balances. They apparently use this account for a lot of things and is not very insightful into the number of miners sold etc. So while I have no doubt that Bitmain is pumping these miners out like toasters I don't think you can use the btc address as a measuring stick. I saw this topic come up in the S9 thread, and in others as everyone is worried about their investment in miners and how many Bitmain is selling. It is a valid concern, but I am not sure you are going to get a great deal of insight from watching the btc address as it appears to be used for other things as well. Clearly it is a good time to be Bitmain!  |
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GMPoison
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June 18, 2017, 04:43:37 AM |
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This is actually quite a topic of debate/discussion that has been going on for quite some time. I think if you search back through the many forum threads on previous miners that Bitmain has sold this subject seems to come up a lot. I believe if you dig through some of those threads you will find that this Bitmain address has been used for a long time, they always show a lot of transactions and large balances. They apparently use this account for a lot of things and is not very insightful into the number of miners sold etc. So while I have no doubt that Bitmain is pumping these miners out like toasters I don't think you can use the btc address as a measuring stick. I saw this topic come up in the S9 thread, and in others as everyone is worried about their investment in miners and how many Bitmain is selling. It is a valid concern, but I am not sure you are going to get a great deal of insight from watching the btc address as it appears to be used for other things as well. Clearly it is a good time to be Bitmain! Good time to be anyone that's mining LTC  |
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Longsnowsm (OP)
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June 20, 2017, 01:15:24 PM |
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Pray that nothing happens to your miners that requires Bitmain to help you. Just a very quick follow up on my ongoing(yes STILL ongoing nightmare) with Bitmain. After all of this time I STILL have an L3 down due to a failed controller board. It took them 1.5 months to process my returned controller, and send it back to me. And it will not BOOT.
I contact Bitmain again and now I have lost my cool, my patience is worn out. They have me run some "tests" and then tell me to send the board back again. I suggested they just sell me a BB card and lets call it done. No more month long delays and costs. They then suggested I just request the part and they would mail it to me. Great... Well guess what? We didn't buy the L3's through Bitmain. So your order is not in the system so you cannot request the replacement parts.
I explained the situation and now they tell me to send the entire miner back to Eastshore for warranty... Now I am just furious with these people. FURIOUS! I didn't go the "warranty" route for this very reason to begin with. I send the part off to Bitmain directly as an out of warranty repair, Bitmain fixes it, I send Eastshore the bill and they reimburse me for the repair. Should be simple right?
For all you people who have been "lucky" enough to send something back to Bitmain and they actually did the job and you got back something that worked you should be thanking GOD that worked out for you. The time this L3 has been down I could have ROI'd this miner. Instead I have had at least 1, sometimes 2 of the L3's down almost the entire time since I bought them due to hash boards and failed controllers.
This has been nothing but an absolute nightmare that will not end. At this point I don't know if I will ever get this L3 back online. All for a simple Beagle Bone Black board with Bitmain firmware on it... They have intentionally stripped down this board so you can't just reflash it yourself so you are at the mercy of this company.
At this point I will likely be forced to send back the controller yet again at this point, wait for another 1.5 months for them to process and send me back something that doesn't work. Once you enter this level of HELL with Bitmain I don't think you can get out...
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vinylwasp
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Activity: 97
Merit: 10
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June 21, 2017, 04:16:59 AM |
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Pray that nothing happens to your miners that requires Bitmain to help you. Just a very quick follow up on my ongoing(yes STILL ongoing nightmare) with Bitmain. After all of this time I STILL have an L3 down due to a failed controller board. It took them 1.5 months to process my returned controller, and send it back to me. And it will not BOOT.
I contact Bitmain again and now I have lost my cool, my patience is worn out. They have me run some "tests" and then tell me to send the board back again. I suggested they just sell me a BB card and lets call it done. No more month long delays and costs. They then suggested I just request the part and they would mail it to me. Great... Well guess what? We didn't buy the L3's through Bitmain. So your order is not in the system so you cannot request the replacement parts.
I explained the situation and now they tell me to send the entire miner back to Eastshore for warranty... Now I am just furious with these people. FURIOUS! I didn't go the "warranty" route for this very reason to begin with. I send the part off to Bitmain directly as an out of warranty repair, Bitmain fixes it, I send Eastshore the bill and they reimburse me for the repair. Should be simple right?
For all you people who have been "lucky" enough to send something back to Bitmain and they actually did the job and you got back something that worked you should be thanking GOD that worked out for you. The time this L3 has been down I could have ROI'd this miner. Instead I have had at least 1, sometimes 2 of the L3's down almost the entire time since I bought them due to hash boards and failed controllers.
This has been nothing but an absolute nightmare that will not end. At this point I don't know if I will ever get this L3 back online. All for a simple Beagle Bone Black board with Bitmain firmware on it... They have intentionally stripped down this board so you can't just reflash it yourself so you are at the mercy of this company.
At this point I will likely be forced to send back the controller yet again at this point, wait for another 1.5 months for them to process and send me back something that doesn't work. Once you enter this level of HELL with Bitmain I don't think you can get out...
Dang, that's one hell of a cautionary tale Longsnowsm. I looked at the lead time to delivery of the last few batches of L3+s and your issues, and decided to buy a few more A4's in early May. Given the profits over the last 2 months, the extra few % I spend on power seems a pittance for getting them up and running quickly and the rock solid reliability they deliver. I have them hosted about 5 miles from where I live in a building I rent, and I only visit them about once a month now to check the air filters. Some have been up for 4 months or more since I rebooted them last. I sleep well and just watch the coins roll in. Hope you managed to get your board sorted. |
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titanminer
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June 21, 2017, 01:47:26 PM |
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the next batch of l3+ is now shipping out in September. My guess is they will be spitting these out like the btc miner's month after month and they are accepting LTC as payment now LOL  I know this isn't good for us miners due to difficulty but we should be happy that LTC is getting the attention it deserves and its on the COME UP! Longsnowsm sorry to hear your still going back and forth with bitmain and that they are shoving you off to Eastshore once again! much appreciated on the update, HANG IN THERE HOMEZ! |
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Sr.Urbanist
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June 25, 2017, 06:21:12 AM |
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I ordered one from the September batch earlier this month. I'm glad I did because they have increased the price of the miners. I went to buy a PSU and thought, nah ..., I'll do it tomorrow. They were sold out. I'm looking forward to getting one. Where it seems the S9s are not going to get more efficient without going to an oil cooled system and the difficulty is raising quickly, this provides another option. I can't wait to get the L3+ plugged in and running. Not sure if I'll get another S9 or L3+ for my next purchase. I'm also looking at the Baikal. Any L3+ users in this thread? EDIT: I was reading the wrong page when posted. Pray that nothing happens to your miners that requires Bitmain to help you. Just a very quick follow up on my ongoing(yes STILL ongoing nightmare) with Bitmain. After all of this time I STILL have an L3 down due to a failed controller board. It took them 1.5 months to process my returned controller, and send it back to me. And it will not BOOT. Oh boy. Is anybody else having issues with the L3+? |
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Longsnowsm (OP)
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June 25, 2017, 01:18:58 PM |
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It sounds like they have ironed out the problems we have with the L3 in the L3+. I haven't heard a lot of people saying anything about failing hash boards or controllers so far with the L3+. Maybe they sorted out the fans and heat issue with the L3+ to keep them stable. I don't have any L3+ yet to report how they are doing.
Lots of people in this thread have the L3+ that can chime in on what they are seeing.
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Maxumark
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June 25, 2017, 04:25:31 PM |
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The L3+ is the new King of Scrypt and will be into 2018, possibly into the next LTC halving in 8/2019. The KNC Titans held the title as King of Scrypt for about 2.5 years until the L3+ was released and at the moment are they are still running strong. The L3+ runs like a KNC Titan on steroids at 160% of the Titan hashrate, sipping the electricity at 64% of a Titans consumption, and 100% less babysitting and burnt connectors than a Titan. |
Mining LTC and other alts since 2014 when I thought I missed the BTC train.
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guigsa
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June 25, 2017, 04:37:57 PM |
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I have cost of $0.15/kWh in my own Datacenter in Brazil (including cooling). Calculators are giving less than 2 months to payback.
Should I invest in the Antminer L3+? How long do you think it will stays profitable? Can I think long term?
I am a total newbie to mining, are there any instructions on how to set up this thing?
Thanks.
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GMPoison
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June 25, 2017, 08:01:37 PM |
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I have cost of $0.15/kWh in my own Datacenter in Brazil (including cooling). Calculators are giving less than 2 months to payback.
Should I invest in the Antminer L3+? How long do you think it will stays profitable? Can I think long term?
I am a total newbie to mining, are there any instructions on how to set up this thing?
Thanks.
You're right, if you plug the numbers into a mining calculator the L3+ is extremely profitable. Like you said, under 2 months for you to hit ROI even with a $0.15/kWh electricity rate. What you have to do is believe that the price of LTC will rise when these are released because the difficulty will when people start firing them up. I believe it will with everything happening with altcoins and litecoin specifically, so I'm going to buy the L3+. |
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MachineZero
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Activity: 217
Merit: 100
mcrypt.com domain 4sale 20BTC
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June 26, 2017, 05:41:32 AM |
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I have cost of $0.15/kWh in my own Datacenter in Brazil (including cooling). Calculators are giving less than 2 months to payback.
Should I invest in the Antminer L3+? How long do you think it will stays profitable? Can I think long term?
I am a total newbie to mining, are there any instructions on how to set up this thing?
Thanks.
Order now and your 2 month period payback is over, but you still have to wait 1 more month for payback day one to begin. Don't assume payback calc will have same numbers when you receive. |
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tw0rak
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June 26, 2017, 07:33:02 AM |
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I have cost of $0.15/kWh in my own Datacenter in Brazil (including cooling). Calculators are giving less than 2 months to payback.
Should I invest in the Antminer L3+? How long do you think it will stays profitable? Can I think long term?
I am a total newbie to mining, are there any instructions on how to set up this thing?
Thanks.
Order now and your 2 month period payback is over, but you still have to wait 1 more month for payback day one to begin. Don't assume payback calc will have same numbers when you receive. Those numbers deffinitely going to change... But nobody knows the direction... When I ordered the May 22th batch (in April) Ive calculated with numbers: LTC=20USD, BTC=1300USD. Estimated ROI 2 - 2,5 month... Mmmm what a nice surprise - miner comes and LTC was 30USD and BTC 2200. ROI 1,5 month... Could happen again, but could be complete opposite. What a beautifull game |
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tw0rak
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June 27, 2017, 05:04:58 AM |
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Everytime Antminer L3+ is SoldOut at Bitmains Im thinking if they are stopping the sale tempoary or really somebody bought all units for sale at that date.
If its the second option Im thinking it was such a good deal and one needs to have some of those units.
It was said here before - its a gold mine at the time. Wish to have more of them...
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titanminer
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June 28, 2017, 08:05:00 AM |
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Could some one explain the difficulty on pools, I've noticed that one day I'm making more and the next I'm making less and it has nothing to do with the pools hashing power. :S
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kurbeks
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June 28, 2017, 01:34:00 PM |
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Higher the difficulty less you make with same hashrate.
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wheelz1200
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Merit: 1407
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June 28, 2017, 03:24:32 PM |
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Could some one explain the difficulty on pools, I've noticed that one day I'm making more and the next I'm making less and it has nothing to do with the pools hashing power. :S
The difficulty is on that specific coins network difficulty. The pools hashpower is just a percentage of that coins total network. The pool can stay the same but another pool might add more hashpower thus lowering your pools total percentage of said coins network....thus lowering your expected returns. Also mining is also luck based on any particular day, over time law of averages should play out. |
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titanminer
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June 28, 2017, 03:58:06 PM |
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The difficulty is on that specific coins network difficulty. The pools hashpower is just a percentage of that coins total network. The pool can stay the same but another pool might add more hashpower thus lowering your pools total percentage of said coins network....thus lowering your expected returns. Also mining is also luck based on any particular day, over time law of averages should play out.
Sorry guys let me rephrase that question.. One day I will be making less and the next day I will be making more? My understanding was that once the differculty level has been reached its doesn't decrease hench why I'm confused on how my payouts have increased.
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kurbeks
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June 28, 2017, 06:50:15 PM |
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Depending on coin difficulty is getting adjusted after set period of each coin. For some it's after each block block for some like Bitcoin it's after 10 days or so. So if in period minning hashrate has increased then diffiiculty increase, if decreses then difficulty decreses. As to correct difficulty for average block time.
Also your payouts depend on luck. Your pool might be lucky or unlucky finding blocks.
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madmartyk
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Yes I am a pirate, 300 years too late!
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June 28, 2017, 06:51:54 PM |
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Depending on coin difficulty is getting adjusted after set period of each coin. For some it's after each block block for some like Bitcoin it's after 10 days or so. So if in period minning hashrate has increased then diffiiculty increase, if decreses then difficulty decreses. As to correct difficulty for average block time.
Also your payouts depend on luck. Your pool might be lucky or unlucky finding blocks.
also if the pool hashrate goes down, and the pool finds a block you'll get paid more. |
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