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Author Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner  (Read 284216 times)
BenRickert
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May 17, 2018, 10:23:39 PM
 #4241

Does anyone else have the idea that bitmain perhaps have to sell because they ordered too much from suppliers in advance? I got that idea from this
https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b
It is possible to make cheap miners if tons of orders are made in advance?
perhaps but fire sales and selling off used equipment and restocking their own farm with new next gen stuff, while raking in pre-order cash and driving up the difficuly, is bitmains specialty..

they have been doing that since the s3s..
Ding Ding Ding!! Sandal Hat....people have been telling you this in here for weeks now. Why can't you seem to comprehend this? It's really not that hard to see this is what's going on and has been.

One cant consider something factual without hard evidence. I am not saying they are selling used equipment. I am saying they have to receive huge miner orders that they placed before hand and sell.
When they sell miners at 450 usd and with a coupon, it cost like 250 usd, do they really make profit? lol
By "used" we are referring to Bitmain using them just off the assembly line. . They call it "testing". That has never been denied.

You only live once....if you do it right, once is enough.

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Searing
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May 18, 2018, 05:02:07 AM
 #4242

Just did the calcs at $130 LTC for my data hall use....

43c per day after elec/rent on L3+

hardly, encouraging in that 'supposedly' these are the best a consumer can get (can't believe the prices Bitmain still wants....for these)

oh well, it was fun while it lasted......

(now do I hold my BTC and LTC and alts or do I panic sell like a 12-year-old child....decisions, decisions......)

FML

brad

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May 18, 2018, 05:08:57 AM
 #4243

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!
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May 18, 2018, 05:12:44 AM
 #4244

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!

I resemble your pain....got 6 L3+'s about 6 weeks ago...thou....with the all the alt crypto I'm turning over to usd at least I can point to the IRS and say I'm a miner....see the pretty 6 L3+'s

I added to my hoard of miners for 2018!....god help me, I don't want the IRS to think I'm trading crypto...they really, really, hate those guys!

an't much, but 'self-delusion' is all I have left as I HODL.....(reality bites!) I should have someone start a pool for when I crack and sell it all.....ack!

FML

brad

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May 18, 2018, 08:27:40 AM
 #4245

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!

I resemble your pain....got 6 L3+'s about 6 weeks ago...thou....with the all the alt crypto I'm turning over to usd at least I can point to the IRS and say I'm a miner....see the pretty 6 L3+'s

I added to my hoard of miners for 2018!....god help me, I don't want the IRS to think I'm trading crypto...they really, really, hate those guys!

an't much, but 'self-delusion' is all I have left as I HODL.....(reality bites!) I should have someone start a pool for when I crack and sell it all.....ack!

FML

brad

Calm down bro.........we hodled through it before, we'll hodl through it again!

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May 18, 2018, 06:42:22 PM
 #4246

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!

I resemble your pain....got 6 L3+'s about 6 weeks ago...thou....with the all the alt crypto I'm turning over to usd at least I can point to the IRS and say I'm a miner....see the pretty 6 L3+'s

I added to my hoard of miners for 2018!....god help me, I don't want the IRS to think I'm trading crypto...they really, really, hate those guys!

an't much, but 'self-delusion' is all I have left as I HODL.....(reality bites!) I should have someone start a pool for when I crack and sell it all.....ack!

FML

brad

Yep, litecoin price doesnt increase but difficulty keeps increasing since bitmain sells cheap miners. If they really unveil a L4+ later, that will be the biggest kick in the arse lol.  And if litecoin price increase, cheap miners with quick delivery means the difficulty will increase again really quickly....this is why I didnt double down back then. The overcapacity is huge.

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May 18, 2018, 06:43:59 PM
 #4247

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!

I resemble your pain....got 6 L3+'s about 6 weeks ago...thou....with the all the alt crypto I'm turning over to usd at least I can point to the IRS and say I'm a miner....see the pretty 6 L3+'s

I added to my hoard of miners for 2018!....god help me, I don't want the IRS to think I'm trading crypto...they really, really, hate those guys!

an't much, but 'self-delusion' is all I have left as I HODL.....(reality bites!) I should have someone start a pool for when I crack and sell it all.....ack!

FML

brad

Calm down bro.........we hodled through it before, we'll hodl through it again!



Taj, u ever thought of running a hosting facility in your area? Lol.

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May 18, 2018, 07:02:08 PM
 #4248

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!

I resemble your pain....got 6 L3+'s about 6 weeks ago...thou....with the all the alt crypto I'm turning over to usd at least I can point to the IRS and say I'm a miner....see the pretty 6 L3+'s

I added to my hoard of miners for 2018!....god help me, I don't want the IRS to think I'm trading crypto...they really, really, hate those guys!

an't much, but 'self-delusion' is all I have left as I HODL.....(reality bites!) I should have someone start a pool for when I crack and sell it all.....ack!

FML

brad

Calm down bro.........we hodled through it before, we'll hodl through it again!



yeah....but I 'suspect' that if I sold my hoard of btc and ltc and used it for 'dubious women/travel/jet setting (whatever that is) and parties' I have been told (I don't have a life) that this very well

may 'overcome' the 'angst' of BTC and ALT's price drop...ie make it 'irrelevant' because you are out....All your crypto is sold.  I have no way to confirm this 'theory' in that being 'boring' allowed me to HODL

thus no idea WTF  they are talking about as an "improvement' if I sell btc or alts....on the other hand I have been told that when talking to 'exotic dancers' about  your BTC hoard and Alts

they become 'very tech' savvy...who'd a thunk it? Wonder what the connection is to that tech ..yeah, I'll probably HODL, if there was a time to 'whine' this is it....

Smiley


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May 18, 2018, 08:11:00 PM
 #4249

I see no evidence that the L5 is mining away in *large* quantities - note that the L3 and L3++ are still VERY profitable right now if you have low electric cost - but I'd bet Bitmain has at least some engineering test units working and probably have some early production units starting to replace their internal L3 usage, possibly even one full batch worth of such.
I'm still of the opinion that the current pricing on the L3 represents "fire sale old production before the new model is released" - even though that pricing really should not be as high as it is given currently profitablilty levels.

They're going to run into the "limit of production capacity available from TSMC" issue on an L5 though, since it's certainly not 28nm (where plenty of excess capacity exists) - though slowing sales of the S9/S9i should free up some capacity for L5 production.

There is also the possibility that they're going with Samsung for this round of Scrypt miner, since Samsung seems to still have some excess capacity despite Nvidia using Samsung to make a couple of their low-end GPU models.


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May 18, 2018, 09:18:36 PM
 #4250

Is it worth buying L3 + now? The price is right! Perhaps this indicates the imminent launch of a new more powerful miner for Scrypt

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May 18, 2018, 09:53:58 PM
 #4251

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!

I resemble your pain....got 6 L3+'s about 6 weeks ago...thou....with the all the alt crypto I'm turning over to usd at least I can point to the IRS and say I'm a miner....see the pretty 6 L3+'s

I added to my hoard of miners for 2018!....god help me, I don't want the IRS to think I'm trading crypto...they really, really, hate those guys!

an't much, but 'self-delusion' is all I have left as I HODL.....(reality bites!) I should have someone start a pool for when I crack and sell it all.....ack!

FML

brad

I sold out of nearly all my holdings in late 2017 and am currently in the re-accumulation phase.  I'm holding what I mine and am even buying additional chunks.  Goal is to cost average back into my initial position or more by the end of 2018.  I envision we will see 2-3x rise off the bottoms going into the 2019 halving.  Just not sure if that means we're going from 30-90, 50-150, 150-450, etc.  If my theory of coming back 2-3x off the bottoms is correct, buying or holding here would be ok as long as we don't go much below 50-75.  Of course, I really have no idea what I'm talking about so don't actually follow what I'm doing.
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May 18, 2018, 10:50:53 PM
 #4252

So.........I just got my first lot of 20 L3++

It seems that everyone was right. The L3 "++" is just an overclocked L3+........literally no difference in efficiency.

Bamboozled again!

I resemble your pain....got 6 L3+'s about 6 weeks ago...thou....with the all the alt crypto I'm turning over to usd at least I can point to the IRS and say I'm a miner....see the pretty 6 L3+'s

I added to my hoard of miners for 2018!....god help me, I don't want the IRS to think I'm trading crypto...they really, really, hate those guys!

an't much, but 'self-delusion' is all I have left as I HODL.....(reality bites!) I should have someone start a pool for when I crack and sell it all.....ack!

FML

brad

I sold out of nearly all my holdings in late 2017 and am currently in the re-accumulation phase.  I'm holding what I mine and am even buying additional chunks.  Goal is to cost average back into my initial position or more by the end of 2018.  I envision we will see 2-3x rise off the bottoms going into the 2019 halving.  Just not sure if that means we're going from 30-90, 50-150, 150-450, etc.  If my theory of coming back 2-3x off the bottoms is correct, buying or holding here would be ok as long as we don't go much below 50-75.  Of course, I really have no idea what I'm talking about so don't actually follow what I'm doing.


I keep telling myself the following fable: It goes like this: I retired 1/14/18 as my last day and 1/18/18 my official out the door. I currently am 63 years old. I had/have 3 choices

1) keep working at my suburban ghetto lifestyle 2) retire at same lifestyle with crypto till full retirement at 66 and stall all benefits till then 3) use my traditional lack of debt and traditional funds to do the same

Thus, IF all that crypto does for me is allow me to stall 3 years till full retirement using my traditional funds and social security it is win....

(or so I delude myself with) There is a fair chance I will be dead within the next 30 years. Thus if I don't man up and take a risk now...when?

So currently mining is probably kaput with the L3+'s by June 1st at this rate or so....kinda/sorta...so I will skim the alt hoard next to get by....but to say all is NOT going according to plan is an understatement

indeed...it is mt gox and BTC dump even OTC in such a manner dumping about 128 million BTC a month has to hurt (if I am reading chart link below correctly)

mt. gox watch

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

So...if it is a 'digestion problem' of BTC mt. gox dumps that effect all coins, including LTC, mining of any sort but ASIC makers data halls (equip at cost and low elec)

may be the only game in town for BTC and LTC at least...back to boutique ASIC's and hobby miners I guess.....

Anyway, L3+ is now at 500mh and 800 watts at $136 LTC is 56c a day...thus with ALL ASIC's Of ANY FLAVOR..... anyone less than and equipment mnfg may be in real trouble mining no matter what the

electric/hosting costs by the end of the year....mt. gox trustees still have 1.4 billion dollars in BTC to move...or about $215 million usd of btc, a month, to move if they want to wrap up the mt gox liquidation

by the end of the year....

oh well the L3+'s will make a nice ASIC wall....in the attic I guess.....good to have goals




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May 19, 2018, 06:55:01 AM
 #4253

And my Miners are officially not profitable anymore Cheesy

-21 cents per day on 4 machines. Let see what the next weeks bring, maybe I turn them off if the price drops further or diff keeps climbing like that.


And yes, I also believe we should face that L4 is real and hashing. I fully believe humanity is stupid in general, but I doubt we find that many idiots buying L3++ in the last couple of weeks, that we can rule out the existence of L4 and blame diff increase on them...

We cannot force people to stop buying roster from bitmain, some people out there have different mindset from ours
Also bitmain will keep "playing" with the unit price

There is no shortcut for income, and mining with asic is a very very risky business especially for small miner


Of course, I am also crying on a first world problem lol My miners are from Batch 2/3 from last year. They paid off in crypto long time ago, but whatever mindset people have, even in the last 2 weeks or 4 weeks, calculators were showing 1year + ROI or something. Who would buy if you risk running over MC=MR

I doubt people with enough money to buy big are that careless with their moeny Cheesy


Did u check the price of Litecoin when u purchase your machines and the price of litecoin when u have broken even on your machine?

Because in general, the coin price has gotten alot more gain than the amount earned from mining. The coin price has probably risen a few times more lol. The worst is ether. U mine for 6 months to a year and break even but heck, the coin price risen more than 10 times in that period lol. Holding makes alot more. Ether was around 20 bucks in early 2017 if i remember right.

For example, if u bought say a bitcoin machine 2 months back, u would have gotten about a 16% return by now. But, if u just bought bitcoin at 5k+ and 6k+, an avg of around 6k, at current 8.4k price, u would have gotten a 40% return from holding. Thats 24% more. With this excess, u can buy all those mining purchase and have 24% extra money lol. And if price stagnates here, I reckon the ever rising mining difficulty will rise so much that the profit per month from mining will be very little anyways. And then the equipment price could go down, leading to increase in sales and huge increase in mining difficulty,etc.

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May 19, 2018, 01:40:42 PM
 #4254

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

You only live once....if you do it right, once is enough.

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May 19, 2018, 02:55:18 PM
 #4255

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

If you dont have faith in the sector then you shouldnt invest in the sector. I would be willing to take a loss today for what I think the future price of LTC will be in 3 years. Sure a healthy amount of skepticism is necessary but to think that you make a better decision by cashing out now rather than wait for the next spike is pure and utter foolishness.
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May 19, 2018, 08:48:12 PM
 #4256

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

When BTC was at $18,000, u will be buying S9 at 7000 USD on ebay. U will not be able to buy it at 2.2k lol.
The only possible way your machine can pay itself in 2-3 months is if btc price rise 3 times in 2-3 months lol.

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May 19, 2018, 08:58:26 PM
 #4257

at the moment the best option is to mine and store. If there is something to live on and what to pay for electricity.
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May 20, 2018, 04:03:24 AM
 #4258

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

When BTC was at $18,000, u will be buying S9 at 7000 USD on ebay. U will not be able to buy it at 2.2k lol.
The only possible way your machine can pay itself in 2-3 months is if btc price rise 3 times in 2-3 months lol.
Only an idiot buys ASIC on EBay or Amazon. LOL. You’re obviously an amateur and you have very little understanding of this game. LOL You should really stop giving advice to people. I see you on several posts proving that you struggle with the reality of the mining world. LOL.

You only live once....if you do it right, once is enough.

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May 20, 2018, 04:12:22 AM
 #4259

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

If you dont have faith in the sector then you shouldnt invest in the sector. I would be willing to take a loss today for what I think the future price of LTC will be in 3 years. Sure a healthy amount of skepticism is necessary but to think that you make a better decision by cashing out now rather than wait for the next spike is pure and utter foolishness.
You’re an idiot. I sold BTC from 18K to 12k and bought it from 6.5k up to 8k. I’m a miner and I hedge my positions for yield enhancement just like any “natural Long” in any commodity. I write options, do swaps, initiate collars, trade risk reversals and conversions. I even sell naked puts if the extrinsic premium is attractive. To just hold things out of some altruistic knee jerk ideology is fucking ignorant. You keep living that dream though. Intelligent people need fodder like you to feed their bottom line. 

You only live once....if you do it right, once is enough.

 Excellent FAQ for Lightning Network https://medium.com/@AudunGulbrands1/lightning-faq-67bd2b957d70
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May 20, 2018, 04:24:20 AM
 #4260

at the moment the best option is to mine and store. If there is something to live on and what to pay for electricity.

I may be losing the faith on even that...the mining and storing of LTC (I have a hoard of LTC already....)

www.litecoinpool.org/calc Litecoinpool is a FREE no fee pool and pays out at 101%. This calculator reflects the 101% payout. FYI.

As an example at 8000mh and 12,600 watts at the present difficulty, I make (below) on 22 Bitmain units in a data hall.

Of the above 22 units...all but 6 have ROI'd and of the 6 I need at my tax rate with equip deduction to get 1/4 of value back to break even on the 6 units.

(yeah, that ain't looking likely)


So $8.57 per day for the works above.

or

$257.17 a MONTH....after the ELECTRIC COSTS OF $1,290.24! (did I mention this Bitmain Unit (so far) as a consumer version the best

you can get at this time for speed/price and availability?) So OBVIOUSLY, the above is not gonna last long, if current difficulty increases...

and prices of LTC do not come around and reflect on this reality to save pow-scrypt and LTC mining...looking grim...


24 hours   0.38207531 LTC   51.58 USD   43.01 USD   8.57 USD
7 days   2.67452719 LTC   361.06 USD   301.06 USD   60.01 USD
30 days   11.46225938 LTC   1547.41 USD   1290.24 USD   257.17 USD


The above is the setup to get to my main point...NOTICE at $257.17 a month that comes out to $135 LTC divided by $257.17 = 1.905 LTC

yech...that is a lot of work on hoping for a pump on 1.905 LTC (sorry spoiled mining LTC and such since 2014....hurts my eyes)

thus I MAY (hearsay....for LTC thread) mine my above $257.17 and say get LISK with it again (hearsay again LTC thread) at $10 each at

least I'd be holding some numbers (25.717 LISK) and it is a POS coin that stakes me some back...

If I'm gonna mine to HODL...and have LTC not sure if mining and HODL'ing at 1.905 LTC (tied as it is to BTC and mt. gox dumping) would improve

my day any....so maybe, the next 2 months if it all dries up for scrypt-pow mining I may 'dabble' in converting my mining after electric to other

alts for the heck of it....at least I would have the 'illusion' on a bit of coin ....numbers wise that is Smiley

Again, spoiled from what I used to mine for LTC....starting to not see the point of the miners being on ..if this continues (price depressed and

difficulty up) and I'm out by July 4th, 2018 Smiley






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