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Author Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner  (Read 284216 times)
Sandal_Hat
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May 20, 2018, 07:41:32 AM
 #4261

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.

LOL? U should stop talking nonsense. When BTC was 18,000, u cant buy it at bitmain. It gets DDOSed and sold out in 5 seconds. Alot of us tried.

lol stooping to a personal attack. Well, dont make stuff up next time. The mining world is small to me and majority of my assets, by far, are elsewhere lol. And wat u mean by cant make it. This is simple simple plug and play stuff haha. Anyone who can calculate would realize they made more by holding than mining by far simply because difficulty increases alot more than price.

Bitcoin/Litecoin/Ethereum was around 450/4/12 dollars in jan 2017. Just buy and hold since then means u make around 18x, 30x and 57x profit. Not possible to make this much by mining even with free electricity.

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Goool
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May 20, 2018, 01:15:46 PM
 #4262

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........
BenRickert
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May 20, 2018, 01:15:55 PM
 #4263

So...you think that if you buy BTC at 18,000 and Just hold it for 5 months while it goes down to 6500 you’re making money??  Are you for real or just trolling your ass off? You’re posting complete nonsense. You have literally NO idea what you’re talking about.

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

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May 20, 2018, 01:22:30 PM
 #4264

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.

LOL? U should stop talking nonsense. When BTC was 18,000, u cant buy it at bitmain. It gets DDOSed and sold out in 5 seconds. Alot of us tried.

lol stooping to a personal attack. Well, dont make stuff up next time. The mining world is small to me and majority of my assets, by far, are elsewhere lol. And wat u mean by cant make it. This is simple simple plug and play stuff haha. Anyone who can calculate would realize they made more by holding than mining by far simply because difficulty increases alot more than price.

Bitcoin/Litecoin/Ethereum was around 450/4/12 dollars in jan 2017. Just buy and hold since then means u make around 18x, 30x and 57x profit. Not possible to make this much by mining even with free electricity.
Okay now for your next math question. Which person made more money. The person that bought BTC at 10,000 and “held it, or the miner ( me ) who sold what he owned at 18k 17k 16k 15k, short d BTC in futures at 14k bought back and got long at 7k sold at 10.5K bought again at 8.2k? Just sitting and holding extremely volatile assets is just plain stupid. Learn to trade, or at the very least do simple hedging. Most people in this space are like little children. Go ahead, get your calculator.

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

 Excellent FAQ for Lightning Network https://medium.com/@AudunGulbrands1/lightning-faq-67bd2b957d70
Sandal_Hat
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May 20, 2018, 06:21:13 PM
Last edit: May 20, 2018, 07:30:05 PM by Sandal_Hat
 #4265

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.

LOL? U should stop talking nonsense. When BTC was 18,000, u cant buy it at bitmain. It gets DDOSed and sold out in 5 seconds. Alot of us tried.

lol stooping to a personal attack. Well, dont make stuff up next time. The mining world is small to me and majority of my assets, by far, are elsewhere lol. And wat u mean by cant make it. This is simple simple plug and play stuff haha. Anyone who can calculate would realize they made more by holding than mining by far simply because difficulty increases alot more than price.

Bitcoin/Litecoin/Ethereum was around 450/4/12 dollars in jan 2017. Just buy and hold since then means u make around 18x, 30x and 57x profit. Not possible to make this much by mining even with free electricity.
Okay now for your next math question. Which person made more money. The person that bought BTC at 10,000 and “held it, or the miner ( me ) who sold what he owned at 18k 17k 16k 15k, short d BTC in futures at 14k bought back and got long at 7k sold at 10.5K bought again at 8.2k? Just sitting and holding extremely volatile assets is just plain stupid. Learn to trade, or at the very least do simple hedging. Most people in this space are like little children. Go ahead, get your calculator.

This doesnt have anything to do with your first post regarding mining vs holding coins. Hmmm u are suddenly claiming to be a trading genius lol. Unrelated and I dunno where that came from. Your first post was already impossible. When btc was at 18k, and if u bought the S9 then, the S9 would cost 7k. U would then lose more than if u had just bought btc at 18k and held it till current 8.3k btc price. Your btc devalues by about 55% but your S9 miner devalues in the 90% range lol. The btc mined wont come close to plugging the gap. Simply put, mining then has been more risky and less profitable than holding the underlying. And your claim is unsubstantiated and makes no sense. If one could be a trading genius, they would not mine any btc. Why? Because there will make many times more money trading than mining lol. This is especially the case considering how volatile btc is.

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
Sandal_Hat
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May 20, 2018, 06:27:53 PM
 #4266

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........


Hmmm relax. Lets hope no L4 appears. Pumping occurs and flooding ends once bitmain sells whatever amount they need to sell. Cross fingers*

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
Searing
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May 20, 2018, 06:39:52 PM
 #4267

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........


well...if they come out with the 'supposed' 1.5gh 400 watt scrypt-pow miner and then do the usual ...mine it for 4-5 months on their own

then allow pre-orders that arrive say Sept/Oct..you will know that this was again an evil plot by Bitmain...because if such is the case

1) they will be the only one's mining with their prob (at worst) 20% cost per unit and low electric costs....every other scrypt-pow miner will be blown out

and no longer make anything past the L3+ over electric...ie ...electric will be more to run an L3+ then it makes...


2) After 'clearing the decks' as it was ...and after blowing difficulty of scyrypt-pow and/or LTC up to a point where NO ONE else can mine LTC say....

that means that anyone wanting to mine scrypt-pow or specifically LTC ...would have to start over and buy say, this likely overpriced 1.5gh 400 watt

product in the fall, that means if you want to mine scrypt-pow you'd be locked into a pre-order and completely at Bitmain's mercy again on if/when

they shoot them out like toasters again and repeat the above process....rinse/wash/repeat

we will see,

bitmain could claim..they had the say supposed 1.5gh 400 watt units in the works before the LTC price dumped etc....does not matter....with their

monopoly...even if that is the case..the above still works in their favor...at their size, there is no way they can lose..no matter what the market

conditions at this point in time

thus that means: Searing = Hobby Miner of a couple units in the basement ....again...(good to be put in my place....keeps me humble) Sad


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Buyingallcoinsz
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May 20, 2018, 07:02:40 PM
 #4268


My tin foil hat theory is that they are going to start cranking these out every 2-3 months and its going to drive difficulty sky high which will make these prices that seem crazy low now, more sensible later. Alternatively they may be trying to corner market and shut out Innosilicon by undercutting to drive business, maybe these first offerings are a loss leader to drive attention
Goool
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May 20, 2018, 07:11:39 PM
 #4269

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........


Hmmm relax. Lets hope no L4 appears. Pumping occurs and flooding ends once bitmain sells whatever amount they need to sell. Cross fingers*

If it will appear L4 = proper scam !
suchmoon
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May 20, 2018, 07:36:26 PM
 #4270

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

Lay off the red. If you bought L3+ expecting Bitmain to pump LTC to $600 you'd have been better off just buying LTC.


Goool
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May 20, 2018, 07:53:57 PM
 #4271

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

Lay off the red. If you bought L3+ expecting Bitmain to pump LTC to $600 you'd have been better off just buying LTC.



Do I look a guy that bought L3+ ? Lol you could see what would happened since last Summer .....
All bitmain products are waste of money..... Coins pumps are more profitable .... Look at BCH ...
QuintLeo
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May 20, 2018, 08:59:20 PM
 #4272


well...if they come out with the 'supposed' 1.5gh 400 watt scrypt-pow miner and then do the usual ...mine it for 4-5 months on their own


1300 watt per one rumor, as I recall - my own estimate was closer to 1kw, there is NO WAY they're going to manage 400 watts for that hashrate with current technology.

I'm not sure if they could manage it with 7nn/10nm tech when that gets widely available.


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Searing
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May 20, 2018, 10:33:22 PM
 #4273


well...if they come out with the 'supposed' 1.5gh 400 watt scrypt-pow miner and then do the usual ...mine it for 4-5 months on their own


1300 watt per one rumor, as I recall - my own estimate was closer to 1kw, there is NO WAY they're going to manage 400 watts for that hashrate with current technology.

I'm not sure if they could manage it with 7nn/10nm tech when that gets widely available.



Well, if Bitmain has NOTHING at all in the works besides the L3+ (making for me 51c per day after electric) ...again, if they have NOTHING newer

then Bitmain is in a world of hurt like the rest of us...(how likely is that?)

IF they do have such units at 1.5gh and 400 watts (or whatever) they can blow us all out of the water, current generation pow-scrypt miners, mine

all summer for themselves and then OFFER over the summer, as the usual 4-5 month pre-order,  these new 1.5gh units and such to us in late fall

IT is a win/win for Bitmain...even IF they just 'happened' to have in the works this 1.5gh miner and did not expect the BTC and LTC dump in price

and rise in difficulty with this ...blowing up the works....this still would be their way out to have their cake and eat it too...and basically all of us

at the consumer end...would be forced to 'start over' with these pow-scrypt units in the fall (assuming we wanted to start over) in that difficulty

and current prices would never allow current generations of pow-scrypt miners like the L3+ to catch up past the difficulty they had to eat...with

these depressed prices...would be like the KNC Neptune BTC units of 2014....doorstops within 5 months of arrival ..no way to catch up on price

vs difficulty at that time....same end result if not as fast...for the remaining L3+'s and/or this 'generation' of pow-scrypt miners...

the result will be ... the same fate in 4-5 months over the summer IMHO, Bitmain only one who can mine,  

if Bitmain, for whatever reason has this supposed 1.5gh 400 watt unit they can get out this summer...

again, any way you look at this ...Bitmain will come out smelling like roses...and if conditions continue all the current pow scrypt miners would

be no longer able to run..which means Bitmain with 90% of ASIC mnfg in the world of any ASIC flavor would have to start over the consumer product

division in the fall....with EVERYONE having to buy Bitmain units and start over .the old ASIC's can no longer play...and Bitmain is as a monopoly the

only game in town..come fall...with consumer units......assuming you wanted to mine pow-scrypt or any other flavor ASIC of coin for that manner...

as usual, Bitmain wins...the rest of us just kinda have to eat the sh*t sandwich...


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FloppyPurpleGherkin
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May 20, 2018, 11:18:14 PM
 #4274

L4 - 1.6GH ~950W

You heard it here first.
shaninium
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May 20, 2018, 11:34:42 PM
 #4275

L4 - 1.6GH ~950W

You heard it here first.

Where did you hear this from?

racebyu
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May 21, 2018, 12:03:45 AM
 #4276

L4 - 1.6GH ~950W

You heard it here first.

In the past have we not doubled the hashing power at around 2/3 of the current draw?
Maybe more like 1.0Gh @ 525 watts?

That would be $ 141.96 per/month (.12 electrical) @ 1.35 LTC  for $2000.00 US investment (estimated price)
Price would need to be pumped ($500-600) to get a reasonable ROI of 3-4 months and make a demand for them.
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May 21, 2018, 03:55:48 AM
 #4277

L4 - 1.6GH ~950W

You heard it here first.

U sure? That is about 3 times better. Game over for L3+ at this current difficulty.

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
gauldicus
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May 21, 2018, 05:09:22 PM
 #4278

I've gone off bitmain as a company, all they care about is money. I know we miners are in it for the money too but I feel theyve let us down by flooding the market. It's already fucked and guess what, they are still selling these miners right now on their website, those with free electricity will be buying them, those without...well...
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May 21, 2018, 05:12:22 PM
 #4279

on a sidenote , their ethereum miner was launched at 800 dollars, nice profit for them, then vitalik announced there would be no fork and within hours the price shot up to close to 2000 dollars, fucking greedy wankers. I'd absolutely love it if they decided to fork rendering this machine worthless.
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May 21, 2018, 05:26:16 PM
 #4280

on a sidenote , their ethereum miner was launched at 800 dollars, nice profit for them, then vitalik announced there would be no fork and within hours the price shot up to close to 2000 dollars, fucking greedy wankers. I'd absolutely love it if they decided to fork rendering this machine worthless.

That's right fuck the people who bought the miners, it would do nothing to BitMain.   Yes, I bought a few units at $800.  Figured what the hell.  But for anyone to wish they become worthless is a very crappy human being.  That would be like me saying I hope every GPU catches on fire and burns every miners house down.  I wouldn't do that, I hope every miner makes money.  You sir are nothing other than a fucktard.


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