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Author Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner  (Read 284051 times)
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May 21, 2018, 05:09:22 PM
 #4281

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
 #4282

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
 #4283

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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May 21, 2018, 05:51:00 PM
 #4284

yes i realised that after i posted. I do not wish for miners to get bruised either, but bitmain would compensate as they always do, also would ruin their reputation bigtime so i do not know why you think it wouldnt hurt them.
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May 21, 2018, 06:05:17 PM
 #4285

yes i realised that after i posted. I do not wish for miners to get bruised either, but bitmain would compensate as they always do, also would ruin their reputation bigtime so i do not know why you think it wouldnt hurt them.

Because miners are always looking for a way to make a buck.  If they build them, we will buy!!

They have shown they can build an asic for any algo.  I think none are safe, new also, no problem, new asic.

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May 21, 2018, 08:53:34 PM
 #4286

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.
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May 21, 2018, 09:16:43 PM
 #4287

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Bitmain is a company selling equipment.  Arent most companies/corporations in business to make money.  If people will buy it they will sell it.  I dont get why people get so angry at bitmain.  They are feeding the people what they ask for.  Although i do believe they are slowly killing mining, they are in this to make money so....




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May 21, 2018, 09:52:44 PM
 #4288

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

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May 21, 2018, 11:34:24 PM
 #4289

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.
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May 22, 2018, 07:38:17 AM
 #4290

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.

Yeah, I am guessing bitmain economies of scale gives them a strong advantage. Canaan just filed for ipo https://www.channelnewsasia.com/news/asia/as-bitcoin-world-wobbles--mining-rig-company-plans-us-2-billion-ipo-10256246  . They have a profit of 56million USD for 2017. Hmmm they make btc machines, and btc/bch has a market cap of 162 billion. All other asic coins have far lower market cap. Profit cant be much for manufacturers that dabble in non-bitcoin sha256 machines I would think considering the far lower market cap of those other coins. Litecoin is 7.6b. Dash is 3b.

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May 22, 2018, 08:00:25 AM
 #4291

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.

Innosilicon and halong have the new Samsung asic chips which are the best at the moment. Thats one reason they charge so much. Bitmain is overdue for their new tech to hit the market.   They just seem to be tweaking and overclocking old miners and calling them a new variant. Im sure a lot of people are kicking themselves that they dismissed halong as a scam in the beginning, i sure am.

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May 22, 2018, 08:22:36 AM
 #4292

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.

Innosilicon and halong have the new Samsung asic chips which are the best at the moment. Thats one reason they charge so much. Bitmain is overdue for their new tech to hit the market.   They just seem to be tweaking and overclocking old miners and calling them a new variant. Im sure a lot of people are kicking themselves that they dismissed halong as a scam in the beginning, i sure am.

The dragon T1 works efficiently at around 14th and is only 10% more efficient than an S9 but it costs alot more at around 1500. For 1500, u can get 2 S9 and some money back lol (use coupons).

2 S9s give around 80-90% more hashrate than a dragon T1.
The only time the T1 will be more profitable than 2 S9s is if one T1 makes $20 a month due to being more efficient and each S9 makes say $5 a month. This can only occur if difficulty rises that crazy high. If such a case occurs, u will never ever break even anyways lol.

T1 @ 14th and 10 cents electric = 114 usd profit
2 S9 @ 28 TH and 10 cents = 205 usd profit

The T1 maxes itself out at 10nm while the S9 is at 16nm and can be improved to 10nm, but I hope an S11 never appears lol. Dragon went into an oversupplied market against a competitor that has superior pricing power. Their cost of entry is probably high. Their entry cost being high is a guess from the post they make on the site back then by saying over 30million has been spent to bring the product to the market. I suspect 30m is alot considering canaans FY2017 profit is only 56m and 2017 is a record year for bitcoin.

Just my 2 cents

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May 22, 2018, 08:57:20 AM
 #4293

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.

Innosilicon and halong have the new Samsung asic chips which are the best at the moment. Thats one reason they charge so much. Bitmain is overdue for their new tech to hit the market.   They just seem to be tweaking and overclocking old miners and calling them a new variant. Im sure a lot of people are kicking themselves that they dismissed halong as a scam in the beginning, i sure am.

Bitmain with samsung chip will triumph later....
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May 22, 2018, 09:30:19 AM
 #4294

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.

Innosilicon and halong have the new Samsung asic chips which are the best at the moment. Thats one reason they charge so much. Bitmain is overdue for their new tech to hit the market.   They just seem to be tweaking and overclocking old miners and calling them a new variant. Im sure a lot of people are kicking themselves that they dismissed halong as a scam in the beginning, i sure am.

The dragon T1 works efficiently at around 14th and is only 10% more efficient than an S9 but it costs alot more at around 1500. For 1500, u can get 2 S9 and some money back lol (use coupons).

2 S9s give around 80-90% more hashrate than a dragon T1.
The only time the T1 will be more profitable than 2 S9s is if one T1 makes $20 a month due to being more efficient and each S9 makes say $5 a month. This can only occur if difficulty rises that crazy high. If such a case occurs, u will never ever break even anyways lol.

T1 @ 14th and 10 cents electric = 114 usd profit
2 S9 @ 28 TH and 10 cents = 205 usd profit

The T1 maxes itself out at 10nm while the S9 is at 16nm and can be improved to 10nm, but I hope an S11 never appears lol. Dragon went into an oversupplied market against a competitor that has superior pricing power. Their cost of entry is probably high. Their entry cost being high is a guess from the post they make on the site back then by saying over 30million has been spent to bring the product to the market. I suspect 30m is alot considering canaans FY2017 profit is only 56m and 2017 is a record year for bitcoin.

Just my 2 cents

Well said. People are not going to pay 2x the price for a 10-20% increase in efficiency. T1 is not a competitor with it's Samsung chip, not yet at least.
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May 22, 2018, 02:18:12 PM
 #4295

Yes I agree but i bet many customers are building massive farms from this going from the GPU history of farmers. It would still hurt their rep. If I'm given a choice between bitmain and a new competitor (And there will be believe me) then I'm going to try another. I'm sick of their new policy of bleeding us and the pools dry.


Actually if a new competitor appears, the hardware war will be bigger and bitmain will likely win. I suspected the war was coming when the halong dragonmint turn out to be real. I did not expect it to affect L3+ though. It looks like bitmain wants to take halong, who is probably innosilicon down...and it is gonna take away alot of profits from everyone to do that. This halong is a major idiot. They will probably lose money from the dragonmint T1/T2. They cant compete at all. Chances are that their sales are not gonna cover their cost of producing the dragon T1. And when the war started, I suddenly see the D3 for sale again, for very cheap, among other miners. Innosilicon will make a lot less now. My gut feeling tells me the dragonmint T1 sparked this war.

Honestly I don't think anyone can compete with Bitmain. Halong and Innosilicon miner prices are ridiculous in this bearish market while Bitmain are lowering prices every month. When you have a business there are things that attract customers. Two of which are price and customer service and Bitmain got both.

Innosilicon and halong have the new Samsung asic chips which are the best at the moment. Thats one reason they charge so much. Bitmain is overdue for their new tech to hit the market.   They just seem to be tweaking and overclocking old miners and calling them a new variant. Im sure a lot of people are kicking themselves that they dismissed halong as a scam in the beginning, i sure am.

The dragon T1 works efficiently at around 14th and is only 10% more efficient than an S9 but it costs alot more at around 1500. For 1500, u can get 2 S9 and some money back lol (use coupons).

2 S9s give around 80-90% more hashrate than a dragon T1.
The only time the T1 will be more profitable than 2 S9s is if one T1 makes $20 a month due to being more efficient and each S9 makes say $5 a month. This can only occur if difficulty rises that crazy high. If such a case occurs, u will never ever break even anyways lol.

T1 @ 14th and 10 cents electric = 114 usd profit
2 S9 @ 28 TH and 10 cents = 205 usd profit

The T1 maxes itself out at 10nm while the S9 is at 16nm and can be improved to 10nm, but I hope an S11 never appears lol. Dragon went into an oversupplied market against a competitor that has superior pricing power. Their cost of entry is probably high. Their entry cost being high is a guess from the post they make on the site back then by saying over 30million has been spent to bring the product to the market. I suspect 30m is alot considering canaans FY2017 profit is only 56m and 2017 is a record year for bitcoin.

Just my 2 cents

Well said. People are not going to pay 2x the price for a 10-20% increase in efficiency. T1 is not a competitor with it's Samsung chip, not yet at least.

If an S11 occurs, the S9 could be obsolete or close to obsolete. Lets hope it doesnt...

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May 23, 2018, 09:41:58 PM
 #4296

The S11 rumor is already floating around so where there is smoke there is fire.  After June and the coupons expire we will probably start to see the preorders for the next wave of hardware.
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May 24, 2018, 01:34:08 AM
 #4297

The S11 rumor is already floating around so where there is smoke there is fire.  After June and the coupons expire we will probably start to see the preorders for the next wave of hardware.



Well, https://bitcoinwisdom.com/litecoin/difficulty shows in 12 hours difficulty will go up 6.42% for LTC...thus at (what I get) at an

L3+ (currently, the main product for us now for scrypt-pow) ....at 41c per day!

I ASSUME no one is dense enough to be buying L3+'s in mass with these LTC prices and I also assume

there are NO other competitors to Bitmain ..that could pump scrypt-pow machines for LTC diffiulty up 6.42% in the last few days

so you are probably correct..they are probably filling data halls with new scrypt-pow miners to replace the L3+ and your likely S11 BTC miner...

fill the data halls over the summer ..drive up say difficulty of LTC up and if not at least 'upsurp' the network share ..and offer pre-orders in late fall


I just can't see folk buying Bitmain L3+'s in mass enough to kick up the difficulty 6.42% supposedly, and no other mnfg has numbers to do this

either IMHO, thus it is bitmain with a new scrypt pow unit that they are slipping into the data halls, gain matches the 'coupon' death in June...

We will see, but likely above, IMHO


Check out the www.synchro.net Free BBS Package. Win 10/Linux. Updated 1/1/19. 5 min-Install to check it out. A nostalgic hoot! Smiley
madmartyk
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May 24, 2018, 01:53:09 AM
 #4298

Hey Searing, have you tried the litecoin lottery at TBDice?  Scoring a block would improve your ROI

philipma1957
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May 24, 2018, 04:23:16 AM
 #4299

Hey Searing, have you tried the litecoin lottery at TBDice?  Scoring a block would improve your ROI

Yeah he may have.

 I am running 4.51gh at it now.

It would help me  to hit one.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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May 24, 2018, 10:37:32 AM
 #4300

With the price of LTC at just over $100 and difficulty increasing its going to be hard for Bitmain
to sell a new Scrypt miner at any price over $1000. It will be interesting to see what happens
and if LTC can be pumped upwards in the next few weeks before any new hardware release.
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