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Author Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner  (Read 274973 times)
butok
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June 26, 2018, 12:03:45 PM
 #4381

So, after 1 year of mining with L3+, have to switch it off. Embarrassed
Minus profit with it now. Better to buy LTC than mine it.
Hash rate and difficulty is still on top - strange. Shocked

Are you still mining? Do you have a free electricity?
I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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jstefanop
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June 26, 2018, 01:31:49 PM
 #4382

So, after 1 year of mining with L3+, have to switch it off. Embarrassed
Minus profit with it now. Better to buy LTC than mine it.
Hash rate and difficulty is still on top - strange. Shocked

Are you still mining? Do you have a free electricity?


Break-even for a stock L3+ on electricity alone is currently 10cent USD/kw, most large mines that account for 75%+ of the network operate way under that (.04-.07). So still have a bit to go before the big boys shut down.

Most US residential miners should be shutting down now and just buying LTC with what they would have spent on power bill though( you can already see that happening with the last 3 diff drops).

Project Apollo: A Pod Miner Designed for the Home https://bitcointalk.org/index.php?topic=4974036
FutureBit Moonlander 2 USB Scrypt Stick Miner: https://bitcointalk.org/index.php?topic=2125643.0
LTC:LX5vpxrQE4eLRLPobKwZhw2comkKFCh3p4 - BTC:14w9Lea6kdVzspJk8TQRe7qSYu9LhzJJsh
mercedes321
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June 26, 2018, 02:52:57 PM
 #4383

i bought 6 L3 machines at hasnest 2 days ago, maintance vs profit is at 70%, so if u still want to mine u can try hashnest.com, 1 L3 machine is aprox 6.4LTC.

this is the current statistics, its kinda mining more bcs ppl are shutting down, and difficulty goes down, so i am happy

https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=3053&HashingUnit=MH%2Fs&PowerConsumption=4676&CostPerkWh=0.07&MiningPoolFee=1
ZedZedNova
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June 27, 2018, 03:11:50 AM
 #4384

Are you still mining? Do you have a free electricity?

I am, but my lone L3+ is hosted at Giga-Watt(!) where I pay USD 0.033/kWh which includes Giga-Watt's USD 0.005/kWh maintenance fee. It is still profitable for me, but not like it was before.

ethOS GPU mining rig Stats || L3+ mining and WTT Tokens @ Giga-Watt
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Digital Ocean is where my Masternodes run Digital Ocean Referral Link
Searing
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June 27, 2018, 04:17:56 AM
 #4385

i bought 6 L3 machines at hasnest 2 days ago, maintance vs profit is at 70%, so if u still want to mine u can try hashnest.com, 1 L3 machine is aprox 6.4LTC.

this is the current statistics, its kinda mining more bcs ppl are shutting down, and difficulty goes down, so i am happy

https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=3053&HashingUnit=MH%2Fs&PowerConsumption=4676&CostPerkWh=0.07&MiningPoolFee=1


Well I have some L3+'s for sale...at 83c a loss per day...they are going off by July 4th 2018but...so I expect to see a lot of folk dumping units off the network at that time

in my case, even at over 100 buck LTC...I'd still only break even...so again, data halls anyway need to pay 1 month in advance...at an LTC price north of

100 usd ..say 115 usd would I really pay, 1 month in advance 1,290.27 for a 30 buck profit a month? ...not likely, again July lots will dump..if you have really

cheap electric you might make 15 to 30 bucks a month on your HOPEFULLY ROI'd L3+..but for those who have ROI'd and host...we likely will be a walking




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taserz
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June 27, 2018, 04:20:11 AM
 #4386

i bought 6 L3 machines at hasnest 2 days ago, maintance vs profit is at 70%, so if u still want to mine u can try hashnest.com, 1 L3 machine is aprox 6.4LTC.

this is the current statistics, its kinda mining more bcs ppl are shutting down, and difficulty goes down, so i am happy

https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=3053&HashingUnit=MH%2Fs&PowerConsumption=4676&CostPerkWh=0.07&MiningPoolFee=1


Well I have some L3+'s for sale...at 83c a loss per day...they are going off by July 4th 2018but...so I expect to see a lot of folk dumping units off the network at that time

in my case, even at over 100 buck LTC...I'd still only break even...so again, data halls anyway need to pay 1 month in advance...at an LTC price north of

100 usd ..say 115 usd would I really pay, 1 month in advance 1,290.27 for a 30 buck profit a month? ...not likely, again July lots will dump..if you have really

cheap electric you might make 15 to 30 bucks a month on your HOPEFULLY ROI'd L3+..but for those who have ROI'd and host...we likely will be a walking






People called me dumb for overclock my L3+'s the day I got them sure I burnt a few boards but they ROI months ago.

Want to throw me a tip: 1E5bZiPAh7Yt1VqNUyk7y9r48zpbGNTEUA
Mining bitcoin since 2011.
Best nerd decision of my life.
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June 27, 2018, 04:46:58 AM
 #4387

i bought 6 L3 machines at hasnest 2 days ago, maintance vs profit is at 70%, so if u still want to mine u can try hashnest.com, 1 L3 machine is aprox 6.4LTC.

this is the current statistics, its kinda mining more bcs ppl are shutting down, and difficulty goes down, so i am happy

https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=3053&HashingUnit=MH%2Fs&PowerConsumption=4676&CostPerkWh=0.07&MiningPoolFee=1


Well I have some L3+'s for sale...at 83c a loss per day...they are going off by July 4th 2018but...so I expect to see a lot of folk dumping units off the network at that time

in my case, even at over 100 buck LTC...I'd still only break even...so again, data halls anyway need to pay 1 month in advance...at an LTC price north of

100 usd ..say 115 usd would I really pay, 1 month in advance 1,290.27 for a 30 buck profit a month? ...not likely, again July lots will dump..if you have really

cheap electric you might make 15 to 30 bucks a month on your HOPEFULLY ROI'd L3+..but for those who have ROI'd and host...we likely will be a walking






People called me dumb for overclock my L3+'s the day I got them sure I burnt a few boards but they ROI months ago.


good for you, I roi'd last year...but looking into overclocking and my situation, 15% gain (and that is streaching it) is not gonna help my losses any...and

again, the aspect of everyone  has the same machine doing pow scrypt and LTC. As far as I know, (prohashing algo) they are all in the same boat, price

vs miner wise....so again, the ONLY advantage in scrypt-pow now (due to price of LTC and scrypt-pow coins) IS electric..so those with good electric rates

will float longer ...for example if I have 6c electric vs my 14c elec with rent and elec at data hall I'd make 67c a day or $20.09 a month after electric...

that is fine....even with overclocking say it makes  the above 15% better , but at day or $20.09 a month per unit....if you have to pay the data hall

1 month in advance $54.65 bucks for a bet of $20.09 ....or 0.7286 LTC a month...the case could be made just to use your $54.65 cost per month in advance

 and buy coin ...and keep all the  0.72860054 LTC.you would have mined for that amount in a month ..vs only keeping 0.267842357705398 LTC

no month in advance payment to the data hall...no risk...and 3x the coin in HODL mode

so even at 6c kwh and $75 buck LTC...better to sell the Bitmain L3+ unit...and the ave KwH in the USA is 12c KwH..you indeed could be the last man

standing at 6c KwH...but Bitmain has cheaper electric in its worldwide data halls (2c KwH) and also probably only paid 20% on the $1.00 for equipment

in such..they are gonna suck up me and all others who have to shut down on the difficulty drop..thus it could very well be, over the summer at these prices,

bitmain is the big dog and could gain 51% of the network if it drops enough..simply with their electric PLUS equipment advantages

anyway, the firmware don't cut it...not in my case anyway, I wish folk the best on all this ..but have ROI'd well and above what I should have, had

L3's when Bitmain went from $6 upward...so can't complain...

but for myself..time to conceed the feild to others....my assumption is that Bitmain will benifit the most from all this, weither they expected to or not!

(its fine...always liked being a hobby miner with 2 in the basement better anyway...less angst) Smiley





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ZedZedNova
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June 27, 2018, 05:39:32 AM
 #4388

(its fine...always liked being a hobby miner with 2 in the basement better anyway...less angst) Smiley

That's me.  Grin  Only my hobby miners are a pair of 1080Ti GPUs to my right, a (now) money losing S7-LN that has been tweaked by sidehack to my left, a Compac USB stick miner (also a sidehack item) in a powered hub in front of me.

I only host the L3+, but as soon as Giga-Watt gets caught up with their construction, I may see about hosting something else with them to take advantage of the WTT tokens I own and the cheap power.

I hobby mined LTC in late 2011/2012 with CPUs and crappy GPUs and re-discovered my wallet in 2016 when LTC was in the US $4 to US $6 range. Just imagine if I had not sold it all for other cryptos back then. That was just prior to LTC spiking and Bitmain introducing the L3 to the public. The money I got from the "old" LTC I sold is funding my hobby now.

ethOS GPU mining rig Stats || L3+ mining and WTT Tokens @ Giga-Watt
-=O=-
Digital Ocean is where my Masternodes run Digital Ocean Referral Link
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June 27, 2018, 06:03:57 AM
 #4389

who is buying these coupons, this is a real mystery to me, today I received few 350$ coupons
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June 28, 2018, 10:37:06 AM
 #4390

Today, i'll be turning off my L3+, daily loss of 2$ in Belgium at this moment..
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June 28, 2018, 11:12:49 AM
 #4391

who is buying these coupons, this is a real mystery to me, today I received few 350$ coupons
Putting them up for sale in Goods or Digital Goods seems like the appropriate section for coupon sales- I've noticed the higher amount coupons tend to sell somewhat quickly, should still be the case now. Use escrow as usual for sales.

I'm surprised Bitmain's still keeping the L3+ at its current pricing of $450/$530 considering how useful it is for most people right now- unless coin prices rise, this thing's going into D3 territory for profitability. The 504Mh is currently barely breaking even with electrical costs at $0.10/kWh, and another difficulty adjustment should make this unprofitable to run at $0.10/kWh.

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June 28, 2018, 11:21:08 AM
 #4392

Pre Exchange Coin for ASIC Miners

Doppler
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June 28, 2018, 02:48:41 PM
 #4393

who is buying these coupons, this is a real mystery to me, today I received few 350$ coupons
Putting them up for sale in Goods or Digital Goods seems like the appropriate section for coupon sales- I've noticed the higher amount coupons tend to sell somewhat quickly, should still be the case now. Use escrow as usual for sales.

I'm surprised Bitmain's still keeping the L3+ at its current pricing of $450/$530 considering how useful it is for most people right now- unless coin prices rise, this thing's going into D3 territory for profitability. The 504Mh is currently barely breaking even with electrical costs at $0.10/kWh, and another difficulty adjustment should make this unprofitable to run at $0.10/kWh.
yeah, but if u have 0.04 cents like they have in canada, its still profitable, and u can save ltc and sell them when it hits some 150 etc..
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June 28, 2018, 04:44:52 PM
 #4394

Mass exodus on the network right now...lost over 50 TERAHASHES since the beginning of june. Looks like were going to have a 10-20% lower difficulty which will be enough to bring some people back.

Project Apollo: A Pod Miner Designed for the Home https://bitcointalk.org/index.php?topic=4974036
FutureBit Moonlander 2 USB Scrypt Stick Miner: https://bitcointalk.org/index.php?topic=2125643.0
LTC:LX5vpxrQE4eLRLPobKwZhw2comkKFCh3p4 - BTC:14w9Lea6kdVzspJk8TQRe7qSYu9LhzJJsh
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June 28, 2018, 06:00:04 PM
 #4395

Anyone run into the issue where the miner doesn't detect one of the fans? The fan works, and I swapped it out with a different fan from a different miner, and it didn't detect that one either.
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June 28, 2018, 09:47:30 PM
 #4396

Pre Exchange Coin for ASIC Miners

Doppler

so this is scrypt-pow? confused?


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June 28, 2018, 09:56:42 PM
 #4397

Mass exodus on the network right now...lost over 50 TERAHASHES since the beginning of june. Looks like were going to have a 10-20% lower difficulty which will be enough to bring some people back.

sorry still harping on my previous point...in previous posts...

1) IF 90% of pow-scrypt miners are bitmain L3+'s and difficulty of say LTC is every 3 days or so...I figure folk will come back and at 12c kWh just yo/yo

If I'm under 86c at 76 bucks LTC at 14c KwH ..then that means everyone down to 9c kWh is making 12c a day..fine for the hobby guy...but again

not worth paying the data hall a month in advance even at those rates...the 3-day turn around on diff for LTC and all miners being clones with no advantage

again ..it is yo/yo city without a lot of progress...LTC needs a major pump over 115 LTC and I'm not seeing that any time soon, I'm sorry to say...

2) anyone with a data hall has to pay 1 month in advance...so you'd have to see quite the pump over 115 LTC for me to break even..so why risk it?

If you are waiting for the coin to pump ..just HODL with the miner's off..why gamble paying the data hall folk 1 month in advance or more?

3) Bitmain rumors are getting stronger on a 3x the hash unit at close to L3+ price coming out in July...if that is the case...everyone's L3+ is now a doorstop

likely, no matter your electric price

just saying


we need a big price pump in scrypt pow and LTC or we are just 'rearranging the deck chairs on the Titanic for something to do' Sad


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June 28, 2018, 10:40:42 PM
 #4398

who is buying these coupons, this is a real mystery to me, today I received few 350$ coupons
Putting them up for sale in Goods or Digital Goods seems like the appropriate section for coupon sales- I've noticed the higher amount coupons tend to sell somewhat quickly, should still be the case now. Use escrow as usual for sales.

I'm surprised Bitmain's still keeping the L3+ at its current pricing of $450/$530 considering how useful it is for most people right now- unless coin prices rise, this thing's going into D3 territory for profitability. The 504Mh is currently barely breaking even with electrical costs at $0.10/kWh, and another difficulty adjustment should make this unprofitable to run at $0.10/kWh.
yeah, but if u have 0.04 cents like they have in canada, its still profitable, and u can save ltc and sell them when it hits some 150 etc..
It may still be profitable temporarily for people with such low electrical costs, but evidently most people don't have electrical rates like that (I don't) because of the massive outflow of hash happening right now. The price is also something you can't count on rising in mining; for most people, Scrypt mining is over with the L3+ unless you're looking to do some speculative mining at a loss with LTC or shitcoins like what you're suggesting right now.

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Sandal_Hat
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June 29, 2018, 03:59:38 AM
 #4399

I dont think there is a new L3+ and there probably wont be any new ones. There is no incentive to spend so much to develop new miners when the price have gone down so much. The risk wont payoff and will probably lead to losses. It is probably the same with the S9.

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
skyline_king
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June 29, 2018, 04:45:53 AM
 #4400

If Bitmain is still selling them they HAVE to be a good buy right? RIGHT what is wrong with them. From a marketing standpoint. I get economy but what they are doing is blowing my understanding of a functioning market lol
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