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Author Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner  (Read 284371 times)
crypticj
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June 11, 2017, 07:47:18 PM
 #641

Does anyone have hard numbers on what they have mined so far for a May batch machine?  I sold mine, but would like to know if that was a good choice or not?

I just got a payout from ProHashing, so I looked at my ROI spreadsheet this morning. Currently my single L3+ from the May 5th batch is 42% ROI in Bitcoin terms and 99.5% ROI in dollar terms.

At the current difficulty (and not counting additional profitability from multi-pools), I'm about 80 days away from ROI in Bitcoin terms. That's the only number that's important to me. I always want my miners to produce more cryptocurrency than they cost.

On a semi-related note, I use Google Sheets to keep track of my mining and other Bitcoin investments because it provides a mechanism to automate the spreadsheets via simple scripting. My spreadsheets gather the received Bitcoin coming in to my mining addresses and include that revenue in the ROI calculation. Also, Google supports BTC to USD rate conversion. I had to add LTC, because they don't support it yet.

So when I check on ROI for my miners, pretty much all I have to do is open the spreadsheet in a browser and refresh it. Most of the time it works well. Every once in a while something gets "stuck" (probably some Google caching algorithm) and I have to make a meaningless edit in order to get it unstuck.

I have a forum post on this subject somewhere, but the scripts I used then are pretty old. If any one is interested, I'll start a GitHub project and post my latest scripts and instructions.

That is a great Idea. I would love to try it out... I get LTC payouts from Hashnest hopefully i can track those in my Google spreadsheets. as well.

Thanks

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June 12, 2017, 12:29:35 AM
 #642

i think probably there will be restock on hashnet later this month
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June 12, 2017, 06:37:45 AM
 #643

I doubt it.
But it is possible to set a barrier price. This may be $4000, for example. This is possible because the LTC price has increased, the difficulty has recently decreased and will result in delivery equipment for September will soon disappear.
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June 12, 2017, 06:42:47 AM
 #644

I doubt it.
But it is possible to set a barrier price. This may be $4000, for example. This is possible because the LTC price has increased, the difficulty has recently decreased and will result in delivery equipment for September will soon disappear.


yes..hashnet will only reflect a price that bitmain is willing to pull a miner out of their data hall for..thus it is gonna be even more spendy imho with the LTC price pump


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June 12, 2017, 09:17:28 AM
 #645

I doubt it.
But it is possible to set a barrier price. This may be $4000, for example. This is possible because the LTC price has increased, the difficulty has recently decreased and will result in delivery equipment for September will soon disappear.

yes..hashnet will only reflect a price that bitmain is willing to pull a miner out of their data hall for..thus it is gonna be even more spendy imho with the LTC price pump

True.
Many believe that the equipment is too expensive.
But there will only be 84 million Litecoins ever mined, exactly 4 times the amount of Bitcoins.  However, Litecoins are currently trading for about 1/100th the price of Bitcoin. We should remember that.
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June 12, 2017, 09:34:27 AM
 #646

I doubt it.
But it is possible to set a barrier price. This may be $4000, for example. This is possible because the LTC price has increased, the difficulty has recently decreased and will result in delivery equipment for September will soon disappear.

yes..hashnet will only reflect a price that bitmain is willing to pull a miner out of their data hall for..thus it is gonna be even more spendy imho with the LTC price pump

True.
Many believe that the equipment is too expensive.
But there will only be 84 million Litecoins ever mined, exactly 4 times the amount of Bitcoins.  However, Litecoins are currently trading for about 1/100th the price of Bitcoin. We should remember that.


well its difficult if you can't cover your operating costs and you got opportunity costs with better payouts. And for the price, i believe in LTC but tbh if there is not a big change fast, i don't see it succeed. LN needs to come fast and we need a way bigger infrastructure for businesses. There is a reason why ETH is pushed by banks and big institutions instead of BTC or LTC....

And I really hate ETH lol

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June 12, 2017, 03:05:58 PM
 #647

Does anyone have hard numbers on what they have mined so far for a May batch machine?  I sold mine, but would like to know if that was a good choice or not?

I just got a payout from ProHashing, so I looked at my ROI spreadsheet this morning. Currently my single L3+ from the May 5th batch is 42% ROI in Bitcoin terms and 99.5% ROI in dollar terms.

At the current difficulty (and not counting additional profitability from multi-pools), I'm about 80 days away from ROI in Bitcoin terms. That's the only number that's important to me. I always want my miners to produce more cryptocurrency than they cost.

On a semi-related note, I use Google Sheets to keep track of my mining and other Bitcoin investments because it provides a mechanism to automate the spreadsheets via simple scripting. My spreadsheets gather the received Bitcoin coming in to my mining addresses and include that revenue in the ROI calculation. Also, Google supports BTC to USD rate conversion. I had to add LTC, because they don't support it yet.

So when I check on ROI for my miners, pretty much all I have to do is open the spreadsheet in a browser and refresh it. Most of the time it works well. Every once in a while something gets "stuck" (probably some Google caching algorithm) and I have to make a meaningless edit in order to get it unstuck.

I have a forum post on this subject somewhere, but the scripts I used then are pretty old. If any one is interested, I'll start a GitHub project and post my latest scripts and instructions.

That is a great Idea. I would love to try it out... I get LTC payouts from Hashnest hopefully i can track those in my Google spreadsheets. as well.

I made a quick and dirty github project here:

https://github.com/edonkeycoin/gsbitcoinutils

Let me know if you have any problems with the script.

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June 12, 2017, 05:15:22 PM
 #648

Does anyone have hard numbers on what they have mined so far for a May batch machine?  I sold mine, but would like to know if that was a good choice or not?

I just got a payout from ProHashing, so I looked at my ROI spreadsheet this morning. Currently my single L3+ from the May 5th batch is 42% ROI in Bitcoin terms and 99.5% ROI in dollar terms.

At the current difficulty (and not counting additional profitability from multi-pools), I'm about 80 days away from ROI in Bitcoin terms. That's the only number that's important to me. I always want my miners to produce more cryptocurrency than they cost.

On a semi-related note, I use Google Sheets to keep track of my mining and other Bitcoin investments because it provides a mechanism to automate the spreadsheets via simple scripting. My spreadsheets gather the received Bitcoin coming in to my mining addresses and include that revenue in the ROI calculation. Also, Google supports BTC to USD rate conversion. I had to add LTC, because they don't support it yet.

So when I check on ROI for my miners, pretty much all I have to do is open the spreadsheet in a browser and refresh it. Most of the time it works well. Every once in a while something gets "stuck" (probably some Google caching algorithm) and I have to make a meaningless edit in order to get it unstuck.

I have a forum post on this subject somewhere, but the scripts I used then are pretty old. If any one is interested, I'll start a GitHub project and post my latest scripts and instructions.

That is a great Idea. I would love to try it out... I get LTC payouts from Hashnest hopefully i can track those in my Google spreadsheets. as well.

I made a quick and dirty github project here:

https://github.com/edonkeycoin/gsbitcoinutils

Let me know if you have any problems with the script.

Looks nice. A question, how do you distinguish the ROI between two miners / workers at the same pool using a single payout address? With the same miner type & hash rate then it is pretty easy, but I would like to use this to calculate the ROI of various miners that are of different generations (S5, S7, S9 etc) if possible.

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June 12, 2017, 05:54:34 PM
 #649

I doubt it.
But it is possible to set a barrier price. This may be $4000, for example. This is possible because the LTC price has increased, the difficulty has recently decreased and will result in delivery equipment for September will soon disappear.

yes..hashnet will only reflect a price that bitmain is willing to pull a miner out of their data hall for..thus it is gonna be even more spendy imho with the LTC price pump

True.
Many believe that the equipment is too expensive.
But there will only be 84 million Litecoins ever mined, exactly 4 times the amount of Bitcoins.  However, Litecoins are currently trading for about 1/100th the price of Bitcoin. We should remember that.

I dont think the amount of total coins has any affect on price, but if you were inferring there is room for price growrh still then i agree with you.  I am holding the LTC in mine as i  believe the price is low right now.

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edonkey
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June 12, 2017, 06:07:57 PM
 #650

I made a quick and dirty github project here:

https://github.com/edonkeycoin/gsbitcoinutils

Let me know if you have any problems with the script.

Looks nice. A question, how do you distinguish the ROI between two miners / workers at the same pool using a single payout address? With the same miner type & hash rate then it is pretty easy, but I would like to use this to calculate the ROI of various miners that are of different generations (S5, S7, S9 etc) if possible.

Assuming that the miners are configured the with the same pools (and profitability switches, if you use them), then you should be able to estimate each miner's percentage of a payout based on its percentage of the total hash rate.

Currently I haven't tried to automate the percentage of total hash computation. That would be different for each pool's API (assuming you could get and parse the hash rate data at all). I just estimate it based on how I see the miners performing.

It gets a little harder when you've bought different miners at different times because older miners provided a larger percentage when the total hash rate was less. Usually I have a separate sheet to deal with computing the relative performance and contribution of the mining units to keep this straight.

In the case of my L3+ I only bought a single unit, so its ROI spreadsheet is pretty simple. The only complexity is that sometimes it mines Litecoin directly (mostly litecoinpool.org) and sometimes it's on a multitool (usually ProHashing.com). Since I receive two different currencies, the ROI results can shift around a bit as the relative value between Litecoin and Bitcoin shifts. But the spreadsheet automatically accounts for that.

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June 12, 2017, 06:12:01 PM
 #651

I am interested in but what is the price?
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June 12, 2017, 06:21:28 PM
 #652

Does anyone have hard numbers on what they have mined so far for a May batch machine?  I sold mine, but would like to know if that was a good choice or not?

I just got a payout from ProHashing, so I looked at my ROI spreadsheet this morning. Currently my single L3+ from the May 5th batch is 42% ROI in Bitcoin terms and 99.5% ROI in dollar terms.

At the current difficulty (and not counting additional profitability from multi-pools), I'm about 80 days away from ROI in Bitcoin terms. That's the only number that's important to me. I always want my miners to produce more cryptocurrency than they cost.

On a semi-related note, I use Google Sheets to keep track of my mining and other Bitcoin investments because it provides a mechanism to automate the spreadsheets via simple scripting. My spreadsheets gather the received Bitcoin coming in to my mining addresses and include that revenue in the ROI calculation. Also, Google supports BTC to USD rate conversion. I had to add LTC, because they don't support it yet.

So when I check on ROI for my miners, pretty much all I have to do is open the spreadsheet in a browser and refresh it. Most of the time it works well. Every once in a while something gets "stuck" (probably some Google caching algorithm) and I have to make a meaningless edit in order to get it unstuck.

I have a forum post on this subject somewhere, but the scripts I used then are pretty old. If any one is interested, I'll start a GitHub project and post my latest scripts and instructions.

That is a great Idea. I would love to try it out... I get LTC payouts from Hashnest hopefully i can track those in my Google spreadsheets. as well.

I made a quick and dirty github project here:

https://github.com/edonkeycoin/gsbitcoinutils

Let me know if you have any problems with the script.

Thank you so much for putting it together so quickly i was able to implement it a version of it for myself.


BUY CRYPTO AT REASONABLE RATES
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June 12, 2017, 08:03:07 PM
 #653

Does anyone have hard numbers on what they have mined so far for a May batch machine?  I sold mine, but would like to know if that was a good choice or not?

I just got a payout from ProHashing, so I looked at my ROI spreadsheet this morning. Currently my single L3+ from the May 5th batch is 42% ROI in Bitcoin terms and 99.5% ROI in dollar terms.

At the current difficulty (and not counting additional profitability from multi-pools), I'm about 80 days away from ROI in Bitcoin terms. That's the only number that's important to me. I always want my miners to produce more cryptocurrency than they cost.

On a semi-related note, I use Google Sheets to keep track of my mining and other Bitcoin investments because it provides a mechanism to automate the spreadsheets via simple scripting. My spreadsheets gather the received Bitcoin coming in to my mining addresses and include that revenue in the ROI calculation. Also, Google supports BTC to USD rate conversion. I had to add LTC, because they don't support it yet.

So when I check on ROI for my miners, pretty much all I have to do is open the spreadsheet in a browser and refresh it. Most of the time it works well. Every once in a while something gets "stuck" (probably some Google caching algorithm) and I have to make a meaningless edit in order to get it unstuck.

I have a forum post on this subject somewhere, but the scripts I used then are pretty old. If any one is interested, I'll start a GitHub project and post my latest scripts and instructions.

That is a great Idea. I would love to try it out... I get LTC payouts from Hashnest hopefully i can track those in my Google spreadsheets. as well.

I made a quick and dirty github project here:

https://github.com/edonkeycoin/gsbitcoinutils

Let me know if you have any problems with the script.

Thank you so much for putting it together so quickly i was able to implement it a version of it for myself.



I use google docs for a variety of record keeping between mining, selling coins, and investments and this would be perfect to bring in the bitcoin price.  Only problem is, my spreadsheet has slowed down so very much, that it takes forever to enter numbers anymore.  Does anyone know if it is possible to allocate more resources or speed up my spreadsheets?



.
.BIG WINNER!.
[15.00000000 BTC]


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Rainbot
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Ryancope123
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June 13, 2017, 11:22:52 AM
 #654

Is everyone mining LTC with there l3+ or do some mine other coins ? Smiley
 Smiley

pavlos021
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June 13, 2017, 12:20:10 PM
 #655

I have a question about the L3+ availability. Right now at the Bitmain site it says that they will be shipped during end of August and early September. After that, based on previous experience some of you have, will there be another batch of miners produced and shipped in the near future or it is a one off?
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June 13, 2017, 01:25:13 PM
 #656

I have a question about the L3+ availability. Right now at the Bitmain site it says that they will be shipped during end of August and early September. After that, based on previous experience some of you have, will there be another batch of miners produced and shipped in the near future or it is a one off?

This isn't "normal" behavior for Bitmain to pre-sale miners like this.  They typical behavior in the past has been they will post a notification that at a certain date and time a miner will become available.  Batches were relatively small.  As soon as they were posted they would normally sell out pretty fast.  And normally shipping would be anywhere from a few days to a week or two from the time of purchase.

Previous experience is of zero help with Bitmain at the moment because their behavior pre-ordering miners is not typical for them.

So the situation today is pretty odd and frankly nobody knows if there will be more miners available after this current Aug/Sep batch is gone.  We just don't know.  I think many of us have lamented the fact they are selling these in this manner as there is no way to know what is going to happen between now and the time these ship.  So the risk is pretty high.  And if they turned around and now suddenly back track and start selling miners that are sold and ship soon when they just did these pre-orders they would really have a huge backlash of angry customers.  So Bitmain has now created a bad situation that will be hard for them to go back to the way they used to sell these. 

Will there be more batches?  Probably  Shipping soon?  Well at this point not likely.  Unless of course you want to buy on Hashnest as it appears they are making batches available sooner there. 
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June 13, 2017, 04:59:14 PM
 #657

I have a question about the L3+ availability. Right now at the Bitmain site it says that they will be shipped during end of August and early September. After that, based on previous experience some of you have, will there be another batch of miners produced and shipped in the near future or it is a one off?

This isn't "normal" behavior for Bitmain to pre-sale miners like this.  They typical behavior in the past has been they will post a notification that at a certain date and time a miner will become available.  Batches were relatively small.  As soon as they were posted they would normally sell out pretty fast.  And normally shipping would be anywhere from a few days to a week or two from the time of purchase.

Previous experience is of zero help with Bitmain at the moment because their behavior pre-ordering miners is not typical for them.

So the situation today is pretty odd and frankly nobody knows if there will be more miners available after this current Aug/Sep batch is gone.  We just don't know.  I think many of us have lamented the fact they are selling these in this manner as there is no way to know what is going to happen between now and the time these ship.  So the risk is pretty high.  And if they turned around and now suddenly back track and start selling miners that are sold and ship soon when they just did these pre-orders they would really have a huge backlash of angry customers.  So Bitmain has now created a bad situation that will be hard for them to go back to the way they used to sell these. 

Will there be more batches?  Probably  Shipping soon?  Well at this point not likely.  Unless of course you want to buy on Hashnest as it appears they are making batches available sooner there. 

SHA256 miners are also on pre-sale for August shipping. So everying is on pre-order.
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June 13, 2017, 06:32:14 PM
 #658

Is everyone mining LTC with there l3+ or do some mine other coins ? Smiley
 Smiley


I think its a mixed bag or LTC mining, alt mining and renting them out.  Personally i have done all 3 so far with these depending on the diff and expected short term payout

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June 14, 2017, 12:20:06 AM
 #659

I use google docs for a variety of record keeping between mining, selling coins, and investments and this would be perfect to bring in the bitcoin price.  Only problem is, my spreadsheet has slowed down so very much, that it takes forever to enter numbers anymore.  Does anyone know if it is possible to allocate more resources or speed up my spreadsheets?

If all you need is the BTC rate, you don't need my script. Google has built-in support for Bitcoin currency conversion, like so:

Code:
=GoogleFinance("CURRENCY:BTCUSD")

Litecoin is a little more complicated because Google doesn't directly support it yet:

Code:
=IMPORTXML("https://bitinfocharts.com/markets/gdax/ltc-usd-1m.html", "//*[@itemprop='price']")

The script is useful for things like getting the total value received by wallets, obtaining the earnings per day for hash rate, and other related ROI computations. So it might be more than you need.

Sorry, but I'm not familiar with the Google docs slowdown that you're seeing. If you do a search, it seems like other people have seen slow down problems, with a number of possible solutions (not clear if any of them are related to what you're seeing). There's also a troubleshooter here:

https://support.google.com/docs/troubleshooter/2853025

Was I helpful?   BTC: 3G1Ubof5u8K9iJkM8We2f3amYZgGVdvpHr
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June 14, 2017, 06:11:13 AM
 #660

I have an unpleasant gut feelings that miners will be gone in less than a week

Will buy mine by Friday
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