Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner

[cashen]

These are really easy to setup. I guess after setting 5 x 7gpu rigs this is really plug and play.

They are loud though. It is like a tunnel noise.

are they suppose to be only 10mbit ethernet?

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[cashen]

How do the pools setup work? why are there 3? does it switch?




What is the frequency?

[DebitMe]

How do the pools setup work? why are there 3? does it switch?

https://i.imgur.com/S9e2qNG.png


What is the frequency?
https://i.imgur.com/EQWnoKu.png

You set the pools in the configuration tab, you can set up to 3 pools.  If your first pool goes down, the miner will automatically switch to the 2nd pool, if that pool goes down it switches to the 3rd pool.  Its just in case the poolside has a problem so you can still mine to another pool.

The frequency sets the chip frequency, which will change the hashing speed.  Not really a good idea to play with that unless you know what your doing.

[Ryancope123]

Hi again guys

Following this thread very closely!

Does anybody know if the bitmain PSU works with a UK plug/voltages passively?
Also, i have 1 miner coming in the July batch, but the price of lite coin seems to be steadily rising each day, what are people's thoughts on buying another ? do you think it's risky?

Thanks for the help in advance  

[crypticj]

Hi again guys

Following this thread very closely!

Does anybody know if the bitmain PSU works with a UK plug/voltages passively?
Also, i have 1 miner coming in the July batch, but the price of lite coin seems to be steadily rising each day, what are people's thoughts on buying another ? do you think it's risky?

Thanks for the help in advance  

Its risky like anything since july is almost 85-90 days away.

[suchmoon]

Hi again guys

Following this thread very closely!

Does anybody know if the bitmain PSU works with a UK plug/voltages passively?
Also, i have 1 miner coming in the July batch, but the price of lite coin seems to be steadily rising each day, what are people's thoughts on buying another ? do you think it's risky?

Thanks for the help in advance  

Not sure what "passively" means, but the PSU comes without a power cord and it supports up to 264V so it should work as long as you have the proper cord (C13 on the PSU end).

As for risk, as I've mentioned before - if you expect LTC to rise then just buy LTC. If anything, the rise of LTC can drive the difficulty too high to make ROI on a miner.

However if you're not too sure about the rise, want a hedge, expect LTC to stay flat or decline (but not too much), buying a miner might make sense depending on how you estimate difficulty for the next 3-6 months.

[Ryancope123]

Hi again guys

Following this thread very closely!

Does anybody know if the bitmain PSU works with a UK plug/voltages passively?
Also, i have 1 miner coming in the July batch, but the price of lite coin seems to be steadily rising each day, what are people's thoughts on buying another ? do you think it's risky?

Thanks for the help in advance  

Not sure what "passively" means, but the PSU comes without a power cord and it supports up to 264V so it should work as long as you have the proper cord (C13 on the PSU end).

As for risk, as I've mentioned before - if you expect LTC to rise then just buy LTC. If anything, the rise of LTC can drive the difficulty too high to make ROI on a miner.

However if you're not too sure about the rise, want a hedge, expect LTC to stay flat or decline (but not too much), buying a miner might make sense depending on how you estimate difficulty for the next 3-6 months.

Thanks for all the help guys appreciate it

I think i will play it safe or safe as i want to play it with just the one miner, how many years have you guys been mining if you don't mind me asking and do you do it full time ?

I kinda let the boat sail with LTC years ago and regret it really...

[cashen]

Is there an easy way to switch pool other than updating the miner config section

[edonkey]

Is there an easy way to switch pool other than updating the miner config section

If you're looking for a way to manage a lot of miners, you could consider running a stratum proxy. In each miner you'd set the first pool to point at your proxy, with backup pools in case the proxy goes down.

This way you can change the pools in the proxy and all the miners will mine to it.

[cashen]

Is there an easy way to switch pool other than updating the miner config section

If you're looking for a way to manage a lot of miners, you could consider running a stratum proxy. In each miner you'd set the first pool to point at your proxy, with backup pools in case the proxy goes down.

This way you can change the pools in the proxy and all the miners will mine to it.

Thank you. I will search the forum on how to do this.

Thanks again.

If anyone else is interested I found this post helpful. https://bitcointalk.org/index.php?topic=123228.msg1325004#msg1325004

[Bulletdodger]

Hi guys,
I'm selling the original Bitmain APW3 PSU (1600W), not used, I got it with my L3, but I use platinum PC PSU (saves me some Watts),
the PSU is like 1 month old and it's just sitting in my house.

I will NOT ship to US, because it would literally cost around $80 to ship it from southeast Europe (unless there is some Yank willing to pay for that too).
So any of you from Europe or Middle East interested (or Africa I guess ), drop me a PM please.

tnx

[jstefanop]

but in truth they probably want to own the scrypt-pow network like bitcoin mining network to the point it is only profitable to them to mine in their

own data halls....but anyway my views on this (befuddled thou they are)

They already own it 1 month after selling the L3+. All the chinese pools which are more or less controlled/under the influence of bitmain account for 80+% of the hashrate currently.

[Searing]

but in truth they probably want to own the scrypt-pow network like bitcoin mining network to the point it is only profitable to them to mine in their

own data halls....but anyway my views on this (befuddled thou they are)

They already own it 1 month after selling the L3+. All the chinese pools which are more or less controlled/under the influence of bitmain account for 80+% of the hashrate currently.

That is where I'm confused. Why are they pumping equip to consumers, say 1/3 of stuff. And imho
1/3 hashnet cloud mining and 1/3 their data halls, if all difficulty is shooting up? Whizzing in their
own difficulty pool.

If they went full evil, they would limit equip now. All gone. Only supply and mine
Themselves keeping difficulty flat and make all those $$$ on their data halls and only
Offer hashnet to the world with inlated prices?

Why are they not controlling the flow of difficulty and supply?

Instead of a sprinkler to water the lawn, they are using a firehouse

I mean this is evil 101 for crying out loud

(I hate shoddy evil workmanship. Show some pride already)

[bittawm]

https://bitcointalk.org/index.php?topic=1908467.0


L3+ MAY SHIPPING $3500USD

[QuintLeo]

How do the pools setup work? why are there 3? does it switch?

 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.

[wck]

How do the pools setup work? why are there 3? does it switch?

 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.

I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.   

[crypticj]

How do the pools setup work? why are there 3? does it switch?

 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.

I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.   

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.

[Searing]

How do the pools setup work? why are there 3? does it switch?

 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.

I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.  

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.

me I just mine at 25% off the expected taxes I would have to pay on income I get off 100% off gross income ..again 25% off equipment in real $$$ saved I would have had to pay
the IRS...I just run them down to doorstops....it works quite well actually (2015 not so much) but still

so a 1370 may 15th order of 4 is (not including shipping I forget what that was) so say 1370 x 4 =   $5580.00 usd at 25% off is = $ 1370 savings x 75% ...so...in my case that is buy 4 get one FREE vs what I can mine out of them...I'm good and again legal miner USA paying income tax to IRS...but hell this works dandy

whatever...cost of doing business...if you can get the equipment at the right time and coin pumps that is

IT is not very complicated (ducks...hey don't throw stuff at me in the thread!)

 Dumb and lucky..sometimes it is just dumb and lucky wins the race

[crypticj]

How do the pools setup work? why are there 3? does it switch?

 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.

I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.  

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.

me I just mine at 25% off the expected taxes I would have to pay on income I get off 100% off gross income ..again 25% off equipment in real $$$ saved I would have had to pay
the IRS...I just run them down to doorstops....it works quite well actually (2015 not so much) but still

so a 1370 may 15th order of 4 is (not including shipping I forget what that was) so say 1370 x 4 =   $5580.00 usd at 25% off is = $ 1370 savings x 75% ...so...in my case that is buy 4 get one FREE vs what I can mine out of them...I'm good and again legal miner USA paying income tax to IRS...but hell this works dandy

whatever...cost of doing business...if you can get the equipment at the right time and coin pumps that is

IT is not very complicated (ducks...hey don't throw stuff at me in the thread!)

 Dumb and lucky..sometimes it is just dumb and lucky wins the race

Yup Dumb and Lucky in my case. I am so glad I did sell it at 0.29499 LTC per Mh its back down to 0.25 LTC per Mh I can buy it all back cheaper almost 80% of the value I paid.

Naah going to stick with my initial assesment hedge your bets diversify and de-risk.

To make my decision on whether to sell the Hash Rate I created a Model on Excel here I will share it.

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0


photos upload

[Searing]

How do the pools setup work? why are there 3? does it switch?

 Bitmain has traditionally used a "rollover" setup on pools, so that if pool 0 is down the miner will use pool 1 and if pools 0 and 1 are both down it will use pool 2.
 They normally autoswitch back to a lower pool number when it comes up, IME with the S5, but it might take several seconds to a minute to do so when it does so.


 IMO those folks asking $3500 are way high on their price - I could see charging $2000 as a "available now" surcharge but IMO $3500 is a blatant eBay-level ripoff.

I just sold my L3 hash on hashnest for over 0.29 LTC / MH ... that works out to over the $3500 L3 miner at LTC prices this morning.   If the market is there it isn't ripping people off.   People don't have to buy and people don't have to sell for low prices.  

I agree i think $3500 are justified... to be honest I also sold half my hash for 0.2949999 Mhs/LTC recuperated my intital $1900 investment left with 268Mh/s i think i will just let it run to mine some LTC as LTC just broke through $34 on Gdax and it looks like $50 is possible.

me I just mine at 25% off the expected taxes I would have to pay on income I get off 100% off gross income ..again 25% off equipment in real $$$ saved I would have had to pay
the IRS...I just run them down to doorstops....it works quite well actually (2015 not so much) but still

so a 1370 may 15th order of 4 is (not including shipping I forget what that was) so say 1370 x 4 =   $5580.00 usd at 25% off is = $ 1370 savings x 75% ...so...in my case that is buy 4 get one FREE vs what I can mine out of them...I'm good and again legal miner USA paying income tax to IRS...but hell this works dandy

whatever...cost of doing business...if you can get the equipment at the right time and coin pumps that is

IT is not very complicated (ducks...hey don't throw stuff at me in the thread!)

 Dumb and lucky..sometimes it is just dumb and lucky wins the race

Yup Dumb and Lucky in my case. I am so glad I did sell it at 0.29499 LTC per Mh its back down to 0.25 LTC per Mh I can buy it all back cheaper almost 80% of the value I paid.

Naah going to stick with my initial assesment hedge your bets diversify and de-risk.

To make my decision on whether to sell the Hash Rate I created a Model on Excel here I will share it.

https://docs.google.com/spreadsheets/d/10zdrYw3G1iworRHH25ncmLFOs6u6jSjfnrN9Dvr_ZYI/edit#gid=0


photos upload

The biggest change now on future equipment is on how I do the calculations. Before if I though LTC say was gonna double, I'd buy a bitmain unit
or so the logic goes....go with the gut but trust the math.

Now however, say that LTC went up to $50 per LTC ..... with bitmain pulling a 'firmware problem' the last time the coin went up 4x and/or with
seg witness..what is to stop them from saying the same thing and have a 'firmware error' if my 1 left coming July batch L3+ arriving 6 weeks late
while they mine with it!!!!

I had 8 L3's on April 1st or so...thru eastshore...eastshore said they 'literally' we're pulling them out of the trucks in bitmain's lot...I got 4 and they
took 4 back...and of course BTC limbo to get the coin back....firmware problem my ass......(also told by april 15th users that got L3+'s after
the firmware error was fixed the firmware was still dated Jan 2017)

So ...not sure...the frigging math has changed...large gains in coin price now means bitmain can just frigging do as they wish it seems...I'll
have to take that into consideration.I wonder if LTC hits $50-$75 bucks if I will even see my last L3+ on a July purchase....this could be
rinse/wash/repeat

AS for my evil wish

If they would just stop selling miners..mine themselves and just offer hashnet..I could live with that I mean really ..if you are gonna do
evil do it correctly....no pride in their work...wizzing in their own pool driving difficulty up....look at knc they took pre-orders on Neptune btc miners
in 2015 with customers money..filled up their data halls and mined them 5-6 months..then shipped the Neptune's late..and the owners got maybe
1/4 of the price back before they were door stops....completely screwed..and knc WON the court case against them too boot!

Bitmain has ...no pride in 'evil work' anymore...I blame the need to watch internet cats.... Not enough time to concentrate on doing evil well.