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

[MachineZero]

For shits & giggles I installed MacMiner on a IMac with a Radeon R9 M290X and attempted to mine Litecoin
Pretty laughable 15Kh/s vs the L3+ 504/Mh/s. Such a massive order of magnitude difference on a 2yo GPU vs modern ASIC.

The AntRouter R1-LTC even pulls 1.29Mh/s which is almost 100x performance of the GPU.

[wheelz1200]

For shits & giggles I installed MacMiner on a IMac with a Radeon R9 M290X and attempted to mine Litecoin
Pretty laughable 15Kh/s vs the L3+ 504/Mh/s. Such a massive order of magnitude difference on a 2yo GPU vs modern ASIC.

The AntRouter R1-LTC even pulls 1.29Mh/s which is almost 100x performance of the GPU.

That is crazy.  Just think where this will all be in 2 or 3 more years where these L3s will be on evay for $100 for museum keep sakes.  Haha the coninuous race

[MachineZero]

For shits & giggles I installed MacMiner on a IMac with a Radeon R9 M290X and attempted to mine Litecoin
Pretty laughable 15Kh/s vs the L3+ 504/Mh/s. Such a massive order of magnitude difference on a 2yo GPU vs modern ASIC.

The AntRouter R1-LTC even pulls 1.29Mh/s which is almost 100x performance of the GPU.

That is crazy.  Just think where this will all be in 2 or 3 more years where these L3s will be on evay for $100 for museum keep sakes.  Haha the coninuous race

In 3 years the yet to be conceived of L7+ will be a door stop as scrypt is will be pushing PH/s on latest miners.
I hope to see some competition and longer mining cycles by then. It'd be interesting if AMD, Intel or Nvidia or second tier chip maker got into the ASIC game.

[wheelz1200]

For shits & giggles I installed MacMiner on a IMac with a Radeon R9 M290X and attempted to mine Litecoin
Pretty laughable 15Kh/s vs the L3+ 504/Mh/s. Such a massive order of magnitude difference on a 2yo GPU vs modern ASIC.

The AntRouter R1-LTC even pulls 1.29Mh/s which is almost 100x performance of the GPU.

That is crazy.  Just think where this will all be in 2 or 3 more years where these L3s will be on evay for $100 for museum keep sakes.  Haha the coninuous race

In 3 years the yet to be conceived of L7+ will be a door stop as scrypt is will be pushing PH/s on latest miners.
I hope to see some competition and longer mining cycles by then. It'd be interesting if AMD, Intel or Nvidia or second tier chip maker got into the ASIC game.

Still a niche market but if one of those companies invested some time it would be interesting to see what would get pushed out.

[User705]

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?

It was a bad choice.

I mined 115 LTC, 18 GameCredits, 28500 DOGE and 0.055 BTC (via NiceHash) using two L3+between May 9 - June 5. Solo mining now, so stats are as of last block find.
Total value mined close to $4000. I can still sell those units now for 2800-3500 without effort, which is probably the price range you sold it for.

I presold one May unit on Ebay for 3100. I regret it. I also regret not buying the July batch as the LTC difficulty has subsided. I believe many are trying out the other scrypt alts that seem to make more per day than LTC. I think it is an illusion since you are looking at profitability whenever difficulty drops and readjusts back every block. Many alts have a high number of orphan blocks too.

My stats may not be representative of what everyone else is seeing. One of my L3+ has been extremely lucky. It mined 2 blocks on litecoinpool and 3 on tbdice. The other unit only mined 1 block on litecoinpool.

But how much LTC could you have bought?  May 9th LTC was $4 so you'd have 650 LTC for that money you spent on two units and now you have 115 LTC.  Nice ROI?!?!?

[MachineZero]

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?

It was a bad choice.

I mined 115 LTC, 18 GameCredits, 28500 DOGE and 0.055 BTC (via NiceHash) using two L3+between May 9 - June 5. Solo mining now, so stats are as of last block find.
Total value mined close to $4000. I can still sell those units now for 2800-3500 without effort, which is probably the price range you sold it for.

I presold one May unit on Ebay for 3100. I regret it. I also regret not buying the July batch as the LTC difficulty has subsided. I believe many are trying out the other scrypt alts that seem to make more per day than LTC. I think it is an illusion since you are looking at profitability whenever difficulty drops and readjusts back every block. Many alts have a high number of orphan blocks too.

My stats may not be representative of what everyone else is seeing. One of my L3+ has been extremely lucky. It mined 2 blocks on litecoinpool and 3 on tbdice. The other unit only mined 1 block on litecoinpool.

But how much LTC could you have bought?  May 9th LTC was $4 so you'd have 650 LTC for that money you spent on two units and now you have 115 LTC.  Nice ROI?!?!?

I think your dates are wrong. The last time it was $4 was in March. The L3 was sold out everywhere but had a much longer ROI period due to the prevailing price. It was segwit that spiked Litecoins to double digits and the preorder and announcement of L3+ was after. If you look at the beginning of this thread, it was announced on April 11th. LTC was 9.5-11.5 around the announcement/preorder. I think it was an unexpected bonus for miners when the price climbed to the 30s before shipping.

So you would have had to been lucky enough to be a big hodler prior to segwit. Afterwards it was more lucrative to preorder L3+ and mine, rather than buying LTC and holding the same day of announcement.

[User705]

You're right.  I was off on the dates but even at $10 buyers are still behind.  ROI in LTC is what matters and as stated in the beginning since only bitmain knows how many units they made/sold/will ship the pre-order buyer is at a massive information disadvantage.  Buy gear only when it's immediate delivery. 

[MachineZero]

You're right.  I was off on the dates but even at $10 buyers are still behind.  ROI in LTC is what matters and as stated in the beginning since only bitmain knows how many units they made/sold/will ship the pre-order buyer is at a massive information disadvantage.  Buy gear only when it's immediate delivery. 

Yes, on the day of L3+ announcement, a buyer of $10 LTC would be ahead at 200% today vs ~100% for most apr/may batch L3+.

However , if LTC stays at constant $30, with slightly increasing difficulty, eventually the L3+ buyer will edge out LTC buyer in 2.5-4 months. In fact, they will eventually surpass them as the LTC buyer has a static position, while the L3+ buyer has a dynamically growing position, if they are a hodler. Eventually, the price fluctuations will affect both positions equally as the L3+ earns as many coins as someone who bought outright. The only scenario there could never be a catchup is if Litecoin price spikes upward 5-10x very quickly, Bitmain floods the market heavily with L3+ to the point where the difficulty increase is atleast proportionately equal with prices. Then the L3+ LTC rewards can't reach the LTC buyer's position and the operating costs get near equal with mined coin value.

[User705]

Time will tell but one thing is certain the flood of units will continue because they are likely already max presold far into the future.  Also the unit buyer actually has a dynamically falling position since their income will keep falling and as always there is a slight but not insignificant risk of unit failure. This also doesn't take into account that the LTC could've been lent out for an even higher gain.

[jstefanop]

So looks like LTC1BTC's data center caught fire....over 2TH of hashrate has disappeared....

[VoskCoin]

So looks like LTC1BTC's data center caught fire....over 2TH of hashrate has disappeared....

How'd you determine this?

[crypticj]

So looks like LTC1BTC's data center caught fire....over 2TH of hashrate has disappeared....

Yeah I was wondering why the Network Rate is so horrible? Why its about to drop 20%?

[kurbeks]

Nothing has catched fire. Just few other coins became much more profitable. Especially one who doesn't show up on minning calcs, but are minned with 2-3Thash/S

[crypticj]

Nothing has catched fire. Just few other coins became much more profitable. Especially one who doesn't show up on minning calcs, but are minned with 2-3Thash/S

Lite what? what other scrypt coins are so profitable?

Edit: I think its Digibyte scrypt algo

[Searing]

So looks like LTC1BTC's data center caught fire....over 2TH of hashrate has disappeared....

Yeah I was wondering why the Network Rate is so horrible? Why its about to drop 20%?

yeah....I just sit on my hands..everyone runs to a multipool and mines ....I wait 3.5 days and the difficulty drop comes and I make it on the other side on

www.litecoinpool.org

I suppose I could multipool and then move back etc and make more..but at a 3.5 day difficulty adjustment.....I guess I'm too lazy.

Anyway ..how I roll

[Moxymore]

Quick question guys : do you really think it will be worth it to invest now in a L3+ which will be delivered at mid spetember 2017?

I was out from minning for a year or so, and really want to know if this investment isn't too late already...

Regards.

[Albortz]

Quick question guys : do you really think it will be worth it to invest now in a L3+ which will be delivered at mid spetember 2017?

I was out from minning for a year or so, and really want to know if this investment isn't too late already...

Regards.

How should we know?  everybody hear is freaking out because bit main sells so many batches, yet no one know how many miner are sold per batch. I believe they have sold the miner that were not payed in time as a second batch (in july). would make sense if they have only 10 days between batches being sold out and re-listed 4 days later with 10 days shipping difference. Doesn't make sense to split with such short timeframe....


Anyhow, since no one can tell you if or if not innosilicon brings out a new machine or Bitmain somehow comes threw with L4 (i doubt it since the L3+ are the best machines right now, so no completion to beat) I would say go for it.


Worst thing that happens is you get your Miner, and shortly after a new one comes. That does not mean your miner is not profitable anymore right away...


I think if everyone would watch $ revenue and profit instead of freaking out that the LTC or BTC payout becomes smaller they would be better off...

[kurbeks]

Nothing has catched fire. Just few other coins became much more profitable. Especially one who doesn't show up on minning calcs, but are minned with 2-3Thash/S

Lite what? what other scrypt coins are so profitable?

Edit: I think its Digibyte scrypt algo

Yep 1/5 block of DGB is scrypt, also other coin is Dnote. And one with 3.8Thash is BCC

[rosmo01]

Does anybody know whether or not the Bitmain order numbers are serial, or just random? If serial, it's a huuuuge number of orders the last 24hrs - 99K increase since yesterday !! Which doesn't really seem likely either....

[edonkey]

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.