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

[kalombo]

You can now mine around 29 LTC a month . That will drop to 24-26 for next month... In other words, you will get your money back until Oct-Nov if you start mining now.
I still believe that you will be able to ROI even if you start in Sept  - Dec.  But not sure for after that ....

[kurbeks]

Hi current owners of Antminer L3+.

Question:

1. How much are you actually make in June and how much for the first half of July? using 1 x Antminer L3+?

2. I can get my hands on Antminer L3+ at the $2700-3000 US price range. Power $0.03. In your opinion should I proceed and get it to is this boat long sale away and I will never ROI my investment? Giving that next batch is around the corner and difficulties will sky rocket again.

At 3 cents electricity you will ROI almost anything. Would definately buy. Especially if you will mine something other than LTC.

[Albortz]

Hi current owners of Antminer L3+.

Question:

1. How much are you actually make in June and how much for the first half of July? using 1 x Antminer L3+?

2. I can get my hands on Antminer L3+ at the $2700-3000 US price range. Power $0.03. In your opinion should I proceed and get it to is this boat long sale away and I will never ROI my investment? Giving that next batch is around the corner and difficulties will sky rocket again.

You can mine a lot longer than anyone else with with price of electricity. But you can mine so many coins today, its ridiculous to only look on LTC. if you just wanna buy one machine its even easy to hop pools and mine daily the most profitable or least profitable. Then sell every coins once they get pumped and are on place 1 in the daily ranking

[bcarter]

Hi current owners of Antminer L3+.

Question:

1. How much are you actually make in June and how much for the first half of July? using 1 x Antminer L3+?

2. I can get my hands on Antminer L3+ at the $2700-3000 US price range. Power $0.03. In your opinion should I proceed and get it to is this boat long sale away and I will never ROI my investment? Giving that next batch is around the corner and difficulties will sky rocket again.

At 3 cents electricity you will ROI almost anything. Would definately buy. Especially if you will mine something other than LTC.

That is probably true, when we talk about ASICs. I try to see what ROI I get on GPU rigs and if taking in consideration rising difficulties, I just don't see it happening. Unless I don't see something. 1080 Ti gives you $2-3 per card. 10 (Cards)*$3*365(day in a year)=$10950 (Profit) - 10 (# of cards)*$1068 (cost per card over here)=$270 thats all there is left, and if consider difficulty, closer to the end of the 365 days, it's probably will be -. Of course you still have the hardware value but...I guess you can mine for the coin in the hope that one day coin goes to the moon. But as a startup, seems that ASIC (Antminer L3+ specifically) is better way to go.

[kariverson]

Heh Bitmain shipped my miner but never got the tracking number in an email haha, good thing I checked my order status. 18th it'll be here! HYPE!!!

[pdpanzer]

I made some estimates. I think Bitmain may have sold already 40k (up to sept batch). That's 20 Th/s. Plus 3 we had before L3/L3+ = 23 by end of sept. Litecoin may hoover around $30 for a while with 2017 uncertainty, which will make L3+ maybe make $10 PER DAY or $300 per month (1 oct +). Depending on future batches timing, you may not return enough with L3+ to repay cost in 6 mo (sept batch). Break even = 12mo+. If the price of ltc goes to $60 break even may be 4 months.

I estimated 40k because ltc added 5K Th/s until before July batch. And that is 95% L3+, about 10,000 units. So I assume 10k per month. If Bitmain sold many more (as happened with bitcoin in past) ROI no there except very early buyers. Which makes next batches very risky, and only way out is a 1 Ghs version, which screws past buyers even faster.

Remember, Mainbit holds huge amount of interest in bitcoin and lite coin. They want price up, which requires coin utility up (capacity), it requires that they don't hoard too much (nobody wants risk of a "sole proprietor") and that capacity up to sustain growth. Bitmain, behind scenes, invites new investors in the form of equipment. It's akin to ICOs (but not "initial") in a sense. So long as they control the Asic they control "issuance" in a sense, and the coin.

All that you see happening (Charli in cdx, the join dev team again, exchange in Japan, etc.) is because crypto companies with PoW business models (e.g.. bitmain) need a bit of diversification of bitcoin, and while bitcoin devs have huge power, PoW whales have the actual infra to make transactions safe. Bitcoin dev think bitcoin could be huge without basic...not true. Transaction cost would have made bitcoin be like $200 MAYBE. PoS coins nice in theory, but huge risks. And greedy. They make you buy coins to earn coins by staking.

I think people underestimate how much a coin success on a delicate balance of bringing new investors in, adding capacity, promoting adoption (use cases and reach) and a stable growth of the price. And behind all this, lies Mainbit (at least for ltc and btc). If you make reasonable (not exuberant) money with Bitmain L-series means Bitmain assess that is good for coin future. If you don't, they consider people will pay the capacity and grwoth for free or negative ROI (they constantly need influx of dumb investors, not sustainable and a show stopper mid term). If you make exuberant profit they allow some temporary hype (see it as "marketing" or miscalculated a bit and will react next time).

All in all, you are a means for Bitmain overall plan, and if you do or not, do well, 90% is Bitmain choice. And 10% getting the first batch of anything they produce and never anything else.

My hope is Bitmain understands all this. I cannot fathom that they do not, since they could not be who they are, without these basic premises.

Sorry about typos/crude language (tendonitis! = one hand)

[Beyondo]

Bitmain will sell more after they've finished burning in the newest batches ... and by burn in I mean testing on network for 4 months 

[leowonderful]

You can now mine around 29 LTC a month . That will drop to 24-26 for next month... In other words, you will get your money back until Oct-Nov if you start mining now.
I still believe that you will be able to ROI even if you start in Sept  - Dec.  But not sure for after that ....

With the kind of sales Bitmain have likely gotten, difficulty can easily triple within a month. Your ROI will drag out significantly, and we don't even know if Bitmain is developing another more refined ASIC, which is possible given the newness of their Scrypt developments. As of now I can safely say more than 50% of LTC network hashrate is L3+s, and this will likely increase with time.

Remember, do not buy more than you can afford to lose.

[abstmain]

solds? hahahaha

[pdpanzer]

You can now mine around 29 LTC a month . That will drop to 24-26 for next month... In other words, you will get your money back until Oct-Nov if you start mining now.
I still believe that you will be able to ROI even if you start in Sept  - Dec.  But not sure for after that ....

With the kind of sales Bitmain have likely gotten, difficulty can easily triple within a month. Your ROI will drag out significantly, and we don't even know if Bitmain is developing another more refined ASIC, which is possible given the newness of their Scrypt developments. As of now I can safely say more than 50% of LTC network hashrate is L3+s, and this will likely increase with time.

Remember, do not buy more than you can afford to lose.

I agree. It could be they sold more than 40k units since they started the L3+, and new asic is likely to happen -  we just don't know if in 1 mo or 24 months. Bitmain alone control the hash rate (selling it or using they own). They get to choose if their clients make money or lose. I mean, they can exactly calculate this except for some coin price variation. My guess is they want to grow lite coin and selling miners isa very small part of their entire strategy. They want to continue to encourage deploying capacity for litecoin and there must be a very good reason we don't know.

[kalombo]

I really hope they do think long term. Because building those machines needs a small factory, working power and research. So it's not that it's a 3 people operation from a garage or something.

So if they want to keep this up and running, and keep the interest of people high in the future for other machines, they should slow down with the production. They could always sell their 500mh/s on hashnest for 6000$us, ok, but guys, the machines.... slow it down!

If they destroy LTC just to get rich over 3-4 months of selling those machines, i think it is a LAME strategy for ANY business in the word. If Bitmain wants to  have a good reputation ( because they are doing a very good job creating those ) , then be smart and let the market breathe.... Let LTC RECOVER from this bloodbath , especially that now LTC will stabilize around 30, you can't step on an open wound guys...

If you read this, you are going to SUICIDE if you keep selling at this rate. It's sweet for now, but trust me, the momentum is wrong to do that. The S9 is selling well coz it's bitcoin. Let LTC reach crazy highs, and then do whatever you want. Just not now.

My advise is to start selling the next batch in November , not now...

Thank you

[donationbox]

Does anyone have experience with Parallel Miner PSUs?  They claim their 2400 W model can power up to 3 L3+s, but L3+ has power requirement of 800W + 10% which will exceed that 2400 W.

Also, how reliable are the Parallel Miner PSUs?  Any feedback from someone from direct experience will be much appreciated.

Thanks.

[Searing]

Does anyone have experience with Parallel Miner PSUs?  They claim their 2400 W model can power up to 3 L3+s, but L3+ has power requirement of 800W + 10% which will exceed that 2400 W.

Also, how reliable are the Parallel Miner PSUs?  Any feedback from someone from direct experience will be much appreciated.

Thanks.

I'd just get the 105 buck version and run ONE psu per L#+ as the site says.....

shop.bitmain.com

The price is right and they flat out state it will work fine on ONE S9 or ONE L3+ with 1 year warranty

[ciripel1289]

Had anyone ever tried to take the antminer inside a briefcase and take it with him overseas? And what consequences may be if smb see it?

? It is metal mate? Not nitrogliceryne, dinamite, drugs or guns

[cienki77]

Had anyone ever tried to take the antminer inside a briefcase and take it with him overseas? And what consequences may be if smb see it?

? It is metal mate? Not nitrogliceryne, dinamite, drugs or guns

Well, I'm considering taking 2 with me in hand luggage to the plane. I guess it should be ok?

[geobull]

current L3 is out of stock.  if anyone wanna get them contact me by pm.  its possible to get one 3500-4000 $ range.  less then other re sellers

[geobull]

update:

anyone know other trusted sellers where we can buy L+3 Miner ?  please post here

[kalombo]

I really believe that now that the september batch is sold out , it is not worth it to jump in and purchase any similar machines for the possible next batch.

And since no one will buy, Bitmain will understand the problem and slow down batches. Either way , people can also control Bitmain in a certain way.

[Smuft]

Does anyone have experience with Parallel Miner PSUs?  They claim their 2400 W model can power up to 3 L3+s, but L3+ has power requirement of 800W + 10% which will exceed that 2400 W.

Also, how reliable are the Parallel Miner PSUs?  Any feedback from someone from direct experience will be much appreciated.

Thanks.

also wanted to know about this

Does L3+ use the full 800w it says it does?

[kalombo]

and it's going up....

Litecoin Difficulty:   279,351
Estimated Next Difficulty:   294,235 (+5.33%)
Adjust time:   After 995 Blocks, About 1.6 days
Hashrate(?):   9,166 GH/s