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guclu
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July 16, 2017, 07:20:08 PM |
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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
%5 expected? wow... I hope it won't go on like this but L3+ shipments are on the way and it's probably going up, up & up in the near future  |
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kalombo
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Activity: 70
Merit: 10
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July 16, 2017, 07:23:22 PM |
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I calculated my whole thing with a difficulty if 350-400k by end of august...
let's see
BITMAIN , don't kill LTC!!
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kenrom
Newbie
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Activity: 51
Merit: 0
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July 16, 2017, 10:49:21 PM |
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So i have a noobish question but i can't seem to find a straight answer.....
example:
lets say i want to mine a scrypt coin..
the device I have is a L3+ which does 504 MH\s but I'm mining in a pool that has a hash rate of 108.8 Mh/s....
my question is does the pool hashrate determines how fast i can mine although i have a device that can mine at a faster rate aka throttling?
thanks in advance for your replies..
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BigBall
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July 16, 2017, 11:02:29 PM |
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Oh nice new antiminer I like that  .So how much this anminer l3 cost and how much it will bring us profit per month if we like example live in america and also if i want earn 5000$ per month how much antminer l3 devices i must buy? |
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pdpanzer
Newbie
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Activity: 56
Merit: 0
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July 16, 2017, 11:06:19 PM |
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So i have a noobish question but i can't seem to find a straight answer.....
example:
lets say i want to mine a scrypt coin..
the device I have is a L3+ which does 504 MH\s but I'm mining in a pool that has a hash rate of 108.8 Mh/s....
my question is does the pool hashrate determines how fast i can mine although i have a device that can mine at a faster rate aka throttling?
thanks in advance for your replies..
Find a bigger pool. That one is like mining solo. |
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SplinterZalinsk
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July 16, 2017, 11:26:10 PM
Last edit: July 17, 2017, 12:57:31 AM by SplinterZalinsk |
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LTC price is strong and climbing despite the BTC bloodbath... Who is the bitch now?  hehee This is good for those who say litecoin's karma is to be the bitcoin's bitch with the wrong interpretation about the gold/silver analogy (which makes sense in many aspects). |
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kenrom
Newbie
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Activity: 51
Merit: 0
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July 16, 2017, 11:34:36 PM |
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So i have a noobish question but i can't seem to find a straight answer.....
example:
lets say i want to mine a scrypt coin..
the device I have is a L3+ which does 504 MH\s but I'm mining in a pool that has a hash rate of 108.8 Mh/s....
my question is does the pool hashrate determines how fast i can mine although i have a device that can mine at a faster rate aka throttling?
thanks in advance for your replies..
Find a bigger pool. That one is like mining solo. Thank you kind sir for your reply... |
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pdpanzer
Newbie
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Activity: 56
Merit: 0
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July 17, 2017, 12:32:38 AM |
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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
%5 expected? wow... I hope it won't go on like this but L3+ shipments are on the way and it's probably going up, up & up in the near future I estimated around 23 TH/s for early Oct. But maybe it'd much more or maybe less. If it's more, Sept. batch will be a huge and hard to forget disaster. Mainbit cost of production may be $500 approx. and the have very low operation costs, but they also suffer if they over sell. So long a no competitor threatens, I don't see why they'd try to kill ROI of their products. After all they need people to buy them so as to not own too much mining as to destroy coin, as they hold a huge amount and biggest benefit is price increase. |
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Rabinovitch
Legendary
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Activity: 2030
Merit: 1076
BTCLife.global participant
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July 17, 2017, 02:29:56 AM |
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Guys, one hashing board of my L3+ became faulty past week. There are no any visible damages, missing of burned elements. It's simply not hashing. This is my first faulty unit by Bitmain...  |
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Liquid71
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July 17, 2017, 03:48:04 AM |
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I really hope they do think long term. Because building those machines needs a small factory, working power and research. So it's not that it's a 3 people operation from a garage or something.
So if they want to keep this up and running, and keep the interest of people high in the future for other machines, they should slow down with the production. They could always sell their 500mh/s on hashnest for 6000$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
You're a complete hypocrite, you only care about your profits not theirs. And higher hashrates are what protect the coin, so if you cared about litecoin a higher hashrate and difficulty makes the blockchain more secure. I have a few L3+ on the way but I understand my role as a miner is to compete for rewards in return for securing the blockchain. It's not up to chip manufactuers to make me profitable. if the price of Litecoin rises with difficulty then it doesn't matter, mass produce chips and everyone wins, blockchain more secure and hopefully it attracts more competition to litecoin mining chip manufactures because that is the real need. Not less miners but more competition from more companies so one company doesn't wield so much power over the blockchain. I find it funny when people think they are buying a money making machine and the company selling it has a responsibility to ensure their profitable. If they were going to make sure the miners were profitable then why would they sell them at all? Makes zero sense. Mining is a risk, that's only reason they sell to the public at all to spread the risk. |
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pdpanzer
Newbie
Offline
Activity: 56
Merit: 0
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July 17, 2017, 04:17:59 AM |
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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
You're a complete hypocrite, you only care about your profits not theirs. And higher hashrates are what protect the coin, so if you cared about litecoin a higher hashrate and difficulty makes the blockchain more secure. I have a few L3+ on the way but I understand my role as a miner is to compete for rewards in return for securing the blockchain. It's not up to chip manufactuers to make me profitable. if the price of Litecoin rises with difficulty then it doesn't matter, mass produce chips and everyone wins, blockchain more secure and hopefully it attracts more competition to litecoin mining chip manufactures because that is the real need. Not less miners but more competition from more companies so one company doesn't wield so much power over the blockchain. I find it funny when people think they are buying a money making machine and the company selling it has a responsibility to ensure their profitable. If they were going to make sure the miners were profitable then why would they sell them at all? Makes zero sense. Mining is a risk, that's only reason they sell to the public at all to spread the risk. Don't get extreme. Bitmain, if they wanted to be transparent, could state how many they produce per batch, and we could decide if to add capacity to the net now or wait. Since they don't one has to assume they don't oversell that buying the product makes no sense. To put an analogy, it's like selling tickets to Disneyland. What would be sentiment of purchasing tickets and on arrival at the park the queues for any ride be 6 hours? Well, that actually happened, and they had to create FastPass, otherwise they make great money now but destroy the park reputation. If they oversell irresponsibly I will never forget. And they DO need to sell instead of just mine themselves. L3+ will be 90% of the hash rate very soon. Litecoin would be worth $0.1 if they alone owned 90% of the hash rate, as decentralization would be destroyed, and at mercy of selfish mining and 51% attacks. So I think you are right in that they are not miners nannies, and many buyers' wishes that hashing L3+ provides some ROI is selfish, just as it's also true it's not just another company but the one responsible for the product that will hash 90% of blocks regardless, and they get to decide if they clients make a profit or no (so long as they don't have a very close competitor this will remain true). It's also obvious and you seem to miss they need buyers and can't just keep it all for themselves and expect the coin to succeed. |
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SplinterZalinsk
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July 17, 2017, 04:49:56 AM |
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Guys, one hashing board of my L3+ became faulty past week. There are no any visible damages, missing of burned elements. It's simply not hashing. This is my first faulty unit by Bitmain... What batch and PSU (110V or 220V)? For how long has that unit was running smoothly? |
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kalombo
Member
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Activity: 70
Merit: 10
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July 17, 2017, 07:46:13 AM |
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Let me clarify:
We all want to gain, we all want to win, we all want to make money. Whether it's for us, our family , whatever.
The point here is that buying miners is an investment. You give some of your hard earned money to purchase equipment. They are not money machines or printers printing money. But EVERYONE of us is buying after days of calculating the mining profitability on coinwarz and others. So yes, YOU DO CARE ABOUT MONEY. So first learn the real reason why you purchased the L3+ , and stop calling me a hypocrite. Also it does help playing it like you are the mother Theresa of crypto currency, telling us that you didn't buying a money making machine, but you bought them with the bright idea that you will contribute to the crypto industry by solving transactions for LTC. Please...
Take a look at Baikal. Even the small 150mhs mini miners keep selling at high prices. They are discontinued, but still selling around 1000-1500$us.
They don't mass produce. x11 was sold out on Genesis, and look how they keeping it healthy buy limiting the purchases at 100$/day / person. Look how people get excited when Baikal releases a miner or when they anounce they have some units back in stock...
Bitmain is doing a great job, dont get me wrong. But if every 3 weeks they have new batches of thousands of units, we will soon need 4-5 L3+ in order to mine what 1 L3+ is mining today. This means that at 40LTC/machine , it wont be profitable to purchase 4 machines at 160LTC to mine 25 LTC a month....
I will keep saying, if Bitmain keeps selling, THEY will get fucked. Not me , not you. Because at the end , we will ROI, and then stop mining. But they will run out of business IF if it becomes impossible to mine LTC at a profit. Of course they will come out with a 1000mh/s machine soon, and mass sell that one... But it is not a healthy strategy to sell like that. Regardless of the outcome of all that, it is just not healthy at all.
Be well
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Albortz
Sr. Member
Offline
Activity: 420
Merit: 250
Tax Attorney - Investor - Entrepreneur
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July 17, 2017, 10:08:01 AM |
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Let me clarify:
We all want to gain, we all want to win, we all want to make money. Whether it's for us, our family , whatever.
The point here is that buying miners is an investment. You give some of your hard earned money to purchase equipment. They are not money machines or printers printing money. But EVERYONE of us is buying after days of calculating the mining profitability on coinwarz and others. So yes, YOU DO CARE ABOUT MONEY. So first learn the real reason why you purchased the L3+ , and stop calling me a hypocrite. Also it does help playing it like you are the mother Theresa of crypto currency, telling us that you didn't buying a money making machine, but you bought them with the bright idea that you will contribute to the crypto industry by solving transactions for LTC. Please...
Take a look at Baikal. Even the small 150mhs mini miners keep selling at high prices. They are discontinued, but still selling around 1000-1500$us.
They don't mass produce. x11 was sold out on Genesis, and look how they keeping it healthy buy limiting the purchases at 100$/day / person. Look how people get excited when Baikal releases a miner or when they anounce they have some units back in stock...
Bitmain is doing a great job, dont get me wrong. But if every 3 weeks they have new batches of thousands of units, we will soon need 4-5 L3+ in order to mine what 1 L3+ is mining today. This means that at 40LTC/machine , it wont be profitable to purchase 4 machines at 160LTC to mine 25 LTC a month....
I will keep saying, if Bitmain keeps selling, THEY will get fucked. Not me , not you. Because at the end , we will ROI, and then stop mining. But they will run out of business IF if it becomes impossible to mine LTC at a profit. Of course they will come out with a 1000mh/s machine soon, and mass sell that one... But it is not a healthy strategy to sell like that. Regardless of the outcome of all that, it is just not healthy at all.
Be well
Are you lost or just fucking stupid.... If you are worried about the investment you should just sell your machines again. We had 1 freaking batch that was available only in LTC and the last one already accepted wire transfers again. If you think the 40LTC value are worth more in 1 year by buying and holding them instead of mining, buy it and stop bitching... A fucking miner cost around 2k dollar right now, pay with cash, mine WHATEVER fucking coin you want and after 12 month you will have a ROI. Will it be less than 40LTC? Who cares if you want to mine, want to support the network and want to be part of the security that it prolongs! If you are just looking on your LTC investment vs LTC output, stay in you dark room, crunch numbers and buy yourself 40LTC... You are all so high on the recent rally its ridiculous. Tell any banker you make 100% ROI on your investment (again you will make more than 2k dollar after 12 month no mater what you mine) and he will laugh in your face And Bitmain will not go out of business. They don't need your stupid 2k for a miner. They can mine themselves, sell the coins and all is well. The only reason they sell some are that people like you think they are big shots who won the lottery with their magic machine |
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wheelz1200
Legendary
Offline
Activity: 3598
Merit: 1406
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July 17, 2017, 11:39:05 AM |
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guys easy up,.. there is no reason for them to sell to many miners L3, bcs LTC dont have so many transactions yet to be needed,..there was the news that BITMan is mining empty blocks,...whats the point of that?...profit nothing else, and i saw also that 25LTC reward is also mined,...crazy, just crazy, it sounds like greensoan printing dollars..
 Do you know how mining works? |
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geobull
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July 17, 2017, 01:53:58 PM |
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hello I want to buy 3-4 L+3 if anyone have for sell.... help
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shoaib39
Member
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Activity: 136
Merit: 10
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July 17, 2017, 02:18:08 PM |
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Hello everyone, I am from Mumbai, India I have trouble for Receiving LTC miner, Please help,
Today at morning i got this emaip from DHL,
This is to inform you that subject waybill no. shipment on hold in Delhi customs, please provide below mention docs for clearance of the shipment from customs.
1. Filed GATT Declaration by consignee as per the custom rule(Format attached of GATT, both pages duly signed stamped by authorized person )
2. IEC code ( Please note that Invoice address should be tally with the IEC address)
3. Write up/ End Use / content clarification of the item, if catalogue is available so please provide the same also.
Please do something, because i dont have Import and Export License. I doing this 1st time.
I am not a Regular exporter, I don't have GATT, Please Help. What to do Now and what will be next.
Please help.
Thank you.
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Albortz
Sr. Member
Offline
Activity: 420
Merit: 250
Tax Attorney - Investor - Entrepreneur
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July 17, 2017, 02:49:37 PM |
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Hello everyone, I am from Mumbai, India I have trouble for Receiving LTC miner, Please help,
Today at morning i got this emaip from DHL,
This is to inform you that subject waybill no. shipment on hold in Delhi customs, please provide below mention docs for clearance of the shipment from customs.
1. Filed GATT Declaration by consignee as per the custom rule(Format attached of GATT, both pages duly signed stamped by authorized person )
2. IEC code ( Please note that Invoice address should be tally with the IEC address)
3. Write up/ End Use / content clarification of the item, if catalogue is available so please provide the same also.
Please do something, because i dont have Import and Export License. I doing this 1st time.
I am not a Regular exporter, I don't have GATT, Please Help. What to do Now and what will be next.
Please help.
Thank you.
You should be able to import goods from outside the country without a license. I would advise you to simply call the border control or the number (I assume there will be a number in the email) and ask what you need to do because you are not a business. Except for that, I don't think you will find better help here, unless there is a indian customer who already had the same problem and also reads this... Good luck |
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shoaib39
Member
Offline
Activity: 136
Merit: 10
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July 17, 2017, 02:53:18 PM |
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Hello everyone, I am from Mumbai, India I have trouble for Receiving LTC miner, Please help,
Today at morning i got this emaip from DHL,
This is to inform you that subject waybill no. shipment on hold in Delhi customs, please provide below mention docs for clearance of the shipment from customs.
1. Filed GATT Declaration by consignee as per the custom rule(Format attached of GATT, both pages duly signed stamped by authorized person )
2. IEC code ( Please note that Invoice address should be tally with the IEC address)
3. Write up/ End Use / content clarification of the item, if catalogue is available so please provide the same also.
Please do something, because i dont have Import and Export License. I doing this 1st time.
I am not a Regular exporter, I don't have GATT, Please Help. What to do Now and what will be next.
Please help.
Thank you.
You should be able to import goods from outside the country without a license. I would advise you to simply call the border control or the number (I assume there will be a number in the email) and ask what you need to do because you are not a business. Except for that, I don't think you will find better help here, unless there is a indian customer who already had the same problem and also reads this... Good luck Thanks for your reply bro, I told him to DHL lets see that will be happening tomorrow, I will update here, And please if anyone know about this problem please reply here. |
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Thetaj
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July 17, 2017, 03:54:50 PM |
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Calm down guys........I bought the last batch of the september batch L3+ miners. They only sold me 50 and it went out of stock after I ordered.
But seriously, I thought you guys knew how this works? we get around 5-10% profit in 6 month and then we buy more miners? Why is everyone acting all distraught like someone killed their grandma? Crypto-mining is nothing new and its been like this for the past 6 years, why did you think it would change now?
I have free electricity......so its actually the only reason I'll probably profit from mining. But I also want to support the ecosystem for what its worth, I do believe Litecoin has a potential to truly help alot of SEA countries and people.
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