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

[A.Delaney]

Batch online now $2378, delivery 10 business days. I'll pass, mine is mining $15 a day

This pretty much what an L3+ brings in these days? That dropped off. It should do better once the LTC price comes back up though right?

Well yes and no.

By the time LTC goes back up (if at all) many new miners will be shipped and they will most likely exceed the number of miners broken by that time. So its kinda a wash

A wash because difficulty will be so high?

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[Albortz]

Batch online now $2378, delivery 10 business days. I'll pass, mine is mining $15 a day

This pretty much what an L3+ brings in these days? That dropped off. It should do better once the LTC price comes back up though right?

Well yes and no.

By the time LTC goes back up (if at all) many new miners will be shipped and they will most likely exceed the number of miners broken by that time. So its kinda a wash

A wash because difficulty will be so high?

Yes if difficulty would stay where it is right now and it takes 4 months for LTC to go back to 300$ Your Profits per day would double (more or less)

But assuming the price would go up and at the same time more miners go online = difficulty raises. you will receive less LTC per day. These lower LTC payments multiplied by the new higher exchange rate, do not automatically result in higher Dollar Payouts compeared to today

[Searing]

Batch online now $2378, delivery 10 business days. I'll pass, mine is mining $15 a day

This pretty much what an L3+ brings in these days? That dropped off. It should do better once the LTC price comes back up though right?

Well yes and no.

By the time LTC goes back up (if at all) many new miners will be shipped and they will most likely exceed the number of miners broken by that time. So its kinda a wash

A wash because difficulty will be so high?

Yes if difficulty would stay where it is right now and it takes 4 months for LTC to go back to 300$ Your Profits per day would double (more or less)

But assuming the price would go up and at the same time more miners go online = difficulty raises. you will receive less LTC per day. These lower LTC payments multiplied by the new higher exchange rate, do not automatically result in higher Dollar Payouts compeared to today

yeah, kinda what I figured...with difficulty rise...even it the LTC price went back to say $250..by March 2018..it would be LTC for LTC..you'd probably break even...

of course if LTC price stays in the $150 buck to $200 range with difficulty ..my guess (and I mean guess) is that you'd lose out.....

if you don't need the equip...my advice is run the stuff you have into doorstop status...if the price goes sideways and tanks...well just have to make enough above elec

and you are still golden..if the price goes up ...again with the difficulty..same thing only a few more months of the above.....

me..not looking at anything till maybe June 2018 (of course this can change at a whim on my part)

[kenji]

Batch online now $2378, delivery 10 business days. I'll pass, mine is mining $15 a day

This pretty much what an L3+ brings in these days? That dropped off. It should do better once the LTC price comes back up though right?

Well yes and no.

By the time LTC goes back up (if at all) many new miners will be shipped and they will most likely exceed the number of miners broken by that time. So its kinda a wash

A wash because difficulty will be so high?

Yes if difficulty would stay where it is right now and it takes 4 months for LTC to go back to 300$ Your Profits per day would double (more or less)

But assuming the price would go up and at the same time more miners go online = difficulty raises. you will receive less LTC per day. These lower LTC payments multiplied by the new higher exchange rate, do not automatically result in higher Dollar Payouts compeared to today

Remember to consider all the money you get back when you go to sell the machines.

[Searing]

Batch online now $2378, delivery 10 business days. I'll pass, mine is mining $15 a day

This pretty much what an L3+ brings in these days? That dropped off. It should do better once the LTC price comes back up though right?

Well yes and no.

By the time LTC goes back up (if at all) many new miners will be shipped and they will most likely exceed the number of miners broken by that time. So its kinda a wash

A wash because difficulty will be so high?

Yes if difficulty would stay where it is right now and it takes 4 months for LTC to go back to 300$ Your Profits per day would double (more or less)

But assuming the price would go up and at the same time more miners go online = difficulty raises. you will receive less LTC per day. These lower LTC payments multiplied by the new higher exchange rate, do not automatically result in higher Dollar Payouts compeared to today

Remember to consider all the money you get back when you go to sell the machines.

I sell my machines.....1/2 of what I get goes to IRS anyway..(at my current rate 40% about and 10% state tax rate) ...so I'm running them into doorstops...I ALMOST sold

my 10 KNC Titans for 1 BTC each at $1,000 BTC in Jan 2017....man...would I a be a crying now....

no, will just run all my pow scrypt into the ground......perhaps another price pump will save me...(hey, doubtful...but still kool aid drinking if not buying ASICs till June 2018 or

at least not looking at such till then)

what the hell..I know zip...just how I see it

[rampantparanoia]

why not mine other coins that have a better outlook for rallies than LTC? perhaps GAME or some other scrypt token which hasn't had an absurd rise in the past few months? that's what i'm doing w/ my L3+... just mining and holding til the big rise

[Searing]

why not mine other coins that have a better outlook for rallies than LTC? perhaps GAME or some other scrypt token which hasn't had an absurd rise in the past few months? that's what i'm doing w/ my L3+... just mining and holding til the big rise

yeah..well my bet is proportional so to speak

I remember $4.15 LTC to $60

then $60 to current $160

so, in the past anyway, LTC seems to keep its value when BTC dumps and seems to be slow on uptake when it pumps

I'm kinda treating it like a 'savings bond'

Then again probably biased..if I'd only kept those mined on litecoinpool 14,000 or so LTC and been on the other side of the NORMAL folk of the time...like 99.999% that converted to BTC

I'd be golden...

I mean really! I"m just trying NOT to spend my 400 LTC hoard. (original goal was 1,000 nope, then 750 nope...then 500  nope.... a trend here)

anyway, my real risk/bet is LISK ...got a mess of that at the ICO (pump baby, pump) and a whole 6.9 Dash

and the BTC hoard (which thou shall never touch..unless gold digging escort dancers are involved....)

funny, heard for some reason if you go into a jiggle bar and announce you have a lot of crypto...you are more attractive...go figure

anyway....just leave my 400 LTC alone world.... it is just a little hoard......at least let me keep that much for old times sake!

(my life goals need some work)

brad

[BenRickert]

....yet here  we are....(as I predicted) difficulty going up while coins prices go down. Soon it will be raining blood in our little world as all these stunned dimwits from corporations and new miners, all jump into the pool at once. Won't be safe to buy or mine again until all the easy money morons get the hell out of the pool.

[Searing]

....yet here  we are....(as I predicted) difficulty going up while coins prices go down. Soon it will be raining blood in our little world as all these stunned dimwits from corporations and new miners, all jump into the pool at once. Won't be safe to buy or mine again until all the easy money morons get the hell out of the pool.

So far, I figure the following:

1) IF the BTC price goes back up to 20k and say 500 buck LTC etc....and everyone is yelling for scrypt-pow miners....I'll still be golden with my 'evil' knc titans and
fully concentrated 'evil' bitmain miners..........and plug merrily along...no risk

2) IF the BTC price goes to 6k and say 75 buck LTC etc...and everyone is yelling for blood and dumping scrypt-pow miners...I will do what I did at $1.80 LTC in 2015 and
whine and chug and accumulate...eating electric and hoping it all comes back...again ...what the heck...got the miners ...little risk

As an aside, I took away all temptation and dumped my 5 $800 buck coupons from obelisk siacoin miners (dubious purchases from 2017) and will get ONE FREE for coupons a decred unit
from them this year (likely July 2018 ouch) and a future $250 buck coupon (sheesh!) the buddy is gonna gamble big time imho, and take the other 4 at 1k each to cover
my coupons and allow me the 5th decred miner......he is big enough ...the gamble is no big deal.....

but me

any ASIC right now is IFFY CITY .....

I still think, everything is gonna break wide open in say June 2018....obelisks of any flavor may be in play with a sia coin storage network....GMO BTC miners may be made
available to the public maybe...bitmain will likely have more surprises (likely a decred miner or gasp say an ASIC miner for etherieum ...remember this...may not be that...but
IMHO, they will have a big surprise of some sort around June 2018 IMHO.)

mine crypto they said, it will be fun they said, in 2013...sheesh..what a cluster

anyway, trying to refrain.......I just feel stuff is gonna break equip wise big time in May/June 2018. (just my gut)

[Sandal_Hat]

....yet here  we are....(as I predicted) difficulty going up while coins prices go down. Soon it will be raining blood in our little world as all these stunned dimwits from corporations and new miners, all jump into the pool at once. Won't be safe to buy or mine again until all the easy money morons get the hell out of the pool.

Unfortunately there is alot of sensational news on mining for all coins,  not just btc and ltc. No miner will win if difficulty is too high. Everyone will juz mine even if it makes a couple of bucks a month. Many newbies wont break even.

I hope our dear bitmain finds some kinda cooperative legal solution with their competitors

[Rewqpro]

It is very ironic - bitmain just destroyed Obelisk with a single move.

not something you would expect, Obelisk, eh?

[ruptan]

I would refrain from buying this unless they come up with less horribly sounded machine and stop flooding the market with these machines. The ROI is just not there anymore. So buy at your own risk. Thanks

[mano237]

Obelisk is releasing their new september batch for 1300$ or something..
ääähm you can buy the A3 for 900$ from Bitmain march batch. Nice move Bitmain.

[User705]

As this thread rushes headlong towards the 1 year mark the results are exactly the same as the Bitcoin asic roll out.  The very first people sort of made out ok but no one did much better after that.  And of course just buying LTC was the best move all along anyways.  /sigh  Where’s that guy with 300k a year income?
All the posts are there from years back and yet no one learns.

[AdRandum]

Hashrate from Litecoin went from 40 TH on December 1st to 120 TH January 31th, this is incredible. Revenue went down from 25$ a day to 6$ a day.

This is becoming the next D3 miner. And all the January and March batches aren't active yet..

There are no other great coins to mine as well..

[BenRickert]

It is very ironic - bitmain just destroyed Obelisk with a single move.

not something you would expect, Obelisk, eh?

....yet and while they were doing that, they also destroyed the L3+ AND the S9 and no one even noticed...well....except for me and a few others. People would be wise NOT to buy ANY miners for a while. You're not going to believe how bad this is going to get. Bitmain just swamped the entire ASIC market right before a huge Currency price correction. Blood will flow.

[Searing]

As this thread rushes headlong towards the 1 year mark the results are exactly the same as the Bitcoin asic roll out.  The very first people sort of made out ok but no one did much better after that.  And of course just buying LTC was the best move all along anyways.  /sigh  Where’s that guy with 300k a year income?
All the posts are there from years back and yet no one learns.

well, my issue right now is 50% goes to tax man on mining I'm doing now.....(40% fed about and 10% something to the State)....I also get the good old 5 year compressed
equipment deduction applied in 1 year ..which IF I pay taxes (I will), I will get a solid 25% additional off taxes I'm gonna pay anyway

so risk is 25%

ok....still does not make much sense to get the bitmain products...at this point

BUT....

Looking at JUST the stuff I have mined SINCE Jan 1st for this month.....I'm looking at a 25% loss.....so no usual, if I use a months mining to buy a miner and  I dont have the 40% capital
gains to take out LTC to make for miners....which is damn attractive...this also would go for if I move it to USD...but still...

at this particular point of time...it would be some loss....thus ...in this window.....LTC mined to BCH to bitmain equipment of which ALL can be applied to what I made this

month...thus ..with this ....I can start Feb 2018 as having NO INCOME yet...would be a wash  ....LTC to BCH to MINER would be the risk on this newly mined coin this month

more or less

so....

one of two things

1) Crypto will come back....above 10k or even stay in the 9 to 10k range...and this brief respite will be a good hedge on having equipment BEFORE it ramps back up.
(games we have all played in the past) ...using the above .....newly mined crypto w/o consequences to the tax man (unlike dec 2019 when I took a bath paying elec/data hall)

2) Crypto will tank on say Tether games being revealed and BTC will hit say 6k and say LTC dumps to 60 bucks and all other alts crash....and I time warp back to
2015 ..when I mined barely floating and accumulated crypto..whining the whole year...in other words the lack of capital gains this year (last 30 days)on crypto mined and getting
equip at the supposed higher prices now (before it dumps0 ..under above.... dismal view above...is my hedge...as I mine away and hope for a price pump

so 1) do you feel lucky? 2) do you want to hedge your bets on crypto mined at these prices so far this year and little/no capital gains on newly minted coins and punt to equip

So at my level of tax man games and equip depreciation......can I make back 25% to break even assuming the tax man and equip deductions above

probably no wrong choices in my boat here...but still on the fence


As to folk who are going to use hard BOUGHT fiat....or crypto more than 1 year and a day and cashing out for 20% capital gains (or in my case that does not apply would be 30% with
state tax)...or god forbid take out a loan! Ack! stop reading this now!

that is a lot of hope on say 75% real $$$ not going to say the tax man and a 25% equip deduction....of course, if you make enough on your home biz mining you can probably
say 25% would go to tax man add the 25% equip deductions, if you mine enough.... and move that up to a 50/50 gamble...still ugly

but anyway, I'M STILL SITTING ON THE FENCE at my calcs...so be cautious...I"m playing with 25% to break even and STILL parinoid about the march equip dump by coming by all and

also, there is gonna be a HELL OF A LOT OF MINERS DUMPING IN MARCH FROM BITMAIN...of many flavors.......we very well could get some miners...and be mining for fun if

not profit with high difficulty in the old days of 2015 accumulation of LTC or other crypto games (ack! $1.80 ltc ack! flashback ack!)



But also be aware...in 2015 THERE WAS NO SCRYPT EQUIPMENT HITTING THE MARKET...thus the knc titans as the last boat to float could tread water at these low/low prices
that would NOT be the case say March/April...also the bitmain terms say they DON'T have to ship till April 10th...so if the price pumps, big time, they can do the usual
keep the miners and mine, for a month....(evil does as evil does)


anyway, much to contemplate at my side of this bet...and probably more complicated for hobby miners...not at my tax level....will have to think on this

1) hedge equip for high crypto prices maintaining or coming back?

or

2_ hedge for equip now at high crypto prices...to have something to mine...and/or accumulate (cry over) if say BTC tanks to 6k and scrypt pow coins follow
with eventual recoup as crypto prices recover over the year (knock wood)


this crap was a lot easier to dwell on when the price of crypto was trying for a moon shot.......now I feel like the crypto capsule I"m in may not make orbit
nor will the capsule's parachute deploy for splashdown! Damn, sad affairs for my 'supposed' moon shot in the old HODL capsule...this year for crypto!

again shall 'naval gaze at my belly button' and meditate (probably with a beer or two)

fun hobby this whole mining gig is an't it

Hashrate from Litecoin went from 40 TH on December 1st to 120 TH January 31th, this is incredible. Revenue went down from 25$ a day to 6$ a day.

This is becoming the next D3 miner. And all the January and March batches aren't active yet..

There are no other great coins to mine as well..

Also a good point above......still thinking on this however, there is something 'comforting' in being completely revenue 'neutral' tax man wise up till Feb 1st
by getting some of this march equipment as a hedge, but even at my above tax situation.....I sense a 'trap'

bitmain: we trap miners and DON'T catch and release..... (tm bitmain)

[BenRickert]

As this thread rushes headlong towards the 1 year mark the results are exactly the same as the Bitcoin asic roll out.  The very first people sort of made out ok but no one did much better after that.  And of course just buying LTC was the best move all along anyways.  /sigh  Where’s that guy with 300k a year income?
All the posts are there from years back and yet no one learns.

well, my issue right now is 50% goes to tax man on mining I'm doing now.....(40% fed about and 10% something to the State)....I also get the good old 5 year compressed
equipment deduction applied in 1 year ..which IF I pay taxes (I will), I will get a solid 25% additional off taxes I'm gonna pay anyway

so risk is 25%

ok....still does not make much sense to get the bitmain products...at this point

BUT....

Looking at JUST the stuff I have mined SINCE Jan 1st for this month.....I'm looking at a 25% loss.....so no usual, if I use a months mining to buy a miner and  I dont have the 40% capital
gains to take out LTC to make for miners....which is damn attractive...this also would go for if I move it to USD...but still...

at this particular point of time...it would be some loss....thus ...in this window.....LTC mined to BCH to bitmain equipment of which ALL can be applied to what I made this

month...thus ..with this ....I can start Feb 2018 as having NO INCOME yet...would be a wash  ....LTC to BCH to MINER would be the risk on this newly mined coin this month

more or less

so....

one of two things

1) Crypto will come back....above 10k or even stay in the 9 to 10k range...and this brief respite will be a good hedge on having equipment BEFORE it ramps back up.
(games we have all played in the past) ...using the above .....newly mined crypto w/o consequences to the tax man (unlike dec 2019 when I took a bath paying elec/data hall)

2) Crypto will tank on say Tether games being revealed and BTC will hit say 6k and say LTC dumps to 60 bucks and all other alts crash....and I time warp back to
2015 ..when I mined barely floating and accumulated crypto..whining the whole year...in other words the lack of capital gains this year (last 30 days)on crypto mined and getting
equip at the supposed higher prices now (before it dumps0 ..under above.... dismal view above...is my hedge...as I mine away and hope for a price pump

so 1) do you feel lucky? 2) do you want to hedge your bets on crypto mined at these prices so far this year and little/no capital gains on newly minted coins and punt to equip

So at my level of tax man games and equip depreciation......can I make back 25% to break even assuming the tax man and equip deductions above

probably no wrong choices in my boat here...but still on the fence


As to folk who are going to use hard BOUGHT fiat....or crypto more than 1 year and a day and cashing out for 20% capital gains (or in my case that does not apply would be 30% with
state tax)...or god forbid take out a loan! Ack! stop reading this now!

that is a lot of hope on say 75% real $$$ not going to say the tax man and a 25% equip deduction....of course, if you make enough on your home biz mining you can probably
say 25% would go to tax man add the 25% equip deductions, if you mine enough.... and move that up to a 50/50 gamble...still ugly

but anyway, I'M STILL SITTING ON THE FENCE at my calcs...so be cautious...I"m playing with 25% to break even and STILL parinoid about the march equip dump by coming by all and

also, there is gonna be a HELL OF A LOT OF MINERS DUMPING IN MARCH FROM BITMAIN...of many flavors.......we very well could get some miners...and be mining for fun if

not profit with high difficulty in the old days of 2015 accumulation of LTC or other crypto games (ack! $1.80 ltc ack! flashback ack!)



But also be aware...in 2015 THERE WAS NO SCRYPT EQUIPMENT HITTING THE MARKET...thus the knc titans as the last boat to float could tread water at these low/low prices
that would NOT be the case say March/April...also the bitmain terms say they DON'T have to ship till April 10th...so if the price pumps, big time, they can do the usual
keep the miners and mine, for a month....(evil does as evil does)


anyway, much to contemplate at my side of this bet...and probably more complicated for hobby miners...not at my tax level....will have to think on this

1) hedge equip for high crypto prices maintaining or coming back?

or

2_ hedge for equip now at high crypto prices...to have something to mine...and/or accumulate (cry over) if say BTC tanks to 6k and scrypt pow coins follow
with eventual recoup as crypto prices recover over the year (knock wood)


this crap was a lot easier to dwell on when the price of crypto was trying for a moon shot.......now I feel like the crypto capsule I"m in may not make orbit
nor will the capsule's parachute deploy for splashdown! Damn, sad affairs for my 'supposed' moon shot in the old HODL capsule...this year for crypto!

again shall 'naval gaze at my belly button' and meditate (probably with a beer or two)

fun hobby this whole mining gig is an't it

Hashrate from Litecoin went from 40 TH on December 1st to 120 TH January 31th, this is incredible. Revenue went down from 25$ a day to 6$ a day.

This is becoming the next D3 miner. And all the January and March batches aren't active yet..

There are no other great coins to mine as well..

Also a good point above......still thinking on this however, there is something 'comforting' in being completely revenue 'neutral' tax man wise up till Feb 1st
by getting some of this march equipment as a hedge, but even at my above tax situation.....I sense a 'trap'

bitmain: we trap miners and DON'T catch and release..... (tm bitmain)

TLDR.

[ordimans]

Hello

 I have one unit which encounter a problem, probably after power off...

So it boot, ping during one minute.
On hardware version i can see error socket...

And after red light fault, and no online... but rj45 port is ok....

Don't know why...

What do you advice ?

[Sandal_Hat]

A 6 gpu mining rig makes lkke 3 times more than an L3 now lol. This is so sad.
Hopefully samsung wakes up to reality and decide against coming into asic. They should go make gpu instead lol.