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Author Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner  (Read 284050 times)
Searing
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March 30, 2018, 04:53:21 PM
 #4041

I bought some too against my better judgement. My outlook is bleak but after coupons i paid $650.00 per L3+ including shipping. That's one rock solid little unit so at that price, it's worth a try. Definitely saving most bullets for next tech. Keep in mind the massive outlier of Lightning Network. If that effort takes hold, this stuff will blow the roof off. There is better than a 50/50 Chance that can happen in 2018. It's always darkest before the dawn.

Yep, that is my bet also..grumpy though it makes me....I"ve too much dubious LISK ..that would be very sucseptable to a price dump of BTC and all crypto....thus

my hedge below...I don't like it...but again at my risk of needing to make $250 a unit to break even AFTER electric...I too figure it is maybe a bit more than 50/50 odds in my case.

(again see below posting) ...but we are all essentially betting (even if just like me in a small part) on Unicorn dreams/ fariydust/ rainbows/ and nubile women.....odds are long...

most likely senario is price goes sideways...and all this equipment I get will just be a 'wash' oranges for oranges ..when the mining pukes...but hey, you know what they say:



dump or pump...chump or champ...we will see!

brad

Wow, super bargain price. Any rumor on next generation of scrypt miner from Bitmain ?

Also have similar concerns...L3+ price keep dumping. Or maybe it just because of competition agains Innosilicon A4, A6 miners.

L3+ is only 28nm and Inno A4 is on 14/16nm. The A4 is only 20% more efficient. The S9 (14/16nm) is 3 times more efficient than the S7 (28nm). Hence, if an L4+ appears, it could be 3 times more efficient. That being said, I dont think an L4+ will appear anytime soon as there is no real need for it. Bitmain can win on pricing by far I believe, especially since they are producing a 28nm against a competitor 14/16nm.

Just my 2 cents
Bitmain is sending a definite signal that they are clearing their inventory in preparation for release of new technology. The legacy units are now only useful to those with huge scale and minimum electricity costs. To say the l3+ will be "useless" is just plain stupid. Although it will be, to all the stunned morons that piled into mining in the last 4 months at record ASIC and Crypto highs. Time to cull the herd.

I got some...(or trying to thru a buddy) L3+'s but with coupons and my tax rate and the equip deduction my REAL risk is only $250 a unit...also paying in LISK which I have a mess of

and if the price does tank in crypto...like all alts that will tank more...so whatever ...this hedge on equip or hedge on holding alts/btc...IF price stays sideways ..whatever 'mixture'

I choose (with above coupons/equip deductions/ etc) it is likely a wash...again if price goes sideways.....IF price dumps for BTC and worse for alts...then we are all screwed and

all this won't matter anyway...whatever the above mixture of equip vs alts thing I'm doing...of course if price eventually rises and you can HODL some crypto...well hell..that's

the bet on this sideways drama of price and likely only doing oranges (equip) for oranges (weak crypto) etc

A NORMAL guy without the above ...will ONLY have coupons (maybe) and the 25% equipment deduction their risk could be as high as 75% in real money (unlike me with my tax rate)

so be aware of the difference I'm at with all this and where you may be on all this angle wise...just the way it is...also remember this 50% to tax man with state is off my

CURRENT mining income...I stop mining and this goes away...so for right now my hedge on this equip risk is pretty damn low...assuming mining of any kind hangs together...

Anyway, if crypto mining is DONE ...then I got equipment for deductions ONE STEP TOO FAR...which is pretty much how I always expected it to end.....IF price of crypto goes

sideways for say months..MAYBE I can pretend it is 2015 and just be grumpy and HODL a lot of crypto/LTC or whatever....and of course if price dumps and difficulty cranks up

even more....well all this won't matter anyway.....and I'll wrap the works up ..mining wise by July 2018 at best anyway...

anyway, as a HEDGE, with the altcoins I'm gonna use vs the rest of the risk out there..it is kinda a wash in my case...even less risk if you are in my boat and have the $450

coupons...so I expect a lot of big whales with the $450 coupons to come out and play in bitmain land (or likely boobytrap land)

Also, I expect this stuff to all sell out quick and probably we are not gonna see any ASIC's anymore ...till as some say new equip by bitmain or the summer sometime at best...

my frigging 'guess' and risk/ratio!

you roll the dice, you take the risk!

brad

Better buy LTC at $110 and wait for the summer pump at $300-$400 better bet and not so much risk


got enough LTC for that ..and LISK was dumping (still is) and I have more the 'comfortable' on this downward trend...thus again the hedge was 1) equipment ...if stuff goes

sideways won't matter if the hedge is between too much LISK and Equipment... 2) if price continues to dump..the boat will just sink anyway 3) If the price recovers I will

look like a genius

also, never hurts to show the tax folk (IRS and State) that I'm buying some equip as a home business and the equipment deduction

so hell, as a hedge there is little risk if the price of crypto goes sideways or up...if it goes down...well the LISK price would have dumped too...so anyway my hedge on this

assumed wash of cutting down on some LISK, needed equip deductions badly at my tax rate, and the chance that BTC (and alts along for the ride) will recover to 10k

thus the bet...chump or champ we will see


and also to clarify ..I got a crap load of LISK at the ICO so you could make the case I'm taking some profit ..ol too much of the stuff ..if an altcoin dive in price..and thus

taking profits from this (got it on the ICO) ...thus just the profit taking is my above hedge...(delusional or not) ...

again, sideways price little risk to me (if any, some equip depreciation gains) ....no risk at all if price goes up....no risk at all if price dumps (doomed)

come to think of it this is pretty much what my life is like....3 choices.....things are looking up!, thinks are looking meh!, things are looking down Sad



Be careful to don't remain with expensive doorstops ... buying old ASIC'S is not a clever move ....

at my tax rate..and such I need to make $250 (for each of the 6 units w/coupons for each) AFTER electric is paid, to break even (includes 50% tax rate for state and IRS misl and the 25%

real cash applied to taxes owed/paid this year

in equipment deduction)

so my risk (after coupons) is again $243.85 exactly PLUS electric

of course, this SEEMED a much better plan yesterday, when I got these units...

got them thru a buddy, the direct pay of LISK to him (he wants some to HODL) and my LISK exposure is down some...

and of course the modest equipment deduction off this months mining revenue

but yeah, you could be completely correct on all this....but I always figured I'd be ONE or more units TOO FAR when mining ended...one thing about getting the equipment

if I do have to wrap this biz up this year...the tax man can't say it was not for trying!

but yeah, tulips could be in ALL our futures.... Sad

(currently waiting around for the mt. gox trustee to panic and dump and drive BTC price to around 2k ..fun times ..crypto boogieman wise) Sad


Check out the www.synchro.net Free BBS Package. Win 10/Linux. Updated 1/1/19. 5 min-Install to check it out. A nostalgic hoot! Smiley
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March 30, 2018, 07:46:47 PM
 #4042

All you need is my 15$ daily coin ;-)
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March 30, 2018, 09:06:07 PM
 #4043

All you need is my 15$ daily coin ;-)

U create that coin. We will help u mine it Smiley

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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April 10, 2018, 08:26:37 AM
 #4044

Mother of God   Shocked  Shocked  Shocked


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April 10, 2018, 09:08:55 AM
 #4045

Mother of God   Shocked  Shocked  Shocked




Time to SUPER SALES or CLEARANCE SALES?

L4 will be on the way in this summer

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April 10, 2018, 01:06:59 PM
 #4046

Wow 462 USD. Many havent broke even on recent L3+ I believe.  Hope bitmain dont release L4 yet if it exist. Thanks

Selling 100 dollar coupons (8units expire 11th June, 14 units expire 1st july) and 125 dollar coupon (2 unit exp 30th June). Selling at 20% of value
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April 10, 2018, 01:12:39 PM
 #4047

That's why nobody should buy their crap. Made mistake once Cheesy
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April 10, 2018, 01:37:02 PM
 #4048

Wow 462 USD. Many havent broke even on recent L3+ I believe.  Hope bitmain dont release L4 yet if it exist. Thanks
L3+ the next D3, compliments of Shitmain.....and yes, the next Tech is coming shortly after the coupons expire. July or August. Then....rinse repeat the whole process. 16NM will be worthless unless you pay .02 to .04 Kwh.

You only live once....if you do it right, once is enough.

 Excellent FAQ for Lightning Network https://medium.com/@AudunGulbrands1/lightning-faq-67bd2b957d70
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April 10, 2018, 02:53:05 PM
 #4049

Mother of God   Shocked  Shocked  Shocked




Time to SUPER SALES or CLEARANCE SALES?

L4 will be on the way in this summer

That looks like Bitmain selling at or below cost.  Somewhere I read that they can manufacture S9/L3 at $500 a piece.  Feel sort of genius for purchasing L3+ hardware at $1450-1500 two months ago.  Huh

They must be clearing all warehouses for next gen antminers coming out sometime this summer??  This.... and trying to smash competition out of the space.

~The Annointed One~ 
btc: 31pDmi6PDdHFUT51MTzJNYacxYMZp2bi58
ltc: MGnitxNo2qZNgb2biahDguxMZuCbGPQQ84
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April 10, 2018, 02:58:00 PM
 #4050

You can use coupons on this.  Hell if I had some $420 coupons I would pick up a couple.  LOL

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April 10, 2018, 03:01:17 PM
 #4051

Learned if you used coupons and your order expires you are shit out of luck, they show them as used.

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April 10, 2018, 03:04:34 PM
 #4052

Learned if you used coupons and your order expires you are shit out of luck, they show them as used.

No, you can ask to get the coupon back. Ive done it, they will give u back.
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April 10, 2018, 03:08:00 PM
 #4053

Learned if you used coupons and your order expires you are shit out of luck, they show them as used.

No, you can ask to get the coupon back. Ive done it, they will give u back.

Bitmain isn't exactly quick about answering tickets.  Sad

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April 10, 2018, 03:10:11 PM
 #4054

I still have some $200 ones, but the $350 ones are locked up. 

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April 10, 2018, 03:26:04 PM
 #4055

You can use coupons on this.  Hell if I had some $420 coupons I would pick up a couple.  LOL


Yes,,, they are allowing me to use $100, $200 & $220 coupons,  but not the $450 coupons   Cheesy.   That would have been nice.... a miner for $12.

Funny thing is, I am hesitating because I calculate that you may have 2-3 months of revenue before new tech is out in which case you still may not ROI.

I have never seen a hardware investment devalue so quickly.
 

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April 10, 2018, 04:13:14 PM
 #4056

I have pretty cheap electricity so with a $220 coupon I could ROI on some L3's. Anyone want to donate a $220 coupon to me?
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April 10, 2018, 04:16:57 PM
 #4057

One question, if you had a 0.015 Kwh electricity rate but will end up paying 650/miner WPSU included would this be worth it?

For me is a question of MH/$ with those prices I'm paying  462 (Miner) + 105 (PSU) - 200 (Coupon) + 136 Shipping to US + 150 Shipping to My country.  653 Total.

I'm getting 0.77 MH per $.

The only variable I think is how effective will the new miners be ? 2x, 3x or even 4x the L3+ Hashrate.

So in the case let's say they release a 1.5GH/s Scrypt miner, and the cost is 1800$ (E3 as an example)

1800 + 105 - 200 + 136 (if the shipping rate stays the same) + 150 = 1991$

So about 0.75 MH per $.

Of course any lower than 1800$ per miner would mean I would be better of waiting.

What do you think?
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April 10, 2018, 04:24:53 PM
 #4058

One question, if you had a 0.015 Kwh electricity rate but will end up paying 650/miner WPSU included would this be worth it?

For me is a question of MH/$ with those prices I'm paying  462 (Miner) + 105 (PSU) - 200 (Coupon) + 136 Shipping to US + 150 Shipping to My country.  653 Total.

I'm getting 0.77 MH per $.

The only variable I think is how effective will the new miners be ? 2x, 3x or even 4x the L3+ Hashrate.

So in the case let's say they release a 1.5GH/s Scrypt miner, and the cost is 1800$ (E3 as an example)

1800 + 105 - 200 + 136 (if the shipping rate stays the same) + 150 = 1991$

So about 0.75 MH per $.

Of course any lower than 1800$ per miner would mean I would be better of waiting.

What do you think?

If you have super cheap electric, these are so cheap why not
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April 10, 2018, 04:27:26 PM
 #4059

I picked up a few just to play with.  There are many other shitcoins other than LTC.  At 4 for the price of 1 last fall what the hell.

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April 10, 2018, 04:37:37 PM
 #4060

Very tempted to pick up one. I feel like a new bitmain litecoin miner is next to this L3 patch and it's probably gonna be 2x or 3x the hashing power.
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