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

[madmartyk]

I have Ordered 16x L3+($462) with 1x 420 and 15x 350 coupons on 10 April.  
But few hours later, support told me that the order will be canceled due to coupons issues.(the coupons can only deduct no more than 50% of the product price).
Then i re-order 12x L3+($462) again with 12x 200 coupons.

$462-$200=262 still sweet.

The coupons pay for the shipping.  So you are still paying around $500 per unit after shipping and import fees (assuming you are here in the US)

[1715344722]

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[BenRickert]

I have Ordered 16x L3+($462) with 1x 420 and 15x 350 coupons on 10 April. 
But few hours later, support told me that the order will be canceled due to coupons issues.(the coupons can only deduct no more than 50% of the product price).
Then i re-order 12x L3+($462) again with 12x 200 coupons.

$462-$200=262 still sweet.

Not too bright there champ. You just fell for their "clearance sale". When the 16nm L4 comes out in July you'll still be upside down on those things. When will people learn?? What do you think the Scrypt hash rates are gonna do when a miner hits that's twice as efficient?

[philipma1957]

I have Ordered 16x L3+($462) with 1x 420 and 15x 350 coupons on 10 April.  
But few hours later, support told me that the order will be canceled due to coupons issues.(the coupons can only deduct no more than 50% of the product price).
Then i re-order 12x L3+($462) again with 12x 200 coupons.

$462-$200=262 still sweet.

The coupons pay for the shipping.  So you are still paying around $500 per unit after shipping and import fees (assuming you are here in the US)

wrong

462+99=561-200 = 361

3% tax  is 12 a unit so he paid 373 maybe 375 each.

that would be 1 at a time

since he ordered 12 shipping is 775 fedex to USA


so

  775 --------- shipping for 12
5544 --------- price for 12
6319 --------- pre coupon price
2400 --------- coupons
3919 --------- net for 12 or 326.58 each

3% customs could be

.03 x 6319 = 189.57 highest   add 15.82 to each one you get 342.40

.03 x 3919 = 117.57 lowest  add 9.80  to each one  you get 336.38


at 336 to 343  he did well

these are perfect space heaters
set them to

 freq 312
 fans  24%

you pull 690 watts hash at 410mh

and not very loud

I would say he scored.

[BenRickert]

I have Ordered 16x L3+($462) with 1x 420 and 15x 350 coupons on 10 April.  
But few hours later, support told me that the order will be canceled due to coupons issues.(the coupons can only deduct no more than 50% of the product price).
Then i re-order 12x L3+($462) again with 12x 200 coupons.

$462-$200=262 still sweet.

The coupons pay for the shipping.  So you are still paying around $500 per unit after shipping and import fees (assuming you are here in the US)

wrong

462+99=561-200 = 361

3% tax  is 12 a unit so he paid 373 maybe 375 each.

that would be 1 at a time

since he ordered 12 shipping is 775 fedex to USA


so

  775 --------- shipping for 12
5544 --------- price for 12
6319 --------- pre coupon price
2400 --------- coupons
3919 --------- net for 12 or 326.58 each

3% customs could be

.03 x 6319 = 189.57 highest   add 15.82 to each one you get 342.40

.03 x 3919 = 117.57 lowest  add 9.80  to each one  you get 336.38


at 336 to 343  he did well

these are perfect space heaters
set them to

 freq 312
 fans  24%

you pull 690 watts hash at 410mh

and not very loud

I would say he scored.

unless of course his KWh is above .10. Then it’s a loser no matter what.

[Marvell2]

I have Ordered 16x L3+($462) with 1x 420 and 15x 350 coupons on 10 April.  
But few hours later, support told me that the order will be canceled due to coupons issues.(the coupons can only deduct no more than 50% of the product price).
Then i re-order 12x L3+($462) again with 12x 200 coupons.

$462-$200=262 still sweet.

The coupons pay for the shipping.  So you are still paying around $500 per unit after shipping and import fees (assuming you are here in the US)

yeah, 4 l3 plus at 2000 mhs and 3200 watts makes $19 a day even at
the increased prices from this week. sub .07 cents power nets you $12 a day so $3 a u unit

assuming scrptt hashrates stay constant thats six months roi not terrible

but i have a feeling bitmain will pull the rug out like they always do, id stay away

[QuintLeo]

15GH/s are new miners and they are using 1300w. This is 100% information, my friend is working at bitmain. They will be on sale at the end of summer. L5 is the name...

1.5 Ghash is a figure that can be believed.
15 Ghash is NOT.
The 14/16nm node, and even the 10nm node out of Intel and Samsung, are NOT offering that degree of improvement over the 28nm node the L3+ uses.

I suspect you or "your friend" misplaced a decimal point.

1300 watts seems a bit high, but not at all out of line given recent Bitmain miners - I was already anticipating the next gen would soak more power than the L3+.

[Searing]

15GH/s are new miners and they are using 1300w. This is 100% information, my friend is working at bitmain. They will be on sale at the end of summer. L5 is the name...

1.5 Ghash is a figure that can be believed.
15 Ghash is NOT.
The 14/16nm node, and even the 10nm node out of Intel and Samsung, are NOT offering that degree of improvement over the 28nm node the L3+ uses.

I suspect you or "you friend" misplaced a decimal point.

1300 watts seems a bit high, but not at all out of line given recent Bitmain miners - I was already anticipating the next gen would soak more power than the L3+.

yeah....reviewing my last 12 ordered L3+'s from the $855 batch (6) and the $462 batch (6) and my electric etc.....LIKELY still I will make ROI with elec included...

but this was 'oranges for oranges' ie dubious alt dump to equipment back to LTC...it all is looking at pretty much a wash at best...

but if this is true it is gonna be close...from what I suspect Bitmain is gonna do this summer (mine them and allow consumer product to hit the world in sept/oct)

But then again, it was a 'hedge' on my part in case price dumped and or went sideways the next couple months

However, unless (this is IMHO) LTC price as an example, If LTC does NOT go to 200 bucks again we are beyond screwed...and $200 buck LTC would be what at historical raito

of LTC to BTC about ..what? I figure BTC would need to be $10k at least for 200 buck LTC...in the next month say...with the expected (difficulty rise if these units exist

at 1.5gh and 1300 watts and of course the 'toasters' of L3+'s being dumped) ....if price don't keep ahead of the difficulty ...this could end badly, regardless of my 12 current

L3+'s purchased as my last hurrah...

Then again, from a 'denial' and 'ego protection' point of view...if it is as 'bad as folk' think it might be...showing 12 new L3+ units at my size or mining and with the alts

I'm cashing out etc, etc....even a 3k loss might be acceptable JUST so I can show my 'chops' to the IRS and state tax folk that YES I am running a Virtual Currency Miner

Business....and see the hoops I've jumped through for such (again IF I can fill that solo401k up with LTC I'd otherwise use to keep the miners going with dubious alt cash

out of 25%) Again, win or lose it was a hedge......sometimes the hedge wins sometimes it don't ..right now it is just looking like this hedge was 'meh!' at worse


(my life in crypto is a constant effort of guessing, confusion, panic, euphoria, sadness and general cluelessness...so the ability to be in denial for 'ego protection' is epic!)

Brad

[Albortz]

I just checked the calculators for the first time in weeks...

It is not pretty that's for sure. Good thing I did not check 3 days ago when prices were 114. I might have shut down my miners for now 


About time to look for a cheaper data centre with better electricity prices :/  Because with 70 bucks profit a month on multiple machines, it's not going to last long.

Only good, they already ROI. Still a shame to have functioning machines

[BenRickert]

I have Ordered 16x L3+($462) with 1x 420 and 15x 350 coupons on 10 April.  
But few hours later, support told me that the order will be canceled due to coupons issues.(the coupons can only deduct no more than 50% of the product price).
Then i re-order 12x L3+($462) again with 12x 200 coupons.

$462-$200=262 still sweet.

The coupons pay for the shipping.  So you are still paying around $500 per unit after shipping and import fees (assuming you are here in the US)

yeah, 4 l3 plus at 2000 mhs and 3200 watts makes $19 a day even at
the increased prices from this week. sub .07 cents power nets you $12 a day so $3 a u unit

assuming scrptt hashrates stay constant thats six months roi not terrible

but i have a feeling bitmain will pull the rug out like they always do, id stay away

Why would anyone ever assume that!?!?!?

[Searing]

I have Ordered 16x L3+($462) with 1x 420 and 15x 350 coupons on 10 April.  
But few hours later, support told me that the order will be canceled due to coupons issues.(the coupons can only deduct no more than 50% of the product price).
Then i re-order 12x L3+($462) again with 12x 200 coupons.

$462-$200=262 still sweet.

The coupons pay for the shipping.  So you are still paying around $500 per unit after shipping and import fees (assuming you are here in the US)

yeah, 4 l3 plus at 2000 mhs and 3200 watts makes $19 a day even at
the increased prices from this week. sub .07 cents power nets you $12 a day so $3 a u unit

assuming scrptt hashrates stay constant thats six months roi not terrible

but i have a feeling bitmain will pull the rug out like they always do, id stay away

Why would anyone ever assume that!?!?!?

Yeah, that is a 'tough assumption" indeed...I am figuring 30% for Bitmain driving up the difficulty for these, supposed, 1.5gh at 1,300-watt units in the Summer

again dicey, on even from my projections....but it is all just 'guesses'...but indeed 'guessing' ..but 'assuming hash rate is constant for 6 months is more than a bit silly

(damn, I hope you are correct...but then again, I'd like to be Natalie Portman's Love Puppet...but that ain't gonna happen either)

My guesses are breaking even at BEST right now on the 12 units I got, (and my previous angles/hedges/etc in previous posts)

then again, I really want a crypto unicorn/Bambi/rainbow/etc paradise of at LEAST (as long as I'm wishing) $50k a BTC world...

[QuintLeo]

assuming scrptt hashrates stay constant thats six months roi not terrible

Which would be an insane assumption, Scypt hashrates haven't been even CLOSE to flat for a very long time now.

They haven't been as bad as that big jump in December 2017, but the average this year has been about 2% per difficulty period.

[Searing]

I just checked the calculators for the first time in weeks...

It is not pretty that's for sure. Good thing I did not check 3 days ago when prices were 114. I might have shut down my miners for now  


About time to look for a cheaper data centre with better electricity prices :/  Because with 70 bucks profit a month on multiple machines, it's not going to last long.

Only good, they already ROI. Still a shame to have functioning machines

Best I got is $100 per KW...colohub now is going to $120 or $125 per kWh ..... comes out to ONE L3+ = $80 a month 'flat rate'

that DOES include setup and tweaking etc miners down and all that effort...in that 14c kWh is 2c more than what I'd pay in my basement (if room)

I will just go with it ...it IS month to month though...I doubt I'll have these miners up (L3's and L3+'s) in say Sept 2018

winding it up...

thus the month the month works for me...I had the Titans up till this Month...I paid in Adv till June 2018 of all my 7,300mh or so of hash. (at least I did

something as a 'hedge' with the 15k btc for this pay ahead......)..Now that the Titans

are down ...my elec use I pre-paid on those was converted to L3+'s  (3 L3+'s is 2400 watts vs 2 Titans at 2500 watts) so MAYBE I can mine for little or no

elec costs yet till June 1st (or maybe May 15th) something like that...

so anyway, that is 2,300mh of Titans gone ....have 3,000 from the $855 batch (hedging) and another 3,000mh from the 2nd batch at $462 (hedging) so..will

have 11,000mh to make up for at above units ($9,401.00 or some such with coupons gone and psu's needed)

So the boat has to float thru the Summer or I'll be taking a loss after electric...I figure even with my original 5,000mh L3's and L3+'s alone we would need

about $200 LTC by say June at worst....so, hell .hedged...and replaced Titan hash and added went from 7,300mh to 11,000mh

we will see ..that was the hedge/bet...still looking like it is EVEN if the price of LTC goes up and difficulty goes up...but IFFY as heck

you roll the dice and walk away...up to fate (and bitmain toasters *new improved* coming out and at what time and what numbers and what pre-mine?)

crypto...drama drama

brad

[Sandal_Hat]

assuming scrptt hashrates stay constant thats six months roi not terrible

Which would be an insane assumption, Scypt hashrates haven't been even CLOSE to flat for a very long time now.

They haven't been as bad as that big jump in December 2017, but the average this year has been about 2% per difficulty period.

With cheaper miners I would think it goes higher or at least, it would go higher than if the miners were expensive.
The other bigger risk is that this is on 28nm. If a 16nm appears, it might be 3 times better, as how s9 is 3 times better than s7

Innos A4+ is 15-20%  more efficient but is on 14nm node. So, if bitmain comes up with a 14nm l3 in future, it will be alot better i think. I really hope one does not appear soon though as it would be bad for L3+ owners.... but a 14nm L3 would possibly have no possible competitor that comes close to matching it.

Just my 2 cents

[Searing]

assuming scrptt hashrates stay constant thats six months roi not terrible

Which would be an insane assumption, Scypt hashrates haven't been even CLOSE to flat for a very long time now.

They haven't been as bad as that big jump in December 2017, but the average this year has been about 2% per difficulty period.

With cheaper miners I would think it goes higher or at least, it would go higher than if the miners were expensive.
The other bigger risk is that this is on 28nm. If a 16nm appears, it might be 3 times better, as how s9 is 3 times better than s7

Innos A4+ is 15-20%  more efficient but is on 14nm node. So, if bitmain comes up with a 14nm l3 in future, it will be alot better i think. I really hope one does not appear soon though as it would be bad for L3+ owners.... but a 14nm L3 would possibly have no possible competitor that comes close to matching it.

Just my 2 cents

I'm beginning to think 80/20 that the Bitmain 1.5gh unit @ 1,300 watts exists. Thus the 'fire sale' of old stuff with/coupons...and likely they will 'announce' sales to us at the end

of Summer with the result of (likely these overpriced units) will hit us folk say around October 2018...

*THE KICKER IS* Bitmain will have these puppies in hand and likely run them full out (only game in town) from say May 1st to 0ct 1st being "mainly' the sole source of say

LTC difficulty rise of *guess* about 20-30% (worse case)...again I'm just guessing and IMHO.

But, even Bitmain, with these units, is going to have to see a pretty good increase in the price of scrypt-pow coins for this to have any 'validity' or they will simply

be as *skunked* as us 'regular folk', by the first of the year, IMHO. The difficulty increase waits for NOBODY...small/medium/or large without the price of coin being a factor.

ONLY good thing is IF you are a 'hobby miner" and can afford to 'eat' your electric say out of your JOB income...I'd do that on the bet of the LTC halving in April 2018 for LTC.

It is something to do, keep your eye on, and a 'modest' bet in my view...as to us larger miners...with data halls, etc...it may just be elec to LTC to USD and mostly back to Elec

oranges to oranges ..if the price goes sideways and difficulty surpasses price. I could eat  a couple L3+'s in the basement and eat electric price on the April 2019 halving of LTC

...as my 'angle' on hobby miners...AS to such a bet for data hall mining or the 22 Bitmain units I have (even if month to month rent) ....well....

Such a bet would not be easy ..if above 'ugly scenarios' came into play and 'thwarted and struck me down' the other say 18 Bitmain Units .NOT in my basement..in my

new found 'hobby' mode...at that point in time..I suppose I could make a 'wall of

shame' out of .18 miners would make a 'formidable fort' to playin....but not a lot of wiggle room with data hall electric and fees...compared to a hobby miner betting some elecric

and HODL mode for next years April 2018 LTC halving...(Bit mining is great, but when the beast is pretty and big...but you got to feed the beast or it feeds on you!)

whatever, bets are made...time to ride the tiger

[Sandal_Hat]

assuming scrptt hashrates stay constant thats six months roi not terrible

Which would be an insane assumption, Scypt hashrates haven't been even CLOSE to flat for a very long time now.

They haven't been as bad as that big jump in December 2017, but the average this year has been about 2% per difficulty period.

With cheaper miners I would think it goes higher or at least, it would go higher than if the miners were expensive.
The other bigger risk is that this is on 28nm. If a 16nm appears, it might be 3 times better, as how s9 is 3 times better than s7

Innos A4+ is 15-20%  more efficient but is on 14nm node. So, if bitmain comes up with a 14nm l3 in future, it will be alot better i think. I really hope one does not appear soon though as it would be bad for L3+ owners.... but a 14nm L3 would possibly have no possible competitor that comes close to matching it.

Just my 2 cents

I'm beginning to think 80/20 that the Bitmain 1.5gh unit @ 1,300 watts exists. Thus the 'fire sale' of old stuff with/coupons...and likely they will 'announce' sales to us at the end

of Summer with the result of (likely these overpriced units) will hit us folk say around October 2018...

*THE KICKER IS* Bitmain will have these puppies in hand and likely run them full out (only game in town) from say May 1st to 0ct 1st being "mainly' the sole source of say

LTC difficulty rise of *guess* about 20-30% (worse case)...again I'm just guessing and IMHO.

But, even Bitmain, with these units, is going to have to see a pretty good increase in the price of scrypt-pow coins for this to have any 'validity' or they will simply

be as *skunked* as us 'regular folk', by the first of the year, IMHO. The difficulty increase waits for NOBODY...small/medium/or large without the price of coin being a factor.

ONLY good thing is IF you are a 'hobby miner" and can afford to 'eat' your electric say out of your JOB income...I'd do that on the bet of the LTC halving in April 2018 for LTC.

It is something to do, keep your eye on, and a 'modest' bet in my view...as to us larger miners...with data halls, etc...it may just be elec to LTC to USD and mostly back to Elec

oranges to oranges ..if the price goes sideways and difficulty surpasses price. I could eat  a couple L3+'s in the basement and eat electric price on the April 2019 halving of LTC

...as my 'angle' on hobby miners...AS to such a bet for data hall mining or the 22 Bitmain units I have (even if month to month rent) ....well....

Such a bet would not be easy ..if above 'ugly scenarios' came into play and 'thwarted and struck me down' the other say 18 Bitmain Units .NOT in my basement..in my

new found 'hobby' mode...at that point in time..I suppose I could make a 'wall of

shame' out of .18 miners would make a 'formidable fort' to playin....but not a lot of wiggle room with data hall electric and fees...compared to a hobby miner betting some elecric

and HODL mode for next years April 2018 LTC halving...(Bit mining is great, but when the beast is pretty and big...but you got to feed the beast or it feeds on you!)

whatever, bets are made...time to ride the tiger

There is no L4+ . Lets close our eyes and not believe it exist
I actually believe bitmain somewhat cares some about how it is for miners because they do give coupons rather than just cheapen miners and because of the A3.
However, they will put competition against competitors as a far bigger priority.....
Even if there is an L4+, there is no major reason to release it now with this abysmal profitability. There might be an L4+ if a competitor releases a litecoin miner that is alot more efficient and at good prices or a miner that is as efficient as L3+ but around the same price. There is a better Litecoin asic but it isnt priced well enough to really compete.

There are rumours that the new S9 will be using a 12nm process and I suspect this is due to the new avalon and dragonmint competing with the S9. There is no such competition for L3+ yet, so, perhaps no new L4+ yes .


These cheap miners are somewhat tempting but the increase in difficulty could also mean they become toasters. Thats the problem. In a way, it isnt an expensive bet since the miners are cheap. It is somewhat a fair bet but from what I see this year, there are just too many asic manufacturers and price isnt booming like last year. Bitcoin and alts cannot boom 8-10x yearly to support mining profitability. It is not possible.


The best miner these days would  be something like the A3. It showed 20k per month profit before it was released. U get a delivery of one unit and quickly u ROI in a month....safe. I didnt get an A3 but I hope to get the next A3 haha. Timing and price is most important these days.

[BenRickert]

Halong is shipping 10NM Samsung chipped 16th miners. You can bet your sweet Satoshi, Bitmain is about to drop a bomb on their ass. As for a new L3+. I'll guarantee it. It's the easiest miner they make to upgrade. The thing is still 28NM. Only reason they didn't do it already is because so many people were blindly piling into mining at "any cost". Bitmain squeezed a LOT of blood out of that turnip.

[Searing]

Halong is shipping 10NM Samsung chipped 16th miners. You can bet your sweet Satoshi, Bitmain is about to drop a bomb on their ass. As for a new L3+. I'll guarantee it. It's the easiest miner they make to upgrade. The thing is still 28NM. Only reason they didn't do it already is because so many people were blindly piling into mining at "any cost". Bitmain squeezed a LOT of blood out of that turnip.

well...to be fair some 'larger' miners and I did this as a 'hedge' in case BTC and LTC went down to say 6k or some such...and then a sideways price...

as 'hedges' go at my size...is still looking at EVEN..in other words just will ROI and pay electric and THEN maybe will be a doorstop...but depends on Bitmain antics on new

miners, price, difficulty due them mining say 4 months before the release of the new units (supposed 1.5gh)  and of course IF there are no units...

*, sprinkle fairy dust here*

The rumor that SURE they are making data halls, but with issues on elec and hosting and such in the USA and Canada ...a guy can hope that this 'coupon' dump

and equipment dump was 'overstock' from 'no longer in the running' mining farms in the works..due to the current FUD and such by electrical utilities wanting more

elec rates from crypto miners farms specifically and of course communities in those cheap electric areas wanting their cut as well...with new regulations and taxes.


Also, Bitmain may have had a bit too much BCH which also would help with the above dump....now they take LTC, BTC and wire xfer and DASH I think?


*again this is sprinkled with fairy dust*


but a guy can hope at least "some' of the above accounts for this massive dump of equipment

[Searing]

Latest on what an L3+ 500mh at 800 watts, costs me with electric/data hall costs all/etc at $130 LTC and one L3+ rent/elec at $80 a month...this setup is 'monthly'
out of 'courtesy'

24 hours   0.03559155 LTC   4.63 USD   2.69 USD   1.94 USD
7 days   0.24914085 LTC   32.39 USD   18.82 USD   13.57 USD
30 days   1.06774651 LTC   138.81 USD   80.64 USD   58.17 USD

Not really sweating the 12 L3+'s at this rate of pay vs the dubious alts' I paid for them....if this keeps up ...it was a washout either way

damn, the above is ugly, ugly, ugly

[BenRickert]

Latest on what an L3+ 500mh at 800 watts, costs me with electric/data hall costs all/etc at $130 LTC and one L3+ rent/elec at $80 a month...this setup is 'monthly'
out of 'courtesy'

24 hours   0.03559155 LTC   4.63 USD   2.69 USD   1.94 USD
7 days   0.24914085 LTC   32.39 USD   18.82 USD   13.57 USD
30 days   1.06774651 LTC   138.81 USD   80.64 USD   58.17 USD

Not really sweating the 12 L3+'s at this rate of pay vs the dubious alts' I paid for them....if this keeps up ...it was a washout either way

damn, the above is ugly, ugly, ugly

Looks like these "data centers" are the only ones making money. I recommend they be burnt to the ground.

[madmartyk]

My 4 I ordered shipped today.  I don't know if I'm going to start them up or just flip them.