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

[dom2mac]

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

If you dont have faith in the sector then you shouldnt invest in the sector. I would be willing to take a loss today for what I think the future price of LTC will be in 3 years. Sure a healthy amount of skepticism is necessary but to think that you make a better decision by cashing out now rather than wait for the next spike is pure and utter foolishness.

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[Sandal_Hat]

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

When BTC was at $18,000, u will be buying S9 at 7000 USD on ebay. U will not be able to buy it at 2.2k lol.
The only possible way your machine can pay itself in 2-3 months is if btc price rise 3 times in 2-3 months lol.

[profit59]

at the moment the best option is to mine and store. If there is something to live on and what to pay for electricity.

[BenRickert]

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

When BTC was at $18,000, u will be buying S9 at 7000 USD on ebay. U will not be able to buy it at 2.2k lol.
The only possible way your machine can pay itself in 2-3 months is if btc price rise 3 times in 2-3 months lol.

Only an idiot buys ASIC on EBay or Amazon. LOL. You’re obviously an amateur and you have very little understanding of this game. LOL You should really stop giving advice to people. I see you on several posts proving that you struggle with the reality of the mining world. LOL.

[BenRickert]

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

If you dont have faith in the sector then you shouldnt invest in the sector. I would be willing to take a loss today for what I think the future price of LTC will be in 3 years. Sure a healthy amount of skepticism is necessary but to think that you make a better decision by cashing out now rather than wait for the next spike is pure and utter foolishness.

You’re an idiot. I sold BTC from 18K to 12k and bought it from 6.5k up to 8k. I’m a miner and I hedge my positions for yield enhancement just like any “natural Long” in any commodity. I write options, do swaps, initiate collars, trade risk reversals and conversions. I even sell naked puts if the extrinsic premium is attractive. To just hold things out of some altruistic knee jerk ideology is fucking ignorant. You keep living that dream though. Intelligent people need fodder like you to feed their bottom line. 

[Searing]

at the moment the best option is to mine and store. If there is something to live on and what to pay for electricity.

I may be losing the faith on even that...the mining and storing of LTC (I have a hoard of LTC already....)

www.litecoinpool.org/calc Litecoinpool is a FREE no fee pool and pays out at 101%. This calculator reflects the 101% payout. FYI.

As an example at 8000mh and 12,600 watts at the present difficulty, I make (below) on 22 Bitmain units in a data hall.

Of the above 22 units...all but 6 have ROI'd and of the 6 I need at my tax rate with equip deduction to get 1/4 of value back to break even on the 6 units.

(yeah, that ain't looking likely)


So $8.57 per day for the works above.

or

$257.17 a MONTH....after the ELECTRIC COSTS OF $1,290.24! (did I mention this Bitmain Unit (so far) as a consumer version the best

you can get at this time for speed/price and availability?) So OBVIOUSLY, the above is not gonna last long, if current difficulty increases...

and prices of LTC do not come around and reflect on this reality to save pow-scrypt and LTC mining...looking grim...


24 hours   0.38207531 LTC   51.58 USD   43.01 USD   8.57 USD
7 days   2.67452719 LTC   361.06 USD   301.06 USD   60.01 USD
30 days   11.46225938 LTC   1547.41 USD   1290.24 USD   257.17 USD


The above is the setup to get to my main point...NOTICE at $257.17 a month that comes out to $135 LTC divided by $257.17 = 1.905 LTC

yech...that is a lot of work on hoping for a pump on 1.905 LTC (sorry spoiled mining LTC and such since 2014....hurts my eyes)

thus I MAY (hearsay....for LTC thread) mine my above $257.17 and say get LISK with it again (hearsay again LTC thread) at $10 each at

least I'd be holding some numbers (25.717 LISK) and it is a POS coin that stakes me some back...

If I'm gonna mine to HODL...and have LTC not sure if mining and HODL'ing at 1.905 LTC (tied as it is to BTC and mt. gox dumping) would improve

my day any....so maybe, the next 2 months if it all dries up for scrypt-pow mining I may 'dabble' in converting my mining after electric to other

alts for the heck of it....at least I would have the 'illusion' on a bit of coin ....numbers wise that is

Again, spoiled from what I used to mine for LTC....starting to not see the point of the miners being on ..if this continues (price depressed and

difficulty up) and I'm out by July 4th, 2018

[Sandal_Hat]

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

When BTC was at $18,000, u will be buying S9 at 7000 USD on ebay. U will not be able to buy it at 2.2k lol.
The only possible way your machine can pay itself in 2-3 months is if btc price rise 3 times in 2-3 months lol.

Only an idiot buys ASIC on EBay or Amazon. LOL. You’re obviously an amateur and you have very little understanding of this game. LOL You should really stop giving advice to people. I see you on several posts proving that you struggle with the reality of the mining world. LOL.

LOL? U should stop talking nonsense. When BTC was 18,000, u cant buy it at bitmain. It gets DDOSed and sold out in 5 seconds. Alot of us tried.

lol stooping to a personal attack. Well, dont make stuff up next time. The mining world is small to me and majority of my assets, by far, are elsewhere lol. And wat u mean by cant make it. This is simple simple plug and play stuff haha. Anyone who can calculate would realize they made more by holding than mining by far simply because difficulty increases alot more than price.

Bitcoin/Litecoin/Ethereum was around 450/4/12 dollars in jan 2017. Just buy and hold since then means u make around 18x, 30x and 57x profit. Not possible to make this much by mining even with free electricity.

[Goool]

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

[BenRickert]

So...you think that if you buy BTC at 18,000 and Just hold it for 5 months while it goes down to 6500 you’re making money??  Are you for real or just trolling your ass off? You’re posting complete nonsense. You have literally NO idea what you’re talking about.

[BenRickert]

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

When BTC was at $18,000, u will be buying S9 at 7000 USD on ebay. U will not be able to buy it at 2.2k lol.
The only possible way your machine can pay itself in 2-3 months is if btc price rise 3 times in 2-3 months lol.

Only an idiot buys ASIC on EBay or Amazon. LOL. You’re obviously an amateur and you have very little understanding of this game. LOL You should really stop giving advice to people. I see you on several posts proving that you struggle with the reality of the mining world. LOL.

LOL? U should stop talking nonsense. When BTC was 18,000, u cant buy it at bitmain. It gets DDOSed and sold out in 5 seconds. Alot of us tried.

lol stooping to a personal attack. Well, dont make stuff up next time. The mining world is small to me and majority of my assets, by far, are elsewhere lol. And wat u mean by cant make it. This is simple simple plug and play stuff haha. Anyone who can calculate would realize they made more by holding than mining by far simply because difficulty increases alot more than price.

Bitcoin/Litecoin/Ethereum was around 450/4/12 dollars in jan 2017. Just buy and hold since then means u make around 18x, 30x and 57x profit. Not possible to make this much by mining even with free electricity.

Okay now for your next math question. Which person made more money. The person that bought BTC at 10,000 and “held it, or the miner ( me ) who sold what he owned at 18k 17k 16k 15k, short d BTC in futures at 14k bought back and got long at 7k sold at 10.5K bought again at 8.2k? Just sitting and holding extremely volatile assets is just plain stupid. Learn to trade, or at the very least do simple hedging. Most people in this space are like little children. Go ahead, get your calculator.

[Sandal_Hat]

Can you do the calculations on if they bought BTC at $18,000.00 and held it versus buying an S9 for $2200.00 and mining BTC all the way down? Cuz I bought S9's for $1500-$2200 and mined and sold BTC all the way down. I NEVER held BTC because I KNEW it was way overpriced. My machines paid for themselves in no more than 2-3 months and I didn't lose any $ on BTC. So there might be some fallacies in your argument.

When BTC was at $18,000, u will be buying S9 at 7000 USD on ebay. U will not be able to buy it at 2.2k lol.
The only possible way your machine can pay itself in 2-3 months is if btc price rise 3 times in 2-3 months lol.

Only an idiot buys ASIC on EBay or Amazon. LOL. You’re obviously an amateur and you have very little understanding of this game. LOL You should really stop giving advice to people. I see you on several posts proving that you struggle with the reality of the mining world. LOL.

LOL? U should stop talking nonsense. When BTC was 18,000, u cant buy it at bitmain. It gets DDOSed and sold out in 5 seconds. Alot of us tried.

lol stooping to a personal attack. Well, dont make stuff up next time. The mining world is small to me and majority of my assets, by far, are elsewhere lol. And wat u mean by cant make it. This is simple simple plug and play stuff haha. Anyone who can calculate would realize they made more by holding than mining by far simply because difficulty increases alot more than price.

Bitcoin/Litecoin/Ethereum was around 450/4/12 dollars in jan 2017. Just buy and hold since then means u make around 18x, 30x and 57x profit. Not possible to make this much by mining even with free electricity.

Okay now for your next math question. Which person made more money. The person that bought BTC at 10,000 and “held it, or the miner ( me ) who sold what he owned at 18k 17k 16k 15k, short d BTC in futures at 14k bought back and got long at 7k sold at 10.5K bought again at 8.2k? Just sitting and holding extremely volatile assets is just plain stupid. Learn to trade, or at the very least do simple hedging. Most people in this space are like little children. Go ahead, get your calculator.

This doesnt have anything to do with your first post regarding mining vs holding coins. Hmmm u are suddenly claiming to be a trading genius lol. Unrelated and I dunno where that came from. Your first post was already impossible. When btc was at 18k, and if u bought the S9 then, the S9 would cost 7k. U would then lose more than if u had just bought btc at 18k and held it till current 8.3k btc price. Your btc devalues by about 55% but your S9 miner devalues in the 90% range lol. The btc mined wont come close to plugging the gap. Simply put, mining then has been more risky and less profitable than holding the underlying. And your claim is unsubstantiated and makes no sense. If one could be a trading genius, they would not mine any btc. Why? Because there will make many times more money trading than mining lol. This is especially the case considering how volatile btc is.

[Sandal_Hat]

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

Hmmm relax. Lets hope no L4 appears. Pumping occurs and flooding ends once bitmain sells whatever amount they need to sell. Cross fingers*

[Searing]

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

well...if they come out with the 'supposed' 1.5gh 400 watt scrypt-pow miner and then do the usual ...mine it for 4-5 months on their own

then allow pre-orders that arrive say Sept/Oct..you will know that this was again an evil plot by Bitmain...because if such is the case

1) they will be the only one's mining with their prob (at worst) 20% cost per unit and low electric costs....every other scrypt-pow miner will be blown out

and no longer make anything past the L3+ over electric...ie ...electric will be more to run an L3+ then it makes...


2) After 'clearing the decks' as it was ...and after blowing difficulty of scyrypt-pow and/or LTC up to a point where NO ONE else can mine LTC say....

that means that anyone wanting to mine scrypt-pow or specifically LTC ...would have to start over and buy say, this likely overpriced 1.5gh 400 watt

product in the fall, that means if you want to mine scrypt-pow you'd be locked into a pre-order and completely at Bitmain's mercy again on if/when

they shoot them out like toasters again and repeat the above process....rinse/wash/repeat

we will see,

bitmain could claim..they had the say supposed 1.5gh 400 watt units in the works before the LTC price dumped etc....does not matter....with their

monopoly...even if that is the case..the above still works in their favor...at their size, there is no way they can lose..no matter what the market

conditions at this point in time

thus that means: Searing = Hobby Miner of a couple units in the basement ....again...(good to be put in my place....keeps me humble)

[Buyingallcoinsz]

My tin foil hat theory is that they are going to start cranking these out every 2-3 months and its going to drive difficulty sky high which will make these prices that seem crazy low now, more sensible later. Alternatively they may be trying to corner market and shut out Innosilicon by undercutting to drive business, maybe these first offerings are a loss leader to drive attention

[Goool]

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

Hmmm relax. Lets hope no L4 appears. Pumping occurs and flooding ends once bitmain sells whatever amount they need to sell. Cross fingers*

If it will appear L4 = proper scam !

[suchmoon]

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

Lay off the red. If you bought L3+ expecting Bitmain to pump LTC to $600 you'd have been better off just buying LTC.

[Goool]

BITMAIN got lazy lately and they don't pump Litecoin

1 L3+ Today is making profit $0.28

Congrats BITMAIN !! You had flooded the market with L3+ miners and now no profit, even in the mini-market they  sell L3+ miners

Now you should pump Litecoin to $600 for your miners to be profitable .........

Lay off the red. If you bought L3+ expecting Bitmain to pump LTC to $600 you'd have been better off just buying LTC.

Do I look a guy that bought L3+ ? Lol you could see what would happened since last Summer .....
All bitmain products are waste of money..... Coins pumps are more profitable .... Look at BCH ...

[QuintLeo]

well...if they come out with the 'supposed' 1.5gh 400 watt scrypt-pow miner and then do the usual ...mine it for 4-5 months on their own

1300 watt per one rumor, as I recall - my own estimate was closer to 1kw, there is NO WAY they're going to manage 400 watts for that hashrate with current technology.

I'm not sure if they could manage it with 7nn/10nm tech when that gets widely available.

[Searing]

well...if they come out with the 'supposed' 1.5gh 400 watt scrypt-pow miner and then do the usual ...mine it for 4-5 months on their own

1300 watt per one rumor, as I recall - my own estimate was closer to 1kw, there is NO WAY they're going to manage 400 watts for that hashrate with current technology.

I'm not sure if they could manage it with 7nn/10nm tech when that gets widely available.

Well, if Bitmain has NOTHING at all in the works besides the L3+ (making for me 51c per day after electric) ...again, if they have NOTHING newer

then Bitmain is in a world of hurt like the rest of us...(how likely is that?)

IF they do have such units at 1.5gh and 400 watts (or whatever) they can blow us all out of the water, current generation pow-scrypt miners, mine

all summer for themselves and then OFFER over the summer, as the usual 4-5 month pre-order,  these new 1.5gh units and such to us in late fall

IT is a win/win for Bitmain...even IF they just 'happened' to have in the works this 1.5gh miner and did not expect the BTC and LTC dump in price

and rise in difficulty with this ...blowing up the works....this still would be their way out to have their cake and eat it too...and basically all of us

at the consumer end...would be forced to 'start over' with these pow-scrypt units in the fall (assuming we wanted to start over) in that difficulty

and current prices would never allow current generations of pow-scrypt miners like the L3+ to catch up past the difficulty they had to eat...with

these depressed prices...would be like the KNC Neptune BTC units of 2014....doorstops within 5 months of arrival ..no way to catch up on price

vs difficulty at that time....same end result if not as fast...for the remaining L3+'s and/or this 'generation' of pow-scrypt miners...

the result will be ... the same fate in 4-5 months over the summer IMHO, Bitmain only one who can mine,  

if Bitmain, for whatever reason has this supposed 1.5gh 400 watt unit they can get out this summer...

again, any way you look at this ...Bitmain will come out smelling like roses...and if conditions continue all the current pow scrypt miners would

be no longer able to run..which means Bitmain with 90% of ASIC mnfg in the world of any ASIC flavor would have to start over the consumer product

division in the fall....with EVERYONE having to buy Bitmain units and start over .the old ASIC's can no longer play...and Bitmain is as a monopoly the

only game in town..come fall...with consumer units......assuming you wanted to mine pow-scrypt or any other flavor ASIC of coin for that manner...

as usual, Bitmain wins...the rest of us just kinda have to eat the sh*t sandwich...

[FloppyPurpleGherkin]

L4 - 1.6GH ~950W

You heard it here first.