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Author Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner  (Read 274824 times)
toptek12
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May 29, 2018, 01:23:05 PM
Last edit: May 29, 2018, 01:50:33 PM by toptek12
Merited by suchmoon (5)
 #4321



lol. GPUs are more profitable lol.


A lot more profitable. I bought two L3 + in March, worse mistake i made in a while my three GPU rigs make more i should have bought two Vega 56's in stead . from what i see buying there new L4 or whatever they call it won't be worth the 1.5, 2 or 3k they may charge for it used unless it does some thing like 3 or 4 GH/S because 1.5 GH won't last long an is just another Ripe Job coming selling them at 1.5, 2 or 3 k @ 1.5 GH .

it also depends on how much power that 1.5 GH miner uses it can possible be worse.

1.5 GH  7 bucks a day  no power usage added on
3 GH    16 bucks a day no power usage added on >>>>>>>>>>>>>>>>>>>>  we don't know yet what the power usage is.
4 GH    22 bucks a day no power usage added on

but the fools will pay it thinking they got some thing me included, I hope i don't and unless the community as a whole fights back, butmain will keep doing it .
Plus no one should be fooled into to thinking it cost them a ton to make gear,it doesn't .
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May 30, 2018, 12:33:52 AM
 #4322



lol. GPUs are more profitable lol.


A lot more profitable. I bought two L3 + in March, worse mistake i made in a while my three GPU rigs make more i should have bought two Vega 56's in stead . from what i see buying there new L4 or whatever they call it won't be worth the 1.5, 2 or 3k they may charge for it used unless it does some thing like 3 or 4 GH/S because 1.5 GH won't last long an is just another Ripe Job coming selling them at 1.5, 2 or 3 k @ 1.5 GH .

it also depends on how much power that 1.5 GH miner uses it can possible be worse.

1.5 GH  7 bucks a day  no power usage added on
3 GH    16 bucks a day no power usage added on >>>>>>>>>>>>>>>>>>>>  we don't know yet what the power usage is.
4 GH    22 bucks a day no power usage added on

but the fools will pay it thinking they got some thing me included, I hope i don't and unless the community as a whole fights back, butmain will keep doing it .
Plus no one should be fooled into to thinking it cost them a ton to make gear,it doesn't .



currently getting below on an L3+ at 500mh and 800 watts from Bitmain

8c a day! Living the dream! This is on $119 LTC.

24 hours   0.02325045 LTC   2.77 USD   2.69 USD   0.08 USD
7 days   0.16275318 LTC   19.37 USD   18.82 USD   0.55 USD
30 days   0.69751362 LTC   83.00 USD   80.64 USD   2.36 USD

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
  █████████▄      ▄██████████
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    █████████████████████████
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.....
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May 30, 2018, 02:38:45 AM
 #4323



lol. GPUs are more profitable lol.


A lot more profitable. I bought two L3 + in March, worse mistake i made in a while my three GPU rigs make more i should have bought two Vega 56's in stead . from what i see buying there new L4 or whatever they call it won't be worth the 1.5, 2 or 3k they may charge for it used unless it does some thing like 3 or 4 GH/S because 1.5 GH won't last long an is just another Ripe Job coming selling them at 1.5, 2 or 3 k @ 1.5 GH .

it also depends on how much power that 1.5 GH miner uses it can possible be worse.

1.5 GH  7 bucks a day  no power usage added on
3 GH    16 bucks a day no power usage added on >>>>>>>>>>>>>>>>>>>>  we don't know yet what the power usage is.
4 GH    22 bucks a day no power usage added on

but the fools will pay it thinking they got some thing me included, I hope i don't and unless the community as a whole fights back, butmain will keep doing it .
Plus no one should be fooled into to thinking it cost them a ton to make gear,it doesn't .

Yep and GPU has a floor profit so to speak, because they cannot decrease the cost of gpu by too much. Their profit margins arent that high. They cant lower the price by 70% or halve the price. Not possible. My worry is whatever gear is bought, asics can have the price lowered by a good 50-70%, increasing sales for the manufacturer but killing off profit and ROI for current owners. For example the E3 was once sold at 800 usd. It is now around 1.8k usd I think. They can lower it to 800 USD and that increases difficulty greatly for everyone. It gives far lower profits for the 1.8k usd buyers. For the S9 and L3, i think part of the reason for the lower price is due to new competition.

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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June 03, 2018, 08:20:57 AM
 #4324

Update

Income: $2.88/ day
El cost:  $1.89/day at $0.10/ KWh
Profit :   $0.98/day


Without the monthly administration fees of the farm....

BITMAIN THE KILLER OF THE COINS
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June 03, 2018, 12:35:29 PM
 #4325

Update

Income: $2.88/ day
El cost:  $1.89/day at $0.10/ KWh
Profit :   $0.98/day


Without the monthly administration fees of the farm....

BITMAIN THE KILLER OF THE COINS

No, its the GREED kill it

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June 03, 2018, 07:17:25 PM
 #4326

Running any number of L3+ noise makers and want to make them more efficient to extend it's useful life as a heater versus a doorstop? Heave a look at this:

https://bitcointalk.org/index.php?topic=3546316.0

ethOS GPU mining rig Stats || L3+ mining and WTT Tokens @ Giga-Watt
-=O=-
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June 03, 2018, 07:41:41 PM
 #4327

Well just to be consistent...what I'm getting now as of 6/3/18.

Bitmain L3+ 500mh 800 watts at $124.50 LTC at USA average of Summer Rates of 12c kwh

now 72c per day per L3+


24 hours   0.02430191 LTC   3.03 USD   2.30 USD   0.72 USD
7 days   0.17011338 LTC   21.18 USD   16.13 USD   5.05 USD
30 days   0.72905735 LTC   90.77 USD   69.12 USD   21.65 USD

Hardly inspiring, but what the heck..it is some progress. I still think my end date for shutting off

the L3+ miners (16 equiv L3+ in hash) will be July 4th, 2018...just can't see it being pushed any farther.

brad



Running any number of L3+ noise makers and want to make them more efficient to extend it's useful life as a heater versus a doorstop? Heave a look at this:

https://bitcointalk.org/index.php?topic=3546316.0



Have not gotten around to doing these mods yet. Will take me a couple weeks. But of course this should improve your

bottom line somewhat and stall doorstop status.

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
██  █████████████████████████
  █████████▄      ▄██████████
█████████████▄  ▄████████████
    █████████████████████████
  ██████████▀    ▀█ ▀████████
████  █████▀  ▄▄  ▀█  ▀██████
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██  █████    ██    ██    ████
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.....
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June 03, 2018, 08:03:47 PM
 #4328

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.
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June 04, 2018, 12:29:15 AM
 #4329

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

Project Apollo: A Pod Miner Designed for the Home https://bitcointalk.org/index.php?topic=4974036
FutureBit Moonlander 2 USB Scrypt Stick Miner: https://bitcointalk.org/index.php?topic=2125643.0
LTC:LX5vpxrQE4eLRLPobKwZhw2comkKFCh3p4 - BTC:14w9Lea6kdVzspJk8TQRe7qSYu9LhzJJsh
BenRickert
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June 04, 2018, 12:32:28 AM
 #4330



lol. GPUs are more profitable lol.


A lot more profitable. I bought two L3 + in March, worse mistake i made in a while my three GPU rigs make more i should have bought two Vega 56's in stead . from what i see buying there new L4 or whatever they call it won't be worth the 1.5, 2 or 3k they may charge for it used unless it does some thing like 3 or 4 GH/S because 1.5 GH won't last long an is just another Ripe Job coming selling them at 1.5, 2 or 3 k @ 1.5 GH .

it also depends on how much power that 1.5 GH miner uses it can possible be worse.

1.5 GH  7 bucks a day  no power usage added on
3 GH    16 bucks a day no power usage added on >>>>>>>>>>>>>>>>>>>>  we don't know yet what the power usage is.
4 GH    22 bucks a day no power usage added on

but the fools will pay it thinking they got some thing me included, I hope i don't and unless the community as a whole fights back, butmain will keep doing it .
Plus no one should be fooled into to thinking it cost them a ton to make gear,it doesn't .
Best post I've read in here in a long time. This guy "gets it". Set your metrics and STICK with them. Mine....If I can't recoup my investment in 6 months or less on ASIC, I DON'T BUY. In reality, 6 months is at the extreme end of my comfort level. I have only bought 1 or 2 units at that end of my tolerance. Sure some people say...." 6 MONTHS?! That's an amazing return on investment compared to other businesses!". Well....this isn't like other businesses. For the very reasons our friend pointed out in this post. The harsh truth is, he's right. Even the newer releases will not be overly compelling. Unless you are going at huge scale. By that I mean 1000 units or more. Prediction; A LOT of people and groups that are "all in" on mining and expanding and scaling at too fast a pace will be going broke in the next 6-12 months. There are TONS of entities, that are bringing in investors and "fast money" to finance their dreams. They pay WAY to much for infrastructure, WAY too much for Hardware and WAY too much for RMA. Their bodies will soon be all over the place.  Soon people will talk about mining with the same disdain as they talk about cancer. Then and only THEN, will it be time to get into mining. Mark my words....

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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June 04, 2018, 01:38:32 AM
 #4331

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

Yep, it is probably people turning it off. It is the same as dash. If u see dash difficulty, it goes up and down alot according to prices. But Bitmain is still selling these cheap and there will always be new buyers when price spike and difficulty has not spiked yet. This makes it look profitable during that short period....

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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June 04, 2018, 04:54:48 AM
 #4332



lol. GPUs are more profitable lol.


A lot more profitable. I bought two L3 + in March, worse mistake i made in a while my three GPU rigs make more i should have bought two Vega 56's in stead . from what i see buying there new L4 or whatever they call it won't be worth the 1.5, 2 or 3k they may charge for it used unless it does some thing like 3 or 4 GH/S because 1.5 GH won't last long an is just another Ripe Job coming selling them at 1.5, 2 or 3 k @ 1.5 GH .

it also depends on how much power that 1.5 GH miner uses it can possible be worse.

1.5 GH  7 bucks a day  no power usage added on
3 GH    16 bucks a day no power usage added on >>>>>>>>>>>>>>>>>>>>  we don't know yet what the power usage is.
4 GH    22 bucks a day no power usage added on

but the fools will pay it thinking they got some thing me included, I hope i don't and unless the community as a whole fights back, butmain will keep doing it .
Plus no one should be fooled into to thinking it cost them a ton to make gear,it doesn't .
Best post I've read in here in a long time. This guy "gets it". Set your metrics and STICK with them. Mine....If I can't recoup my investment in 6 months or less on ASIC, I DON'T BUY. In reality, 6 months is at the extreme end of my comfort level. I have only bought 1 or 2 units at that end of my tolerance. Sure some people say...." 6 MONTHS?! That's an amazing return on investment compared to other businesses!". Well....this isn't like other businesses. For the very reasons our friend pointed out in this post. The harsh truth is, he's right. Even the newer releases will not be overly compelling. Unless you are going at huge scale. By that I mean 1000 units or more. Prediction; A LOT of people and groups that are "all in" on mining and expanding and scaling at too fast a pace will be going broke in the next 6-12 months. There are TONS of entities, that are bringing in investors and "fast money" to finance their dreams. They pay WAY to much for infrastructure, WAY too much for Hardware and WAY too much for RMA. Their bodies will soon be all over the place.  Soon people will talk about mining with the same disdain as they talk about cancer. Then and only THEN, will it be time to get into mining. Mark my words....

yep...always knew I'd be at the wrong end of miner buying someday...I can only be lucky as a big miner for so many years...seems it is back to hobby mining...(a

couple of some ASIC flavor coin in the basement for fun and heat in the winter maybe only). But went like 6 L3+'s too far this last early spring...oh well, It was

a good run from 2013 to spring of 2018 and ROI'ing on everything...but looking with Bitmain...that IF the price and difficulty wipe out ALL miners, then their

own and any miners they may have on deck (the supposed 1.5gh L3+) well if it is just Bitmain being able to mine pow-scrypt all Summer of 2018 only....because

all other pow-scrypt previous units have been wiped off the earth and unminable....well...I sure am not gonna be much of a pow-scrypt coin supporter..watching

Bitmain makes dough all Summer on say (supposed) new miner with a pre-offer order for the rest of us in late fall 2018. Hell, I'll buy a bunch of LISK (pos staking coin)

and walk away completely first...(why do I feel this is very likely how this is gonna fly?) Hope I am wrong...but not gonna play their pump them out for their own use on

pre-order game and then pump them out like toasters after the fact game anymore..I'm out likely...

......
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..PROFITBOX..
██  █████████████████████████
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WinMar
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June 07, 2018, 01:10:37 PM
 #4333

Does anyone know how to fix CRC5 errors on antminer L3+ The miner runs for a few miniutes normally after a reboot then it starts having CRC5 errors and 3 out of 4 cards stop hashing. Eventually they go XXXXX on the status screen update. I can reboot then they run for awhile and stop again.

Jun  7 12:27:37 (none) local0.err cgminer[25758]: bitmain_scanreg,crc5 error,should be 04,but check as 03 166 288
Jun  7 12:27:37 (none) local0.err cgminer[25758]: bitmain_scanreg: reg_value = 0x01000000

It seems to me the main controller board may be having a problem.
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June 08, 2018, 05:26:58 PM
 #4334

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable.

L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal.



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June 08, 2018, 08:01:57 PM
 #4335

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable.

L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal.




"Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI).

Project Apollo: A Pod Miner Designed for the Home https://bitcointalk.org/index.php?topic=4974036
FutureBit Moonlander 2 USB Scrypt Stick Miner: https://bitcointalk.org/index.php?topic=2125643.0
LTC:LX5vpxrQE4eLRLPobKwZhw2comkKFCh3p4 - BTC:14w9Lea6kdVzspJk8TQRe7qSYu9LhzJJsh
aarons6
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June 09, 2018, 01:04:19 AM
 #4336

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable.

L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal.




"Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI).

please make a pod miner.. no more usb sticks... the usb hubs cant handle the power requirements.
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June 09, 2018, 09:45:27 AM
 #4337

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable.

L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal.




"Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI).

Wow, only 1%. Thats low.

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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June 09, 2018, 03:03:45 PM
 #4338

(I am already playing with new chips FYI).

Now that's interesting news. From a recognizable chip producer, or a soon to be (in)famous one?

I've got a lone L3+ hashing away, and would like to at least try to get ahead of the coming wave, even if the wave soon overtakes me.

ethOS GPU mining rig Stats || L3+ mining and WTT Tokens @ Giga-Watt
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racebyu
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June 11, 2018, 12:15:31 AM
 #4339

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable.

L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal.




"Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI).

That is great news!
I hope the new chips have a reduction in power of 50% with increases in hashing power of over 100%.
jstefanop a pod miner like the old Gridseed units would be killer to start, the USB sticks draw too much
power to be run though a hub at higher hash rates over spec.
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June 11, 2018, 06:11:08 AM
 #4340

Difficulty has been dropping lately. Maybe due to GameCredits being more profitable to mine at the moment or Bitmain turning off some of their machines in attempt to keep the L3+ appear profitable so they can dump their remaining stock.

lol highly doubt that...more like thousands of people paying more than 10 cents electricity turning off their machines.

I'm sure a lot of folks have been turning off their older generation miners over the last couple months - even at 3 cent electric the A2/Titan/Alcheminer generation is no longer profitable.

L3/A4/L21 generation is still profitable, if you don't have "high for mining" electric rates, but are starting to get a bit marginal.




"Old gen" gear accounted for 3 Terahashes of the network though, before Bitmain started flooding with miners. Thats currently less than 1% of the network, so whoever turned those off no one even felt it. Recent drop is definitely from this gen gear...which looks like its already last gen since its obvious that new gear is already hitting the network (I am already playing with new chips FYI).

That is great news!
I hope the new chips have a reduction in power of 50% with increases in hashing power of over 100%.
jstefanop a pod miner like the old Gridseed units would be killer to start, the USB sticks draw too much
power to be run though a hub at higher hash rates over spec.

Unfortunately those days are over. ASICs have caught up with node development at this point so it was not like the fun days of goin from 90->40->28nm. What I can say is the chip itself does under 1W/MH, and im pretty sure I can get pretty close to that with my design.

And yes my new miner will be a pod Cheesy Hopefully ill have something concrete to announce in the coming weeks.

Project Apollo: A Pod Miner Designed for the Home https://bitcointalk.org/index.php?topic=4974036
FutureBit Moonlander 2 USB Scrypt Stick Miner: https://bitcointalk.org/index.php?topic=2125643.0
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