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

[jstefanop]

I took ,ine the the dump and enjoyed throwing them and seeing them smashed to bits..

@Fuck Bitman

I call bullshit, no one is stupid enough to smash a miner that they can sell.

You sure about that? 

https://bitcointalk.org/index.php?topic=1357793.msg13819207#msg13819207

[1714128730]

1714128730

[1714128730]

1714128730

[BenRickert]

I took ,ine the the dump and enjoyed throwing them and seeing them smashed to bits..

@Fuck Bitman

Hey while you're throwing money away, can you shoot me over some BTC, LTC and or ETH?? I'll PM you my Addy.

[madmartyk]

I took ,ine the the dump and enjoyed throwing them and seeing them smashed to bits..

@Fuck Bitman

Hey while you're throwing money away, can you shoot me over some BTC, LTC and or ETH?? I'll PM you my Addy.

me too!!!

[Sandal_Hat]

I took ,ine the the dump and enjoyed throwing them and seeing them smashed to bits..

@Fuck Bitman

I call bullshit, no one is stupid enough to smash a miner that they can sell.

You sure about that? 

https://bitcointalk.org/index.php?topic=1357793.msg13819207#msg13819207

Wow, waste of money. Not a huge waste since the machine has been devalued but still a waste..

[Sandal_Hat]

do you think I should pull off my L3+ now?
it almost brings me nothing after expensive even some lossless too

Unless you are just trying to accumulate LTC and build a position at these price levels i would. Even then, if you're acquiring LTC through mining it at any type of loss I would think you're better off just buying it on the open market than suffering the mining process for the same result. To own LTC. The moment any of my miners go break even I turn them off and sit tight. Things always change in this space. I had D3's off for more than 2 months and they came back.

Yep, if u gonna mine at a loss, might as well buy the ltc on market than pay for the electricity. U will get more ltc that way.

[QuintLeo]

STOP BUYING L3+ units, is not proffitable anymore.

You pay more for electricity than what you mine.

It depends on your electric cost - for ME, an L3+ would still be profitable, but for most folks you're correct that it is not profitable any longer.

[Sandal_Hat]

STOP BUYING L3+ units, is not proffitable anymore.

You pay more for electricity than what you mine.

It depends on your electric cost - for ME, an L3+ would still be profitable, but for most folks you're correct that it is not profitable any longer.

To be fair, it really depends wat happens going forward even for low cost people. Price of LTC falls like a brick and difficulty, as usual, always rises. Those who unplug L3+ will plug it back in as price rise. It has become a D3.

Even at 6 cents, that will only make 38 USD now. An L3+ with PSU sets u back 726 USD, at full price with delivery and 10% VAT yet. That means 19 months to break even lol. I am using cryptocompare calculator. With coupons, it will be abit faster though.

I find it madness. This is wat an oversupplied sector looks like, when there is too much interest and oversupply occurs. BTC mining still looks ok but heck, if it can happen to the L3+, it can possibly occur to the S9.

[BenRickert]

STOP BUYING L3+ units, is not proffitable anymore.

You pay more for electricity than what you mine.

It depends on your electric cost - for ME, an L3+ would still be profitable, but for most folks you're correct that it is not profitable any longer.

To be fair, it really depends wat happens going forward even for low cost people. Price of LTC falls like a brick and difficulty, as usual, always rises. Those who unplug L3+ will plug it back in as price rise. It has become a D3.

Even at 6 cents, that will only make 38 USD now. An L3+ with PSU sets u back 726 USD, at full price with delivery and 10% VAT yet. That means 19 months to break even lol. I am using cryptocompare calculator. With coupons, it will be abit faster though.

I find it madness. This is wat an oversupplied sector looks like, when there is too much interest and oversupply occurs. BTC mining still looks ok but heck, if it can happen to the L3+, it can possibly occur to the S9.

Completely agree. I am 100% positive the S9 is next. Even right now at .10kwh it is down to $1.30 per day. Nasty.

[Searing]

STOP BUYING L3+ units, is not proffitable anymore.

You pay more for electricity than what you mine.

It depends on your electric cost - for ME, an L3+ would still be profitable, but for most folks you're correct that it is not profitable any longer.

To be fair, it really depends wat happens going forward even for low cost people. Price of LTC falls like a brick and difficulty, as usual, always rises. Those who unplug L3+ will plug it back in as price rise. It has become a D3.

Even at 6 cents, that will only make 38 USD now. An L3+ with PSU sets u back 726 USD, at full price with delivery and 10% VAT yet. That means 19 months to break even lol. I am using cryptocompare calculator. With coupons, it will be abit faster though.

I find it madness. This is wat an oversupplied sector looks like, when there is too much interest and oversupply occurs. BTC mining still looks ok but heck, if it can happen to the L3+, it can possibly occur to the S9.

Completely agree. I am 100% positive the S9 is next. Even right now at .10kwh it is down to $1.30 per day. Nasty.

my thing now is LTC difficulty I mean a 9% gain in difficulty the last few pops (sure 2 are flat..but still) I have a hard time thinking that it should be more...but that it is currently

being prop'd up by Bitmain having new units hitting their data hall...

So it generally sucks big time...my 8,000mh is currently OFF for the next 2 weeks at least...was just heating up the whole data hall and losing about $234 a month after an electric loss

we will see

fun times (not)

currently, LISK (pos coin) is the only thing accumulating for me month to month (0.9% a month about) thus I sit on my LTC hoard and wait for Aug 8th as a cutoff on when/if to dump

(retired on crypto 3 years early...got to eat) to get to 25% cap gains with state taxes.....fun times indeed

unless prohashing is doing great things with their algo ..I got no angle on this but stop digging the hole bigger than I'm in

but this is bad guys, the BEST (if only) in mass miner that you can get from Bitmain, the L3+, is mining for me at a 50c loss per day for me

24 hours   0.02307999 LTC   2.19 USD   2.69 USD   -0.50 USD
7 days   0.16155993 LTC   15.35 USD   18.82 USD   -3.47 USD
30 days   0.69239971 LTC   65.78 USD   80.64 USD   -14.86 USD

of for my full 8,000mh it is at NEG -$7.93 per day! or NEG -$237.79 a month

24 hours   0.36927984 LTC   35.08 USD   43.01 USD   -7.93 USD
7 days   2.58495891 LTC   245.57 USD   301.06 USD   -55.48 USD
30 days   11.07839531 LTC   1052.45 USD   1290.24 USD   -237.79 USD

Again, worse case, Bitmain has NEW equip going into data halls (thus not the dump in difficulty yet) and they mine for the summer kicking up difficulty 30% or more

making it impossible for any previous scrypt-pow miner, L3+ or another brand to work at that difficulty...and the field of equip is wiped from the earth with Bitmain (controlling 90% of

pow-scrypt at that point) announces....they are willing to take a 4 month pre-order for a unit delivered in late fall....not gonna play....it will kill all scrypt-pow coins if such happens,

intentional or not..(i think these new miners were in the works and the price even has surprised bitmain ...but they will mine them anyway, it is what they do..evil never rests)

well as they say in wargames...the only winning move is NOT TO PLAY!

[bminer.ca]

but this is bad guys, the BEST (if only) in m.ass miner that you can get from Bitmain, the L3+, is mining for me at a 50c loss per day for me

Time for you to use a tool that does auto pool switching so you optimize your profitability. No reason to loose money right now with a L3+.

This said profitability is incredibely low on the L3+ currently.  Fortunately my S9 and D3 (was absolutely not expecting that!!!) are more profitable...

[Searing]

but this is bad guys, the BEST (if only) in m.ass miner that you can get from Bitmain, the L3+, is mining for me at a 50c loss per day for me

Time for you to use a tool that does auto pool switching so you optimize your profitability. No reason to lose money right now with an L3+.

This said profitability is incredibly low on the L3+ currently.  Fortunately, my S9 and D3 (was absolutely not expecting that!!!) are more profitable...

Problem is at $1,290.27 USD a month in electric....and a $234 loss in electric....it saves me say ....(not sure) let's say 100 bucks..I'm still down $134 USD!

Not worth the effort if 1) the price does not come back to over $160 LTC in the next 2 weeks or 2) difficulty does not go down (again it is  up 9% so I think it at best will stay even)

So with no price pump and difficulty staying even...why tread water?

I have the option of turning them back on at the end of the month but it is very doubtful (esp if Bitmain is putting out supposed new equip for scrypt-pow in the pipeline....to

be fair I doubt Bitmain expected this dump in LTC and scrypt-pow price...but if it exists they will mine it...regardless...)

We will see at the end of the month, but indeed I do wish to be wrong....then that means the odds of me being Natalie Portman's Love Puppet are at least somewhat more likely!

dare to dream!




later brad

[bminer.ca]

I guess it depends a lot on your power cost. I pay 4.6 cents per kw, so 26,5$ per month in power for each L3+.
Not that hard to make more than 26,5$. Your power seems quite expensive!

Today I made 3.5$ by mining various coins (including XVG which I don't like but it was the most profitable a good chunck of the day).
Still profitable enough to run but I'll not get rich this way...

I agree it's highly probable that bitmain will release something new soon, this may be what's gona kill my L3+

[Searing]

I guess it depends a lot on your power cost. I pay 4.6 cents per kw, so 26,5$ per month in power for each L3+.
Not that hard to make more than 26,5$. Your power seems quite expensive!

Today I made 3.5$ by mining various coins (including XVG which I don't like but it was the most profitable a good chunck of the day).
Still profitable enough to run but I'll not get rich this way...

I agree it's highly probable that bitmain will release something new soon, this may be what's gonna kill my L3+

not sure where you are in the world...but yeah...I pay 14c kwh when you include the data hall rent etc

ave elec in USA w/o is 12c kwh. Elec rates usually every year they seem to raise them 1c in Summer usual increase over winter rates...every year

at least that is included in my current 14c kwh price ...moot now....in that they are shut off for the next year....alas.....(all them pesky solar

panel folk leaving the grid?) naw...just because they can

that's ok though...mined since 2013...so no complaints...except the usual Bitmain shooting stuff out like toasters

Yeah, you can keep it up longer than me indeed at those electric prices....but ONLY if Bitmain does not have new equip coming out this

Summer...then you could be golden ...with the say vast majority of folk paying 12c kwh ave in the USA ...(or most parts)

you could kill IF the difficulty goes down

me, if the difficulty goes down by quite a bit...I would probably only break even...right now I'm losing 50c a day...

at 8,000mh and a $1,290.27 monthly data hall electric bill...well...them days are gone...not at a present $237 a month after the electric loss

(which last I looked came to 2.49 LTC loss a month by mining over buying)

Anyway, good luck, there out to be a lot of 'cheap' equipment out there at your rate

later

brad

[Sandal_Hat]

I sold most of my LTC...even at these low levels. It is getting too risky.

Once difficulty goes higher, a handful of low cost big miners can come together and do a 51% attack for their own gain. It is gonna be more and more centralized to low cost miners. Higher cost miners turn it off. If it keeps up, eventually most of the machines will be run by few 3-4 cents guys only. Bitmain now lowers price to 476 USD, probably to lower inventory lol .....sigh. The problem with this industry is that manufacturers can make money at the expense of customers.

[Searing]

I sold most of my LTC...even at these low levels. It is getting too risky.

Once difficulty goes higher, a handful of low cost big miners can come together and do a 51% attack for their own gain. It is gonna be more and more centralized to low cost miners. Higher cost miners turn it off. If it keeps up, eventually most of the machines will be run by few 3-4 cents guys only. Bitmain now lowers price to 476 USD, probably to lower inventory lol .....sigh. The problem with this industry is that manufacturers can make money at the expense of customers.

yeah...likely....waiting till August 8th, 2018 have some LTC that will be a year and a day then...so only 25% cap gains with taxes from my state taxes

yep...well I went like 6 bitmain miners too far this year...never to ROI after I shut the titans off
so it goes I guess

I also got 5 dubious obelisk siacoin miners coming in the middle of July 2018 that I need likely never take out of the box

(needed the equip deduction in 2017 really, really, bad...last June was making 20k a month..on LTC....ah...the good old days on LTC on the pump)

anyway, probably makes very little diff on the obelisk miners ...got them when BTC was high..not to mention the tax and equip advantages

the sad thing is I swap'd the 1/2 off coupons they gave me for the above for a decred miner for FREE but alas aug 30th on that

so ...that also probably can stay in the box too...in that probably won't be able to justify running it for the electric either

so anyway, as of today...*supposed* to have all my miners shut off 8,000mh of pow-scrypt...*still not shut off so this could change*

had to end sometime...a good run from 2013 till now though...always knew I'd go a miner too far..in 2018's case that was 6 L3+'s

3 months ago

so it goes...but yeah...LTC is looking shaky indeed compared to what Bitmain may still have to ship as new equipment and the

CURRENT generation available in mass...being shut down (assuming 12c kWh average USA electric rates

anyway..the fat lady has sung in my case

brad

[BenRickert]

I guess it depends a lot on your power cost. I pay 4.6 cents per kw, so 26,5$ per month in power for each L3+.
Not that hard to make more than 26,5$. Your power seems quite expensive!

Today I made 3.5$ by mining various coins (including XVG which I don't like but it was the most profitable a good chunck of the day).
Still profitable enough to run but I'll not get rich this way...

I agree it's highly probable that bitmain will release something new soon, this may be what's gona kill my L3+

How did you achieve such a reasonable cost for Kwh? Is that the raw Kwh cost you pay or is there the usual .02 additional in added fees from your power Co.?

[bminer.ca]

I guess it depends a lot on your power cost. I pay 4.6 cents per kw, so 26,5$ per month in power for each L3+.
Not that hard to make more than 26,5$. Your power seems quite expensive!

Today I made 3.5$ by mining various coins (including XVG which I don't like but it was the most profitable a good chunck of the day).
Still profitable enough to run but I'll not get rich this way...

I agree it's highly probable that bitmain will release something new soon, this may be what's gona kill my L3+

How did you achieve such a reasonable cost for Kwh? Is that the raw Kwh cost you pay or is there the usual .02 additional in added fees from your power Co.?

I just checked and in fact the price reduced april 1st 2018.

HydroQuebec DT price. 4,37c/kw (canadian dollar) = 0.0331c USD/kw
http://www.hydroquebec.com/residential/customer-space/account-and-billing/understanding-bill/residential-rates/rate-dt.html

And yes I have to stop the miners when temperature is below -12 celcius, otherwise it cost a fortune...

Not sure what you call the 0,02 added fee from the power co. Since this is attached to my home I anyway pay the fixed fee to get service...

[QuintLeo]

I guess it depends a lot on your power cost. I pay 4.6 cents per kw, so 26,5$ per month in power for each L3+.

not sure where you are in the world...but yeah...I pay 14c kwh when you include the data hall rent etc

They're somewhere in the same county I am at - same rate I pay, and there is a TON of mining activity here and in the next 2 counties over where the rate is close to (or UNDER) 3 cents/kwh due to the very cheap electric cost.

Our rate here DID just go up a bit though - it's closer to 4.7 now than 4.6 with ALL costs included.
Local PUD (and the 2 in those "next counties overs) EACH owns one or more major Columbia River power dams - and subsidizes local rates somewhat through the sale of excess electric production to other areas that will pay quite a bit more and STILL saves money over their own local generation.
I call Central Washington State "the land of VERY VERY low cost electric" for a reason.

Yes, the US average is closer to 12, but you can find places to host gear in the area I'm in that will charge you 5-7 range including hosting fees and internet access etc.

[Sandal_Hat]

I guess it depends a lot on your power cost. I pay 4.6 cents per kw, so 26,5$ per month in power for each L3+.

not sure where you are in the world...but yeah...I pay 14c kwh when you include the data hall rent etc

They're somewhere in the same county I am at - same rate I pay, and there is a TON of mining activity here and in the next 2 counties over where the rate is close to (or UNDER) 3 cents/kwh due to the very cheap electric cost.

Our rate here DID just go up a bit though - it's closer to 4.7 now than 4.6 with ALL costs included.
Local PUD (and the 2 in those "next counties overs) EACH owns one or more major Columbia River power dams - and subsidizes local rates somewhat through the sale of excess electric production to other areas that will pay quite a bit more and STILL saves money over their own local generation.
I call Central Washington State "the land of VERY VERY low cost electric" for a reason.

Yes, the US average is closer to 12, but you can find places to host gear in the area I'm in that will charge you 5-7 range including hosting fees and internet access etc.

is hosting gear even safe?
scams can occur right

[bminer.ca]

is hosting gear even safe?
scams can occur right

Scams can occur everywhere.

This said tons of legit hosting places exist. if you do your homework right you should be fine.