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Author Topic: Bitmain Monthly Production of L3+ to Reach 10000 Units  (Read 1688 times)
crypticj
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May 05, 2017, 07:38:39 AM
 #1

I have spoken to few of my sources in china [specifically shenzen area] and they all seem to confirm that with mining of Litecoin since August of last year and selling additional pre-orders of L3+ Bitmain is in process of increasing or is close to producing 10k units of L3+ on ongoing basis.

So we are looking at 5TH/s capacity to be added on a monthly basis, can any one else confirm the following information?

End of May looking at 10Th/s on LTC with difficulty of 400k
June :15 Th/s 600k
July: 20TH/s 798-800K

Does the number seem plausible to every one? Please Let us know.

Thank you,

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May 05, 2017, 09:03:22 AM
 #2

The creator of LTC spoke with owner of Bitmain and they claimed last month to only have 2x of the current hashrate of chips.

Back then the difficulty was 2.5TH/s or so, so they have about 5.0TH/s worth of chips.

However price went up since then and they might of put more in production since it makes more sense mining LTC now then BTC.





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crypticj
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May 05, 2017, 04:18:31 PM
 #3

The creator of LTC spoke with owner of Bitmain and they claimed last month to only have 2x of the current hashrate of chips.

Back then the difficulty was 2.5TH/s or so, so they have about 5.0TH/s worth of chips.

However price went up since then and they might of put more in production since it makes more sense mining LTC now then BTC.

So @ minimal we know they are going to push up network rate all the way to 7.5Th/s that was back in Jan/Feb I just can't imagine they been seating idly by or just stop producing any more scrypt Asic chips. So In my assesment its worst that we think we may even see higher numbers. Makes it very difficult for miners to get repayed unless LTC price keeps going up.

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philipma1957
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May 05, 2017, 04:39:21 PM
 #4

Bitmain  has $$$$$ and lots of $$$$.

So why not  first mine and make a lot of LTC  and they did thid with their gear.

then see what happens if you just keep building l3's and selling them.

They could build 100th of them and sell them if they want to.

so why not do this to see what happens.

The answer is they will roll this way.

Further making money and in my opinion further showing why asic mining sucks  compared to gpu mining.

As 1 player (bitmain in this case)

can flood a coin's hash rate  when they choose to do it.

What does this cost to make and ship  ? 500 usd maybe 600 usd tops selling for 1400 usd with shipping.

Some math 1 L3+ = 500 mh

2 = 1 gh

2000 = 1th

20000 = 10th

the ltc network is  5.320th

https://bitcoinwisdom.com/litecoin/difficulty


I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
ltcsprite
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May 05, 2017, 05:24:29 PM
 #5

Can i run an L3+ on one of these:
https://centrix-intl.com/details.asp?Parent2ID=1&productid=13419

Thanks!
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May 05, 2017, 05:41:32 PM
 #6


I would only use that PSU if I had 240V -- on 110V it only makes 900w. It's clearly on the label in the pictures but not something they call out on their site or in their ebay listings.
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May 05, 2017, 05:46:51 PM
 #7


I would only use that PSU if I had 240V -- on 110V it only makes 900w. It's clearly on the label in the pictures but not something they call out on their site or in their ebay listings.

Hmm.  Thanks for the response. 

Do you know of a better option to run an L3+ on 110v?

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May 05, 2017, 06:01:28 PM
 #8


BITMAIN's L3+ plans sound like a call option on LTC segwit. I think if BITMAIN is trying to build a crypto empire, LTC segwit is a way to go.
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May 05, 2017, 06:53:29 PM
 #9

I have spoken to few of my sources in china [specifically shenzen area] and they all seem to confirm that with mining of Litecoin since August of last year and selling additional pre-orders of L3+ Bitmain is in process of increasing or is close to producing 10k units of L3+ on ongoing basis.

So we are looking at 5TH/s capacity to be added on a monthly basis, can any one else confirm the following information?

End of May looking at 10Th/s on LTC with difficulty of 400k
June :15 Th/s 600k
July: 20TH/s 798-800K

Does the number seem plausible to every one? Please Let us know.

Thank you,

This would be a complete disaster if they did this.  I hope for everyones sake, including their own this isnt the case.  They will destroy mining scrypt as we know it.

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crypticj
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May 05, 2017, 06:53:42 PM
 #10


BITMAIN's L3+ plans sound like a call option on LTC segwit. I think if BITMAIN is trying to build a crypto empire, LTC segwit is a way to go.

+1 I think with ethereum Bitmain realized they might be losing there grip on cryptos so they brought Litecoin back in play with segwit activation.

I agree i think Bitmain is diversifying from BTC to LTC in a big way.

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crypticj
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May 05, 2017, 06:56:16 PM
 #11

I have spoken to few of my sources in china [specifically shenzen area] and they all seem to confirm that with mining of Litecoin since August of last year and selling additional pre-orders of L3+ Bitmain is in process of increasing or is close to producing 10k units of L3+ on ongoing basis.

So we are looking at 5TH/s capacity to be added on a monthly basis, can any one else confirm the following information?

End of May looking at 10Th/s on LTC with difficulty of 400k
June :15 Th/s 600k
July: 20TH/s 798-800K

Does the number seem plausible to every one? Please Let us know.

Thank you,

This would be a complete disaster if they did this.  I hope for everyones sake, including their own this isnt the case.  They will destroy mining scrypt as we know it.

they don't care they know they will make there money upfront in 2 ways #1 mine the machines before they sell it to us at a premium and than #2 collect additional BTC and LTC when they sell us the used machines.Pure Genius I think i am going to swear off on ASICs based mining coins like BTC, LTC and Dash time to focus on Ethereum based GPU mining

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May 05, 2017, 06:59:51 PM
 #12


BITMAIN's L3+ plans sound like a call option on LTC segwit. I think if BITMAIN is trying to build a crypto empire, LTC segwit is a way to go.

+1 I think with ethereum Bitmain realized they might be losing there grip on cryptos so they brought Litecoin back in play with segwit activation.

I agree i think Bitmain is diversifying from BTC to LTC in a big way.

This time is the time of alt coins and apparently Bitmain is losing grip with their S9 Antminer not being sold as before (maybe a new S11 is already in production and we may see it coming late July/early August). They are trying to bring back litecoin now as many people are looking at it with the 250 MH/scrypt with only 400 watt at the wall. They can destroy mining if they bring on the production of these powerful units they are willing to produce.




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May 05, 2017, 07:14:25 PM
 #13


BITMAIN's L3+ plans sound like a call option on LTC segwit. I think if BITMAIN is trying to build a crypto empire, LTC segwit is a way to go.

+1 I think with ethereum Bitmain realized they might be losing there grip on cryptos so they brought Litecoin back in play with segwit activation.

I agree i think Bitmain is diversifying from BTC to LTC in a big way.

This time is the time of alt coins and apparently Bitmain is losing grip with their S9 Antminer not being sold as before (maybe a new S11 is already in production and we may see it coming late July/early August). They are trying to bring back litecoin now as many people are looking at it with the 250 MH/scrypt with only 400 watt at the wall. They can destroy mining if they bring on the production of these powerful units they are willing to produce.

THIS show why asic mining has become terrible.  only a hand full of builders and in the case of bitmain  they can flood a coin with hashing gear whenever they want to do it.

If I were them  I would sell 1th a week of 1300 l3+ until the market decides that is enough.  then drop price to 1100 and sell l3+ until the sales slow

rinse and  repeat.  I believe they will do this.  they will end up with 2-4x the current hash rate of ltc.  More if people switch from btc to ltc in droves.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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May 06, 2017, 11:05:07 PM
 #14

I suspect Bitmain will sell as many L3+ as they can get chips made for for as long as folks buy them as fast as they can make them - which WILL slow down when the current profitability level drops quite a bit.

 This will take a while though - even the bloody GRIDSEED GC3355-based miners have gotten to be profitable again at current Litecoin price vs current difficulty.

 I also suspect the entire reason they were willing to do the L3 at all was that sales of the S9/T9/R4 had finally dropped to the point that they COULDN'T sell them as fast as they could get the chips, so they had some "spare foundry capasity" available to do something else on.


 I keep wondering if they're working on an X11/X13/etc chip design to go head-to-head against the Baikal, for when L3+ sales start stagnating.




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May 07, 2017, 05:00:44 PM
 #15

THIS show why asic mining has become terrible.  only a hand full of builders and in the case of bitmain  they can flood a coin with hashing gear whenever they want to do it.
Well, any other manufacturers went out of business because people complained a lot and in some cases they sucked/overpromised/rushed to market/dealt with the big bitcoin spike. Such is life, likewise why would anyone want to get into the business when the threat of lawsuits is hung over everyone's heads?

China is kind of out of reach of all that. Thus here we are.

Moving forward, traditionally it was a lot harder to build a scrypt ASIC chip than a SHA one. That's why KNC Titans were such oddballs for so long; I still have no clue how they did it. But now that the secret has been cracked expect LTC to do what BTC did.
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May 07, 2017, 07:16:07 PM
 #16

So is anyone buying the July batch of the L3+?

Im very tempted on the one hand... but the other hand reminds me that the difficulty is going to savage by delivery date


Furthermore, BitMain are likely to be developing a new generation of ltc miners.. and just as the S3, S5, S7 and S9 each superseded and made obsolete its predecessor, the July batch is closer to any next gen ltc miner BitMain may release


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May 07, 2017, 07:19:54 PM
 #17

So is anyone buying the July batch of the L3+?

Im very tempted on the one hand... but the other hand reminds me that the difficulty is going to savage by delivery date


Furthermore, BitMain are likely to be developing a new generation of ltc miners.. and just as the S3, S5, S7 and S9 each superseded and made obsolete its predecessor, the July batch is closer to any next gen ltc miner BitMain may release




Nope I am personally staying away. it would have bee better to buy the LTC @ $4 or $8

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Searing
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May 07, 2017, 08:20:00 PM
 #18

I posted I got L3's about April 1st because I yelled 6 buck floor and figured I could over a
years time probably ROI and replace eventually 3k of KNC Titans that have ROI'd with 3k of L3's.

Got 4 out of 8. 4 yanked. Got equivalent $$ 2x hash 4 L3+'s 22nd at May 5th run.

I was wrong in the right direction on the pump.

So my planning failed. But got lucky. Due to timing will likely do well.

But the games bitmain played with seq witness. Hashing with prepaid etc.

It could have gone toilet city instead.

Thus if you can't plan on a coin rise in the sense that if coin goes up 4x the
Maker of the equip will come in and play games or delay your equip to mine themselves as
the new norm. You have no way to tell if your logic to get equip due to your
research on a coin pump/rise means squat. Due to bitmain as an example
Pulling a fast one.

So after all this. If they toss them out like toasters. I can't get around this new
Reality. Too much risk. Thus probably mining at a plus 20 miner setup in a data hall
For me, is likely last hurrah. 2018 at best I may have myself back to say 2 X11 miners
In basement for fun again.

What the hell. Was a good run.

But my rational imho decision that was sane on April 1st. The basis for that sanity, even with the
Risks of getting asics purchase risks (dumb ass as it may have been) are now ALL OUT OF MY CONTROL  now
With bitmain dominance and stunts.

So only equip from now on is for equip depreciation purposes (maybe X11) or
Eventually used or GPU's. The game is rigged and only luck and pump got me to this point

Can never count on this bitmain stunt not being pulled again.

I was always happier as a hobby miner anyway. Time to wind it back I guess

Anyway, lucky sure. Want to run the rapids again with a bitmain defective boat over
Niagria Falls again on hope I'd survive to profit again.    Er, I'll pass.

Anyway, my 2 satashoi's on the scrypt pow madness/chaos and pump.



Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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May 07, 2017, 11:27:46 PM
 #19

So is anyone buying the July batch of the L3+?

Im very tempted on the one hand... but the other hand reminds me that the difficulty is going to savage by delivery date


Furthermore, BitMain are likely to be developing a new generation of ltc miners.. and just as the S3, S5, S7 and S9 each superseded and made obsolete its predecessor, the July batch is closer to any next gen ltc miner BitMain may release




Get an L3+ for the high hashrate(july)

and an A4 for the immediate delivery lol!
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May 07, 2017, 11:43:02 PM
 #20


THIS show why asic mining has become terrible.  only a hand full of builders and in the case of bitmain  they can flood a coin with hashing gear whenever they want to do it.


Phil - market is self-regulatory entity. I t will react on flooding with coins on market. For example, Coinbase already has it in their buying dashboard - so sort of earlier adopters. So with increase of difficulty price can go up, compensating losses for miners.

And it is basically does not matter will be market flooded with Bitmain or with 1M of personal miners with GPUs. It will affect only on the rate of market response - in case of Bitmain will be accelerated one.

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