Topic: Antminer L3 - 250mh - 400watt Scrypt miner coming soon - page 13. (Read 137455 times)

It is my understanding that if you buy into the hashnest you don't really manage the miner.  It is pointed to an Antpool and that is they way they run things.  Otherwise like you said you would simply login and change the pool where ever you want.  I don't have first hand experience with Bitmain's Hashnest, but that is one of the big draw back to buying into this managed solution based on what I have heard from others.  I think their fees are setup on a per MHS basis so that is probably how they do the billing is to use their pool to track the billing.  Just a guess on my part however.

Maybe someone with first hand experience can chime in and explain how it works. 

You are man............... Exactly my mining scenario.

Why are these miners limited to antpool? All my other miners have the ability to enter a pool definition. From what I know the L3/L3+ have a web interface which allows you to enter the pool info.

the miner that is coming out in July can it mine any scrypt or ltc only?

Wow! Bitmain earned about 1,2 Mio USD within the last 12 hours, selling their cloud L3+ on hashnest.
Mining is very profitable at the moment - aehmmmm - for Bitmain.

After reading these posts about bitmain and getting their equipment, I feel "dirty".
Excited, but so dirty. I thought my ASIC tramp days were over after my knc camp following days.

It is all so familiar. Using the web to "hook up" with the latest asic. The
payment in that evil btc. The sadistic thrill of pre-order 'blind date' action.

Will the asic show up? Will the asic meet my needs? Do I look pretty?

Yep. I have a problem

That means you have to mine on Antpool and Antpool only. Basically Jihan holds your d***. Also means can't mine anything else than LTC.

Well, assuming they make $20 per day for the next 60 days, that would about make-up the difference in the cost between the July order and now, so I don't see any specific advantage in getting it now vs waiting for the $1300 version in July.

Well if you want to buy, but not to wait, you can buy now on Hashnest, they have +750 miners L3+ on sale for 2760.0 USD(98.74917709Ł) 

Yup i would rather build and eth rig for around 1700 that pays 20 usd a day dual mining NOW and make 20*60 $1200 in profit before power costs than tie up 1600 with bitmain for two months. And I know that my
harware for rigs will allway have a value,I cant say for sure the price on the L3 won't tank if prices drop or diff shoots skyhigh.

Of course if you have $$ or bitcoin sitting around and you dont care thats fine , but the opportuniy cost of having funds sit around for two or three months is bad

The point that I would like to stress here with USAO's post is that he is talking about equipment he WOULD HAVE IN HAND TODAY.  Mining today, making money today and riding this surge in coin prices.  Of course the ROI numbers would elongate for a miner in hand today as you will see the mass influx of miners, hash rate and skyrocketing diff push out the ROI.  That is a risk, but at the moment a very acceptable risk.

That is scenario 1 where Bitmain offers to sell a miner and you buy it today, expect to have it in a few days, and hope to capitalize on getting it early and mining like crazy.  

The problem is we are talking about scenario 2.  A delivery in mid to late July with a fixed price that you have to pay today for a miner that based on the numbers we can see right at this moment looks like the diff skyrocket is going to seriously put a pinch on anyone who will be taking delivery in July.  The mass influx of new miners from Bitmain is going to be putting a squeeze on all those profit projections everyone is having fun making right now.  Your chances of a short time frame ROI on a July miner is looking pretty slim at the moment unless we all catch a break and we continue to see this spike in coin prices and/or Bitmain does not flood the market with more miners.  That is a pretty big IF.  

So please keep the skepticism in context.  The context is a miner you pay good money for today, that you won't see until July and we all can run the diff calculator to figure out that the numbers starting to get questionable for a short term ROI.   That really is the point and the concern is the forward sale of miners when we just don't know what the numbers are going to look like to determine if it is reasonable to think you might have a decent shot at ROI.

If you are new and are not sure what I am talking about lets just have you do a little experiment.  Start calculating the numbers in each day in What to Mine and figure out a wild guess on what you might have been paid today for a 504mh 800watt L3+(please note the coin price at the time of recording the numbers to help put it in context), screen shot it or write it down.  Do this on a regular interval between now and the end of July.  Then compare the numbers.  If you want to share the results of your experiment with us here that would be fun.  If coin prices hold flat or decline you will see the effects of diff increases with the spike in hash rate over that time frame and maybe have a little greater appreciation of the more conservative opinions expressed here by some of the forum members.  

What you are largely hearing is not opinions to NOT buy miners, but frustration that if you want to buy a miner today and get it in your hands while the iron is hot you can't do it.  And locking in prices for miners out into the future is very risky.  

As long as people understand that going into the transaction then great, no worries, place your orders now for a late July delivery and get them while you can.  You absolutely cannot tell if there will be additional batches of miners made available, when, how many, or at what price.  So it really is a gamble either way.  Place your bets... And in the words of the great one, Mr Spock, "Live long and prosper".      

I think it's because many of us have been through the mill before, buying rigs when profits were high, then seeing the hashrate skyrocket well past projections and barely able to reach ROI if at all.
It's a pessimistic approach, but I have been burned many times on miners which should have ROI'd in 2-3 months only to reach the reality that it just doesn't happen most of the time...

I really don't understand you people.


I am completely new to mining. I calculated everything, less Hash, more Watt, i decreased the exchange rate drastically and I upped the difficulty....


I still get out ahead. Even in 2 month....


Reading the last pages, I get the feeling you all are delusional and expect millions in return from a scrappy miner....


How about you start seeing it as it is:


1299$ hardware + yearly variable costs =  X

Revenue = Y

If Y > X you make profit and the whole thing is worth it.





I calculate my profit on 30% of my total investment. If i go to whattomine, i get 300-400% profit (right now if everything would not move a bit).   Calculating like that is stupid. If that was the case no-one would ever work anymore.


30% is a lot more than any bank would give me or stockmarket is performing on ave....



How about you start looking at it like this instead of crying all the time its not worth it

How do you define "the right time"? Sounds like "market timing" for the stock market and that rarely works.
For the people who bought or mined when LTC was $2, I would say 100% earnings growth and selling at $4 is a good deal.
How about those that sold when LTC got over $10, only to wait and see it where it is now?
You cannot predict markets, never works. Do you sell now with LTC where it is now? What if in a few weeks it's $100? you don't know the future.
All you can do is tell when you "personally" are above water and decide then if you want to wait for potentially more, or perhaps it will drop back to $4, then where will you be.

Market timing is all hype. Don't believe it.

Also with the recent btc bull its hard to lock up funds in advance.  Total disaster would be if btc really spikes, LTC lags and bitmain saturates the market with L3s, too much unknown.  2 months is a long time in crypto

@numbnutz2009 you are spot on here... Comments like the previous tell me they aren't calculating diff and figuring out a guesstimate of what the real payout will be in 2 months.  Then everyone acts all butthurt when the profit per miner is a small fraction of what it is right at this moment when their new miner shows up in a couple of months.  Do the math or prepare to be shocked when you are not rolling in coin in a couple of months...

If you own an L3 or L3+ right now then you can get a decent return, in a couple of months you will need double or triple the hash rate to get anything close to what you are making right at this moment.  So when @USAO is hesitant to commit funds 2 months out given the diff increases and what is going on that is wise to stop and consider what the real rate of return will be and will the price they sold them for today be worth it in a couple of months?  Nobody can tell you that right now based on what we are seeing on the network.

If Bitmain keeps popping out miners like this the return rate will be similar to what you see with the S9 before long and that is not a pretty picture.  

I dont give a shit if is not proffitable when they arrive, ill mine and hold till the right moment to sell.  

All the miners who sold LTC at 4 usd for over a year know what i mean, (poor bastards ) you need to mine hold, and sell when the right time comes.

To trade the secret is to buy when the blood is on the streets, same with miners, the secret is to mine when is not proffitable for others  

Did you know LTC is not the only Scrypt coin to mine right ?

Probably this is a good asic to start some balcony mining I guess, too bad it's 2 months away. Profits will be lower significantly

lol only poor people?? im not rich but im not poor and im tellin u basing your purchase of these machines on the invo available today isnt very smart. the delivery date is 2 months away and the estimated coins per day went from 10 to 5 in less than a month based on my april 15th batch and the difficulty has been going up and up by around 10% every 3 days so expect to get 1 coin per day if your lucky not including the fees. i cant say its not worth it for sure but the info you supplied to prove its worth it tells me your not planning for the increase in difficulty. you will also see another large spike in hashrate when the later batches shipso your earnings will be even lower. unless they are shipping that miner within 5 business days dont waste your money on them.

Ill add my praise to Tim over at BTCMEQC, He has been hosting 2 of my A4's since Fem. Very nice guy and responsive to support as well. If I can get my mitts on an L3+ thats where I would send it...