Topic: Antminer L3 - 250mh - 400watt Scrypt miner coming soon - page 28. (Read 137428 times)

Looks like Bitmain haven't even sold out T9/S9. World coming to end

Agree- great explanation.

I will have to disagree regarding Seg Witness and Lightning.  Only ones going to get richer with this scheme are those that are already rich.  They will move most of the transactions off network and you will end up with more concentration of power than the biggest miners ever dreamed.  Who does Charlie Lee work for again??? Hmmmm

I do hope there is a "staying" price increase for LTC so that normal people can get some benefit from this scam, but the future will be bleak for mining... Maybe the future won't have mining?  Might as well be playing with FIAT trading if we end up going that route. 

The centralization of power and control in crypto is evil.  Any changes have to address these fundamental flaws while we are worrying about transaction times and scaling.  Anything that fails to do both is no improvement.  Sometimes the word "progressive" or "progress" does not mean what we would hope it does. 

Anyway back on topic here.  I am looking forward to the reports from the L3+ owners.  Please post your observations and experiences.  The L3+ is going to be a big deal if this Seg Witness thing happens and 30% of the hash rate gets sucked off into sidechains or whatever scheme they have cooked up so it will mean a significant haircut to miners right out of the gate.  We will need a lot more hashing rate to get the same rate of return unless of course the price of LTC goes to the moon.  I guess we could pray for a moon shot! LOL  Thankfully LTC is not the only game in town.

I am off grid for a week or so... You guys hold down the fort while I am gone.   I look forward to the L3+ reports when i get back! 

Damn...I hope you are correct up to July.......and even if they double hash and diff goes up another 33% I'm golden with my hoard till ..hell maybe into 2018
IF Charlie Lee also does his part and gets LTC with seg witness hype and lighting hype off the ground...go baby go ...we need $25 buck coin so my miners
avoid destitutitution and and have to stroll the neighborhood...looking for 'doorstop' action....hubba hubba ..a sad fate indeed...


So is my 'stack' big enough to weather this difficulty hump up ..whatever size it may be? hmmmmmmm...........



then again.....crypto is an 'evil mistress' this all could be a trap Perhaps it is ALWAYS a trap!

the trap is probably the math...i always get the damn math wrong...grrrrrrr............

Based on their history with BTC miners, I think you're right and would agree that 350-500 miners per batch seems about right, but actually believe they may be selling 1/2 of each batch to pay for the entire batch so they receive theirs for free.

In terms of ROI, it's anyone's guess. There are some great scrypt projects such as Syscoin and Gamecredits which are about to release their core project features whose price could go to the moon in the next few months and at the same time BitconnectCoin could crash any day, and LTC may revert to 1:200 price relationship once the BTC scaling debate is resolved.

Two things to think about:
1.) The L3's will likely have a hardware failure rate similar to other Bitmain products. In this respect my fear is that the L3+ will be worse than the L3 because each board's single serial DC circuit must carry twice the current to feed 2x the chips. This could work out really badly and is the main reason I'm waiting for a while before jumping in. It could also explain why Bitmain is selling these so cheap as the failure rate might be crazy bad.

2.) In terms of profits and ROI, the greater the payout per MH/s as it is right now, the less efficiency matters as daily electricity cost becomes a smaller and smaller percentage of the daily profits. Inversely, when profits are really high as they are now, reliability becomes more important as the cost of a down miners costs more and more. Imagine if you miss a month of 0.00009 BTC/MHs just before it drops back to 0.00004?

I'm sitting on the fence until batch 1 of L3+ miners have at least 90 days on the clock.

Serial versus Parallel DC circuit design. or
Efficiency (bitmain) versus reliability (inno)

I hope the price goes down in July, but not from the current web page it's the same price as the May batch...
As for the hashrate, I (for one) almost never mine LTC directly. Just no profit in doing that. Always been using either nicehash (which could be using my hashrate for LTC) or crap-coins and cash-out for BTC.
So, I don't think it's fair to assume 100% of the new hashrate will be going to the LTC network.

Based on my estimated size per chip, they are probably producing 100k chips per wafer batch. So about 300-500 units per batch. This is inline with the first L3 batch that bumped hashrate up by about 200-300 GH. To be safe figure they are producing 500 per batch, for a total of 1,500 units for the 3 batches. Your looking at least 750 GH of hashrate added to network. So at least 3.5 TH by July. I would base any ROI calculations on that.

And of course you can assume they'll do what they did with the L3 buyers that got screwed...sell double the hashrate miner for half the cost in july again

Yep, I neglected to consider the 288 chips per rig. My bad.
Ok, I can see how 3.5k units could sell out in a day.

If anyone has second thoughts, please let me know as I would like to get one if possible.

all you can do is wait. when my payment gets stuck i notice it goes through the the wee hours of the morning and im eastern time. i have seen my payment gets stuck for an upwards of a day so its not uncommon im sure. mine got stuck when i stopped filling out the info for the transaction to re read the listing on bitmains site and in a matter of a few mins the minimum tx recomended went up but it didnt change on my wallet so i ended up underpaying when sending my payment which caused it to take forever to process lol. in any case even if it expires on bitmains website you can email their support with the order info anf tx details and they will manually approve the payment for you if their system doesnt pick up on it already.


idk....we are talking chinese manufacturing and assembly work prices and they are selling them at premiums and markups so im pretty sure lower numbers on miner productions are more than withing their margins. as for chips....of course they are having tons of them produced at once to get lower numbers but 100k+ fully assembled miners isnt something they are knocking out in a few minths. I feel like the heatsink placement on the front and back on each chip is one of the largest delays when producting assembled miners for them. they cant flip the boards over until the adhesive cures and they have to place one on every cip on both sides. either way i think a couple k miners in a single batch is more realistic.

I do have problems like that. I've made a payment by money transfer but now it says Unpaid, Expired.
Am I alone in this or it's general problem?

Hey guys, my payment is stuck also as i didn't realise the payment fee was low when i sent it to bitmain   any suggestions on speeding up my transaction?

Much appreciated

L3 are far too efficent vs. A4. They are on same process 14/16nm so power draw should be close and not 2.5x difference.

Is covert ASICBOOST being used on L3 or L3+? Thought that was only for SHA256 PoW, not scrypt.
Only makes sense to dump if PoS kicks in.

Well it sounds like Segwit or UASF is going to get pushed through and miners are about to take a serious haircut.  This probably explains the sudden move to presale miners and dump them in the market by Bitmain. 

Funny how the money masters have managed to get everyone to think it is a good idea to just hand the keys over to them and make everyone think it was "our idea". 

So this may explain the sudden odd behavior by Bitmain.  But then again my tin foil hat is wrapped kinda tight...

288 chips on each unit. 1M chips around 3.5k units. That sounds realistic.

I have a hard time thinking they can manufacture anything less than a 100K units cost effectively.
Most FAB runs are in the millions of units.

Seriously WUT!!!! mate.

Million units is 500THash/s. All Scrypt network is at most 5THash/s. 3 For LTC and 2 for other shitcoins. At most we are talking about few K. It's not BTC network which just eats up new units.

I get what you are saying. I can't fault them, except for how fast it went through from April, May now July.
I would have expected it to progress through the delivery dates slower than it did.
Im more mad at the situation, where I completely missed out on this because of a lousy 0.1 BTC.
Placing an order for April delivery was fine. Perhaps even May, but July, that's just not going to happen that far in advance.
I don't know how many they sold, but im assuming it's in the millions, and to run out that fast, crap...
They probably should have built more like 2-5 million instead of a smaller number. I don't really know how many they made, but 1million seems like a good guess.