Topic: Bitmain Monthly Production of L3+ to Reach 10000 Units (Read 1774 times)

I agree..for those who already have miners price going up will save our bacon....but for ordering July or later..imho bitmain on such an LTC price rise will do what it did last time
slow/stop shipment of already paid for machines (the so called firmware problem again) and thus would not get any at this point in time

the big change from years past...asic makers like knc and others would release a batch ....fill their data halls..then supposedly..(likely later still with diff rise) you could 'kinda'
count on a lag in the equipment of 2-3 months while you/they digested w/o blowing up the difficulty

bitmain just did this in the last month or so to pre-mine and try to stop seg witness..that did not work but they drove up the difficulty and pre-mined my prev equipment too boot

well bitmain is balls to the wall and that is no longer the case  on shooting out equipment asap...thus will be imho NO lag of a month or so to mine...just blamo pump to dump

2nd point mentioned above..if for some reaon on their pre-mining your paid equip 4-6 weeks the price would say of LTC double or triple...you may not get your miner till
much later...knc did this to Neptune owners in 2015 with btc equip..used pre-paid miners to fill their data halls first for 4-5 months then shipped when difficulty was high
the original paid owners of the equip ..Neptune's got maybe 1/4 back of their purchase costs

so I agree with you but I THINK THAT THIS HAS CHANGED...WITH PRE-MINE ..THEM BEING THE ONLY MNFG AND THE WAY THEY COULD DO THIS AGAIN ON AN LTC PRICE PUMP
OF 2X OR MORE

thus I'm out ...... they MAY NOT do so ....but the fact they COULD do so..along with the other risks...make July or later too risky for my taste


it was always 'flimsy' enough my bets on asic equip (been very lucky if paranoid) w/o having to worry about if I see a price pump of a coin and order equip
it will be held ....with such tricks...hard to make choices on this kinda thing if the rules are constantly changing to favor the mnfg who also mines .....too weird for me ...I'm out.

Buit again, imho worse case if you got a May 5th or previous bitmain miner you probably will be fine to ROI ..it may still take 12 months if really nuts....but should be OK..

but July on .....er ....that is really pushing it imho with what we are speculating on here/suspect and have seen bitmain do in the past

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.

Get an L3+ for the high hashrate(july)

and an A4 for the immediate delivery lol!

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.

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

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

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.

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.

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.

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.

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

+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 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.

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.

Hmm.  Thanks for the response. 

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

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.

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

Thanks!

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

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.

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.