Topic: Is the Antminer L3+ Litecoin miner worth buying now? (Read 1250 times)
buy LTC and relax
I ordered 4 units of L3+ from Bitmain on July. They should deliver me form 21.9. You can count that around 10,000 devices will be plugged in in October which will rise difficulty for around 5000. I think they received orders in August too which will ship in October. I think you can count you will get 50% from what you see now in calculators in November. Other factor is price which was going up from 45 to 90 USD but now after China ICO ban and rumors that China will ban Crypto exchanges it drops to 65 USD. I hope price of Ltc will go to 100 but can not guarantee that. Bitmain has Dash machine D3 which shows crazy good result in calculators of mining profitability but with that D3 you must also count that there will be difficulty increase with every new wave of orders. If I didn't buy 4 L3+ devices I would order D3. About Litecoin you can see profitability here: https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=504&HashingUnit=MH%2Fs&PowerConsumption=1200&CostPerkWh=0.075.
Many thanks for your reply. The way the difficulty is increasing (and will be increasing after all those L3+ miners go live) makes me think it's not really worth buying it... You have already ordered yours and it will come soon. If I want to order now, well, I can't (orders are currently closed, as usual), so I'll have to wait for the next batch. This means I will have to pre-pay $$$$ now, and my L3+ will arrive in December at the earliest, or in early 2018 if there are any issues, customs delays, etc. The difficulty then is expected to shoot to the sky, and LTC price is struggling ATM...Given all of the above, I think I may have to abandon the mining idea, and just buy & HoDL for now. Currently seems more profitable and hassle-free...
I ordered 4 units of L3+ from Bitmain on July. They should deliver me form 21.9. You can count that around 10,000 devices will be plugged in in October which will rise difficulty for around 5000. I think they received orders in August too which will ship in October. I think you can count you will get 50% from what you see now in calculators in November. Other factor is price which was going up from 45 to 90 USD but now after China ICO ban and rumors that China will ban Crypto exchanges it drops to 65 USD. I hope price of Ltc will go to 100 but can not guarantee that. Bitmain has Dash machine D3 which shows crazy good result in calculators of mining profitability but with that D3 you must also count that there will be difficulty increase with every new wave of orders. If I didn't buy 4 L3+ devices I would order D3. About Litecoin you can see profitability here: https://www.cryptocompare.com/mining/calculator/ltc?HashingPower=504&HashingUnit=MH%2Fs&PowerConsumption=1200&CostPerkWh=0.075.
Hello to the altcoin mining community,
I'm very seriously thinking of purchasing one (1) unit of the Bitmain Antminer L3+, for mining using NiceHash or some other mining pool. I've been following cryptocurrencies for 3+ years now, but I'm a newbie when it comes to mining. I know that mining Bitcoin is now almost unprofitable for small-scale setups, so I thought that the L3+ may be a suitable choice, considering that Scrypt mining is still not as heavily saturated as SHA256. The profitability figures shown in NiceHash are remarkable, see below:
Past earnings for the Antminer L3+:
Now, here in Europe, the L3+ can be bought for around 3200 EUR, including the power supply, VAT and shipping costs, and I will have it in my hands on December 2017, which is very late considering the fast pace things are changing in this space.
Notice the above title: "Past earnings", which leads me to the question: what should I expect to get from this miner in the future? What about the change in difficulty for Litecoin and other Scrypt coins? Also note that the electricity costs where I live are quite high (around 0.2 EUR/kWh), a non-negligible negative term in the equation.
So, what do the experts here think? Does it make sense financially to set this rig up? Is it economically viable? Will I achieve ROI in a reasonable amount of time (if ever)? Is it worth the money, time and effort? On paper it looks great, but I worry that it may just be too good to be true...
Alternatively, should I investigate using graphics cards (GPUs) for mining?
Many thanks in advance for any comments, suggestions and advice you can give me.
I'm very seriously thinking of purchasing one (1) unit of the Bitmain Antminer L3+, for mining using NiceHash or some other mining pool. I've been following cryptocurrencies for 3+ years now, but I'm a newbie when it comes to mining. I know that mining Bitcoin is now almost unprofitable for small-scale setups, so I thought that the L3+ may be a suitable choice, considering that Scrypt mining is still not as heavily saturated as SHA256. The profitability figures shown in NiceHash are remarkable, see below:
Past earnings for the Antminer L3+:
- Gross income: 1,187 EUR/month
- Electricity cost: 115 EUR/month (@ 0.2 EUR/kWh)
- Net profit: 1,072 EUR/month
Now, here in Europe, the L3+ can be bought for around 3200 EUR, including the power supply, VAT and shipping costs, and I will have it in my hands on December 2017, which is very late considering the fast pace things are changing in this space.
Notice the above title: "Past earnings", which leads me to the question: what should I expect to get from this miner in the future? What about the change in difficulty for Litecoin and other Scrypt coins? Also note that the electricity costs where I live are quite high (around 0.2 EUR/kWh), a non-negligible negative term in the equation.
So, what do the experts here think? Does it make sense financially to set this rig up? Is it economically viable? Will I achieve ROI in a reasonable amount of time (if ever)? Is it worth the money, time and effort? On paper it looks great, but I worry that it may just be too good to be true...
Alternatively, should I investigate using graphics cards (GPUs) for mining?
Many thanks in advance for any comments, suggestions and advice you can give me.
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