Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner - page 214. (Read 284882 times)

Difficulty spike happening  160k+ Next stop 500k and than to the moon.. good luck, all the old miners are useless now. Time to cancel all of the July Order.

Anyone understand this part of the contract dealing with hardware redemption?

7.    Customers holding enough MH/s to constitute an entire machine of the associated type (e.g., 4860 MH/s of Antminer L3+) are eligible to convert that amount of MH/s into the used unit of the associated type. If a user does not have enough GH/s of the associated kind to exchange for actual hardware, then this user is not eligible for hardware redemption.

4860mhs what?

I bought a few. Not that I have particularly high hopes for it - I'm pretty sure Bitmain will find a way to screw us, this is just a gamble on how soon that happens... I'm guessing they might keep profitability hopes alive until ~July.

You're right.. even less than that now. Oh and I got the site working

Well the stock has dropped to 1,525 so somebody has been buying them 

I tried and it didn't seem to work. Did anyone get it working signing up for a l3+ on hashnest? seems like a decent deal

I checked but is there an issue with getting these?

Yeah they have clearly gone double that amount already I didn't cross check the actual hash amount when I posted it, I just had remembered reading the 900GH comment when the question came up. It's along the lines of what I said many posts/threads ago that if Bitmain gets into this space, we will see what happened with BTC in terms of difficulty. The question is will the price of LTC rise the challenge now that SegWit is locked in? Only time will tell...

Where have you guys been?? They have already added over 2000GH to the network in a span of a month, and don't seem to be stopping until they milk this cow dry. I wouldn't expect them to stop until the ROI on these things are in the 10-12 month range. So at current prices were looking at a network hashrate of 15 TH by the end of the year.

That's literally the million dollar question.

if they only produce what was originally rumored 900GH worth of miners, then that comes to about 1785 L3+ miners.

If they produce less than that, they will have more value, if they produce more than that, they will have less value -- UNLESS the price of LTC jumps up higher than it is now.

900GH Source
https://twitter.com/SatoshiLite/status/851126773349621760

Does anyone know how many L3+ bitmain was going to sell in 2017?  I havent seen any numbers regarding this.  Thanks.

Those are the pacmic contracts that work that way.

Buying machines via hashnest, is just like buying them direct and having them shipped to a hosting facility. They continue to run until Maintenance Fee > Income (and to be fair bitmains fees are reasonable), whilst there may be some newer miners coming the huge gains in efficiency have already occurred so they should be profitable for a long time to come.

The benefit is for people like me who live in countries with 20% import duties and very high electric, yes there are downsides like you can't point them to mine elsewhere, and you don't get the fees in the block rewards being the main 2, but then there are other positives like the ability to buy/sell all or part of your hashrate.

So it will depend on your own circumstances if it's a good idea

Hard to figure out what is going to happen with the price of LTC vs. Diff rise but we will need to see a large increase in LTC price to keep scrypt mining sustainable for those of us that pay large electric bills.  I hope that happens and LTC spikes rather soon......

Can someone help me see the logic of using Hashnest? it doesn't seem like its 12 or 6months.. but it looks like it said the contract ends when the principal has been paid back in full to the buyer.. so if you sign up for the L3+ or whatever.. you stop getting value back once you get back what you paid for.. 0 net gain.. What am I missing?

Thanks for the info..

I have 'supposedly' May 15th batch of 4 coming. (On the other hand if the LTC price shoots above $25 I would give great 'odds' of another 'firmware issue' delay
on getting my L3+'s ......amazing how that would work out that way huh...frigging bitmain....I see $25 buck LTC the last thing I would buy is a bitmain product
sure as hell they'd do the above trick again and mine them 6 weeks)

er sorry...off on rant

but anyway ...'supposedly' my stuff will come sometime after May 15th ..so from what I can tell at this time..the worse that will happen in my case for my 3000mh
bitmain replacement of my 3000mh (soon to be doorstops) KNC Titans..due to bitmain using only 1/3 the power...

anyway end of the year comes around the worse I can see happening is me eventually explaining to my CPA why I got 'oranges for oranges' ie

I spent BTC...to mine the BTC to eventually get me to the same place as if I never got the bitmain stuff in the first place

(I do a lot of this kinda dog like behavior..running around chasing tail.....to end up in the same place I started from...fun stuff like that)

So still not likely to take a bath yet...but time will tell...

this of course is not counting on (hoping....) that LTC price will continue to go up....but when I did this deal I was NOT counting on price
much above $10...so if the price of LTC and/or pow scrypt goes up yet...I'm still ok...but damn..I hate when my math has to depend on
a price pump of whatever I'm mining...but with bitmain's kitchen sink approach to all in on rising difficulty....price of LTC may determine
the outcome ABOVE just breaking even...(of course if it dumps thats another kettle of fish bet..that we won't go into here)

silly frigging hobby....

Im going to wait for some Hashrate to show up and be active on Hashnest before i buy any.  I wouldn't want to pay 600 USD more and end up having the hashrate deployment be delayed as well.  The only benefit to paying extra is being able to get in early before the spike in difficulty.

Hashnest charges a maintenance fee of $0.00266/MH/Day so about $1.34 a day

I think the shipping & deployed within 3 days thing is slightly misleading though, there is no way these are sat on a shelf waiting for people to buy, they are already mining for them, all they do is swap them to you in 3 days (because last time I bought S9's this way it was exactly 3 days to the minute)

It's likely therefore that they won't strictly increase the hashrate on their own, it was more the quantity that they have been able to produce.

Hashnest has been very profitable for me, but the sheer volume of machines and it's effect on global scrypt hashrate (compared to what a batch of S9's can do) is what makes these extremely risky IMHO

Anyone who has paid for a July machine could well find it's losing money by the time it arrives.

With L3+ showing up on Hashnest, wouldn't it be best to purchase and get in before the Spike in difficulty to try and get ROI  before all of the physical shipments are completed?

Theoretically i mean... Even though you would be paying a premium.  I assume it wouldn't reach redemption anytime soon and purchasing the hashrate as early as now would ensure you a few months of additional profit post ROI. 

So correct my math here ...and assumptions below (i'm not liking them much...please slap me down!)

but did not someone say previous posting to this on bitcointalk that it was looking like Bitmain was sending out to the world 2,200 units a batch? (so april/may/july1/july2/july3)

plus the above available practically NOW 1,1712 hashnet deal (3 days) (I assume the $1895 price includes 1 year of elec/rent/etc (or is it 6 months...let me know if this is incorrect)

then add to the fact whatever Bitmain proper is dumping into its own data halls as a hedge on the LTC price going to the moon etc say another 2,200 units as a ball park

man now we are a talking difficulty moon shot!

So is that bitmain's play to frigging 'own' pow scrypt asic mining as a mnfg and pool operator and cloud mining unversal take over? No one could dare challenge them on
any of these 3 fronts ...far into the future?

A sort of ' lets see if we can do this with pow scrypt first ..then try the same trick with bitcoin propper...

anyway just wondering if the 'meglomania' is as bad as it seems from my above assumptions

(again please someone slap my ass down on this.....I frigging really, really want to be told I'm double counting this in some manner)


starting to look a lot like this guy lately *but more successful*





sheesh...I'm living thru the dawning age of " ASIC SUPER VILLANS" so where the f*ck is BATMAN..DAMN IT!......

Well I just noticed that the L3+ has just shown up on Hashnest @ $1895 and deployed within 3 days, not great news for those who paid for their July orders (but then pre-orders are never a good idea)

Also worth noting that it is showing a current stock of 1,712 that's a massive amount of hashrate !!!!