I bought some too against my better judgement. My outlook is bleak but after coupons i paid $650.00 per L3+ including shipping. That's one rock solid little unit so at that price, it's worth a try. Definitely saving most bullets for next tech. Keep in mind the massive outlier of Lightning Network. If that effort takes hold, this stuff will blow the roof off. There is better than a 50/50 Chance that can happen in 2018. It's always darkest before the dawn.
Yep, that is my bet also..grumpy though it makes me....I"ve too much dubious LISK ..that would be very sucseptable to a price dump of BTC and all crypto....thus
my hedge below...I don't like it...but again at my risk of needing to make $250 a unit to break even AFTER electric...I too figure it is maybe a bit more than 50/50 odds in my case.
(again see below posting) ...but we are all essentially betting (even if just like me in a small part) on Unicorn dreams/ fariydust/ rainbows/ and nubile women.....odds are long...
most likely senario is price goes sideways...and all this equipment I get will just be a 'wash' oranges for oranges ..when the mining pukes...but hey, you know what they say:
dump or pump...chump or champ...we will see!
brad
Wow, super bargain price. Any rumor on next generation of scrypt miner from Bitmain ?
Also have similar concerns...L3+ price keep dumping. Or maybe it just because of competition agains Innosilicon A4, A6 miners.
L3+ is only 28nm and Inno A4 is on 14/16nm. The A4 is only 20% more efficient. The S9 (14/16nm) is 3 times more efficient than the S7 (28nm). Hence, if an L4+ appears, it could be 3 times more efficient. That being said, I dont think an L4+ will appear anytime soon as there is no real need for it. Bitmain can win on pricing by far I believe, especially since they are producing a 28nm against a competitor 14/16nm.
Just my 2 cents
Bitmain is sending a definite signal that they are clearing their inventory in preparation for release of new technology. The legacy units are now only useful to those with huge scale and minimum electricity costs. To say the l3+ will be "useless" is just plain stupid. Although it will be, to all the stunned morons that piled into mining in the last 4 months at record ASIC and Crypto highs. Time to cull the herd.
I got some...(or trying to thru a buddy) L3+'s but with coupons and my tax rate and the equip deduction my REAL risk is only $250 a unit...also paying in LISK which I have a mess of
and if the price does tank in crypto...like all alts that will tank more...so whatever ...this hedge on equip or hedge on holding alts/btc...IF price stays sideways ..whatever 'mixture'
I choose (with above coupons/equip deductions/ etc) it is likely a wash...again if price goes sideways.....IF price dumps for BTC and worse for alts...then we are all screwed and
all this won't matter anyway...whatever the above mixture of equip vs alts thing I'm doing...of course if price eventually rises and you can HODL some crypto...well hell..that's
the bet on this sideways drama of price and likely only doing oranges (equip) for oranges (weak crypto) etc
A NORMAL guy without the above ...will ONLY have coupons (maybe) and the 25% equipment deduction their risk could be as high as 75% in real money (unlike me with my tax rate)
so be aware of the difference I'm at with all this and where you may be on all this angle wise...just the way it is...also remember this 50% to tax man with state is off my
CURRENT mining income...I stop mining and this goes away...so for right now my hedge on this equip risk is pretty damn low...assuming mining of any kind hangs together...
Anyway, if crypto mining is DONE ...then I got equipment for deductions ONE STEP TOO FAR...which is pretty much how I always expected it to end.....IF price of crypto goes
sideways for say months..MAYBE I can pretend it is 2015 and just be grumpy and HODL a lot of crypto/LTC or whatever....and of course if price dumps and difficulty cranks up
even more....well all this won't matter anyway.....and I'll wrap the works up ..mining wise by July 2018 at best anyway...
anyway, as a HEDGE, with the altcoins I'm gonna use vs the rest of the risk out there..it is kinda a wash in my case...even less risk if you are in my boat and have the $450
coupons...so I expect a lot of big whales with the $450 coupons to come out and play in bitmain land (or likely boobytrap land)
Also, I expect this stuff to all sell out quick and probably we are not gonna see any ASIC's anymore ...till as some say new equip by bitmain or the summer sometime at best...
my frigging 'guess' and risk/ratio!
you roll the dice, you take the risk!
brad
Better buy LTC at $110 and wait for the summer pump at $300-$400 better bet and not so much risk