Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner - page 26.

kenji

sr. member

Activity: 448

Merit: 255

Quote from: jpl on March 09, 2018, 12:52:22 AM

A little confused as to why this miner difficulty got worse? One would think that more people mining, it would become easier. .. or better yet, a 'fixed' mining difficulty rate.

If the price keeps declining, the difficulty will adjust, boosting profitability. If the price rebounds and begins to rise, the difficulty will continue to rise and catch up, but profitability should still rise.

The only ones losing out on this are the ones selling their machines and/or selling their coins. The winners are the ones that hodl.

jpl

member

Activity: 154

Merit: 11

A little confused as to why this miner difficulty got worse? One would think that more people mining, it would become easier. .. or better yet, a 'fixed' mining difficulty rate.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: Searing on March 08, 2018, 06:58:12 PM

Quote from: Sandal_Hat on March 07, 2018, 03:42:50 PM

Quote from: .F. on March 07, 2018, 02:30:58 PM

Quote from: Early_Waffle on March 07, 2018, 01:00:14 PM

Hey. mining has become quite unprofitable for a long time. if anyone can prove otherwise to me, I'd love to have a precious experience.

To all people starting out - please know this is FUD and not true. I'm mining and make lots of money doing it. Just don't listen to this and do your thing

Pls check your mining calculator. The numbers are not good now.

To BUY new ASIC equipment, I agree. To run my equipment that has ROI ‘d Golden.

But yeah, in my case, if looking to buy equipment with miner gains it makes no sense, IF
your equipment only ROI’s with coin price pump. So if you have equipment it is better
to HODL and wait to buy equipment. IMHO.

I dont think it makes sense to buy new equipment unless it is something like the antminer A3, a niche that did ROI. But if u are unlucky, it can end up like the D3, which will never ROI. I believe it is best not to buy too much of one type of equipment. As for btc, it is just too popular and new equipment may possibly not ROI also. It depends of course.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Sandal_Hat on March 07, 2018, 03:42:50 PM

Quote from: .F. on March 07, 2018, 02:30:58 PM

Quote from: Early_Waffle on March 07, 2018, 01:00:14 PM

Hey. mining has become quite unprofitable for a long time. if anyone can prove otherwise to me, I'd love to have a precious experience.

To all people starting out - please know this is FUD and not true. I'm mining and make lots of money doing it. Just don't listen to this and do your thing

Pls check your mining calculator. The numbers are not good now.

To BUY new ASIC equipment, I agree. To run my equipment that has ROI ‘d Golden.

But yeah, in my case, if looking to buy equipment with miner gains it makes no sense, IF
your equipment only ROI’s with coin price pump. So if you have equipment it is better
to HODL and wait to buy equipment. IMHO.

toptek

legendary

Activity: 1274

Merit: 1000

Quote from: dnp on March 08, 2018, 06:23:00 AM

has anyone got https: working for accessing and configuring the L3+ ?

i have to traverse an insecure network (a network i dont have control over) and would prefer
not to have my L3 logon credentials in plain view of the network.

try SSH .. other wise no i haven't but you can log though a secure proxy or vpn ,.... or hide the IP other ways.. with your router .

toptek

legendary

Activity: 1274

Merit: 1000

Quote from: hawkfish007 on March 08, 2018, 01:05:03 AM

Has anyone received Batch 2 or Batch 3 L3+s yet?

waiting for Batch 3 i ordered mine form https://www.eastshore.xyz/ as a panic buy wish i hadn't now.

why I ordered there:because my bitmain account is locked due to some bad info i put in wrong an it's a pain to get fixed plus I thought by the time i did get it fixed i might miss buying one from bitmain ...I have bought form https://www.eastshore.xyz/ before and got the miners as they said and when they said I'm trying to get them to refund back some of the BTC i paid because of the price drop on bitmain site and the waiting ....

an it looks like I'm being Ignored on the partial refund request .

dnp

full member

Activity: 401

Merit: 110

has anyone got https: working for accessing and configuring the L3+ ?

i have to traverse an insecure network (a network i dont have control over) and would prefer
not to have my L3 logon credentials in plain view of the network.

Micky25

legendary

Activity: 974

Merit: 1000

Quote from: Searing on March 07, 2018, 01:46:15 PM

2015 got SIX KNC Liquidation 5 cube (new) 400mh units for $1,900.00 and (1) KNC 4 cube (new) 300mh unit for $1,800 on Ebay Corp Dump. Total of 7 new units.

after all these years I still envy you for those Wink

I followed the development with KNC closly but completely missed out on that.

hawkfish007

hero member

Activity: 895

Merit: 504

Has anyone received Batch 2 or Batch 3 L3+s yet?

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: .F. on March 07, 2018, 02:30:58 PM

Quote from: Early_Waffle on March 07, 2018, 01:00:14 PM

Hey. mining has become quite unprofitable for a long time. if anyone can prove otherwise to me, I'd love to have a precious experience.

To all people starting out - please know this is FUD and not true. I'm mining and make lots of money doing it. Just don't listen to this and do your thing

Pls check your mining calculator. The numbers are not good now.

madmartyk

legendary

Activity: 2702

Merit: 1030

Yes I am a pirate, 300 years too late!

Quote from: .F. on March 07, 2018, 02:30:58 PM

Quote from: Early_Waffle on March 07, 2018, 01:00:14 PM

Hey. mining has become quite unprofitable for a long time. if anyone can prove otherwise to me, I'd love to have a precious experience.

To all people starting out - please know this is FUD and not true. I'm mining and make lots of money doing it. Just don't listen to this and do your thing

What do you consider lots?

.F.

jr. member

Activity: 56

Merit: 2

Quote from: Early_Waffle on March 07, 2018, 01:00:14 PM

Hey. mining has become quite unprofitable for a long time. if anyone can prove otherwise to me, I'd love to have a precious experience.

To all people starting out - please know this is FUD and not true. I'm mining and make lots of money doing it. Just don't listen to this and do your thing

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Early_Waffle on March 07, 2018, 01:00:14 PM

Hey. mining has become quite unprofitable for a long time. if anyone can prove otherwise to me, I'd love to have a precious experience.

2013 KNC 550gh Jupiter Miner BTC miner. (ROI'd in 3 weeks)

2014-1st half of 2015...nothing available of any note as NEW equipment...bought only used till July 2015...(see below)

2015 got SIX KNC Liquidation 5 cube (new) 400mh units for $1,900.00 and (1) KNC 4 cube (new) 300mh unit for $1,800 on Ebay Corp Dump. Total of 7 new units.

Starting, April 1st, 2016 got ( Cool

Bitmain units, four L3's at 250mh and four L3+ units at 500mh by July...during the $4.15 to $50 pump. Got (4) more L3+'s last arrived in Sept.

All units EXCEPT the 2013 Jupiter are still earning PROFITS and All my units, EVER, have ROI'd.

I have not found ANYTHING since (September 2016) worth swapping crypto for ASIC equipment..so you may have a point.

So yeah, it is rare, 2016 was the exception for scrypt-pow machines...I have KNC Titans that have been running 24/7 since Nov 8th 2014...still profitable...

...and I may have another couple years, after this, only chasing down USED ASIC equipment...but as you see above...mining can make you $$$ if lucky!

brad

Early_Waffle

full member

Activity: 294

Merit: 100

Hey. mining has become quite unprofitable for a long time. if anyone can prove otherwise to me, I'd love to have a precious experience.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: suchmoon on March 07, 2018, 12:11:27 PM

Quote from: Searing on March 06, 2018, 11:53:24 PM

Quote from: dagarair on March 06, 2018, 08:26:41 PM

hmm in the usa you can instantly depreciate your hardware using section 178 in 2017 and now with trumps new tax plan the cap is removed..... Just saying

I’m doing so. But I’m told by cpa it is 25% in real $$$ back on equipment, on taxes
You would pay anyway. If you don’t make enough for that, it is a loss. This means I’m
basically a Farmer, equipment wise.

Problem is I need to overkill month to month at beginning of the year, in that my
Legacy miners may be doorstop mode by June. Also price dump at end of year could
Make hard for me to catch-up.

Also, if I do have a lot of extra $$$ by being to cautious, as a self employed business
I can fund a solo401k at $24k plus. Then once funded, flip back into crypto. With this
$24k acting like Equipment and all available to deduct from gross income.

But the solo 401k can only be funded from self-employment setup. Again how long
Can I mine. So playing it tight first 1/2 of year mining or equipment.

Pm me details if questions. I may not be using proper terms. (Thus CPA)

I never got into doing taxes this way mainly due to me hodling and long term cap gains tax being so ridiculously low (0% or 15% depending on your bracket). And the equipment is often resold at a substantial price or even at a profit, which makes depreciation less useful since I still have to pay taxes on the sale.

$24k... shows your age

us youngsters can only do 18k.

yeah....the solo 401k is a nice trick...you can do more than 24K if you make a lot more $$...so less risk of me getting equipment..in that the self-employed solo 401k

ACTS like equipment and comes of gross income (mining) and once converted to $$$ to get into the solo401k you can convert back to crypto and play with it, within

the solo401k sandbox...hell...that is a NO BRAINER ...not as much dubious ASIC miner purchase risk (not that I can find any hardware that makes sense now over just

Hodl'ing coin). Also...with the amount of FUD being pumped out today and the price in the $9.5k range....more roller coaster too boot ..it seems....crypto always drama...

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: Searing on March 06, 2018, 11:53:24 PM

Quote from: dagarair on March 06, 2018, 08:26:41 PM

hmm in the usa you can instantly depreciate your hardware using section 178 in 2017 and now with trumps new tax plan the cap is removed..... Just saying

I’m doing so. But I’m told by cpa it is 25% in real $$$ back on equipment, on taxes
You would pay anyway. If you don’t make enough for that, it is a loss. This means I’m
basically a Farmer, equipment wise.

Problem is I need to overkill month to month at beginning of the year, in that my
Legacy miners may be doorstop mode by June. Also price dump at end of year could
Make hard for me to catch-up.

Also, if I do have a lot of extra $$$ by being to cautious, as a self employed business
I can fund a solo401k at $24k plus. Then once funded, flip back into crypto. With this
$24k acting like Equipment and all available to deduct from gross income.

But the solo 401k can only be funded from self-employment setup. Again how long
Can I mine. So playing it tight first 1/2 of year mining or equipment.

Pm me details if questions. I may not be using proper terms. (Thus CPA)

I never got into doing taxes this way mainly due to me hodling and long term cap gains tax being so ridiculously low (0% or 15% depending on your bracket). And the equipment is often resold at a substantial price or even at a profit, which makes depreciation less useful since I still have to pay taxes on the sale.

$24k... shows your age

us youngsters can only do 18k.

isukabtc

newbie

Activity: 78

Merit: 0

Hi guys,
I just order L3+ in March batch. Mine is March Batch 3, they said will be shipped after Batch 2 and guarantee shipped before 10 April. I know it might be shipped 9 April, but anyone have experience with "Monthly batch" like this ? When usually it will be shipped ?

Thank you..

tomothy

sr. member

Activity: 258

Merit: 250

I think l3+s stay around $8/10/day in profit, just the difference is how much ltc you get. Bitmain has done an amazing job pegging returns to USD in all of their ASICs besides the D3. (If you bought a D3 I feel bad for you. You got hosed, no if and or buts about it). So I think any purchases you will break even USD wise. The issue is whether your returns can break even in crypto spent. It gets really complicated mining stateside however since coins are immediately valued as USD income. All I'm getting to is I think you can continue to buy hardware unless next gen release in 2018. I have a feeling we may get nextgen in 2018 but I'd love for the can to be kicked until 2019. Seeing the new coupons, Bitmain either has LOTS of new units they need to sell or has next gen coming out soon. Ultimately it still means they have units to sell that aren't getting bought. This means maybe prices will continue to drop a bit more. Also, this new Asicboost stuff may change things. Feels too early. Has anyone received stuff bought from HalongMining? I saw those Blake miners for decred at $10k... that seems more risky then s9s or l3+s right now imho...

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: dagarair on March 06, 2018, 08:26:41 PM

hmm in the usa you can instantly depreciate your hardware using section 178 in 2017 and now with trumps new tax plan the cap is removed..... Just saying

I’m doing so. But I’m told by cpa it is 25% in real $$$ back on equipment, on taxes
You would pay anyway. If you don’t make enough for that, it is a loss. This means I’m
basically a Farmer, equipment wise.

Problem is I need to overkill month to month at beginning of the year, in that my
Legacy miners may be doorstop mode by June. Also price dump at end of year could
Make hard for me to catch-up.

Also, if I do have a lot of extra $$$ by being to cautious, as a self employed business
I can fund a solo401k at $24k plus. Then once funded, flip back into crypto. With this
$24k acting like Equipment and all available to deduct from gross income.

But the solo 401k can only be funded from self-employment setup. Again how long
Can I mine. So playing it tight first 1/2 of year mining or equipment.

Pm me details if questions. I may not be using proper terms. (Thus CPA)

dagarair

sr. member

Activity: 847

Merit: 383

hmm in the usa you can instantly depreciate your hardware using section 178 in 2017 and now with trumps new tax plan the cap is removed..... Just saying

Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner - page 26. (Read 284891 times)