Topic: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner - page 9. (Read 284891 times)

You can overclock your L3+ from 500 to 600 easily since day 1 .... so L3++ it was a joke ,,, it was the same miner .... wake up people BITMAIN is messing with you.

I resemble this remark...right now I'm collecting whatever LTC 'dust' I can before likely shutting off the L3+'s in the coming weeks

https://bitcoinwisdom.com/litecoin/difficulty has litecoin difficulty rising on next hop above 4% and rising with 2.8 days to go...which leads

me to believe that ONLY Bitmain can affect the difficulty at this rate...thus they are likely filling up more data halls with the 'supposed' 1.5gh units

...

Not looking good indeed...

my current on an L3+ after electric and data hall fees is Negative 6c a day....(this is in data hall w/elec and rent on monthly at $113 LTC)

thus, we are screwed indeed it seems

again, always use the 'cardboard' box the L3+'s came in...make them much more 'slick' to use as doorstops....less friction moving them about....

(gonna have to add more doors.....a lot of more doors....) ack!

And then the L3++ 580 mg/s....what shcamools that is....I can turn up the frequency on my L3+'s too, but Bitmain seems to think that miner should be worth 80 bucks more...lmao

BITMAIN are you here ? is it true ? L3+ became a doorstop ? hahahah

Income: $2.52/ day
El cost:  $1.91/day at $0.10/ KWh
Profit :   $0.61/day

If you pay administrations fees in the farm as 99% of the farms ask then there is no profit you pay from your pocket.
If you are in Europe you already disconnected and you use the L3+ as doorstop

What a nice investment ...... watch out you will not have space in your house to put so much money $$$$$$$$$$$$$$$$$$$$$$$$$$


Congrats BITAMAIN

well....was at 5c daily on LTC on the L3+ now at -3c daily....that switched quick....

imho, it is all over folks.....Bitmain has no reason to lower prices on the various flavors of ASIC's they sell...if they are also mining with data halls with them....I just got to believe with all the damn ASIC's of many flavors

besides LTC that bitmain had hit the world with..what is it since last Oct ...like 4 or 5 ..that they DON'T have a 1.5gh or some such better pow scrypt miners ..I find pretty dang unlikely....

Also if EVERYONE getting bumped now is paying more electric because they currently have the latest bitmain equipment (the L3+_ well someone who says uses 1/2 the electric I do..is

what gonna make 40c to my -3c a day....hardly earth shatteriing....no ....if these are the supposed 'top end' consumer pow scrypt miners that we have (most or all of us) ..and they are underwater

well the whole works is completely gonna be centralized by bitmain even if bitmain is not fond of the idea either

1) if bitmain has the supposed 1.5gh machines....at these rates and their investment...they pretty much have to mine them in their data halls or be stuck with the rest of us in L3+ limbo

2) if bitmain does this..they will fill their data halls first and pre-order for the fall ..with likely late sept early oct for this...I can't see them getting alot of traction on this if EVERYONE has to

start over with a new miner in the fall...because all other asic pow-scrypt will be bricks by then...but hey...it is what they will do to clear stock and take away from their losses on data hall

and development of this product ..the 1.5 gh unit..supposedly...no choice

3) they will be the main centralization of pow scrypt if most of the above is true..if they really want it or not...the combo of them driving difficulty up to far with toaster sales and too much..with

the also unexpected dump in crypto prices catching them flat footed...the above will be the scramble...just to cover the design and factory costs of these new units....because at these prices I

can't see a lot of even newbies buying them for a 4-5 month fall pre-order

4) thus no real amount of folk getting these to replace current obsolete L3+ stock (see above) and the complete centralization by bitmain (if they wanted it or not) will make pow-scrypt more

then a bit 'unattractive' if the main outcome seems to be just making bitmain money at both ends....of this gimmick

5) pos coins and masternodes are gonna be a 'hell' of a lot more attractive as a result...reflecting in a lot of pow scrypt prices tanking IMHO

we will see, but if even a mixture of the above ..the whole pow-scrypt universe got a lot more confusing on price/purpose/etc with the bitmain elephant sitting in the living room sucking up all the snacks

again, better minds then me, chime in, would love and I mean love to be dead wrong on all this

but monopolies and centralization of power, always seems to destroy the 'ecosystem' they are trying to tame...thus boom.....she goes bust....too much too fast too greedy too fast to much power grab

to fast....and as i say above...the consumer backlash of why are we buying asic pow scrypt miners from bitmain ...if they now have completely gone off the deep end and hold all the cards

again, better minds then mine..chime in shoot me down...please!

brad

lol. That means it is already a D3.

After this I hope no one thinks of wanting more "healthy competition" in an oversupplied market. Thats just dumb. See wat happens. It just leads to lower profits for all. I mentioned this a number of times before. Sigh, I didnt want to be right...

Now, the only way this will work is if the L3+ gets to higher prices, the L4+ does not appear and litecoin needs to rise up to say 180-200 to soak up all that current difficulty. Then, mining will be decent again. The problem is I do not know how much bitmain needs to sell or wants to sell. And just buying litecoin would be far better if the price goes up as such. Hmm and also litecoin halving coming in a year plus.

I should consider this..but at $1,290 usd a month on the miners...in electric..I'll likely just shut them off..I pre-paid in Dec till

June 1st 2018 (at least that hedge worked) with high priced BTC....but hell, I see Bitmain dumping a new product the supposed

1.5gh unit and mining it all summer with pre-orders in the fall..again, if such is true..that means ALL SCRYPT POW MINERS in

existence NOW would not mine by Fall 2018..a complete clean sweep of equipment with only Bitmain around with equip to

those (brave,silly,clueless newbies) who pre-ordered over the summer...as (again, if this is the case) bitmain has slam'd the

difficulty up over the summer on their own data halls to make this a fact..just to round the evil out nicely....(salt in the wound)

so my big miner days of any ASIC  flavor are likely gone..a couple 'somethings' in the basement maybe...but looks to me to be the home

miner of LTC the way the home miner of BTC was creamed in 2014....more centralization at a more rapid pace it seems



But living the dream...was Negative -9c a day on an L3+ the other day..now I'm making 5c a day on an L3+ FML!

we meed over 165 buck LTC to make over $1 a day...and that is a 2 year ROI on an L3+ or more with difficulty rises (supposedly) if

purchased today...

I see no way out but Bimain owning pow-scrypt over the summer and beyond... IF these prices continue and the supposed

1.5gh scrypt-pow miner exists....

unless you think they WON'T mine it for the summer and hold off pre-orders in the fall, but allow us to get them ASAP and not a pre-order...I just

don't see that as likely (snicker)

we will be the first to know I guess

brad




Actually have a buddy who under-clocks them and the D3 is making MORE than an L3+ now ..at least in a data hall (rates)...

who'da thunk it?

I was thinking about to buy or not, and, thnak you guys! I'm agree with you! You are right! If I bought any bitmain miner it would be just a loosing money! Thanks for right idea! 5+ to you.

If this keeps up, the L3+ is gonna be the new D3.
It is already getting there.

Not sure what you are bitching about, I am validating your theory that Bitmain has new miners out and  from my previous post...yep with the last

difficulty jump ...with no other explanation I can see......seems they are hitting the world, again IMHO...coincidence their coupons expire June 1st?

As to the broken record part: can scrypt-pow survive over the summer, without hugely dropping in price of the various coins, IF the only folk that can

mine scrypt-pow at a profit vs difficulty is Bitmain?  (till if you wish pre-order arrivals of such in the late fall) So if,  they are (thru the summer) the only ones of any

note mining scrypt-pow? Monopolies, eventually destroy their own ecosystem, I guess we will see if it is true.


p.s. for those that don't mine scrypt-pow LTC the current return for me now a day is 19c for an L3+ (unmodified) after electric...Interesting Times....

I guess we will be the first to know how this all shakes out

Brad



They already have said (Bitmain) that they are going to go into A.I. ASIC equipment (I guess we are seeing their end game here)

https://www.bloomberg.com/news/features/2018-05-17/china-s-crypto-chips-king-sets-his-sights-on-ai





 

Hmmm people wont buy so many if it wasnt cheap. The miners wont be so cheap if new competition didnt appear. If the miners are sold at a higher price, lesser units will be sold and difficulty wont be this high. More new competitors = more capacity too.

Overcapacity should have no winner. Not halong who came in and probably didnt make profit. Not bitmain who sells miners cheaper and thus, makes less and not miners who face higher difficulty.

I dont think the profit is that great in mining either because https://www.coindesk.com/bitcoin-miner-maker-canaan-files-for-hong-kong-ipo/  Canaan who is planning for IPO makes 56million profit in 2017 and 2017 was a record year for mining mind u. Revenue is 203.8m for 2017. And this 56m is 6 times profit of their previous year, meaning profit for 2016 is 8 million.


Just my 2 cents.

U cannot assume that there is an L4+ when there isnt hard evidence yet. Yes, it is possible it exists, but no 100%. The mining increases coincided with L3+ being cheap.
I warned many pages back that competition WILL go through the roof with cheap miners. Thus, we shouldnt be happy about it.
At 6 cents electricity, the L3+ still makes 41 USD. At 12 cents, it only makes 6 USD though....A D3 issue may occur here.

The S9 turn cheap just as the halong T1 appeared to be real. Bitmain made a parody webbie on Halong even before hand. They are not blind to competition I would think. Halongs webpage once said they spent over 30m to bring it to market. If it cost 0.5k to make and is sold at 1.5k price, they still need to sell 30,000 just to break even. If cost is 1k and price is 1.5k, they need to sell 60k units. I remember myrig wrote something about 1180 units in this batch or something. That and halongs post about "unfair competition makes me think they havent sold enough. It is around this time that the L3 turn cheap as well, not just the S9. Suddenly tons of coupons appeared and everything is cheap. My gut tells me bitmain is trying to knock inno off.

Just my 2 cents

They keep building because people keep buying.  My opinion (and they are like butt holes, we all have one) is that Bitmain is going to go after the ASIC resistant markets.  They have proved they can make miners.  Take a profitable also, build a miner, piss off all the GPU people, profit.  Rinse and repeat.

No....no it is not. This is very hard for you to understand isn't it? You're like a broken record. You seriously should find another hobby. This one seems to be adding much confusion to your world.

It does matter actually. New entrants add to more overcapacity and greater competition. I suspect rhat bitmain keeps building because they already placed orders for such capacity before hand and they flood the market to make sure they continue to be the biggest manufacturer. The biggest manufacturer has a significant cost advantage over the smaller competitors. It is not uncommon for the market leader to change pricing and tactics to slaughter a new competitor that enters their market. I dont think halong broke even on their new T1 yet and may possibly never do so. They should fire their market analyst for suggesting entering the market at this time. The new dragonmint isnt even available on halong site, only inno site. Maybe they are having financial issues. I am not sure if they have such issues but coming in with a new product in an overcapacity market against a competitor with stronger pricing is a horrible idea lol.

Just my 2 cents

one company or 10 companies building asics does not matter.

Simple fact is the builders can just keep building and selling their gear and simply glut the market.

This is happening as I type.  This drives price of coins down.
Think of mining as bank interest 50 cents a day profit on a 500 dollar cd is good.

It is possible that there is no L4+ and it is just due to cheap price of L3.

This is why more "competition" which leads to lower priced miners is never a good thing. This reminds me of the D3 where cheap miners killed ROI. I suspect the S9 can possibly get cheaper if competition intensifies. I hope it does not though....

With the price of LTC at just over $100 and difficulty increasing its going to be hard for Bitmain
to sell a new Scrypt miner at any price over $1000. It will be interesting to see what happens
and if LTC can be pumped upwards in the next few weeks before any new hardware release.

Yeah he may have.

 I am running 4.51gh at it now.

It would help me  to hit one.

Hey Searing, have you tried the litecoin lottery at TBDice?  Scoring a block would improve your ROI