Makes perfect sense to me, we shut down 10 L3+'s about a week ago
I've still got 30 A4+ in the box, never made it to power up, and another 25 D3's got stuck with
And i'm not a person that can afford a low 6 figure mistake, credit eating me alive
* that's my whine story can someone call me a whambulance ........
I've still got 30 A4+ in the box, never made it to power up, and another 25 D3's got stuck with
And i'm not a person that can afford a low 6 figure mistake, credit eating me alive
* that's my whine story can someone call me a whambulance ........
yeah, back to my (hopefully wrong) theme on the Bitmain L3+ units
currently, I am at NEGATIVE -$0.21 USD per day! and
NEGATIVE -$6.29 USD a month, with my data hall electric and rent.
24 hours 0.02316153 LTC 2.48 USD 2.69 USD -0.21 USD
7 days 0.16213072 LTC 17.35 USD 18.82 USD -1.47 USD
30 days 0.69484592 LTC 74.35 USD 80.64 USD -6.29 USD
So, in order for me to say break even NOW at 0.00 USD a month after electric.
Swapping electric for LTC direct on www.litecoinpool.org/calc I would need:
a price of LTC at the current difficulty of: $116.05 per LTC!
24 hours 0.02316153 LTC 2.69 USD 2.69 USD -0.00 USD
7 days 0.16213072 LTC 18.82 USD 18.82 USD -0.00 USD
30 days 0.69484592 LTC 80.64 USD 80.64 USD -0.00 USD
That is not looking too dang likely
IF I wanted to get say $1 a day at current difficulty, OVER electric costs,
which in the past was pretty modest for a Bitmain L3+ scrypt-pow miner,
I would need below $159.05 to make $29.88 per Bitmain L3+ per month, after electric...
24 hours 0.02316153 LTC 3.68 USD 2.69 USD 1.00 USD
7 days 0.16213072 LTC 25.79 USD 18.82 USD 6.97 USD
30 days 0.69484592 LTC 110.52 USD 80.64 USD 29.88 USD
Again, I just hope I'm wrong, but I don't think I can see things flipping in our favor this
fast, even if there is NO supposed new Bitmain product at the 1.5gh and 800-watt unit...
the above calcs, don't even work with existing Bitmain L3+'s in the world (85% of all pow scrypt miners still
up, IMHO) ...so unless brighter minds than me, can 'beat me up' on this (please, I wish to be dead wrong)
it all still looks like most if not all my (and perhaps most) Bitmain L3+'s will be shut down by July 4th, 2018.
Searing
and if you continuously mine lite coin at current mining speed but not sell then now and wait for the bullish move starts
then you could get good profit from it
my best guess if you want real profit then you should hold your earning from miners atleast one year
maybe in Dec 2018 litecoin price will rise higher
no...price is some of this...but mostly it is difficulty outpacing price...thus you can never catch up....that is normal all miners
die and pan out
as far as I can tell this MAY be the first time that the current most recent generation of miners the L3+ or about (imho) 85%
of pow-scrypt miners in the world ALL are shut off due to price. Now as I say this, the ONLY one if these prices that continue
could mine pow-scrypt would be bitmain..not because of electric rates....which I assume are matched by some if not most...the
key here is bitmain probably only pays 20c on the $1 for its previous equipment and the electric...thus IF THEY HAVE NEW
equipment coming ...well they own pow-scrypt for the summer at least (till they release pre-orders in the fall after their data
halls are filled) but again in this case....the last generation of miners are killed off by the price of a coin BEFORE even the
3-4 month supposed new equipment hits the world? I mean really? Not gonna have a lot of faith in such a coin...remember
you will need near $200 LTC to overcome difficulty IMHO, to fight the glut of machines and/or the threat of them falling off
the pow-srypt wagon with difficulty...vs price....if it does get that bad and only Bitmain can mine pow scrypt for the summer
or longer...i just don't see a lot of faith in any pow-scrypt coins and LTC if it is just gonna be like BCH and bitmain is making bank
again, price rises usually are due to belief in a coin's future...but at 85% of the equip made in pow-scrypt it is all linked to
the bitmain monopoly....with the difficulty rise intertwined with the price dump of pow-scrypt coin prices and LTC ..again looks
dim in my view. (better minds than mine...chime in here) but how I see it so far...