Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner
STOP BUYING L3+ units, is not proffitable anymore.
You pay more for electricity than what you mine.
It depends on your electric cost - for ME, an L3+ would still be profitable, but for most folks you're correct that it is not profitable any longer.
To be fair, it really depends wat happens going forward even for low cost people. Price of LTC falls like a brick and difficulty, as usual, always rises. Those who unplug L3+ will plug it back in as price rise. It has become a D3.
Even at 6 cents, that will only make 38 USD now. An L3+ with PSU sets u back 726 USD, at full price with delivery and 10% VAT yet. That means 19 months to break even lol. I am using cryptocompare calculator. With coupons, it will be abit faster though.
I find it madness. This is wat an oversupplied sector looks like, when there is too much interest and oversupply occurs. BTC mining still looks ok but heck, if it can happen to the L3+, it can possibly occur to the S9.
my thing now is LTC difficulty I mean a 9% gain in difficulty the last few pops (sure 2 are flat..but still) I have a hard time thinking that it should be more...but that it is currently
being prop'd up by Bitmain having new units hitting their data hall...
So it generally sucks big time...my 8,000mh is currently OFF for the next 2 weeks at least...was just heating up the whole data hall and losing about $234 a month after an electric loss
we will see
fun times (not)
currently, LISK (pos coin) is the only thing accumulating for me month to month (0.9% a month about) thus I sit on my LTC hoard and wait for Aug 8th as a cutoff on when/if to dump
(retired on crypto 3 years early...got to eat) to get to 25% cap gains with state taxes.....fun times indeed
unless prohashing is doing great things with their algo ..I got no angle on this but stop digging the hole bigger than I'm in
but this is bad guys, the BEST (if only) in mass miner that you can get from Bitmain, the L3+, is mining for me at a 50c loss per day for me
24 hours 0.02307999 LTC 2.19 USD 2.69 USD -0.50 USD
7 days 0.16155993 LTC 15.35 USD 18.82 USD -3.47 USD
30 days 0.69239971 LTC 65.78 USD 80.64 USD -14.86 USD
of for my full 8,000mh it is at NEG -$7.93 per day! or NEG -$237.79 a month
24 hours 0.36927984 LTC 35.08 USD 43.01 USD -7.93 USD
7 days 2.58495891 LTC 245.57 USD 301.06 USD -55.48 USD
30 days 11.07839531 LTC 1052.45 USD 1290.24 USD -237.79 USD
Again, worse case, Bitmain has NEW equip going into data halls (thus not the dump in difficulty yet) and they mine for the summer kicking up difficulty 30% or more
making it impossible for any previous scrypt-pow miner, L3+ or another brand to work at that difficulty...and the field of equip is wiped from the earth with Bitmain (controlling 90% of
pow-scrypt at that point) announces....they are willing to take a 4 month pre-order for a unit delivered in late fall....not gonna play....it will kill all scrypt-pow coins if such happens,
intentional or not..(i think these new miners were in the works and the price even has surprised bitmain ...but they will mine them anyway, it is what they do..evil never rests)
well as they say in wargames...the only winning move is NOT TO PLAY!
