Quote from: BenRickert on June 15, 2018, 07:42:14 PM

Quote from: Sandal_Hat on June 14, 2018, 07:54:54 PM

Quote from: QuintLeo on June 14, 2018, 07:24:25 PM

Quote from: lestherat on June 13, 2018, 09:50:33 AM

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.

Completely agree. I am 100% positive the S9 is next. Even right now at .10kwh it is down to $1.30 per day. Nasty.

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!