Post
Topic
Board Mining (Altcoins)
Re: AntMiner L1 for sales $5/MH/s ships in December
by
jpchrist
on 03/09/2014, 15:13:04 UTC
The current price of 1.253 BTC per L1 unit is an insane price!  Things to consider:

(1) The unit is priced in USD (not bitcoin) so if you buy you are effectively selling you bitcoin at a 3 month low (face palm)
(2) The scyptcoin market is on its last breath and even the most optimistic projects show the L1 MIGHT (if difficulty increase is less than 2%) make a small profit.  There just isnt enough upside to risk that amount of bitcoin.
(3) A 3 month preorder is insane.  3 months is this game is an eternity, especially considering how much the scrypt market has gone down. Just three months ago LTC was over $11 today its <$5.

Summary: Even assuming best case scienaro (on time shipping, low diff rise, LTC prices dont continue to fall) this unit will not be profitable.