Why do people mine with GPU's when there are much more efficient ways out there?

Dreamworx
Dreamworx

Why do people mine with GPU's when there are much more efficient ways out there?

This cost $1300 and will be making around $700 per month

Other urls found in this thread:

shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm
coingecko.com/en/price_charts/litecoin/usd
shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm?flag=specifications

massdebater
massdebater

Where the fuck and what are you mining?

RavySnake
RavySnake

this ones for litecoin. im in US

FastChef
FastChef

What website did you buy it from?

Need_TLC
Need_TLC

the manufacturers.

got two. had to wait about 4-5 months to actually get it.

Soft_member
Soft_member

implying it's not full of malware and the coins won't just magically disappear from your wallet one day

happy_sad
happy_sad

This cost me 20 litecoin from the manufacturer 4 or 5 months ago, here in the states they go on amazon for 4000-5000 dollars

5mileys
5mileys

Someone explain mining to me

takes2long
takes2long

Well, how did you contact them... a website, yea?

hairygrape
hairygrape

bitmain

Poker_Star
Poker_Star

Brand, which manufacturer, which miner is it, hashes per second, power consumption give us specs you mongoloid, and a time stamp would be p. cool too.

I never see ASIC miners for litecoin or ethereum, usually just GPU rigs. Shit looks like ASIC.

Firespawn
Firespawn

it is ASIC.
bitmain l3+
504M hash/sec ~1Kw/hr

SniperGod
SniperGod

jesus christ seriously op what is the brand or are you larping with rando pics off the internet

SniperWish
SniperWish

had to wait about 4-5 months to actually get it

this is because they use them themself until the mining difficult increased and it doesn't pay off. after that they give it to you for a hell ton of money.

RavySnake
RavySnake

shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm
Sold out

What's the point in telling us "oh man, look at my miner" when there's no way to get em' now?

TechHater
TechHater

watch the website.
they manufacture in batches. batches will be sold out for a month or so, then a new batch arrives

BinaryMan
BinaryMan

By the time Jihan sells his mining equipment it's already worthless, lmao.

Fuzzy_Logic
Fuzzy_Logic

I feel like the difficulty will rise sharply with each batch.

King_Martha
King_Martha

coingecko.com/en/price_charts/litecoin/usd
It is. litecoin was half the price when i ordered it and spent 20 litecoin.
im trying to ride the gravy train. Keep all my coins mined as LTC as watch it grow in value
right now with the two I have ill be making 20 litecoin a month

w8t4u
w8t4u

1127W (11.5TH/s batch)
what am I missing here?

likme
likme

11.5THs
I wish.
504Mhs

Methnerd
Methnerd

u dumb
u right

Skullbone
Skullbone

where are those numbers on the website?

Burnblaze
Burnblaze

I'm talking about the difficulty. If the difficulty rises every time a batch comes out, will it be worth ordering in the next batch?

Emberfire
Emberfire

but im going to keep the LTC and they will grow in value along with the difficulty.
ride the wave so-to-speak

RumChicken
RumChicken

shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm?flag=specifications
Im not going to. Im going to buy the D3 on the next batch

JunkTop
JunkTop

Bitmain is kinda shitty tho. They're the only ones creating the ASIC's cuz they have a patent on it and are capable of monopolizing litecoin mining.

Dreamworx
Dreamworx

Welp, they got to it first. Kinda nice to see someone outjewing the jews at their own game.

JunkTop
JunkTop

Is that $750/month profit after expenses like electricity?
Hmm maybe I should get into mining.
But I'm not sure I'd want to drop five grand on an ASIC that only has one specific use. Ben then again it's hard to argue with making money.