From $3 in 2017 to $300 in 2018, Litecoin has gone beyond expectations to become the latest cryptocurrency to indulge enthusiasts into the digital currency craze. Having shown great potential, buyers have flocked the cryptocurrency markets to try and get litecoins as fast as they can.
With countries like China spelling war on the bitcoins, many enthusiasts will look for alternative cryptocurrency that looks promising and litecoin seems to be the best choice next to etherium.
Apart from buying of the litecoins, mining is another alternative way to get the litecoin. Mining of the cryptocurrencies has been around for a while with hobbyists finding it better to mine than to purchase the altcoins.
The increased computational network power required to solve the blocks has led to the demand for specialized hardware that could provide better hash rate and efficiency where electricity costs are a concern.
Companies like Bitmain have set out to fill this market space with the unveiling of the new cutting-edge mining hardware. The Antminer L3+ is one such hardware and with great performance has risen to become the best litecoin mining hardware to date. Let’s break it down a bit:
The Antminer L3+ contains 288 BM1485 chips. The BM1485 chips are specifically designed to mine Scrypt coins and were the first of the litecoin ASIC (Application Specific Integrated Circuit) chip in 2 years
Additionally, the L3+ utilizes the Texas Instrument’s Microprocessor on its control board. The AM335x 1GHz Arm Cortex-A8 microprocessors are quite fast and its support of the Gigabit ethernet allows for a fast transmission of the mined blocks.
Provided the litecoin price remains constant, then the miner would probably get their money back in a little over a year. However, with the increasing value of the litecoin, the miner looks to make a considerable amount of profits annually. The exact amount could be calculated using an online profitability calculator that would make use of variables such as initial cost and electricity cost to calculate the profitability.
L3+ Consumption of Power
The Antminer L3+ unit consumes about 800W of power for 504Mh/s hash rate.
For power supply to the unit, it is recommended to use:
1.AntMiner Power Supply (APW5 Quiet [email protected] [email protected] w/ 14 Connectors)
2.EVGA Supernova 1050 GS both of which are found on Amazon
With the recent trend of the Bitmain hardware, the Antminer L3+ also comes with two computer-controlled fans. It also has a casing made of a high-grade aluminum. Each cheap of the L3 has custom-made heat sinks that are also made of the high-grade aluminum. All these enhancements are meant to maintain the unit at a cool temperature while maintaining its hash rate.
The L3+ unit has an efficiency of 1.6J/MH +10% which is not bad.
The Antminer L3+ borrows from other Bitmain hardware in terms of setting up. It prompts the user to input their password and their wallet address before mining. It is quite easy to setup with numerous guide on the internet in case the miner get stuck at a point.
Ease of Use
Bitmain has invested in user experience by designing their software to be easy to use even for the first-timers. The L3+ follows the same path with its ease of use design.
Price of the Antminer L3+
The L3+ goes for $5000 o amazon but could definitely go for less in other stores.
Hash Rate: 504MH/s. A variation of +/- 5% is expected.
•Power Consumption:800W +10% (at the wall, with Bitmain’s APW3 PSU, 93% efficiency, 25°C ambient temperature)
•Power Efficiency: 1.6J/MH +10% (at the wall, with Bitmain’s APW3 PSU, 93% efficiency, 25°C ambient temperature)
•DC Voltage Input:11.60 ~ 13.00V
•Chip Type: BM1485 ASIC chip
•Chip quantity per unit: 288 chips on four hashing boards, 72 chips on one hashing board
•Dimensions: 352mm (l) x 130mm (w) x 187.5mm (h)
•Operating temperature: 0°C – 40°C
•Network connection: Ethernet