The Bitmain Antminer L3+ and Antminer L3++ are Dogecoin and Litecoin merge miners (it can mine both coins at the same time). They mine the Scrypt algorithm, with a maximum hashrate of 596 Mh/s and a power consumption of 1050 W.
In this article, we’ll take a closer look at the profitability of the different models of the Antminer L3 series, including the Antminer L3+ (504Mh), Antminer L3+ (600Mh), Antminer L3++ (596Mh), and Antminer L3++ (580Mh).
Table of Contents
About Antminer L3+
Antminer L3+ is a custom-made mining device for Litecoin, and it uses the same hardware components for mining coins based on the Scrypt algorithm. The Antminer L3+ is an upgraded model of the L3, and in terms of performance and competition, the Antminer L3+ is better.
Specifications
Antminer L3+ contains BM1485, one of the first Litecoin ASIC chips giving it a faster hashing power. The miner comes with 288 of such ASIC chips, making it more efficient than other Litecoin miners in the market. The Antminer L3+ has similarities with Antminer S9, and both have the same side. Due to the compact design and efficient cooling system, the miner can be used anywhere – in mining farms and residential areas.
The Antminer L3+ is equipped with the AM335x 1GHz ARM Cortex-A8 microprocessor, a control board that ensures your mining blocks are submitted immediately. The device has a high-grade aluminum shell, which protects the device from dust and heat, with two fans at the front and rear for cooling. Antminer L3+ uses a combination of convection and conduction to enhance the cooling capacity. This cooling method helps keep mining operations stable. Even at maximum capacity, the L3+ emits no more heat than the latest terahash miners, which is an added advantage.
The L3+ has high-quality aluminum heat sinks installed on every chip, and this feature brings up the heat-absorbing capacity. The two fans at the end of the tubes are positioned so that hot air is immediately dispersed by bringing in cooler air at fast rates. The heat absorption process shows the L3+ was designed for maximum power while keeping the environment cool.
Antminer L3+ has an easy-to-use User Interface (UI). From the miner status to chip info, speed and temperature, the UI is easy to handle. One needs to enter a wallet address, configure the mining pool for the device to start mining. There is also an option for firmware updates in the future.
Hash Rate
One of the criteria for getting a miner is the hash rate. The Antminer L3+ has a maximum hash rate of 504Mh/s. It’s almost twice the speed of its previous model, Antminer L3, which was 255H/s.
Power Consumption
The electricity consumed mostly depends on the power supply unit you are using, the operating temperature, and the meter measuring power input accuracy. Power consumption is an essential factor that determines the profitability of miners. You have to calculate the cost according to the electricity rates of the country or area. Antminer L3+ consumes around 800W of power, which is two times the power consumption of its predecessor.
Noise Level
If you are mining in a residential area, it is best to place the Antminer L3+ in a spacious, well-ventilated room. The L3+ generates between 70 to 80db of noise while mining. This noise level is between a vacuum cleaner and a food blender’s noise level.
Size
Size is an essential factor as bigger and bulkier devices take up too much space and aren’t easy to move. In mining farms, when increasing the number of rigs, the size of a miner is essential. Smaller devices make it easy to stack and connect. Antminer L3+ has dimensions of 35cm x 13cm x 19cm, making it compact and more comfortable to handle.
Overclocking
Though there is an option to overclock the performance of L3+ chips, overclocking nulls the manufacturer’s warranty, whether one wants to overclock or underclock, whatever one decides to do with the clock speeds Interface (UI) helps one in monitoring everything. To operate at maximum capacity, the miner needs an appropriate power supply unit. Unfortunately, Antminer L3+ doesn’t come with a plug-in power supply. One needs to purchase the PSU separately to run correctly.
Profitability
The profitability of a miner depends on the electricity rates and market conditions in the area. Antminer L3+ and Antminer L3++ will make a profit when the market favors the algorithm and top coin.
Antminer L3+ (504Mh) Profitability
According to today's market estimates (Apr 27, 2024), the current price of Litecoin is: $84.75, the Bitmain Antminer L3+ (504Mh) can mine 0.00177394 LTC per 24 hours, which is a profit of $-1.00 per 24 hours if the electricity cost is 6 cents/kwH.Antminer L3+ (600Mh) Profitability
According to today's market estimates (Apr 27, 2024), the current price of Litecoin is: $84.75, the Bitmain Antminer L3+ (504Mh) can mine 0.00177394 LTC per 24 hours, which is a profit of $-1.00 per 24 hours if the electricity cost is 6 cents/kwH.Antminer L3++ (596Mh) Profitability
According to today's market estimates (Apr 27, 2024), the current price of Litecoin is: $84.75, the Bitmain Antminer L3+ (504Mh) can mine 0.00177394 LTC per 24 hours, which is a profit of $-1.00 per 24 hours if the electricity cost is 6 cents/kwH.Antminer L3++ (580Mh) Profitability
According to today's market estimates (Apr 27, 2024), the current price of Litecoin is: $84.75, the Bitmain Antminer L3+ (504Mh) can mine 0.00177394 LTC per 24 hours, which is a profit of $-1.00 per 24 hours if the electricity cost is 6 cents/kwH.Is Antminer L3+ Worth the Price?
It all depends on how many Bitmain decides to release and your electricity cost. If Bitmain floods the market with these miners, as they did with their Antminer D3, profits will instantly plumet. However, I believe that this particular miner will be fine. Bitmain has been releasing LTC miners for quite a long time and they remain profitable.
You can use the profitability caculator like minerstat to get the real-time Antminer L3+ and L3++ profitability by enter the electricity costs.
If you have really cheap electricity, then the L3++ is worth the price, otherwise, skip it.
The Antminer D3 is actually (very surprisingly) even a little more profitable than the L3++ right now, and it costs half as much. Still, it isn’t profitable for most home miners with average electricity costs.
Factors Affecting Profitability
There are several factors that can affect the profitability of the Antminer L3+ and Antminer L3++, including the price of Litecoin and Dogecoin, the difficulty of mining, and the cost of electricity.
The price of Litecoin and Dogecoin is a major factor in determining the profitability of the Antminer L3 series. As the price of Litecoin and Dogecoin increases, so does the profitability of mining it. However, if the price of Litecoin and Dogecoin falls, the profitability of mining it decreases as well.
The difficulty of mining Litecoin and Dogecoin is also an important factor. As more miners join the network, the difficulty increases, which makes it harder to mine Litecoin and Dogecoin. This can decrease profitability, as it takes more computing power to mine the same amount of Litecoin and Dogecoin.
Finally, the cost of electricity is a major factor in determining the profitability of the Antminer L3 series. If electricity costs are high, it can eat into profits and make mining less profitable. From the current situation, if you have really cheap electricity, then the Antminer L3 miner is worth the price.
FAQs
How Profitable is the Bitmain Antminer L3+ (504Mh)?
The Bitmain Antminer L3+ (504Mh) is a Dogecoin miner. At the current DOGE price of $0.09, the Bitmain Antminer L3+ (504Mh) is mining $1.31 a day before power cost is subtracted.
At an electricity cost of $0.08 per kwH, the daily profit of this miner would be $-0.23.
How Much Dogecoin does the Bitmain Antminer L3+ (504Mh) Mine Per Day?
The Antminer L3+ (504Mh) currently mines 9.20 DOGE a day.
How Much does the Bitmain Antminer L3+ (504Mh) Cost?
The Antminer L3+ (504Mh) costs $329.00.
Where to Buy the Bitmain Antminer L3+ (504Mh)?
The Antminer L3+ (504Mh) can be bought at Amazon, AKminer.
Why is the Price 5 Times More Than Getting it Direct from the Manufacturer?
Because these are extremely hard to get a hold of and litecoin skyrocketed from $25 to $50 after the L3+ was released. People also realized that mining altcoins (Scrypt-based) was even more profitable than mining litecoin. The high prices reflect what people believe these are worth and how profitable they have become.
