How to set Up an Antminer L3+ – easy antminer set up – mining Litecoin in 2018, is it profitable?

Today we’re setting up the Antminer L3+ from Bitcoin. I’m mining Litecoin in 2018!

HELPFUL LINKS FOR CRYPTOS:
Coinbase – free $10 in BTC offer: https://www.coinbase.com/join/5873d4067d0be82d5ce2da7d
Cointracking: https://cointracking.info?ref=H561370
Bitcoin Taxes: https://bitcoin.tax/r/XPdQERcX
Buy ALL the cryptos! : https://www.binance.com/?ref=17250219
Start Mining ALT Cryptocurrencies! : https://minergate.com/a/31c70d6270e677f6fc5b213d

This miner is great in terms of easy set up and performance. it’s at the top of the game when it comes to ASIC miners. Antminer being among the most popular companies offering these specialized units. The demand for their LTC miner is crazy now a days too!! so be prepared for price shock. I paid much more for this unit than i did my BTC miner last year! I do have an Antiminer listend in my amazon store but here’s an idea of what they’re doing on eBay as well:.

My Amazon Store: https://www.amazon.com/shop/hydroconomist
Antminer L3+ on Amazon http://amzn.to/2HFIlIj
Antminer ls+ on eBay: https://goo.gl/xGJ6DS

Essentially it’s plug in and play. in order to find the miner , especially if you’re on a large network, downloading an IP scanner will help you find the miner quickly so you can then access the antminer interface, just google it there’s many options available.

Once you locate the miner you double click it, a field drops down, you click that and it will take you to Antminers web interface, your miner is set with default user /password combinations both being :root.

As long as you’re powered up and hooked into the internet you’ll be able to see everything you need to see. The only thing you’re really going to change is your pool information

I pool at Litecoinpool.org but there’s plenty of options available. generally you’re looking for a solid pool to start with, and ideally the closer to you the better. once you’ve made your choice, each pool has different methods to this .
litecoinpool.org, for example, has you create a username / password combination to get into the site. from there you basically set up a name and password for your miner and you’re off to the races.
on the other side. if you mine with say nicehash. you have the ability to mine without setting up a profile and point the payout address to an external wallet.

In both cases you’re copying and pasting the chosen stratum addresses into the miner interface . you can have up to three, the other two being backups in case one goes down.

Understand that typically you wont need to mess with much anything else outside of maybe changing your user password combo for more layers of security, There’s also a tab with which allows you to do some ping tests to see which stratums are closest to you for your optimal connection source, essentially the shorter the time it takes the better.

Finally. Mining with this equipment is pretty much your only choice now a days because mining is highly competitive and expensive. so if you don’t know what you’re doing and what your buying , you can get burned. even if the equipment and set up was solid, people often overlook the power requirements and heavy costs associated with running these machines 24/7

There are many mining calculators that can give you a general idea of what your profitability could be. but that’s based on a number of factor. for one, are you short or long? if you’re long you’re much less concerned about the daily dollar prices and more concerned with stacking your coins. Crypto currency is extremely volatile so if you’re mining while playing the short game, you might not entirely like the results, vs being extremely long and potentially having much larger gains as the crypto space continues to evolve and grow.

But the power demands and costs can be often overlooked by users. as in if you’re not in an optimal area with cheap abundant energy, it could take a year or more to cover the costs and break even with just one of the high powered machines, so buckle up and get ready for a long volatile road ahead, and simply try not to sweat the small stuff.

In no way is this advice, but simply a collection of my personal experiences and hobbies. you can’t base your future success on my past results, and I’m working with a different set of circumstances. soooo do more more research please !

Music by Ears2you : Song – Hi Ho www.youtube.com/ears2youvlog

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HELPFUL LINKS FOR PRECIOUS METALS
Gold and Silver Savings Account: https://ownx.com/share/BEZNG/
Cointracking: https://cointracking.info?ref=H561370
TIPS:
BTC:
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LTC
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ETH
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How to set Up an Antminer L3+ – easy antminer set up – mining Litecoin in 2018, is it profitable?

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Kane Dane