The new Antminer L3+ is essentially double the performance and power usage of the regular AntMiner L3 model announced earlier this year. It offers essentially doubled performance by doubling the number of BM1485 ASIC chips from the 144 units in the L3 to 288 in the new L3+.

The L3+ is a four-board, nearly double-density step up from the L3 that came out a few months ago. Before the L3 entered the market, lnnosillicon was the only company making a newer gen Scrypt ASIC with the A4. We will also review the A4 Dominator in the coming days. The Antminer L3+ is a like all Bitmain miners: simple to use and powerful. The new design takes things a step further by using a four board setup with 288 chips. The L3+ arrived packed safely with no issues. When you first see the L3+, you will notice the length and the dual fan setup, as well as its 59-type case. The design allows for the heat to be moved out quickly and efficiently.

Setup with the Bitmain APW3+ 1300 watt PSU is dead simple. However, one thing to note is that each board requires two 6-pin PCie connections for eight total -plus one PCie for the control board. If you don’t have an Antminer PSU, you need to make sure your unit supports that many connections. The APW3+ has six pairs of PCie connections, making it ideal for the L3+. The APW3+ is only 220v, though, and will not power up on 110v. If you need 110v support, you’ll have to buy the APWS -which does 1300 watts on 110v and 2600 watts on 220v- or an equivalent PSU from another brand.

The Antminer console is the same as everyone is used to using. Most ship with DHCP enabled, so once you find the console’s corresponding IP address, you can login using the default root/root username and password. After you login for the first time, we suggest immediately changing your password.

The L3+ has a great Miner Config page where you can enter your pool info, as well as how you want the fans to run. There’s even a frequency adjustment panel for down-clocking or overclocking. Overclocking voids the warranty so only do so at your risk. Whatever you decide to do with your clock speeds, you can use the miner status screen to monitor chip info, temps and speeds along with pool information for simple local management.

A COMPACT TIME-TESTED DESIGN

World’s most powerful Litecoin miner, yet smaller than many portable boom-boxes The Antminer L3+ follows a form factor similar to that of the hugely popular Antminer S9 and is nearly the same size. Whether in a home or in a mining farm with several other L3+ miners, the Antminer L3+’s small footprint fits well in all locations.

CONTROLLED BY TEXAS INSTRUMENTS’ 1 GHZ ARM® CORTEX-AS MICROPROCESSOR

L3+’s control board uses Texas Instruments’ AM335x 1GHz ARM® Cortex-A8 microprocessor. The Antminer L3+’s control board employs the fast AM335x 1GHz ARM® Cortex-A8 microprocessor and supports Gigabit Ethernet to ensure that mined blocks are submitted instantly.

ENGINEERED TO REMAIN POWERFUL YET COOL

A high-grade aluminum case, customized heat-sinks and two computer-controlled fans to keep it cool. The L3+ utilizes a combination of conduction and convection cooling to make the world’s most powerful litecoin miner perform at its best while creating no more heat than the latest terahash Bitcoin miner. Every chip of the L3+ is fitted with custom-made heat sinks that are made of a high-grade Aluminum alloy. The case of the L3+ is made ofthe same material. Two computer-controlled high speed fans on both ends of the “tube” ensure that the hot air is rapidly replaced by cooler air at the required pace.

EASE OF USE

Antminer’s user interface has been carefully designed keeping the needs of our users in mind. After you have accessed the Antminer’s user interface, all you need to do is to enter your wallet address and mining pool settings to start mining. The user interface also allows you to customize certain settings and to upgrade to new firmware releases from Bitmain.

Overview of the product features

• 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
• Chip quantity per unit 288 chips on four hashing boards, 72 chips on one hashing board
• Dimensions 352mm (I) x 130mm (w) x 187.5mm (h)
• Operating temperature ooc- 40°C
• Network connection Ethernet

Should you but it?

The Antminer L3+ is a very good buy, as the chance for ROI at current value is not as far out depending on what you pay for electricity. The Antminer L3+ is highly recommended if you want to mine Scrypt alga coins like LTC. Between the hash rate to power consumption which is top in the class of miner to the solid build quality, it is something that will last quite a long time.

Pros

• Hash Rate of 504 MH/S
• Power Consumption Of Around 800W
• 1.6J/M HA Efficiency
• Easy To Setup

Cons

• Little Expensive

Conclusion

With all the features and specifications of L3+ miner mentioned above it would be not wrong to say it is another great choice when it comes to best bitcoin mining hardware. The Antminer L3+ is a very solid all-round performer, with some definite size and weight. The Antminer L3+ boasts incredible hashing power and relatively low power consumption. This miner has a hash rate of 504 MH/s. This is pretty high, yielding a daily return of nearly 700%. After power costs of around $2.30 per day, you’ll generate nearly $6,000 per year in revenue.

Considering the hash rate of the Antminer L3+, it’s safe to say you’ll make plenty of money. However, your projected profits may vary based on where you live and your electricity cost. Another way to acquire Litecoin beside mining is to purchase from Coinbase. You can simply use your credit card or PayPal account.

The post AntMiner L3+504MH/s @ 1.6W/MH ASIC Litecoin Miner Review appeared first on New Computer Inquiry.

Bitcoin (BTC) is a new kind of digital currency-with cryptographic keys-that is decentralized to a network of computers used by users and miners around the world and is not controlled by a single organization or government. It is the first digital cryptocurrency that has gained the public’s attention and is accepted by a growing number of merchants. Like other currencies, users can use the digital currency to buy
goods and services online as well as in some physical stores that accept it as a form of payment. Currency traders can also trade Bitcoins in Bitcoin exchanges.

Rather than being manipulated by a single body, bitcoin is a decentralised peer-to-peer currency, meaning that it lives on the computer of everyone that works with it. (The same as the internet itself.) Given that it’s decentralised, no one can corrupt with the marketplace by releasing more bitcoins into circulation and there is no wall-street banker lining one’s pockets by standing in the center of each order.

The perks of bitcoin are that transactions happen almost instantly and don’t require a transaction fee-unless the person starting the transaction decides to pay one. You see, since nobody manipulates the bitcoin network, there are computers around the planet who help confirm each transaction that happens– this process is called “mining.”.

The way bitcoin deals operate is very basic, everyone has a bitcoin wallet that they utilize to send and obtain funds. This wallet is a simple string of letters and numbers, helping make that wallet fully confidential unless the person chooses to link themselves with it. The private essence of bitcoin deals has caused it being used for a variety illicit activities.

While prohibited purchases may happen, there are thousands of establishments, programs and economies all over the planet that recognize bitcoin. Bitcoin was initially designed by Satoshi Nakamoto in 2008 and the first bitcoin transaction happened in 2009.

What are Bitcoin’s characteristics?

• As mentioned earlier, it is decentralized. It is not owned by any specific company or bank. Every software that mines the Bitcoins make up a network, and they work together. The theory was, and it worked, that if one network goes down, the money still flows.
• It’s easy to set up. You can set up a Bitcoin account in seconds, unlike the big banks.
• It’s anonymous, at least the part that your Bitcoin addresses are not linked to any sort of personal information.
• It’s completely transparent, all of the transactions using Bitcoins are shown on a large chart, known as the blockchain, but nobody knows it’s you as no names are connected to it.
• Transaction fees are minuscule, and compared to a bank’s fees, the rare and small fees Bitcoin charges are close to nothing. It’s fast, very fast. Anywhere you send money too, it generally will arrive in minutes after processing.g. It’s non-repudiable, meaning once you send your Bitcoins away, they’re gone forever.

Check out our complete investment guide to acquiring Bitcoins and jump-start your financial future.

Ethereum

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between
accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

In many ways, Ethereum is similar to Bitcoin. It’s a public, peer-to-peer network or blockchain with its own digital currency called Ether. Ethereum was created by Vitalik Buterin in 2014 and the purpose of Ethereum is to be a platform on which smart contracts can be built and run. Put very simply, Ethereum is intended to be a world computer. Where Bitcoin stores a list of balances and transactions on its blockchain, the Ethereum blockchain is designed to store different types of data. This data can be accessed and used by computer programs running on the Ethereum blockchain. These programs are called decentralized apps, or dapps.

Developers around the world can build and run decentralized applications on the Ethereum blockchain. The purpose of these is to improve the industries of finance, personal information storage, governance and more by using the transparent nature of a blockchain.

Litecoin

Litecoin is a decentralized online currency. It can be used to purchase internet services, such as website development or goods, such as jewellery or other related accessories. The great thing about Litecoin is that it provides merchants with a safe and easy way to accept money, as there are no fees when sending or receiving funds. You will also find that all payments are recorded via an online system, otherwise known as the blockchain. This enables the payment receiver to immediately verify the payment and the user, without having to research it all by hand.

Litecoin uses software which allows you to send payments, much like sending an email. It is worth noting that there will only ever be 84 million litecoins, so you don’t need to worry about inflation affecting the overall value of your currency. Many people make exchanges using litecoins, with millions of trades happening every day. These exchanges are often used to trade Euros, dollars and more into
litecoins, so the possibilities really are endless. This also enables users to protect their financial investments by trading their physical currency into litecoins, so exchanges can happen without worry of the new currency depreciating in value. Whatever you need, litecoins can be a great way to make online purchases, not to mention that they can also help you protect your own finances by protecting you from
inflation and other external influences that might affect the value.

This currency works much like standard world currencies. Traders and investors have realized the great potential this currency has to offer, and it is heavily traded by beginning and seasoned investors alike. The best way to get the most out of Litecoin trades is to utilize the services of a Litecoin broker. There are numerous Litecoin brokers available that have excellent reputations for providing their clients with
superb service. These brokers will be able to help traders make sound decisions about their investments. When you hire a good Litecoin broker, they will have numerous tools and resources available to ensure that your trades go smoothly. Perhaps the most used tool by these brokers is the Litecoin news widget. This widget can be fully customized to meet your specific needs. It will give continual updates on
cryptocurrency news and other relevant information, so that you will be privy to the latest news developments as they are released on the wires.

You can get Litecoins as well as Ethereum coins and Bitcoins by purchasing from Coinbase. When you sign-up you will get $10 in free Bitcoin when you spend over a $100 dollars.

The post What is Bitcoin, Ethereum, and Litecoin? appeared first on New Computer Inquiry.