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Is it worth it to invest in the Bitmain Antminer L3++ (596Mh)

Is it worth it to invest in the Bitmain Antminer L3++ (596Mh)?

  • 21 April 2022
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The Bitmain Antminer L3++ is one of the latest Antminer models that could take a top position in the mining rig competition. The device uses the popular Scrypt algorithm suitable for Dogecoin and Litecoin mining. The power consumption of this model is 1050 W, which is lower than the latest models like Bitmain Antminer E9 (3GHz), Goldshell KD6 and KD5, etc.

History of Antminer L3++ (596Mh)

Bitmain is the most famous crypto-miner manufacturer in the world. Based in Beijing, China, under a private holding company called BitMain Technologies Holding, the company started in 2013 with Jihan Wu and Micree Zhan. They are the masters at making ASIC (Application Specific Integrated Circuit) chips for crypto mining equipment.

The Antminer L3++ (596Mh) launched in May 2018 with 596Mh of power which was so powerful and profitable. Later in May 2018, Bitmain produced more efficient devices of this series, Antminer L3+ with 600Mh power, and in May 2018, introduced Antminer L3++ with 580Mh and 600Mh capacity. The power consumption of these models is between 800 W to 1000 W, which is far behind the current Antminer L3++ (596Mh) model.

What is the Scrypt algorithm, and which coins can be mined with it?

The Scrypt algorithm is famous in the mining community because it allows them to mine different coins. The Scrypt algorithm is suitable for mining Dogecoin, Litecoin, Tradecoin, Einsteinium, Gulden, and many other currencies.

The encryption algorithm is a password-based essential derivation function designed to prevent large-scale hardware invasions by using a considerable amount of memory that turns it into a perfect ASCI-resistant hashing protocol. Litecoin was the one that expanded and popularized the encryption algorithm.

Is it worth it to invest in the Bitmain Antminer L3++ (596Mh)?

Antminer L3++ (596Mh) Specifications

The Antminer L3++ (596Mh) was released in May 2018. Its weight is 4.6 kg, which is quite normal for such hashing power, and its size is among the small mining rigs. This crypto-mining device has two fans that provide an efficient cooling system for a power consumption of 1050W. 70 dB noise level, 0 – 40 °C temperature, and 5 – 95 % humidity are within the normal range. Its interface is Ethernet, which is common among crypto mining devices.

Specifications

Manufacturer Bitmain
Model Antminer L3++ (596Mh)
Release May 2018
Size 188 x 130 x 352mm
Weight 4600g
Noise level 70db
Fan(s) 2
Power 1050W
Wires 9*6pins
Voltage 11.6 ~ 13.0V
Interface Ethernet
Temperature 0 – 40 °C
Humidity 5 – 95 %

Bitmain Antminer L3++ (596Mh) compared to other crypto mining devices.

The Bitmain Antminer L3++ (596Mh) comes with two hashing powers, 9.5 Gh and 9.16 Gh, with a daily income of $0.17. Launched in May 2018 and ranks 101st among the best mining rigs in the world. Above that is Innosilicon A11 Pro ETH (2000 Mh) EtHash with a daily profit of $95 and an unknown release date. In addition, iBelink BM-K1+ provides a $105 daily profit released in September 2021 for Kadena mining. Jasminer X4 got the higher position of 124 USD published in November 2021, EtHash algorithm.

Then, as the profitability estimates get closer, the competition in the third-to-one ranking becomes much fiercer. The Goldshell KD 5 used for Kadena mining, released in March 2021 with 18 Th hashing power, yields a daily profit of $127. The Bitmain Antminer E9 (3 Gh) with EtHash algorithm comes in second place with a daily gain of 146 USD. Goldshell KD6 at 26.3 Th/s has taken first place with a $188 estimated daily profit.

Conclusion

The Antminer L3++ (596Mh) is one of the crypto mining devices with a daily profit of 0.17 USD. Its encryption algorithm makes it the right choice to mine multiple coins like Doge, Litecoin, Tradecoin, etc. The device is on the below list of Scrypt miners ahead of Goldshell LT6 and Innosillicon A6+ LTC Master with $22 and $14 daily profits.

The price of this device is around $61,900, and its income is estimated at $15,000. Therefore, the ROI for this device is estimated at 15 percent, which is quite interesting for investment purposes. Thus, the Antminer L3++ (596Mh) can be suitable for mining companies.


Why Bitcoin cloud mining?

An unknown individual or group called Satoshi Nakamoto introduced the Bitcoin network in 2009. In 2021, there will be more than 10,000 different projects in cryptocurrencies. So each of them has its role in building the future of money.

The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It passed $ 2.5 trillion less than three months later. So it shows that this market is one of the growing markets in favor of its investors.

Bitcoin Cloud Mining is the process by which you participate in a mining pool to a cloud miner website and purchase a certain amount of hash power. In this pool, the profit will distribute equally among all participants who have participated in the mining pool. It will happen based on hash power. Also, the cloud mining platform allows you to mine your BTC without installing any hardware and at no extra cost. So Minerland, the best crypto cloud mining service to earn Bitcoin, helps you invest in Bitcoin easily and with low risk.

3 responses to “Is it worth it to invest in the Bitmain Antminer L3++ (596Mh)?”

  1. Yanga Jili says:

    Good to know and useful info

  2. Angela says:

    Mining is a very profitable opportunity

  3. Isaac ihaza says:

    It is awesome

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