In today’s video, I explain why I just bought TWO more Antminer L9 17 GH/s Scrypt Doge miners — and trust me, it wasn’t only because of the sale.
I break down the three major reasons behind this purchase:
1️⃣ Tax depreciation before year-end (lowering my effective tax rate)
2️⃣ Access to cheaper hosting electricity rates
3️⃣ Plateaued Litecoin/Dogecoin network hash rate + strong efficiency vs older models
My Top 3 ASIC Hosting Providers:
Terra Hosting https://terrahosting.io/red-panda-mining/
Iowa Crypto Mining https://iowamining.io/
Metered Mining https://meteredmining.io/
I also compare the L9 to the upcoming L11, show real-world power efficiency numbers (≈0.2 J/MH), and power-test one of the new units live for the first time.
If you’re considering buying an L9, L11, or any Scrypt miner, this video should help you understand what to expect in terms of profitability, hosting, risk, and long-term sustainability.
🔥 GIVEAWAY:
Comment below to enter for 24 hours of hashpower from my new L9 17 GH/s miner! Winner chosen a few hours after upload.
🔗 Links
• Antminer L9 sale: https://geni.us/d4hpF
• Powerpool: https://powerpool.io/register?r=eace5da4
• Hosting resources / tools (as mentioned)
As always, let me know your thoughts — good or bad — about this purchase.
Thanks for watching, and have a great day!
Chapters:
0:00 – Intro
0:20 – I Bought Two More ASIC Miners
0:42 – Why the Antminer L9 (17 GH/s)?
1:25 – My Experience With L9 Models
2:00 – Reason #1: Price Drop & Sale
2:34 – The Real Reason: Year-End Tax Depreciation
3:26 – Why I Didn’t Buy RTX 5090s Instead
3:58 – Reason #2: Cheaper Hosting Electricity
4:18 – Importance of Electrical Rates for Scrypt Mining
4:20 – Reason #3: Litecoin/Dogecoin Hashrate Plateau
5:00 – Risk Factors & Network Equilibrium
5:17 – L9 Efficiency vs Older Models
5:41 – L9 vs. L11 Efficiency Comparison
6:02 – Powering On the New L9
6:21 – Power Consumption Test (3576W)
6:45 – Live Hashrate & Efficiency Results
7:13 – Noise Levels & Temperature Notes
7:47 – Physical Condition & Scratches Check
8:16 – Final Thoughts
8:21 – 24-Hour Hashrate Giveaway!
8:39 – Outro (Peace Out)
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DISCLAIMER: Red Panda Mining is not a financial advisor nor an expert. This is not financial advice. Everything said in this video is an opinion.
