I normally don't bother mining Litecoin unless it's at least 10% more profitable than mining Bitcoin, which it is not at the moment.
You lose money to the exchange every time you swap one for the other, and Litecoin also uses more electricity to mine since you can't underclock GPU memory.
Also, it seems like a lot of people are hoarding LTC at the moment with the expectation that it will go up if and when LTC hits Mt. Gox. Mt Gox has so many other problems (Dwolla, Coinlab, and a slow unreliable trading platform) that it's hard to tell when they will add LTC support and what that will do to the price if it does hit a major exchange.
LTC price already spiked on the news that it would hit Mt. Gox, and has been retreating versus BTC ever since. I suspect a lot of people will dump LTC once it does hit Mt. Gox.
Topic: Bitcoin mining vs Litecoin mining - page 2. (Read 3841 times)
Oh. It seems I stand corrected. Although, isn't bitcoin mining going to take over a year on any sort of affordable GPU hardware to find a single block? Even if it's equally profitable? Whilist LTC will get you much more granulated blocks of profit for more immediate profit.
Use Dustcoin.
It's great for comparing BTC to LTC, but I warn you against switching to a lesser known alt-coin. For example, Terracoin is said to be ~150% the price of BTC, but it is extremely volatile. It won't be like that for long.
It's great for comparing BTC to LTC, but I warn you against switching to a lesser known alt-coin. For example, Terracoin is said to be ~150% the price of BTC, but it is extremely volatile. It won't be like that for long.
Your profit margin is MUCh greater with litecoin. Don't bother with mining bitcoins, only ASICS can make money on mining bitcoins these days.
Welcome to the world of uninformed opinion.
Over in the world of data based information:
Quote
Bitcoin SHA-256 238234 12153411.709776 25 1.000000000 100.00%
Litecoin scrypt 360300 595.65349676 50 0.024000000 Vircurex 97.94%
Litecoin scrypt 360300 595.65349676 50 0.024000000 Vircurex 97.94%
Litecoin is currently trading at 98% profitability hash for hash. Discounting the finnicky nature of litecoin mining, the higher power consumption and heat issues, you're still making less currently mining litecoin.
That said, since the two are roughly equivalent, there isn't that much difference, unless you are speculating on the future. Some people are bullish on litecoin, some are bearish. I myself would be bearish, but there's really not enough data to provide any kind of substantive answer.
Your profit margin is MUCh greater with litecoin. Don't bother with mining bitcoins, only ASICS can make money on mining bitcoins these days.
Diversity is always good. If you're unsure, I'd do half litecoins half bitcoins. I have 3 cards and am currently using 2 for mining bitcoin and 1 for mining litecoin. I want to get some bitcoins with my gpus before the difficulty gets too high.
10000 KH/s LTC
10000 MH/s BTC
Roughly.
10000 MH/s BTC
Roughly.
Gigahashes?
The guy has mh/s!
If I were you, I would probably buy a new used GPU first. Probably not worth it mining with what you have now.
The guy has mh/s!
If I were you, I would probably buy a new used GPU first. Probably not worth it mining with what you have now.
Its currently mining litecoin... I have been considering swapping over to Bitcoin. I am simply looking for opinions.
No offence but I'm surprised you have 10 gigahashes and do not know the answer to this question. Are you asking hypothetically?
Hi all,
I have currently just over 10k Kh/s (LTC) and roughly the same for BTC ( 10 k MH/s ). All GPU based. What would you recommend I mine to yield the most profits?
Thank you.
I have currently just over 10k Kh/s (LTC) and roughly the same for BTC ( 10 k MH/s ). All GPU based. What would you recommend I mine to yield the most profits?
Thank you.
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