Can large GPU systems be profitable with Litecoins?

bhunt

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Quote from: BitshireHashaway on May 03, 2013, 04:38:32 PM

Quote from: Malawi on May 03, 2013, 12:08:16 PM

Quote from: Geertje123 on May 03, 2013, 11:51:26 AM

Ive seen a large drop in the value of the litecoin currency lately. I wanted to buy another GPU to start a new mine, however I changed my mind when I saw the graphs of the litecoin currency.

For now I have two workers, one is my laptop I use every day, and the other my old desktop which mines at ~20 kH/s. (not much but it's something)

I'm also planning on installing miners on some of the PC's at where I work. (lol)

At that speed you are probably using more electricity than you make in LTC. Still works as a pure exchange thou. But be aware that your laptop is more sensitive to mining. (Gets too hot quicker)

I using my laptop to do tests before I get a GPU rig. I have heard rumors about it getting to hot, however, it is a Alienware Gaming Laptop and on max, the GPU doesn't even get much hotter than 70.

I would mine with it if you have enough hash rate for your electricity bill..
I wouldn't go over 85% fan speed and 70-75°C

the1silverwolf

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Quote from: Torrerre on May 03, 2013, 04:41:52 PM

If it's not profitable with Litecoins it can be profitable on other coins using scrypt, like FTC or CNC. I've let 2 1.2Mh/s rigs mine FTC over the last one week, exchanged them for LTC, and it easily outpaced what I could have mined on LTC.

I've recently started doing this as well. FTC hit the BTC-E market with a very good price (ratio) to bitcoins so i've been mining them.

ritchan

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That's what I do too - long term I'd store everything in LTC or BTC, but for mining, since I only have an nVidia card, I mine the easy ones instead and hope I can trade them for a good price.

Torrerre

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If it's not profitable with Litecoins it can be profitable on other coins using scrypt, like FTC or CNC. I've let 2 1.2Mh/s rigs mine FTC over the last one week, exchanged them for LTC, and it easily outpaced what I could have mined on LTC.

BitshireHashaway

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Quote from: Malawi on May 03, 2013, 12:08:16 PM

Quote from: Geertje123 on May 03, 2013, 11:51:26 AM

Ive seen a large drop in the value of the litecoin currency lately. I wanted to buy another GPU to start a new mine, however I changed my mind when I saw the graphs of the litecoin currency.

For now I have two workers, one is my laptop I use every day, and the other my old desktop which mines at ~20 kH/s. (not much but it's something)

I'm also planning on installing miners on some of the PC's at where I work. (lol)

At that speed you are probably using more electricity than you make in LTC. Still works as a pure exchange thou. But be aware that your laptop is more sensitive to mining. (Gets too hot quicker)

I using my laptop to do tests before I get a GPU rig. I have heard rumors about it getting to hot, however, it is a Alienware Gaming Laptop and on max, the GPU doesn't even get much hotter than 70.

Malawi

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One bitcoin to rule them all!

Quote from: m00min on May 03, 2013, 01:00:39 PM

Nice fish Malawi

Thanks.

It's a Juvenile Tropheus Duboisi

m00min

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Nice fish Malawi

Malawi

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One bitcoin to rule them all!

Quote from: Geertje123 on May 03, 2013, 11:51:26 AM

Ive seen a large drop in the value of the litecoin currency lately. I wanted to buy another GPU to start a new mine, however I changed my mind when I saw the graphs of the litecoin currency.

For now I have two workers, one is my laptop I use every day, and the other my old desktop which mines at ~20 kH/s. (not much but it's something)

I'm also planning on installing miners on some of the PC's at where I work. (lol)

At that speed you are probably using more electricity than you make in LTC. Still works as a pure exchange thou. But be aware that your laptop is more sensitive to mining. (Gets too hot quicker)

Geertje123

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Ive seen a large drop in the value of the litecoin currency lately. I wanted to buy another GPU to start a new mine, however I changed my mind when I saw the graphs of the litecoin currency.

For now I have two workers, one is my laptop I use every day, and the other my old desktop which mines at ~20 kH/s. (not much but it's something)

I'm also planning on installing miners on some of the PC's at where I work. (lol)

the1silverwolf

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Yes, mining LTC with a GPU is profitable how profitable depends on market price & mining difficulty.

Use this calculator below to figure out how many LTC you can mine with your GPU.

http://litecoinminingcalculator.com/index.php

Malawi

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One bitcoin to rule them all!

Quote from: BitshireHashaway on May 03, 2013, 10:30:36 AM

Since there from what I've heard can't be an Asic made for Litecoins, does that mean that you can build a very large GPU rig (similar to what people have been making for Bitcoins before Asics were made), and make a profit from that?

Yes and No

It would have been possible if things stayed the same at the HW front. When ASIC's hit's BTC, it means that more or less all GPU mining rigs will start to mine LTC instead. That only requires a small RAM-upgrade and they will be ready to go. Pretty sure many have already upgraded and tested their rigs vs LTC.

misguidedgeek

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Litecoin is Scrypt based. They don't solely depend on the GPU like bitcoins.
They also need a pretty good RAM and moderate processor.

Check this page for comparison : https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison

BitshireHashaway

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Since there from what I've heard can't be an Asic made for Litecoins, does that mean that you can build a very large GPU rig (similar to what people have been making for Bitcoins before Asics were made), and make a profit from that?

Topic: Can large GPU systems be profitable with Litecoins? (Read 715 times)