Topic: Genesis - Mining Altcoins (Read 119 times)

I have 5 TH/s of BTC Mining at Genesis. It is going well. And, running the calculations, I am getting higher payouts than what I would be getting with a 5 TH/s hashrate. So, that's good!

With LTC going up, I thought I would try setting my Mining Allocation to full LTC. At Genesis, it is called "LTC (Auto)." I'm not sure if the "Auto" means something in particular. But, at Geneis, you are kind of flying blind. I have an Antminer L3+, and mine on Litecoinpool. So, you can precisely see what your hashrate is, what you are earning, when your payout threshold is, etc.

Well, with my setting LTC (Auto) to "100" I was told I am mining LTC at the same 5 TH/s. Now, that would be something! So, how could I not try it? ;-) That would mean getting 10 times the power of my L3+, and receiving close to 1 LTC a day at current difficulty.

You can guess pretty easily that isn't what I got! I calculate a weekly return of 0.299 LTC. At current difficulty, that would mean a hashrate of around 300 MH/s.

I calculate the yield difference this way: At 100% BTC: 0.0075/week or $134.73 USD/week. At 100% LTC: 0.299/week or $90.86 USD/week.

Question to all of you: Is this pretty much the way it is on Genesis? Even if it says something wild like 5 TH/s in altcoin, you will be getting a small fraction of that?