With the price of LTC where it is at none of these high priced miners are going to ROI (even the used ones), seems like a fools gamble.
Do any experienced miners who are mining for profit still mine single currencies like LTC exclusively?
I'll be mining a multipool like Prohashing and with current payouts per Mhs at 0.000065 BTC or more (
http://poolpicker.eu/table), a single A4 running at 270 Mhs returns approx $12.28 per day (BTC = $700). Subtract power costs (1.080Kwh x 0.11c x 24 = $2.85) and that leaves $9.43 per day profit.
In two years, I would imagine a fully working A4 will still be worth $750 (3 year old A2's are still selling for >$600 today(but not for much longer)), so my ROI target is actually only $1150.
$1150/$9.43 = 122 days ROI and then every day until the day I sell the A4 is pure profit after electricity costs.
Of course it's very likely that payments will drop as network hash rates increase but even a 25% payout decrease will still leave plenty of profit for an A4.The same can't be said for Gridseeds and A2's without cheap power however. Once the various scrypt network hash rates start to rise and payouts decrease, these less efficient miners will cease to be viable.
The same thing happened with A7s when A9's came out. It's not as immediate in the scrypt universe but the affect will be the same. Of course Titan's will stay viable for much longer but lets keep in mind that these cost $9,995 new and were fraught with serious delivery and quality issues.
I'm mining LTC and move it to BTC when the ratio gets at least 0.0006 LTC to BTC which would mean
$4.20 usd not the 3.94 it is now
I used to wait till 0.008 LTC to BTC but with all the new coins like ethereum etc out there ..that
speculative cash has gone elsewhere
I am within 1,000 bucks to the bank of paying off with BTC made so far about 2,750mh of my 3,050mh
with this years equip and some towards used.
using
www.litecoinpool.org/calcat current my winter electric of 11c kwh and 3050mh and say 13,000 watts on titans and 3.94 LTC price
I am getting below
24 hours 30.55957031 LTC 120.40 USD 34.32 USD 86.08 USD
7 days 213.91699219 LTC 842.83 USD 240.24 USD 602.59 USD
30 days 916.78710938 LTC 3612.14 USD 1029.60 USD 2582.54 USD
$2,583.54 after rent/expenses/electric per month
the above pool has NO fees and pays out 103%..thus I just wait and move coin (over expenses)
and thus the plan or way I've played it since Nov 8th 2014
Of course holding and moving it
at the right time to BTC also is a guess/hope etc for this to work.
IT all depends on what the price of LTC say is next year (or BTC that drives such) If we are looking
and/or what amount/price and such and of course WHEN you get the equipment. (dumb luck plays
a role)
at $5 LTC say.. well a lot of the A4 and other dubious purchases would be forgiven quickly