Is it still a good idea to start litecoin mining?

flound1129

hero member

Activity: 938

Merit: 1000

www.multipool.us

Quote from: odolvlobo on April 02, 2013, 10:51:33 PM

There is no one-size-fits-all answer. Pixel says yes, but he doesn't know anything about you, so he really doesn't know. You need to figure out the numbers for yourself. If you can't do that, then you shouldn't be mining because you need to know if you are making money or losing money as the situation changes.

Difficulty will skyrocket soon, you can't rely on current profitability ratios for any timeframe outside the next few days.

odolvlobo

legendary

Activity: 4466

Merit: 3391

There is no one-size-fits-all answer. Pixel says yes, but he doesn't know anything about you, so he really doesn't know. You need to figure out the numbers for yourself. If you can't do that, then you shouldn't be mining because you need to know if you are making money or losing money as the situation changes.

goxed

legendary

Activity: 1946

Merit: 1006

Bitcoin / Crypto mining Hardware.

yes! whenever return time frame is around 3 - 6months it's very profitable.

pixel

member

Activity: 98

Merit: 10

x1 7970 | Aprox. 587 kh/s

Title states it, is it a good idea? With these raising prices. (I don't pay electricity)

Topic: Is it still a good idea to start litecoin mining? (Read 818 times)