Topic: litecoin mining investment (Read 2225 times)

In general I meant. There was the brief period at the beginning of this year where my GPUs made more money than my S9s.......briefly.
However, I think it is healthy to diversify so If you're truly a miner, have both

Mary NIU.                                                                                Today at 08:10

At 23:59 hours of 31st of July 2017, we are going to be deploying 100 new Antminer S9 and 100 Antminer L3+ to cushion any unforeseen market instability that comes with the impending Bitcoin fork. This measure is being put in place to protect our miners investment and also preserve the trust you all have placed on us.

The deployed 100 Antminer S9 and 100 Antminer L3+ miners will be removed from the network, decommissioned and auctioned off at a discount from 00:01 hours of the 4th of august 2017.

Cost:
Antminer S9 (including its PSU): 22 LTC
Antminer L3+ (including its PSU): 25 LTC

To take advantage of this opportunity; make payments to any of the following LTC addresses and post ur transaction ID here afterwards.

LPAT1ivKBpFkT1mM4Lx2nHiamiXpEFsABQ
LRCfzMV5tUjzWDknZTki44JaxQKyL12X5G
LKHYrFxFX6rQpUvtiFJ6vvLwM8qwbBSqKE
LMGKkYGhKGQ3paELmCHkfJTwXNRFPRAZ8k
LPmUWDV88gQTCxnoZ9Abo34t19pEzZ2Xzg
La6Ya7XMEhyUUq4NLBG3hEkkEDDy54DBLe
LLNtNuy61ZY1iNM2nAH7z8dSLm7ZQgFbrx
LX8csuon9mgL5PMXU8nNbxV2DmVbt1QoR4

For a speedy audit of auction winners, each address will only accept payments for 25 Miners.
Note: Auction starts immediately. This is a first pay, first served auction, your payment will be refunded if your funds come after the first 200 payments.

Shipping:
1. For an auction of 1 to 3 miners add 7 LTC to your payment.
2. For an auction of 4 to 10 miners add 14 LTC to your payment.
3. For an auction of 10 miners and above add 40 LTC to your payment.
(To host the miners on the cloud, please don't include the shipping cost in your payment)

Sorry, you may not know my name. I am Andy NIU and am the CTO technical services at Bitmain. It's not mandatory that you buy actually. We have received payment for a total of 110 miners so far and have tagged the respective miners with the addresses of the buyers for dispatch on the 4th of August.

Wow!  I also doubted that post about the auction but I just decided to take a risk by making payments for two L3+ without the shipping cost. To my greatest surprise I just got a mail from Hashnest that 1008MH/s has been added to my hashing power, but I won't be receiving payouts on them till on the 25th of August.

Sorry, you may not know my name. I am Andy NIU and am the CTO technical services at Bitmain. It's not mandatory that you buy actually. We have received payment for a total of 110 miners so far and have tagged the respective miners with the addresses of the buyers for dispatch on the 4th of August.

Anyone think the D3 and A5 will help take the pressure off the LTC difficulty? Im hoping people will jump to the X11 and leave script for a while. Probably wishful thinking.

  so you think all those ppl who bought the l3+ going to give up mining LTC ??

Anyone think the D3 and A5 will help take the pressure off the LTC difficulty? Im hoping people will jump to the X11 and leave script for a while. Probably wishful thinking.

Anyone think the D3 and A5 will help take the pressure off the LTC difficulty? Im hoping people will jump to the X11 and leave script for a while. Probably wishful thinking.

 ASIC payback vs GPU payback has varied a LOT even in the last 4 months alone.

Coming from experience: ASICs pay for themselves much faster than GPU/CPU mining my man.

Well, assuming you also had free BTC ASICs. Ensuring that your mining equipment pays for itself over its lifetime is an additional concern.

If I had free electricity, the only thing I'd change about my setup is that I'd consider finding an appropriate CPU coin for use with my existing rig.


If you plan on going with a GPU rig, you'd better look at multipools that offer payouts in Litecoin, or mine Zcash/ETH/Other and manually exchange it for LTC. Mining LTC directly, as QuintLeo said, is not practical at this point.

Not too long ago (great timing -just in time for summer ), I reassembled my old LTC mining rig of low-mid range 7700 & 7800 series cards and have them mining Zcash. Power is relatively cheap where I live, but it's not super profitable. I don't personally want to buy new cards for mining (especially with the current mining craze), but since I have them on hand and they have already paid for themselves, I'm putting them back to work.