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Topic: litecoin mining investment - page 2. (Read 2215 times)

sr. member
Activity: 336
Merit: 253
Gone phishing...
July 22, 2017, 10:49:48 PM
#13
If I had FREE electricity, I'd Mine bitcoin. Thats literally a no-brainer it borders on logic and not actually advice

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.


What other alternatives are there to the Antminer L3 ?

And by the way, can a PC be bought and set up to do the job? What hardware should it have?
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 Tongue), 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.
full member
Activity: 402
Merit: 116
July 22, 2017, 10:11:24 PM
#12
If I had FREE electricity, I'd Mine bitcoin. Thats literally a no-brainer it borders on logic and not actually advice
legendary
Activity: 1498
Merit: 1030
July 22, 2017, 10:03:10 PM
#11
What other alternatives are there to the Antminer L3 ?

And by the way, can a PC be bought and set up to do the job? What hardware should it have?

 The only Scrypt miners currently in production are the Innosilicon A4 (better rep for reliability after they fixed their "first 2 batches" issues) and the Bitmain L3+ (higher performance and more efficient, but has hashboards die more often).
 The L3 (not plus) appears to have only had 1 or perhaps 2 batches sold by Bitmain before they replaced it with the L3+.

 PCs have not been able to mine Scrypt for profit for years, and at current network difficulty it's doubtfull you can even mine DUST with a GPU-based Scrypt miner.
 Even with FREE electric, your GPU will probably die before you make enough Litecoin (or any other Scrypt-based coin) to pay for the card.

member
Activity: 162
Merit: 10
July 21, 2017, 06:13:25 PM
#10
What other alternatives are there to the Antminer L3 ?

And by the way, can a PC be bought and set up to do the job? What hardware should it have?
member
Activity: 162
Merit: 10
July 21, 2017, 01:38:03 PM
#9
I don't mind waiting a bit longer for roi. One problem I see is that the antminer L3 is out of stock.
hero member
Activity: 1498
Merit: 597
July 21, 2017, 12:07:14 PM
#8
I understand that bitcoin mining has grown very competative and I think that litecoin is a likely candidate for making a run on its turn.

That antminer l3+ looks ok. How much ltc is it expected to produce per week (or per month) ?

no one can tell you , how much those miners can produce per week or months ahead...
any calculator you can find on the web , is just for that day , that moment when u using it Smiley
difficulty and current LTC/fiat exchange rate the two mayor factor to calculating any income from mning if you not paying for electricity ...

One Antminer l3+ with today (july-20-2017) difficulty , and current LTC/fiat exchange rate can generate around 36-37$/ day
in the past 1 month the difficulty grow 30%
if yo used the same calculator a month ago (jun-20-2017) you calculated result was around 75$/day,

just a side note ... LTC difficulty jumped another 15% today ( july 21 / 2017 ), its close to 45% jump in the past month,  so with current difficulty , and ltc/fiat exchange rate one l3+ can mine around 32-33$ /day if you not paying for electricity ... LTC mining of course is still profitable Smiley but if the exchange rate stays the same and difficulty keep growing , ROI time will be much longer , you going to make less and less $ day by day Sad
newbie
Activity: 28
Merit: 0
July 21, 2017, 12:40:12 AM
#7
Let’s say I don’t need to pay for electricity.

Is it worth making an investment to buy hardware for litecoin mining? How much is reasonable to get started with something worth the trouble?

Would some other leading altcoin (eth, monero etc) be a better option?

Thanks Smiley


Eth or zcash will be best option for mining I guess. Even monero is good choice but it will take good time to coming up and get stable in market so better to mine already stable coins first.

Thank you.
hero member
Activity: 2604
Merit: 816
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July 20, 2017, 09:35:20 PM
#6
Let’s say I don’t need to pay for electricity.

Is it worth making an investment to buy hardware for litecoin mining? How much is reasonable to get started with something worth the trouble?

Would some other leading altcoin (eth, monero etc) be a better option?

Thanks Smiley


if you decide to buy hardware for litecoin mining, I think its still profitable, because litecoin price is not yet reach high price and we are see the price is down now and in next time, I am sure that the price will be more than 0.02 btc (its the last time price). but you need to buy high end hardware to start and its not cheap, you need to spend much of money but I think its still worth to buy. if you want to mining many coins, then I advice you to buy vga cards so you can mining with many coins option.
hero member
Activity: 1498
Merit: 597
July 20, 2017, 07:49:46 PM
#5
I understand that bitcoin mining has grown very competative and I think that litecoin is a likely candidate for making a run on its turn.

That antminer l3+ looks ok. How much ltc is it expected to produce per week (or per month) ?

no one can tell you , how much those miners can produce per week or months ahead...
any calculator you can find on the web , is just for that day , that moment when u using it Smiley
difficulty and current LTC/fiat exchange rate the two mayor factor to calculating any income from mning if you not paying for electricity ...

One Antminer l3+ with today (july-20-2017) difficulty , and current LTC/fiat exchange rate can generate around 36-37$/ day
in the past 1 month the difficulty grow 30%
if yo used the same calculator a month ago (jun-20-2017) you calculated result was around 75$/day,
sr. member
Activity: 420
Merit: 255
member
Activity: 162
Merit: 10
July 20, 2017, 06:54:19 PM
#3
I understand that bitcoin mining has grown very competative and I think that litecoin is a likely candidate for making a run on its turn.

That antminer l3+ looks ok. How much ltc is it expected to produce per week (or per month) ?
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
July 20, 2017, 06:24:19 PM
#2
Before that I would day, isn't it better to buy antminers and mine bitcoin if you don't have to pay electricity costs?
For litecoin mining Bitmain has good hardwares, also if you think about dash mining, baikal has good hardwares (as far as I know).
If you doubt what to mine, wouldn't be a buying GPU good idea?
Sorry but can't suggest which altcoin will be better for mining, just give my advices on hardwares as you needed.
member
Activity: 162
Merit: 10
July 20, 2017, 06:15:21 PM
#1
Let’s say I don’t need to pay for electricity.

Is it worth making an investment to buy hardware for litecoin mining? How much is reasonable to get started with something worth the trouble?

Would some other leading altcoin (eth, monero etc) be a better option?

Thanks Smiley
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