Topic: LTC Mining profitable (Read 969 times)
It's still about 4-5 times the cost of electricity at $0.11/kWh so if you already have cards then you might as well mine. Difficulty will likely double once the bitcoin asics force all the GPU miners over to litecoin.
Is LTC mining still profitable?
Does one HD7850 make $?
I mining with single 7850. On current difficulty i obtain ~2 LTC per day (notice, diff is growing fast over time). At BTC-e pair BTC/LTC is 0.02 now, LTC/USD 1.77. Not much. You can check profitability of any cryptocurrency here btw http://dustcoin.com/miningDoes one HD7850 make $?
a 7850 is faster than my 6990?
I only got like 0.049 LTC in one day. Yours is like 2 lTC per day? Is my card now worthless?
Code:
expectedLTC = 0.0037%*34560*50
expectedLTC = 1.281328785*50
expectedLTC = 64.06643927
expectedLTC = 1.281328785*50
expectedLTC = 64.06643927
That doesn't seem right... What am I missing?
You will get only about that 1.281328785 coins per day. You can't multiply by that 50 twice...
my calculation was for LTC, but point taken nonetheless
I know, but he's calculating LTC/USD by going LTC/BTC, BTC/USD.
ah that makes sense, thanks for clearing that up
On https://coinotron.com/ you can see, what is the best profitable 
my calculation was for LTC, but point taken nonetheless
I know, but he's calculating LTC/USD by going LTC/BTC, BTC/USD.
my calculation was for LTC, but point taken nonetheless
3 x 7950s = 1800 kh/s which is $584.92 / month according to the table at http://dustcoin.com/mining
seems profitable to me, am I missing something?
seems profitable to me, am I missing something?
Careful... at this very moment, DustCoin is using the Mt. Gox figure for BTC ($123.40), which is frozen since they halted trading. BTC-e has it at $84, Vircurex at around $90.
(still, that's closer to $426.60, which isn't awful)
3 x 7950s = 1800 kh/s which is $584.92 / month according to the table at http://dustcoin.com/mining
seems profitable to me, am I missing something?
seems profitable to me, am I missing something?
What's the general forumla for LTC/day as a solo miner?
My naive guess:
Plugging in values...
That doesn't seem right... What am I missing?
My naive guess:
Code:
probability = my hashrate/network hashrate
blocksPerDay = (60min/average block time in minutes)*60*24
expectedLTC = probability*blockdPerDay*reward
blocksPerDay = (60min/average block time in minutes)*60*24
expectedLTC = probability*blockdPerDay*reward
Plugging in values...
Code:
prob = ~350kh/s / 9,440,200 kh/s
prob = 0.0037%
blocksPerDay = (60/2.5)*60*24
blocksPerDay = 34560
expectedLTC = 0.0037%*34560*50
expectedLTC = 1.281328785*50
expectedLTC = 64.06643927
prob = 0.0037%
blocksPerDay = (60/2.5)*60*24
blocksPerDay = 34560
expectedLTC = 0.0037%*34560*50
expectedLTC = 1.281328785*50
expectedLTC = 64.06643927
That doesn't seem right... What am I missing?
Is LTC mining still profitable?
Does one HD7850 make $?
I mining with single 7850. On current difficulty i obtain ~2 LTC per day (notice, diff is growing fast over time). At BTC-e pair BTC/LTC is 0.02 now, LTC/USD 1.77. Not much. You can check profitability of any cryptocurrency here btw http://dustcoin.com/miningDoes one HD7850 make $?
do you mine alone or in a pool?
Is LTC mining still profitable?
Does one HD7850 make $?
In general, LTC mining is more profitable, but it consumes more resourses (CPU, RAM) and energy. Does one HD7850 make $?
Is LTC mining still profitable?
Does one HD7850 make $?
I mining with single 7850. On current difficulty i obtain ~2 LTC per day (notice, diff is growing fast over time). At BTC-e pair BTC/LTC is 0.02 now, LTC/USD 1.77. Not much. You can check profitability of any cryptocurrency here btw http://dustcoin.com/mining Does one HD7850 make $?
Is LTC mining still profitable?
Does one HD7850 make $?
Does one HD7850 make $?
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