I don't recommend solo mining LTC unless you have a LOT more mining power than you have now (I run about 50% more hashrate than you do).
LTC on the other hand seems to be a lot MORE likely to achieve a positive RoI on existing gear than anything Bitcoin/SHA256 based has a PRAYER of, and for me at least is making about the same RIGHT NOW on an appx. equal investment in gear last summer (and Bitcoin diff increases have been tilting that RAPIDLY in LTC favor the last couple months).
20/20 hindsight I wish I'd bought A2s instead of my Bitcoin gear, the chance of RoI is looking MUCH better for the A2s....
Topic: LTC Solo? (Read 985 times)
I considered going out into wild with 2.5GH/s and did not. For reference you can go to litecoinpool.org (hasrate distribution) and see the strength of blocks found by a random address. There's a very few solo beasts out there.
Even when finding a block, after the block reward halving it's only 25 LTC. Compared to the costs for renting/power, I'm not sure if it is a big deal.
Not to compare with finding a BTC block (but probably as hard to reach for less profit).
You better join a pool that additionally merge mines Doge, VIA, Sys and uLTC for some extra profit.
Not to compare with finding a BTC block (but probably as hard to reach for less profit).
You better join a pool that additionally merge mines Doge, VIA, Sys and uLTC for some extra profit.
Not profitable. Even with multiple GHS, it's highly unlikely you'll get a block. I, myself rented 1 gh/s, and only mined two blocks, over the span of 2-3 months. What a ripoff.
Is it worth to solo mine BTC with 300mhs?
How is it compared to ghs in btc? Im pretty new to ltc i once mined it back in the days.
How is it compared to ghs in btc? Im pretty new to ltc i once mined it back in the days.
With your hashrate the expected rewards are 2.8 LTC aprox. Daily, You could better join to a pool.
I don't think it is profitable anymore. I rented some hash nicehash a few months ago and I did not get my initial hash rent back.
The reason to try it was a nice ad i saw for scrypt miners. But after this I dediced not to go through with my purchase.
The reason to try it was a nice ad i saw for scrypt miners. But after this I dediced not to go through with my purchase.
Litecoin's total hashrate is aroun 2 THs (Scrypt) (2000 ghs or 2 mil Mhs).
To try solo & get profit; you should have at least %1 of the total network hr, so 20 Ghs is the min for it. (Unless it won't be profitable.)
But if you feel lucky you can try with 300 mhs.
To try solo & get profit; you should have at least %1 of the total network hr, so 20 Ghs is the min for it. (Unless it won't be profitable.)
But if you feel lucky you can try with 300 mhs.
Yeah i rented about 2ghs but didnt found a block sadly.
Im mining for the last few hrs now in litecoinpool.org
i should have done this from the beginning
Somehow i like LTC way more than BTC.
Litecoin's total hashrate is aroun 2 THs (Scrypt) (2000 ghs or 2 mil Mhs).
To try solo & get profit; you should have at least %1 of the total network hr, so 20 Ghs is the min for it. (Unless it won't be profitable.)
But if you feel lucky you can try with 300 mhs.
To try solo & get profit; you should have at least %1 of the total network hr, so 20 Ghs is the min for it. (Unless it won't be profitable.)
But if you feel lucky you can try with 300 mhs.
Is it worth to solo mine BTC with 300mhs?
How is it compared to ghs in btc? Im pretty new to ltc i once mined it back in the days.
How is it compared to ghs in btc? Im pretty new to ltc i once mined it back in the days.
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