Topic: Mining Litecoin (Read 138 times)

First of all: if you want "good" answers to your questions, ask them in the correct subforum... This subforum is meanth for bitcoin mining questions... If you have a question about altcoin mining, you should post it in the altcoin mining subforum.

Other than that: since the first scrypt asic's hit the market many years ago, it has been a bad idear to mine LTC using a CPU/GPU (like an AWS server).

IF you want to make a profit mining LTC, look out for the most efficient, most sturdy and  price/quality most interesting scrypt ASIC, then calculate wether or not you can run it profitably (with your electricity price, import duties,...)

This was the first hit i found on google: https://www.buybitcoinworldwide.com/litecoin/mining-hardware/
I have no idear if the list is any good tough... Like i said: if you want altcoin mining advice, please post in the altcoin mining subforum

EDIT: just a quick proof of my statement:
The antminer L3+ (https://shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm) hashes at 504 Mh/s with a power draw of 900 Watt, and a price of ~$1500

Compared to GPU mining: https://gist.github.com/epixoip/a83d38f412b4737e99bbef804a270c40 says a very good GPU runs at 0.4 Mh/s.
http://www.tomshardware.com/reviews/nvidia-geforce-gtx-1080-pascal,4572-10.html says the average power consumption is ~200 Watt, mining makes your GPU run at 100%, so the power consuption will likely be higher...

So, you'd basically need over 1000 high end GPU's to deliver the same hashrate as a single L3+.
1000 GPU's would draw 1000 x 200 Watt = 200 Kw (compared to 0.9 Kw for the L3+)
1000 GPU's would cost 1000 x $600 = $600.000 (compared to $1500 for the L3+)

I didn't do the complete calculations for CPU mining, but i can pretty much guarantee the results would be even more devestating than the GPU comparison.

Bottom line: people running these ASIC's are pushing the diff sky high... You can't compete with an AWS server.

Hi All,

Does anyone have experience of mining Litecoin since the price has soared. I was looking at Amazon AWS Servers but the profitability was outweighed by the costs.

That was however when Litecoin was $40 each.

Would be interested to know if there are any recent test bench results?

Thanks,

Mark