newbie post, is it practical buying mining hardware for litecoin?

boxofspuds

newbie

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Quote from: nikoluki on December 15, 2013, 10:46:06 PM

this is my newbie post.
btw it is very restricted and hard to get bitcoin's in Israel.

i would say ... I'm not sure at this point.

you can try one of the mining profit calcs
http://dustcoin.com/
https://www.litecoinpool.org/calc
http://bitcoinwisdom.com/litecoin/calculator

all depends on what you can get your hands on, how much it sets you back, how much your electricity costs, etc.

Hypothetically, let's say a truck load of 79xx gpus falls off the back of a truck into your lap and you dont pay electricity. Profit!

Anything else is pretty much a toss up given the volatility of everything.

The other approach if you're interested in owning but not mining is to take the money you planned to buy hardware wth and invest it directly into LTC/BTC etc.

nikoluki

member

Activity: 81

Merit: 10

thanks!

juggs

newbie

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Merit: 0

The higher end AMD GPUs (7850, 7870, 7950, R9 270X, R9 280X) are proving profitable at the moment with an ROI of around about 1 month or so depending on your electricity costs.

But the recent surge in popularity of Litecoin mining is driving the difficulty up more rapidly - whether the relative value of Litecoin to fiat currency can keep that same ROI level is anyone's guess.

As for how practical it is for you - only you can answer that, how easy is it to obtain AMD GPUs and high wattage power supplies in Israel?

This page shows the reported mining ability of the various AMD cards (in KH/s):
https://litecoin.info/Mining_hardware_comparison#AMD_.28ATI.29

Then use one of the many online Litecoin > currency calculators to work out what is or is not profitable for you.

nikoluki

member

Activity: 81

Merit: 10

this is my newbie post.
btw it is very restricted and hard to get bitcoin's in Israel.

Topic: newbie post, is it practical buying mining hardware for litecoin? (Read 973 times)