Topic: Noob Question - Am I Mining? lol (Read 1400 times)
Not a problem, Good luck.
Those are my real numbers, you are right I spend alot of hours at first watching price swings and how Btc effects the Price of Ltc. I would call myself a penny collector. My normal routine is checkin the price of Ltc when I plan to start trading I pay attention to the price swing for about an hour. Looking at the price fluctuations and placing sell and buy orders at the top and bottom of the price swing over that hour. Then just wait for orders to complete and repeat. Collecting 0.2 Ltc or 2-3 cents at a time.
Since prices vary so much overnight, i sell half the Ltc I have just to keep some USD available incase the price drops so I can buy more Ltc.
I never worry about the price of Litecoins at a given time. I only focus on the Price difference over a 1 hour.
I play safe, I could wait for higher price increases but I am a instant(almost) gratification guy.
Since prices vary so much overnight, i sell half the Ltc I have just to keep some USD available incase the price drops so I can buy more Ltc.
I never worry about the price of Litecoins at a given time. I only focus on the Price difference over a 1 hour.
I play safe, I could wait for higher price increases but I am a instant(almost) gratification guy.
Very cool, i might take some of those tips into consideration when i play the markets a bit too =) thank you for the detail, it's much appreciated.
Yes..really slowly
Those are my real numbers, you are right I spend alot of hours at first watching price swings and how Btc effects the Price of Ltc. I would call myself a penny collector. My normal routine is checkin the price of Ltc when I plan to start trading I pay attention to the price swing for about an hour. Looking at the price fluctuations and placing sell and buy orders at the top and bottom of the price swing over that hour. Then just wait for orders to complete and repeat. Collecting 0.2 Ltc or 2-3 cents at a time.
Since prices vary so much overnight, i sell half the Ltc I have just to keep some USD available incase the price drops so I can buy more Ltc.
I never worry about the price of Litecoins at a given time. I only focus on the Price difference over a 1 hour.
I play safe, I could wait for higher price increases but I am a instant(almost) gratification guy.
Since prices vary so much overnight, i sell half the Ltc I have just to keep some USD available incase the price drops so I can buy more Ltc.
I never worry about the price of Litecoins at a given time. I only focus on the Price difference over a 1 hour.
I play safe, I could wait for higher price increases but I am a instant(almost) gratification guy.
Yup your mining, I Cpu mine at ~23kh, 444kh is a whole lot better than what im doin.
Keep going, it wont hurt anything, you wont be rich from it but its fun to use an Exchange to multiply or coin or trade for other cryptocoin.
I started about a months ago, I mined 0.20 Ltc and used Btc-E to trade it back and forth. As of yesterday I have turned it into 4.3 Ltc all while my Cpu miner is about to complete it first whole coin.
Keep going, it wont hurt anything, you wont be rich from it but its fun to use an Exchange to multiply or coin or trade for other cryptocoin.
I started about a months ago, I mined 0.20 Ltc and used Btc-E to trade it back and forth. As of yesterday I have turned it into 4.3 Ltc all while my Cpu miner is about to complete it first whole coin.
Lol, that's actually rather amazing, you do realise you've technically made an absolute killing in terms of % profit. If you were cooking with actual numbers then you could have made a lot more. I've been tempted to try something similar as well in terms of slowly trading up, but i feel like it would involve too much time invested in constantly monitoring exchanges.
Yup your mining, I Cpu mine at ~23kh, 444kh is a whole lot better than what im doin.
Keep going, it wont hurt anything, you wont be rich from it but its fun to use an Exchange to multiply or coin or trade for other cryptocoin.
I started about a months ago, I mined 0.20 Ltc and used Btc-E to trade it back and forth. As of yesterday I have turned it into 4.3 Ltc all while my Cpu miner is about to complete it first whole coin.
Keep going, it wont hurt anything, you wont be rich from it but its fun to use an Exchange to multiply or coin or trade for other cryptocoin.
I started about a months ago, I mined 0.20 Ltc and used Btc-E to trade it back and forth. As of yesterday I have turned it into 4.3 Ltc all while my Cpu miner is about to complete it first whole coin.
I would recommend using CGminer instead of GUIminer. Many more tweaking options available and a potentially higher hashrate.
I think they're looking for advice, not an internet tough guy to crap on them. "my hash is bigger than yours"
Do you drive a lifted diesel truck with stack-pipes too?
444 khash/s 
I don't consider that as mining .... it's just electricity waste.
Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
I don't consider that as mining .... it's just electricity waste.Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
I think they're looking for advice, not an internet tough guy to crap on them. "my hash is bigger than yours"
Do you drive a lifted diesel truck with stack-pipes too?
you'd be better off setting up in 'lottery mode'
start solo mining, you'll never get anything but...there's the off chance to hit a block that is impossible to do with pooled mining.
at that level, it's just for fun anyway.
start solo mining, you'll never get anything but...there's the off chance to hit a block that is impossible to do with pooled mining.
at that level, it's just for fun anyway.
thanks for all the replies guys, I'm going carry on for now but hopefully get a machine worth while soon!
I have a machine with 2 6870's they get 450 or so not much but they have been reliable and found several blocks over time. i kinda like my cheap machine it never crashes and just keeps working n matter if the get hot or anything. They have paid for themselves so i just keep them going.
444 khash/s I don't consider that as mining .... it's just electricity waste.
Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
I don't consider that as mining .... it's just electricity waste.Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
Dont listen to that bullshit it is either worth it or not. If you arent using it for gaming use it to mine just keep it cool. I have 10 times as much hash as you and get close to 10 coins a day you should get close to 1. It could go to 20 a coin 20 times 365. It is worth it stick with it
thanks for all the replies guys, I'm going carry on for now but hopefully get a machine worth while soon!
yes you are
444 khash/s I don't consider that as mining .... it's just electricity waste.
Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
I don't consider that as mining .... it's just electricity waste.Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
Agreed, you are indeed mining but it isn't really worth it after the utility costs.
444 khash CPU mining is really worthless. And even if you have free electricity, you will f**k your laptop battery and maybe other hardware for pennies.
GPU and ASIC mining is only reasonable, with current mining difficulty, CPU mining is really worthless.
I have 500$ i7 CPU and it does like 800 khash, really not worth it.
GPU and ASIC mining is only reasonable, with current mining difficulty, CPU mining is really worthless.
I have 500$ i7 CPU and it does like 800 khash, really not worth it.
444 khash/s I don't consider that as mining .... it's just electricity waste.
Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
I don't consider that as mining .... it's just electricity waste.Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
I know my speeds are embarrassingly low on this laptop but when I am mining as much as I was when I was earning from clicking ads/from faucets I see it as semi reasonable lol - Still have a better PC to test out my speeds on though!
444 khash/s I don't consider that as mining .... it's just electricity waste.
Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
I don't consider that as mining .... it's just electricity waste.Even 444 Mhash would be nothing, penny business. You need several Ghash to get some reasonable income.
I mine more in day then you'll in years.
Is there potencial for LTC to rise in price? Is there LTC pool as good as btcguild?
On Mine-litecoin.com I think you just use your wallet receving addres & the other one i'm using is slush's which says I have (another time i was testing it) mined a little bit 
Might seem a bit daft but you do have accounts setup and working on the pools that you are connecting to?
pool-x.eu is good but it has a 2.5 ltc limit.
pool-x.eu is good but it has a 2.5 ltc limit.
Hmm, I've connected to slush's pool and appear to have mined some there so I guess it does work some how?!
- I couldn't get my miner to connect to the two you mentioned but I'm happy enough if I am producing any results lol
Anyone else used mine-litecoin?
- I couldn't get my miner to connect to the two you mentioned but I'm happy enough if I am producing any results lol
Anyone else used mine-litecoin?
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