Which is currently more profitable, Bitcoin or Litecoin mining?

420

hero member

Activity: 756

Merit: 500

Quote from: meebs on October 14, 2012, 05:27:47 PM

Before the difficulty adjustment today LTC mining for immediate selling WAS FAR more profitable.

For example, on my rig with two 7770's... 390 khash or 440 mhash...

when difficulty was 16 it was about $2.05/day for LTC and $1.75/day for BTC.

Go back to when difficulty was 11 and you can see just how profitable it would have been.

But.. of course now that difficulty has gone up, immediate term mining is now favoring BTC in most cases, but if you feel that LTC/BTC is going to improve then you'd still want to mine LTC as if it goes up to .01 or .015 sometime then it be well worth the while to mine now (or even better to buy some coins).

I am curious what the BTC halfing/asics will do though.. it could get interesting or ugly.

at least two big swings (both ways) in bitcoin price if asic's hit this year

meebs

hero member

Activity: 616

Merit: 500

Before the difficulty adjustment today LTC mining for immediate selling WAS FAR more profitable.

For example, on my rig with two 7770's... 390 khash or 440 mhash...

when difficulty was 16 it was about $2.05/day for LTC and $1.75/day for BTC.

Go back to when difficulty was 11 and you can see just how profitable it would have been.

But.. of course now that difficulty has gone up, immediate term mining is now favoring BTC in most cases, but if you feel that LTC/BTC is going to improve then you'd still want to mine LTC as if it goes up to .01 or .015 sometime then it be well worth the while to mine now (or even better to buy some coins).

I am curious what the BTC halfing/asics will do though.. it could get interesting or ugly.

420

hero member

Activity: 756

Merit: 500

howbout now? litecoin difficulty shootup from 13 to 22!

where is the calculator for next litecoin difficulty?

purelithium

hero member

Activity: 504

Merit: 500

Yes! that's the one. Thanks!

Rubberduckie

legendary

Activity: 1442

Merit: 1000

Quote from: purelithium on October 06, 2012, 08:35:21 AM

I remember seeing a calculator that calculated both BTC and LTC on the same page, but I can't for the life of me remember who made it or where it was.

This shows hashrate for both: http://allchains.info/calc.html

purelithium

hero member

Activity: 504

Merit: 500

I remember seeing a calculator that calculated both BTC and LTC on the same page, but I can't for the life of me remember who made it or where it was.

meebs

hero member

Activity: 616

Merit: 500

step 1: put in your BTC hash rate into this calculator: http://www.alloscomp.com/bitcoin/calculator

step 2: put your LTC hash rate into this calculator: http://ltc.kattare.com/calc.php

step 3: find out which one is paying more per day.. make sure to recheck whenever difficulty changes (which happens every 3-4 days with LTC, every 14 with BTC).

currently litecoin is slightly more valuable AT CURRENT EXCHANGE RATES

coinotron

legendary

Activity: 1182

Merit: 1000

Quote from: BCMan on September 30, 2012, 10:08:28 PM

Quote from: ElectricMucus on September 30, 2012, 08:51:25 PM

OP asked about mining Litecoin, and that is about 1.4 times as profitable using AMD GPUs, so that particular post was particulary misleading.
And Litecoin will never be merged mined Roll Eyes

Coinotron stats is a BS. Calculate yourself, wheres more profit, for example my hardware 960 khash LC vs 1020 mhash BC. Who wins?

I have updated average hashrates used in our calculations.
https://bitcointalksearch.org/topic/m.1239109

Currently LTC is 1.15 times more profitable than BTC.

We don't take into account energy costs in our calculations.

obisunk

newbie

Activity: 23

Merit: 0

Quote from: bitcool on October 02, 2012, 06:02:23 AM

mine btc, exchange for LTC seem to be best strategy.

But if a lot people are doing it , it's an indication ltc is under valued, correct?

I think it just indicates people are interested in obtaining ltc by the cheapest means necessary. If everyone mined btc to buy ltc though, ltc will become a big target for attackers.

bitcool

legendary

Activity: 1441

Merit: 1000

Live and enjoy experiments

mine btc, exchange for LTC seem to be best strategy.

But if a lot people are doing it , it's an indication ltc is under valued, correct?

tacotime

legendary

Activity: 1484

Merit: 1005

Okay, I played around with it a bit tonight.

At 1.081 V on all cards, mem at 300 MHz, core at 1050 MHz, I get ~1620 MH/s on three 7950s at 180W / card.

At 0.931 V on all cards, mem at 1500 MHz, core at 900 MHz, I get ~1500 KH/s on three 7950s at 190W / card.

Heat produced by the two cards is about the same in both cases. Therefore, BTC mining uses 94.7% of the electricity while mining at 8% faster of a rate if you're comparing 1 KH/s to 1 MH/s. So, the damage isn't so bad so long as you undervolt and underclock your card. Beware overclocking/overvolting, as the heat generation with LTC (and subsequent inefficiency) seems to be pretty extreme.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: burnside on October 01, 2012, 02:28:38 AM

That means 38% more heat generation too. Thanks. That's good to know.

Yes, it's a 15C difference for my 7950s. It's funny 'cause I bought these cards to mne LTC with, but it's cheaper to mine BTC and buy LTC.

dust

hero member

Activity: 840

Merit: 1000

Quote from: smoothie on September 30, 2012, 11:09:11 PM

People think so short-term. Back in May of this year mining litecoins was "unprofitable" if you sold right away. But if you held for a few months you could have sold for 10 times more than if you sold right away.

Think longer-term in terms of profitability. Bitcoin did the same thing early on. It was mined at a loss. And now look at the price.

You would have been better off if you had mined bitcoins and immediately bought litecoins with them. It is best to mine the most profitable coin, and then trade for the coin you want to hold long term.

BCMan

hero member

Activity: 535

Merit: 500

Quote from: tacotime on October 01, 2012, 12:20:24 AM

Mining ltc takes 38% more power for me to mine than bitcoin, and so profitability is currently less than for bitcoin. Ignore coinotron, as it neglects cost of power.

With my setup energy consumption is a bit lower (same temp, just zero cpu usage), but thats not really matter because I pay 0.056$ per KW/h.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

That means 38% more heat generation too. Thanks. That's good to know.

markm

legendary

Activity: 2940

Merit: 1090

Litecoin is memory-intensive, whereas you can tune your GPU's memory clocks way way down for mining bitcoins.

-MarkM-

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: tacotime on October 01, 2012, 12:20:24 AM

Mining ltc takes 38% more power for me to mine than bitcoin, and so profitability is currently less than for bitcoin. Ignore coinotron, as it neglects cost of power.

I had no idea there was a power consumption difference. 38% is a pretty good spread. Any idea why that might be the case?

tacotime

legendary

Activity: 1484

Merit: 1005

Mining ltc takes 38% more power for me to mine than bitcoin, and so profitability is currently less than for bitcoin. Ignore coinotron, as it neglects cost of power.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: BCMan on September 30, 2012, 11:07:47 PM

Quote from: ElectricMucus on September 30, 2012, 10:36:57 PM

Quote from: BCMan on September 30, 2012, 10:08:28 PM

Quote from: ElectricMucus on September 30, 2012, 08:51:25 PM

OP asked about mining Litecoin, and that is about 1.4 times as profitable using AMD GPUs, so that particular post was particulary misleading.
And Litecoin will never be merged mined Roll Eyes

Coinotron stats is a BS. Calculate yourself, wheres more profit, for example my hardware 960 khash LC vs 1020 mhash BC. Who wins?

I can't see how raw Hashes/Second can be relevant to profitability.

OMG. facepalm.jpg Ok.
http://ltc.kattare.com/calc.php
960 khash = 87.0478 LTC PPS or 0.3421 ฿ per 24h

1020 mhash = 0.358 ฿ PPS per 24h
Understandable enough? Now go mine litecoins.

FYI I don't mine ATM. Mining is generally not profitable for me right now.

Now that's interesting how come the coinotron calculator is so far off?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

People think so short-term. Back in May of this year mining litecoins was "unprofitable" if you sold right away. But if you held for a few months you could have sold for 10 times more than if you sold right away.

Think longer-term in terms of profitability. Bitcoin did the same thing early on. It was mined at a loss. And now look at the price.

Topic: Which is currently more profitable, Bitcoin or Litecoin mining? (Read 28747 times)