Is mining litecoin profitable

I whipped up a few spreadsheets to either justify my actions or remonstrate myself for wasting money.If you are a bit less risk averse with your investments and an interest in crypto-currency, take a look at these Australian guys making a Bitcoin mining ASIC device.Keep your current LTCs that you still have and come back in a couple years to see if it multiple in price.What else could I have done with the same resources and what would have been the result of that.Three Months as a Litecoin Farmer By. my plan with Litecoin mining was to amass as much computing power and mine as many coins. (at a BTC profit).Easier than mining Litecoin and more profitable than Litecoin faucets.In my previous Reckoner feature about Litecoin, I came to the conclusion that I had three options on the table at that stage of my experiment mining the crypto-currency.

Advanced Calculator - Bitcoin mining profitability calculator

As we stand right now, there are thousands of people just about to start in mining the coins and some will make immense profits within the next two years or so.Obviously you mine the most profitable coins and switch to other coins as they become more profitable.To redeem something out of the experience, I can at least share with you what I did wrong.Below are some statistics about the mining performance of various hardware used in a mining rig.Before you jump in, however, consider these factors to understand litecoin mining profitability.

Is Bitcoin Mining Profitable 2017? | Bitcoin News and Updates

Posted on August 26, 2013 March 6, 2017 by Anthony Agius in Features.

How Profitable Is Bitcoin Mining in 2017? »

Due to the price growth, it is becoming more profitable to mine bitcoin cash than bitcoin. the mining profitability difference between the two blockchains is 8%.

You need to have some sort of edge (free hardware, or free electricity) to beat the difficulty.

Litecoin Price Prediction 2018: Is Litecoin Potential

Btw Bitcoin is also very interesting from a technical point of view.I know this is dinky when compared to the rigs Im hearing about but is it worth messing with.Ehsminer Litecoin Mining Systems to Outrace Chinese Offerings. mining is still profitable.

Bitcoin mining is about to become a lot less profitable April 26. A Bitcoin.Genesis Mining Bitcoin Contract is Considered The Most Profitable Cloud Mining Contract Today beside it is a Lifetime. ( litecoin ) lifetime contract with only 13.Even moreso than Bitcoin, with Litecoin the value is unstable and subject to crash at any moment.

HashRev – Trusted Profitable Bitcoin Cloud Mining Company?

Mining bitcoins and litecoins can be really profitable if done right and know how to set up a mining rig.

Litecoin mining most profitable mining — Steemit

Just keep mining ltc n amass an arsenal.if they ever hit 100 youll get your money back, look at btc.AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAhahahahahahah hahha HAHAHAH hAH AHA H.Over the course of a year, our 30x GPU Litecoin farm will use 73,634kWh of electricity.

LMFAO If you held it for 2 months you would of been so far into the profits you would of been having the best christmas of your life my friend.

Mining alt coins to increase profitability - Captiga

Check Check to see which are the most profitable coins to mine.How to Mine Litecoins. Steps. Part 1. Make sure to use a profit calculator to ensure that mining solo will make financial sense.

Home Bitcoin Mining Becomes Profitable Again With Price Hike

My dad is going to use 50 machines (minimal 32 gb ram each) from his work to mine (free gear and electricity basically).Find out how to earn with Bitcoin mining and estimate your profit.Mr Agius, get some reward for being brave enough to have a good-old-fashioned.If you do not want to purchase a bitcoin miner for home use.

Most Profitable CPU Coin List| Alt-coin Profits after 24

Mining profitability calculator Litecoin Uses current difficulty data and chooses exchange websites where you will be able to sell coins LTC with the best exchange rate.Litecoin Mining. Autotrading (Mining the most profitable coin at any time and trading it) is enabled for Bitcoin, Litecoin,.The same with bitcoin, those that invested so much lost it all and there are those that spent just as much, waited longer, and got 10000% return.I used a rig similar to yours, and with expensive power costs.Look at it in 4-5years time, then tell us if you have made a profit.

Second rule, the more money you invest, the longer you need to hedge your bets for.Everyone is able to mine crypto currencies but with the rising difficulty on the major crypto coins it is getting harder to create a decent profit on lower hash rates.Solar panels that output 10kW will be able to supply all the power we need.