Bitcoin Forum

Title says it all.

From what I've seen bitcoin mining is much easier to set up and get it working, while litecoin mining is much more underdeveloped, especially for GPUs.

Is it still more profitable than bitcoin mining like it once was? Or should I stick with bitcoins?

 So far Bitcoin for gpus is a little more profitable. Can't say about cpus, not mining on them.

nice try

http://coinotron.com/

Coinotron isn't counting in all the chains one can merged-mine alongside bitcoin though by the look of it.

-MarkM-

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  ::)

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.

I guess I'll stick with bitcoin as not to jeopardize that guy's profitability on his litecoin.

 ;D

hahaha

 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.

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.

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?

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?

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

-MarkM-

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

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.

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.

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.

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.

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.

I have updated average hashrates used in our calculations.
https://bitcointalk.org/index.php?topic=49182.msg1239109 (https://bitcointalk.org/index.php?topic=49182.msg1239109)

Currently LTC is 1.15 times more profitable than BTC.

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

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

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

Yes! that's the one. Thanks!

howbout now? litecoin difficulty shootup from 13 to 22!

where is the calculator for next litecoin difficulty?

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