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Title: Is it still a good idea to start litecoin mining? Post by: pixel on April 03, 2013, 03:42:55 AM Title states it, is it a good idea? With these raising prices. (I don't pay electricity)
Title: Re: Is it still a good idea to start litecoin mining? Post by: goxed on April 03, 2013, 03:44:23 AM yes! whenever return time frame is around 3 - 6months it's very profitable.
Title: Re: Is it still a good idea to start litecoin mining? Post by: odolvlobo on April 03, 2013, 03:51:33 AM There is no one-size-fits-all answer. Pixel says yes, but he doesn't know anything about you, so he really doesn't know. You need to figure out the numbers for yourself. If you can't do that, then you shouldn't be mining because you need to know if you are making money or losing money as the situation changes.
Title: Re: Is it still a good idea to start litecoin mining? Post by: flound1129 on April 03, 2013, 04:20:39 AM There is no one-size-fits-all answer. Pixel says yes, but he doesn't know anything about you, so he really doesn't know. You need to figure out the numbers for yourself. If you can't do that, then you shouldn't be mining because you need to know if you are making money or losing money as the situation changes. Difficulty will skyrocket soon, you can't rely on current profitability ratios for any timeframe outside the next few days. |