Bitcoin Forum

Hi all,

I have currently just over 10k  Kh/s (LTC) and roughly the same for BTC ( 10 k MH/s ). All GPU based. What would you recommend I mine to yield the most profits?

Thank you.

No offence but I'm surprised you have 10 gigahashes and do not know the answer to this question. Are you asking hypothetically?

Its currently mining litecoin... I have been considering swapping over to Bitcoin. I am simply looking for opinions.

Gigahashes?

The guy has mh/s!

If I were you, I would probably buy a new used GPU first. Probably not worth it mining with what you have now.

10000 KH/s LTC
10000 MH/s BTC

Roughly.

Diversity is always good. If you're unsure, I'd do half litecoins half bitcoins. I have 3 cards and am currently using 2 for mining bitcoin and 1 for mining litecoin. I want to get some bitcoins with my gpus before the difficulty gets too high.

Your profit margin is MUCh greater with litecoin. Don't bother with mining bitcoins, only ASICS can make money on mining bitcoins these days.

Welcome to the world of uninformed opinion.

Over in the world of data based information:


Litecoin is currently trading at 98% profitability hash for hash. Discounting the finnicky nature of litecoin mining, the higher power consumption and heat issues, you're still making less currently mining litecoin.

That said, since the two are roughly equivalent, there isn't that much difference, unless you are speculating on the future. Some people are bullish on litecoin, some are bearish. I myself would be bearish, but there's really not enough data to provide any kind of substantive answer.

Use Dustcoin (http://dustcoin.com/mining).

It's great for comparing BTC to LTC, but I warn you against switching to a lesser known alt-coin. For example, Terracoin is said to be ~150% the price of BTC, but it is extremely volatile. It won't be like that for long.

Oh. It seems I stand corrected. Although, isn't bitcoin mining going to take over a year on any sort of affordable GPU hardware to find a single block? Even if it's equally profitable? Whilist LTC will get you much more granulated blocks of profit for more immediate profit.

I normally don't bother mining Litecoin unless it's at least 10% more profitable than mining Bitcoin, which it is not at the moment.

You lose money to the exchange every time you swap one for the other, and Litecoin also uses more electricity to mine since you can't underclock GPU memory.

Also, it seems like a lot of people are hoarding LTC at the moment with the expectation that it will go up if and when LTC hits Mt. Gox. Mt Gox has so many other problems (Dwolla, Coinlab, and a slow unreliable trading platform) that it's hard to tell when they will add LTC support and what that will do to the price if it does hit a major exchange.

LTC price already spiked on the news that it would hit Mt. Gox, and has been retreating versus BTC ever since. I suspect a lot of people will dump LTC once it does hit Mt. Gox.

Is there any site that makes it easy to get Litecoin to Dwolla?  I looked a little bit couldn't find one. 

Ever hear of mining pools...?

... Oh.

Those numbers don't make any sense ... what hardware are you using?

I'm assuming it's multiple rigs.

It Is indeed.

well it looks like this with mining BTC @ 10000 Mh/s:

                Coins        Dollars
per Day      ฿0.41     $53.33
per Week    ฿2.90     $373.28
per Month   ฿12.58   $1,621.12

and with LTC @ 10000 Kh/s
                Coins              BTC              Dollars
per Day      LTC 16.85     ฿ 0.4042315   $ 52.01
per Week    LTC 117.95   ฿ 2.8296205   $ 364.06
per Month   LTC 505.5     ฿ 12.126945   $ 1560.25

Not a perfect calculation but it shows the numbers. Also consider that mining LTC uses more electricity and produces more heat and you pay a fee on the exchange for converting LTC to BTC and than to FIAT... you can do the math!

if you're willing to bet on LTC price increase then mine those... personally i'd go for LTC since i still can cash them out without converting to btc and at the same time wait for mtgox to adopt it...

i don't know if it's for real but they do seem to have ltc api in development...

http://data.mtgox.com/api/2/LTCUSD/money/ticker

http://www.coinchoose.com/

http://dustcoin.com/mining

I observe CoinChoose and Dustcoin for a while and notice that LTC and NVC are usually on par with BTC or sometimes a little premium to BTC, their values are fairly stable ATM.

For other altercoins, they are jumping like clowns, you start to mine some coins show enormous profit and after coins are confirmed its profitability may plunge to only half of BTC, these coins get listed so soon and early adopters dump them once they are listed.

So,
if you want a "diversified portfolio" of coins go with BTC, LTC and NVC
if you want to speculate for enormous profit,  mine coins before they hit any exchange (risky, but yet profitable), it's late when you see it on CoinChoose or Dustcoin IMO

Just do the math - there's a lof of bitcoin and litecoin calculators that even help you with it.

Personally I can easily see LTC at $10, whereas I dont see BTC at $350 anytime soon, maybe by the end of the year or 2014.

LTC could be $10 in a month or two, depending on what happens. I think BTC and LTC will go up in the wake of the collapse of Liberty Reserve. 

I can see LTC hitting $1 or $2 just as easily.  It's just more of a gamble than BTC

Strange that my machine runs cooler mining Litecoins than Bitcoins?

3 months later you guys were still wrong... I like the comment about dustcoin being 'too late'.   

Listen use your own feelings in the speculation here.  If you think that LTC price may jump even up to 10 dollars then I say spend at least 20% of your hashpower on LTC and the remainder on BTC.  As BTC becomes more difficult to mine...switch over to more LTC.  If you think there is a headstart on an alt-coin that you'd like say if you are a Pirate and you like Doubloons?  Make sure to try to mine em before they hit the dustcoin block. 

U gotta speculate to accumulate so they say. I would go with what you think could possibily make you some money whether its in a weeks time or 2 years time. I made the mistake of when bitcoins first came out thinking it would never go anywhere I was wrong I lost out ..You win some you loose some just like playing with stocks and shares keep an eye on early indications of what is going on in the cryptocoin market

That's why you use CryptoSwitcher (https://bitcointalk.org/index.php?topic=172121.0) to manage switching coins.  My Jalapeños mine BTC full-time, but my GPUs switch between several altcoins depending on what's most profitable at the time.  Sample output from one of my rigs:


As you can see from the time stats toward the bottom, it's spent most of its time mining Bitbar, followed by Phenixcoin, Feathercoin, Litecoin, and BBQcoin.

dammm, that is a good idea using CryptoSwitcher, I've never seen it before and might give it a try to stay ahead and maximise my ROI with my 12 GPU's I got minig only LTC

Rora what are your system specs?

In order for that system to work as it indicates, you need to instantly trade the coins that you are mining for bitcoins on the exchange you are monitoring to achieve the % profit that you are trying to make.

If you are just accumulating the coins, your expected "profit" is not what you think it is.

Edit: there is also a pool that does the same thing:  https://www.multipool.in/