Title: Mining Litecoin Post by: Howdoo on December 15, 2017, 10:29:58 AM Hi All,
Does anyone have experience of mining Litecoin since the price has soared. I was looking at Amazon AWS Servers but the profitability was outweighed by the costs. That was however when Litecoin was $40 each. Would be interested to know if there are any recent test bench results? Thanks, Mark Title: Re: Mining Litecoin Post by: mocacinno on December 15, 2017, 10:33:46 AM Hi All, Does anyone have experience of mining Litecoin since the price has soared. I was looking at Amazon AWS Servers but the profitability was outweighed by the costs. That was however when Litecoin was $40 each. Would be interested to know if there are any recent test bench results? Thanks, Mark First of all: if you want "good" answers to your questions, ask them in the correct subforum... This subforum is meanth for bitcoin mining questions... If you have a question about altcoin mining, you should post it in the altcoin mining subforum. Other than that: since the first scrypt asic's hit the market many years ago, it has been a bad idear to mine LTC using a CPU/GPU (like an AWS server). IF you want to make a profit mining LTC, look out for the most efficient, most sturdy and price/quality most interesting scrypt ASIC, then calculate wether or not you can run it profitably (with your electricity price, import duties,...) This was the first hit i found on google: https://www.buybitcoinworldwide.com/litecoin/mining-hardware/ I have no idear if the list is any good tough... Like i said: if you want altcoin mining advice, please post in the altcoin mining subforum ;) EDIT: just a quick proof of my statement: The antminer L3+ (https://shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm) hashes at 504 Mh/s with a power draw of 900 Watt, and a price of ~$1500 Compared to GPU mining: https://gist.github.com/epixoip/a83d38f412b4737e99bbef804a270c40 says a very good GPU runs at 0.4 Mh/s. http://www.tomshardware.com/reviews/nvidia-geforce-gtx-1080-pascal,4572-10.html says the average power consumption is ~200 Watt, mining makes your GPU run at 100%, so the power consuption will likely be higher... So, you'd basically need over 1000 high end GPU's to deliver the same hashrate as a single L3+. 1000 GPU's would draw 1000 x 200 Watt = 200 Kw (compared to 0.9 Kw for the L3+) 1000 GPU's would cost 1000 x $600 = $600.000 (compared to $1500 for the L3+) I didn't do the complete calculations for CPU mining, but i can pretty much guarantee the results would be even more devestating than the GPU comparison. Bottom line: people running these ASIC's are pushing the diff sky high... You can't compete with an AWS server. |