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Title: is it better to mine or just buy LTC? Post by: AussieBTC on December 06, 2013, 11:41:23 AM Hi There, I would like to buy around 150 LTC, and not sure if its better to buy some mining rig and mine for the same amount, or just buy them? How long will it take to mine LTC and what hardware to buy to mine at least 2-3 LTC a day? Title: Re: is it better to mine or just buy LTC? Post by: GillyPony on December 06, 2013, 12:05:51 PM Electricity in Australia is very expensive...
If anything was profitable you would require a set of 7970s along with a new PSU, motherboard and more... It might not be worthwhile mining with a gpu considering scrypt asics are coming out soon. I hope someone else will chime in on the discussion. Title: Re: is it better to mine or just buy LTC? Post by: LiteCoinGuy on December 06, 2013, 12:50:09 PM do both ;-)
here is a short instruction: http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-hardware/ Title: Re: is it better to mine or just buy LTC? Post by: thejepper on December 06, 2013, 01:01:21 PM Mining takes a long time to get a significant amount of coins.
If you trust the market you can buy now while the price and difficulty is still low. Mining is fun, if you go for profit though you should just buy. Title: Re: is it better to mine or just buy LTC? Post by: hilariousandco on December 06, 2013, 01:37:54 PM Hi There, I would like to buy around 150 LTC, and not sure if its better to buy some mining rig and mine for the same amount, or just buy them? How long will it take to mine LTC and what hardware to buy to mine at least 2-3 LTC a day? Just buy the LTC. At least they will probably rise in price, so it's a quicker and safer investment rather than investing in expensive mining equipment. Plus you have the energy costs to factor in. Title: Re: is it better to mine or just buy LTC? Post by: kokett on December 06, 2013, 02:03:43 PM I guess it depends on the computing resources which are available to you.
Title: Re: is it better to mine or just buy LTC? Post by: Stinky_Pete on December 06, 2013, 02:06:12 PM Define "better". You haven't told us what you intend to do with your coins. If you need them next week, then buying is better.
Title: Re: is it better to mine or just buy LTC? Post by: Amph on December 06, 2013, 02:11:04 PM lol mining is profitable, if you sell at this current price
with 2mh/s(2-3 cards) you will extract 1 ltc per days, that's 30 dollar per day, i doubt you electricity is 900 dollar in just one month, with just 2-3 cards and ltc isn't even the most profitable |