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Title: Mine LTC or Mine Multicoins? Post by: jekv2 on August 14, 2014, 12:21:18 PM At the moment.
If mining LTC and the price jumps in the future when you have quite a few of them, awesome. If mining multcoins converted to BTC, LTC jumps, your stuck with previously low mined BTC. What are you miners take on this? Title: Re: Mine LTC or Mine Multicoins? Post by: atsuky on August 14, 2014, 01:26:31 PM It depends on what are you looking for, if you want to try to get a short ROI without gambling, the best option imo is mine on multipool or new coins, if you want a bit of risk (if LTC never go up again), you can try to mine and hold LTC and when jumps up, getting a huge profit, but all with mining altcoins is just gambling or taking risk....
Title: Re: Mine LTC or Mine Multicoins? Post by: Bombadil on August 14, 2014, 03:02:12 PM At the moment. If mining LTC and the price jumps in the future when you have quite a few of them, awesome. If mining multcoins converted to BTC, LTC jumps, your stuck with previously low mined BTC. What are you miners take on this? If mining multicoins converted to BTC, and you buy LTC with those BTC, you're creating buy pressure making LTC more likely to move. Also, it depends on your hardware? Are you talking about Scrypt ASICs or GPUs? LTC is already one of the most profitable Scrypt coins, so just mine that directly if you only have ASICs if you believe LTC is gonna jump. If you have GPUs, please, mine something else. The competition of Scrypt ASICs for GPUs is way too high, and you can get more by multipooling X11, Quark, Nist5, whatever other algo than Scrypt (& sha256 :p ) and buy LTC with the profits you get from that. But just like atsuky said, it's all a (calculated) gamble ;) |