Bitcoin Forum

So i put all the info into a calculator to mine litecoin and it says i will make 680$ a month with .16cent $ power. Is this true or am i not calculating something into it.

I'm still a noob, but from my research before choosing an equipment.

That's because they haven't shipped the other batches. Which are due the next month, and the one following after that. People who have it are selling it for over 5K.

But yes, if you have one right now, or have someone that may sell it to a decent price , you're getting big profit. But as soon as the rest join it will go down drastically.

As difficulty increases, profits will go down and continue to drop over time.

Since Bitmain is pre-ordering these +3 months ahead right now, you can pretty much guarantee that the profits you calculate today will be less than 33% of that by the time you get your L3+ unless the LTC price goes up accordingly.

This is the gamble and the decision of every miner to decide what is acceptable risk when making a purchasing play for mining.

If you can get your hands on an L3+ for $3000 or less, you might be able to break even in 4-6 months if you are lucky and profit from there.

If I was buying right now and had $3k to spend, I'd build a GPU rig first.

Best to just go to Hashnest if you want anything near ROI. Difficult will skyrocket before August and rewards will drop like a stone. There's a reason behind why people are paying thousands over Bitmain prices for L3+s. I am honestly quite surprised people are still buying up these units so fast when after a little while GPUs will become more profitable again.