Bitcoin Forum

Litecoin is becoming popular than one expected. It has been one of the stable coin on the market. Current market condition has affected all coins including litecoins. With current market condition, do you think it is worth investing in litecoin?

Litecoin is characterized by a faster transaction confirmation time and increased storage efficiency. and I consider it worthy of a crypto currency. but I also think that mining is no longer popular

From your title it looks like you are asking is it worth mining litecoin. Then in the OP you ask is it worth investing in litecoin. Which one is it? I think it is certainly worth investing in litecoin especially considering the current situation with some institutional investments on the horizon. With regards to mining, it all depends on the electricity costs in your country and the initial costs to purchase ASIC equipment for LTC mining. You have to make the math on your own.

I think everything is worth doing
As long as you are dedicated to mining more litecoin as possible
Then it’s worth the effort

It’s not about today’s effort but future foresight
Remain steadfast always

I think this is a temporary market and the conditions and the situation. I still do not stop believing that the correction will end very soon. And we will enter the market with new forces and investments. Therefore, all look forward to.

With higher mining difficulty range and lower market price mining litecoin is not worthy at this time for the profitability rate is not good and it is much better to buy litecoin and hold it for long term investment which could have a sure profit.

i do not actually think taht mining is a good idea under any circumstances but a few years ago you would get more money

you can get a lot of money by pther ways  and i doubt that mining is the fastet and the best ways to do so

litecoin is the good coin to get but i do not consider mining as the hest way maybe you will find some other way to do it

You have to understand that if you are mining just because you want instant profits then you are most likely doing it wrong. When you mine coins like litecoin now that the coin is down you are actually mining the coins so you can hold them. At this point it might not seem like you are not making any money but with time you are going to end up making a lot of profit so the answer to your question is yes, it is worth mining

Litecoin is a great altcoin, but mining is going to be difficult. According to the current market situation, and the price of LTC, it will not be profitable. Or you can find a very cheap source of power. Cloud mining contracts are being stopped nowadays, because of the high electricity fees.

After Charlie Lee sold the LTCs in his hand, I think the LTC was a much better coin. First of all, it was one of the currencies closest to the decentralized structure.

First step, you must try to calculate how much hashpower that will you get after you have calculated it. It's really important to know how much hash power from your mining rig. And then try to visit cryptocompare calculator to calculate how much profit if you are try to mine use your mining rig and finally take your own conclusion.

It is always worth it to mine coins, the thing about mining is that there is never a stop to the coins that you are getting so you are always making money from the coins. You just have to make sure that the coins that you are mining are kept in a safe place and once the market goes back into a bull you are sure to be making a lot of money from it.

It belongs to the mainstream encryption currency. In the mainstream market. It's with BTC. ETH. XRP and so on can be worth investing. Especially in the current market environment is not good. Valuable coins is worth investing in.

I can say that after a sharp jump in this cryptocurrency. It is worth waiting for a temporary decline, correction. Therefore, given the technical characteristics of Litecoin cryptocurrency, it is not worth counting on its strong growth in 2018. We will wait for the revival and growth in 2019.

As the entire market looks volatile I suggest not to do mining as none of the coins will give you profit also you need to invest a lot of money for mining. Yes that's correct we cannot even afford the electricity bill as it will be higher than normal bill.

Basically, you could make the argument that if your electricity costs are below what your litecoin mining yields, then it is worth it.  You would have to make that calculation on your own, though, by comparing what you could sell your output for vs. what it costs to power your hardware.

Lol you can only determine how profit mine litecoin is after you have been creating a calculation based on how much your hashpower to mine it. If you have a lot of hashpower and it will be very profitable and it can be used as long term investment dude. try to understand about that.

Yes litecoin is good to mine but i will suggest you one thing, mine qnd keep qccumulating ltc and donot sell or cashout before ltc hits atleast 200 otherwise you will miss good profits.

It's pretty hard to that in mining you cannot make good profit now as the coin values are low. It could be good for long-term but at this moment if you are running mining kindly turn off to save your money.

Depends on what type of electricity you have but I still think it is definitely futile to mine litecoin when there are other stuff that can make you much more with the same equipment. For example if you mine litecoin with 1070's than you are making a loss even at 0.05 cents for electricity.

Whereas if you are mining ethereum than you are making a profit, still not a lot since mining became a very dangerous work with low prices however at least profiting is better than losing money even if the prices goes up in the future. You need stuff like antminers to mine litecoin now and they are not making that much anymore, they are sold for couple hundred bucks now.

Mining in develop or under develop country seem not viable, electricity is either too expensive or the scarcity of electricity. cheap electricity + stable internet connection is vital for mining facilities. its fun to build a mining rig, but the mining is not as rewarding as it sounds.

Right now, I don't think it is worth mining any coins at all, not just litecoin. The market condition is pretty bad, and mining at this point isn't really beneficial to any involved. Coupled with the fact that there are some things that you will have to put in place which are not so easy to get, to be able to mine these coins.

Do a little research first and find out how many people already mining Litecoin. If there is some big pools like in other mining spheres then you may try but it will take a lot and a lot of money to take your piece of cake in this one. If not then yes, you should try it if you have funds to do this.