 Show Posts
|
|
Pages: [1]
|
|
No, I don't have any idea how much effort it will take. What I do know is that the end result is brilliant. And that's what us three think should be replicated to Litecoin.
I'm fully aware that such decision is not mine to make, but I don't think I should shy away from highlighting where else BitMinter would be much appreciated.
|
|
|
|
This is the best mining client and pool i have used. No configuring, just mine away. I have a request: Add litecoin mining support  This ^ Have been a Bitminter user since Jan 2012 when there were maybe a couple of hundred workers total, to see it now at over 11k workers and a total pool hash rate of over 300 Thps is just amazing ! A Litecoin version would be awesome   Much respect and many thanks DrHaribo !! +1 When I started looking into cryptomining in this forum I reached the conclusion that BitMinter would be the best way for me to mine, especially at the beginning while I read more into the subject while the PC mined. Now that Bitcoin's difficulty pushed every GPU miner to Litecoin, I had to spend a couple of days investigating how to get CGMiner to use both my 6950s to the best of its ability, and also tweak the intensity of GPU 0 so that I can still use the PC (random browsing, youtube, facebook, farmville, etc.) at the same time the GPUs mine. I really think BitMinter's advanced GUI would be a great way for newcomers to get into Litecoins. |
|
|
|
Since Zealot seems to be concerned with profit, here's a personal example in favor of mining LTC over BTC right now using the calculator quoted above assuming no cost for electricity and no fees:
GTX 570
BTC:
Hashrate: ~140 MH/s
Coin Per Day: .008 BTC
Profit @ Current Price per day: $0.726
LTC:
Hashrate: 220 kH/s (0.220 MH/s)
Coin Per Day: .613012 LTC
Profit @ Current Price per day: $1.554
As you can see, mining LTC with a GPU is more profitable than BTC (right now at current market prices)
Thank you for that but in the mean time I was so frustrated by the "check the calculator" answer that I googled "litecoins MHs 6950" and eventually found out the MH/s value for my Radeon 6950 2GB. So I'd be doing 350 MH/s in Bitcoin and 0.42 MH/s in Litecoin. That would be $1.068 net profit for Bitcoin and $2.178 in Litecoin with electricity at 0.10 $/KWh. But here's the funny thing. I have two Radeon 6950 (I only used one in the calculator). And I think one of them doesn't crash with the 6970 bios. So when I hit 710 MH/s I hit parity. Except if my electricity cost in not higher. Because if it's 0.12 $/KWh then I still won't hit net profit parity with Litecoin. So what do you recommend me? |
|
|
|
How much longer until I can stop pressing F5?  |
|
|
|
BitMinter to take 1% fee - still most profitable of top 10 pools
BitMinter has been zero fee for a long time. Unfortunately this is not a sustainable way to run a pool because most miners set their donation to 0%.
We will be moving to a 1% fee on saturday 20th of april.
We are still the most profitable of the big pools, due to low fee, paying out namecoins (6% extra income), paying out income from transaction fees (1% to 2% extra income) and being safe from pool hopping.
What happens on the 20th of april:
- 1% mining fee takes effect (BTC and NMC)
- Prepay perk cost reduced to 1.5% (from 2%)
- Users with prepay on will have their donation reduced by 0.5%. Set it back up afterwards if you like.
- New users will have a 1.5% default donation (rather than 2%)
There will also be more perks coming, but I can't promise any timeframe on that.
Hi DrHaribo. Could you elaborate a bit more on the last point "New users will have a 1.5% default donation (rather than 2%)". Does this mean that it's cheaper for me to wait until the 20th before joining BitMinter? Source |
|
|
|
It's sad, you can buy perfect mining hardware for a few dolars but you pay a lot of money for use it. I'm form Argentina and i mine bitcoins and litecoins 24 hours for day with my 3 watercooled 7970s and a 6870 card and just pay like 20 dolar ever month...  Just sad... What do you pay 20 dollars for? Or do you mean you get paid 20 dollars every month? |
|
|
|
I wouldn't mine BTC in the case of only having access to a video card / cpu for mining. If you really want to mine, though, there are other currencies such as Litecoin (LTC) that offer more fulfilling mining opportunities for the average person.
This is what I don't understand. What do you mean by "fulfilling"? Shouldn't it be a matter of net profit? How much you make in your pocket at the end of the month, quarter, year? Please, enlighten me, how much money will I be making per quarter in Litecoin vs Bitcoin? Since everybody's mileage may vary, I would suggest using a profitability calculator. There are plenty of open ones available here on the forum, as well as ones like the one on bitcoinx. There are also calculators that compare different crypto currencies, etc. But why would I even need them? It should just be a matter of the currencies having a stable parity. Like EUR/USD being on parity with CHF/USD (Swiss Franc) and EUR/CHF because otherwise people would exploit one of them. In virtual coins terms it should mean that if there are too many people converting Litecoins to Bitcoins then Litecoins would devalue against Bitcoins. |
|
|
|
I wouldn't mine BTC in the case of only having access to a video card / cpu for mining. If you really want to mine, though, there are other currencies such as Litecoin (LTC) that offer more fulfilling mining opportunities for the average person.
This is what I don't understand. What do you mean by "fulfilling"? Shouldn't it be a matter of net profit? How much you make in your pocket at the end of the month, quarter, year? Please, enlighten me, how much money will I be making per quarter in Litecoin vs Bitcoin? |
|
|
|
|
