Bitcoin Forum
December 12, 2017, 10:48:31 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
  Home Help Search Donate Login Register  
  Show Posts
Pages: [1]
1  Other / Beginners & Help / New LTC Miner here- building a rig on: December 16, 2013, 06:07:49 PM
Hello BTC community!  I sort of got into BTC and Alt coins late and really started researching them about a week ago after seeing them become more prevalent in the Poker community.  Unfortunately, I can see from the little research I've done that I am too late to profitably mine for BTC.  However, it does seem like there is a small opportunity window to get into LTC GPU mining right away.  I would like to get into it ASAP and try to convert some of my mined LTC over to BTC for both value and diversity.

I've seen several plans for LTC mining rigs ranging from 4-6 GPU's and I plan to get started on building mine right after christmas.  What I would like to do is build a miner with 1-2 GPU's just to get started, adding new GPU's every week or so as I generate more capital.  Can anyone tell me if this is feasible?  If I started mining in 3 weeks on a 1200 Kh/s machine which would eventually become ~3500 Kh/s, is it likely I could make a profit in 7-8 months time?  This is probably a question that has been asked a million times in different ways and I'm kind of just spewing thoughts here while introducing myself.

I have also seen some sites are going to be offering ASIC LTC miners soon.  I would like to be one of the early adopters of this hardware and view GPU mining as a temporary endeavor as I'm sure they will quickly become obsolete once ASIC's become available.  I have some background in electrical circuits, programming, etc. and have a BS in Electrical Engineering Technology, so I feel as though I will quickly be able to adopt the crypto currency lingo and learn how everything works.  Any information/suggestions are appreciated, or if you are in a similar situation, just say hi!
Pages: [1]
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!