Litecoin Vs Bitcoin

[BitcoinIntern]

Hi Folks,

Why is the Litecoin machine i.e L3 significantly more expensive than the S9? Please suggest as I'm trying to understand. Thank you.

[Refozzblaze]

Hi Folks,

Why is the Litecoin machine i.e L3 significantly more expensive than the S9? Please suggest as I'm trying to understand. Thank you.

Did You Talking Avout Miners?
I Think You Post On Wrong Forum

[Tipstar]

Hi Folks,

Why is the Litecoin machine i.e L3 significantly more expensive than the S9? Please suggest as I'm trying to understand. Thank you.

The ASIC machines for SHA256 mining have come along a long time and with huge production and RD, reduced in price. While the the scrypt miners are new to the market with less supply than demand.

[BitcoinIntern]

I thought it's more expensive because it can mine other alt coins which are more profitable than Bitcoin... But that's not the case for the high price?

[leea-1334]

This has little to do with Litecoin itself or Bitcoin itself. The difference is just because of the mining algorithm. SCRYPT is somehow less in demand that SHA256 at the moment, so you are just suffering from lack of demand. You might find temporarily that you can mine more as difficulties are much less in Litecoin than Bitcoin now. You might end up making less if converting to fiat, but the idea for miners is to only sell enough to keep operating while holding for the future.

[BitcoinIntern]

Now that makes more sense. Thanks Leea