Bitcoin mining vs Litecoin mining

[ryantc]

I observe CoinChoose and Dustcoin for a while and notice that LTC and NVC are usually on par with BTC or sometimes a little premium to BTC, their values are fairly stable ATM.

For other altercoins, they are jumping like clowns, you start to mine some coins show enormous profit and after coins are confirmed its profitability may plunge to only half of BTC, these coins get listed so soon and early adopters dump them once they are listed.

So,
if you want a "diversified portfolio" of coins go with BTC, LTC and NVC
if you want to speculate for enormous profit,  mine coins before they hit any exchange (risky, but yet profitable), it's late when you see it on CoinChoose or Dustcoin IMO

[fromheten]

Hi all,

I have currently just over 10k  Kh/s (LTC) and roughly the same for BTC ( 10 k MH/s ). All GPU based. What would you recommend I mine to yield the most profits?

Thank you.

Just do the math - there's a lof of bitcoin and litecoin calculators that even help you with it.

[cdog]

Personally I can easily see LTC at $10, whereas I dont see BTC at $350 anytime soon, maybe by the end of the year or 2014.

LTC could be $10 in a month or two, depending on what happens. I think BTC and LTC will go up in the wake of the collapse of Liberty Reserve. 

[pikeadz]

Personally I can easily see LTC at $10, whereas I dont see BTC at $350 anytime soon, maybe by the end of the year or 2014.

LTC could be $10 in a month or two, depending on what happens. I think BTC and LTC will go up in the wake of the collapse of Liberty Reserve. 

I can see LTC hitting $1 or $2 just as easily.  It's just more of a gamble than BTC

[HellDiverUK]

Litecoin is currently trading at 98% profitability hash for hash. Discounting the finnicky nature of litecoin mining, the higher power consumption and heat issues, you're still making less currently mining litecoin.

Strange that my machine runs cooler mining Litecoins than Bitcoins?

[frankenmint]

3 months later you guys were still wrong... I like the comment about dustcoin being 'too late'.   

Listen use your own feelings in the speculation here.  If you think that LTC price may jump even up to 10 dollars then I say spend at least 20% of your hashpower on LTC and the remainder on BTC.  As BTC becomes more difficult to mine...switch over to more LTC.  If you think there is a headstart on an alt-coin that you'd like say if you are a Pirate and you like Doubloons?  Make sure to try to mine em before they hit the dustcoin block. 

[CryptoCoinShops]

U gotta speculate to accumulate so they say. I would go with what you think could possibily make you some money whether its in a weeks time or 2 years time. I made the mistake of when bitcoins first came out thinking it would never go anywhere I was wrong I lost out ..You win some you loose some just like playing with stocks and shares keep an eye on early indications of what is going on in the cryptocoin market

[salfter]

Use Dustcoin.

It's great for comparing BTC to LTC, but I warn you against switching to a lesser known alt-coin. For example, Terracoin is said to be ~150% the price of BTC, but it is extremely volatile. It won't be like that for long.

That's why you use CryptoSwitcher to manage switching coins.  My Jalapeños mine BTC full-time, but my GPUs switch between several altcoins depending on what's most profitable at the time.  Sample output from one of my rigs:

Code:

<<< Round 770 >>>
time: 2013-07-08 09:18:50
getting data... done
comparing profitabilty...
------------------------------------
    Bitcoin: 103  (fee:  1, src: cc)
     Bitbar: 141  (fee:  3, src: cc)
 Phenixcoin: 154  (fee:  1, src: cc)
   Freicoin:  81  (fee:  5, src: cc)
    BBQCoin: 176  (fee:  0, src: cc)
FeatherCoin: 167  (fee:  2, src: cc)
DigitalCoin: 113  (fee:  0, src: cc)
  Worldcoin: 127  (fee:  1, src: cc)
   Litecoin: 162  (fee:  2, src: cc)
   NameCoin:   3  (fee:  0, src: cc)
------------------------------------
=> Best: 176, mining BBQCoin

#          BTC     BTB     PXC    FRC     BQC     FTC    DGC    WDC     LTC
# Median:    0 |   162 |   219 |    0 |   178 |   193 |    0 |    0 |   162
# Time:   0:00 | 47:20 | 24:20 | 0:00 | 10:10 | 23:50 | 0:00 | 0:00 | 22:40
# Total Median:  180
# Total Time: 128:20

As you can see from the time stats toward the bottom, it's spent most of its time mining Bitbar, followed by Phenixcoin, Feathercoin, Litecoin, and BBQcoin.

[sikman]

dammm, that is a good idea using CryptoSwitcher, I've never seen it before and might give it a try to stay ahead and maximise my ROI with my 12 GPU's I got minig only LTC

[FreedomCoin]

Rora what are your system specs?

[Oldie]

dammm, that is a good idea using CryptoSwitcher, I've never seen it before and might give it a try to stay ahead and maximise my ROI with my 12 GPU's I got minig only LTC

In order for that system to work as it indicates, you need to instantly trade the coins that you are mining for bitcoins on the exchange you are monitoring to achieve the % profit that you are trying to make.

If you are just accumulating the coins, your expected "profit" is not what you think it is.

Edit: there is also a pool that does the same thing:  https://www.multipool.in/