Bitcoin Forum
May 24, 2024, 12:10:31 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Mining litecoin with usb miners  (Read 795 times)
Leeke
Member
**
Offline Offline

Activity: 151
Merit: 11

Website link - Bitcoin Unicorn


View Profile WWW
December 02, 2017, 12:44:12 AM
 #21

Honestly - if you don't have money to upgrade to a mid-range cpu/gpu set-up - i wouldn't consider try using a gridseed or usb miner as an alternative.

You will actually get more from coinpot's faucets per day (one claim per day for each of their 5 coins is all u need to do), than from trying to mine on equipment with such low hashing output compared with current tech outputs. The litecoin faucet itself would return more than ur gridseed/usb miner can return. And trying to keep your miner connected to a pool that will mostly want to ignore your small hashpower will be another thing you'll have to deal with.

The other issue will be the cashout period. Because litecoin dificulty is so high - you only get rewarded a when the block is solved by a pool and this takes days depending on the pool you mine with, and because your hashing power is low you won't get a huge reward so it will take many more days to receive enough litecoin to get above the minimum withdrawal level...

If you just want to mine solely for the lolz etc yes you can - but its going to take awhile to generate any return.

If you want to get in on some mining action - invesitgate your options for ETN mining if you havent already Smiley


Eidelweis flower
Newbie
*
Offline Offline

Activity: 266
Merit: 0


View Profile
December 02, 2017, 02:31:10 AM
 #22

yes, of course you can. especially if mining will generate a large income. but if you want mining better looking for other altcoin alone that the price is higher than litecoin in order to gain a big profit.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!