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Which is currently more profitable, Bitcoin or Litecoin mining?
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Topic: Which is currently more profitable, Bitcoin or Litecoin mining? (Read 28720 times)
bitcool
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Live and enjoy experiments
Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 02, 2012, 11:02:23 AM
#21
mine btc, exchange for LTC seem to be best strategy.
But if a lot people are doing it , it's an indication ltc is under valued, correct?
obisunk
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 02, 2012, 01:35:30 PM
#22
Quote from: bitcool on October 02, 2012, 11:02:23 AM
mine btc, exchange for LTC seem to be best strategy.
But if a lot people are doing it , it's an indication ltc is under valued, correct?
I think it just indicates people are interested in obtaining ltc by the cheapest means necessary. If everyone mined btc to buy ltc though, ltc will become a big target for attackers.
coinotron
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 02, 2012, 02:20:17 PM
#23
Quote from: BCMan on October 01, 2012, 03:08:28 AM
Quote from: ElectricMucus on October 01, 2012, 01:51:25 AM
OP asked about mining Litecoin, and that is about 1.4 times as profitable using AMD GPUs, so that particular post was particulary misleading.
And Litecoin will never be merged mined
Coinotron stats is a BS. Calculate yourself, wheres more profit, for example my hardware 960 khash LC vs 1020 mhash BC. Who wins?
I have updated average hashrates used in our calculations.
https://bitcointalk.org/index.php?topic=49182.msg1239109
Currently LTC is 1.15 times more profitable than BTC.
We don't take into account energy costs in our calculations.
Try
https://coinotron.com
meebs
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 02, 2012, 11:31:56 PM
#24
step 1: put in your BTC hash rate into this calculator:
http://www.alloscomp.com/bitcoin/calculator
step 2: put your LTC hash rate into this calculator:
http://ltc.kattare.com/calc.php
step 3: find out which one is paying more per day.. make sure to recheck whenever difficulty changes (which happens every 3-4 days with LTC, every 14 with BTC).
currently litecoin is slightly more valuable AT CURRENT EXCHANGE RATES
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purelithium
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 06, 2012, 01:35:21 PM
#25
I remember seeing a calculator that calculated both BTC and LTC on the same page, but I can't for the life of me remember who made it or where it was.
Like my post? 1H7bfRYh7F89mfmFgsRCdn4awDaUHQmYqY
Rubberduckie
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 06, 2012, 08:03:43 PM
#26
Quote from: purelithium on October 06, 2012, 01:35:21 PM
I remember seeing a calculator that calculated both BTC and LTC on the same page, but I can't for the life of me remember who made it or where it was.
This shows hashrate for both:
http://allchains.info/calc.html
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purelithium
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 06, 2012, 09:37:02 PM
#27
Yes! that's the one. Thanks!
Like my post? 1H7bfRYh7F89mfmFgsRCdn4awDaUHQmYqY
420
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 14, 2012, 10:03:13 PM
#28
howbout now? litecoin difficulty shootup from 13 to 22!
where is the calculator for next litecoin difficulty?
Donations:
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the hacks, the hacks,
secure your bits!
meebs
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Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 14, 2012, 10:27:47 PM
#29
Before the difficulty adjustment today LTC mining for immediate selling WAS FAR more profitable.
For example, on my rig with two 7770's... 390 khash or 440 mhash...
when difficulty was 16 it was about $2.05/day for LTC and $1.75/day for BTC.
Go back to when difficulty was 11 and you can see just how profitable it would have been.
But.. of course now that difficulty has gone up, immediate term mining is now favoring BTC in most cases, but if you feel that LTC/BTC is going to improve then you'd still want to mine LTC as if it goes up to .01 or .015 sometime then it be well worth the while to mine now (or even better to buy some coins).
I am curious what the BTC halfing/asics will do though.. it could get interesting or ugly.
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▀▀▀█████████████▀▀▀
Global Cryptocurrency
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
•
•
DECENTRALISING
PRODUCTION, LOGISTICS
AND
PAYMENT
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
3D SERVICE
32 BAY
GCC WEBWALLET
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
•
•
C-CEX EXCHANGE
FACEBOOK
TWITTER
TELEGRAM
▬▬▬
MEDIUM
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420
Hero Member
Offline
Activity: 756
Merit: 500
Re: Which is currently more profitable, Bitcoin or Litecoin mining?
October 14, 2012, 10:34:46 PM
#30
Quote from: meebs on October 14, 2012, 10:27:47 PM
Before the difficulty adjustment today LTC mining for immediate selling WAS FAR more profitable.
For example, on my rig with two 7770's... 390 khash or 440 mhash...
when difficulty was 16 it was about $2.05/day for LTC and $1.75/day for BTC.
Go back to when difficulty was 11 and you can see just how profitable it would have been.
But.. of course now that difficulty has gone up, immediate term mining is now favoring BTC in most cases, but if you feel that LTC/BTC is going to improve then you'd still want to mine LTC as if it goes up to .01 or .015 sometime then it be well worth the while to mine now (or even better to buy some coins).
I am curious what the BTC halfing/asics will do though.. it could get interesting or ugly.
at least two big swings (both ways) in bitcoin price if asic's hit this year
Donations:
1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks,
secure your bits!
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