Which is currently more profitable, Bitcoin or Litecoin mining?

[bitcool]

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]

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]

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.

[meebs]

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

[purelithium]

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.

[Rubberduckie]

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

[purelithium]

Yes! that's the one. Thanks!

[420]

howbout now? litecoin difficulty shootup from 13 to 22!

where is the calculator for next litecoin difficulty?

[meebs]

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.

[420]

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