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Gamesfreak13563 (OP)
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March 11, 2013, 01:18:41 AM |
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Is it a good investment to build new LTC mining rigs now, or is it only profitable if you already owned the rigs from bitcoin?
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Scratch
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Activity: 84
Merit: 10
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March 11, 2013, 01:32:07 AM |
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Some will say yes, some will say no. There's no firm way to tell, you have to speculate for yourself.
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Litecoin is the way forward. Dont go near it yet though, i want it all for me  |
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m3whiteknight
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Activity: 95
Merit: 10
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March 11, 2013, 01:33:27 AM |
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did you mine bitcoin before, if not then litecoin is so much harder to mine. You will be in a steep learning curve
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Gamesfreak13563 (OP)
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March 11, 2013, 01:44:35 AM |
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did you mine bitcoin before, if not then litecoin is so much harder to mine. You will be in a steep learning curve
I know how to mine, I was just wondering if its worth the cash to expand beyond my one machine. |
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weex
Legendary
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Activity: 1102
Merit: 1014
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March 11, 2013, 02:37:14 AM |
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Look at it this way, will you have to worry about FPGA or ASIC vastly decreasing your profitability in the future?
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thepwnorbpwnd
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March 11, 2013, 02:43:54 AM |
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Look at it this way, will you have to worry about FPGA or ASIC vastly decreasing your profitability in the future?
That's not the only factor, the way I look at it is everyone going to continue to have interest in litecoin? What if it drops along with bitcoin(it will, no doubt about it), then what? Sell of the ole GPU's and buy into asics when the wait lists are over? Time and time again, it's the same old story for mining, at least every second person is trying to strike it rich or make money off of mining. This IS the electronic american dream. |
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neotrix
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March 11, 2013, 02:51:52 AM |
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I think its still very profitable ltc being anti asic...
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hope2907
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March 11, 2013, 02:52:05 AM |
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in this situation, i can only tell you that higher risk higher return if you take risk invest on new rig
but if i were you, i won't take this risk @@
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tymm0
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March 11, 2013, 02:56:11 AM |
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I was a little late to the game getting serious about mining over the past year and a halfish. I knew there was going to be a short period of time I could mine btc but I figured once that was no good any more id move to ltc. I'm not sure about purchasing rigs and all that but if you have stuff or can get it cheap why not?? Everyone said asics would make people sell their gpus and while it made sense if you wanted to get an asic I just decided to keep going on my gpus and then switch to ltc when the time came. But It looks like people are getting that idea now...so the difficulty is cutting in to my profits but if the rate keeps going up that's fine I guess.
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KWH
Legendary
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Activity: 1904
Merit: 1045
In Collateral I Trust.
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March 11, 2013, 03:02:28 AM |
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did you mine bitcoin before, if not then litecoin is so much harder to mine. You will be in a steep learning curve
I had no problems with it. Why was it such a learning curve for you? |
When the subject of buying BTC with Paypal comes up, I often remember this:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
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baggyp
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Activity: 95
Merit: 10
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March 13, 2013, 02:02:59 AM |
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he was out in his backyard with a pickaxe for 3 days and didn't earn a single LTC?!
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