Which is the best way to mine litecoin

[mailsforcyr]

Hi Everyone, I am new to BTC. I am Interested to mine bitcoins. but i have a confusion like physical is better or cloud. i have some challenges and i will list down here.
1) Physical BTC Mining: in my area electricity is very costly,i dont have any knowledge on how to do physical setup for bitcoin mining.
2) cloud mining: i dont know which site is good, profitable and more trust able.
3) I saw some gaming sites those are gabling sites i cant say i will get 100% if i invest.
4) i saw some other ad displaying sites which pays BTC if we see ads. Here they are paying very less money.

Guys Please give me your suggestions To earn BTC.

[ethereumhunter]

if you have money, maybe you can buy bitcoin for first and saving into your wallet, don't spend in other investment programs because until now many investments programs are ready to run with your money. for cloud mining, i think you can trying to visit with hashnest, pow88, eobot, genesis, hashflare but for two last site, i don't know how worth your investment on their site.

if you electricity is very costly, then i suggest you don't have to mining bitcoin because its not profitable. for gambling site, you can choose many recommended site which is on here and you can start to make investment with them. for the last question, you should have a website that have many visitor so the ads will be convert with good.

[mailsforcyr]

Thank you

[sotirispngt]

Bitcoin and litecoin mining isn't profitable in my opinion. The electricity costs much.

[Hixad52]

Hi Everyone, I am new to BTC. I am Interested to mine bitcoins. but i have a confusion like physical is better or cloud. i have some challenges and i will list down here.
1) Physical BTC Mining: in my area electricity is very costly,i dont have any knowledge on how to do physical setup for bitcoin mining.
2) cloud mining: i dont know which site is good, profitable and more trust able.
3) I saw some gaming sites those are gabling sites i cant say i will get 100% if i invest.
4) i saw some other ad displaying sites which pays BTC if we see ads. Here they are paying very less money.

Guys Please give me your suggestions To earn BTC.

In my view, You can buy BTC for storage. That is good investment now.
The BTC price is rising highly and maybe You can get 50-100% profit in the year of 2017 and 2018.
Do not buy cloudmining or you never get your fund back and will be scammed.

[isoneguy]

If you don't have cheap electricity (less than 5 cents a kw/h) then your best bet would be to do 1 of 2 things:

1. buy bitcoin and hold it. You'll thank me when btc hits 100k ea.

2. set up a gpu rig and mine altcoins using nicehash.

gpu mining efficiency is about the same as an s9 and your gear would be incrementally cheaper...and experiences less deprecation.

The only cloud mining company that I haven't lost money using is hashnest.

[mailsforcyr]

Hi Thanks but Kindly let me know how can mine the lit coins 6 GPU Litecoin Mining Rig

[Tmdz]

Hi Thanks but Kindly let me know how can mine the lit coins 6 GPU Litecoin Mining Rig

humm litecoin

The first thing you need is a time machine, maybe Mr.Peabody will let you use his.

If thats a no go then you can mine Zcash, Ethereum, Monero they are the top 3.

[QuintLeo]

Litecoin (and any other Scrypt-based coin) has been UNPROFITABLE to mine for GPU-based rigs for ballpark 3 years now.
ASIC took them over and are now in what is arguable the 3'd generation for ASIC units (Innosilicon A4).
2'nd gen ASIC (KNC Titan, Innosilicon A2, Alcheminer and it's private-label varients like the MAT) are still profitable though if you have fairly low cost electric.


 For a GPU based rig, depending on the specific GPUs, the "basket" of ETH / ZEC / XMR / varients on those coins is going to be the way to make any money at this time.


 Cloud mining is generally a loss for the user - the company has to charge you more than THEY make doing the actual mining or THEY lose money after all.

 I've actually made money on mining contracts through NiceHash, but the profits at BEST are very small, and you've got to be VERY carefull to watch out for all the fees involved and watch market pricing VERY closely and even then sometimes there is no room to make anything.

 Up side for me on the contracts I've done - the contract itself might be barely better than break-even, but I've got enough hardware hashpower pointed at Nicehash that I help increase my profitability on THAT enough by putting a "floor" under the price I get paid for THAT work that I end up making more THERE.

[ioanbtc]

I want to buy Asic for mining LTC. Is enough 500$?

[QuintLeo]

With some digging, you might find an Innosilicon A2 unit in the $500 range.

 They're solidly profitable for now and for a while longer if your electric cost is low enough, but ROI is problematical on them if your electric is much if any over 5c/KWH.

[Prelude]

I want to buy Asic for mining LTC. Is enough 500$?

I can sell you a good scrypt (litecoin etc) ASIC, but I'm in Canada so shipping might not be worth it.

[isoneguy]

Where are you located?

You could get 2 Silverfish scrypt miners off ali-express for $500.

https://www.aliexpress.com/wholesale?catId=70803005&initiative_id=AS_20161229173741&SearchText=silverfish

probably your best bet unless you can afford an a4