LTC Mining profitable

[pushitup]

Is LTC mining still profitable?
Does one HD7850 make $?

[zulzedd]

Is LTC mining still profitable?
Does one HD7850 make $?

I mining with single 7850. On current difficulty i obtain ~2 LTC per day (notice, diff is growing fast over time). At BTC-e pair BTC/LTC is 0.02 now, LTC/USD 1.77. Not much. You can check profitability of any cryptocurrency here btw http://dustcoin.com/mining

[Xenotron]

Is LTC mining still profitable?
Does one HD7850 make $?

In general, LTC mining is more profitable, but it consumes more resourses (CPU, RAM) and energy.

[pushitup]

Is LTC mining still profitable?
Does one HD7850 make $?

I mining with single 7850. On current difficulty i obtain ~2 LTC per day (notice, diff is growing fast over time). At BTC-e pair BTC/LTC is 0.02 now, LTC/USD 1.77. Not much. You can check profitability of any cryptocurrency here btw http://dustcoin.com/mining

thanks for your answer.
do you mine alone or in a pool?

[avulhop]

What's the general forumla for LTC/day as a solo miner?

My naive guess:

Code:

probability = my hashrate/network hashrate
blocksPerDay = (60min/average block time in minutes)*60*24

expectedLTC = probability*blockdPerDay*reward

Plugging in values...

Code:

prob = ~350kh/s / 9,440,200 kh/s
prob = 0.0037%

blocksPerDay = (60/2.5)*60*24
blocksPerDay = 34560

expectedLTC = 0.0037%*34560*50
expectedLTC = 1.281328785*50
expectedLTC = 64.06643927

That doesn't seem right... What am I missing?

[dasein]

3 x 7950s = 1800 kh/s which is $584.92 / month according to the table at http://dustcoin.com/mining

seems profitable to me, am I missing something?

[avulhop]

3 x 7950s = 1800 kh/s which is $584.92 / month according to the table at http://dustcoin.com/mining

seems profitable to me, am I missing something?

Careful... at this very moment, DustCoin is using the Mt. Gox figure for BTC ($123.40), which is frozen since they halted trading. BTC-e has it at $84, Vircurex at around $90.

(still, that's closer to $426.60, which isn't awful)

[dasein]

my calculation was for LTC, but point taken nonetheless

[avulhop]

my calculation was for LTC, but point taken nonetheless

I know, but he's calculating LTC/USD by going LTC/BTC, BTC/USD.

[Marv21]

On https://coinotron.com/ you can see, what is the best profitable

[dasein]

my calculation was for LTC, but point taken nonetheless

I know, but he's calculating LTC/USD by going LTC/BTC, BTC/USD.

ah that makes sense, thanks for clearing that up

[jendazbenda]

Code:

expectedLTC = 0.0037%*34560*50
expectedLTC = 1.281328785*50
expectedLTC = 64.06643927

That doesn't seem right... What am I missing?

You will get only about that 1.281328785 coins per day. You can't multiply by that 50 twice...

[dazzle]

Is LTC mining still profitable?
Does one HD7850 make $?

I mining with single 7850. On current difficulty i obtain ~2 LTC per day (notice, diff is growing fast over time). At BTC-e pair BTC/LTC is 0.02 now, LTC/USD 1.77. Not much. You can check profitability of any cryptocurrency here btw http://dustcoin.com/mining

a 7850 is faster than my 6990?

I only got like 0.049 LTC in one day. Yours is like 2 lTC per day? Is my card now worthless?

[Nathaniel B]

It's still about 4-5 times the cost of electricity at $0.11/kWh so if you already have cards then you might as well mine. Difficulty will likely double once the bitcoin asics force all the GPU miners over to litecoin.