pushitup (OP)
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April 11, 2013, 04:39:40 PM |
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Is LTC mining still profitable? Does one HD7850 make $?
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zulzedd
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April 11, 2013, 05:07:31 PM |
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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
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Xenotron
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April 11, 2013, 05:09:50 PM |
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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.
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pushitup (OP)
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April 11, 2013, 05:26:20 PM |
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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/miningthanks for your answer. do you mine alone or in a pool?
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avulhop
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April 11, 2013, 06:12:58 PM Last edit: April 11, 2013, 06:44:42 PM by avulhop |
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What's the general forumla for LTC/day as a solo miner? My naive guess: probability = my hashrate/network hashrate blocksPerDay = (60min/average block time in minutes)*60*24
expectedLTC = probability*blockdPerDay*reward
Plugging in values... 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?
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dasein
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April 11, 2013, 06:26:43 PM |
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3 x 7950s = 1800 kh/s which is $584.92 / month according to the table at http://dustcoin.com/miningseems profitable to me, am I missing something?
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avulhop
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April 11, 2013, 06:29:34 PM |
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3 x 7950s = 1800 kh/s which is $584.92 / month according to the table at http://dustcoin.com/miningseems 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)
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dasein
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April 11, 2013, 06:31:51 PM |
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my calculation was for LTC, but point taken nonetheless
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avulhop
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April 11, 2013, 06:40:22 PM |
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my calculation was for LTC, but point taken nonetheless
I know, but he's calculating LTC/USD by going LTC/BTC, BTC/USD.
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dasein
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April 11, 2013, 07:05:06 PM |
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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
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jendazbenda
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April 14, 2013, 12:07:42 PM |
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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...
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dazzle
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April 19, 2013, 11:57:22 PM |
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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/mininga 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?
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Nathaniel B
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April 20, 2013, 12:04:11 AM |
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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.
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