Bitcoin Forum
October 18, 2017, 03:29:37 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: At which difficulty will you stop mining LTC?  (Read 727 times)
trdiablo
Hero Member
*****
Offline Offline

Activity: 540


View Profile
April 12, 2013, 09:25:29 AM
 #1

hi all,
I am fairly new to Litecoin mining, just started last month with it.

I have a good system that is runs 24/7 with 2 x 7870 XT jokercard in it. While the maximum hashrate I could get is 800 to 820 Kh/s I have them running at 730 to 750 Kh/s to reduce some sound and heat.

Anyway, when I just started last month the difficulty was at 100 and I made about 7 coins a day. Then a week later it went to 150. Soon after that to 200, then 220 and now it is at 290 already.  In 2 days the difficult will go up to 335 and it will be even less proftable. By the end of this month the difficulty will be at 500 to 600 already and I will only make 0.5 litecoin a day.
With the current value of Litecoin at 1.5$ it will not even cover the cost of electricity bill. Off course the value could go up of Litecoin and then you would make profit again, that is the only hope.

Litecoin mining is going the exact same route as Bitcoin mining only a lot faster. Soon the average Joe with dual GPU set-up may stop mining and only the professionals with systems of at least 6000 Kh/s and more will continue to mine.

I decided for myself that I will probably stop mining when I make less than 0.5 LTC a day and the value of Litecoin is less than 2$.
Wondering what you guys think about this.


1508340577
Hero Member
*
Offline Offline

Posts: 1508340577

View Profile Personal Message (Offline)

Ignore
1508340577
Reply with quote  #2

1508340577
Report to moderator
1508340577
Hero Member
*
Offline Offline

Posts: 1508340577

View Profile Personal Message (Offline)

Ignore
1508340577
Reply with quote  #2

1508340577
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508340577
Hero Member
*
Offline Offline

Posts: 1508340577

View Profile Personal Message (Offline)

Ignore
1508340577
Reply with quote  #2

1508340577
Report to moderator
1508340577
Hero Member
*
Offline Offline

Posts: 1508340577

View Profile Personal Message (Offline)

Ignore
1508340577
Reply with quote  #2

1508340577
Report to moderator
AlgoSwan
Sr. Member
****
Offline Offline

Activity: 294


ancap


View Profile
April 12, 2013, 09:35:08 AM
 #2

If we trust current prices (ratios of LTC/BTC and LTC/NMC), ASICs will have no interest to LTC, at least for a while. But when new manufacturers hit the market, everything will be modified according to this. And of course LTC can benefit all of this. Just one weakness LTC has, it is excessive supply compare with NMC and BTC.

By the way, did you ever try to connect your desktop PC's into solar and wind-powered mini-power station. This is the most cost efficient way to mine LTC I guess. I strongly suggest you to google it. You would only need to power your power supply of your desktop. If this is not your way,,,, try another approach, solar powered laptops. I don't know how you connect your GPU's to this cost efficient machines. But if electricity is the main problem of yours, it should be better to search alternative and almost free energy approaches. It sounds utopic at first. But hey, aren't we living in an era of high techonologies? especially alternative energy is a hot topic nowadays.

US options trader and ancap
takynakasi
Newbie
*
Offline Offline

Activity: 10


View Profile
April 12, 2013, 09:43:47 AM
 #3

Solar system to power hundreds of watts for GPUs? I think that investment into such solar power would be quite expensive... and probably with negative return...
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!