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Author Topic: Can Online Coin Mining Calculators Be Trusted?  (Read 582 times)
bigmaq
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May 11, 2017, 06:05:42 PM
 #1

Maybe this is a bit of a newbie question to most but please bare with me as I have been contiplating in starting mining ... in particular Litecoins ... especially with the recent release of the L3+.

Now bitmain declare that the L3+ hashes at 504 Mh/s with this in mind I have entered the value into a few online calulators ... the average result is around $280 profit per week off 1 machine (approx 9.5 coins per week) at todays rates/difficulty levels. Electricity charges are 0 for me so not included in above results.

The L3+ costs approx $1500 (with power supply) which would basically mean I would have ROI within a couple of months ...

Does this actually sound right or am I missing something? ... those that do mine do you actually get the results that an online calculator gives?

I'm seriously considering investing in about 16 of these babies .. assuming I can get some form of confirmation about return etc...

Also I know it is best to join a mining pool ... would the result of the calculator match a pools payout in a similar way?

thanks in advance for any input guys

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xleejohnx
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May 11, 2017, 06:08:16 PM
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They are not prefect by any means but they are really close to what you can expect

As I see a super coin as the super highway and alt coins as taxis and trucks needed to move transactions. ~philipma1957
Apneal
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May 11, 2017, 06:12:57 PM
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Also keep in mind that calculators can't predict the fluctuations in difficulty and demand. It's more profitable to mine ETH now than 8 months ago, and no calculator on earth could have predicted that
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May 11, 2017, 06:19:34 PM
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The ROI for the Antminer L3+, 504MH/s is around a month right now with current difficulty / USD/LTC exchange rate with free power Smiley BUT keep that in your mind , if you are ordering those miners right now , you going to get them around 20-30 of July . That is 2 and a half months away , difficulty by then probably going to be much more higher. So 1 months ROI only for those guys who ordered from the first or second batch :-) and already mining with those miners Smiley
I have a few , each can mine 1.5 - 1.6 LTC / 24hours
My guess is , by the end of July those miners ROI will be around 4-6 months , time will tell Wink

Im not asking for donation for my advice , never will , but i'm supporting this Mom. I read her story somewhere , and I felt like I have to share with everyone ... You can support Her if You sign her petition
bigmaq
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May 11, 2017, 07:02:11 PM
 #5

with 16 miners would it be beneficial to llink with a mining pool ... or stay solo?

I checked profitibility by adjusting the difficulty x2 of current and to be honest it still gave a decent enough profit per week ($144 assuming price stays the same at $29.55 per coin) ... so multiply by x16 and gives a very healthy income for the amount invested.

Vann
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May 11, 2017, 07:20:43 PM
 #6

Online calculators can only give you projections based on the most current information. The longer out the projection, the more inaccurate it will be. With 453 MH/s you should be able to find a LTC block every 1.5 to 3 days at the current difficulty. Long term you will make more solo than on a pool. The only disadvantage is it's all or nothing when solo mining, so I would keep half of the miners on a pool until you are sure solo mining is working right.

http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=4536000.00&p=1000.00&pc=0.&pf=0.00&d=189978.75935254&r=25.00000000&er=0.01681000&btcer=1880.71580000&hc=0.00
RentGPU
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May 12, 2017, 02:04:25 AM
 #7

Stay away from mining calculators my advice to you is to not even look at those calculators it's waste of time nothing in mining can be predicted or calculated, the only fixed thing in mining is your electricity costs and rig initial cost everything else is proportional to the crypto market which you can not predict., me as example i already hit my roi and according to my calculations at start which was based on those calculators my roi is 4 months away!
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May 12, 2017, 03:04:12 AM
 #8

If it is true , calculator earnings is 5 weeks to get back investment money.I dont have free electricity so this is not for me.


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Vaccinus
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May 12, 2017, 06:30:24 AM
 #9

whattomine is very reliable, the only thing is that some times, the diff lag a lot, and you could get a wrong value, but usually is right about your profit, i use it allt he time

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