edit:
Note: thread here says it was made in May of 2017. I made the thread last week, so be aware, if things look weird!
Share your story on how luck/skill (chuckle .yeah right skill on LTC going from $4.15 to current $30.10) ...er anyway or whatever
finally got you to a point where your boat has come in as they say on your equip/trading or holding of LTC bet
Myself how I got to this point below
Still bemused/befuddled and don't believe any of this yet ..just saying
Well with me it was around April 1st I decided to get bitmain equipment to replace (double hash) on a bet to myself that $6 LTC was as
low as it would go. So needed 3000mh of bitmain stuff to do this.
Thus at $6 LTC it might take me 1.5 years to get out of the hole on this bet.if I was frigging dead wrong...buying equip with btc ..mining ltc to just get same btc..in equip
but that was the bet..(mining a silly addiction)
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Been there before...saw a hole, decided to jump in and mine my way out again. The usual self-destructive and addicctive
asic miner behavior as in the past
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
The results are below
Still can't quite get my head around this..when I was expecting this at my bitmain purchases at $4.15 LTC price and a $6 LTC worse case floor.
BUT MY BET WAS $6 was the FLOOR..made a post someplace on here around April 1st on such
..thus got the equipment..(again at the time price was like $4.15 per LTC) Again ROI KNC Titans made
me brave to get out of this (if it was a deep deep hole) included in calculations below ....3,177mh worth.....it allowed me to take this chance)
Jumped in hole
Results below of being dumb and lucky
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
(of course, difficulty would not be this high...but just saying as WHY I got the eguip and HOW I got lucky as a result) in the calculations in 20/20 hindsight below
Using my
www.litecoinpool.org calculator on site. Pool is free and pays out at 102%. Again calculator at
www.litecoinpool.org/calcboth calcs below use 6,177mh at 10c kwh and 12,500 watts and using $6 floor price below (the bitmain stuff is prepaid for the year..this is knc titan roi montlhy electric) total in was
$20,400 usd on this bet ..to double my hash in this manner.
So at my $6 as the low for LTC price I get below . (again price reality at the time was around $4.15 but climbing)
24 hours 16.67790000 LTC 100.07 USD 30.00 USD 70.07 USD
7 days 116.74530000 LTC 700.47 USD 210.00 USD 490.47 USD
30 days 500.33700000 LTC 3002.02 USD 900.00 USD 2102.02 USD
So $2,102.02 a month profit above at my guess of a worst-case $6 floor. (price again was climbing from $4.15 LTC when I made this bet)
the yep...worse case I'd be looking at 12 months plus to mine my way out of this hole with bitmain and legacy equip included. (damn i'm dumb)
vs REALITY as of NOW
Damn tough to get my head around the below
At 6177mh with 12,500 watts (knc titans...Bitmain's are pre-paid all for the year etc) at $30.10 LTC and 10c kwh and 6,177mh combined KNC Titans and Bitmain's I get
24 hours 16.67790000 LTC 502.00 USD 30.00 USD 472.00 USD
7 days 116.74530000 LTC 3514.03 USD 210.00 USD 3304.03 USD
30 days 500.33700000 LTC 15060.14 USD 900.00 USD 14160.14 USD
14,160.14 USD a month now (sheesh)
At 12k overshoot of my worse case fears
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
per month in profit
Looking at my logic at the $6 price April 1st or thereabouts with that being the floor price on LTC I was looking at a 10 month ROI
at FLAT difficulty...so figuring modest ROI ..I figured 12 - 14 months to ROI everything ..including tossing hash of 3177mh towards the debt with roi'd knc titans. Again this was the worst case..ie ..if all went 'pear-shaped' I could mine my way out of the hole in say 1.5 years and call myself stupid/even...again $6 LTC.
I did 'kinda' expect/hope for $8-$10 coin to get ROI below 1 year ..but again what I was thinking. And again the 3,177mh of roi'd knc titans can make you stupid brave if this is added to the equation on your jumping into random ASIC miner holes....w/o that I'd likely not have jumped. That made me brave to jump into this LTC hole, to begin with. That
and my obvious ASIC miner addiction
![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
Boy....I've missed the boat before...never really slam'd into the penthouse on the boat dead on before thou...this is new
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Anyway, my past logic, luck, selling my soul, or whatever to put me in the present situation
OTHERS on here...what is your story? I suspect it was a combo of stupid/hope/dumb luck and such like myself but chime in here.
take the poll
dumb luck is always a factor I guess as well as poor luck...not really sure how to handle having the boat come in.....if nothing else the IRS will be happy
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)