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Author Topic: Mining LITECOIN on ASIC USB Miner is profitable ?  (Read 8707 times)
tpksarathy
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May 30, 2017, 07:52:30 AM
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Whether mining LITECOIN on Asic USB miner is profitable?

What will the approx earnings?

kindly share the link to buy best ASIC usb miner.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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May 30, 2017, 08:00:32 AM
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First, please move this topic to the mining (altcoins) subforum.. This subforum is dedicated to hardware for bitcoin mining

Secondly, do you mean something like this: https://bitcoinware.net/collections/gridseed-dual-ltc-and-btc-miner/products/futurebit-moonlander-scryptusb ?

1.2 MH/s @ 5 W (+ power draw of your controller)

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May 30, 2017, 08:23:36 AM
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thanks for your guide
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May 30, 2017, 08:34:23 AM
 #4

No problem... I was in the middle of adding the complete calculation, but one of my servers went down, so i was called away... Here is the rest of my post:

A moonlander uses 5 Watt, a rPi (as controller) also uses 5 Watt (approximately).

Let's assume you have a powered usb hub that doesn't draw any extra power, 10 moonlanders controlled by one rPi...
The total numbers would be:

costs = 10 moonlanders + 1 Hub + 1 Rpi + 1 Psu + network cabling = Huh BTC /USD/EUR
power draw = 11 * 5 Watt = 55 Watt
hashrate = 10 * 1.2 MH/s = 12 Mh/s
Power cost = 10 cent/Kwu??? (at my place, i actually pay 27 cents, so you'll probably have to redo the calculation)

If we use this link: https://www.litecoinpool.org/calc?hashrate=12&speedunit=MH%2Fs&difficulty=240940.12682341&price=25.67&currency=USD&power=55&energycost=0.10
We can see that at current diff, price and block reward, this setup would make ~16 USD/month.

Not bad, but i can only assume that your hardware costs would be several hundred bucks, so it would take a long time to break even...
Do note that the diff and price fluctuate, so those 16 USD/month is only at this very moment... Also, it seems like 1.2 Mh/s is rather optimistic, and it's unsure if the power draw would only be 5 Watt if you run it at 1.2 Mh/s

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May 30, 2017, 03:30:21 PM
 #5

I would suggest adding a site like miningrigrentals to your system.  Most mining on older, established coins is not going to turn a profit, because of the diff being higher.  That comes from the coin being mined for many months or, in this case, years.  There are sites, like the one I mentioned, that allow you to rental out time on your rig for BTC.  If you sign up on one of these sites, then you mine as usual, pointed to the site.  When no one is renting your rig, it is forwarded to whatever URL/Stratum you set on the site.  When it is being rented, you receive the rental income. 

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May 30, 2017, 03:59:51 PM
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I would suggest adding a site like miningrigrentals to your system.  Most mining on older, established coins is not going to turn a profit, because of the diff being higher.  That comes from the coin being mined for many months or, in this case, years.  There are sites, like the one I mentioned, that allow you to rental out time on your rig for BTC.  If you sign up on one of these sites, then you mine as usual, pointed to the site.  When no one is renting your rig, it is forwarded to whatever URL/Stratum you set on the site.  When it is being rented, you receive the rental income. 

Another cool thing about a site like this is that you can use the site to change your own mining endpoint, which can be easier for new people that doing it in a connected ASIC.  Not pushing any site, just mentioned the one above because it has been around for more than two years that I know of. I really recommend this site.

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