Is it worth using gpu or cpu to mine litecoin?

[MysticOne]

Litecoin is mined with asics these days, not gpu. Sooner or later, all altcoins will be mined by asics.

I'm almost postive that Litecoin is still mined using GPU's, it is Bitcoin that can only be mined with Asics.

[Seansky]

I thought ltc is a $btc alike coin and is only mined by CPU? Am I wrong ?  Why is btc not being mined on gpus 🤔 Confused

Litecoin for now can be mined by GPU and can get good returns by doing it because the difficulty for mining it is not that big yet, because when compared to the number of bitcoin miners, it has less. BTC cannot be mined on GPU's just because the difficulty is too high, and it would be hard for GPU to mine even 1 bitcoin in a year so it is better to use asics to mine BTC but still it won't be that profitable unless you are using a good mining equipment.

[Phyton76]

Dear Friends


how many litecoins gpu and cpu can do ? ex : RX480 or Nvidia 1070 ? Is it worth using gpu or cpu to mine litecoin?

thanks
Almir

Yeah, dl a software where you can mine ltc or i recommend you ethereum is more profitable i also invest in mining and i do earn a good profit in my small mining farm in my house but it is really a investment you need a lot of money to star and buy hardware you will need a lot of video card if your planning toto have a super pc.

[Vivisector999]

Both BTC and LTC are mined pretty much solidly with ASIC's.  Not GPU and certainly not CPU.

However  the difference is you can still mine LTC with a GPU, and earn a bit.  But once you calculate the cost of electricity you are losing money each day so not worth it.  If you live somewhere where you don't pay for power, or shudder at your parents, and don't mind explaining why their power bill went up $50 so you could make $5, then GPU mining is still a possibility.  But best advice I can give you is to find a coin where ASIC's are not yet available, and mine them, as you can still make a profit on those coins.

[ipanks]

Dear Friends


how many litecoins gpu and cpu can do ? ex : RX480 or Nvidia 1070 ? Is it worth using gpu or cpu to mine litecoin?

thanks
Almir

i think its better you mine other coins because for mining ltc, you need more better hardware like other members mention. but you still have many option coins for mining with that vga cards and if you find the right coins, you can make profit. i think it still worth for mining litecoin until now because the difficulty of litecoin is not yet high but soon it will increase and if that time is come, it will be difficult to mining litecoin.

[savon2k]

Both BTC and LTC are mined pretty much solidly with ASIC's.  Not GPU and certainly not CPU.

However  the difference is you can still mine LTC with a GPU, and earn a bit.  But once you calculate the cost of electricity you are losing money each day so not worth it.  If you live somewhere where you don't pay for power, or shudder at your parents, and don't mind explaining why their power bill went up $50 so you could make $5, then GPU mining is still a possibility.  But best advice I can give you is to find a coin where ASIC's are not yet available, and mine them, as you can still make a profit on those coins.

That's got the tip ,gonna look in to it

[WinMar]

Just another note for the miners out there. What ever you do, do not mine on the Bitmain pool. This just encourages them to keep selling miners with no end in site. They can make money off of you when you mine there. Mine for litecoin any where but antminer Bitmain pool. They will make money selling you the miners and force you to keep buying more and more mining power to be profitable. The best thing to do is to stop ordering miners and force them to manufacture only a set amount. Then do not mine in the AntPool.

[vasil777]

I think mining with this equipment will not give you a good profit. I would advise you to buy some coins and save them until the market grows up. And if you hurt, your computer will suffer and eventually fail and you will need to buy a new!

[Camorra Dev]

Litecoin is a GPU mining coin, but I would buy it and hold until it becomes expensive.