litecoin mining investment

[PurpleDog]

Let’s say I don’t need to pay for electricity.

Is it worth making an investment to buy hardware for litecoin mining? How much is reasonable to get started with something worth the trouble?

Would some other leading altcoin (eth, monero etc) be a better option?

Thanks

[shield132]

Before that I would day, isn't it better to buy antminers and mine bitcoin if you don't have to pay electricity costs?
For litecoin mining Bitmain has good hardwares, also if you think about dash mining, baikal has good hardwares (as far as I know).
If you doubt what to mine, wouldn't be a buying GPU good idea?
Sorry but can't suggest which altcoin will be better for mining, just give my advices on hardwares as you needed.

[PurpleDog]

I understand that bitcoin mining has grown very competative and I think that litecoin is a likely candidate for making a run on its turn.

That antminer l3+ looks ok. How much ltc is it expected to produce per week (or per month) ?

[bitcoinexplorer]

Try calculating it here

https://www.cryptocompare.com/mining/calculator/ltc

[xxcsu]

I understand that bitcoin mining has grown very competative and I think that litecoin is a likely candidate for making a run on its turn.

That antminer l3+ looks ok. How much ltc is it expected to produce per week (or per month) ?

no one can tell you , how much those miners can produce per week or months ahead...
any calculator you can find on the web , is just for that day , that moment when u using it
difficulty and current LTC/fiat exchange rate the two mayor factor to calculating any income from mning if you not paying for electricity ...

One Antminer l3+ with today (july-20-2017) difficulty , and current LTC/fiat exchange rate can generate around 36-37$/ day
in the past 1 month the difficulty grow 30%
if yo used the same calculator a month ago (jun-20-2017) you calculated result was around 75$/day,

[michellee]

Let’s say I don’t need to pay for electricity.

Is it worth making an investment to buy hardware for litecoin mining? How much is reasonable to get started with something worth the trouble?

Would some other leading altcoin (eth, monero etc) be a better option?

Thanks

if you decide to buy hardware for litecoin mining, I think its still profitable, because litecoin price is not yet reach high price and we are see the price is down now and in next time, I am sure that the price will be more than 0.02 btc (its the last time price). but you need to buy high end hardware to start and its not cheap, you need to spend much of money but I think its still worth to buy. if you want to mining many coins, then I advice you to buy vga cards so you can mining with many coins option.

[cryptoyug]

Let’s say I don’t need to pay for electricity.

Is it worth making an investment to buy hardware for litecoin mining? How much is reasonable to get started with something worth the trouble?

Would some other leading altcoin (eth, monero etc) be a better option?

Thanks

Eth or zcash will be best option for mining I guess. Even monero is good choice but it will take good time to coming up and get stable in market so better to mine already stable coins first.

Thank you.

[xxcsu]

I understand that bitcoin mining has grown very competative and I think that litecoin is a likely candidate for making a run on its turn.

That antminer l3+ looks ok. How much ltc is it expected to produce per week (or per month) ?

no one can tell you , how much those miners can produce per week or months ahead...
any calculator you can find on the web , is just for that day , that moment when u using it
difficulty and current LTC/fiat exchange rate the two mayor factor to calculating any income from mning if you not paying for electricity ...

One Antminer l3+ with today (july-20-2017) difficulty , and current LTC/fiat exchange rate can generate around 36-37$/ day
in the past 1 month the difficulty grow 30%
if yo used the same calculator a month ago (jun-20-2017) you calculated result was around 75$/day,

just a side note ... LTC difficulty jumped another 15% today ( july 21 / 2017 ), its close to 45% jump in the past month,  so with current difficulty , and ltc/fiat exchange rate one l3+ can mine around 32-33$ /day if you not paying for electricity ... LTC mining of course is still profitable but if the exchange rate stays the same and difficulty keep growing , ROI time will be much longer , you going to make less and less $ day by day

[PurpleDog]

I don't mind waiting a bit longer for roi. One problem I see is that the antminer L3 is out of stock.

[PurpleDog]

What other alternatives are there to the Antminer L3 ?

And by the way, can a PC be bought and set up to do the job? What hardware should it have?

[QuintLeo]

What other alternatives are there to the Antminer L3 ?

And by the way, can a PC be bought and set up to do the job? What hardware should it have?

 The only Scrypt miners currently in production are the Innosilicon A4 (better rep for reliability after they fixed their "first 2 batches" issues) and the Bitmain L3+ (higher performance and more efficient, but has hashboards die more often).
 The L3 (not plus) appears to have only had 1 or perhaps 2 batches sold by Bitmain before they replaced it with the L3+.

 PCs have not been able to mine Scrypt for profit for years, and at current network difficulty it's doubtfull you can even mine DUST with a GPU-based Scrypt miner.
 Even with FREE electric, your GPU will probably die before you make enough Litecoin (or any other Scrypt-based coin) to pay for the card.

[Thetaj]

If I had FREE electricity, I'd Mine bitcoin. Thats literally a no-brainer it borders on logic and not actually advice

[Undefined31415]

If I had FREE electricity, I'd Mine bitcoin. Thats literally a no-brainer it borders on logic and not actually advice

Well, assuming you also had free BTC ASICs. Ensuring that your mining equipment pays for itself over its lifetime is an additional concern.

If I had free electricity, the only thing I'd change about my setup is that I'd consider finding an appropriate CPU coin for use with my existing rig.

What other alternatives are there to the Antminer L3 ?

And by the way, can a PC be bought and set up to do the job? What hardware should it have?

If you plan on going with a GPU rig, you'd better look at multipools that offer payouts in Litecoin, or mine Zcash/ETH/Other and manually exchange it for LTC. Mining LTC directly, as QuintLeo said, is not practical at this point.

Not too long ago (great timing -just in time for summer ), I reassembled my old LTC mining rig of low-mid range 7700 & 7800 series cards and have them mining Zcash. Power is relatively cheap where I live, but it's not super profitable. I don't personally want to buy new cards for mining (especially with the current mining craze), but since I have them on hand and they have already paid for themselves, I'm putting them back to work.

[Thetaj]

If I had FREE electricity, I'd Mine bitcoin. Thats literally a no-brainer it borders on logic and not actually advice

Well, assuming you also had free BTC ASICs. Ensuring that your mining equipment pays for itself over its lifetime is an additional concern.

If I had free electricity, the only thing I'd change about my setup is that I'd consider finding an appropriate CPU coin for use with my existing rig.

What other alternatives are there to the Antminer L3 ?

And by the way, can a PC be bought and set up to do the job? What hardware should it have?

If you plan on going with a GPU rig, you'd better look at multipools that offer payouts in Litecoin, or mine Zcash/ETH/Other and manually exchange it for LTC. Mining LTC directly, as QuintLeo said, is not practical at this point.

Not too long ago (great timing -just in time for summer ), I reassembled my old LTC mining rig of low-mid range 7700 & 7800 series cards and have them mining Zcash. Power is relatively cheap where I live, but it's not super profitable. I don't personally want to buy new cards for mining (especially with the current mining craze), but since I have them on hand and they have already paid for themselves, I'm putting them back to work.

Coming from experience: ASICs pay for themselves much faster than GPU/CPU mining my man. I have 4 GPU rigs with 32+4GPUs and I can say with a straight face that they are no where near as profitable as my ASICs, even the S9 that I bought for 2.5k is more profitable than the 1080TIs I have dollar for dollar. BUT that is ofcourse me being honest over the internet. What you do is your decision. I personally hope everyone goes into GPU mining so that we don't have as much competition in the ASIC scene. GPU mining has become pretty much went from super profitable to totally unprofitable in the span of 5 months. Just look at the difficulties of any of the major GPU coins and compare that to 4 months ago.

[QuintLeo]

Coming from experience: ASICs pay for themselves much faster than GPU/CPU mining my man.

 ASIC payback vs GPU payback has varied a LOT even in the last 4 months alone.

[Bitcoinsummoner]

I think you can earn in litecoin depends what is the speed of your mining tool better to check this site https://www.cryptocompare.com/mining/calculator/ltc

And you can see almost other altcoin there for calculation if what altcoin is the best to mine and more profitable these days..
Litecoin was also good to invest but its really expensive hardware but you can be still make a good profit if you go to buy more high speed miner that can mine fast and earn more profit..
Here in my place or country if i have a miner i can make more profit here because we are not paying electricity here.. Hope that i can make my own miner too to mine altcoin..

[Savik]

Anyone think the D3 and A5 will help take the pressure off the LTC difficulty? Im hoping people will jump to the X11 and leave script for a while. Probably wishful thinking.

[Thetaj]

Coming from experience: ASICs pay for themselves much faster than GPU/CPU mining my man.

 ASIC payback vs GPU payback has varied a LOT even in the last 4 months alone.

In general I meant. There was the brief period at the beginning of this year where my GPUs made more money than my S9s.......briefly.
However, I think it is healthy to diversify so If you're truly a miner, have both

[Thetaj]

Anyone think the D3 and A5 will help take the pressure off the LTC difficulty? Im hoping people will jump to the X11 and leave script for a while. Probably wishful thinking.

One can only dream bro. But no, we're heading to 650k difficulty in about a month's time. Buckle up son!

[xxcsu]

Anyone think the D3 and A5 will help take the pressure off the LTC difficulty? Im hoping people will jump to the X11 and leave script for a while. Probably wishful thinking.

  so you think all those ppl who bought the l3+ going to give up mining LTC ??