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Author Topic: Is mining Litecoin still making profit?  (Read 836 times)
TommylovesCrypto
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September 08, 2017, 12:50:06 PM
 #1

Hello,
I m thinking of buying a miner via da Gigawhatt..
Litecoin seems to be the best choice..

But is mining Litecoin actually still a good choice? Sad Embarrassed
I have my opinion but I hope to receive more suggestions
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September 08, 2017, 01:35:27 PM
 #2

Hello,
I m thinking of buying a miner via da Gigawhatt..
Litecoin seems to be the best choice..

But is mining Litecoin actually still a good choice? Sad Embarrassed
I have my opinion but I hope to receive more suggestions

According to their miners pricing,

ASIC L3
Miner cost : $4,207.5
Hash rate : 504 MH/s
Power Consumption : 800 Watt
Electricity cost $0.23/kWh
Current LTC Difficulty : 680760.4557
Currnet Network Hashrate :  23.95 TH/s

Let say you mine litecoin from your home

Estimated income is $31 with electricity cost $4.42 per day, so you get $26 per day and you will get ROI after 163 days mining. I'm sure this revenue will drop after few month, so i will say you will have ROI after 8-9 month mining.

But if you use their plan pricing, it seems more cheaper.

So far, when you invest in mining it will give ROI between 8- 12 months It just my assumption according my experience

AMBRO SCAM

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leonix007
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September 09, 2017, 12:29:05 AM
 #3

For the current litecoin price yes it is profitable and will always depend on your electricity rate within your location, you can use Litecoin mining calculator online for this. one good thing about this is that it has been seen in the previous at price rocketing together with bitcoin, however, one downside I see is that the risk, what if in the future LTC mining is not profitable anymore? you could not sell the machine for sure, unlike gpus that you can still sell them parts by parts when everything seems down.

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Ultegra134
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September 09, 2017, 12:34:46 AM
 #4

Only you have the funds to invest into an ASICs miner (Like you've already said), you might make a profit. Although, Altcoin mining might be more profitable and a less expensive choice, it is likely that you will achieve a better ROI (Return of Investment) than investing in an ASICs miner.
Rodriguez91
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September 09, 2017, 07:29:59 AM
 #5

Almost nothing.
Even giving you a generous 50kH per machine @ 50 machines, that's only 2.5MH.
With free power, that's a whopping 0.82502930 LTC or 3.32$ USD over 30 days.
Keep in mind, that's running the machines full bore or close. If you think you are going to have these miners running in the background, not messing with the main functions of the machine, well then, you might want to have dad re-think the plan.
BobbyAdams
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September 09, 2017, 08:26:41 AM
 #6

My Litecoin mining adventure wasn’t profitable and —if I’m honest—a waste of time. To redeem something out of the experience, I can at least share with you what I did wrong. If you are thinking about mining Litecoin or some other sort of crypto-currency, you can learn from my mistakes.

ankurguta87
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September 09, 2017, 10:38:47 AM
 #7

Litecoin mining is not that much profitable.  Thinking bout to switch

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sevenmiles
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September 09, 2017, 01:55:52 PM
 #8

of course it is still very profitable...

https://whattomine.com/coins/4-ltc-scrypt?utf8=%E2%9C%93&hr=550&p=700&fee=0.9&cost=0.1&hcost=2700&commit=Calculate
550 mh/s, 700 watts
Break even in: 116.15 Days


Estimated Rewards
Per   Pool Fee   Est. Rewards   Rev. BTC   Rev. $   Cost   Profit
Hour   0.000134   0.014712   0.000242   $1.04   $0.07   $0.97
Day   0.003207   0.353087   0.005797   $24.93   $1.68   $23.25
Week   0.022446   2.471609   0.040579   $174.48   $11.76   $162.72
Month   0.096199   10.592609   0.173909   $747.76   $50.40   $697.36
Year   1.170424   128.876740   2.115898   $9,097.73   $613.20   $8,484.53

QuintLeo
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September 09, 2017, 08:51:32 PM
 #9

For perspective, my current farm of Innosilicon A2 scrypt miners have a little LESS hash power than a single L3+ while eating 4-5 TIMES the power.

 They are VERY profitable - making several times the cost of the electricity they eat - and would be profitable at 20 cent electric (though not by a LOT).
 They managed to pay themselves off LAST year - before the big Litecoin price jump - and have done so again with some to spare since Feb or March of this year.

 I WAS thinking about selling them off this winter, as their profitability was getting marginal despite my low electric cost - but 20/20 hindsight I'm glad I didn't.

 I don't buy break-even in 4 months - diff is climbing too much - but they SHOULD break even sometime next year as long as they don't break.

 BTW that power figure in the calculation is low, even BITMAIN states 800 watts +10% (at the wall with the APW 3++) - not that it's going to make a huge difference.



 I have no idea where the "50kh per machine" figure is from, that's very very low hashrate FOR A LOW END GPU - which hasn't been usable to mine Litecoin with for a profit for almost 4 years now.
 Even my GENERATION OLD OUTDATED A2 miners manage at least 85 Megahash/sec (for the LITTLE one, the big ones are either a bit over 100 or a bit over 110 depending on the power supply in each one).

 
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