Bitcoin mining vs Litecoin mining

[Rora]

Hi all,

I have currently just over 10k  Kh/s (LTC) and roughly the same for BTC ( 10 k MH/s ). All GPU based. What would you recommend I mine to yield the most profits?

Thank you.

[glendall]

No offence but I'm surprised you have 10 gigahashes and do not know the answer to this question. Are you asking hypothetically?

[Rora]

Its currently mining litecoin... I have been considering swapping over to Bitcoin. I am simply looking for opinions.

[abuelau]

Gigahashes?

The guy has mh/s!

If I were you, I would probably buy a new used GPU first. Probably not worth it mining with what you have now.

[Rora]

10000 KH/s LTC
10000 MH/s BTC

Roughly.

[Mhash pipe]

Diversity is always good. If you're unsure, I'd do half litecoins half bitcoins. I have 3 cards and am currently using 2 for mining bitcoin and 1 for mining litecoin. I want to get some bitcoins with my gpus before the difficulty gets too high.

[ReCat]

Your profit margin is MUCh greater with litecoin. Don't bother with mining bitcoins, only ASICS can make money on mining bitcoins these days.

[bcpokey]

Your profit margin is MUCh greater with litecoin. Don't bother with mining bitcoins, only ASICS can make money on mining bitcoins these days.

Welcome to the world of uninformed opinion.

Over in the world of data based information:

Bitcoin   SHA-256   238234   12153411.709776   25   1.000000000      100.00%
 Litecoin   scrypt   360300   595.65349676   50   0.024000000   Vircurex   97.94%

Litecoin is currently trading at 98% profitability hash for hash. Discounting the finnicky nature of litecoin mining, the higher power consumption and heat issues, you're still making less currently mining litecoin.

That said, since the two are roughly equivalent, there isn't that much difference, unless you are speculating on the future. Some people are bullish on litecoin, some are bearish. I myself would be bearish, but there's really not enough data to provide any kind of substantive answer.

[crazyates]

Use Dustcoin.

It's great for comparing BTC to LTC, but I warn you against switching to a lesser known alt-coin. For example, Terracoin is said to be ~150% the price of BTC, but it is extremely volatile. It won't be like that for long.

[ReCat]

Oh. It seems I stand corrected. Although, isn't bitcoin mining going to take over a year on any sort of affordable GPU hardware to find a single block? Even if it's equally profitable? Whilist LTC will get you much more granulated blocks of profit for more immediate profit.

[kendog77]

I normally don't bother mining Litecoin unless it's at least 10% more profitable than mining Bitcoin, which it is not at the moment.

You lose money to the exchange every time you swap one for the other, and Litecoin also uses more electricity to mine since you can't underclock GPU memory.

Also, it seems like a lot of people are hoarding LTC at the moment with the expectation that it will go up if and when LTC hits Mt. Gox. Mt Gox has so many other problems (Dwolla, Coinlab, and a slow unreliable trading platform) that it's hard to tell when they will add LTC support and what that will do to the price if it does hit a major exchange.

LTC price already spiked on the news that it would hit Mt. Gox, and has been retreating versus BTC ever since. I suspect a lot of people will dump LTC once it does hit Mt. Gox.

[notlist3d]

Is there any site that makes it easy to get Litecoin to Dwolla?  I looked a little bit couldn't find one. 

[ryepdx]

Although, isn't bitcoin mining going to take over a year on any sort of affordable GPU hardware to find a single block?

Ever hear of mining pools...?

[ReCat]

Although, isn't bitcoin mining going to take over a year on any sort of affordable GPU hardware to find a single block?

Ever hear of mining pools...?

... Oh.

[one4many]

10000 KH/s LTC
10000 MH/s BTC

Those numbers don't make any sense ... what hardware are you using?

[crazyates]

I have currently just over 10k  Kh/s (LTC) and roughly the same for BTC ( 10 k MH/s ). All GPU based.

I'm assuming it's multiple rigs.

[Rora]

It Is indeed.

[seljo]

well it looks like this with mining BTC @ 10000 Mh/s:

                Coins        Dollars
per Day      ฿0.41     $53.33
per Week    ฿2.90     $373.28
per Month   ฿12.58   $1,621.12

and with LTC @ 10000 Kh/s
                Coins              BTC              Dollars
per Day      LTC 16.85     ฿ 0.4042315   $ 52.01
per Week    LTC 117.95   ฿ 2.8296205   $ 364.06
per Month   LTC 505.5     ฿ 12.126945   $ 1560.25

Not a perfect calculation but it shows the numbers. Also consider that mining LTC uses more electricity and produces more heat and you pay a fee on the exchange for converting LTC to BTC and than to FIAT... you can do the math!

[bclcjunkie]

if you're willing to bet on LTC price increase then mine those... personally i'd go for LTC since i still can cash them out without converting to btc and at the same time wait for mtgox to adopt it...

i don't know if it's for real but they do seem to have ltc api in development...

http://data.mtgox.com/api/2/LTCUSD/money/ticker

[Operatr]

http://www.coinchoose.com/

http://dustcoin.com/mining