Hi All,
Does anyone have experience of mining Litecoin since the price has soared. I was looking at Amazon AWS Servers but the profitability was outweighed by the costs.
That was however when Litecoin was $40 each.
Would be interested to know if there are any recent test bench results?
Thanks,
Mark
First of all: if you want "good" answers to your questions, ask them in the correct subforum... This subforum is meanth for bitcoin mining questions... If you have a question about altcoin mining, you should post it in the altcoin mining subforum.
Other than that: since the first scrypt asic's hit the market many years ago, it has been a bad idear to mine LTC using a CPU/GPU (like an AWS server).
IF you want to make a profit mining LTC, look out for the most efficient, most sturdy and price/quality most interesting scrypt ASIC, then calculate wether or not you can run it profitably (with your electricity price, import duties,...)
This was the first hit i found on google:
https://www.buybitcoinworldwide.com/litecoin/mining-hardware/I have no idear if the list is any good tough... Like i said: if you want altcoin mining advice, please post in the altcoin mining subforum
EDIT: just a quick proof of my statement:
The antminer L3+ (
https://shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm) hashes at 504 Mh/s with a power draw of 900 Watt, and a price of ~$1500
Compared to GPU mining:
https://gist.github.com/epixoip/a83d38f412b4737e99bbef804a270c40 says a very good GPU runs at 0.4 Mh/s.
http://www.tomshardware.com/reviews/nvidia-geforce-gtx-1080-pascal,4572-10.html says the average power consumption is ~200 Watt, mining makes your GPU run at 100%, so the power consuption will likely be higher...
So, you'd basically need over 1000 high end GPU's to deliver the same hashrate as a single L3+.
1000 GPU's would draw 1000 x 200 Watt = 200 Kw (compared to 0.9 Kw for the L3+)
1000 GPU's would cost 1000 x $600 = $600.000 (compared to $1500 for the L3+)
I didn't do the complete calculations for CPU mining, but i can pretty much guarantee the results would be even more devestating than the GPU comparison.
Bottom line: people running these ASIC's are pushing the diff sky high... You can't compete with an AWS server.
