Shall this mining strategy work?

[Triton]

I'm thinking of mining alternative cryptos and trading them in for BTC and LTC. The alt crypto have lower difficulty and higher profitability.

But I really don't know whether it's worth it. I'll use a GPU miner to mine for Scrypt based currencies then trade them for LTC/BTC.

i shall use 3 Sapphire  r9 280x Dual-x to mine. But I don't know how many e.g., Emerald coins, Cryptogenic Bullion, Mincoin, etc coins shall i be able to mine a day with this strategy. I'll shift between coins depending on profitability.

I am considering this strategy other than mining for LTC directly. I'm wondering if this strategy is better than mining for LTC directly.

[hhs99]

Use multipool.us it switches for you based on profitability. Its working well for me and my R5 240's

[Triton]

Use multipool.us it switches for you based on profitability. Its working well for me and my R5 240's

Is using multipool.us then exchanging the coins for BTC/LTC better than directly mining LTC? with 3 sapphire's I'd be able to mine .7 LTC a day.

[arkintunde]

The exact purpose of multipool is what you are stating. Multipool wouldn't exist if it wasn't because you could do exactly what you are saying. In short, yes, it should be more profitable theoretically. Go to the site, there's a profitability indicator right at the homepage.

[hhs99]

it has its good days and its bad days but overall its a little better in my opinion.

[Triton]

The exact purpose of multipool is what you are stating. Multipool wouldn't exist if it wasn't because you could do exactly what you are saying. In short, yes, it should be more profitable theoretically. Go to the site, there's a profitability indicator right at the homepage.

I went to multipool.us...It says it's currently mining Dogecoins for scrypt and the profitability is 76.46...but that is that 76.46 within a day or what? i may need a lot more than that to trade for 1 btc.

Also, after mining the profitable coin, do you immediately go to cryptsy/bter to trade for ltc/btc? or is it automated ? or can be

[hhs99]

the 76.76 is a "percentage" of sorts. at 80khash im getting around 14ish Dogecoins a block. You set the payout to the wallet address of your choice. you can automate cryptsy if you wish. there are videos on this.

[arkintunde]

there's a help section you can read to learn what the profitability is and what to do with your newly mined coins. Not sure if you need to sign up first, but it should answer your questions.

[Amph]

just mine in solo

you get more profit trust me

3 x 280x are enough to mine in solo even coins that are above 100 difficulty, easily

[Triton]

just mine in solo

you get more profit trust me

3 x 280x are enough to mine in solo even coins that are above 100 difficulty, easily

Do you mean mine ltc directly?

[Amph]

no, i mean mine in solo coins, with low difficulty

such paycoin, diamond, globalcoin and all the new coin

but for now doge seems the most profitable

but you need patience, you can expect to make one block per day, with coins at 50 difficulty

[Triton]

no, i mean mine in solo coins, with low difficulty

such paycoin, diamond, globalcoin and all the new coin

but for now doge seems the most profitable

but you need patience, you can expect to make one block per day, with coins at 50 difficulty

ok so we're back to multipool.us mining.

My main concern was if it makes more ltc/btc than mining them directly. Apparently on average it does, which is great news.