Hello everyone!The Ethereum at the beginning of the year to $ 1400 dropped to $ 370. The fifth currency in the crypto world, Litecoin, exchanging at the rate of 360 dollars in December, now costs 117 dollars. Whether to invest in Litecoin now or wait for the further drawdown!?
no clue ...but mining currently sucks the big one...not sure if BTC was to hit $4k and LTC prices were to follow, as usual, anyone could make any $$$ worth keeping up an L3+
this, as usual, is from
www.litecoinpool.org/calc litecoinpool calculator (which includes its 1% bonus over as a free LTC pool)
So at 12c kWh and 300mh and 1,250 watts, a KNC Miner at $114 LTC gets:
KNC Titan 300mh = -$1.18 loss per day!
24 hours 0.02118514 LTC 2.42 USD 3.60 USD -1.18 USD
7 days 0.14829597 LTC 16.91 USD 25.20 USD -8.29 USD
30 days 0.63555416 LTC 72.45 USD 108.00 USD -35.55 USD
So at 12 kWh and 250mh and 400 watts, a Bitmain L3 at $114 LTC gets:
L3 = $0.86 per day!
24 hours 0.01765428 LTC 2.01 USD 1.15 USD 0.86 USD
7 days 0.12357998 LTC 14.09 USD 8.06 USD 6.02 USD
30 days 0.52962847 LTC 60.38 USD 34.56 USD 25.82 USD
So at 12c kWh and 500mh and 800 watts, a Bitmain L3+ at $114 LTC gets:
L3+ = $1.72 USD per day!
24 hours 0.03530856 LTC 4.03 USD 2.30 USD 1.72 USD
7 days 0.24715995 LTC 28.18 USD 16.13 USD 12.05 USD
30 days 1.05925693 LTC 120.76 USD 69.12 USD 51.64 USD
This is the 'perfect storm' of Bitmain as a monopoly of 'many flavored' ASIC's (scrypt-pow above) and their method of equipment dump (toasters) with the
overall amount of miners (again of any flavor) above again...scrypt-pow (LTC) and still stuff flowing out....with the low price....BTC leading the way...FUD
and $1.5 Billion dollars of mt. gox BTC ready to dump, as soon as the trustee panics (driving BTC down and crushing alts) I'm not sure how it could look
much worse for LTC at this point in time.
We could be done mining practically anything ....over say 5c kWh electric of ANY POW COIN by say July 2018.
So the price, either breaks up soon, to overcome all the equipment and difficulty...or the MAJORITY of scrypt-pow miners left mining in the world will be L3+'s
PERHAPS, after April 17th in the USA and taxes are filed...we could see SOME price stability....but not looking to hot right now on any crypto front. That is
on 'slim' hope on what seems to be happening above.
ugly, ugly, ugly
brad
Mining is more like gambling rather than business, sometimes win and sometimes lose. but whatever you win or lose, the banker always win. That banker is bitmain for sure.