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Author Topic: Litecoin Questions  (Read 1189 times)
Sherkel
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December 02, 2011, 07:03:18 PM
 #1

I saw in a thread (I forget which...) that it is more profitable to CPU mine for Litecoin than Bitcoin. Seeing as I don't have a mining GPU yet, I put on the Litecoin miner overnight to give it a shot, but I have a couple questions:
- why is it better to mine Litecoins than Bitcoins if you only can use a CPU?
- what is the Litecoin to Bitcoin exchange rate (or where could I find it?)
Answers would be appreciated.

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kronosvl
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December 02, 2011, 07:11:33 PM
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litecoin uses scrypt instead of sha-2. this algorithm is suited for cpu and not gpu.

here is an exchange: https://btc-e.com/exchange/ltc_btc

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Gabi
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December 02, 2011, 07:29:38 PM
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Quote
- why is it better to mine Litecoins than Bitcoins if you only can use a CPU?
Because you mine litecoin and sell them for bitcoins. You gain much more bitcoin in that way than directly mining bitcoin with a CPU
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- what is the Litecoin to Bitcoin exchange rate (or where could I find it?)
One exchange is https://vircurex.com/ , you can check the price there
JRam
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December 03, 2011, 02:31:33 AM
 #4

Coinotron here http://coinotron.com/coinotron/AccountServlet?action=home has profitability ratios which I found helpful at times.

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