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Author Topic: Which one? Litecoin vs. Bitcoin  (Read 10708 times)
tom10122
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February 27, 2012, 09:00:16 PM
 #1

So all im doing is processor mining(dont say that it sux i know)

On bitcoin mining i get at least 12MHashes]

On Litecoin mining i get 6-11 KiloHashes

Which one is more worth it ? Im  just going to convert litecoins to btc anyway fyi.
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jake262144
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February 27, 2012, 09:07:31 PM
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Don't bother with Bitcoin CPU mining.
That 12 MHash/s will take like 5 months to earn you a single bitcoin.
tom10122
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February 27, 2012, 09:08:38 PM
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I said dont say that iknow , but would it be worth it to mine lite coin and then convert?
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February 27, 2012, 09:15:37 PM
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Dude you are seriously wasting your time. At like $10 per year where are you going with this? This is not worth the effort and you will kill your CPU way before you make enough money to pay for another one. Take our advice and don't CPU mine period.

124ExGY8igKZzpbti7vzvXqajVc8AC6vi8
tom10122
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February 27, 2012, 09:20:33 PM
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I KNOW god , im just mining till i get maybe .1 then i do sum investing.
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February 27, 2012, 09:23:02 PM
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I actually read your post.  Grin

Mine Litecoin and then convert to Bitcoin. Litecoin has a higher profitability on CPUs.
jake262144
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February 27, 2012, 09:33:36 PM
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Don't bother with Bitcoin CPU mining.
That 12 MHash/s will take like 5 months to earn you a single bitcoin.

I said dont say that iknow , but would it be worth it to mine lite coin and then convert?
What was unclear about my post?
You asked: A or B?
I answered: not A.
tom10122
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February 27, 2012, 09:54:03 PM
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I actually read your post.  Grin

Mine Litecoin and then convert to Bitcoin. Litecoin has a higher profitability on CPUs.

Thanks Grin Grin
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February 27, 2012, 10:26:47 PM
 #9

Is it really worth getting involved with litecoins? Is it easy to exchange currency's with it? From what I could find online it seems to be just starting. I couldnt find a market to even exchange the litecoins.

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February 27, 2012, 11:03:03 PM
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Is it really worth getting involved with litecoins? Is it easy to exchange currency's with it? From what I could find online it seems to be just starting. I couldnt find a market to even exchange the litecoins.

btc-e.com and vircurex.com are two that I know of.
very easy to speculate as there can be 10-50% swings on some days

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tom10122
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February 27, 2012, 11:16:14 PM
 #11

Is it really worth getting involved with litecoins? Is it easy to exchange currency's with it? From what I could find online it seems to be just starting. I couldnt find a market to even exchange the litecoins.

btc-e.com and vircurex.com are two that I know of.
very easy to speculate as there can be 10-50% swings on some days

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yea early adopters of bitcoins are loaded now lol
the joint
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February 27, 2012, 11:21:38 PM
 #12

Here's what I would do if I were you (assuming I had no extra funds to invest):  Mine litecoins.  Keep em, save em, store em.  Take $5 and buy 1 Bitcoin, or (in about 2-3 weeks) take 100 mined litecoins and sell them for .1 BTC.  Save that, and store it.

Then wait 10-20 years and see if you're wealthy.

late443
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February 28, 2012, 12:13:47 AM
 #13

Here's what I would do if I were you (assuming I had no extra funds to invest):  Mine litecoins.  Keep em, save em, store em.  Take $5 and buy 1 Bitcoin, or (in about 2-3 weeks) take 100 mined litecoins and sell them for .1 BTC.  Save that, and store it.

Then wait 10-20 years and see if you're wealthy.
what he said lol.
If i were you I would stick to mining Litecoins.
Save them and maybe in 2 years they will be worth something.

aaa801
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February 28, 2012, 01:55:29 AM
 #14

id recommend mining litecoin using p2pool, it takes a little bit to set up but once its done its easy enouth to mine Wink
40khashs here

LTC: LUUikznZrvDb65ZCNQUNCiTaCB4CWGYRSZ
BTC: 1325TrScK8jkiPuMEMxNf1VXHHfnR1QtgN
TravisE
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February 28, 2012, 11:33:10 AM
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Here's what I would do if I were you (assuming I had no extra funds to invest):  Mine litecoins.  Keep em, save em, store em.  Take $5 and buy 1 Bitcoin, or (in about 2-3 weeks) take 100 mined litecoins and sell them for .1 BTC.  Save that, and store it.

Then wait 10-20 years and see if you're wealthy.

Hehe, that's sort of what my policy is right now. All I have for bitcoin mining is an old Nvidia GeForce GT 240 at 15–20 MH/s with p2pool, so I'm not going to make a ton of bitcoins any time soon, but what the heck. Tongue It almost seems that CPU-mining Litecoins and then trading them for Bitcoin is more profitable at this rate (old GPU, but fairly recent mid-range CPU), though the high variance could be fooling me. What I intend to do is trade some Litecoin for Bitcoin (especially if Litecoin's price happens to rise), but keep a little of both. Then wait a few years and see what happens. Smiley

BTC: 12kqUSiGPFVYVqYZAT6r2EeTxZstFJE35j
LTC: LU2XpxEqmyUhLmXucaEr3TReaYSjgfTbmRBTC:
mountainskyman
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March 01, 2012, 06:12:21 AM
 #16

Not too much about litecoin found yet but was able to find a facebook page on litecoin at facebook.com/litecoin

Is anybody here using it yet?

Regards,

mountainskyman

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March 01, 2012, 06:31:38 AM
 #17

I think it's not clever to make so much branches of bitcoin.

late443
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March 01, 2012, 08:59:09 PM
 #18

Not too much about litecoin found yet but was able to find a facebook page on litecoin at facebook.com/litecoin

Is anybody here using it yet?

Regards,

mountainskyman


Its still in the early stages of development http://litecoin.org/  Smiley
I mine Litecoins currently but very few people have gone into business with Litecoins as the sole currency of exchange.
Most people will just exchange it for bit coins or hold onto them http://www.litecoinpool.org/charts bottom chart shows current price rates (1litecoin = 0.00170 bitcoins 3/1/2012)

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March 01, 2012, 09:40:20 PM
 #19

We started LiteBit to create an online community for Litecoins.  We're even promoting our 1st Annual Litecoin March Madness NCAA Basketball Tourney right now.  Still weeks away before they select the seedings but plenty of time to join our private Litecoin group over at Yahoo! Sports. 

We also are trying to promote all the Bitcoin and Litecoin projects we can find.  We offer this free and most of the time are directing back to Bitcointalk for the relevant forum topics surrounding each project.

http://litebit.co

the joint
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March 02, 2012, 06:44:59 AM
 #20

We started LiteBit to create an online community for Litecoins.  We're even promoting our 1st Annual Litecoin March Madness NCAA Basketball Tourney right now.  Still weeks away before they select the seedings but plenty of time to join our private Litecoin group over at Yahoo! Sports. 

We also are trying to promote all the Bitcoin and Litecoin projects we can find.  We offer this free and most of the time are directing back to Bitcointalk for the relevant forum topics surrounding each project.

http://litebit.co


Looks very nice so far Smiley

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