How much is a normal amount to mine a day?

[Soappa]

Yea I used to be mining about 0.01 BTC a day (on clevermining.com) with a nice gaming computer (desktop of course), but now with the summer and the trash difficulties, I had to stop mining. It made my room hot and I would only make about 0.002 BTC a day, which is only a fraction bigger than what the electricity costs.

Why did it go down so drastically?

The difficulty today is 18,736,441,558 while the difficulty a year ago is 31,256,961.

The difficulty is 600x higher, and so the mining revenue is 1/600 of what you used to get a year ago.

Wow it is hard to believe that difficulty has gone up that much in just one year. I guess that is what ASICs will do to the network.

And so the difficulty increasing rate is the biggest factor in determining the ROI of buying ASIC.
If you have ignored or underestimated it, you will get a big surprise and possibly a big loss.

[williamj2543]

Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.

[Soappa]

Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.

The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.

[ranochigo]

Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.

The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.

Litecoin isn't as stable as BTC is, it can crash anytime soon. Also, if they would be mining scrypt coins, they would use a multipool instead of just LTC to maximize profits. BTC however, is a different case, there isn't much stable SHA256 alt coins and their difficulty would rise very fast.

[Soappa]

Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.

The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.

Litecoin isn't as stable as BTC is, it can crash anytime soon. Also, if they would be mining scrypt coins, they would use a multipool instead of just LTC to maximize profits. BTC however, is a different case, there isn't much stable SHA256 alt coins and their difficulty would rise very fast.

Very true, and indeed LTC crashed already from $48 in Nov 28 to $7.7 now on btce. https://bitcoinwisdom.com/markets/btce/ltcusd
For comparison, BTC dropped from $1100 to $590 now on btce.

[kerimk2]

Bye the way I was talking about litecoin, not bitcoin difficulty. I never mined bitcoin.

The LTC difficulty has been rising not as fast as BTC, but I guess it will be a completely different case when the new generation of powerful scrypt ASICs are delivered.

Litecoin isn't as stable as BTC is, it can crash anytime soon. Also, if they would be mining scrypt coins, they would use a multipool instead of just LTC to maximize profits. BTC however, is a different case, there isn't much stable SHA256 alt coins and their difficulty would rise very fast.

Very true, and indeed LTC crashed already from $48 in Nov 28 to $7.7 now on btce. https://bitcoinwisdom.com/markets/btce/ltcusd
For comparison, BTC dropped from $1100 to $590 now on btce.

Yea, I was depressed when the price just kept going down from its peak

[Candystripes]

Yeah, SO how much is normal

That's like being a noob to earth and asking, what is the normal pay of a human.

It doesn't make sense to ask that at all.