Bitcoin Forum
May 04, 2024, 04:35:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Alternate cryptocurrencies > Marketplace (Altcoins) > Litecoin cheaper to mine or buy outright???
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Litecoin cheaper to mine or buy outright???  (Read 767 times)
Timbits (OP)
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
January 31, 2015, 04:05:28 AM
 #1
Just looking to invest a few bucks in the coming weeks any suggestions?
1714840552
Hero Member
*
Offline Offline

Posts: 1714840552

View Profile Personal Message (Offline)

Ignore
1714840552
1714840552
Reply with quote  #2
1714840552
Report to moderator
1714840552
Hero Member
*
Offline Offline

Posts: 1714840552

View Profile Personal Message (Offline)

Ignore
1714840552
1714840552
Reply with quote  #2
1714840552
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714840552
Hero Member
*
Offline Offline

Posts: 1714840552

View Profile Personal Message (Offline)

Ignore
1714840552
1714840552
Reply with quote  #2
1714840552
Report to moderator
jawitech
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
January 31, 2015, 04:30:06 AM
 #2
Quote from: Timbits on January 31, 2015, 04:05:28 AM
Just looking to invest a few bucks in the coming weeks any suggestions?

Nearly all coins are cheaper to buy than to mine. Especially the ones with big hashrate and difficulty (like BTC, LTC, DRK,...) unless you have free power.
JessicaSe
Legendary
*
Offline Offline

Activity: 840
Merit: 1000



View Profile
January 31, 2015, 12:54:21 PM
 #3
Quote from: Timbits on January 31, 2015, 04:05:28 AM
Just looking to invest a few bucks in the coming weeks any suggestions?
yes buying the coin is better then mining when you have small budget,if you have big budget to setup big mining farm then you can try mining
bitwarrior
Legendary
*
Offline Offline

Activity: 1764
Merit: 1000



View Profile
February 01, 2015, 03:55:41 AM
 #4
Quote from: jawitech on January 31, 2015, 04:30:06 AM
Quote from: Timbits on January 31, 2015, 04:05:28 AM
Just looking to invest a few bucks in the coming weeks any suggestions?

Nearly all coins are cheaper to buy than to mine. Especially the ones with big hashrate and difficulty (like BTC, LTC, DRK,...) unless you have free power.

Yep, this is true to me as well, its cheaper to buy than to rent a mining rig and mine your chosen coin, unless ofcourse you have free electricity . In any case you might try https://www.whattomine.com on sorting your chosen coins.
Evil Steve
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
February 02, 2015, 03:26:30 PM
 #5
It's too much hassle to start mining and you'll probably be dissapointed with the results. I'd just try buy some cheap coins as they're pretty cheap currently anyway. If you want to try mine I'd pick a newer alt coin but personally I wouldn't bother with mining at all.
Pages: [1]
  Print  
Bitcoin Forum > Alternate cryptocurrencies > Marketplace (Altcoins) > Litecoin cheaper to mine or buy outright???
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!