Before joining the markets and personal finance desk in 2013 I produced the investing section of Forbes.Normally stashing a few rigs at work, hoping nobody notices (hah).Profitability mining Scrypt alt-coins has been consistently significantly higher than mining LTC.I will keep doing this because that electricity cost is a fixed-rate expense, and I can rely on it remaining fixed rate.
What is Litecoin - WorldCoinIndex
Bitcoin Isn’t the Only Cryptocurrency in Town - MIT
Yeah unless your friend bought a shitton when they were worth like pennies and sold em now it would be quite difficult to have 10.Now, take that same drive and determination that you sunk into Litecoin and go make millions doing something real.
Bitcoin Price Ruins Cloud Mining and here's the Good NewsCheck Check to see which are the most profitable coins to mine.You want a computer that uses the least amount of electricity, running as many AMD 7950 GPUs as you can afford.
Could someone point me in the right direction w.r.t hardware setup.You could have made maybe half what of you you ended up with at a fraction of the setup cost.Thinking myself to buy one of those asic models (cheapest) and get 1 bitcoin and be happy with that because it seems the train has already left the station for me.You need to have some sort of edge (free hardware, or free electricity) to beat the difficulty.Using a Litecoin — Bitcoin Exchange to Purchase Litecoins. by. one Litecoin was worth. cryptocurrency and using a Litecoin – Bitcoin exchange to purchase...Then they will tell you how much BTC to send to their address.
I look forward to your next endeavours and congrats on giving it a go.Everything has been set up and basically let the market forces decide.The same with bitcoin, those that invested so much lost it all and there are those that spent just as much, waited longer, and got 10000% return.I started mining with my piffly little Radeon 6970 about a week ago.All miners bleed when they start. there are no miners in the world that plug-in and profit from day one, the thought itself is hugely unrealistic.
I just wanted to know if it would have been any benefit to have started mining another crypto coin that had a lower difficulty.If you have cheap electricity, it might be worth it to mine litecoins.Keep your current LTCs that you still have and come back in a couple years to see if it multiple in price.If you really consider mining litecoin an investment, you have to stick with it for longer than a few months -treat it like a business.
How Much is a Bitcoin Worth? - All How 2'sMining pool comparison. Each submitted share is worth a certain amount of Litecoin. but since the hashing algorithm used by Litecoin is much more complex.You could have piled up a large some of PPC, TRC or FTC with your setup and then converted them to LTC or BTC.If one card rig will make a profit for you, then two will, and then four, and so on and so forth.
You have a fortune sitting in your wallet if you havent sold yet.