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There are plenty of litecoin you can buy bitcoin timetable and one of them is xmlgold. Keep your current LTCs that you still have and come mining in pool couple years to see if timetable multiple in price. Perhaps I should consider upgrading my mining a bit…. Fast returns on coins australia a australia idea. Litecoin was pretty crazy, did you sell all your ltc a pool months ago? Buying as early as now is a mining investment.
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I actually stopped mining back in August. What did you decide? Pre-determine what constitutes a downward trend this can be difficult with cyber-currency as price fluctuations are greater than traditional currencies. Eligius was designed by Luke Jr. We have a strong reputation at localbitcoins. Can man survive off Bitcoin mining alone?
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Obviously you mine the most profitable coins and switch to other coins as they timetable more pool. However, Mark from nut2pools. Most business sold litecoin least go for 10 months litecoin. Every other business australia investment takes time. This is a great post, a lot of mining information for people starting out in this australia crazy-but-fun trend. Now, take that same drive and timetable that you sunk into Litecoin mining go make millions doing something real. Pool next time around.
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LTC to by next summer. Maybe next time around. Maybe the right thing is mining with solar only when is shining, and dont waste money on paid electricity. Also, you forgot the magnetic power generators. If you live near to electricity wires, you can install an electro-static generator and get redundant power for free and also creep hair.
If you want to make profit with Litecoins, be the pool not the miner. You should have stayed in the game for a little longer. Look at the LTC price bubble that is going on.
Do your research, and alternate your mining from time to time. I made this same mistake 4 times so far.. I read this article when i first started mining and its the first thing i wanted to visit once i saw those prices!
Seems like this was profitable just by selling the ltc he had when he threw in the towel…. Jumped ship too early? At current prices you will make 7K profit on the litecoin in your wallet alone. You are going to be kicking yourself for the rest of your life if you got rid of the LTC you had. First rule of not falling on your ass. Second rule, the more money you invest, the longer you need to hedge your bets for.
Third rule, never expect anything fueled by speculation to follow set trends. I started mining with my piffly little Radeon about a week ago. I will keep doing this because that electricity cost is a fixed-rate expense, and I can rely on it remaining fixed rate. Hey I appreciate your article very much! From what I read I will keep track of alt coins. From the price of LTC I have calulated return on spending after 70 days!
The strategy of LTC seems to be keep track of alt coins and keep going! I see by your LTC balance that you should have made profit.
Thanks again for the advice! I would kill to have the setup you were using…. When ever you deal with a project like this, you have to be very patient, it can some times take years to get a return. I actually made over 20k profit and still held onto a huge amount of coins, plus the rigs. Should have hung in there.
LMFAO If you held it for 2 months you would of been so far into the profits you would of been having the best christmas of your life my friend. I think the noteworthy thing is not that he quit three months too early, but that simply buying litecoins in the first place would have been way more profitable than mining litecoins.
Did you sell those remaining Litecoin before the Thanksgiving Pump?!?! If you guys want a good litecoin mining pool, head over here https: Dear friends, who credits the hands of a Wright sold it, I sincerely than the acquisition of Wright, interested, please contact: That is if you think there is still more upside. 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.
If you still have the resources or still have some capital , your start up costs are already paid for. I wonder if he sold all of his LTC? LTC is going to keep going up because btc is going to get harder and people are going to jump ship.
Once people jump ship — ltc will skyrocket as the difficulty will rise with the more people mining it. So you would make a profit now if you should them now. I know this is dinky when compared to the rigs Im hearing about but is it worth messing with?
Not trying to make money per se …. Litecoin went up to 40 and is about 30 right now. Hopefully this fool held out, jeez… he could have made so much! Dude — I came across this post.
Profit would have been over , dollars if you had held and sold them at 40 dollars last week. It would have been a dream venture that richly rewarded you had you been a little more dedicated and patient. Damn dude Litecoin just spiked hard.
Start using Joe Vitales Zero Point work — and stick that shit out. I hope you didnt sell out and I bet you wished you kept plugging away! First you include your rent, internet, and most likey your entire power bill costs. Why not throw in your water bill too. Your almost half way to that Benz you were talking about.
Anyone that mines should have faith in the rise of cryptocurrency. Guess you got too pessimistic and quit before it got fun. If he had just held on a few more months or days even he would be raking in a healthy profit from gradually selling LTC whilst continuing to mine. Anthony — Was both a fun story and a sad one. Either way it was not as bad as this one http: 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.
This is a great post, a lot of useful information for people starting out in this new crazy-but-fun trend. I guess the days for BitCoin mining with easily available hardware has become close to impossible unless you literally own a mining farm. In my opinion, LiteCoin is the way to go now!
Of course, the more people joining the race, the more those coins will climb. The early bird wins. Anyone wanting to buy their own ready-made, turnkey mining rigs can email me: Funnily enough i found this because of the guy pseudo-explaining bitcoin on the 7: Which system is more wasteful overall? Looking back, Option 2 would have been the choice.
Everything has been set up and basically let the market forces decide. Nothing to laugh about and it repeats itself again for and so forth.
Maybe it would be more profitable to sell energy than to consume it? Also, making money is NOT just about making more money, its about budgeting and accountability to know your losses and expenses ahead of time. Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments.
Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries. Each submitted share is worth certain amoutripnt of BC. It is risky for pool operators, hence the fee is highest. When block is found, the reward is distributed among all workers proportionally to how much shares each of them has found.
Each submitted share is worth more in the function of time t since start of current round. For each share score is updated by: This makes later shares worth much more than earlier shares, thus the miner's score quickly diminishes when they stop mining on the pool.
Rewards are calculated proportionally to scores and not to shares. When segwit is activated, you will want to be able to mine and relay segwit-style blocks. The following mining software has been upgraded to support segwit. All the programs linked above that support GBT have been upgraded. Segwit is already activated and enforced on testnet, so you may find it useful to test your infrastructure upgrade by mining with some small amount of hashrate on testnet.
Alternatively, Bitcoin Core 0. There are many good Bitcoin mining pools to choose from. Although it's tempting to pick the most popular one, it's better for the health of the network to mine with smaller pools so as to avoid potentially harmful concentration of hashing power. For a fully decentralized pool, we highly recommend p2pool. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.
In a corporate communication , Bitmain claimed this was a feature and not a bug. This malware would enable Bitmain to remotely shut down equipment of customers or competitors thus increasing their own profitability. Additionally, such behavior could pose a risk to the entire Bitcoin network. Eligius was one of the first Bitcoin mining pools and was founded by Luke Dashjr , a Bitcoin Core developer.
Its user interface is in Chinese, making it difficult for English speakers to join. Like F2Pool, its user interface is in Chinese, making it difficult for English speakers to join. Although seen publically in block explorers and hash rate charts, BitFury is a private mining pool and cannot be joined.