dogecoin 2016 predictions
And this is not even its final form. Calculator means that as demand rig, there will be a larger supply of Litecoins to meet it, at least initially. A mortgage to you dear sir: Will edit the OP to include this calculator. Realistically calculate your ROI and litecoin under the impression there are many new miners hopping on this bandwagon in the near term. To help in selection, the Bitcoin Wiki provides mining handy mining hardware comparison: At LiteGardian there are miners outting a total HR of 9.
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Which makes them very very misleading. Now you must ask - how many workers does each miner run.. But once it gains serious value I'm sure someone will figure out a way to create specialized ASIC-like hardware to dominate that market as well. These are some nice rigs, my favourite is 7, looks so cute: All submissions related to your affiliation will be blacklisted if found to be spamming.
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Litecoin miner is clearly part of the tidy group. Whats up with that? Mining is mostly only worth while during the few months after release of a cryptocurrency. Hi, do U rig where I can buy litecoin mining mining of mortgage shelves where I calculator plug and install and start mining litecoin straight away? But I'm keeping an open mind and intend to watch them all closely in the coming months.
Litecoin mining rig calculator mortgage
And this is not even its final form. Is this one of the best DIY transformations in the mining field we have ever seen? You can bet on it. Have you ever seen plastic baskets making money? Well, these are different. An industrial one, but still a mining rig. This amazing mining rig has the advantage of being waterproof, besides powerful and easily portable. Do you need more? It also looks super cool! Hi, do U know where I can buy litecoin mining rig of the shelves where I can plug and install and start mining litecoin straight away?
These are some nice rigs, my favourite is 7, looks so cute: Anyway, visit my site and help me grow the list! Last updated on October 13th, at Notify of new replies to this comment. This would be the time where no one is exchanging the coins really only miners and thus is more economical to mine them. Though this is not always so. Negative returns in place with higher power costs. That's what I was making a couple months back. I only mean this as a warning because I got in when profitability was high and watched as my estimate ROI date went from 1 month to 2 month to a year, to never.
It's a piss off when you've worked hard on something like this and taken a risk only to lose out. I built a rig in March when there was a surge in price like now. Yes I did pay it off now. Go back and calculate how much it would cost build a rig at the beginning of summer and how much you would have got out by October. If you held them and were able to generate a good amount when they were cheap, I can't see how you did not make a profit.
I'm currently collecting 15 to 25 dollars in bitcoin in middlecoin. I was talking about a couple months back. I'm just saying there are and will be times when profitability is very low. How about this then. Add that with my existing rigs, and my total would be around 4. Optimistically this rig would pay itself off in about month at middlecoin.
Do you think I would be able to ROI or is 30 days enough time for the difficulty to increase in the profitable altcoins to make that unlikely? I look at it as a race against the clock. If you make you're money, or close to that by the time we've got back down to that lower equilibrium, then you're in great shape. If it's going to take you a month to get all the parts and get your rigs stable, then it's a much larger risk.
This only applies to LTC. But isnt it worthwile to just keep switching to differenct coins you mine? There will always be other coins that are better to mine than LTC will be.
Yes, there will always be other scrypt coins to mine and automatically convert into Bitcoin or Litecoin. Once everyone starts doing this, the advantage will go away. However, the general methodology applies to all cryptos. You can't escape difficulty increases - however, at the early stages of a new currency coin mining is less competetitive therefore your proportional generation rate may be larger than that of LTC.
Other coin decrease at the same rate. Look at the profitability of hashco. You might get a few percent better return there, but nothing game changing. Anyway, probably see some cheap video cards in the next couple months when newbs figure this out the hard way. I just last night bought a an XFX I'm wondering if I'll ever make that back now, or even if I'll make half that back. Assuming free electricity, how are my chances?
I would definitely game on it, however I'm not displeased with my current card, so could take or leave a new card for gaming You can also consider speculation though. You might be making 0. In January you are down to 0. It depends on the price of LTC. You shouldn't really consider speculation on a ROI calculation. In fact for the purposes of this discussion I think it's optimistic to assume the value is going to hold where it is. If you're considering speculation then speculate.
It makes more sense if that's your outlooks to just purchase LTC in whatever quantity your hardware budget allows. Increasing difficulty is a certainty, it makes sense to try and come up with a realistic assessment of that rate of increase. I hope that OP is painting a worst case scenario but it's a variable that has to be considered. Price can go in either direction. I think it's fair to say we're in a bubble and none of us know how long it's going to last.
I wouldn't be here if I didn't hope the price will increase but I'm not going to base my behaviour in this market solely on that hope. Honestly though I would be happier right now if the price took a hit and scared off some of the new hardware. Can someone please write a detailed article on the 'Miners Fallacy' that speculation is part of the profit of mining.
I've been trying to explain the obvious fallacy of this to people for so long, but I've given up and people are generally unconvinced. That's true, but if you want to speculate on the price, it would make more sense to buy coins instead of mining them yourself.
IMO the only scenario where mining would be the better option is if you're expecting a slow increase in difficulty AND roughly unchanged prices. In all other cases buying coins would be the smarter option. Plus this is difficult to do if you're not set up to buy Bitcoin already see all the posts from people asking how to buy Litecoin.
This is why I am mining rather than buying also because I only have to pay for power since I already have a lot of hardware It may take longer, but I end up with more LTC in the long run, for less money.
That's exactly what I was saying. If you're expecting unchanged prices and a slow increase in difficulty, mining is the way to go. In all other cases it is not. I think this should be a 'sticky' for the next few weeks. I have often thought about this but was too lazy to take the time and effort to do the research and calculations. Kudos to the OP for your efforts.
Lots of people jumping on the bandwagon and dropping K for rigs. Even at this point, there is a very clear level of risk involved in where you could lose out. If the trend continues, you better be ready for the long haul just to break even. Is there a calculator that does profitability including the increases in difficulty, I know they exist for BTC.
Otherwise what equation are you using to calculate the number of coins returned based on a given hash rate and difficulty? Just started as of today with 3x's and it seems that I'll never make my money back. Obviously I'll have the hardware. I found this as well after posting this last night. Will edit the OP to include this calculator.
I have a and my elec cost is. The calculator says yes, I just want to make sure i'm reading it correctly. Informative post, but as always its very difficult to calculate a precise ROI in such volatile economies. For example since your post, LTC has risen aprox. Fact of the matter is there aren't many investment opportunities around where you can get the costs of all you hardware covered in such a short time scale, then it's all profit afterwards.
Also I for one hate buying cryptos when I could use that money for mining gear and get my own; no risk or scams to worry about. Prudent way to mine bitcoin atm is to set up a ltc rig and exchange the ltc for btc, far quicker, easier and more profitable.
Now for me to get that amount of btc with btc mining what hash rate would I need? I'm going to say about 35 ghps, so yeah! The whole reason i started messing with my own btc and now ltc calc was because everyone was coming to me asking me to build them mining rigs because all the calculators said they would be millionaires. This was of course, before asics dropped onto the scene but regardless, most people just dont know how to use the calcs, they just enter a hashrate and hit go and think its that return forever because they dont understand what to look for.
But read a few of the other posts here and one of my final comments You may ROI vs. Now difficulty of ltc is 1. Yes this is true - you can mine other alt coins with the same GPU setups. This post is meant to address LTC only. Adding in other alt-coins into the equation adds additional unpredictable variables. I think LTC exists because the community can't mine bitcoin anymore LTC exists as an early copy of the BTC blockchain with the modification of a couple variables that the creators though would help Litecoin be more sustainable.
These variables include - block generation time and therefore transaction frequency and total number of litecoins possible 4x that of BTC. There are others here that are more versed in litecoin that could add to this post. Thanks for this excellent post, the best explanation I have seen on how to estimate ROI when considering buying a litecoin mining rig. Good post however I have a feeling that as soon as the difficulty gets higher people will drop like flies at the extremely low profits being gained making the difficulty go up slower.
If interested new analysis here: Not always true, when LTC asics come out in months time you may pay more for electricity then you will get as a return in LTC so you would actually be losing money assuming you have GPU mining rig. Whats up with that? I don't know a lot about them but based on the fact that Scrypt is much more memory intensive I can imagine it has something to do with that.
We know that memory is often times the most expensive component or the second most at least of modern GPUs, and thus ASIC designs would need to ensure lots of fast memory for the Scrypt hash algorithm.
Quantity of memory isn't a huge deal, it's an easy problem to solve with dollars, but having a wide memory bus requires additional chip real-estate to handle all those data lines.
GPUs have nice wide memory buses paired with fast RAM, however their processors are relatively general purpose. That means you're basically in GPU price territory right off the bat, plus whatever premium comes with the new chip. I'm an EE and concentrated on digital circuits in school. I'm sure someone knows a lot more than I do. Yea, an scrypt asic becomes very similar to GPUs at that point vs bitcoin ASICs, but of course specifically made for generating scrypt hashes.
The problem is how the hell do you fab and build asic boards as cheaply as mass produced gpus if both have similar fab requirements? So should I still go through with my rig? If the difficulty rises along with the price per LTC.. I'll be fine still? Yes, for two reasons. I am a gamer and after its all done I'll have plenty to game with. Secondly I am in it for the long haul, I believe prices will rise with difficulty increase and with a halving of rewards.
You have to remember that mining shouldn't be hugely profitable as you mine. If it is, it will become harder but the things you mined in the past will be worth more. The picture hasn't changed its just normalizing. Here read this guys article from before the boom http: I knew it would rise, but not at the rocketing rate it has. Either that or he threw his hard drive in the bin and is now scouring landfill like that pommy bloke. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.
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