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Isn't Litecoin's value more or less pegged to BTC? I did a quick calculation with one of the online calculators [1] and it seems that it's a challenge to turn a
by ValentineC 13y ago
Isn't Litecoin's value more or less pegged to BTC? I did a quick calculation with one of the online calculators [1] and it seems that it's a challenge to turn a profit from Litecoin GPU mining too.
[1] http://ltc.kattare.com/calc.php http://ltc.kattare.com/calc.php
- Jach 13y agoIt used to be more or less pegged, but at least over the past several months it's not quite that simple: http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e http://www.cryptocoincharts.info/period-charts.php?period=al... It's hard to make a profit with litecoin, but a single 7950 can still make you around USD $1/day right now after electricity costs. I have a friend who started mining with 4 of them when summer began, they (and the motherboard, power supply, etc. he used for his setup) ROI'd a while ago. I don't know if it makes sense to buy new GPUs anymore... But at least if it does become unprofitable for all but those who have the best GPUs on the market in the cheapest electricity areas (or even for everyone in the event that litecoin dies completely), you still have very excellent gaming GPUs you can resell at a good price to people on Craigslist/ebay. With the "next gen" of consoles that have just come out being so under-powered, a gamer can expect a 7950 or better to handle any PC ports that come out of this gen...