Litecoin Solo Miner Calculator Cloak Cryptocurrency

If any cryptocurrency succeeds, I think it will be Bitcoin. I found Gridseed Miner Litecoin Cryptocurrency Ico To Buy as well after posting this last night. 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? Spend Litecoin The Math: At Tax And Litecoin Ruby Cryptocurrency time of posting Emerging Consensus Bitcoin Dfinity Vs Ethereum That means you're basically in GPU price territory right off the bat, plus whatever premium comes Safe Wallet For Bitcoin Sale And Purchase Ethereum Privacy the new chip. The goal of a memory-bound proof-of-work is not "to maximize hashrate". So should I still go through with my rig? I've heard it's hit or miss on higher numbers for x sometimes The proper way to look at mining rig ROI rates is brought up in various places, but it is clearly being ignored en mass i. The picture hasn't changed its just normalizing. That hurts ROI even more in some cases. Now difficulty of ltc is 1. Your scope of time is too limited. New miners and quantity of available new GPUs. I hope that OP is painting a worst case scenario but it's a variable that has to be considered. Past difficulty increases have been between The calculator says yes, I just want to make sure i'm reading it correctly. A gift to you dear sir: Want to add to the discussion? I'm wondering if I'll ever make that back now, or Litecoin Solo Miner Calculator Cloak Cryptocurrency if I'll make half that. I have a and my elec cost is. Do you guys believe that this applies to profit switching pools as well? Part time Litecoin Segwit Fee Bancor Cryptocurrency Price gaming rigs? I look at it as a race against the clock. Going through thread after thread I am consistently seeing a common misconception. But the influx of newcomers, looking for free money, are all going to be selling. It's a profit, but is it one you would be happy with? 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. Two good calculator alternatives. There are only 12million BTC mined so far.

Litecoin Mining Calculator and Profit Calculator

Here read this guys article from before the boom http: The same goes for a memory-bound pow that needs to do a lot of work accessing main memory. Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. Also have to consider that the price of LTC isn't fixed. 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. A gift to you dear sir: Click here to visit our Twitter. But in the meantime, I agree Primecoin has serious potential, and am mining them on this computer as I type this. Thanks for this excellent post, the best explanation I have seen on how to estimate ROI when considering buying a litecoin mining rig. You said asses instead of assess. Submit a new text post. I estimate that this approximate 50k workers equates to less than 25k individual miners. There will always be other coins that are better to mine than LTC will be. Mining alt coins is actually one of the reasons I decided to set up a mining rig rather than just buying litecoins outright. That's what I was making a couple months back. 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. Sadly, few altcoins take such care with their implementation. Welcome to Reddit, the front page of the internet. Everything else was gone, gone, gone. Contact the mods Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. Just a bit of food for thought. By posting your answer, you agree to the privacy policy and terms of service. Back to my previous examples. In all other cases it is not. I estimate that this approximate 50k workers equates to less than 25k individual miners. This, it turns out, is an exploitable difference that memory intensive algorithms take advantage of. With the bitcoin mining arms race heating up for the wealthy elite, they are going to own a shit load of BTC. 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? Submit a new text post. I have a and my elec cost is. Because GPUs have so many cores, each core has access to only a miniscule amount of RAM, often an amount measured in kilobytes. If you held them and were able to generate a Litecoin Solo Miner Calculator Cloak Cryptocurrency amount when they were cheap, I can't see how you did not make a profit. Click here to visit our Twitter. Here's how it works: If you were mining LTC a year ago and paying electricity you were probably barely breaking even, maybe earning a little at the LTC value Litecoin Solo Miner Calculator Cloak Cryptocurrency. Plus it gives me a warm fuzzy feeling that the proof-of-work calculations are being used to advance science. Given that the price has been going up as of late, apparently there are other non-miners out there buying up coins. Do you guys believe that this applies to profit switching pools as well? I'm going to say about 35 ghps, so yeah! With such fast main memory, I'm sure your machine would be pretty good for mining MemoryCoin whose proof-of-work algorithm, Momentum, requires a lot of RAM. Is there a calculator that does profitability including the increases in difficulty, I know they exist for BTC. The calculators will paint the rosiest picture possible since Aux Cryptocurrency Best Ios Crypto Currency App are not crystal balls, merely a calculator based on current known data. I've seen over I hope that OP is painting a worst case scenario but it's a variable that has to be Minergate Cloud Vs Genesis Mining Best Bitcoin And Altcoin Mac Software. 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. These few are acting like the banks of today by validating transactions, while we may see that as a 'money maker', there are plenty of other Cloud Mining Vs Buying Bitcoins Cryptocurrency Mining Contract viable options: These provide a number of outputs revenue rates over different time scales. This is my biggest fear about bitcoin. So I employ you to ask yourself a few of the following questions What is a realistic number of GPUs to enter the network in the next month? The way I see it it's even better to buy R9 than HD series for this reason alone because it's dated as it is now and fetching crazy prices that no gamer would pay for it. Want to add to the discussion? There are others here that are more versed in litecoin that could add to this post.

Your Answer

In short, there is almost certainly a coin out there that can make use of such an obscene amount of system memory, but that's almost certainly a sign that they did it wrong since the goal of such an algorithm should be to maximize hashrate on the target device CPUs for the sake of network security while preventing acceleration from non-target devices CPUs, FPGAs, ASICs. Copied verbatim from its tech page:. Setting up the mining operation is pretty simple I admit, slightly confusing at first.. This makes the memory requirements somewhat secondary in nature - you will still require a lot of computing power to mine and it is this computing power that will largely determine your results. Here's how it works: Because GPUs have so many cores, each core has access to only a miniscule amount of RAM, often an amount measured in kilobytes. Given that the price has been going up as of late, apparently there are other non-miners out there buying up coins. 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. Your scope of time is too limited. You might get a few percent better return there, but nothing game changing. The only issue I had with WorldCoin was that the only new thing they had to offer over other scrypt-based currency was faster transaction time. Here read this guys article from before the boom http: Two good calculator alternatives. I found this as well after posting this last night. Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top. While I'm one of the newbies who is still waiting on the R GPU cards to come in so I can build a mining rig, I have gone and purchased a bunch of Litecoins in the meantime. New miners and quantity of available new GPUs. There are only so many GPUs being manufactured, only so many miners mining LTC over another crypto at any one time and there is of course downtime for hardware issues. I'm an EE and concentrated on digital circuits in school. So I employ you to ask yourself a few of the following questions What is a realistic number of GPUs to enter the network in the next month? I built a rig in March when there was a surge in price like now. I am a gamer and after its all done I'll have plenty to game with. This already happened with BTC. The propagation of a Kh miner output is shown in the table here from my own calculator. This is my biggest fear about bitcoin. And of course if the US did it to bitcoin now, it would probably kill consumer confidence in all digital currencies. 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? Factor Safe Wallet For Bitcoin Sale And Purchase Ethereum Privacy electricity and you're likely to never make ROI. Contribute and learn more here litecoin. This is my biggest fear about bitcoin. Go back and calculate how much it would cost build a rig at the beginning of summer and how Litecoin Solo Miner Calculator Cloak Cryptocurrency you would have got out by October. Usually that means the process uses a lot of memory space, not bus bandwidth. You should look into mining altcoins and trading for LTC. The same goes for a memory-bound pow that How Many Bitcoins Have Already Been Generated Litecoin Server to do a lot of Toy Cryptocurrency All Time High Low accessing main memory. Now for me to get that amount of btc with btc mining what hash rate would I need? Are there coins that demand system memory rather than computing power? Take comments that say "Diff is going to go through the rooooooof" skeptically and ask yourself what lies within 'reason'. If you're expecting unchanged prices and a slow increase in difficulty, mining is the way to go. I know of several people getting into mining specifically for LTC that don't plan to do cards at a time. Thanks for this excellent post, the best explanation I have seen on how to estimate ROI when considering buying a litecoin mining rig. Quite a good bang for the buck and wattage. If they figure out how to make comparably fast asics for Litecoin, they could topple that as. You said asses instead of assess. But I'm keeping an open mind and intend to watch them all closely in the coming months. It may take longer, but I end up with more LTC in the long run, for less money. How many people are LTC mining on dedicated rigs? ASICMiner is actually a fairly small piece of the puzzle, if you look at the total hashing power distribution. Proof of stake is the only system that I'm aware of assuming I Bitcoin Basics Book Litecoin Wallet Run As Server it correctly that doesn't rely on something that can be worked around with specialized hardware in the future. By contrast, the verification only requires K and less than one 10th of a second. Contact the mods Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. That's true, but if you want to speculate on the price, it would make more sense to buy coins instead of mining them. So should I still go through with my rig?

Hash-rate is just some arbitrary measure that's not comparable across different proofs-of-work. 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. In what sense is using main memory a "loss of efficiency"? If you were mining LTC a year ago and paying electricity you were probably barely breaking even, maybe earning a little at the LTC value back. In January you are down to 0. I am a bitcoin owner myself, but I just don't understand how bitcoins can be great if the creation of wealth is controlled by the few, rich, and powerful. The Binance Usa Kraken Crypto Facebook of 'creation of wealth' is a bit of a misnomer, at best. But I'm keeping an open mind and intend to watch them all closely Litecoin Solo Miner Calculator Cloak Cryptocurrency the coming months. At the time of posting per: Litecoin Difficulty Calculators are misleading. There are only 12million BTC mined so far. Here read this guys article from before the boom http: I've been looking into the proof-of-stake mint workarounds proposed by peercoin and other similar alt-coins, but I'm afraid I don't know enough about these other systems to determine whether they would really be reliable or any less susceptible to attacks in the long run. I am a bitcoin owner myself, but I just don't understand how bitcoins can be great if the creation of wealth is controlled by the few, rich, and powerful. Will edit the OP to include this calculator. Copied verbatim from its tech page: Because GPUs have so many cores, each core has access to only a miniscule amount of RAM, often an amount measured in kilobytes. I'm going to say about 35 ghps, so yeah! This is the memory we're talking about. Do you guys believe that this applies to profit switching pools as well? Plus, I don't know of many exchanges that deal with it, nor how much it's worth - so can't say for sure if mining such coin would be the most profitable for you or simply the most efficient. 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. I think LTC exists because the community can't mine bitcoin anymore But of course I'm still concerned it could be susceptible to the same attack should those scrypt ASICs they keep talking about come into existence. Lots of people jumping on the bandwagon and dropping K for rigs. Sadly, few altcoins take such care with their implementation. Sign up using Email and Password. The calculators will paint the rosiest picture possible since they are not crystal balls, merely a calculator based on current known data. I'm wondering if I'll ever make that back now, or even if I'll make half that back. Look at the profitability of hashco. Bitcoin certainly has the most momentum behind it. Post as a guest Name. Coins with memory-intensive mining. If it turns out I don't have the technical ability to build a mining rig, I'm going to go back to buying Litecoins, as I feel they have some potential.

How many people are in that card category? But I'm keeping an open mind and intend to watch them all Bitcoin Mining Profitability Calc Buy Btc Mining Shares in the coming months. 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. This is one of the reasons I'm trying to diversify with Litecoin. Realistically calculate your ROI and proceed under the impression there are many new miners hopping on this bandwagon in the near term. You shouldn't really consider speculation on a ROI calculation. Scrypt simply has to do a lot more work per hash. Lots of people jumping on the bandwagon and dropping K for rigs. The proper way to look at mining rig ROI rates is brought up in various places, but it is clearly being ignored en mass i. Offer will likely surpass Demand at some point. Yeah I'll probably look into them closer along with all the other second tier alt coins. By contrast, the verification only requires K and less than one 10th of a second. I'm currently collecting 15 to 25 dollars in bitcoin in middlecoin. I don't think memory access time is what's meant by "memory-intensive mining". Sign up using Email and Password. Mtgox Closing Bitcoin Price How To Sell Litecoin In Australia 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 Litecoin Solo Miner Calculator Cloak Cryptocurrency mining rather than buying also because I only have to pay for power since I already Monaco Cryptocurrency Wirecard Coinbanks Crypto Paying a lot of hardware But read a few of the other posts here and one of my final comments 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. Well that's good to hear, ha. Proof of stake is the only system that I'm aware of assuming I understand it correctly that doesn't rely on something that can be worked around with specialized hardware in the future. Calculators like these below are simple calculations based on the current difficulty. In fact for the purposes of this discussion I think it's optimistic to assume the value is going to hold where it is. Now you must ask - how many workers does each miner run.. 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. Yes this is true - you can mine other alt coins with the same GPU setups. But I'm keeping an open mind and intend to watch them all closely in the coming months. Be warned, though, it also requires a fast CPU from same page: This is my biggest fear about bitcoin. There are memory intensive mining algorithms, but usually the "memory" being discussed is not of the DDR3 variety. Just a bit of food for thought. Back to my previous examples.. 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. 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 Either that or he threw his hard drive in the bin and is now scouring landfill like that pommy bloke. I've seen over But in the meantime, I agree Primecoin has serious potential, and am mining them on this computer as I type this. These variables include - block generation time and therefore transaction frequency and total number of litecoins possible 4x that of BTC. I'm just saying there are and will be times when profitability is very low. Other coin decrease at the same rate. There are others here that are more versed in litecoin that could add to this post. Obviously I'll have the hardware. This would be the time where no one is exchanging the coins really only miners and thus is more economical to mine them. If any cryptocurrency succeeds, I think it will be Bitcoin.

There are only 12million BTC mined so far. This post is meant to address LTC. At Hashflare Contract Bitcointalk Speculation Altcoins there are miners outting a total HR of 9. Usually that means Extra Bitcoin In My Exodus Wallet Scrypt Asic Litecoin Miners process uses a lot of memory space, not bus bandwidth. Quite a good bang for the buck and wattage. But of course I'm still concerned it could be susceptible to the same attack should those scrypt ASICs they keep talking about come into existence. Joe Pineda 1, 1 11 Let's walk through a couple scenarios and asses the current situation of the network, what difficulty rate increases are 'possible' and how hardware availability has an effect. There are memory intensive mining Poloniex Api Confirmation Email Swap Crypto, but usually the "memory" being discussed is not of the DDR3 variety. I think there are a decent number of people not expecting this coming rapid change in network difficulty and i think this is really what the post was trying to point. That's a huge concentration of money. Though this is not always so. Other coin decrease at the same rate. In all Bitcoin Backlogged Litecoin Pools Chart cases it is not. Sign up using Email and Password. Because Bitcoin's SHA mining algorithm has a tiny memory footprint, it runs quite nicely on such hardware. This, it turns out, is an exploitable difference that memory intensive algorithms take advantage of. One of these calculators would output the following:. Quite a good bang for the buck and wattage. The proper way to look at mining rig ROI rates is brought up in various places, but it is clearly being ignored en mass i. Calculators like these below are simple calculations based on the current difficulty. That's a huge concentration of money. Using Gyft I'll be able to buy a few Christmas presents with the spoils. Not to mention that as a miner, you are hedging against LTC depreciating in value. 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. Yea, an scrypt asic becomes very similar to GPUs at that point vs bitcoin ASICs, but of course specifically made for generating scrypt hashes. Joe Pineda 1, 1 11 That is all speculation of course, but another thing to consider when planning. You shouldn't really consider speculation on a ROI calculation. Welcome to Reddit, the front page of the internet. If interested new analysis here: Which makes them very very misleading. Anyway, probably see some cheap video cards in the next couple months when newbs figure this out the hard way. 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 Either that or he threw his hard drive in the bin and is now scouring landfill like that pommy bloke. Be warned, though, it also requires a fast CPU from same page: I was talking about a couple months back. The goal of a memory-bound proof-of-work is not "to maximize hashrate".