How to Mine Litecoin and other Altcoins
5 stars based on
36 reviews
As you know, the crypto market has been rapidly increasing in the past month and mining coins are becoming a lot more profitable. If you feel the urge of mining and don't want all the headaches of putting together a rig, cooling, software setup Now, better to mine litecoin or bitcoin a lot of people saying Dash is the best coin to mine and I agree that it has been very profitable but, is this about to change since the price of Litecoin has increased and show no signs of it stopping anytime soon especially with Segwit activation just around the corner.
Let's take a look and make a quick comparison! What I'm seeing is that for about the same price I can get 4x's the amount of Litecoin. Then the profit would be 4. So, where do you think the price of Litecoin will be in a month from now or the price of Dash for that matter?
I think the more I can mine now the bigger the profits in the better to mine litecoin or bitcoin. Hoard the damn thing and enjoy your profits later!
As soon as more people start to mine the difficulty will increase and that will yield less returns. In conclusion, I believe Dash has been great and Litecoin is about to join the club so, why not get a head start! Thank you for your analysis. I am not currently mining Litecoin through Genesis Mining. Your analysis has given me something to think about.
I'm not convinced that there is any money in cloud mining. All I ever hear is that people are usually better off just holding their money in crypto-currency and they make more than cloud mining. Is this the case or what sort of returns are you likely to get? I assume a discounted cash flow analysis is hard to do as you need to predict how hard the better to mine litecoin or bitcoin difficulty will get for miners.
I also wasn't convinced about cloud mining. Especially trusting cloud miners with my money. Better to mine litecoin or bitcoin this post helps out. Okay so i havent done any mining for crypto yet at all and ive been debating whether to go for eth stabilitydash profit and algorighim is better or ltc lot of room to grow Since eth may change their algorithim, it kind of knocked it out the 3 options even tho i love ether and the ethereum network.
I dont think dash is going anywhere i think its gonna be around and may or better to mine litecoin or bitcoin not be actually used, but i guess the rumors and shit about premined nonsense with one of the founders got to me subconsciously I'm also super excited about ETH there's amazing things cooking in the lab. One of the reasons i look into mining profitable coins is to trade some of those mined coins for ETH.
We'll most likely see Litecoin go up in price in the next few days prior to segwit activation and a definite increase after that. Also, Charlie Lee is already working on getting Litecoin on Coinbase so, just imagine how much easier it will be for people to purchase Litecoin Thanks for reading and Happy mining!
Genesis Mining - Dash vs. Which is most profitable? Authors get paid when people like you upvote their post. Better to mine litecoin or bitcoin a great week! Glad to shed some light Mike! Have an Awesome time!! Thanks for the link: