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Dodgecoin and Litecoin Mining

Discussion in 'CryptoCurrency' started by METISGOBLIN, Feb 14, 2016.

  1. METISGOBLIN

    METISGOBLIN Newbie

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    i want to invest in mining in this but i'm not sure if its worthing, i have the impression that the bitcoin mining is dead, so does this two new money is a good invest ?
     
  2. blackice6666

    blackice6666 Regular Member

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    I have made some calculations in the past regarding the costs of mining and depending on where you live the profit is really small because a big part of the cost is the electricity bill.
    There are some special hardware mostly based on ASIC that are really powerful but whoever sells them has a delivery time of 90+ days. Which means that you cant make correct calculations since the difficulty with rise after 90 days.
     
  3. blackball

    blackball Junior Member

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    As i know bitcoin,litecoin,dogecoin mining is not so profitable for now. Take a look at Ethereum, it's booming now.
     
  4. BTCnet

    BTCnet Newbie

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    Dogecoin and Litecoin are far from new, they use scrypt algorithm and there are ASIC miners on the market for that kind of algorithm so the difficulty of both coins is very high.

    Wanna get a free tip? Dont mine , learn how to trade them
     
  5. Ruminbi

    Ruminbi BANNED BANNED

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    I have been mining litecoin for a long time but these days deprecation made it less valuable and the diff is too high
     
  6. living2xl

    living2xl Jr. VIP Jr. VIP

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    You are wrong. Bitcoin mining is very useful and it will be more useful in upcoming years.
    Because the world is becoming advance and digital so, it'll be more useful for everyone.