Dodgecoin and Litecoin Mining

M

METISGOBLIN

Newbie

Nov 30, 2015

5

0

• Feb 14, 2016

• #1

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 ?

 

blackice6666

Regular Member

Nov 20, 2014

233

97

• Feb 14, 2016

• #2

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.

 

blackball

Junior Member

Apr 29, 2015

110

27

• Feb 14, 2016

• #3

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

 

B

BTCnet

Newbie

Apr 25, 2015

40

5

• Feb 21, 2016

• #4

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

 

R

Ruminbi

BANNED

Feb 23, 2016

28

2

• Feb 24, 2016

• #5

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

 

living2xl

Elite Member

Dec 9, 2011

1,968

530

• Mar 1, 2016

• #6

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.