So I completely missed the Bitcoin thing (I'd done some planning but never followed through), would it be worthwhile getting into mining for Litecoin?
AMD cards still seem to be superior, and looking on Kijiji quickly the best ratio I could find is a card that will do about 400kH/s with $150 spent on the card (assuming I have a computer to run it, so no investing there, might have to do some investing if I want to scale up past a few cards)
At the current difficulty and price, I'd make $924, assuming no increase in price and that's not including electricity. Lets say 375W running full tilt, that's 3,285,000Wh per year, at 9 cents per wH, that's about $300 in electricity.
So $150 for the card, $300 in electricity, to make $475 (in a whole year). Or I could work a few extra hours at my job, hardly seems worth the effort.
Assuming the price stays the same, if the prices does anything similar to Bitcoin (goes up by a factor of 10 say), then it becomes worth doing.
Basically seems like speculation, if that's all it is I might as well just buy a bunch at the current price rather than mining them.
Am I missing something?
__________________
Uncertainty is an uncomfortable position.
But certainty is an absurd one.
|