Hi all, as I don't pay electricity so I'm very interested by bitcoin, the problem is my gpu is not optimized to work with btc. After some search I found Litecoin who use the CPU instead of the GPU, someone already try it? Can we sell litecoin for real monney as bitcoin? Thanks for your help
LTC can be used as exchange with BTC. the difficulty level gives it credibility, but, there's just not enough of a critical mass of people behind it, perhaps due to the infancy of the project, to really give it a fair and valid exchange. there's some scene drama, but that's often a good thing. i can't really validate LTC myself, i haven't tried it, but it is a low-utility GPU solution as far as i know, and i do think the collective mass of people enjoy using it ?? now, as for value, that depends on what kind of barter and exchange you would get for it, and that's probably based on workload. right now, it's probably a good enough system to mine collectively with, the BTC infrastructure would definitely give LTC value above what it normally would hold, but it's "speculative" i.e whatever happens, happens. if you mine 50,000 LTC and someone offers you 10BTC for it, that's ... good ?
It is yes but...I just wonder how long the scheme can work, I looked many website and the BTC mining seems very difficult now (or will be) with the introduction of the ASICs config. I spent my time to look he FPGA option, it seems good but not like the ASIC devices. If I have +- 100Mh/s, what can I except if I don't pay electricity?
You can expect pennies with bitcoin, even at current historic prices. I hate to really bring this down because I'm a huge bitcoin supporter but you would be better off sparing whatever piece of equipment you are talking about the wear and tear for the kind of return you will get at that level of processing. It's a weird time to get into mining simply because of where we are in the hardware generation. Asic's are starting to show up and they will render cpu mining even more inefficient than it currently is and while you could pick up a gpu cheap and start mining with that it probably won't ROI out in time for the full assault of asic devices to take over. If you can hold off a 3-4 months I would wait and get one of the newly released asic's and roll with that. Some will be available for very reasonable prices(sub $200).
I only suggest mining with a strong and heavy system both for litecoin and bitcoin. Knowing that mining component requires quality performance, it is important to look at all your possible options.
well a programmable GPU is always faster as a CPU because these mathematical problems need only a very small part of the cpu and your gpu has ... around 200 "virtual" cores instead of 8 or 16. they are always faster. the problem is, if you use a "CPU version" you don't know anyone else has a gpu version of the same "coin" or if a gpu version will released later and if this happens the value of your "coins" decrease. All because these mathematical problems which are the basic idea are solveable a lot faster on gpu. Take bitcoin as a example. Nowadays its an energy waste using a cpu but even with gpus you can wast energy because there are already specialised fgpa boards for bitcoin mining. Well to be honest I think the times of "mining" these value is over, the difficulty has increased to much and some calculations show you can only earn money if you calc 2 years in the feature. For me "buying" something to mine bitcoin (even its energy) is the same as speculation on the stock. If you want to speculate you can try to mine bitcoins / litecoins / any coin but you can't calculate it as real income. You may have luck or you may not have luck. Its the same as the stock. You can earn money , you can loose money. If you want to try your luck its your own decision. Back to topic: just want to say there can't exist a cpu version of any coin
i made 1 litecion ever 4 day's 1 ltc = 17 Euro +- // the hardware i use for is 2 x 7770 and 2 x 7850 and 1x R9 270X Amd cart's total -+ 1.500 kh/hases. Now i mine exile coins 10 the hour !! Cpu mining, is to slow, and a waste of electricity look here is a LTC Mining Calculator :: https://wemineltc.com/usercalc
?Can we sell litecoin for real money as bitcoin?? - Well, you can probably sell it if there are people who would be interested to buy it. But I guess you should focus more on bitcoin, which is more popular and easy to sell than litecoin.
I think BTC and Dogecoins are a way to go. GPU Mining makes no sense if you have to pay the electricity. Cost of HW + energy = very low margin compared to effort Antminer or Butterfly Labs Hardware compared with Raspberry PI is running at my home and thats generating money but a veeeeeeeeeeeeeeeeeeeeery low amount. If I can go out with my wife end of the year for a dinner then its a good year ^^ Mining for fun only to be honest. New and nice is using a hosted mining service. You do not have the HW and energy cost but a guaranteed mining rate. cex.io for example.
If your are interested in mining then alternative currents could be a good way to go, but it's a gamble. There are always new bitcoin "spin-offs", that is forsk going out and the mining is much easier at the start, but most of those currencies don't get enough popularity to gain any worth.
