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Ask a Litecoin Miner

DoubleY
By DoubleY
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Since this is the new trend on LTT, why the hell not?

 

This is my official AMA :D

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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

CPU: i7-4770k CPU Cooler: NH-D14 RAM: Crucial Ballistix Sport 8gb GPU: EVGA Superclocked 780 ti MOBO: ASUS Maximus VI Gene PSU: Corsair RM 850 Case: Bitfenix Prodigy M

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Why are you still mining Litecoin?

Cause, I don't have the balls to switch to another currency 

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I'm trying to mine LTC, but everytime I load up CGminer, or any other miner as a matter of fact, it just hangs there and does nothing.  On CG Miner it says connecting forever, and then never actually starts mining...

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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

I told you that I would do it :D

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I'm trying to mine LTC, but everytime I load up CGminer, or any other miner as a matter of fact, it just hangs there and does nothing.  On CG Miner it says connecting forever, and then never actually starts mining...

That's very weird...

 

 

What's the size of your kh/s? In inches, preferably.

I don't even know how to answer that. But, you gave me a good laugh. +1 to you. 

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Do litecoin miners have souls?

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Do litecoin miners have souls?

If you're asking me to show you my nipples, the answer is yes. 

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Are you afraid of loosing money with your mining, and never be able to pay your hardware back?

Nah. I'm not really scared. Although, it is very possible that my whole setup could go to poo, and I could be out quite a bit of money

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Posted

Since this is the new trend on LTT, why the hell not?

 

This is my official AMA :D

what's your hashrate?

 

Also, how much money's worth of litecoins have you mined so far (give timeframe as to how long ago you started mining)

"Common sense is not so common." -Voltaire

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what's your hashrate?

 

Also, how much money's worth of litecoins have you mined so far (give timeframe as to how long ago you started mining)

Total hashrate is about 6000kh/s. I have been mining for about 2 months, and have mined 115 Litecoins

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Total hashrate is about 6000kh/s. I have been mining for about 2 months, and have mined 115 Litecoins

sooo 1800$? How much did you spend on electricity per month though... 

"Common sense is not so common." -Voltaire

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sooo 1800$? How much did you spend on electricity per month though... 

That number is based on today's prices. I sold quite a few when LTC hit $40. I spend about $150-$200 on electricity. 

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That number is based on today's prices. I sold quite a few when LTC hit $40. I spend about $150-$200 on electricity. 

Lucky you...I doubt it will rise that much again. 

"Common sense is not so common." -Voltaire

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Lucky you...I doubt it will rise that much again. 

Only time will tell :D

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Only time will tell :D

any tools in particular you use? coinwarz? 

"Common sense is not so common." -Voltaire

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I still dont understand LiteCoin, but really wanna learn how... Could prove useful buying stuff here, dollars spiked up

(NOW)War Horse:

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How much should I expect to spend if I want to get into this LC mining craze?

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How much should I expect to spend if I want to get into this LC mining craze?

Depends on how much money you have really

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Depends on how much money you have really

 

How about a $2,000 dollar budget - if I really believed this had potential and not a crash then I'd up it to 6k with a loan (obviously talking long term, future, etc.) I've been so against this digital currency since day one that I haven't given it a chance but I still see it is pretty volatile where prices can crash at any time whenever a new digital currency is introduced. "Oh, the price of my coin is going down, I know I'll just make another one!" type of situations, you know?

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No I mean tools such as price trackers etc..  and also what exchanges you used. 

http://www.bitcoinwisdom.com for tracking, and I use BTC-E to convert my LTC into Bitocins, then I send the Bitcoins to Coinbase and sell my BTC there. From Coinbase to the bank account

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