litebitcoining

[skitz9417]

hi guys is it still safe to do litebitcoining and is it worth it

[Judahnator]

I think you mean litecoin-mining. And yes, if you have a powerful enough Radeon GPU you could make a little bit.

 

You wont make anything from Bitcoin mining, but you may be able to turn profit on LiteCoin's.

[megadarkwood]

Do you mean litecoin mining?

It is easier than bitcoin mining...

[skitz9417]

i mean litecoin mining

[megadarkwood]

i mean litecoin mining

It depends, if you have the money to spare then you can try but if you don't have much money just lying around then don't...

[Judahnator]

To answer your questions:

 

1: Yes, it is safe. Just make sure your fan/overclock keeps temperatures in the safe zone you will be fine. There are also no laws against it, so if your rig can handle it then go ahead

 

2: It may or may not be worth it. If your running something like a 7750, no. If your running a 7970 then then yes. You will have to find a litecoin mining profitability calculator. If you put in the cost of power and your hashing power you can see if you will make anything. I dont know your setup, power consumption, or cost of power where you live so i dont know if i can help much.

[RusBruin]

Yes, it is safe to mine litecoins, and the best card to use is 7950 at the moment. I'm doing it right now.

[skitz9417]

To answer your questions:

 

1: Yes, it is safe. Just make sure your fan/overclock keeps temperatures in the safe zone you will be fine. There are also no laws against it, so if your rig can handle it then go ahead

 

2: It may or may not be worth it. If your running something like a 7750, no. If your running a 7970 then then yes. You will have to find a litecoin mining profitability calculator. If you put in the cost of power and your hashing power you can see if you will make anything. I dont know your setup, power consumption, or cost of power where you live so i dont know if i can help much.

well i live in australia

[skitz9417]

and i have a hd 6950 1gb

[Judahnator]

How much does power cost there? It wont be worth it if you spend more in power then you will make back

[RuecanOnRails]

Depending on how much you overclock the card you can get anywhere from 420 - 475 K/hash when mining scrypt based coins such as litecoin.

 

If you throw that hashrate into a calculator you can get a rough idea of what to expect.

https://www.litecoinpool.org/calc?hashrate=450&difficulty=1040.89584526&power=200&energycost=0.10&currency=USD

 

Of course, Litecoin isn't always the most profitable to mine if you're going for profits alone.

 

http://coinchoose.com/

Can help you find out what coin is currently the *best* to mine at the time with immediately exchanging it into Bitcoin.