Why i stopped mining LTC coin for time been?
Mining LTC coin calculations
we are mining LTC coin with L3 antminer producing 504 mh/s consuming 1100 watt, as In the below table is my mining calculator show my power cost is $0.8 /W .
so what we are getting is 0.7958 LTC per month, paying $ 63.36 for electricity.
What is happening here is that I am buying ONE LTC coin for $80
How did i come up with this result? simply i divide my profit per month on how many coins earned per month.
This means that the cost for one LTC is $ 80 while exchange rate today is $120 means I achieve only $40 nevertheless we earn 0.79 LTC coin per month.
Conclusion
The price of mining is cheaper by 33%. This means that prices are very attractive to buy directly from the market and without the trouble of mining and the cost of purchasing equipment, shipping and maintenance of the equipment for mining .
هذا ممتاز للغاية صديقي ما رأيك لا حظت ان ستيمت بدا يتراجع
اشكرك يا صديقي العزيز
هذا صحيح وانا في انتظار فرصة مناسبة لللشراء ولكني لم اخذ الموضوعلى محمل الجد بعد, نحتاج للقيلم ببعض التحاليل الفنية لستيم
لا تحف انا متاكد انه مستقبل كبير ونهية السنة ستجده في اكثر من 10$ او 20$ انا اتمنى ان يعود لي 1$
What kind of miner do you use? I'm interested in starting too.
L3+ antminer
Oh, okay. thanks!
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interesting thanks:)