Post
Topic
Board Mining (Altcoins)
Re: Launching the Antminer L3+, World's Most Powerful and Efficient Litecoin Miner
by
suchmoon
on 28/04/2017, 19:39:00 UTC
Scrypt blows SHA256 out of the water... the top 29 coins are all scrypt! BTC comes in at rank 30. Yes I know that this will likely change as the global hashrate and difficulty increases, but on paper it looks like mining scrypt may be fare more profitable.

Have I made an incorrect calculation?


Not that it's incorrect but you may be underestimating the bold part. Bitcoin difficulty could be reaching a plateau where it doesn't grow faster than single-digit percentages, whereas Litecoin (not to mention other mostly tiny Scrypt coins) can double or triple in a matter of weeks, depending on how many L3+ Bitmain can produce - and it looks like they can produce a lot, given the recent price drop. Higher reward does not come without higher risk, especially if you take into account other factors such as exchange rates and equipment resale values.

One small mistake, which happens from time to time. It is hash per second, not hertz. Two quite different things.

For example: Antminer S9, hash rate 13 Th/s
Antminer L3+, hash rate 504 Mh/s

https://en.bitcoin.it/wiki/Hash
https://en.wikipedia.org/wiki/Hertz

True, doesn't change the end result though... let's call it a typo Smiley