Quote from: org0x004 on September 28, 2017, 02:59:36 PM

Quote from: Lee-2017 on September 28, 2017, 01:12:09 PM

Quote from: DonBit on September 28, 2017, 01:03:19 AM

Quote from: fanatic26 on September 27, 2017, 10:50:43 PM

You will never make your money back running one of these. As it sits the ROI is nearly 2 years at current prices, meaning you will be priced out by the difficulty adjustments and never break even. Then you add in the costs of a powered hub and you are just throwing money away. I just dont get it....

Generally mining is betting the price will go up and then it pays out. The outlook for LTC is that will go up, thus miners tend to cost more. Take for instance Bitmain, they had L3+ selling for $1250 in June. Now it's $2280, the same machine. Expectancy is the future price of total coins generated would at least pay off this total, before the cost of power makes profit negative.

By the time you find out it's profitable (because the price went up) it will be too late.

I just bought 1 LTC from kraken for $54. So let's say that's the equivalent of 1.85 LTC had i paid $100 which is the cose of the miner. If I placed these $54 (or $100 for argument's sake) on the miner, would I have been better off? I'm finding it hard to work out the true ROI, assuming the price of LTC/USD does not change over time.

You can mine alternative scrypt coins with less difficulty and bet to a price increase bigger than ltc.

Arguably, if that is your goal, you would be better off just buying the coin and hold.
That said, I pre-ordered a couple and am going to do exactly this. At these prices and speed it's more about having fun, and perhaps support the network on some of the smaller coins.