Post
Topic
Board Mining (Altcoins)
Re: Is Mining Scrypt and Converting to BTC cheaper?
by
Relnarien
on 23/05/2014, 08:28:45 UTC
Oh sorry Micky,

To answer your first question Yes. Mining Scrypt is cheaper right now because the ASICs are cheaper and more importantly ready to be shipped right now. You'll want to use a MultiPool and have it Auto Convert until you can build up a good hash rate though. Getting fractions of coins and exchanging them yourself, although may gain you more BTC, simply takes too long to do and the fees for doing so gets you. At least that's been my experience.

Thanks for your answer! So to sum it up, scrypt mining and conversion to BTC will help me generate more BTC per day than only mining BTC (provided the pool is right, of course)?

Assuming that you have less than 100 Ghs of SHA256 hashing power, then that is correct. Mining BTC with a lower hashrate than that is generally not profitable compared to mining any trending Scrypt-based coin with a decent GPU. Having said that, if you have neither Scrypt ASICs nor the intention to purchase any in the future, then you should consider mining Scrypt-N-based and x11-based altcoins as well.