for ltc with 110000khash, 1000watt consumption and 0.2$ watt/h
$10.04 gross profit / day $5.24 net profit / day $4.80 for electricity
the ASIC cost 1349$..
so you get ROI with 257days at this ltc price.. oh.. do not forget that in the best case, if ltc price double, you will get roi in 257/2 days, but if ltc price halve, you will get roi in 257 * 2 days!!!
and if the consumption is 0.35$ watt/h where i am then forget about it , Nice Math BTW
its a noob question but can i mine any altcoin with any miner for example lets say antminer s3 can i mine peercoin dogecoin or anyother coin with antminer s3 ? or it is only made for bitcoins ?
you need to know wich type o ALGO the coin use. for example if you want to mine bitcoin, you need an SHA 256 asic miner. if you want to mine doge or litecoin you need an scrypt asic miner... and so on...
In short, no. Altcoins uses different languages that they code in. Bitcoin uses SHA-256, litecoin uses scrypt and so does dogecoin I believe. You need to purchase a miner coded specifically for what you are planning to mine.
which mean i can mine any altcoin with any scrypt miner ?
It all depends of what coin you want to mine. Each coin uses it's own specific algorithm, some have the same algorithm. You have to, in order to get profit, purchase a miner capable of the coin you want to mine's algorithm.
In short, no. Altcoins uses different languages that they code in. Bitcoin uses SHA-256, litecoin uses scrypt and so does dogecoin I believe. You need to purchase a miner coded specifically for what you are planning to mine.
which mean i can mine any altcoin with any scrypt miner ?
Post
Topic
BoardMining (Altcoins)
Topic OP
can i mine any altcoin with any miner ?
by
TheNabeel
on 01/08/2015, 07:55:04 UTC
Hya
its a noob question but can i mine any altcoin with any miner for example lets say antminer s3 can i mine peercoin dogecoin or anyother coin with antminer s3 ? or it is only made for bitcoins ?
Post
Topic
BoardMining (Altcoins)
Re: An (even more) optimized version of cpuminer (pooler's cpuminer, CPU-only)
by
TheNabeel
on 01/08/2015, 07:49:40 UTC
its not working for me when i click on RunMe.bat just a box appears and disapprear in 0.1 secounds, yes i follow all the steps but still its not working, any suggestions ?
Post
Topic
BoardBeginners & Help
Re: Paid per post
by
TheNabeel
on 02/04/2015, 20:34:33 UTC
yes it true but there isnt any good rates for newbie , jr member and members
Post
Topic
BoardBeginners & Help
Re: Did you earn some bitcoin today?
by
TheNabeel
on 02/04/2015, 20:33:39 UTC
sold my domain for 0.022 not bad
Post
Topic
BoardMicro Earnings
Re: where you get bitcoin every day?
by
TheNabeel
on 02/04/2015, 20:31:51 UTC
i have not find any easy way to get 0.01 daily its decent amount daily
Post
Topic
BoardBeginners & Help
Re: Bitcoin ATM problem
by
TheNabeel
on 02/04/2015, 20:30:39 UTC
i wish there was an bitcoin atm in my country as well
Post
Topic
BoardBeginners & Help
Re: Where can I buy Bitcoins with my phone?
by
TheNabeel
on 02/04/2015, 20:28:41 UTC
coinbase dont work in mobile ? i dont know about the app but you can open coinbase in mobile browser and buy
Post
Topic
BoardBeginners & Help
Re: How many confirmations until i can re-send the money
by
TheNabeel
on 21/03/2015, 23:27:16 UTC
if you are sending 4 BTC then you should wait for atlest couple of confirmations
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Topic
BoardExchanges
Re: Which Bitcoin Exchange do you use and why ?
by
TheNabeel
on 04/03/2015, 18:25:30 UTC
Blockchain All the way , loads fater then any other wallet
SERVER TIMED OUT -_- better you may try google adsense.. or chitika.com and advertise your faucet @ bitvisitor.com do you've included any referral contest? If don't, include it and increse rewards please...
Google adsense not accept free domain. He already disqualify without even try
google adsense not gonna accept facuts as well
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Topic
BoardBitcoin Discussion
Re: Negativity about bitcoin is all time high!
by
TheNabeel
on 31/01/2015, 00:29:24 UTC
hard time is coming for miners as the btc dropping and electricity prices are the same