Dabbled in DOGE, but back to LTC for me. I got too much other stuff going on to worry about which coins are most profitable in the short term lol
100% agree. I'm mining doge at the moment, but it looks to have essentially evened out with LTC in terms of exchange prices, but what is odd is that it fetches WELL ABOVE exchange market value on Ebay. Highly sought by noobs I guess.
Think I'll just cash out for USD and slowly rebuild my CC holdings with my new rigs.
It's still nearly twice as profitable to mine Doge than LTC.
Not from my recent performance. Maybe netcodepool is ripping me off? Wemineltc is more profitable right now.
If you guys want LTC, mine Doge and trade for LTC, you will get twice as much.
Not from my recent performance. Maybe netcodepool is ripping me off? Wemineltc is more profitable right now.
He's mistaken.
Rubbish. Doge has been consistently much more profitable to mine than LTC for this entire month. It's at its lowest now but still nearly twice LTC's profits.
http://www.coinwarz.com/cryptocurrency
http://dustcoin.com/
As for trading, CoinedUp is now upgraded, its responsive. No fees.
He's mistaken.
Don't "rubbish" me, it varies depending on time of day and your electricity costs. Keep refreshing either site if you want, numbers keep changing and right now as we speak it's not 200%. And no you can't use old numbers to justify how you said doge is "twice" as "profitable" today. Hint, if you have infinity power costs, your profit is zero. So unless you know how much someone's paying for power, you can't tell what their profit is.
No, he's not. My average realized NET profit per day in the past 25 days has been over $130 USD/day. I would not be even close to that with LTC alone.
I will certainly rubbish you
He said "It's still nearly twice as profitable to mine Doge than LTC." meaning TODAY, not yesterday or 25 days ago. Are you guys the same person or something because
As usual, you demonstrate your blatantly ignoring what other people write. I said it depends on electricity costs and you just proved me right because you are forced to use numbers at 30 cents/kWh which is exactly what I am saying--that profitability varies from person to person depending on what you pay for power. And once again, not reading what others are writing--I was talking about your claiming profitability today, not yesterday, not 10 days ago but TODAY.
He said "It's still nearly twice as profitable to mine Doge than LTC." meaning TODAY, not yesterday or 25 days ago.
You're being unnecessarily confrontational, because the truth is probably in between your stance and Silverforce's.
My numbers may not apply to everyone, but assuming rates hold in the next 24 hours (i.e. today, one day worth of production):
220000 DOGE @ 0.00000062 DOGE/BTC, BTC @ $715 USD/BTC = $97.53
~2.8 LTC @ $22.03 USD/day = $61.68
NOTE: I excluded some DOGE and LTC to "pay" for power costs. So I'm not ignoring power costs.
So DOGE is > 1.58x more profitable assuming I am "strip mining" and immediately selling out to get to USD.
Which is "nearly twice" if you are rounding to the nearest half
The greater point which people should be emphasizing here is:
DO YOUR OWN MATH AND DO WHAT MAKES SENSE FOR YOU AND YOUR SETUP
As for why Netcodepool is inconsistent, here is a brief comparison:
Blocks found past hour:
(1) for Netcodepool
(4) for SuchCoins
(6) for FastPool
Blocks found past 24 hours:
(40) for Netcodepool
(141) for SuchCoins
(121) for FastPool
Granted Netcodepool is ~0.9 GH/s, SuchCoins and FastPool > 3.0 GH/s
You. Do. Not. Get. Doge. if you do not find a block. That's why Netcodepool seems so slow and inconsistent.
You're being unnecessarily confrontational