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post #3091 of 22504
Quote:
Originally Posted by TheLAWNOOB View Post

My estimate is 1.3kWh

1.3KW sounds about right.
Quote:
Originally Posted by TheLAWNOOB View Post

So around 77$ for electricity? Weekends are off peak, on peak is about 10 hours every weekday.

Assuming 24/7 operation... (12*50+118*6)*1.3 = 17 dollars a week, so yeah, that's not far off.

Average hash rate should be a bit over 4MH/s, tweaked properly. So you are looking at ~2.5 LTC / ~20 dollars a day of revenue.
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post #3092 of 22504
how come btcchina is like 800+ and BTC-e 600+ cant you just buy at BTC-e and sell at btcchina and then repeat?
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post #3093 of 22504
Quote:
Originally Posted by QSS-5 View Post

how come btcchina is like 800+ and BTC-e 600+ cant you just buy at BTC-e and sell at btcchina and then repeat?

Because BTC-e is the easiest to move coins around.
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post #3094 of 22504
I'm jumping onto the PTS bandwagon. Where can I trade them?
    
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post #3095 of 22504
Quote:
Originally Posted by QSS-5 View Post

how come btcchina is like 800+ and BTC-e 600+ cant you just buy at BTC-e and sell at btcchina and then repeat?
Difficult to move money between exchanges - time lag due to payment processing.

BTC is easy to move around, although network is kinda saturated right now.

Quote:
Originally Posted by legoman786 View Post

I'm jumping onto the PTS bandwagon. Where can I trade them?
I think there's only one exchange right now.
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post #3096 of 22504
Quote:
Originally Posted by ZombieJon View Post

I think there's only one exchange right now.

BTC38. I just found it. My next question, how do I trade it for USD?
    
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post #3097 of 22504
Thread Starter 
Quote:
Originally Posted by legoman786 View Post

I'm jumping onto the PTS bandwagon. Where can I trade them?

Quote:
Originally Posted by legoman786 View Post

BTC38. I just found it. My next question, how do I trade it for USD?

bter.com

Then send BTC to localbitcoins, coinbase, bitstamp, campbx. thumb.gif
post #3098 of 22504
Quote:
Originally Posted by legoman786 View Post

BTC38. I just found it. My next question, how do I trade it for USD?
Trade PTS to BTC.

Convert BTC into whatever currency you want at any of the known exchanges and withdraw. You'll have to do your own research here though.
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post #3099 of 22504


gonna try my luck at coinotron.com
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post #3100 of 22504
Quote:
Originally Posted by TheLAWNOOB View Post

Electricity is 6 cents a kWh off peak, 12 cents a kHw on peak.

Is it a good idea to mine on 2 7850s, 3 5850s, and 4 6970s?

How much power do you thing that will suck up when mining litecoins?

My estimate is 1.3kWh, assuming the GPU's don't go full retard.

So around 77$ for electricity? Weekends are off peak, on peak is about 10 hours every weekday.

Lets work it out smile.gif

Power Consumption:
2x HD7850 @ ~144W = 288W
3x HD5850 @ ~164W = 492W
4x HD6970 @ ~283W = 1132W
3x basic rigs @ 100W = 300W
Total Power Consumption = 2212W

Approx GH/s (stock speeds):
2x HD7850 @ ~370GH/s = 740GH/s
3x HD5850 @ ~320W = 960GH/s
4x HD6970 @ ~495GH/s = 1980GH/s
Total GH/s = 3680GH/s

Average power cost per hour:
Assuming 18hours peak rate and 6 hours offpeak rate per 24 hours = $0.105/kWh

LTC Pool Fee:
Assuming 2%

Profit/Loss of LTC Mining:
Now punch all that into the LTC mining profit calculator HERE and we get:


Not a bad return if you already have all that hardware sitting around gathering dust, but definitely not something you could live off smile.gif

Saying that, if you mined LTC for a year, you'd end up with ~912 LTC. At the current value of $8.31 they would only be worth $7.5K (at the current rate) - HOWEVER, if the value of LTC continues to increase, and the LTC value can hits $100 in a year or so, that is when the LTC would really be worth something and would make a great return - they'd then be worth almost $92K smile.gif


EDIT: P.S. has anyone noticed that LTC has increased 50c (6.5%) in value in <48hours...
Edited by un-nefer - 11/21/13 at 10:37pm
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