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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 427

post #4261 of 22535
Quote:
Originally Posted by Jollyburner View Post

lol LoL?

I have a ~$700 LoL account

Nope, Combat Arms. Wasted 1k on an account. Bought $40 worth of hack to use on that account. Account got banned. GG.

Seriously this is what happened.
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post #4262 of 22535
If you could dedicate 10k hashrate to either LTC or FTC right now, which would you all mine?
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post #4263 of 22535
Quote:
Originally Posted by Shurr View Post

If you could dedicate 10k hashrate to either LTC or FTC right now, which would you all mine?

10k, as in, 10000KH/s?

Totally FTC, that's nearly 300 coins a day, or $500-600 a day if you sell them on ebay for a bulk price.
Plus, they have better multiplication potential, just like LTC and BTC. I'd say FTC is next up in line.
post #4264 of 22535
Quote:
Originally Posted by Joannou1 View Post

I got 3 7950's to work on FTC, getting around 1600KHs.
Investment is paying off fast, since I can make nearly $100 a day from that if I sell it at marked up prices on ebay.

This is my first experience with living off of currencies, should be fun... So I hope!

Curious where you come up with that profit figure per day? Obviously I'm coming in a discussion late here.

-Oh, people buy them on ebay? :O

Anyway, I'm doing MEC. thumb.gif
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post #4265 of 22535
Quote:
Originally Posted by Joannou1 View Post

10k, as in, 10000KH/s?

Totally FTC, that's nearly 300 coins a day, or $500-600 a day if you sell them on ebay for a bulk price.
Plus, they have better multiplication potential, just like LTC and BTC. I'd say FTC is next up in line.

Link to your auction on ebay?
post #4266 of 22535
Quote:
Originally Posted by jagz View Post

Curious where you come up with that profit figure per day? Obviously I'm coming in a discussion late here.

-Oh, people buy them on ebay? :O

Anyway, I'm doing MEC. thumb.gif

Ah, well, on ebay, each coin can sell for 2-4x spot price.
At the moment, at 30 cents each, it wouldn't be that much, but I don't reckon it will stay there for much longer.
Assuming each coin is worth a dollar, you can easily make that. Plus, some are still selling 100 coins for $200 even at the low price at the moment.

Oh, and yeah, the sellers have a few systems to make sure they don't get scammed.
Like, they will only sell to buyers with 96% feedback, and then they will ask for positive feedback after sending 1 FTC, and then send the rest.
Same things goes with buyers, I would only buy from sellers that have a good history.
Quote:
Originally Posted by CravinR1 View Post

Link to your auction on ebay?

I currently am waiting for the prices to recover a bit so I can try to have a larger markup, but here are the current listings that are up;
http://www.ebay.com/sch/i.html?_sacat=0&_from=R40&_sop=16&_nkw=100+feathercoins&rt=nc&LH_BIN=1

(Keep in mind they are .30 each, so people have compensated for that, there was a lot more to look at when they were a dollar each).
Edited by Joannou1 - 12/7/13 at 7:42pm
post #4267 of 22535



So would you say it's advisable to mine the current most profitable? Do coins move up and down on the list or is it the newest one it at the top and the oldest at the bottom? The one thing I do not know and I am not sure who would is which one of these coins will be the next BTC or will any of them?
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post #4268 of 22535
QQ, once you download your wallet and get you address, can you move that wallet to another computer or hard drive? I did the backup, but I do not see a selection that allows me to load from backup.
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post #4269 of 22535
Quote:
Originally Posted by utnorris View Post

So would you say it's advisable to mine the current most profitable? Do coins move up and down on the list or is it the newest one it at the top and the oldest at the bottom? The one thing I do not know and I am not sure who would is which one of these coins will be the next BTC or will any of them?

Profitability mining Scrypt alt-coins has been consistently significantly higher than mining LTC. For months straight there's been coins at 150% - 250% profitability of Litecoin mining. Go to the site coinchoose.com. Obviously you mine the most profitable coins and switch to other coins as they become more profitable. Or you use an auto-switching pool. Recently I spent a few weeks mining ADT at an average of 200% profitability of LTC. I've also kept track of which coins were going to be added to Cryptsy, and mined them at low difficulty before they were added, coming to 1000% profitability of LTC for some. Having said that I did sell 20 BTC when it hit 1K - wanted the instant knowledge that the value would not diminish.

CryptoSwitcher (Linux)
MultiMiner (Windows)

-
Edited by ALUCARDVPR - 12/7/13 at 8:52pm
post #4270 of 22535
Yeah LTC / FTC is safe but mining the others can and will have bigger pay outs.
    
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