LiteCoin Mining - Hobby/Project 2014

[Yowzer]

Considering doing this as a project for 2014. Used to run folding@home where I contributed processing time to SETI & medical research through Bionc.

I have 2 extra PC lying around. A pentium D about 7-8 years old & core 2 duo about 4-5 years old. Mid range systems and graphics card at that time.

I don't intend to upgrade anything.

I will be running them in warehouse where the rental is already inclusive of electricity.

So electricity = $0
Only Internet bandwidth is needed = $10 per month.

I will let them run 24/7.
What can I expect after on 30 June 2014 if I start on 01 jan 2014? Got $20 per month in returns ? Or expectations too high liao

 

[Shiny Things]

If you trust this calculator one megahash per second is worth about ten SGD per day.

You... won't get one megahash per second.

This table says that C2Ds average about 10 khash/sec - and your old Pentium D isn't even on the list because it's too old.

Using that conversion rate above, 10 khash/sec is about ten cents per day, or three bucks a month, so you're seven bucks a month in the hole.

 

[Middle-C]

Make sure your data is unlimited. Hashing eats up a lot of data

 

[kaixmax]

you can check out using dustcoin, but you are better off buying GPU to mine, or to buy the coins outright

 

[tarui04]

free electricity?

hmm wonder how you get it.

anyway, honest opinion, trade/invest in litecoins instead of mining it. trading allows you to be more fluid and dynamic in terms of position.

 

[kaixmax]

free electricity?

hmm wonder how you get it.

anyway, honest opinion, trade/invest in litecoins instead of mining it. trading allows you to be more fluid and dynamic in terms of position.

yuo, by the time you set up the rig and gotten your riser cables and all it will be one or two weeks way and with price fluctuations there and now you are better off buying coins outright