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Just made my first $1 Off of Litecoin Mining

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2 years ago#1
It only took a couple of hours but now I have .063 litecoins which converts to about $1.

I'm about to put my old 5770 in my PC and start mining on both my 7950 and the 5770. Did the math, with both cards I can get about $5.50 every 24 hours.

If the price rises back to $40 a coin then thats about $11 a day. And if the prices goes on another insane Boom then thats even better.

I think more people on this board should try this thing out. Its like Folding but you get paid for it.

Stay away from mining Bitcoins though. The difficulty is two high now. What people do now is mine litecoin and other cryptocurrencies, then trade it for bitcoin then $USD
2 years ago#2
How does one do this, exactly?
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RENAMON!! *weeping* YOU HAVEN'T BENT ANYONE OVER THE SINK AND SHOVED A "CHECK THE STICKY* UP THEIR ASS IN MONTHS!! *curls into ball crying*- Cither3000
2 years ago#3
Now that it is winter, I might just do it. I normally do distributed computing stuff anyway as a way of generating heat since my computer generates so much heat anyway, so it won't really cost me anything.

I wonder how a 7870 would do on it.
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<D
Sigs are overrated. Seriously.
2 years ago#4
No thanks.
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http://www.facebook.com/chaosframe
2 years ago#5
Should just give out handies on the bus instead.
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http://www.facebook.com/chaosframe
2 years ago#6
wtf $11 a day for wasting your time and life? What kind of peasant are you?
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"If we can hit that bulls-eye, the rest of the dominoes will fall like a house of cards. Checkmate"
2 years ago#7
i dont think you have to sit there watching it
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^ this
2 years ago#8
So running your gpus at 100% for 24 hours = 11 bucks, you're probably averaging like 50 cents a day after you pay the electric bill
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Steam: Xeeh Bitz | PSN: Xeeh Bitz | XBL: Xeeh You
2 years ago#9
Pal 080 posted...
wtf $11 a day for wasting your time and life? What kind of peasant are you?


Imagine if the price on those coins jumps to $1300 like Bitcoins. It's not $11 anymore.
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Don't lie to someone who trusts you.
Don't trust someone who lies to you.
2 years ago#10
Xeeh_Bitz posted...
So running your gpus at 100% for 24 hours = 11 bucks, you're probably averaging like 50 cents a day after you pay the electric bill


It also kills the GPU's lifespan.

Boge posted...
Pal 080 posted...
wtf $11 a day for wasting your time and life? What kind of peasant are you?


Imagine if the price on those coins jumps to $1300 like Bitcoins. It's not $11 anymore.


Yes but why would it jump? Also is there even a way to get that much money out besides trading with shady people in real life? There is literally nothing to make litecoins jump except idiots being idiots.
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