Litecoin mining. Any thoughts?

[kickapooh]

Yeah, yeah I know. Another thread about cryptocurrencies. Just move on if you're not interested ;)

Back on track. I've been thinking it might be interesting to build a few of these miners just for the hell of it. http://www.cryptobadger.com/build-your-o...ining-rig/

I'd just plug them in and forget them for a year. It may be a big waste of money and I may not make a cent of profit in the end but you never know. If all else fails I could turn them into some nice gaming PC's for the kids.

Anyone doing this here already? If so post up some pics of your setup if you got the time.

[Academica]

As i have heard, there soon will be ASIC for faster mining and probably it will bring down the regular miners. I personally decided not to jump in mining only because i can not afford good ASIC. A friend of mine bought some cards and made a the rig for mining bitcoins but after the ASIC boom he has orientated to litecoin mining and is satisfied with the earnings.. so it all depends..

[primoto]

hi check this out:

Code:

http://samkear.com/hardware/analyzing-profitability-building-litecoin-mining-rig

it is a detailed ROI calculation for litecoin miner, well maybe the numbers are a little bit outdated, but still can be useful!

[gruuvmunky]

what i NEVER understood is the creating of coins out of thin air. Solving a random math problem has NO value, but people are paid 'money' to do it.
Then the money is assigned real world value.
seems like a ploy by the creator of the 'coin' to make himself rich