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Litecoin Mining: Building a Rig

Last week I built a Litecoin mining rig which cost $1673.96 to build. To break even, assuming I can produce 10 Litecoins, I need Litecoin to trade at around $167.40 USD. It is currently trading as of 12/16/2013 at around $25 USD.

The 2 important things to know about Litecoin mining or mining any cryptocurrency are:

  1. most mining profitability calculators are wildly off after a few days. They assume linear growth of Litecoins whereas growth is really logarithmic, and eventually mining becomes unprofitable. The most accurate one I could find is at Bitcoinwisdom and that assumes you guess the growth of difficulty accurately, and
  2. electricity costs determine your profitability.

If you have any questions or have anything you’d like me to write about, please comment below.

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