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:
- 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
- electricity costs determine your profitability.
If you have any questions or have anything you’d like me to write about, please comment below.