{"id":1343,"date":"2013-12-16T14:14:22","date_gmt":"2013-12-16T22:14:22","guid":{"rendered":"http:\/\/www.codebelay.com\/blog\/?p=1343"},"modified":"2013-12-16T14:14:22","modified_gmt":"2013-12-16T22:14:22","slug":"litecoin-mining-building-a-rig","status":"publish","type":"post","link":"https:\/\/www.codebelay.com\/blog\/2013\/12\/16\/litecoin-mining-building-a-rig\/","title":{"rendered":"Litecoin Mining: Building a Rig"},"content":{"rendered":"

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.<\/p>\n

The 2 important things to know about Litecoin mining or mining any cryptocurrency are:<\/p>\n

    \n
  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<\/a> and that assumes you guess the growth of difficulty accurately, and<\/li>\n
  2. electricity costs determine your profitability.<\/li>\n<\/ol>\n

    If you have any questions or have anything you’d like me to write about, please comment below.<\/p>\n","protected":false},"excerpt":{"rendered":"

    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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[278,5],"tags":[],"class_list":["post-1343","post","type-post","status-publish","format-standard","hentry","category-software","category-techbiz"],"_links":{"self":[{"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/posts\/1343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/comments?post=1343"}],"version-history":[{"count":0,"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/posts\/1343\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/media?parent=1343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/categories?post=1343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.codebelay.com\/blog\/wp-json\/wp\/v2\/tags?post=1343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}