Litecoin Mining: 11 month progress

in #crypto3 years ago

So I have been mining Litecoin for about 11 months now and I wanted to share some insight into my little operation for anyone who is curious about it.

I have two L3 Bitmain miners and collectively they average about 1015 MH/s. What that translates to in dollars (as of 1/8/2022) is about $2.98 a day or $89.49 a month (this is profit btw). Over 11 months I have accumulated about 23.3 Litecoins! But I don't have them all because I did spend some on the electricity and internet bills. For reference, I pay 30 dollars a month for my internet bill and 12 cents per kilowatt-hour for electricity.

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I'm not too sure what to do with my Litecoins at the moment. I'm pretty much holding until I see a good price for Litecoin for me to leave and maybe reinvest in other cryptos/stocks. At the moment it's rough but I'm a patient person.

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