Le me show you how to make some easy money with litecoin, but don't worry, I will not try to make you buy some genesis-mining contract using my discount code.
First, let me say that I lost some money last year when a cloud mining website that I was investing(hasheer) suddenly disappeared, so I currently do the necessary investigations before investing any amount of money.
HASHNEST
Hashnest is the cloud mining website from the bitmain company that manufactures the S7 and S9 bitcoin miners. They are also the owners of the largest bitcoin mining pool in the word. ANTPOOL
If they are so big, why you never heard from they before? That is easy, they do not have an referral program. So, no youtuber or website will tell about it because they will not be able to squeeze some referral money like they can do on genesis-mining.com contracts.
But don't trust me, go to the badbitcoin website and check if Hashnest is in their SCAM list. HERE
Now, you should go to the HASHNEST WEBSITE and create an account.
LITECOIN - MINING PROFITS
Let's do the math about profitability, because that is why we are here, right?
An antminer L3 device cost today 3600 dollars for 504 MHS of mining power.
In order to calculate your profit, you should access the COINWARZ website and confifugre 504000 as the hash rate and set a pool fee of 4%.
So, we have a cost of 3600 dollars and a profit of 41,32 and with that we can say that you should get your return of investment in approximately 88 days.
Everything after 88 days is just profits, but let's not stop here, because I really want you to be happy.
By purchasing the mining power of the hashnest website you become the owner of the Antminer L3 device and at any point you can sell your device or a fraction of your mining power to make a profit.
Let's say that after 88 days you got you return of investment back, so you already have 3600 dollars in your pocket and then you decide to sell your Antminer L3 and its 504 hashpower for another 3600 dollars.
You just doubled you money in 89 days without the need to trade, gamble or anything else.
Keep in mind that if the price of litecoin goes up, you get your money back in less than 88 days.
Now, could you please go make some money ;-p
REMARKS
If you dont have 3600 to purchase an antminer L3, you can just purchase a fraction of its hashpower. usually 1 hashpower cost 7 or 8 dollars.
Will try to get a mining contract at genesis-mining as soon as they are back.
Well you could do that, or try to purchase de L3 as I show in this post.
But, with genesis mining litecoin contracts or purchasing an L3 device at hashnest you will make money anyway
Ok, thanks for the info
They dont have l3 machines available now, do you know when will it be available?
idk but it is best to just wait and purchase the hashpower when the miner is back in stock
Litecoin is up 30% since yesterday...did someone listen to me and bought the mining contracts...??? ;-p
I told you guys to purchase litecoin contracts 8 days ago and now litecoin is up another 30%
Thanks for the tip, i do like Litecoin - I will check out the site.
You re welcome pal, let make some money :-D
I am mining Ethereum and Zcash now, the company I use now does not have litecoin as an option.
I also mine litecoin on the minergate website using a computer with 2 GPUS
I would get off minergate, you are better off with nicehash. With nicehash I made 4x the money in a month. Minergate is good for new people to get familary with cryptos but that is all its worth.
Solid post. I was about to post a similair thread. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) Does anyone know about: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. See: https://www.coincheckup.com/coins/Litecoin#analysis To check Litecoin Investment research.
No just no, leave mining to farms...
imagine buying the hardware and it burning down or suddenly LTC drops to 0...
Well, cryptocurrency is a risk business. By this logic, you could say: Imagine if you bought 100000 litecoins and the price goes to 0.......