Let’s have some real talk.
I have a Antminer L3+ and I mined 15 coins with it via litecoinpool.org started in March 2018. It’s been switched off since shortly after the last LTC halving, I expected my mining to be slow based just on having one miner but the rewards/PPS was just so insignificant after this event it didn’t make sense to continue using it.
So I’m just hanging on to these 15 LTC coins in my hardware wallet right now in the hope that some day they may be worth more. At the moment the total value is significantly less than the amount I paid for the miner when they first came out. I’d need 42.2 LTC at today’s value just to break even with the amount I paid for the miner (fortunately I didn’t have to pay energy costs!) and 2 LTC for the hardware wallet.
Is this the best I can hope for or should be doing? As things stand I can’t see the coins ever being the same value they were when I started mining (~125 GBP). There doesn’t seem to be any innovation coming out of or involving LTC and attention has shifted to other cryptos. None of the optimisms/hoped for projections based on events have happened. For example, I received the Litecointalk Forum summary in my inbox this morning and I appreciate it’s in the off topic category but it’s about “Mysticism in Life”!
My gut feeling (not based on any real, just through observed lack of energy in LTC now) is that it will tank or maybe I’m just uneducated at the moment.
Would be really interesting to hear others opinions on this. Like I could be missing something crucial in terms of news.