LTCgear ASIC Shares : Which Was More Profitable for Oct 9th - 15th Period, Litecoin or Feathercoin?
We had chosen to mine Litecoin for this week and got paid in Litecoin, but what if we had chosen Feathercoin? This is one question we verify each week to make sure our coin selection is in line with the market trend.
'ASIC Share 1K6X - Anniversary', which we ordered 4 sets of in August, is able to mine either Litecoin or Feathercoin.
This week's results for Litecoin was 0.01955602 LTC for 1 ASIC Share.
We had 8,640 ASIC Shares, so we were entitled to
0.01955602 LTC/ASIC Share x 8,640 ASIC Shares = 168.96 LTC
The payment we actually received was 168.96052 LTC, which was 0.00052 LTC above our estimate (it's usually less). Using Litecoin GEAR's LTC/BTC rate of 0.0104, we get 1.757189408 BTC.
On the other hand, Feathercoin earnings were 2.34416065 FTC for 1 ASIC Share.
Since we have 8,640 ASIC Shares,
2.34416065 FTC/ASIC Share x 8,640 ASIC Share = 20,254 FTC
Using BTC-e.com's latest rates, FTC/BTC rate is 0.00009.
Using this ratio, 20,254 FTC converted to Bitcoins is 1.82286 BTC.
For the week of Oct. 10th - Oct. 16th, Feathercoin was a better coin to mine with 1.82286 BTC in output compared to Litecoin, which yielded 1.757189408 BTC.
This is a new trend as Litecoin has been yielding better results than Feathercoin for 3 out of 4 weeks in the past:
・Oct. 10th Payout : Litecoin 1.762282224 BTC > Feathercoin 1.66761 BTC
・Oct. 3rd Payout : Litecoin 1.9908405504 BTC > Feathercoin 1.816128921 BTC
・Sept. 27th Payout : Litecoin 1.66414842879923 BTC > Feathercoin 1.34681464896 BTC
・Sept. 20th Payout : Litecoin1.6509466624 BTC < Feathercoin 2.26767202816 BTC
We will see if this trend is here to stay or not. If it is likely to continue, we may consider switching to Feathercoin mining in the future for our ASIC Shares 1K6X - Anniversary.