LTCgear.com Review for Oct. 24th, 2014 Payout: Which Was More Profitable, Mining Litecoin (LTC) or Feathercoin (FTC)？
We had selected to mine Litecoin for this week, but our current mining contract allows us to select between Litecoin and Feathercoin, and we want to verify whether selecting Litecoin was the best choice for Oct. 17th - 23rd, 2014.
We are curious to verify as Litecoin has been more profitable for some time, but last week, Feathercoin outperformed Litecoin. Litecoin/Feathercoin mining results at LTCgear.com has been as follows for the past 5 payouts:
・Oct. 17th Payout : Litecoin 1.757189408 BTC < Feathercoin 1.82286 BTC
・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
This week, 1 ASIC Share yielded 0.01935993 LTC in one week of Litecoin cloud mining.
Since we have 8,640 ASIC Shares, our total yield was
8,640 ASIC Shares x 0.01935993 LTC/7 days/ASIC Share = 167.2697952 LTC (Oct. 17-23rd)
Using Litecoin GEAR's LTC/BTC rate of 0.0104,
167.2697952 LTC x 0.0104 BTC/LTC = 1.73960587008 BTC (Litecoin cloud mining)
this is the final yield, in BTC, for Litecoin cloud mining at LTCgear.com.
For Feathercoin cloud mining, 1 ASIC Share yielded 1.92880867 FTC over the course of the week.
Since we own 8,640 ASIC Shares,
8,640 ASIC Shares x 1.92880867 FTC/ASIC Share = 16,664.9069088 FTC (Oct. 17-23rd, 2014)
So we would have mined 16,664.9069088 FTC between Oct. 17th - Oct. 23rd at LTCgear.com had we selected FTC.
Since LTCgear.com doesn't offer exchange rates for FTC/BTC, if we use BTC-e.com's exchange rate of 0.0001 BTC/FTC,
16,664.9069088 FTC x 0.001 BTC/FTC = 1.66649069088 BTC (Feathercoin cloud mining)
We would have ended up with 1.66649069088 BTC with Feathcoin cloud mining, which is smaller than Litecoin's result of 1.73960587008 BTC.
So, for the week of Oct. 17th - Oct. 23rd, 2014, Litecoin yielded better results in BTC than Feathercoin. In retrospect, it was a good decision to have stuck with Litecoin, despite last week's results.
Including this week's results, out of the 6 previous payouts, Litecoin outperformed Feathercoin for 4 out of 6 times.
This may change in the future, but for now, if you have purchased 'ASIC 1K6X - Anniversary' like we did at LTCgear.com and have a choice between mining LTC or FTC, selecting LTC is likely to lead to better payouts in terms of Bitcoins, based on the past 6 payout trends.