Is Litecoin Mining Profitable?

As per the data, Litecoin can be the next big thing by the end of this year. But at the same time it could be complete waste of time and money. As such plenty of miners and investors believe altcoins can face challenges when it comes to market growth. The most important factors that we should considre before investing in litecoin are -

  • It is a long-term investing.
  • Before investing you must analyse all implications of investment.
  • For litecoin mining you require scrypt-based cryptocurrency mining such as litecoin asic mining hardware.
  • The cost of electricity is the another improtant factor that infuence your profits from mining.

From my opinion, i think profit depend on knowledge. If you are still learning cryptocurrency mining then you cannot expect optimum return.