charley wrote:Can someone shed light on ltc lower payouts? I am new and a 71 year old trying to understand this new world. What to mine has ltc at $16.64 on poloniex Is this site inaccurate? When ltc goes up in price how does this effect payout or is it the rise in difficulty or maybe a ratio of the two? Why do we not mine pink coin etc?
Respectfully
Charley
I dont think you can mine on poloniex, thinking thats just an exchange. And IF they are trading LTC at 16.64 I would say go buy a shit ton of it and resell it, because right now most other exchanges buy and sell it at over $180.
Charley, that might also have been 3 days ago, in the past week profits have cut in half, so check the date or refresh or see when the data on the chart you were looking at was last updated/recorded. Polo also inflates all their prices, like buying bread with yen, instead of it being $180 dollars its $200 in dollar tokens, and its like working between canadian dollars and US dollars, one is just off form the other enough to skew all your calculations the whole time you are on your trip.