All About BTC, LTC, ETH mining as well as other alternative crypto currencies
The first Dualminer USB ASIC devices that can simultaneously mine Litecoins (LTC) and Bitcoins (BTC) and alternative crypto currencies based on scrypt and SHA-256 that we’ve already mentioned here have started appearing on eBay. These devices based on a single Gridchip GC3355 processor chip from Gridseed are rated as capable of: 500MH/s SHA-256 and 40KH/s Scrypt when operating for mining both, or 1.6GH/s when mining only BTC or 70KH/s when mining only LTC. Again, price wise these are not very interesting products, unless you want to be able to try the Gridseed chips and see how well they can perform. What would be more interesting are multiple-chip devices that offer significantly higher performance, but the good thing is that things are finally happening for Gridseed and we are actually seeing devices based on their innovative dual mining SHA-256 and Scrypt at the same time Gridchip GC3355 chips.
After a momentary drop in price the DOGE price is on the rise again kicking the profitability back to double that of the LTC, even though the Litecoin difficulty has been recently adjusted from 3,998 down to 3,130 (-21.71%) thanks to the rise of the DOGE. We may see yet another drop in LTC difficulty in another 3 days if the profitability of the DOGE continues to be good and thus the profitability of the LTC mining could get better as well. The big question mark at the moment is how things will go in the next few weeks due to the Chinese New Year holidays that are just about to start and the concerns are not only about LTC prices (it has dropped a bit already), but also for the BTC and other cryptos as well.
Meanwhile the DOGE could secure even better position becoming closer to securing a good market position after the LTC. With the current price 5 DOGE coins trade for about $0.01 and a lot of people that mined DOGE coins at lower difficulty and haven’t sold them yet are hoping for further increase in the price to about 1 DOGE per 1 US cent to realize good profit with the hundreds and even millions of coins they have already mined. However it is up to you if you mine now and sell now, or mine and wait for even higher price as the interest in DOGE remains high. But the answer to the question if you should mine DOGE now instead of LTC directly at the moment is HELL YES due to the much higher profitability!