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Litecoin Mining with NVIDIA P-106

We’ve been looking at different GPU’s for mining Crypto Currencies. Today, we’ll look at the NVIDIA P-106 GPU for mining Litecoin.

Specifications

The hashrate of these cards, when tested by our team, came out to about 20 MegaHash/s, and each card only took about 75W. If you use a rig consisting of eight of these, then the total Hashrate will be around 160 MegaHash/s for only 600W.

The price of this GPU is also very cheap. You can get a complete rig, consisting of 8 of these for  R55,574.

Why Litecoin?

Litecoins have quicker transaction times, and lower transaction fees. For this reason, you should invest in mining Litecoins

Profit?

So let’s assume we turn on our mining operation and leave it on for a month. We will have mined 0.01334 Litecoins per day and 0.4002 Litecoins per month. That comes up to around 800 Rand per month. The cost of the power to run this is around 400 Rand per month.

So we are left with a net profit of around 400 Rand per month. If we add a few extra cards, we can easily increase our profit margin even more

When you consider that the lifetime of the NVIDIA processor is double that of other GPU’s because of its fan, this is an excellent deal. With the value of Litecoins expected to increase around 10 times in 2018, that means you’ll net 48,000 Rand in one year.

That means you can pay off the value of the GPU in just over an year

Litecoins or Ethereum?

Our previous article calculated the profitability of Ethereum via the same GPU. Quoting from it:

So let’s assume we turn on our mining operation and leave it on for a month. We will have mined 0.01189 Ethereum per day and 0.3567 ethereum per month. That comes up to around 2900 Rand per month. The cost of the power to run this is around 400 Rand per month.

So we are left with a net profit of around 2500 Rand per month. If we add a few extra cards, we can easily increase our profit margin even more

This shows that we should mine Ether, and note Litecoins, using this GPU. Ether can later be traded for Litecoins, depending on the growth of the currency.

Conclusion

It would be best to mine Ether with this GPU. However, Litecoins will still be extremely profitable, and it can be done via the same GPU. However, why would you leave potential profit?

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