<p>The Antminer S5 mines <code>SHA-256d</code> hashes as used by Bitcoin.</p>

<p>However, Litecoin uses <code>Scrypt</code> as its hashing algorithm instead of <code>SHA-256d</code>. That means that the S5 cannot be used to mine Litecoin and the numbers are not comparable.</p>

CC BY-SA 3.0
2017-03-05T11:22:18.907Z
I see, thanks for the quick answer! But nontheless, if I continue my calculations there are options with i.e. the S3 and Peercoin to break even in around 7 months. That seems still to fast..
derfium
CC BY-SA 3.0
2017-03-05T10:51:28.903Z
2017-03-05T10:51:28.903Z
Murch
<p>Not exactly a Bitcoin question but it's about mining.</p>

<p>I wanted to step into crypto mining, but on a rather low budget. Unfortunately, it is hard to start with Bitcoin when you have a low budget, so I thought about going into Litecoin mining. </p>

<p>I looked up the current exchange rate, the current difficulty and found an affordable S5 Miner with 1155GH for about 250Euro. To calculate the expected reward I used the bitcoinwisdom.com calculator, who told me, with the current exchange rate and difficulty I could mine 46340USD a day, the calculator at litecoinpool.org said it's 23753.54USD a day.</p>

<p>Even though those number are completely different, I cannot trust any of them. What am I calculating wrong?</p>

<p>Thanks in advance!</p>

CC BY-SA 3.0
2017-03-05T10:54:56.713Z
Hey Marcel, welcome to Bitcoin.Stackexchange! I've changed the title of your question to summarize the topic and made some slight edits of your post. Please feel free to further adapt the post if I didn't capture your intent properly. :)
Murch
<litecoin><mining-profitability><mining-hardware><mining-reward><antminer>
Why are my profitability calculations for Litecoin mining with an Antminer off the chart?
derfium
# Why are my profitability calculations for Litecoin mining with an Antminer off the chart?

(Asked by: username_0 on 2017-03-05)

Not exactly a Bitcoin question but it's about mining.

I wanted to step into crypto mining, but on a rather low budget. Unfortunately, it is hard to start with Bitcoin when you have a low budget, so I thought about going into Litecoin mining.

I looked up the current exchange rate, the current difficulty and found an affordable S5 Miner with 1155GH for about 250Euro. To calculate the expected reward I used the bitcoinwisdom.com calculator, who told me, with the current exchange rate and difficulty I could mine 46340USD a day, the calculator at litecoinpool.org said it's 23753.54USD a day.

Even though those number are completely different, I cannot trust any of them. What am I calculating wrong?

Thanks in advance!

**Tags:** litecoin, mining-profitability, mining-hardware, mining-reward, antminer

> **Comments:**
> **username_1**: Hey Marcel, welcome to Bitcoin.Stackexchange! I've changed the title of your question to summarize the topic and made some slight edits of your post. Please feel free to further adapt the post if I didn't capture your intent properly. :)  

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## 1 answers

### Answer by username_1 on 2017-03-05. Score: 1 | Accepted answer

The Antminer S5 mines `SHA-256d` hashes as used by Bitcoin.

However, Litecoin uses `Scrypt` as its hashing algorithm instead of `SHA-256d`. That means that the S5 cannot be used to mine Litecoin and the numbers are not comparable.

> **Comments:**
> **username_0**: I see, thanks for the quick answer! But nontheless, if I continue my calculations there are options with i.e. the S3 and Peercoin to break even in around 7 months. That seems still to fast..  

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