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Old 21st February 2018, 09:36 PM
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steamship steamship is offline
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Location: Londonderry, Northern Ireland
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Lots of useful information, but one question I forgot to ask was partially answered by Ainars, in respect to LCC.

That question is in respect to getting your crypto currency converted to £££££. It's all well and good using these miners to accumulate various currencies, but to me as an outsider, they seem to be more focused on investment. Maybe I'm reading things wrong, but I'd like to invest in a miner to supplement my income, rather than to accumulate 'crypto wealth' that I can possibly convert further down the line.

Mark mentioned about LCC and projected earnings of £32/day, but there is also his £140/month of electricity use. That might be okay if you're in full time employment and can soak up the extra electricity use, but what if you can't soak it up and instead want to use part of your mining returns to pay for it? Hypothetically speaking, LCC could return £960/month, less £140 for electric leaving £820 potential profit in LCC. You could then have a choice of leaving it as LCC as investment, convert it all to cash, or a combination of both.

However, as Ainars mentioned, only one exchange trades it, and this is the question I forgot to ask. Just how easy/difficult is it to convert your currencies, so that you can actually use them to pay bills or buy something?
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