It’s generally considered too late to get into Bitcoin mining – the ultra-competitive process now requires more computing power and electricity than the typical individual can muster. Mining Litecoin, or another altcoin, is more realistic for someone who wants to get started in mining as a hobby. Before starting, any prospective miner should consider how much they really want to do this and why. Much like the 19th Century Gold Rush in America, lots of people have dived-in to the cryptocurrency world and, like many of those 19th Century Americans, they will have wasted their time and money. If you start mining Litecoin today, then your electricity costs – not to mention the setup costs involved in buying a mining computer – are likely to outweigh any profits. The same is true for a lot of altcoins too. Use a mining calculator at a site like CoinWarz to check profitability
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