Show HN: Coinwell - the easiest way to mine litecoins

Logically, this must generate less income than it costs to run, otherwise the people running it would make more money mining Litecoins themselves rather than selling the service to mine them.

Lets quickly do the math on this.<p>At the time of writing, Litecoin is at $23.50 and Bitstamp is showing Bitcoin at $821.<p>The cost of the lowest service is 0.75BTC pa, which works out to be $615.75 per year.<p>615.75&#x2F;23.50 = 26.2021276596<p>At a rate of 0.5 MH&#x2F;s, we&#x27;re looking at 0.12406948 LTC a day[1] at the current network difficulty.<p>So, to mine 26.2021276596 LTC, it would take us 211.1891470779115 days. That came out a lot quicker than I thought it would, but still an exorbitant amount of time.<p>LTC is not my interest or strong point, so if there are any errors, please let me know so I can correct them.<p>[1] <a href="https://www.litecoinpool.org/calc?hashrate=500&amp;difficulty=3891.34232183&amp;power=&amp;energycost=0.10&amp;currency=USD" rel="nofollow">https:&#x2F;&#x2F;www.litecoinpool.org&#x2F;calc?hashrate=500&amp;difficulty=38...</a>

The interesting thing is that India has one of lowest costs for electricity.

Maybe a referral program like CEX will help Coinwell out

&quot;We are a company registered in India.&quot; -- No, thank you. Economic and political stability required.

1.5mh&#x2F;s is tiny.

are you running any promos? :P