Bitcoin Forum

Allchains.info reports that litecoin difficulty is currently at 13.22, and is about to bump up to 13.56. I'm not sure if this is the all time highest litecoin difficulty, but it is the highest I have ever seen it. Is there anybody who has kept records of previous mining difficulty who can confirm whether this will be a new record high? If so, what does it mean for litecoin? Will it force a higher litecoin price, or will it prevent additional bitcoin miners from moving across to litecoin?

I've watched the difficulty from October 13th of last year when LTC launched.

this is the highest it has ever been. I suspect it will continue to rise for some time.

Looks like its headed up to 14+ now.  I've been mining on and off since December 2011, and yea, this is the highest I've seen yet.

Yes, it's high.  Network hash rate reached 500MH/s the other day, or the equivalent of about 1,430 5850s.

ya.. tacotime is partly to blame... him and his helpful guides/posts getting all the noobs on board.... (just kidding man..)

but ya, difficulty is just going to go up and up from here as the BTC mining environment gets less and less friendly for a GPU miner and heck.. who doesnt like getting 100ltc/day vs 0.6btc/day

what does this mean for price? price follow difficulty like in bitcoins?

so far it seams to be true. every now and then there are some speculation price changes, but mostly diff. is the 1st factor.

if that remains true, after asics, im guessing a huge fluctuation in litecoin, we have seen 100% price increase the other day, when it spiked at 0,10$/LTC.

for now it settled in around 0,077$/LTC

cheers

Last time I checked Litecoinpool said next difficulty should be over 15.

Wow!

It's profitable to mine LTC vs BTC at the moment. Expect a bunch of bitcoin miners moving in soon.

I seem to recall that it's hit 16 in the not-so-distant-past. That's the highest I'd seen (that may have been a projection, and never met, however)

No. I think last highest was 10 or 11 before this ramp.

10 litecoins to a dollar?

Read the thread subject....it says DIFFICULTY. :P

network hash rate is about to hit 600 mh/s

world is about to explode.

Next Difficulty Estimate   22.80129763     :o

 :o

Now it's hitting 700mh/s!!! Lol. Nuts.

oct 13th last year, so LTC 1 year anniversary immanent?

wheres the next difficulty calculator?

Current Difficulty   22.66672791
Next Difficulty Estimate   28.41062158
Time to Retarget   2 days 17 hours


http://www.litecoinpool.org/stats (http://www.litecoinpool.org/stats)

do we think price will go up more then

Its the same question that faces BTC when the difficulty rises. Does price go up or down? Depends on if people are buying LTC for good/services. As long as there is growth in the market place the economy will grow. Harder coins to get...still need coins to spend... price goes up because of demand.

litecoin should be ever more volatile is all we know

Difficulty went up IMO BECAUSE of price

I think so too. The price is going down a bit and the hashrate dropped as well...

yes the litecoin price has dropped and difficulty will decrease in 2 more day's to 18.19611847

Yea, it got me mining again today at 21.  Now it looks like it wants to drop to 17.  DDoS attack on Litecoinpool, slight price drop, and suddenly Litecoin is boring again.  I'd be okay with low price/difficulty for a bit longer.  ASICS will most likely change everything though.

Current Difficulty   23.03960977
Next Difficulty Estimate   21.10260152

thread necro-ed

Network hash rate hit 825mh/s today, we may see diff 30 relatively soon

The issue is that price won't support that high difficulty, so it should drop down very fast.

Assuming people are convinced the current price is long run stable and won't skyrocket when ASICS debut (which I think everyone thinks may happen long term) and thus people don't think LTC is undervalued long run at the moment.

People mined BTC in huge numbers while it was a price-loss but we all know how that turned out. People aren't getting into LTC mining unaware of this fact.

Stilll going up, we will possibly see 1 gh/s per second on the network today

http://www.litecoinpool.org/pools

First time over 900 mh/s is today

No several weeks ago it hit 1GH/s...it happened for 30 minutes in mid October. Just doesnt show it on the chart on litecoinpool.org

Current Difficulty   25.44272757
Next Difficulty Estimate   22.92489228
Time to Retarget   12 hours 44 min

Well at least that's something. I was contemplating having to switch to pool mining or back to BTC...

luck
early estimates

Current Difficulty   22.80345784
Next Difficulty Estimate   16.83532518

EDIT:

Network Stats
Network Hash Rate   623,491 kH/s
Expected Time per Block   2 min 37 sec
Current Block   242,194
Current Difficulty   22.80345784
Next Difficulty Estimate   21.42879359
Time to Retarget   3 days 04 hours

Maybe we are losing hash power to Terracoin? I certainly notice that mining LTC my GPU's get a lot hotter then mining Bitcoin/aka Terracoin. :-)

Even so, if it drops more, I'll jump back to LTC. :-)

I do see a slight decrease in LTC hashrate in the recent week, but I also see a rally of BTC against LTC, which are historically also linked.  I would say people who mine TRC has reduced LTC hashrate by 1-5% or so.

So, with 2gh/s btc (2mh/s ltc) what would you all recommend right now?

With current difficulties/prices, at 2Ghash/2Mhash, BTC is slightly more profitable, by a margin of a few cents, so at this point, I would say its 100% up to preference.

Do keep in mind though, when you are playing with the calculations, Litecoin mining uses a bit more electricity, and more heat.

Check out http://allchains.info/calc.html and mess around with the numbers.

terracoin its profitable? where is that traded

btc also uses less power since you can underclock the memory much more.

please tell me guys. what is terracoin? and where i can see the information of that coin prizes/diff./miningprofitability ?

it's very new that stuff isn't available. http://terracoin.org and just download the client which mines

http://coinotron.com/coinotron/AccountServlet?action=home

cool. there are already 46.5 GH on trc network

will there soon be exchange for trc ?
really badly wanna trade some LTC for TRC...

bitparking is usualy the first to offer trading for newer coins, i check trcexchange.bitparking.com daily hoping it will be there :))

cheers

DoubleC already declined creating a TRC exchange. Don't get your hopes up.

I likely doubt BTC-e.com will create one either.

IMHO TRC is not likely to go very far in terms of development.

WTF! 53Ghash already. maybe one person is trying to get in early in hopes to make a fortune

i doubt trx is gonna last long, for as soon as speculators mine enough coins the mining will stop and diff will go to 0 in no-time

of course big spikes. but the currency could last...

for what reason do u think so, so far i didnt see nothing special about it, just another fork in our network.
cheers

With bitcoin block reward halving imminent, there should be some interesting times ahead for alt coin miners. Will we see a new record high litecoin difficulty this week?

coinotron just got another 40 or so mh/s

additionally my mining guide is getting tons of views

up we go

Ya.. it might very well be unprofitable soon. I'd suggest having a PPC coin miner configured and ready to go in that case.

eh, i always keep mining regardless of profitability.  i have a lot of ltc so the stability of the network is key for me, which I contribute to.

currently we're at 740 mh/s, up almost 20% from a couple hours ago

10 minutes later and we're at 800 mh/s

jesus, it's exploding

http://www.litecoinpool.org/pools

Ya... it's going to be an interesting week!

Looks like LTC sellers are leaving and buyers are back.
Profitability calculator for LTC shows 2.22:1
You do not see that every day :)

Donations?

Almost a gh/s!!

my god  :o

 1,070.939 GH/s and still rising.

971,901 kH/s

WHY is bitcoin hashrate still at an alltime high though?

Network total   30.667 Thash/s

Current Difficulty   19.7795
Next Difficulty Estimate   37.9888

http://i48.photobucket.com/albums/f213/PaulyMX555/boy-that-escalated-quickly_zps178aa246.jpg

here comes the doubling:

Network Hash Rate   1,203,058 kH/s
Expected Time per Block   1 min 28 sec
Current Block   254,231
Current Difficulty   24.89000718
Next Difficulty Estimate   42.05939138
Time to Retarget   1 days 20 hours

OOF! That'll hurt. Long gone are the days of mining thousands of LTC per day only using a couple CPU's :P

I knew it was going to spike, but I never expected it to do that. Yikes.

I wonder how many Mhash of LTC mining you are directly responsible for.. lol

I expect it to do much more

like 2 weeks from now at least tripled the pre-halving difficulty

litecoin hit 1.5 gh/s tonight, awwww yeah

yeah.. what's more striking is that LTC market cap is now almost 1.1 million USD too

wait where do you get that from

Link please.  Thought it was around 500-600K

$12.50 usd/btc * 0.0066 btc/coin * 50 coins/block * 256308 blocks = $1,057,271 USD

snap, I was using the wrong stats. sweet

Hashrate at 823 mh/s....oh where did Mr. Big hash cock go?

It looks like a few big farms shut down.

I would too if I was running a million GPU farm. It's takes too much time and trouble... its like a full time job... to keep them all hashing just to make $30 a month at 45 difficulty. Might as well sell the hardware now, get immediate profit, and not have to deal with the problems. I'm going to be selling off a lot of hardware if difficulty doesn't drop back down.

what was the big hash cock rate?

looks like the network is back up to 1.3 gh/s after all the ddos noise

Where to next?

After readjust....watch it fall again.

Yes, it will do this several times.

We will have another 4-5 days with high difficulty and low network speed starting tomorrow.

unless ltc price goes up making more people profitable to mine?

A miracle must happen first.

what would that be

Visitors.

Hit 2 gh/s this morning.

Hashrate increase =/= Price increase.

ultimately those additional miners coming from btc mining are only trying to get more btc for their efforts.

Been here, done that, seen it.

 :D

Long live hashrate, who cares about the price
 ;)

eventually people wont just mine for shits and giggles they need the price to increase for that mining to be or become profitable

Hashrate and price, who follows who is a chicken-and-egg problem. They affect each other in either direction, grow or shrink.

The price can be manipulated, hashrate is a better indication of LTC's health and potential in a longer term.

so in the case of rise, most likely price will follow the hashrate/difficulty's lead?

It isn't healthy when someone can add 1 GH/s to the litecoin network at this stage. Last nigh it looked like someone had 70% of all hash power on LTC.

Not exactly sure I condone double spending or code modifications.

I really don't know, but I think it has better than 50% probability.

looks like they're not in USA or dont sleep at night because I didn't see it

takes 1,300 5970's to get 1gigahash

how many people have $364,000 worth of hardware?

Really? that's interesting because if profitability was the motivation, he should have done that when difficulty dropped from 44 to 26....

Maybe a university computer lab running a test or IT guy actually got  it running for shits and giggles on 500 new highest end PC's with 7990's

LOL why else is he mining with his giant farm on LTC? For health reasons?

ROFL!  :D :D :D

sounds plausible considering it's a weekend.

FTFY


If I had reasonable assurance that something BIG was going to happen and it would be worth 0.015 BTC in 3 months I would mine the ever living crap out of LTC regardless of current difficulty.

If i felt price was going to be stable, i would only mine when difficulty is on the down cycle.

just for the joy. because it would be cheaper to buy with btc than to mine it

just a special satisfaction to mine it oneself :)

bump, looks like it's party time on the litecoin network

http://www.litecoinpool.org/pools
http://www.litecoinpool.org/charts

edit: also check out the ltc buy depths, it looks like BTC when it was going up to $30+
http://www.ltc-charts.com/orderbook.php?pair=ltc-usd&market=btc-e
http://www.ltc-charts.com/orderbook.php?pair=ltc-btc&market=btc-e

We hit 1.828 ghs today :)

kickass. but we had 1.5ghash on december 16. not much greater...

BUMP Its hovering around 39 thats pretty brutal, it looks like the hashrate came down a little but the difficulty remains pinged deep in the redzone.

about 6.5 times that now... :\

what do u mean REDZONE?

In a day or so we will hit the highest LTC difficulty ever, 80+

what is the previous high?

In the 50s if memory serves me correct.

2.65 GH/s currently on Litecoin network.  ;D

I thought it was just the high 40's back during the block halving roller coaster.

We'll hit 78-80 today though.

Awesome pawesome :)

I'm pretty sure it was in the 40s. Its quite amazing how fast the litecoin network has grown in the last few months.

It is not that awesome, but logical.

Thousands of new interests were drawn to Bitcoin by articles, and the very steep price increase, so everyone wants to get in. Who gets in, realizes that waitaminutedude, here is something that might not be as premined as BTC, and the difficulty is not that ramped up, let's give it a try with my 1-10 gpu's, instead of Bitcoin.

Hence the network grows, imagine what'll happen if the few terahashes start to mine ltc instead of BTC (which partially started because of it's price increase and the good conversion/electricity rate compared to BTC). The pros already have their batchfile present on the desktop for LTC <--> BTC with everything setup, i am afraid, so...no biggie

Good days will come tho those, who mine :)

bitcoin difficulty just went up. more should switch

Wait 3 hours and LTC's will double as well, so don't be that happy ;)

has the price already reflected the increase in LTC difficulty?

yes, it went down a little

http://www.litecoinpool.org/pools
Total   3,744,400 kH/s

http://img.mu.cdn.li/Ao/xqefEH.jpg

or.. "woah dude.. I can make $10/day with btc... or $25 a day with LTC... "


easy answer there.

not much more than 3. difficulty recently changed so its not accurate with the estimate

It's silly high right now.  ???

Total   9,075,301 kH/s  :o

yes everyone started mining litecoin when they had the jump from 0.52 to 4 now its back at 4 again so i would think more people to mine

I view it as block chain security  ;D

that is downright impressive, considering it is almost all cpu/gpu (unless someone developed a FPGA and is keeping it a secret for themselves)

LOL  :D

ITT we used to complain about 14 difficulty.

Ah... those were the days :)

Current Difficulty   234.44933551
Next Difficulty Estimate   283.8552500

Worst Next Diffculty Estimate: 290.15614504

Soon I won't be able to mine anything :(

300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.

It will.

I don't think so.  I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs.

After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000.

I meant the price will sustain the skyrocketing difficlty

How do you figure? You think there'll be 30gh on Litecoin?

of course

I think there is a fairly direct relation with difficulty and value. The more mature the currency becomes the more perceived value it has. As people start mining less and less coins per day they will start feeling more comfortable giving litelcoins a more accurate value. Which i believe is more around 8-12 ltc per btc

i think 8 to 12 dollars is more accurate than $20 like u suggested

Current difficulty: 364

Sigh.. it seems this last wave of Bitcoin mania brought a lot of new GPU miners to Litecoin.

It petty much killed profitability of it... hope you guys weren't planning on breaking even anytime soon.

It's good for the strength of the network, but sucks for miners looking to pay off or buy new equipment.

Price will be at $5-10 in a month if this keeps up, I would keep your chin up.  There's still about 30-40 GH/s of miners left to migrate to Litecoin from bitcoin.

If anything, now is a good time to buy.

I wish there was an easy way to convert PPUSD to LTC  :-[ :-[

I hope you're right. :)

How did you get the 30-40 GH/s number?

The BTC network was about 20 TH/s before the introduction of ASICs... but with the introduction of ASICs a disproportionate amount of new hash power came online as the price of BTC went through the roof.

http://bitcoin.sipa.be/

On the low end, there is 10 GH/s left to migrate, on the high end 30-40 GH/s I would say.

Additionally, much of the new LTC network is from new miners, not old ones.  I've known people setting up operations in the hundreds of MH/s.

Correct me if I'm wrong, but I'm almost positive I saw a 13 GH network hash rate this morning, with a next difficulty estimate in the 400's. (It's in the chart at litecoinpool.org if you don't believe me)

Was that an error? Where'd 4 GH come from and disappear to?

They are the purely for profit miners.

Difficulty went up along with profitability going down, so they are now mining something else that is more profitable.

I wish they'd just stay away in the first place..

Difficulty might go down instead of up next time it changes.

I can't believe how fast the difficulty has been going up for LTC over the last month. Certainly a debbie-downer.  And don't see the rate going down, nor the price of LTC going up anytime soon. ( I hope TT is correct though..)

At this rate I'm gonna to have to start mining Devcoins in a couple of weeks :) !

I kind of agree with you. I see price only rising slightly or staying stable short term.

When/if Gox happens, we might go on a bit of a bull run. But, they haven't said anything about that for a while, I hope they are still planning on doing it. Also, that will just set us up for another bubble.

Just curious about general opinion here. Who would think buying a new 7950/7970 or even a couple of them for mining in general, not limited to litecoin, would be a worthy endeavour? Too risky? Not worth it by now? Totally go for it?

The litecoin hashrate dropped hard from 14 gH to almost 9. Is it because many miner changed to feathercoin?

If you are in purely for profit, I wouldn't expect to reach ROI anytime soon with the way the difficulty is rising. If you believe in LTC and are in for the long haul, then yes I think it is worth it. Either way I don't think buying GPUs is that risky since you can always sell them and make a good % back.

How do people cool that much Mh... they must live in the north poll.  :D

By my calculations, that is about 43,988 watts of computers.

That would require a 141,203 BTU, 12 Ton A/C... that's just nuts considering most homes only have 2.5 Ton A/Cs....

Those are the guys that mine purely for profit.. they switched to a more profitable coin because Litecoin difficulty is too high right now.


I suggest investing in LTC the currency. I bet you double your money in a month. To make that kind of profit with a mining rig, it might take a long time.