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Title: Litecoin Difficulty Preditcions Post by: grums on November 30, 2013, 10:16:57 PM Hi, Just wondering if there is a site that predicts how much of an increase in difficulty LTC will become over the next month. Or even peoples thoughts on it. Difficulty is around 1.7 at the minute, what do people expect it to be at this time next month? Double or more? Just wondering if its pointless to build a minning rig now. Title: Re: Litecoin Difficulty Preditcions Post by: cdog on November 30, 2013, 11:16:45 PM As someone who has been in the LTC mining game for a while, heres the scoop.
When huge price jumps like this occur, everyone tries to mine. Then shortly thereafter, usually there is a big price correction, and a huge difficulty increase. So consider whether you like mining with $15-25/LTC and a difficulty of 3500-5000, thats likely the outlook for Early 2014. Who knows, but the price jumps in LTC were on low volume, and likely the result of big players manipulating the market, so beware. Title: Re: Litecoin Difficulty Preditcions Post by: grums on November 30, 2013, 11:41:48 PM As someone who has been in the LTC mining game for a while, heres the scoop. When huge price jumps like this occur, everyone tries to mine. Then shortly thereafter, usually there is a big price correction, and a huge difficulty increase. So consider whether you like mining with $15-25/LTC and a difficulty of 3500-5000, thats likely the outlook for Early 2014. Who knows, but the price jumps in LTC were on low volume, and likely the result of big players manipulating the market, so beware. Hey, Thanks for the advice, appreciate it. I was mining back in april when the difficulty was around 300 and gave up after a month or so. What a massive mistake that was. |