Bitcoin Forum

Open for business  :)

 So just for the hell of it anyone care to speculate on a starting price on these? Only a couple coins on coinmarketcap that have a similar number in existence: Total LTB (@ block 4555)= 22775.

RPC has 22,538 total with a MC of $153,422 are selling for 0.01023 BTC or $6.81 ea.

Bitgem, which is newer, and closer to this coin has a total of 24,969 BTG, with a MC of $ 228,360, are selling for 0.01375 BTC or $9.15 ea.

Both of those market caps are within very easy reach of a coin like this, I'm sure we'd all agree...

Thoughts, or math explaining another price point anyone?

Sounds fair. Your prices are based on coins that are already established though. This coin still had to prove itself, and see if it does not die within a week. I will add my speculations for the price as of right now purely based on hashpower/return money. It seems that with 3.5mh at current difficulty you make about 30 coins per day. with my 3.5mh rig i'd say i could make 0.1 btc per day. This is a bit much but lets take this price to make it easier. so 30 coins = 0.1 btc. 1 coin is 0.1/30 = 0.0033 btc as of now purely based on hashpower. This could obviously go up alot more if the difficulty goes up.

Isn't the Bitgem one pretty new? idk I'm just thinking aloud here...lol

alright, actually not really familiar with. Just guessing that it might be new but certainly not THAT new as people are paying 9 dollar per coin for it? I'm assuming its an established one. Anyway, let's continue the talk about the price and/or buying sell of this one :) If this one survives, it will be worth a lot very soon, since the block pay out will have within 5 days.

I'm going to work under the assumption that nothing catastrophic is going to happen. Ofc, we all know it could but why be negative...lol

Well how about we come at it from the total coins minted perspective. 1.35 million total, that is pretty damn rare... Anyone know of a coin with a similar total coins to compare it to?

I am currently paying 0.016 BTC for each coin.

Currently i charge 0.017 to rent my rigs per 1000.

Currently 5.6mh = about 48 every 24 hours.

So the cost of renting my rig out is what i am paying for this new coin, same as if i was mining them myself.

well we got our first buyer. Thanks for setting a price! I think it's a fair one too :)

Sorry 0.0016 as i can either get guaranteed 0.017 or a bet on this thus the difference.

Ok, so I am seeing 0.016, in the first "I'm paying" post, 0.002, in the quotes, and a final post saying 0.0016...

Which price is real?...lol

Also, they seem to be heading the wrong direction..;)

0.016 he said. What wrong direction? Better to discuss that in the main topic btw.

I am talking about the various prices going down 0.016, then 0.002, then 0.0016... rather than the alternative of up... I might be a seller, depending on the price...lol

Hi I want to sell !

WTS: 8 Litebars

Price: Pm offer

Terms: Buyer goes first. I have been scammed to many times to ever go first again. If a person wishes to buy more then 1 we can exchange 1 at a time to make the buyer feel more comfortable. Pm me here if interested.

Got scammed by MissBTC watch out.

wts 170ltb = 3btc each ltb
pm me if you're interested in  ;D
im a trusted member  :)
http://i829.photobucket.com/albums/zz215/ronaldinho_tnt07/1EA2nhch1EE5pmagravenhigravenh_2014-02-13_095216_zpsa1aea30b.jpg~original (http://s829.photobucket.com/user/ronaldinho_tnt07/media/1EA2nhch1EE5pmagravenhigravenh_2014-02-13_095216_zpsa1aea30b.jpg.html)

Let me guess, you sent the BTC first and then (s)he would send the LTB after? I don't suppose (s)he sent you a link to a private chatroom to discuss the deal?

I have more, but I'm only willing to part with 10 at the moment  ;D


PM me with offers if interested if interested!

WTS 14 LTB

https://i.imgur.com/Y46PxDq.jpg
PM me offer

I might part with some for the right price. If you are interested PM me amount you want to buy and the price per LTB.

I've decided to sell off as many as 50, at 1/6 of what the above person wants, if anyone is interested at that price point... 0.5 BTC ea.

Will not send first... look thru my history at my first few posts and you'll see why. However my real email is unhidden on my profile, which links to the website of the company I own. It has a facebook plug-in on it. If I was to scam anyone... Even an accusation of theft on that... would cost me thousands of dollars in real world "feed my kids" business. THAT is something I would never do over a few bucks in crypto's. For that matter you can go to the website and call the company phone number, it's forwarded to me right now (Although it's after 1AM, and I am going to bed, please call in the morning...lol). Also note that the attached picture is also hosted from the same company website, further proof of who I am. Corroborating Twitter here: https://twitter.com/Nocturnal2112

In short, I'm not hiding from anyone, nor do I have anything but honest intentions, I have been in business for many, many years, and have thousands of happy window tinting customers in the real world. Ripping people off is not my game.

Will send in small amounts, will use an escrow if you like, but not sending first...period

Proof I have them:
http://www.shademasterstinting.com/images/litebarwallet.jpg

Edit: lowered price a bit.

Na not even that. I sent first then they ran off with my $20, what is the world coming to....

For anyone that's not smoking crack ;D and got some litebar they actually want to sell I'll buy 100 for 0.1 btc for a punt. Some of these prices are crazy for a relatively new coin that's still easily minable with a decent graphics card and might never actually be worth anything in the future. Come on you know it makes sense ;).

Even at current difficulty and reward, both of which are going to move in the wrong direction from an easy mining point of view (next difficulty should go from 12 to 15-17, reward goes from 5 per block to 2 in 2,350 blocks), 0.001 BTC per LTB is less than mining opportunity cost.

I'm running at 40MH/s Scrypt and I can get an estimated 315 LTB per day. The most profitable coin I can mine (MAX) would net me almost 1 BTC per day with the same setup as it will get 19.5GH/s SHA-3 = approximately 850 MAX x 0.00115 ea = 0.9775 BTC. Therefore 315 x 0.001 BTC per LTB = 0.315 BTC = less than 1/3rd of what could be earned elsewhere.

Add in the difficulty increase and forthcoming 60% block reward decrease, not to mention the possible addition of Kimoto's Gravity Well by the devs, and I think your calculations may be off  :)

It's a fun one to price with all the variables!

I agree it's very interesting! My offer may be a little off the mark but I've been burned far too many times buying into new coins early at premium prices only for the value to then decrease afterwards (42 springs to mind). I've got several wallets with coins in that are literally worth 10% of the price I purchased them at during early hype that have cost me many btc.

I really hope that these do go on to be worth good money as I've already mined a few myself :).

I threw the offer out there for anyone that got in early and might be sitting on a quantity. It's better to get something now than possibly nothing in the future or sit on them, wait and hope ;).

Anyway I'm back off to work to earn an honest living ;D.

What are the chances of the OP changing the thread headline from a "WTB Litebar" to a "Litebar trade thread" kinda headline?

So what you are saying is that 0.0031 or so is what they should cost right now (at current block reward/difficulty) to be equally profitable with whatever is highest currently (Max).

However, in a couple thousand blocks, once the block payout drops by 60%, that "price to mine" increases by 60%. This is not even factoring in dificulty going up from the current 12~, or KGW, both of which would make it also go up in mining cost.

Interesting, may rethink prices a bit here.

115 Coins to sell. PM me offers.

That's my wholly simplistic view of it from a miner's perspective, yes. The problem is that there are so many variables involved that it's a real bear to come up with any kind of value other than a moment-in-time snapshot.

For example since I wrote that post a couple of hours ago, MAX has shot up to 0.001879 and the amount I could mine per day has gone down to roughly 670. Therefore I could now make 1.26 BTC per day mining MAX which alters the calculation by a lot. On the other hand the LTB network hash rate has dropped a fair bit and the next estimated difficulty is 14 rather than 17.

Add in the 60% block reduction, the likely severe drop in network hash rate after block 7200, plus possible KGW implementation, and my latest valuation would be somewhere between not much and quite a lot  :D

Ok, so we all know that every coin spikes when it hits an exchange, which then dumps, as miners turn the coins over to the speculators. Before slowly climbing to where ever it is ultimately going. With this in mind...

In my mind, I figure a good realistic starting price is the 0.015~ range that has been floated here. To me, it is high enough to nicely reward the people that jumped on the train at launch, without getting rediculously greedy. But it is not so high as to not leave room for the coins to be resold for a MASSIVE profit during the inevitable "spike" for those speculators wanting to quickly multiply thier investment when it hits that first exchange. Keep in mind that Maxcoin started at .015-ish, and spiked to 0.04 ea. at a time when there were almost as many MAX in existance as this coin will ever have in total. (there were around a million MAX at that time, as opposed to only 25100~ of these currently, so about 44 X more MAX at that time, than LTB now).

Sound fair or no?

Thoughts?

Fair price is whatever someone is willing to pay.

Considering this was just launched and was easy to mine just yesterday, theres no way anyone will pay 0.015 per coin. Or well, I wouldnt at least since there's gonna be dumping when it hits an exchange

Ofc, as with everything...it's worth exactly what you can get someone to pay for it. How much did the first MAX miners make dumping thousands at .015-.04? I'm not suggesting that miners here should be making 10 btc a day with moderate gear, like MAX miners were in those first days. THAT was insane...

Yeah I know, made a nice bag of BTC's mining with GPU's.. was fun to watch coins roll to my wallet for a few hours hehe

Lets hope its same with this coin ;)

I mean let's see...MAX had say a million coins (making math easy), selling for .015 (starting). If we scale this one up to those levels then these should start at 0.66 or so, and spike to the 1.76 range...lol

Suddenly 0.015 seems low in comparison.

I have 20 coins to sell PM me offers

WTS 83 LTB @ .01btc ea

You should make this a pump target in the future  :D

100 bars for sale for 1.5 Btc.

just spoke to the admin of mintpal. He added litebar to the list of votings.

https://www.mintpal.com/voting

vote now to get it on the exchange :) Would be interesting to see what value it actually holds.

3.8 bar for sale at 0.01 each

I have almost 3MH and the normal price at 24h mining I can get 0.03BTC/day.

I can mine now @ this diff about 8coins / 1MH so 24 coin / 24 hours

0,03 / 24 = 0,00125 BTC / 1 coin - this is normal in comparison with other coins....



when we reach halvings it will be presenting like this:

24*60% = 14,4

24-14,4 = 9,6 coins a day

to obtain the same level of earnings like befor....
0,03 / 9,6 = 0,003125 BTC / 1 coin


Depends how much HashNet power will be in next days too .....



These are the lowest prices which can somebody coul sell, lowering price would be not very inteligent.....

 

0.03 btc per day with 3 mh? don't think so :o Must like around double i think :o

This ofc is based on just "mine and dump" prices, based on what could be made mining another coin for comparison.

Personally with a coin that is this rare, I'm more inclined to look at coinmarketcap, and find coins with similar "total supply" and base prices on what they are going for. Because that is a more telling factor in my mind. Every coin that is even close to this ones "total coins in existence" is selling for better than 0.01.  There is no reason this one should not be in the same ballpark. I'm not selling for under that, I'd rather hold them and maybe loose if it goes south between now and then.

Edit: One other thing...Currently we are in the middle of an Alt-apocalypse, and all the prices I am comparing it to are in the toilet like everything else. They should be, and have been (normally) higher than current prices.

I`m holding, curious the price it can arrive.... hmmmm :)

WTS 75 LB P.M me offers.

Oh and no to 0.00000002 per LB

If u r comparing to other coins, look at etoken, universal name, total supply 800,000 , price at the moment 0.0003 to 0.0004

    246,414 ETOK is the current etoken available, (vs. ~27,000 LB)which is what I was using. Current total, rather than total coins when all mined. However you're right the final total will play a part in it no doubt.

I see we're no closer to having a clue what LTB are worth LOL. No surprise for such a new coin. Has anyone made any successful trades yet?

I have done 3, got scammed 1 time lol  :D

I thinking what we can mine it at is fair for the moment. 0.002 currently

For sale:

161 Litebars.

http://s15.postimg.org/5a4m12xrv/Untitled.jpg

Price per bar:

0.014 BTC.

Pm.

Your odds are better then mine. I often start to wonder if anyone is honest anymore ;)

I have been mining the coin for 4 days and am hoping it goes somewhere. I'll just mine and sit

If I had done that with all the alt coins I mined this past year (FTC, RED, ADT, etc), I could have made roughly 37 BTC when they all peaked.  I sold as I went instead because I felt like I had to be making a profit...It is not a bad idea to sit on coins at all!

That gives me a little hope.  I don't even have 1 btc.  Got on kdc, karma, mint, this, coinye, bacon, dgb... Many others.  Still waiting to be able to make one whole btc lol
It only takes one to get big ...I'm hopping

I have 250 for sale....I mined these while going solo so I am willing to part for .0125 BTC each

Private Message to buy

200 for 0.011 BTC EA

ESCROW ONLY OR YOU SEND FIRST

I am done with thief's on this board :)

P.M Me

24.94xxxxLTB FOR SALE ill consider offers by pm above 0.008each

escrow or you send first

litebar will be up on cryptorush soon!

buy LTB  3 ltb for 0.01 btc   :)