|
Title: Litecoin Drops In Mining Profitability Post by: Tittiez on August 03, 2012, 07:41:55 PM BTC: 450MH/s = 0.222BTC/day
LTC: .45MH/s = 43.391LTC/day = ~0.220BTC/day at last price Speculators what are you thinking? The price will continue to drop? It will shoot up and you will make a lot? Just curious is all. Title: Re: Litecoin Drops In Mining Profitability Post by: SAC on August 03, 2012, 07:56:12 PM BTC: 450MH/s = 0.222BTC/day LTC: .45MH/s = 43.391LTC/day = ~0.220BTC/day at last price Speculators what are you thinking? The price will continue to drop? It will shoot up and you will make a lot? Just curious is all. It is even less than that the best I can get out of most of my machines is ~90% in Kh/s as compared to what it will do in Mh's mining BTC. Then you leave out the 5-15% I have measured for extra power used by mining LTC depending on the cards in the machine. In short most of the claims as to profitability are over estimated caused in part by the bad math so common around here.. Title: Re: Litecoin Drops In Mining Profitability Post by: ElectricMucus on August 03, 2012, 07:58:50 PM It's everytime that BTC ramps up people wanna hop on selling their LTC for BTC. That brings in the panic sellers and down we go.
Just wait till BTC stabilizes and LTC will go back up. You can say that Litecoin prices are inversely proportional to Bitcoin volatility. Title: Re: Litecoin Drops In Mining Profitability Post by: bitcool on August 03, 2012, 10:26:48 PM It's everytime that BTC ramps up people wanna hop on selling their LTC for BTC. That brings in the panic sellers and down we go. +1. Many LTC hoarders are cashing out via BTC. Just wait till BTC stabilizes and LTC will go back up. You can say that Litecoin prices are inversely proportional to Bitcoin volatility. Title: Re: Litecoin Drops In Mining Profitability Post by: bitcool on August 04, 2012, 05:11:32 AM There are 800~900K constantly on the sell side @ btc-e, about 10% of total coins mined.
Title: Re: Litecoin Drops In Mining Profitability Post by: Bigpiggy01 on August 04, 2012, 06:27:07 AM It's everytime that BTC ramps up people wanna hop on selling their LTC for BTC. That brings in the panic sellers and down we go. Just wait till BTC stabilizes and LTC will go back up. You can say that Litecoin prices are inversely proportional to Bitcoin volatility. Damn I never thought I'd find myself saying this but I agree ;D Title: Re: Litecoin Drops In Mining Profitability Post by: burnside on August 04, 2012, 07:38:56 AM Enjoy the cheap LTC while it lasts.
Title: Re: Litecoin Drops In Mining Profitability Post by: str4wm4n on August 04, 2012, 08:20:40 AM Enjoy the cheap LTC while it lasts. Title: Re: Litecoin Drops In Mining Profitability Post by: VelvetLeaf on August 04, 2012, 08:36:12 AM Enjoy the cheap LTC while it lasts. +1 well said burnside |