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Yeah, VTC is the one and only coin I am mining for months. Stupid to mine Scrypt and X11 on GPU. X13 will be also FPGA coin soon. No alternatives.

Yeah, VTC is the one and only coin I am mining for months. Stupid to mine Scrypt and X11 on GPU. X13 will be also FPGA coin soon. No alternatives.

Vertcoin is scrypt-n.

Scrypt-N is cool, there is no ASICs for this algo.

You didnt read the top post completely.

I'm not sure FLower tech asics are legit...

First look at the basis of this prediction. It's basically 'History repeats itself'.

How many sha256 coins are there in the top 20 altcoins? 3. How many SHA256 coin launches per week? Hardly any.

Difference between sha256 and scrypt -- SHA256 has an ASIC, Scrypt does not.

It's obvious -- 99.99% miners have a GPU (even the one's with an ASIC). People resist buying ASIC cause ASIC is expensive and otherwise good-for-nothing.

As of scrypt-n, I speculated in April (https://bitcointalk.org/index.php?topic=260031.msg6062840#msg6062840) that such (https://www.flowertechnology.com/product-category/miners/) a product will be easy to make.

Then I repeat what I said before (another thread) --

Quark, Primecoin, Protshares, Darkcoin and other alt-algo coin's prices will surge after Scrypt ASIC is out.

There will be a considerable pump in sha256 based cryptos cause they're in the same league now.

In a matter of 6 months to 1 year, almost all scrypt coins will be wiped from the top market cap. Litecoin will persist but will be replaced and ranked lower, half of it's purpose being lost compared to BTC.

In the mean time, Litecoin's price has been falling (http://www.coinwarz.com/exchange-charts/litecoin-exchange-rate-chart) slowly (more dangerous than a crash), and more so -- the volume appears to be also falling which's a dangerous sign in my experience.

Now don't ask me why hasn't BTC lost value after ASIC. It's a dumb FAQ question kids ask.

For those of you who already have bought a scrypt ASIC, ensure to sell it before (http://bitcoin.stackexchange.com/questions/14188/what-do-i-do-with-all-my-old-block-erupters) it looses all value (http://www.reddit.com/r/BitcoinMining/comments/1lcdpf/what_to_do_with_old_bitcoin_miners/).

Nice to meet you Nostradamus  ;D

It's real simple : just mine BlackCoin at BlackCoin MultiPool (http://blackcoinpool.com/dashboard). It doesn't care what the latest algo is and will always be available to GPU miners as BCP will always have a GPU friendly algo coin. ;)

Quark? Quark is nothing. Quark can not be compared with Vertcoin. No strong community and is already mostly mining . I sold  over 600000 Quark. Vertcoin is the ASIC resistant and will be ASIC resistant. Vertcoin team will do everything any necessary changes algorithm to be resistant ASIC (if need be).

Oh poor OP with literally no idea how crypto economy works.
But i have to admit that it was amusing to read.
Quote my words for future. Litecoin will hit 50 $ within a year or in worst case 2 years.

Er.. you don't mine blackcoin. Nor do you strength the blackcoin network by doing so.

As for scrypt-n - sure there will be ASICs. But as its a trivial change to the code to make them redundant, I'm pretty sure Vertcoin is where I will be staying for a long time.

i think you are over-reacting. there is more scrypt coins than sha, and they are still coming since scrypt-asics aint in power enough already.
i have like 15 GPUs and i have scrypt ascis and i love both types of coins.

OP's post makes no sense.
BTC has had ASICS for a while and it is at $650
LTC now has ASICS and it will rise to $65, much harder to mine
a LTC now than a year ago!

Now don't ask me why hasn't BTC lost value after ASIC. It's a dumb FAQ question kids ask.

Oh poor you with literally no idea how crypto economy works.
But i have to admit that it was amusing to read.
Quote my words for future. Litecoin will hit 0.1 $ within a year or in worst case 2 years.

Quoting for future.

Quark? Quark is nothing. Quark can not be compared with Vertcoin. No strong community and is already mostly mining . I sold  over 600000 Quark. Vertcoin is the ASIC resistant and will be ASIC resistant. Vertcoin team will do everything any necessary changes algorithm to be resistant ASIC (if need be).

So OP may I ask what coin algo are you holding or mining?

Done, let's see what happens.

fpga for x13 maybe be possible already but i doubt?

also asic for scrypt-n is another fake one, with no proof

anyway there are still other algo like hefty1/nist/jha ecc...

Well, actually not $0.1, but it'll drop by 50% at least.

Scrypt-n is nothing different from Scrypt, so their claims are realistic.

So you "slightly" miscalculated before? About by a 5000% ? Allright then. Pro predictions.

BTC and LTC have gone and are heading further into mainstream where average joes are completely indifferent to mining. LTC is now pretty much tied to BTC, maybe in short pumps other coins get close but none will unseat this pair longterm.

Add to that most the whales are mainly in BTC/LTC where nothing outside this pair comes on their radar, rest are for the crypto sheep and pump n dump scamers.

Yeah, that's a serious argument, but in my personal opinion, the whales are only tied to Bitcoin, and Litecoin is seen as an 'alt'.

See, when one searches and takes interest in Litecoin, they also see other alts. There's no reason why they should not. Soon they discover the flee market and the infinite profit they can make through it. Some invest some don't.

I think you're also ignoring the utility that has been developed around LTC though. Speculators will be drawn to the quick money that alts attempt to "promise" (i.e. scams).

Some crypto-currencies are taking the steps to shed the speculative label and developing the needed infrastructure to be considered transactable just like BTC. [Of course though, let's be honest, even BTC is still considered as a speculative tool by the mainstream and frankly a lot of holders of BTC.] Sure they could still be "scams," but frankly the amount of effort for possible payoff tends to scale towards not being worth it.

Oh poor OP with literally no idea how crypto economy works.
But i have to admit that it was amusing to read.
Quote my words for future. Litecoin will hit 50 $ within a year or in worst case 2 years.

I agree, the days of the Scrypt crapcoins are coming to an end. Only a complete fool would be investing in mining equipment of any kind at this point.

Even Litecoin isn't going anywhere, which is not surprising as it offers absolutely nothing over Bitcoin!

This.

Litecoin is being secured by its own ASIC hardware.

It will be the 2nd most secure coin on the planet.

Limit this mostly to CPU, so only full blown computers can compute it, and one doesn't have to buy special purpose hardware. The hardware will be useless otherwise and after all coins have been mined (unless the incentive to mine is still up and maintained in some way like unlimited coins or high transaction fee), the miner will actually throw it away or sell it to someone else (who may be a cracker who's accumulating firepower for bad mining). This is partially true for GPU hardware, but they have a gaming purpose apart from computational purpose, and probably the miners will themselves use it in gaming. So all in all, prefer 1) CPU only, 2) CPU & GPU, 3) Special purpose hardware.
      
      With new hardware, mining efficiency will increase; the new miners of the new hardware will start accepting transactions of lower transaction fees making the old hardware redundant cause they take more electricity. They will be sold cheap cause of this reason (lower profit margins or even losses).

      For an attacker, electricity cost is not of a concern, cause the attack time will be limited; he's going to earn money by making false transactions in blocks he mined.
      
      Yes -- the old hardware is old generation, but that doesn't mean it'll be slower.
      
      New hardware will not focus on higher hash rate, but power consumed per hash rate, thus, hash rate of new hardware may not increase exponentially making the network more vulnerable to attacks with older hardware.
      
      I'm not sure about the architecture of ASIC miners to comment on that. It's not an ARM processor which can be made faster by simply by increasing the clock speed. Modern AMD and Intel processors are not 4xPentium/athlon 64 @6GHZ. So an improvement in architecture does not necessarily mean faster speeds, it may have been done to reduce electricity consumption by half. Look at mobile processors for instance; they are more efficient than their Desktop (per Whetstone and dhrystone score) counterpart but slower.

      We just may have a similar trend for ASIC miners. Same consumption in electricity@little less hashing power.
      
      This's still worst for small alternative cryptocurrency using the same hashing algorithm. They're easy to exploit cause of low difficulty.

This.

Litecoin is being secured by its own ASIC hardware.

It will be the 2nd most secure coin on the planet.

All the coins are under threat, even bitcoin.

Scrypt coins are numerous, and most will die.

As far as litecoin goes, it is entrenched as the second coin. I don't see why it won't just do as bitcoin has done after Asics, and get absurdly high difficulty levels.

There are too many interests in it for it to just whither away.

The question is what coin will arrive to knock bitcoin (and litecoin) from their perches?

Clue: Whatever it is, it has not happened yet.

why do u people even discuss Litecoin?

such utterly useless coin without any feature whatsoever that has constantly dropped in value... ouch...

why do u people even discuss Litecoin?

such utterly useless coin without any feature whatsoever that has constantly dropped in value... ouch...

You will be surprise if it jumped 2-3x.

LOL yes 2-3x lower again as in previous months? Haha good one:D

Price drop that too at such a high difficulty. I think its due asic manufacturers mining and dumping the coins who don't even care about LTC , and why will they when they already have stacked large amount of money in pre-orders while they are mining the shit out of miners.

The choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners. Mining litecoin with a CPU or video card is approximately 1000 times slower than mining bitcoin with the same CPU or video card.

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.

litecoin is a sleeping volcano

I've no idea of the economy... oh my...

http://i62.tinypic.com/2j4a3jb.jpg

And SUDDENLY litecoin reaches $50.... wow an economist predicting the prices to reach off charts in 12 months.

What I just totally do not understand: why are the dogecoin devs not doing anything with new features in dogecoin. Like making it a POS coin or whatever? I see other coins moving from POW to POS or creating some functionallity that atracts people to the coin.

That was sarcasm, but looking at these --

http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-usd&market=bitfinex
http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-btc&market=btc-e
https://www.cryptocoincharts.info/v2/pair/ltc/usd/crypto-trade/ytd

One may like to bet on 0.1

Butthurt much? Poor thing. How much did you lose?
Or just have nothing better to do?
Quote again in a year or two. Like i said. 50$ in a 1-2 years.

Now I get why sone exchanges are interested in  developing coins like iXcoin.
iXcoin IXC : a 3 years time tested coin, like Bitcoin, ending mining on Oct 2014: it will be interesting to see what happens

LTC and BTC both looking really bad right now.  BTC has to be a bit more concerning, as there was no real 'significant' news unlike the last dip after the Gox scandal.  Could alts in general be doomed for a short/long term collapse?  Very possible.

LTC and BTC both looking really bad right now.  BTC has to be a bit more concerning, as there was no real 'significant' news unlike the last dip after the Gox scandal.  Could alts in general be doomed for a short/long term collapse?  Very possible.

Oh poor OP with literally no idea how crypto economy works.
But i have to admit that it was amusing to read.
Quote my words for future. Litecoin will hit 50 $ within a year or in worst case 2 years.

I'll take BTC over any Scrypt coin any day of the week!

Scrypt coins are just a cheap imitation of Bitcoin and don't bring anything new to cryptos besides silly gimmicks or memes.

The future is clearly Bitcoin plus a number of groundbreaking next gen cryptos (Etherium, Stellar, NXT for example).

Basically, if the coin is running a QT wallet that looks just like Bitcoin except the dev changed some images and text strings, it is going to die, period.

This.

We are talking about money = storage of wealth (not currency).

All that matters is SECURITY and LIQUIDITY to someone with real money.

The scrypt ASICs will just keep rolling off the assembly lines in China by the 1000s...
And a HUGE sub-niche of secure, merge mined scrypt coins will emerge.

90% of the 2014 alts will disappear (especially anon), just like the 2013 crop.

LTC close to $3 range.

A nut is STILL saying LTC will succeed. Why don't you prove your balance?

LTC at $3 range. If it bounces back, how much will it be?

Butthurt much? Poor thing. How much did you lose?
Or just have nothing better to do?
Quote again in a year or two. Like i said. 50$ in a 1-2 years.