Litecoins appear to be useless except for their value in bitcoins.  The amount they can be cashed out for is tied to their value in bitcoins (bots on btc-e and wherever else do a really good job at this)...  though it's beyond me who would actually place 'buy' orders for litecoins, let alone all the other crap that is listed on places like vircurex.

I never would have gotten into bitcoins if I hadn't been able to participate in the mining process when I first heard about them (march 11 or so?).  I suspect I'll gradually lose interest, maybe checking in once a month or something half a year from now.

I'm not a hobbyist (or ignorant), so I'm not going to waste my money on ASICs that won't turn a profit...

i think the 52% increase in difficulty per month is closer to the target vs that 60% number someone else had

but, this is assuming you actually get it in january 2014 (not very likely).  it's also assuming static price for bitcoins (could happen).

i go with coherent logix!

what kind of discount are they offering?

like the guy up above said, it's a sound method of staying afloat when otherwise you'd go bankrupt

well, we all know it won't stay constant

it's going to go up another 20-30% here in a week or less

plus you're not including any costs incurred to run the things (or equipment failure), and if it's something you're doing for profit rather than a "hobby", the value you place on your time

i have not seen an ASIC w/ a price that is worth buying or even taking a risk on (ala avalon 1 and avalon 2) in a long time

At least unlike the bitcoin split, the cut-off LTC nodes should solve a few blocks (right now it's at one every 12hrs).  Given the 40% orphan/DOA rate, I've been considering reverting to a lower version and maybe even start my stuff back up to mine litecoins

it's bizarre to me how many people use 'p2pool.org' given its always horrible efficiency ratings,  i guess it's just the address

ppl will pay too much for them

you'd be better off buying GPUs in the auction section then selling them on ebay

UIGEA ftw

money being held hostage at neteller for months back in 2007.

pokerstars instantly becoming 2x harder to do the 8 table grind      and losing the easiest site, Partypoker =/

i gave up after the 2011 incident

probably easier just to run memtest86

OK, so you consider a store charging 6x value for items not a scam?   Taking advantage of naive people that might not realize the worth of what they have?


noun
1.
a confidence game or other fraudulent scheme, especially for making a quick profit; swindle.

You can't expect everyone to do their due diligence, that's why we still get emails from Nigerian princes

p2pool.org was on the wrong chain for several weeks, but it's been v13 for at least the last 10 days

1ghash averages a share every 24hrs or so at current hash rate

and don't use p2pool.org,

go to http://p2pool-nodes.info/ or http://p2pool.hostv.pl/     and find something better

Yeah, the 0% return for 1/2 a decade isn't very hot?

i sold my 5830s and 5870s a month or two ago, when they were still going for $100 and $150.  kept the 7xxx, just turned them off this morning.  i actually would have done it last difficulty increase but i'm lazy... turning them off means i should sell them, and when i'm too lazy to sell them, i feel bad.  so the other option is to dismantle them and put them in the storage shed, which requires manual labor, which makes me sad

oh well.  i was able to sell all my 5870s as part of a lot on ebay, you could try something like that

for myself personally, i guess i might leave the bitcoind daemon running and maybe p2pool..??  not sure.  don't have much interest in bitcoins anymore since i'm no longer generating profit from them.  i'll keep the bitcoins i have in my wallet(s), then maybe in a year or two or three, i'll check the price... and they'll probably be worthless, but they may be worth a lot... right?

(ed: err, I'll probably stay somewhat informed, watching ASIC prices.  if it ever becomes profitable to purchase some, then i'll start mining again.  right now they're throwing money into the wind)

55?  no way, this huge quantity of ASIC stuff that ppl are paying way too much for, keeps selling out.  why would hash rate drop?

what are they going to do with it except mine bitcoins?

yeah, i wouldnt expect it to go to 75million, but it'll probably be 65m

absolute value, yeah.  percentage, no.  

it capped on block 68544,  went from 45 to 181

The price on the amazon link you provided would be $1060 for four of those brand new

Eh, isn't 2000khash on litecoin a whole $150-$200/mo?

log:2013-08-13 08:54:28.443218  Shares: 1 (0 orphan, 0 dead) Stale rate: ~0.0% (0-80%) Efficiency: ~119.2% (24-120%) Current payout: 0.0156 BTC
log:2013-08-13 08:54:43.445825  Shares: 2 (0 orphan, 1 dead) Stale rate: ~50.0% (9-91%) Efficiency: ~59.6% (11-108%) Current payout: 0.0156 BTC
log:2013-08-13 08:56:13.468986  Shares: 2 (0 orphan, 1 dead) Stale rate: ~50.0% (9-91%) Efficiency: ~59.6% (11-108%) Current payout: 0.0156 BTC
log:2013-08-13 08:56:28.472261  Shares: 2 (0 orphan, 2 dead) Stale rate: ~100.0% (34-100%) Efficiency: ~0.0% (0-78%) Current payout: 0.0156 BTC

......

I'm curious as to how something like that happens?  Essentially some share from 2 minutes earlier was moved from OK to DOA?  It initially reported it as DOA, too.  (i'll refrain from posting more, the log is at www.nogleg.com/log)

Also, is there some setting I have messed up where it doesn't work properly with ASICs, or?  (re 3 out of 4 DOA)

(ed: I guess from looking at the graph it could have just been bad luck, looks like about 13% DOA)

oh, I'm also testing something at nogleg.net:9332 that may be faster (the blocksize is just at 1000 temporarily)

hell no

if i was mining BTC, I wouldn't buy anything.  if you insist on buying something though, you should buy 7790's or 7950's.  there have been 7950's for under $200 in the last 2 weeks or so.  i'm thinking they're a better buy than the 7790's now.

why?  because the USB crap will lose its value fast, and it's good for nothing but bitcoin mining.  while your video cards will basically mine two things (jack and shit), at least you can resell them for a good percentage of their original purchase price