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16561  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: July 03, 2012, 08:19:26 AM
Thanks.  All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s.  And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month.  Not worth it!

But thanks for the response.  Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.
Still not worth it.  If I was going to pay $9/month in electricity to mine $2.44 worth of LTC, then I just lost $6.56 for no good reason.  Instead, it would be much smarter to put that $9 into the coins themselves.  Then, at the end of the month, I have $9 worth of LTC, instead of $2.44 worth of LTC.

Mining at a loss makes no sense.  Buy instead of mine at that point.

Yes you have the right idea. Some mine for the novelty of mining despite the loss.

Early bitcoin miners mined at a loss too. It was for the novelty and look at them now with their stashes of BTC  Grin
16562  Bitcoin / Meetups / Re: Look at a pirate, eye to eye if you dare. on: July 03, 2012, 03:33:20 AM
P.S. Private security will be present so no fishy business. Tongue
Bringing your dog Parrot? Grin

Pirates have Parrots NOT dogs lol
16563  Alternate cryptocurrencies / Altcoin Discussion / Re: WTS MSI HD Radeon 6990 for LTC on: July 03, 2012, 02:15:25 AM
25000 LTC

Nice =)
16564  Alternate cryptocurrencies / Altcoin Discussion / Re: WTS MSI HD Radeon 6990 for LTC on: July 03, 2012, 01:32:26 AM
Interested... just don't have 7500 LTC.

We'll see where this goes in a week... Plan on moving some 5830 miners over from BTC to LTC mining.

Serious bid?
16565  Alternate cryptocurrencies / Altcoin Discussion / Re: [altcoin] Decrits Proposal on: July 03, 2012, 01:07:10 AM

+1 sounds very similar. Perhaps you could just join the dev team there.
16566  Alternate cryptocurrencies / Altcoin Discussion / Re: WTS - 1 Troy Ounce 2010 Silver Eagle 999 for LTC on: July 03, 2012, 01:06:15 AM

1 Oz silver is worth 27.4750 USD at current market rates.
That's 4.114 BTC.
That's 2463 LTC at the currently overinflated LTC price.


That's slv price. Go look up silver eagle prices

You are right that they cost more, but not much more:
http://www.straightsilver.com/store/ - 32.34 USD
4.843 BTC
2899.86 LTC

If you are including delivery within the US in that price it's not far off.

Keep in mind that when those offers we're made the price of LTC was about 0.0012btc. Price has moved a bit since. FYI
My bid stands regardless because I dont back out of deals without good reason.
Ive always wanted a cascascius coin too  Wink


Sounds good mate. Still waiting on other bidders, if any.
16567  Economy / Goods / WTS MSI HD Radeon 6990 for LTC on: July 03, 2012, 12:49:57 AM
Original Thread: https://bitcointalk.org/index.php?topic=91263.msg1004691#msg1004691

Conditions:

1. Shipping cost will be dependent upon if you live in or outside of the US. Please bid with shipping costs included in your offers. I am located in the US FYI.

2. 1 week auction

3. Bidding in 500 LTC increments

4. Willing to use reputable escrow for exchange.

5. Starting Bid will be 7,500 LTC

Notes I bought this in May of 2011 and ran it for about 5 months with breaks in between. Has run stable the entire time. No over clocks and fans were run at 100%.

16568  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund) on: July 03, 2012, 12:48:03 AM
Which pool carried out that attack?
See this post and related thread. It's a contentious issue so rather than concentrating on the who, concentrate on the fact that it happened. Any large pool or miner can do it, so any new merge-mineable coin would need to be able to handle it.

We may as well merge-mine beer coins so at least people can get drunk if they lose all their money  Grin
16569  Alternate cryptocurrencies / Altcoin Discussion / [[25K LTC for 6990]] WTS MSI HD Radeon 6990 for LTC [CLOSED] on: July 03, 2012, 12:41:26 AM
Smoothie's epic sale of a 6990 for 25,000 LTC

Original Thread: https://bitcointalk.org/index.php?topic=91263.msg1004691#msg1004691

Conditions:

1. Shipping cost will be dependent upon if you live in or outside of the US. Please bid with shipping costs included in your offers. I am located in the US FYI.

2. 1 week auction

3. Bidding in 500 LTC increments

4. Willing to use reputable escrow for exchange.

5. Starting Bid will be 7,500 LTC

Notes I bought this in May of 2011 and ran it for about 5 months with breaks in between. Has run stable the entire time. No over clocks and fans were run at 100%.

16570  Alternate cryptocurrencies / Altcoin Discussion / Re: Pirate Pass Through LTC on: July 02, 2012, 11:04:57 PM
Interest rate will probably be 4.5% a week. The risk is if pirate defaults, you will lose your bitcoins. Of course there's also risk of me running away with your coins. But I hope people trust me enough not to do that.

Why wouldn't someone just invest in a PPT that pays >6.5%/week, then turn the BTC dividends into LTC?

What might be useful is if you accepted deposits in LTC.

And paid out in LTC as well...

I would love to accept deposit in LTC. Problem with that is if LTC appreciates in value with respect to BTC, and then if you wanted to withdraw in LTC, I would have to take a loss to buyback those LTC.

I guess that's the risk you take making a service like this. That's how the game is played. You will need to give your users options like this otherwise it only benefits you.
16571  Alternate cryptocurrencies / Altcoin Discussion / Re: Pirate Pass Through LTC on: July 02, 2012, 10:45:50 PM
Interest rate will probably be 4.5% a week. The risk is if pirate defaults, you will lose your bitcoins. Of course there's also risk of me running away with your coins. But I hope people trust me enough not to do that.

Why wouldn't someone just invest in a PPT that pays >6.5%/week, then turn the BTC dividends into LTC?

What might be useful is if you accepted deposits in LTC.

And paid out in LTC as well...
16572  Alternate cryptocurrencies / Altcoin Discussion / Re: Pirate Pass Through LTC on: July 02, 2012, 10:38:17 PM
Coblee are you paying 4.5% in litecoins?
16573  Alternate cryptocurrencies / Altcoin Discussion / Re: Pirate Pass Through LTC on: July 02, 2012, 10:34:06 PM
I'm thinking of starting a pirate pass through program where you would deposit bitcoins with me. I will then deposit those bitcoins into pirateat40's BTCST program. And every week, I will pay interest in LTC. I think this is a good way for someone to accumulate litecoins and it will help increase Litecoin prices.

Interest rate will probably be 4.5% a week. The risk is if pirate defaults, you will lose your bitcoins. Of course there's also risk of me running away with your coins. But I hope people trust me enough not to do that.

Any interest?

What are the chances of losing my coins?

800k %

If you have nothing to say, why post crap?

chill bro...laugh =) Grin Grin
16574  Alternate cryptocurrencies / Altcoin Discussion / Re: Pirate Pass Through LTC on: July 02, 2012, 09:18:21 PM
I'm thinking of starting a pirate pass through program where you would deposit bitcoins with me. I will then deposit those bitcoins into pirateat40's BTCST program. And every week, I will pay interest in LTC. I think this is a good way for someone to accumulate litecoins and it will help increase Litecoin prices.

Interest rate will probably be 4.5% a week. The risk is if pirate defaults, you will lose your bitcoins. Of course there's also risk of me running away with your coins. But I hope people trust me enough not to do that.

Any interest?

What are the chances of losing my coins?

800k %
16575  Alternate cryptocurrencies / Altcoin Discussion / Re: Would FPGAs work for mining Litecoin? on: July 02, 2012, 08:02:03 PM
It's already been discussed here https://bitcointalk.org/index.php?topic=88094.20

Thanks
16576  Alternate cryptocurrencies / Altcoin Discussion / Would FPGAs work for mining Litecoin? on: July 02, 2012, 05:55:23 PM
Question: Would FPGAs work for mining Litecoin?

Next Question: Would FPGAs work well for mining Litecoin?

statement: I'm going to read up more on Scrypt and FPGAs and see if it is viable or just a pipe dream.

Any intelligent comments (people who know what they are talking about) are welcome to comment below.

Thanks! Grin Cheesy Wink
16577  Alternate cryptocurrencies / Altcoin Discussion / Re: Get Ready for "MicroCash" : The most advanced Crypto-based Currency yet! on: July 02, 2012, 04:53:44 PM
This thread still exists?

Unfortunately yes. Sad the mods haven't looked at this thread as garbage and removed it tro
 This subforum.
16578  Alternate cryptocurrencies / Altcoin Discussion / Re: What would you like to buy with your LTC? on: July 02, 2012, 06:46:09 AM
Can we buy Bitcoins?

Yup that's probably the first thing you could do with it. Exchange exists already
16579  Alternate cryptocurrencies / Altcoin Discussion / Re: Get Ready for "MicroCash" : The most advanced Crypto-based Currency yet! on: July 02, 2012, 01:02:05 AM
Well, excuse me for not being from the USA but I had no idea what the "short bus" thing is for.

You are not a retard because you did not know what 'short bus' meant, you are a retard because you were unable to figure it out despite having access to resources that would tell you in seconds.



+1  Grin Cheesy Cheesy Cheesy Cheesy
16580  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin - feature request on: July 01, 2012, 11:58:05 PM
OK so will there ever be a new version of Litecoin wallet and daemon? The current versions are like half a year old...

You could do a git pull request and make the updates needed.

Just saying...  Grin
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