For anyone that's not smoking crack
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
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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
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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
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Anyway I'm back off to work to earn an honest living
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. I'd still like to be involved by buying a few.
