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61  Alternate cryptocurrencies / Mining (Altcoins) / Consolidated Litecoin Mining Guide for 5xxx, 6xxx, and 7xxx GPUs on: October 08, 2012, 04:05:54 PM
I'll try to make it easy, as there's been a million people asking lately how to mine LTC.

DONATE (LTC): LiK1rotC2tNYNRbRfW2xsKLYJvKhQ3PwTN
DONATE (BTC): 17bmYcP6Vio6c1gnyPsaDSv4B11SLe81Ab

What is Litecoin?
Litecoin is a cryptocurrency that uses an alternative, memory hard hashing algorithm called scrypt that was devised by mathematics' prodigy Colin Percival. The algorithm utilizes SHA256 and a stream function called salsa20 to force devices that mine it to either use a lot of memory or use dramatically more ALU cycles to perform a hash.  With the parameters used in Litecoin's implementation of scrypt (N = 1024; p = 1; r = 1), each thread uses approximately 64-128 KB depending on the settings for lookup_gap and thread_concurrency in the mining program when mining with a GPU.  Because GPUs have such fast memory (bandwidth in the hundreds of GB/s) and roughly 128-512 KB of RAM per stream processor, they are ideal for mining Litecoin.  This requirement for fast memory in order to mine quickly results in Litecoin being FPGA and ASIC resistant; although ASICs may one day come out for Litecoin, they are not expected to garner the same performance increases as for Bitcoin (two orders of magnitude more efficient).

Mining Litecoin

The major factor which impacts hash rate/hardware errors is the thread_concurrency.  The second most important factor for some cards is the ratio of core speed to memory speed.  Typically optimum values of thread_concurrency are a multiple of 64 and vary per card and per card family (see below).  The (core speed/memory speed) quotient should be 0.8 or less for 5xxx/6xxx cards and 0.7 or less for most 7xxx cards.  Some evidence suggests that different 7xxx cards may have different ideal core:memory clock ratios, too.

GUIMiner-scrypt is out!  Comes with all settings in this thread and all miners.  No more command line interfaces!  Try it here.

For all series cards,
Install AMD APP SDK: http://developer.amd.com/tools/hc/AMDAPPSDK/downloads/Pages/default.aspx
Install latest AMD drivers: http://support.amd.com/us/gpudownload/Pages/index.aspx
or
Use current recommend AMD driver (12.8):
13.1 32-bit
13.1 64-bit
AVOID 12.10 DRIVERS, THEY SEEM TO BREAK LITECOIN PERFORMANCE. 13.X SEEM TO BE OKAY.

5xxx series cards
Use cgminer.
Command line to run:
Code:
cgminer --scrypt -o http://yourpool.com:port -u username -p password --thread-concurrency ???? -I 18 -g 1 -w 256
You can use pretty much any thread_concurrency between 1536 and 8192 that is a multiple of 64. Some people recommend using 4 or 5 * the number of SPs.  You can find those in the table here: http://en.wikipedia.org/wiki/Evergreen_(GPU_family) (1st number in core config)

Recommended thread concurrencies for
57xx cards: 2368-4096 (3200 is common)
58xx cards: 4096-8192 (5600, 7168, and 8000 are common)
5970 card: 4096-8192 (5632 or 8000 are common)

Typical 5xxx series performance: 0.255 kh/s/shader

6xxx series cards
Use cgminer.
Command line to run:
Code:
cgminer --scrypt -o http://yourpool.com:port -u username -p password --thread-concurrency ???? -I 18 -g 1 -w 256
You can use pretty much any thread_concurrency between 1536 and 8192 that is a multiple of 64.  Some people recommend using 4 or 5 * the number of SPs.  You can find those in the table here: http://en.wikipedia.org/wiki/Northern_Islands_(GPU_family) (1st number in core config)

Recommended thread concurrencies for
67xx cards: 2368-4096 (3200 is common)
68xx cards: 3008-6144 (4800 is common)
69xx cards: 4096-8192 (5600, 7168, and 8000 are common)
6990 card: 4096-8192 (5632 or 8000 are common)

Typical 6xxx series performance: 0.313 kh/s/shader

7xxx series cards
Use reaper or cgminer versions 2.11.3 and up (see update below).  Set thread_concurrency to somewhere slightly below 64 * bus_width_of_card_in_bits.  So, for a 7950, that would be 64 * 384 = 24576; ideal values are 21712 or 24000.  Find your bus width here: http://en.wikipedia.org/wiki/Southern_Islands_(GPU_family)

To find the optimum thread_concurrency for your card, you will need to search above and below this estimate ideal value and see what is fastest.

If you'd like to use reaper, follow the steps below.

Make reaper.conf the following:
Code:
kernel reaper.cl
save_binaries yes
enable_graceful_shutdown no
long_polling yes
platform 0
device 0
# device 1
# device 2
# device 3

mine litecoin
device ? must be added for every card you have to avoid using the CPU as well to mine.  Make sure when reaper starts that it states that the CPU platform is disabled.  CPU mining does not work correctly and may actually slow down GPU mining with reaper.

Example configuration (550kh/s, 7950) of litecoin.conf:
Code:
host yourpool.com ### Do not add http://!!
port 8344
user username
pass password

protocol litecoin

worksize 256
vectors 1
aggression 20
threads_per_gpu 1
sharethreads 32
lookup_gap 2
gpu_thread_concurrency 21712
Save litecoin.conf and run reaper.exe.

The 7xxx series can be tricky, for instance the 7770 seems to have an optimum thread concurrency of 8000 and works fine with cgminer and an intensity of 16 (I get 191kh/s with those settings).  The 79xx cards should be amenable to the configuration above and are the fastest possible cards you can mine with.

Optimal thread concurrencies for 7xxx family:
7770: 8000 (200 kh/s, aggression 19)
7850: ????
7870: 15360 (400 kh/s, aggression 19)
7950: 21712 or 24000 (~575 kh/s)
7970 (cgminer): 22392 (~700 kh/s can be obtained with a core/memory ratio of 0.57)
7970 (reaper): 20992, 21712, or 24000 (~
7750: ????
7770: 8000 (200 kh/s, aggression 19)
7850: ????
7870: 15360 (400 kh/s, aggression 19)
7950: 21712 or 24000 (~575 kh/s)
7970 (cgminer): 22392 (~700 kh/s can be obtained with a core/memory ratio of 0.57) or 8192 (-g 2 -w 256 -I 13)
7970 (reaper): 20992, 21712, or 24000 (~650 kh/s can be obtained with reaper and core/memory ratio of 0.57, e.g. 900 MHz core and 1580 MHz memory.  Over 725 KH/s can be achieved with memory overvolting.)

Typical 7xxx series performance: 0.321 kh/s/shader

If reaper crashes periodically on a single card, use the following python script to keep it alive (starts reaper, runs for two hours, shuts it down, then restarts it):
Code:
import os, subprocess, time

while True:
      print("Starting reaper...")
      p = subprocess.Popen("C:\\Users\\my-pc\\Desktop\\reaper\\reaper.exe")
      time.sleep(7200)
      print("Terminating reaper...")
      p.terminate()
      time.sleep(10)
This seems to fix the problem for my 3x 7950 rig.

Update: 3-20-13
cgminer versions 2.11.3 and up can be used to mine with high thread concurrencies now.  Follow these instructions:
WINDOWS: Open console and type
Code:
setx GPU_MAX_ALLOC_PERCENT 100
Now, close the console (it will not work if you open cgminer in the same window).  Open cgminer using a .bat or a new console, high thread concurrencies will now work.

LINUX: Open terminal and type
Code:
export GPU_MAX_ALLOC_PERCENT=100
Now high thread concurrencies should work in cgminer.

TABLE OF USER REPORTED HASH RATES AND SETTINGS
https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison

CARD MEMORY SPEED SETTINGS
Usually it is most effective to have the memory speed of the card equal to or greater than the core clock speed.  For some cards this is more important than others, but this is generally true.  From experimental data for a 7770, a (core speed)/(memory speed) ratio of 0.7 or less is recommended.

HETEROGENEOUS MIXTURES OF CARDS
CGMINER: Use a comma to separate thread-concurrency values, eg. --thread-concurrency 3200,8000.  Values correspond to the card number in zeroeth order.
REAPER: Run multiple instances of reaper.  To do this, clone the folder and then add "device x" to reaper.conf, where x is the number for the card in zeroeth order.

RAM REQUIREMENTS ON-MOTHERBOARD
The equivalent amount of system RAM as for the sum of all the vRAM used by the GPUs is required when mining with reaper.  For instance, 3x 5970s mining with thread_concurrency values of 8000 each would require 3x 500MB = 1500MB system ram (plus additional RAM for the OS).  The memory requirements for 7xxx cards are also higher because of larger thread_concurrency values, for instance a thread_concurrency of 24000 means 1.5GB system RAM per card is required.

THREADS PER GPU
Some people state that increased hash rates are experienced upon increasing the number of threads per GPU in 5xxx series cards (-g # in cgminer or threads_per_gpu # in reaper).  That has not been my experience with 6xxx or 7xxx cards, but you can try it and see if it helps out your hash rate.

STRATUM LTC MINING
Supported by some pools (ltcmine.ru, notroll.in, coinotron.com) in order to reduce the number of stales.  Typical results moving from JSON getwork to stratum is a reduction in stales from 1.5% to 0.5%.  If you use reaper, you need to use a fork which is available here and a stratum proxy.  Stratum mining works with cgminer for versions 2.10.3 and up using the "-o stratum+tcp://yourpool.com:port" command.

Run proxy program with this command for reaper:
Code:
mining_proxy.exe -pa scrypt --host yourpool.com --port ####
Then run reaper with the following host:
Code:
127.0.0.1:8332
and your normal user/password for the pool.

SOLO MINING
For large hash rates.  Go here: https://bitcointalk.org/index.php?topic=83371.0
The guide works the same for unix as well more or less.

POOL MINING
Go here and pick one: https://github.com/litecoin-project/litecoin/wiki/Comparison-of-mining-pools
62  Alternate cryptocurrencies / Altcoin Discussion / cgminer 2.8.0, litecoin, and the 7xxx series cards on: October 07, 2012, 08:13:04 PM
edit: false alarm, i didn't look at the hw error rate. again, same problem as before, can not use appropriately sized buffers.
63  Alternate cryptocurrencies / Altcoin Discussion / Litecoin Power Consumption/Efficiency on: September 25, 2012, 04:41:25 AM
So, mining BTC at 520 MH/s on a 7950, I use 165 w/hr for every card I have (1.03v / 1 Ghz core / 300 MHz RAM).

Mining LTC at 550 kh/s on the same card, I use 227 w/hr for every card I have (1.03v / 1 Ghz core / 1450 MHz RAM).

So, presently, it's cheaper for me to just mine btc and use that to buy LTC.  LTC also heats my cards by at worst an extra 14C.

Are all the AMD cards like this?  Is the 6xxx series more efficient?
64  Other / CPU/GPU Bitcoin mining hardware / Underclocking Memory Speeds Correctly on 7xxx Series Cards With Afterburner on: September 21, 2012, 04:45:42 PM
12.6+ AMD drivers do not let you change the memory speed of 7xxx (7950, 7970, etc) cards below a certain threshold.  To underclock memory, use Afterburner and a dll file.

1) Install MSI afterburner.
2) Download this dll file and place it in your Afterburner directory.
3) Edit the afterburner config text according to this thread and set unofficial overclocking mode to 2.
4) Run MSI Afterburner.
5) Set the overclocking mode to kernel instead of software in settings.
6) Underclock memory as per usual.

It took me a long time to figure this out from various threads, so hopefully now people will find it easy.  This also allows you to overclock memory above the overdrive maximum.
65  Other / Off-topic / BFL SC Die Guestimation/Speculation on: September 10, 2012, 12:41:43 AM
I'm not an electrical engineer, so probably someone who is will shit all over this.  Anyway.

I think these chips are small and probably on 90-130 nm technology.

SHA256 hashing requires about 13,500 logic gates per circuit or 27,000 transistors.  An AMD K8 130 nm CPU has about 106M transistors in 100mm^2 with a TDP of 60W, so we could fit about 3926 SHA256 hashing circuits on one of these ASIC dies.  These hashing units run at 65 cycles per hash; we would expect from an immature 130 nm process for the ASIC that clock rates of 1 GHz would be achievable.  This would mean 14.5 MH/s per hashing circuit or 56.9 GH/s per 100mm^2 die with a 60W power consumption.

How does that compare to what has been given to us by BFL?  The BFL single, which is assumed to be a single die, is rated at 40GH/s.  With the above ignoring crucial things like transistors for I/O, it does indeed seem possible that the BFL single can provide 40GH/s at 60W on a 130 nm process.
66  Economy / Goods / Steam Games: Sleeping Dogs (1.4 BTC) on: September 06, 2012, 06:51:08 PM
Current inventory:

Sleeping Dogs: 1.4 BTC



These are steam keys for NA
67  Alternate cryptocurrencies / Altcoin Discussion / LIP0001: At blockreward halving scrypt memory parameters will double on: August 31, 2012, 02:11:36 PM
LIP0001 (Litecoin Improvement Protocol): At blockreward halving scrypt memory parameters will double

Quote
Theorem 2. The function SMixr(B, N) can be computed in 4Nr applications of the Salsa20/8 core using 1024Nr + O(r) bits of storage.

Users of scrypt can tune the parameters N, r, and p according to the amount
of memory and computing power available, the latency-bandwidth product of the
memory subsystem, and the amount of parallelism desired; at the current time,
taking r = 8 and p = 1 appears to yield good results, but as memory latency
and CPU parallelism increase it is likely that the optimum values for both r and
p will increase.
Note also that since the computations of SMix are independent, a
large value of p can be used to increase the computational cost of scrypt without
increasing the memory usage; so we can expect scrypt to remain useful even if the
growth rates of CPU power and memory capacity diverge.
http://www.tarsnap.com/scrypt/scrypt.pdf

Short version: scrypt hash memory requirement = O(log2(N) * p * r * 128)

Holding N (=1024) and p (=1) constant,
scrypt hash memory requirement = O(r)

So, if the parameter r doubles, the memory requirement should also double.  Therefore, with LIP0001, at blockreward halving r = 2 * r and the memory requirement is doubled.

The main purpose of using scrypt in litecoin was to prevent initially GPUs from mining the chain and now it is well held to prevent ASICs from mining the chain.  By increasing memory requirements at every blockreward halving it should maintain memory hardness and ASIC resistance.

See also:
https://github.com/litecoin-project/litecoin/wiki/Scrypt-proof-of-work
https://bitcointalk.org/index.php?topic=98535.0
https://bitcointalk.org/index.php?topic=45849.0
https://bitcointalk.org/index.php?topic=64239.0

Edit: N should be the parameter changed, fixed.
Edit 2: No, it looks like r is okay.  I'd like some input from others on this proposition, though.  Bubble boy claims: "log2(N)*p*r*128", so r should be okay.
68  Alternate cryptocurrencies / Altcoin Discussion / BTC-e is hacked? Edit: Get your coins off BTC-e NOW on: July 31, 2012, 12:33:08 AM
Someone just bought all the BTC and LTC available with millions of USD

epic?
69  Alternate cryptocurrencies / Altcoin Discussion / LTC maintains higher profitability than BTC for the 4th week in a row on: July 29, 2012, 08:58:58 PM
At the present price LTC represents an ~50% increase in mining profitability over BTC using AMD cards.  The entire month of July has been a straight upward save for the panic sell surrounding BCX, a nearly linear trend for the price of LTC against BTC.

How long do you guys think this can keep up?  If the current rate of increase continues, we'll be at 0.02BTC/LTC in a month and a half.

See http://www.cryptotron.com/ , when it comes back up.
70  Other / CPU/GPU Bitcoin mining hardware / 12W CPU - 1055T Undervolted to 1.0V, 4 cores disabled on: July 27, 2012, 08:49:59 PM
Idle wattage: 82W
Load Wattage: 94W with Prime95, small FFTs

1055T in an Asus M5A99X EVO, 4 cores disabled in BIOS, CPU set to 2GHz and 1.0V

Measured with a kill-a-watt, going to play with the board voltages later

Do I win a prize? :p
71  Alternate cryptocurrencies / Altcoin Discussion / BTC-e halts LTC deposit/withdrawal for 5 days on: July 25, 2012, 05:24:23 PM
https://btc-e.com/news/80
72  Economy / Goods / Handmade Glycerin Soap - Pixel-8.ca on: July 12, 2012, 04:49:10 AM
Hello,

My friend tried to register on here to sell her stuff but couldn't post because she's new.  She asked me to put it up here.

All the soap that is on http://pixel-8.ca is for sale here in BTC.

Thanks

Sample pics:

73  Economy / Invites & Accounts / [WTS] RapidSSL cert invite - 2BTC on: April 26, 2012, 05:51:08 PM
Maybe someone out there needs this.  Hosting company refused to install this, it's yours for 2BTC (bought it for $15USD).
74  Bitcoin / Project Development / Cam2Cam Bitcoin Web Application on: April 12, 2012, 09:30:08 PM
I was wondering if anyone had pondered this before?

It would be an adult entertainment site with P2P connection of a client to a client; communications between clients are P2P, however the site itself can accept bitcoins from clients and then, once confirmed, transfer them instantly to one another through the server (the only non-private P2P communication).  The incentive for the company is to take a percentage fee from each transaction.  Hence, the servers acts as an escrow and a P2P webcam chat service.

The code should be easy, the same as omegle, you just need to code for bitcoin addresses to deposit to and then give the users randomly generated tokens with a long length to log in with (so as to keep the service anonymous).
75  Alternate cryptocurrencies / Altcoin Discussion / Solidcoin Prices Drop to New Lows as Investors Bail Out on: March 25, 2012, 07:37:44 PM
Code:
Trade history:

Date Type Price Amount (SC) Total (BTC)
25.03.12 21:13
Sell 0.006901 359.6 2.4815996
25.03.12 21:13
Sell 0.006905 19.0999 0.1318848
25.03.12 21:12
Sell 0.007 8.1 0.0567
25.03.12 21:12
Sell 0.007 143.602 1.005214
25.03.12 21:12
Sell 0.007001 84.1308 0.58899973
25.03.12 21:11
Sell 0.007003 27.9112 0.19546213
25.03.12 19:12
Sell 0.007003 12.9898 0.09096756
25.03.12 19:12
Sell 0.007004 31.4106 0.21999984
25.03.12 18:41
Sell 0.007002 40.1868 0.28138797
25.03.12 18:41
Sell 0.007003 40 0.28012
25.03.12 16:46
Sell 0.007 130.507 0.913549
25.03.12 16:46
Sell 0.007 600 4.2
25.03.12 16:38
Sell 0.007 225.891 1.581237
25.03.12 16:38
Sell 0.0075 1000 7.5
25.03.12 16:38
Sell 0.0075 1000 7.5
25.03.12 16:38
Sell 0.0075 1000 7.5
25.03.12 16:38
Sell 0.007514 3000 22.542
25.03.12 16:38
Sell 0.007518 798.828 6.0055889
25.03.12 16:38
Sell 0.0076 89.598 0.6809448
25.03.12 16:38
Sell 0.007601 160 1.21616

Solidcoin sees its first real volume in two weeks with a massive dump: http://marketscry.info/?s=scbtc&t=1000

The month of March seems to be spelling the death of SC2, with a total volume of only ~45,000 SC2 on BTC-e, most of which were SLC->BTC sell orders.
76  Other / CPU/GPU Bitcoin mining hardware / GK104: nVidia's Kepler to be the First Mining Card? on: March 16, 2012, 09:32:30 PM
GK104 will have 1536 stream processors clocked at 1GHz.

Here's my totally speculative math:

A GTX 570 with 480 SP at 732MHz gets about 150 MH/s, or 0.3125 MH s^-1 SP^-1.

Scaling linearly with clock speed, we would expect 0.4269 MH s^-1 SP^-1 at 1GHz.

For 1536 SPs, that's 656 MH/s at an estimated TDP of 200w.

Of course, it's likely that these new SPs will be a little slower than the old ones, but even if they're 30% slower they should still be competitive with AMD cards.
77  Alternate cryptocurrencies / Altcoin Discussion / Pool-X.eu server issues on: March 15, 2012, 04:10:47 PM
Anyone else having big problems with their servers lately?

Quote
Round Shares
Your Valid: 5828
Your Stale: 3289, 56.43%
Pool Valid: 133361
Pool Stale: 28856, 21.64%



That's with my miners that have been on constantly with no change to the hardware or disconnections/power offs...
78  Alternate cryptocurrencies / Altcoin Discussion / LTC GPU Miner Source Code Reward Thread on: March 09, 2012, 02:37:10 AM
Hey,

I want to offer 500LTC to the first person to give the source code for an LTC GPU miner.  The code must be compilable on nVidia and AMD GPUs.

I wanted to start this thread to get other people involved too.  I think it may motivate ssvb to finish his miner quicker and release to the public if everyone is willing to pitch in some.  So, if you want to pitch some money into this too, let the people out there who are working on LTC miners know with some offers.

When the GPU miner is released I'll put the authors LTC address on here so you can offer your coin up to them.

2nd edit:

Coblee has set up a reward address.  Please forward all donations to this LTC address:
Code:
LgpuY1d6ncPkN9XYVGWraiohJXTqSKdqtL
Current reward: http://abe.liteco.in/address/LgpuY1d6ncPkN9XYVGWraiohJXTqSKdqtL

Or for BTC:
Code:
1gpuEVUaML1pXEUNVeREnQqitfv1DeUMD
Current reward: http://blockexplorer.com/address/1gpuEVUaML1pXEUNVeREnQqitfv1DeUMD

edit: I may as well keep track of people willing to donate here too.

List of People Giving BTC/LTC for a miner:
TacoTime - 500 LTC
tatsuchan - ? BTC/LTC
Bitinvestor - 10BTC
79  Economy / Economics / I don't understand neoliberal economics: low-level inflationary hoarding on: January 11, 2012, 12:07:35 AM
Okay, there's something I've been struggling to make sense of with neoliberal economic policy for the past several months that I'm sure some smart economist must have addressed in more detail.

I understand the low level theory as this: maintaining a small amount of annual inflation (2-5%) through bonds at the central bank prevents deflationary and inflationary crisis, creates the incentive to spend cash and should cause perpetual economic prosperity while increasing income inequality.

Okay, that's fine, but the main problem I've never been able to comprehend:
1. Entities with more disposable income will no doubt buy bonds or better yielding equities, which will result in, overtime, the accumulation of wealth in an exponential fashion in these entities.
2. Entities with less disposable income will never benefit from this as they can not invest or can only invest less, with the bulk of their income being spent on necessities.
3. Eventually, just by having progressively saved money, the wealthy entities will accumulate exponentially more wealth than the non-wealthy individuals, likely forcing the non-wealthy individuals into severe debt and eventually poverty.

I did some basic calculations based on the current percent increases in the wealth of the top 1% of individuals in the year 2011, and it appears that by the year 2100 that 99% of all the world's currency (which we might assume to be related to their wealth) will exist in the hands of that 1%.  At that rate of increase, it's easy to see that within a short time we'd reach 0.1% with 99% of the wealth, then 0.01%, and so on.

I made up the name "low-level inflationary hoarding" because I don't know how else to call this, though someone probably has a better name for it.  It's seems just an insidious and slow-working form of rapid inflation that increases the wealth of the central players in the system, similarly to countries in which absurdly high inflation rates are common which eventually strip the middle and lower class of their savings and reward the highest of the higher class (who usually have possession of inflation-proof goods or bonds that the lower classes can not afford).  The hoarding refers to the possession of financial attributes that are investments that people who are lower class can generally not afford.

tl;dr: I don't understand how long term, small amounts of perpetual inflation can, over time, be any more successful of an economic policy as compared to short term, large amounts of perpetual inflation.  The latter of which I refer to as short term because the government usually collapses before the policy could be considered long term.
80  Alternate cryptocurrencies / Altcoin Discussion / The LTC Dark Pool: Boon or Burden? on: December 08, 2011, 04:59:24 PM
The dark pool or pools have been operational since roughly 10 days after the release of Litecoin.  Historically, almost all the LTC mined by the dark pool appears to be immediately released to the market at BTC-e for sale.

The dark pool provides a major advantage to LTC, which is that is is extremely difficult to attack (unless the dark pool chooses to).

On the flip side, there is the inherent problem of, aside from an unlikely 51% attack, these two scenarios:
- The dark pool is being mined by computers infected with trojans (botnet).  The release of virus definitions for these trojans would result in the rapid collapse of the hash rate by 80%, requiring weeks to lower the difficulty.  This is a likely scenario, as the hash rate here does not vary with the price of LTC (as you might expect for someone who has to worry about the costs of electricity).
- The dark pool decides to contract the supply by not bringing any LTC to the market for a long time, hence manipulating the market.  The possibility remains that the dark pool is attempting to assemble as large a mining network as possible before heavily constricting the supply, resulting in only a tiny amount of new coins being mined per day by others.  The result would be massive deflation.

The strange thing is that so far, the dark pool appears to have decided to sell as much as their LTC as possible.  With 80-90% of the mining capacity, the dark pool can act as a "central bank" for LTC; so why are they inflating it so intensely?

See the present dark pool size here: http://pool-x.eu/net

And historic network hash rates here: http://www.litecoinpool.org/charts
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