I see lots of people doubt Litecoin, judging by all these silly posts coming through For example, if someone had posted my original plea about Bitcoin, I wouldn't even bothered replying, because I am confident in the Bitcoin system and just ignored it. On the other hand if I doubted Bitcoin I would quickly need to rush to it's defense, to reassure myself I am right and they are wrong. Litecoin will be attacked eventually. My plea is merely 'accelerating' the process. So might as well all stop squirming and fighting the inevitable. [/quote This is your response to Coblee's disection of your wiki argument? Pathetic....  |
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Just some facts for the SHEEP :
BFL ASIC can never be used to mine LTC but CAN be used to mine NMC.
GPU can mine both NMC / BTC ( SHA256 algo) and LTC ( scrypt algo ).
FPGA can do same thing as GPU but the technology is hard to work out and nobody wants to share. I can bet my ass off somebody right NOW is making a killing mining LTC scrypt with FPGAs but not sharing the secret.
LTC is not supported enough by the market like BTC is due to Silk Road drugs buyers so mining LTC with all the GPUs previously used to mine BTC = market fail due to people dumping.
Nobody is willing to prop up LTC rate. Eventually profits will be same like BTC and GPU mining in ASIC period. LTC market depth is not big enough to sustain that many GPUs.
Looks like Bulanula has been taking notes. Perhaps you should look into the litecoin code yourself to see how the algorithm works and why ASICS will be a while away from hitting any development. Hint: price for on-board cache. Good job Bula! |
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So Bulanula, the price went up in LTC/BTC when BTC/USD price went down....
Shows how much you don't know about what you claim to know.
Stop trolling for once dood. LTC / BTC price went up because somebody has a ton of LTC and needs to pump up the price before they dump and make a killing. Too bad the SEC can't get involved in this obvious pump and dump. Okay so you are a troll, a scammer, a woman, and also clueless? |
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I just bought some more litecoin to annoy the OP.
+1 |
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I'm not posting anymore, you'll have to do the hard work yourself if you want more. (Google).
You failed to live up to your promise. Now where have we seen that before? LOL omg you are so right man. I've seen several UNNAMED posters on this forum do that and then disappear from the forum forever lol |
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Nope. Got that one. I'm wanting one that will go back to early january or even last November. Thanks though |
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Hey, I never wrote the bitcoin wiki post on Litecoin.
Don't blame the messenger.
Don't believe everything you read. Litecoin is not a scam. It may not succeed, but that doesn't make it a scam. So it's not cool that you are asking people to attack and destroy something that a bunch of us are working hard to create and support. If you don't think Litecoin is going anywhere, then don't mine, buy, or use it. I hope you will take back your first post. Interesting. So your basically says the official wiki is total rubbish and should be ignored. Let's turn the tables round a bit. Got any evidence the wiki is false? (Everyone seems to crave evidence so much on here.) And please don't try to back-peddle your way out of the hole you just dug. What folly. That's funny that you want us to prove something false that you posted up as truth with no real evidence except a wiki link. Dude i'm not going to work to prove anything given I didnt start the thread. If anything you should be using your precious time to prove us all wrong since you are "trying" to help us out right? |
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Anyone got the raw data or a graph? Even if it is the raw data I can graph it myself. Not sure why marketscry.info isn't posting it publicly. Thanks in advance! |
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If you already have GPU mining rigs, I assume you (and most people) will switch to Litecoin. In the past few days it's actually been a bit more profitable to mine LTC and sell for BTC then to mine BTC directly. And there are also a lot more Litecoins that can be mined. We just have to keep the interest of people like you a bit longer so that more services can be developed.
Just curious, how difficult is it to modify a ASIC rig to mine LTC? I suppose there's always the possibility of a new xyzCoin based on different hashing algorithm(s), which will screw the ASIC? It is impossible to mine LTC with that ASIC You need to make a new ASIC, make the project, invest some millions $ to start making the chip and then you can mine LTC with your new ASIC. It was supposed to be impossible to mine it on a GPU, look how that turned out they are hashing away right now.. GPUs are programmable devices, custom ASICs are single-purpose. A custom ASIC could be designed to be programmable, but then all you have is an expensive and slow FPGA or CPU kind of thing. So LTC was the one design for CPU-mining only? Since they both use SHA-256, it won't be a surprise a LTC ASIC maker will be able to reuse most of the BTC ASIC design. In order to be truly effective, it has to make the hashing algorithm prohibitively complex for ASIC.
If an ASIC was specifically designed for Scrypt (the LTC proof-of-work), it would be many magnitudes faster than anything else. LTC does not make use of SHA256 for the proof-of-work. Hopefully that litecoin ASIC is far in the future. I'm more concerned about all the Bitcoin GPU's jumping to the LTC ship in October/november. The more I read about FPGAs and how much cache litecoin requires to do computations it may be a while before the hardware exists in a realistic cost/price manner to allow production without spending a ton. |
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1. Devs will not change the algo in order to influence ASIC production because it would be a very stupid thing to do and devs are not stupid (well... mostly).
I wonder who you werent talking about when you said "well...mostly". LOL |
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Hey, I never wrote the bitcoin wiki post on Litecoin.
Don't blame the messenger.
So first I was angry and now I'm blaming you? LOL bro you got some voices in your head? |
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Oh dear, oh dear. There's some angry people on here.
Still the plea has gone out now, so we might as well all sit tight and wait and see what happens. Maybe someones plugging in their GPU farm right now. Doubt it, but you never know.
Angry? lol hardly? Keep wishing man. I just think it is entertaining to see trolls like you come here and claim things that they can't backup with any hard facts and evidence. <==== look at me im so Angry! lol |
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Odd thing to say? Yeah, I admit ( looking at floor) I did get a bit sucked into the SC hype. Did lose a bit, nothing too bad lucky. Learnt my lessons, and now trained to spot them. Litecoin raised my red flag. Just helping you guys out. I'm sorry but no one was asking for your help. Perhaps you want us to want your help is why you are posting things as such? |
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Also it's hard NOT to notice that your account started only on June 11th of this year. Some of us have been posting pretty regularly for a period of time. Why should we listen to a newcomer who could be another UNNAMED supporter of an UNNAMED alternate "coin"? Please speak out once you have like 1000 posts and have been contributing to the community for like at least a few months. Thanks bro! |
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I don't think he actually intends to release this as a new coin. Seems to me like he wants to poke around the code for fun and happened to have an issue relating to merkle roots and the genesis block. Maybe not the proper board to put this in (Technical Issues might be better), but he's just trying to understand the code.
Well he should poke around it in private and not publicly. No one wants to see that lol  |
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So Bulanula, the price went up in LTC/BTC when BTC/USD price went down....
Shows how much you don't know about what you claim to know.
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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 Early bitcoin miners who were mining at a loss also could have had even larger stashes of BTC if they had bought instead of mined. I can understand it from the novelty or hobby perspective, but from any other perspective, especially financial, it just doesn't make sense. And thats where we agree. Your perspective is financial and some others are just hobby/novelty. |
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Seriously bro if you can't figure it out you shouldn't making an alternate chain. SCAM ALERT. PONZI! |
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