Bitcoin Forum
July 27, 2021, 07:01:34 AM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 »
561  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin has potential. Beyond $50? on: April 06, 2017, 06:29:40 AM
Now that Jihan and Bitmain have been outed as exploiting a vulnerability in Bitcoin's PoW and that SegWit would have made it impossible for them to continue exploiting this vulnerability the motivations for blocking SegWit and supporting BU have now become very clear. We're going to see a shift in SegWit support in Bitcoin very soon and LTC is also helping here by activating SegWit first. I can see some more room up for Litecoin until around 0.02 or $25, but this will change as soon as Bitcoin starts to make progress towards activating SegWit as well and people start moving back into BTC. If you think BTC will stay behind and never activate SW or LN you are sorely mistaken. Let's see what happens and see who turns out to be right.

We can't get 95% to activate SegWit on Bitcoin without Bitmain's approval. They have every right to protect their patent's value. Those who think Bitcoiners will rally to fight him are socialists and communists, who deny capitalism, game theory, and economic reality.

We can't lower the 95% threshold for Bitcoin, because it will cause too much risk and wild price swings.

Also we shouldn't be putting such experimental shit on Bitcoin. Bitcoin is supposed to remain reliable.

Sorry Bitcoin will remain unmodified, as Satoshi (aka Nash) intended its equilibrium game theory to be a clusterfuck of politics insuring the immutability of the protocol which is what gives Bitcoin its trust and value.

wait...
if his asicboost is rendered invalid, doesn't that make all his ASIC+asicboost hardware useless ( totally useless) ?

As I understand the whitepaper, yes it would because the logic gates for avoiding the optimization have been eliminated which makes it 20% more efficient.

All those who own Bitmain hardware for mining SHA2 coins, must fight SegWit.

If you fork and bankrupt miners who bought hardware, Bitcoin can never again be trusted. It means Bitcoin is run by democracy and not by immutability. Satoshi (Nash) will roll over in his grave.

The whales of Bitcoin will destroy any such fork. I guarantee you that!

Got LTC yet?  Tongue

Plus lets not forget if Bitcoin does split BU and BTC bitmain well have double coin on both blocks before fork. They can just dump BTC they are holding and destroy the market while still holding BU hence making it the major Bitcoin (clone) so to speak.

BTW not sure if you read my late last night post "iam not back"where you convinced me to buy Litecoin with your Logical posts. Just want to thank you bought 80 Litecoin and decided against selling a lot more and more that i am accumulating from mining. So thank you and keep up the Good work!!!
562  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy Litecoin Inmediately. on: April 05, 2017, 04:59:52 PM
Smartest thing i did was to load up on Litecoin last night.
563  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy Litecoin Inmediately. on: April 05, 2017, 08:14:49 AM
So much hashing power coming online bye bye mom and pop miners.

Here comes hardware miners who stopped selling and just going to run there hardware to pump Litecoin because they know there ROI is like 30 days, than they will sell the hardware.
You will see alll the L3 and A4 are sold out or about to be sold out, because they don't want any hashing competition period or markedup for resell at higher point.

Nice game hardware makers... almost 700ghz came online in 5 days.  that was equivalent to 30% of total hash oustanding.

Hashrate went up 30% but the price up 125%. I told you already that ASIC supply is constrained. Mom and pop miners are making a killing right now on LTC, if they signal SegWit and sustain the price rise to $50 due to the exclusive on scaling that Litecoin will have and Bitcoin will NEVER get.

I am very very skeptical i think hardware makers control a lot of supply of Litecoin and they can move/manipulate market by pumping Litecoin they know they can move Litecoin on one exchange by buying $100k worth of to create artificial constraint. Once they move the price by few bucks it has momentum and the community and speculators take over after that all they have to do is switch on hashing power mint more litecoin to bring there average cost per litecoin down and at the same time make a killing selling all the hardware @ $2000 a pop. once enough sales of hardware accomplished they can dump coin and release hardware.

the reason they do major release like available date of April 24th is so they can maximize there sales. where 1000s of l3 or A4 are sold and you have no idea how much hash is hitting the network because if you did you would know that you would not recover your initial investment in 6 months, as the difficulty spikes. Only Hope for Miners to recoup investment cost is to hope and pray that price per coin keeps rising.

enough rambling for tonight... time for sleep. GN>

But why would the ASIC manufacturers want a lower LTC price in any case? The only acrimony is over those miners who want to block SegWit (i.e. Bitmain) and those who don't.

Even if they dump their coins and sell their hardware, if the price is rising faster than the supply due to Litecoin having an exclusive on Lightning Networks scaling because Bitcoin will never get it, then Blockstream is forced to develop for Litecoin instead of Bitcoin, then why wouldn't the LTC price fulfill the chart destiny which I showed to $50 and beyond?

P.S. I agree PoW mining is a manipulated mess.

Man I don't know if i am sleepy or tired but you are starting to make more and more sense interms of Litecoin having real potential.

So I just bought 50 LTC 2 min ago and not going to sell the ones I have and the Ones I mine also converting some BTC to LTC more like .25 BTC.

Hope you are right... but you argument makes perfect and logical sense to me.

Here is to LTC to $50
564  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin is the sleeping giant on: April 05, 2017, 07:33:31 AM
offcourse bitmain is going to release more miners they dont' care about miners only thing they care about is making money by selling there overpriced hardware. @ $2000 a pop

No Bitmain is trying to maintain a monopoly on gouging fees on Bitcoin. That is why they are trying to block any SegWit on Litecoin. Thus they will preannounce far in advance right now to try to make miners afraid to act.

Jilian Wu and BU are a diversionary tactic. What they really want is small blocks forever on Bitcoin and no scaling competition for Bitcoin.

Bitcoin can't move higher until this scaling shit is resolved. Jilian Wu is blocking the progress of our entire ecosystem. Please kick his ass by activating SegWit.

I agree with you on that 100% bunch of Sobs trying to constraint block size to maximize transaction fees.

Also nice job on the Litecoin Chart!!!
565  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy Litecoin Inmediately. on: April 05, 2017, 07:27:17 AM
So much hashing power coming online bye bye mom and pop miners.

Here comes hardware miners who stopped selling and just going to run there hardware to pump Litecoin because they know there ROI is like 30 days, than they will sell the hardware.
You will see alll the L3 and A4 are sold out or about to be sold out, because they don't want any hashing competition period or markedup for resell at higher point.

Nice game hardware makers... almost 700ghz came online in 5 days.  that was equivalent to 30% of total hash oustanding.

Hashrate went up 30% but the price up 125%. I told you already that ASIC supply is constrained. Mom and pop miners are making a killing right now on LTC, if they signal SegWit and sustain the price rise to $50 due to the exclusive on scaling that Litecoin will have and Bitcoin will NEVER get.

I am very very skeptical i think hardware makers control a lot of supply of Litecoin and they can move/manipulate market by pumping Litecoin they know they can move Litecoin on one exchange by buying $100k worth of to create artificial constraint. Once they move the price by few bucks it has momentum and the community and speculators take over after that all they have to do is switch on hashing power mint more litecoin to bring there average cost per litecoin down and at the same time make a killing selling all the hardware @ $2000 a pop. once enough sales of hardware accomplished they can dump coin and release hardware.

the reason they do major release like available date of April 24th is so they can maximize there sales. where 1000s of l3 or A4 are sold and you have no idea how much hash is hitting the network because if you did you would know that you would not recover your initial investment in 6 months, as the difficulty spikes. Only Hope for Miners to recoup investment cost is to hope and pray that price per coin keeps rising.

enough rambling for tonight... time for sleep. GN>
566  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin is the sleeping giant on: April 05, 2017, 07:21:01 AM
offcourse bitmain is going to release more miners they dont' care about miners only thing they care about is making money by selling there overpriced hardware. @ $2000 a pop
567  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin is the sleeping giant on: April 05, 2017, 04:26:39 AM
What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator



That calculator is apparently assuming that the supply of ASICs is not constrained, but apparently it is constrained, so the difficulty will not rise commensurately with the price. The demand should rise faster than the manufacturing supply can keep up with, if you miners are calculating correctly.

Thus buying A4s should be highly profitable. Can you re-run your calculation with a presumption that difficulty doesn't rise more than 25% and prices rises to $30 then tell us what is a better ROI buying LTC or buying an A4?

It would be much better to buy A4s and help push Litecoin to Scrypt activation, otherwise BU's Jilian Wu may end up crashing this endeavor.

I suspect no more A3s will come to market any time soon.

I bet Julian Wu has commandeered all his applicable resources to mining LTC and dumping it on exchanges to try to defeat the SegWit activation:

https://bitcoinwisdom.com/litecoin/difficulty

The LTC miners I had linked to say that he pulled all the supply of A3s off the market so he could mine with them.

Smart money hopefully continues to eat up all the LTC he dumps and hopefully the supply of A4s available is sufficient to overtake Julian's A3 manufacturing rate.


It is interesting to compare March 11 to today:

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170311190046/https://www.litecoinpool.org/pools

The largest percentage gainer of significance which not signaling SegWit is Antpool which is run by Bitmain, i.e. Jilian Wu. So that is probably clearly Bitmain using their A3s as a weapon instead of selling them into the free market.

LTC1BTC is the other antagonist with significant gains in hashrate.

So those are two main enemies that have to be defeated.

Note Litecoinpool which has nearly doubled their hashrate and they signal SegWit.

The fight is on!

Yes if difficulty rises 25% but prices goes up to $30 (which is a possibility with momentum and segwit activation) You will breakeven in 57 days so yes A4 or L3 are better investments.  Assuming Price goes to $30 but bare in mind if you have to wait a whole 1 month for your Asics to arrive thats a loss of mining time and almost work 75 Litecoins mined or $750 @ $10 per Litecoin.

If you were to buy $2000 worth of litecoins @ $9 so approx 222 LTC coins @$30 per lite coin you are looking at $6660 or profit of $4660 it will take you a lot longer to recoup that with mining almost 250 days with difficulty rising. so maybe just maybe buying Litecoin is better option than getting a A4.

As always you can hedge your bet buy $1000 worth of Lite coins and order A4 for $899 which mines at 136mh/s from eastshore
568  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy Litecoin Inmediately. on: April 05, 2017, 04:21:44 AM
Lite coin is here to stay i am just hoping difficulty doesn't rise too fast.
569  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy Litecoin Inmediately. on: April 05, 2017, 02:37:34 AM
So much hashing power coming online bye bye mom and pop miners.

Here comes hardware miners who stopped selling and just going to run there hardware to pump Litecoin because they know there ROI is like 30 days, than they will sell the hardware.
You will see alll the L3 and A4 are sold out or about to be sold out, because they don't want any hashing competition period or markedup for resell at higher point.

Nice game hardware makers... almost 700ghz came online in 5 days.  that was equivalent to 30% of total hash oustanding.
570  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin is the sleeping giant on: April 04, 2017, 11:07:56 PM
What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator
571  Alternate cryptocurrencies / Mining (Altcoins) / Re: Lets Play a Guessing Game, Litecoin Difficulty in 1 month & 6 Months? on: April 04, 2017, 06:21:26 PM
wasn't it up to 92 a few week  go then went back down to 87 .

sense i suck at that kind of guessing i  won't but do agree if the price keeps going up it may get up there in time then the shit will hit the fan because other companys will start making Script miners again maybe....other then bit main and INNOSILICON , I'm guessing again the 14 nm miners will be good for at least two years till the next die cut @ 12 or 10 nm comes out ...some one told me.

well said i didn't even think new miners coming online/manufacturing happening because of the demand and price rising.
572  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: April 04, 2017, 06:14:32 PM
what happened in past few days is nothing compared to whats gonna happen over next few weeks and months....

$1 will = 1XRP (minimum)

Yep, 1 Dollar will be the beginning (now we are at 0.034 Dollar), this would be a marketcap of 42 billion dollar.

Look for example Mastercard, the marketcap of Mastercard is 121 Billion Dollar.


I dont know what these 90 joined banks will make with the price, but when we have luck, then 1 Ripple will be 10 Dollar in the future maybe.  Smiley

How high are you? $10 and whatever you are smoking pass some on to me please...
573  Alternate cryptocurrencies / Mining (Altcoins) / Lets Play a Guessing Game, Litecoin Difficulty in 1 month & 6 Months? on: April 04, 2017, 05:24:14 PM
I say 150k in 1 month. 5/4/2017
&
I say 450k in 6 months 10/4/2017



As of Today Llitecoin Difficulty is 92957.

https://bitcoinwisdom.com/litecoin/difficulty

Goodluck let your Guesstimate Begin!

Winner gets: Bragging Rights.
574  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin is the sleeping giant on: April 04, 2017, 03:25:33 PM
I hear all the bitmain L3's sold out yesterday in the world (or at least china sites) is that so Smiley I made my killing on those so fat and happy on my bet that
it shall hold over $6 ltc bet)

still stunned I am ($8.60 ltc as I speak)

later


Searing they didn't sell out they stopped selling them.. to mine them and they will show up on ebay with 50% premium from same chinese hardware sellers.
575  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC is the next pump, buy before moon landing!!!!! on: April 04, 2017, 03:22:59 PM
I am Net Seller of Litecoin every bump higher i am selling... so are tons of A2-A4 L3 or any other Litecoin mom and pop miners.. they are all selling in rally... why wouldn't you, you have to pay Electricity cost and recoup your initial investment. I can hold Litecoin once i recover my initial cost, other than that i sell them as fast as i mine them... Let me know if you are doing anything different.

during a pump it doesn't matter what you claim you do. and it really doesn't matter if you and other miners are actually selling. what the miners may or may not sell is the sell pressure that is always present in the market (nothing new about it) but what is different during a pump is the demand and the demand or buy support is much stronger than miners can sell.

and besides big miners aren't stupid to dump and crash the price, they also want more profit and will sell on top and slowly in order not to create any sell pressure or resistance on the way up.

I agree for sure... only people who can afford to hold is big mining operations.
576  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC is the next pump, buy before moon landing!!!!! on: April 04, 2017, 05:16:15 AM
I am Net Seller of Litecoin every bump higher i am selling... so are tons of A2-A4 L3 or any other Litecoin mom and pop miners.. they are all selling in rally... why wouldn't you, you have to pay Electricity cost and recoup your initial investment. I can hold Litecoin once i recover my initial cost, other than that i sell them as fast as i mine them... Let me know if you are doing anything different.
577  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC is the next pump, buy before moon landing!!!!! on: April 03, 2017, 05:25:58 PM
I say go for it you only live once... infact borrow from neighbors, family, parents, High interest CC, pay day lender, Car title loan companies... ask for advance pay day. 401k liquidation don't leave a single stone unturned.... put it all on Lite coin and if it doesn't work out there is always Chapter 11.

Good luck to you. 

Not sure if you were being serious.

You also only get one credit rating, and digging yourself out of a hole is no fun.

I was being sarcastic...
578  Alternate cryptocurrencies / Speculation (Altcoins) / Re: LTC is the next pump, buy before moon landing!!!!! on: April 03, 2017, 04:02:29 AM
I'm telling you someday in the next week you'll wake up and see that LTC has landed on moon with a $45 market price. after seeing DASH and ETH pumped so fast I'm planning to liquidate my entire life, house/car/gold/bank accounts savings all included and buy LTC I might be able to earn 8 times over in less than a month.

What do you think?

I say go for it you only live once... infact borrow from neighbors, family, parents, High interest CC, pay day lender, Car title loan companies... ask for advance pay day. 401k liquidation don't leave a single stone unturned.... put it all on Lite coin and if it doesn't work out there is always Chapter 11.

Good luck to you. 
579  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: April 02, 2017, 06:27:26 PM
You need to understand that Ripple-the-company is not the same as XRP and the Ripple Consensus ledger it resides on.

The bank quoted in "Google" agreed upon to use Ripple Solution. Ripple Solution is an umbrella term for in-house developed pieces of software called Ripple Connect and Ripple Stream. They include private implementation of Interledger protocol  that works without any XRP at all, and offers the privacy XRP&RCL don't have.

I'll give 10000XRP to whoever quotes me a Financial Institution that shared its  Issuing wallets, currency codes, and txids of transactions on RCL. Because only then you could truly say the banks use XRP.

Check the volumes, Polo currently stands for $150M+ volume, RCL only 20. What now is happening is a pump, driven by people misunderstanding the news.

I think well said i agree with your assessment 100% Banks are implementing ripple protocol one has nothing to do with other... People are just combining them and misunderstanding the technology piece from speculative XRP.
580  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin is officially dead on: April 02, 2017, 05:55:26 PM
Only reason LTC is going up is because Bitmainer and Innosilicon and all the LTC Asics want to sell the new hardware @ $2k per unit tell me if i am wrong.... the hardware makers accumulate and sell bunch of hardware and than wait till the dump comes not today not tomorrow not for a long time but it will come.

FYI: I am one of those suckers who bought 88MH/s (which averages around 68MH/s on Litecoin pool good for 0.4 LTC per day)  A2 innosilicone if any one is interested let me know, PM me and I can sell it to you.

I know not the right post for selling A2 Innosilicone.

If your theory was correct likely the price increase would be coming from Chinese exchanges. The price increase is coming from western exchanges and the Chinese exchanges are lagging far behind. You can see for yourself here:

http://coinmarketcap.com/currencies/litecoin/#markets

It's unfortunate that you didn't do well with your miner. That doesn't predict the market as much as you might think.

To be honest with you I got the A2 terminator for $250 with shipping from ebay as i have access to free electricty so i thought why the hell not. I could recover it back in 5 months but looks like it would be sooner for me on the A2 terminator current ROI is 2.5 months if the price of Litecoin holds. If it goes higher it would be faster. Either way I will make money of the A2 and Litecoin....

But i am sure chinese excchanges can buy LItecoin on western exchanges doesn't prove anything... the other thing is after recent LTC pop i betchya tons of people order L3's and A4.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!