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Yep too much money on line for people. Agreed +1
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Call me cynical, suspicious, paranoid, whatever. But it seems increasing likely to me that the Hegelian dialectic will be invoked: a major crisis will be provoked somehow, sometime. And someone will step forward, perhaps even Satoshi himself will emerge from the shadows to do it, and propose a drastic or radical change to "save" us all
And it will all have been one big trick, and the joke will be on those that blindly follow through fear.
lol... the comment about satoshi emerging made me laugh... I don't care even if jesus himself shows up No-one in bitcoin community/devs/miners/hardware makers/exchanges/users or anyone will be able reach consensus because they all have different agenda which are contradictory to each other.  |
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+1 tired but still have faith in LTC and buying!!!
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you can buy Asrock FM2A88X PRO3+ mobo is a great one i just got five of this mobo with amd a4 6300 dual core cpus
You run 6 cards on it well? Its only good for 5 GPU not 6. |
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raining with sells on LTC
Time to buy is when fools are selling... let it drop buying more!!! Fundamentally nothing has changed... we are still inching towards segwit activation unless one of the pools signalling yes switches to NO and we drop. |
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Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!! Not a lot but every little bit helps. 75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin. https://www.litecoinpool.org/pools"Iamnothere" who owns or controls LTC1BTC pool is that Antpool clone? |
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Clevermining just supported Segwit support with Block 1180894 Before they weren't supporting Segwit another 24ghs hash for segwit woot woot!!! Not a lot but every little bit helps. 75% here we come as long as Antpool doesn't f up the segwit they are trying really hard to block segwit on litecoin. https://www.litecoinpool.org/pools |
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The SegWit signaling has fallen back to 68 - 69%. One could postulate that all spare capacity for mining LTC was already brought onboard with the recent price increase. And that Bitmain will gradually eat away at that by producing more L3s which they keep for themselves to mine on LTC and block SegWit. The competitors may not have much resources as Bitmain, or just the fact that the L3 is twice as efficient as the A4 competition. I am not sure if that is the only scenario though. Maybe BTCC hasn't yet unleashed their GPU farm on LTC because perhaps they want to wait for a higher price. Maybe they want to stimulate one more price pump before making their move. There have been hacking attacks that have moved hashrate to different pools. So I don't know if a similar attack has been employed on LTC pools. I noticed some significant change in the LTC pool distribution compared to yesterday. https://web.archive.org/web/20170406082911/https://www.litecoinpool.org/poolshttps://web.archive.org/web/20170405041023/https://www.litecoinpool.org/poolsI had the thought that even if SegWit doesn't get activated, Litecoin has 4X more capacity in its blocks than Bitcoin, so it will have lower transaction fees. Yet I don't know if that would be compelling enough without real scaling. Edit: Okay I was mistaken in thinking the activation period was only 24 hours. It is 2 weeks: https://www.reddit.com/r/litecoin/comments/63nb70/how_long_does_it_need_to_be_over_75_before/Edit#2: Ah I see it must be a specific retarget period! Lock-in: If 75% of blocks within any retarget period signal support for segwit, it locks-in. SegWit transactions are now opt-in.
Activate: After another 8064-block (roughly two week) retarget period, segwit will activate, allowing miners to produce blocks containing segwit transactions on Litecoin’s mainnet.
Thus perhaps we can expect that BTCC won't throw its GPUs at LTC mining until the next block retargeting! Important find. The next block retargeting begins in ~30 hours, and the following confirms the two week activation period: Next block retarget (4 per activation period)
Since a retarget period is roughly 3.5 days, that means the prior 3.5 day retargeting period did not start with ~69% signaling. So I conclude that we might see fireworks ~30 hours from now. IamnotBack for you https://bitcoinmagazine.com/articles/mining-manufacturer-blocking-segwit-benefit-asicboost/ I think you will find that article really interesting. |
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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?  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!!! |
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Smartest thing i did was to load up on Litecoin last night.
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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 |
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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!!! |
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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> |
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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
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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/calculatorThat 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/difficultyThe 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. 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 |
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Lite coin is here to stay i am just hoping difficulty doesn't rise too fast.
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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.
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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 |
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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. |
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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.  How high are you? $10 and whatever you are smoking pass some on to me please... |
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